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Tim Healy
Vice President
p. 440.684.1400
thealy@linsalatacapital.com
Linsalata Capital Partners Promotes Two to Principal
June 8, 2010
Mayfield Heights, Ohio (June 8, 2010) – Linsalata Capital Partners (LinCap), a Cleveland-based private equity firm, announced today the promotions of Michael J. Faremouth and John A. Studdard to principals in the firm.
Faremouth joined the firm in 2005 and has progressively contributed across the spectrum of firm activities since that time. He was an active participant in landing and now overseeing the firm’s current investments in Transtar Holding Company, Harden Manufacturing, Hospitality Mints Holding Company and Transpac Holding Company, further serving as a director on the last three of those investments.
Before joining Linsalata Capital Partners, Faremouth spent two years at the Stow, Ohio-based Matco Tools subsidiary of Danaher Corporation, where he was a product manager. While there, he was responsible for profit and loss, new product introductions, market research and business strategy for the Hand Tools product category. Faremouth began his professional career at Ernst & Young, Cleveland, where he spent six years and rose to the level of manager. At Ernst & Young, he spent four years in the audit practice working on manufacturing and distribution companies, followed by two years in the litigation advisory services practice working on lost profits analysis and post-acquisition disputes.
Faremouth has a Bachelor of Business Administration degree in Accounting from the University of Michigan and an M.B.A. from the Darden School of Business at the University of Virginia. He is a Certified Public Accountant.
Studdard joined the firm in 2004. He serves on the oversight team for U-Line and was an integral part of the firm’s acquisitions of Wellborn Forest Products, Inc., and Manhattan Beachwear, LLC, serving as a director of these last two investments. Studdard was also a key contributor to two successfully exited investments: Neff Motivation and Augusta Sportswear.
Before joining the firm, Studdard spent five years with Deloitte Consulting in Cleveland, where he rose to manager in the strategy and operations practice. While there, he focused on providing merger and acquisition and turnaround advisory services to manufacturing and consumer product clients. He began his professional career and served in a progression of finance positions with Pittsburgh-based Highmark Blue Cross Blue Shield.
Studdard has a Bachelor of Science degree in Finance and Economics from The Pennsylvania State University and an M.B.A. in Finance and Manufacturing Management from Cornell University.
Located in the Cleveland suburb of Mayfield Heights, Ohio, Linsalata Capital Partners was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle-market companies. In its more than 26 years of investing, the firm has completed 93 buy-side transactions totaling more than $3 billion. Linsalata Capital Partners is currently investing from its sixth fund, Linsalata Capital Partners Fund V, L.P. (LinCap V), with $425 million in committed equity capital.
Faremouth joined the firm in 2005 and has progressively contributed across the spectrum of firm activities since that time. He was an active participant in landing and now overseeing the firm’s current investments in Transtar Holding Company, Harden Manufacturing, Hospitality Mints Holding Company and Transpac Holding Company, further serving as a director on the last three of those investments.
Before joining Linsalata Capital Partners, Faremouth spent two years at the Stow, Ohio-based Matco Tools subsidiary of Danaher Corporation, where he was a product manager. While there, he was responsible for profit and loss, new product introductions, market research and business strategy for the Hand Tools product category. Faremouth began his professional career at Ernst & Young, Cleveland, where he spent six years and rose to the level of manager. At Ernst & Young, he spent four years in the audit practice working on manufacturing and distribution companies, followed by two years in the litigation advisory services practice working on lost profits analysis and post-acquisition disputes.
Faremouth has a Bachelor of Business Administration degree in Accounting from the University of Michigan and an M.B.A. from the Darden School of Business at the University of Virginia. He is a Certified Public Accountant.
Studdard joined the firm in 2004. He serves on the oversight team for U-Line and was an integral part of the firm’s acquisitions of Wellborn Forest Products, Inc., and Manhattan Beachwear, LLC, serving as a director of these last two investments. Studdard was also a key contributor to two successfully exited investments: Neff Motivation and Augusta Sportswear.
Before joining the firm, Studdard spent five years with Deloitte Consulting in Cleveland, where he rose to manager in the strategy and operations practice. While there, he focused on providing merger and acquisition and turnaround advisory services to manufacturing and consumer product clients. He began his professional career and served in a progression of finance positions with Pittsburgh-based Highmark Blue Cross Blue Shield.
Studdard has a Bachelor of Science degree in Finance and Economics from The Pennsylvania State University and an M.B.A. in Finance and Manufacturing Management from Cornell University.
Located in the Cleveland suburb of Mayfield Heights, Ohio, Linsalata Capital Partners was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle-market companies. In its more than 26 years of investing, the firm has completed 93 buy-side transactions totaling more than $3 billion. Linsalata Capital Partners is currently investing from its sixth fund, Linsalata Capital Partners Fund V, L.P. (LinCap V), with $425 million in committed equity capital.