NEW YORK, Aug. 15, 2012 /PRNewswire/ -- CAI Private Equity ("CAI"), a leading private equity investment firm with a North American investment mandate, is pleased to announce the appointment of Allan Weinstein as a Managing Partner. Mr. Weinstein will lead the firm's United States investment effort, which is focused on energy and utility services, business and financial services, specialty/niche manufacturing, aerospace and healthcare. He will be based in CAI's New York office.
"Allan is a valuable addition to our partnership. He possesses a great deal of experience across a variety of industries and has led a number of successful investments," said Les Daniels, Managing Partner and Co- Founder of CAI. "I'm excited to work with him as his energy and capability will help grow our United States investment efforts enormously."
Tracey McVicar, Managing Partner, also commented, "I'm particularly pleased to welcome Allan into our partnership and look forward to collaborating with him to grow the firm for the next generation."
With nearly 18 years of experience in private equity investing, Mr. Weinstein most recently served as Managing Director at Lincolnshire Management, Inc., a leading middle market private equity firm. Allan led investment transactions with favorable returns and held board positions in portfolio companies: Allison Marine Holdings, Phoenix Brands, Inc. Wabash National Corporation, Bankruptcy Management Solutions, Inc.; Prince Sports, Inc. and Riddell Sports, Inc; among others. During this time, Allan also served as interim, full-time CFO during the dramatic turnaround of Credentials Services International, Inc. – a Lincolnshire portfolio company. Prior to Lincolnshire, Allan was a Senior Credit Analyst for Fleet Bank.
"CAI has an impressive track record in the middle-market particularly in the utility-services, energy, specialty manufacturing, health care, aerospace, and business and financial services segments," said Mr. Weinstein. "I expect the combination of my experience in the middle-market, CAI's strong foundation, experienced professionals and our focus on building the business, particularly by investing in middle-market companies with EBITDA in excess of $5 million, will yield impressive results."
About CAI Private Equity
Founded in 1989, CAI is a private equity firm specializing in buyouts, restructurings, acquisitions, recapitalizations and other corporate growth initiatives. With offices in New York, Toronto, Montreal and Vancouver, CAI is uniquely positioned to assist North American businesses. CAI's broad operational and financial expertise and ready access to capital position the firm to be a valued partner for proven, motivated management teams. CAI acquires significant ownership positions in companies and then fully utilizes the firm's extensive experience and resources to achieve strategic objectives. We seek to create partnerships that are uniquely capable of reaching common goals and attaining superior investment performance. CAI has invested or placed with co-investors over $1.3 billion in equity or equity-related investments to help fund growth and corporate transition in companies throughout North America. CAI has $650 million under management, is currently investing Fund IV, and is targeting companies that generate in excess of $5 million in annual EBITDA in the Utility and Energy Services, Healthcare, Aerospace and Defense, Specialty Manufacturing, and Business and Financial Services sectors. For additional information, visit www.caifunds.com.
SOURCE CAI Private Equity