Texas-based CenterOak Partners has hired three new people for the investment and operations teams. CenterOak makes control investments in middle market companies.
Jeff Moredock joins the firm from Brazos Private Equity and will serve as a vice president on the investment team.
Megan Kneipp joins from Credit Suisse’s private bank unit and will serve as a vice president for business development and investor relations.
Casey Gribble joins the firm from the investment banking group at Credit Suisse and will work on investment and monitoring activities.
CenterOak was launched in September 2014 by a handful of former Brazos executives – Randall Fojtasek, former co-Founder and co-chief executive officer of Brazos Private Equity Partners; Michael Salim; Lucas Cutler; Jason Sutherland and William Henry, as PEI reported at the time.
Brazos announced in March that they were not raising another fund and would wind down the remaining portfolio. The investment period for the firm’s third fund which closed on $715 million in 2008, ended in July.
CenterOak will be focused on making investments of approximately $20-50 million of equity, focusing on companies in the industrial growth, consumer and business services sectors.