New York-based middle market private equity firm Harvest Partners has opened an office in Palo Alto, California. Andrew Schoenthal, managing director at the firm, has been named to lead its West Coast business.
Palo Alto, CA – April 6, 2015 – Harvest Partners, a leading New York-based middle market private equity firm, today announced the opening of its Palo Alto office as part of an overall strategy to increase its investment activity and relationships across the western United States with intermediaries, executives and limited partners.
Founded in 1981, Harvest Partners currently manages approximately $2 billion of equity and structured capital. The Firm is currently investing its sixth private equity fund which targets leading middle market businesses in North America. In addition, Harvest Partners recently announced the formation of Harvest Partners SCF, LP (“HP SCF”) a private investment advisor that provides structured equity and junior debt solutions to business owners. Harvest’s various investment funds target investments in companies with $20-$75 million of EBITDA and total value of $100-$750 million.
Andrew Schoenthal, Managing Director, who joined Harvest Partners nearly 10 years ago, will spearhead the Firm’s West Coast expansion. Andrew brings twenty years of middle market private equity and mergers & acquisitions experience having previously worked at Charlesbank Capital Partners, JH Whitney and Morgan Stanley between 1995 and 2005.
Commenting on the West Coast office, Thomas Arenz, Senior Managing Director at Harvest Partners said, “We are excited to have the opportunity to expand our business and geographic reach. Andy is a great ambassador for the Firm and one of our most trusted and commercial colleagues.”
Harvest Partner’s investment strategy on the West Coast will remain unchanged – focused on management-led buyouts and recapitalizations of established, cash generating, and well-managed middle market companies in 4 core verticals: Industrial & Energy Services, Manufacturing & Distribution, Consumer & Business Services, and Healthcare Services.
Arenz added, “Harvest Partners has created a long track record of successful investments in the middle market. We believe a West Coast presence will further enhance our ability to connect with executives and business owners with whom we partner.”
Harvest Partners is a leading private equity firm with approximately $2 billion of capital under management. For more information on Harvest Partners, please visit our website at www.harvestpartners.com