Genstar continues to bolster staff

Middle-market buyout firm Genstar Capital has expanded its team of operating partners with the appointment of CD&R alum Edmund Carpenter.

San Francisco-based Genstar Capital has hired Edmund Carpenter as an operating partner. He will work to enhance operations of the private equity firm’s industrial technology portfolio companies.

“As a former CEO of several major corporations, he knows what is required to transform a business and to build a healthy and growing organizationorganisation,” said Jean-Pierre Conte, Genstar’s chairman and managing director, in a statement.

 

Edmund Carpenter

Carpenter has 40-some years of pertinent experience.

For the past nine years, he was the chief executive officer of Bristol, Connecticut-based Barnes Group, an international manufacturer of precision metal components and industrial supply distributor. Before joining Barnes Group, Carpenter spent two years as a senior managing director at US buyout firm Clayton, Dubilier & Rice. His experience also includes a seven-year stint as chairman and chief executive at Stamford, Connecticut-based General Signal, a manufacturer of industrial products.

At Genstar, Carpenter joins Mark Hanson, a former software industry executive who was hired as an operating partner last year. Hanson leads the firm’s strategy with regards to the information services sector.

The 19-year old Genstar closed Genstar Capital Partners IV on $475 million in 2004. Its most recent transactions were the $228 million proposed acquisition of Aluminum Corporation, a maker of commercial and residential aluminium products, and the purchase of OnCURE Medical, a Newport Beach, California, operator centers offering radiation treatment alternatives.

Genstar currently manages more than $900 million in capital. The firm invests in the healthcare services, business services, life sciences, and industrial technology sectors.