CAI Private Equity has appointed Allan Weinstein as a managing partner.
Weinstein will lead the firm’s US investment effort, which is focused on energy and utility services, business and financial services, specialty/niche manufacturing, aerospace and healthcare. He will be based in CAI’s New York office.
Tracey McVicar, managing partner, says: "I’m particularly pleased to welcome Allan into our partnership and look forward to collaborating with him to grow the firm for the next generation."
With nearly 18 years of experience in private equity investing, Weinstein most recently served as managing director at Lincolnshire Management, a middle market private equity firm. He led investment transactions with favourable returns and held board positions in portfolio companies: Allison Marine Holdings, Phoenix Brands, Wabash National Corporation, Bankruptcy Management Solutions, Prince Sports, and Riddell Sports, among others.
During this time, Weinstein also served as interim, full-time chief financial officer during the dramatic turnaround of Credentials Services International, a Lincolnshire portfolio company.
Prior to Lincolnshire, Weinstein was a senior credit analyst for Fleet Bank.
"CAI has an impressive track record in the middle-market particularly in the utility-services, energy, specialty manufacturing, healthcare, aerospace, and business and financial services segments," says Weinstein. "I expect the combination of my experience in the middle-market, CAI’s strong foundation, experienced professionals and our focus on building the business, particularly by investing in middle-market companies with EBITDA in excess of USD5m, will yield impressive results."