Private equity firm Arsenal Capital Partners has appointed Frank Scrudato as chief financial officer and chief compliance officer.
Scrudato (pictured) was formerly chief financial officer and principal of Bruckmann, Rosser, Sherrill & Co (BRS).
Prior to BRS, he was a director in the transaction services practices of KPMG and Arthur Andersen. Scrudato also worked as the director of corporate development for Asbury Automotive Group.
Jeffrey Kovach, co-founder and partner of Arsenal, says: "Frank is a key addition to Arsenal's team who brings strong capabilities in managing the financial, operational and administrative aspects of a private equity firm. Frank's experience in middle market private equity will enable Arsenal to maintain its high compliance standards and to continue to adapt to the additional regulatory focus on our industry. His leadership ability and personality are an excellent fit with Arsenal's culture and values and we look forward to Frank playing a significant role as we continue to advance our firm."
Pilar Lorente, Arsenal's chief financial officer since 2006, will continue to assist the firm on an ongoing basis with finance and compliance projects. In addition, Lorente will advise small businesses and investment firms on finance and compliance issues.
