Altus Capital promotes three

Altus Capital Partners has promoted Thomas R. Groh to partner, Nick A. deMarco to vice president and Joshua M. Tesoriero to senior associate. Groh joined the firm in 2014 and both deMarco and Tesoriero came on board in 2016.


Wilton, CT, January 11, 2017 – Altus Capital Partners, an investment firm focused on middle market manufacturing companies in the U.S., announced today the promotions of three key members of its investment team. Thomas R. Groh, based out of the Lincolnshire, IL office, was promoted to Partner, Nick A. deMarco was promoted to Vice President and Joshua M. Tesoriero was promoted to Senior Associate. Both Mr. deMarco and Mr. Tesoriero are based out of the Wilton, CT office.

Mr. Groh, who has worked with middle market manufacturing companies throughout his career, will continue his focus on new business development and deal generation. In addition, he will also participate in monitoring the firm’s investments and serve on Altus portfolio company boards. Prior to joining Altus in 2014, Mr. Groh was a Director at KPMG Corporate Finance, the middle market investment banking subsidiary of KPMG LLP, where he focused on M&A and strategic advisory engagements. Before that, Mr. Groh worked in investment banking at NatCity Investments, Inc. and in commercial banking at National City Bank (subsidiaries of National City Corporation, which was acquired by PNC Financial Services Group, Inc. in 2008).

Mr. Groh earned an MBA from the University of Chicago Booth School of Business, an MPA from the Indiana University Kelley School of Business, and a BBA from the Western Michigan University Haworth College of Business. He also serves on the Board of Prism Plastics, Inc.

As Vice President, Mr. deMarco will be responsible for sourcing, strategic analysis, market research, underwriting, due diligence, closing new investments and assisting in managing existing portfolios. Before joining Altus in 2016, Mr. deMarco was part of the investment teams at Pillsman Partners and The Beekman Group, where he focused on control investments in middle market businesses across a range of industries. Previously, he was an Assistant Vice President at GE Capital, where he spent six years leading growth equity, venture capital, and senior debt investments in the energy and manufacturing sectors. Prior to that, Mr. deMarco was part of GE’s Corporate Audit Staff where he focused on improving operations and processes across GE’s global industrial businesses. He started his career at GE Aircraft Engines where he had multiple operating roles in engineering, manufacturing, and finance.

A CFA Charterholder, Mr. deMarco earned an MBA with honors and distinction from Columbia Business School and a B.S. in Mechanical Engineering from MIT.
In his new role as Senior Associate, Mr. Tesoriero will support Altus’s investment activity with strategic analysis, market research, underwriting and due diligence. Prior to joining the firm in January 2016, he was part of the investment teams at Stone-Goff Partners and Afton Capital, where he focused on control investments in lower middle market businesses across a range of industries. Mr. Tesoriero began his career in a business strategy and analytics role with Morgan Stanley & Co.

Mr. Tesoriero holds an MBA and Master of International Affairs from Columbia University and an AB from Harvard University.
Gregory L. Greenberg, Senior Partner at Altus, said, “The promotions of Tom, Nick and Joshua are very well deserved. Their combined individual experiences, teamwork and professionalism in working with companies in Altus’ target market supports our goal of driving value. We look forward to their continued success as key members of the Altus team.”

About Altus Capital Partners
Altus Capital Partners is a private equity firm that makes control investments in middle market manufacturing businesses. We believe that our exclusive focus on manufacturing provides us with a unique understanding of the opportunities and challenges faced by companies in the sector. We utilize a patient, thoughtful investment approach and seek to partner with the management teams of our operating companies to achieve growth. With offices in Wilton, CT and Lincolnshire, IL, Altus Capital Partners has completed 15 platform investments and numerous accretive add on acquisitions since 2003. For more information, please visit