Blue Point Capital hires Red Ventures exec as principal

Blue Point Capital Partners has hired Brian Castleberry as a principal in the Charlotte office. He was most recently a vice president at Red Ventures. He previously worked as a vice president at Blue Point. The firm also promoted Jeff Robich and Ben Newman to vice president roles.

Press Release

Blue Point Capital Partners is pleased to announce the addition of a principal in Charlotte and the promotion of two of its Cleveland professionals.

Brian Castleberry is rejoining Blue Point as a principal in Charlotte and was previously a vice president with the firm. Most recently, Castleberry was a vice president at Red Ventures, a leading digital marketing services firm, where he led that company’s predictive analytics and advanced digital marketing teams. His background also includes time with HOPE International in Brazzaville, Congo, and Harris Williams & Co., where he specialized in mergers and acquisitions. Castleberry graduated from Washington and Lee University with a Bachelor of Arts in economics and mathematics.

“In addition to sourcing and executing investments at Blue Point, Brian will take a lead role in building digital marketing, ecommerce and predictive analytics capabilities that will be used to assist our portfolio companies in driving growth,” said Juli Marley, a partner with Blue Point. “We are pleased to welcome him back to the group.”

Jeff Robich has been promoted to vice president. Prior to rejoining the group in 2013, he worked with Valley Forge Private Equity, Inc. in Philadelphia, PA. Robich was previously with Blue Point from 2005 through 2008 and also worked as an investment banking analyst at Societe Generale in New York.

Ben Newman has also been promoted to vice president. Before joining the group in 2010, he was an investment banking associate in the mergers and acquisitions group at Duff & Phelps Securities in Chicago.

John LeMay, also a partner with Blue Point, added, “Jeff and Ben have been an important part of our success in recent years, helping to identify and assess investments and then working with our management partners to build great companies. We are pleased to recognize their contributions.”

Blue Point Capital Partners (www.bluepointcapital.com) is a private equity firm managing over $800 million in committed capital. Leveraging offices in Charlotte, Cleveland, Seattle and Shanghai, Blue Point’s entrenched regional presence affords it the opportunity to establish relationships on a local and regional basis with entrepreneurs and their trusted advisors, while simultaneously providing the resources of a large, international firm. The Blue Point group has a 25-year track record of partnering with companies in the lower middle market where it can bring about accelerated growth and transformative change in partnership with its companies, their management teams and Blue Point’s network of operating resources. Blue Point is one of only a few middle-market private equity firms with a presence in the economies of both the United States and China, and the firm’s experience with cross-border management and value drivers provides a distinct advantage for its portfolio businesses. Blue Point invests in manufacturing, distribution and service businesses generating $20 million to $200 million in revenue.