Superior Capital Adds MD

Superior Capital Partners, a Detroit, Mich.-based private equity firm, appointed of Scott Hauncher as a Managing Director. Hauncher joins Superior Capital from Long Point Capital.

Press release:

Superior Capital Partners LLC, a Detroit-based private equity investment fund dedicated to the acquisition of lower middle market companies in need of capital and operational improvement, is pleased to announce the appointment of Scott Hauncher as a Managing Director of the firm. Mr. Hauncher will be responsible for sourcing, executing and managing investments made by the firm. Mr. Hauncher joins Superior Capital after spending the last eleven years in the middle market private equity industry at Long Point Capital, a private equity fund with over $300 million of committed capital that invests in middle market manufacturing, distribution and service businesses.

Prior to joining Long Point, Mr. Hauncher worked for Salomon Brothers and for the Detroit office of Deloitte & Touche LLP. He received a bachelor’s degree with honors from the Wharton School of the University of Pennsylvania and received his M.B.A. from Northwestern’s Kellogg School of Management. Mark Carroll, Managing Partner of Superior Capital, commenting on the hiring of Mr. Hauncher, said, “We are excited to add Scott to our team at Superior Capital. Scott’s experience in the private equity industry will help us accelerate our ability to source and execute transactions and grow our business. I have known Scott for several years and am excited to have the chance to partner with him to build our firm.”

About Superior Capital Partners LLC

The strategy of Superior Capital Partners is to combine our capital, transaction experience and turnaround expertise with proven management teams who have the vision, capability and commitment to successfully improve and grow their businesses. Together, we seek to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. These companies will have annual revenues between $20 million and $200 million, hold strong market positions and have identifiable growth opportunities. The businesses in which we invest will generally be in transition, experiencing performance challenges or will be in need of balance sheet restructuring. We will invest up to $20 million of equity per transaction to facilitate management buyouts, corporate spin-offs, recapitalizations, family successions, acquisitions out of bankruptcy and debt purchases.

The Superior Fund has approximately $60 million of committed capital. The fund is managed by Superior Capital Partners LLC, an investment management company located in Detroit’s Guardian Building comprised of seasoned investment professionals. Members of the firm include William Campbell, William McKinley, Scott Reilly, Brian Demkowicz and Mark Carroll.