Lance Hirt and Jaime Buehl-Reichard, former executives of Lindsay Goldberg, have launched New York-based private equity firm Stonecourt Capital LP. Hirt, formerly a partner at Lindsay Goldberg, will be Managing Partner of Stonecourt, while Buehl-Richard, an ex-MD at Lindsay Goldberg, will be co-founding partner. PetroLogistics’ Partners David Lumpkins and Nathan Ticatch are also joining Stonecourt. Debevoise & Plimpton LLP is acting as legal advisor to Stonecourt.
NEW YORK, May 10, 2016 /PRNewswire/ — Stonecourt Capital LP (“Stonecourt”) today announced its launch as a private equity firm focused on transformational investments across a range of industries. Recently established by Lance Hirt and Jaime Buehl-Reichard, in partnership with David Lumpkins and Nathan Ticatch of PetroLogistics Company LLC (“PetroLogistics”), Stonecourt will opportunistically capitalize on market dislocations by facilitating the growth of existing businesses and constructing or repositioning hard assets. The firm will be headquartered in New York City with offices in Houston and Cleveland.
Stonecourt’s leadership team has worked together for more than 12 years to transform companies across multiple industries, including logistics and distribution, petrochemicals, industrial services, consumer products and midstream energy. Leveraging deep financial acumen, established operational expertise and strong industry relationships, Stonecourt’s partners have achieved a strong record identifying opportunities and working to develop them into industry-leading businesses. Lance Hirt, who was a Managing Director at Morgan Stanley before spending 13 years as a Partner at private equity firm Lindsay Goldberg, will lead the new firm as its Managing Partner. Jaime Buehl-Reichard, who also spent more than a decade at Lindsay Goldberg, most recently as a Managing Director, will be a Co-Founding Partner. They are joined by PetroLogistics’ Partners David Lumpkins and Nathan Ticatch, Co-Founders of both PL Midstream and PetroLogistics L.P.
“We are excited to launch Stonecourt and confident that our experience and know-how will enable us to capitalize on secular changes in the North American business environment,” said Mr. Hirt. “We believe this is an opportune time to facilitate the transformative growth of proven businesses and to fund capital projects for the development of essential manufacturing and logistics assets. Thanks to our partnership with PetroLogistics and our team’s collective expertise, we are distinctly positioned to identify and efficiently execute upon these opportunities.”
“We are pleased to continue our long-term working relationship with Lance and Jaime,” said David Lumpkins. “Our collective vision and project development expertise will enable us to capitalize on the current market dynamics to pursue a differentiated set of opportunities and build great businesses.”
Debevoise & Plimpton LLP is acting as legal advisor to Stonecourt.
About Stonecourt Capital
Stonecourt Capital is a private equity firm focused on transformational investments across a range of industries. The firm is headquartered in New York City, with offices in Houston and Cleveland, and was founded in 2016.