Private Equity News & Analysis

DLJ opens Michigan office

The private equity arm of Credit Suisse calls the move a natural step as it targets the US Midwest’s industrial services sector.

By
Zoe Hughes
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DLJ Merchant Banking Partners has opened an office in Troy, Michigan to focus on the Midwest industrial services sector.

The New York-based private equity arm of Credit Suisse said in a statement John Janitz and Dominick Schiano would be based in the office. The pair were part of DLJ’s $440 million (€282 million) acquisition of specialty manufacturer RathGibson from Castle Harlan last year.

“The concentration of opportunities in the industrial sector in the Midwest and throughout the mid-section of the country makes opening this office a natural step for DLJMB,” said Janitz.

DLJ said it would focus on mid-market “control investments” of up to $200 million. Schiano added: “We believe that adding a hub in the Midwest from which to source transactions and manage portfolio company growth will significantly benefit DLJ’s business.”