NEW YORK--(BUSINESS WIRE)--Court Square Capital Partners (Court Square), a middle market-focused private equity firm, today announced the details of a succession plan designed to lead the firm for the foreseeable future. As part of the leadership transition, Managing Partner Chris Bloise was appointed President of the firm, while Managing Partner, Joe Silvestri, was appointed Chairman of the Investment Committee.
In addition, the firm promoted David Nguyen to join John Weber as Co-Heads of the Healthcare Sector and Jeff Vogel as Head of the Technology Sector. Kevin White was also promoted to Managing Partner and will join Mike Delaney as Co-Heads of the Business Services Sector. Mike Delaney and Dave Thomas will continue to support the firm in their new role as Senior Partners while continuing to serve as members of the Investment Committee.
The leadership transition is part of Court Square’s long-term leadership plan designed to ensure the continued stability and success of the firm. The veteran leadership team has invested together on average for over twenty-five years and successfully led the firm through multiple business cycles and economic disruptions.
“I look forward to assuming the role of President and continuing to work with a very talented and experienced group of Managing Partners as we drive the firm forward to continued success,” said Chris Bloise, President at Court Square.
Court Square was co-founded by Mike Delaney, Dave Thomas, and Joe Silvestri in 2006 when they led the spinoff of the team from Citigroup. “We are very proud of how the firm has prospered and the team’s successful track record and look forward to our continued role at Court Square going forward,” said Mike Delaney and Dave Thomas, Senior Partners at Court Square.
“These changes are a natural evolution in the leadership of the firm and are reflective of the transitions that have largely been underway for several years,” said Joe Silvestri, Managing Partner at Court Square.
Court Square has a proven track-record of backing and investing in founder-owned companies in the U.S. middle market. Across its last two funds, 75% of the firm’s investments were founder, family, or management-owned companies at the time of investment.
Over the past year, Court Square has been an active market participant. In July, the firm acquired West Coast Dental, a founder-owned dental practice management company. In March, Court Square completed the acquisition of Power Digital, a leading founder-led digital performance marketing agency. Furthermore, in December 2021, the firm acquired a majority stake from the founder of GoEngineer, a provider of 3D design and additive manufacturing software.
About Court Square
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, Court Square has completed over 245 platform investments, helping managers, families, and founder-owners to develop their companies into leaders in their respective markets. Court Square invests in companies that have compelling growth potential in the business services, industrial, healthcare and tech and telecom sectors. Court Square has $7.6 billion of assets under management and is based in New York, N.Y.