LongRange names senior principal

Connecticut private equity firm LongRange Capital hired Michael Houy as senior principal.

Houy spent nearly a decade as an investment professional at KPS Capital Partners, where he focused on control equity investments in manufacturing and industrial companies. His previous role included identifying, evaluating, executing investments and then working with management teams to enhance operating performance.

“Michael has a great track record of sourcing, analyzing, structuring and managing private equity investments,” said Bob Berlin, managing partner at $1.5 billion LongRange Capital. “His focus and expertise in helping management teams add value to their companies reflects our mission and we are excited to have him supporting the continued growth and success of LongRange and its portfolio companies.”

Prior to LongRange, Houy was a partner at FC Crestone where he was responsible for co-managing the firm’s investment strategy of investing in operationally underperforming businesses.

LongRange Capital was formed in 2019 in Stamford, Connecticut with the aim of investing predominantly in private middle market businesses in fundamentally sound industries, including non-discretionary consumer, value-add industrials, and information-related and data-related services.

Officials say that the firm’s capital offers the flexibility to be either a majority or minority owner as well as a partner to corporations and other shareholders. LongRange eyes investments of between $50 million and $400 million from its committed fund and is interested in working with management teams to help drive business long-term growth and value creation.

Connecticut private equity firm LongRange Capital hired Michael Houy as senior principal.

Houy spent nearly a decade as an investment professional at KPS Capital Partners, where he focused on control equity investments in manufacturing and industrial companies. His previous role included identifying, evaluating, executing investments and then working with management teams to enhance operating performance.

“Michael has a great track record of sourcing, analyzing, structuring and managing private equity investments,” said Bob Berlin, managing partner at $1.5 billion LongRange Capital. “His focus and expertise in helping management teams add value to their companies reflects our mission and we are excited to have him supporting the continued growth and success of LongRange and its portfolio companies.”

Prior to LongRange, Houy was a partner at FC Crestone where he was responsible for co-managing the firm’s investment strategy of investing in operationally underperforming businesses.

LongRange Capital was formed in 2019 in Stamford, Connecticut with the aim of investing predominantly in private middle market businesses in fundamentally sound industries, including non-discretionary consumer, value-add industrials, and information-related and data-related services.

Officials say that the firm’s capital offers the flexibility to be either a majority or minority owner as well as a partner to corporations and other shareholders. LongRange eyes investments of between $50 million and $400 million from its committed fund and is interested in working with management teams to help drive business long-term growth and value creation.

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