Pine Island Capital Partners has named David Wajsgras and Matthew Levine as partners. Recently, Wajsgras was served as president of the Intelligence, Information and Services business at Raytheon Company, now part of Raytheon Technologies. And, Levine was a partner at EQT Partners.
Fort Lauderdale, FL January 28, 2021 – Pine Island Capital Partners (“Pine Island”), a private investment firm that offers a differentiated approach to investing in the middle market, today announced that it has expanded its team with the appointment of David Wajsgras and Matthew Levine as partners. Both of them will also serve on the firm’s investment committee.
Mr. Wajsgras most recently served as president of the Intelligence, Information and Services (IIS) business at Raytheon Company, now part of Raytheon Technologies (NYSE: RTX). He brings with him 20 years of experience at the senior executive management level in the aerospace and defense industries. Mr. Levine is a seasoned investment leader and former partner at EQT Partners (STO: EQT) who has more than 20 years’ experience across all aspects of private equity investing.
About David Wajsgras:
David Wajsgras has 20 years of experience at the senior executive management level, providing operational, strategic and financial leadership in both the commercial and defense industries. Wajsgras most recently served as president of the Intelligence, Information and Services (IIS) business at former defense industry leader, Raytheon Company, now part of Raytheon Technologies. The IIS business delivers world class systems and solutions in defense, intelligence, space, cybersecurity and training. While president of IIS, Wajsgras increased sales, outpacing industry growth rates, and significantly improved profitability and margins through focused pricing strategies, cost reduction initiatives, and successful executing a digital transformation strategy for program execution.
Previously, Wajsgras was Senior Vice President and CFO at Raytheon and led the company’s overall financial and mergers and acquisitions strategy. Raytheon provides state-of-the-art electronics, mission systems integration, command and control products and services, sensing, effects, and mission support. Before joining Raytheon, he was Executive Vice President and CFO at Lear Corporation, in addition to having direct profit and loss responsibility for the manufacturing division.
In 2019 and 2020, WashingtonExec named Wajsgras to its top 25 list of executives for leading change in uncertain times, in addition to naming him Intelligence Industry Executive of the Year in 2019. Wajsgras has appeared on Executive Mosaic’s Wash100 list of influential leaders in government contracting for six consecutive years, and was selected as Federal Computer Week’s prestigious Industry Eagle Award winner in 2018. As Raytheon’s CFO, he was named one of the Wall Street Journal’s 25 Best CFOs among larger companies.
Mr. Wajsgras currently serves on the Board of Directors for Parsons Corporation (NYSE: PSN), Martin Marietta Materials, Inc. (NYSE: MLM), Dreamscape Immersive and Altamira Technologies Corporation. He earned his BS at the University of Maryland and an MBA from American University.
About Matthew Levine:
Matthew Levine was previously a Partner at EQT Partners a global investment firm with over €52 billion in assets under management, and served on the Investment Committee of the EQT US Mid-Market Fund. Mr. Levine’s responsibilities spanned all aspects of the investment function, including acting as a co-lead to the fundraise of a ~$700 Million fund, hiring the local investment team, developing and executing the go-to-market strategy and building a network of executives to drive a differentiated deal sourcing, due diligence and value creation platform. Mr. Levine’s investment activity focused on long-term sustainable business models with significant growth dynamics, including software, industrial technology and tech-enabled services, culminating in the investments of Dorner, Innovyze and FocusVision. Prior to joining EQT, Mr. Levine spent 15 years with American Securities, a US private equity firm with over $23 billion in assets under management. Prior to American Securities, Mr. Levine was in the Financial Entrepreneurs Group at Salomon Smith Barney.
Mr. Levine holds a BS in Economics, cum laude, from the University of Pennsylvania’s Wharton School of Business and an MBA, with honors, from Columbia University.
About Pine Island Capital Partners:
Pine Island has combined an experienced investment team with a group of accomplished former senior government, military officials, and business leaders. Each member of the team actively participates in sourcing deals, conducting analyses, winning bids, closing transactions, and directly advising the companies in which Pine Island invests. The firm believes the extensive leadership, investing, and industry expertise of its partners enables it to employ a differentiated approach to middle market investing. In addition to the firm’s traditional private equity work, it successfully launched a SPAC in late 2020.