LongRange Capital has added Andrew Cialino to its team as a principal and head of business development. In his new position, Mr. Cialino will oversee deal origination and sourcing activities at the firm.
Mr. Cialino is joining the LongRange team from SFW Capital Partners where, beginning in July 2017, he led the firm’s business development efforts as a vice president and as a principal beginning in January 2022.
Earlier in Mr. Cialino’s career, he was the head of sales and a member of the senior executive team at Axial Networks. Mr. Cialino has his undergraduate degree in economics from the College of the Holy Cross and his MBA from Columbia.
LongRange makes both control and minority investments of $50 million to $400 million in middle-market businesses that have revenues greater than $200 million. Sectors of interest include non-discretionary consumer, food and beverage, information and data services, packaging, industrial, specialty chemicals, and specialty distribution.
“Andrew brings an extensive network and strong experience in middle market business development,” said Bob Berlin, the managing partner of LongRange Capital. “We are excited to have him enhance our sourcing efforts and support the continued growth and success of LongRange and its portfolio companies.”
LongRange closed its first fund in September of 2020 with capital commitments totaling over $1.5 billion. Last month, LongRange announced the acquisition of Batesville Services, a provider of death care products and services, from publicly traded Hillenbrand (NYSE: HI).
LongRange was founded by Mr. Berlin in 2019 and is headquartered in Stamford, Connecticut.
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