North Castle's Eason dies at 45(2)

North Castle Partners managing director James Eason passed away last Friday.

James Eason, a managing director at North Castle Partners, has passed away at the age of 45.

James Eason

Eason helped North Castle founder Chip Baird raise the firm's first fund, and later joined the buyout firm as a managing director in 1998. He specialised in the finance and accounting aspects of evaluating potential investments.

He was especially involved in the firm's acquisitions of Red Door Spas, Naked Juice, Octane Fitness and nutritional product maker EAS.

Before joining North Castle, Eason was a partner at Ernst & Young, where he worked with Baird while the latter was a managing director at AEA Investors.

Eason's family asked that in lieu of flowers, donations be made to Augie's Quest, an organisation that supports the search for a cure for Lou Gehrig's disease. The group is led by Augie Nieto, an operating advisor to North Castle and chairman of Octane Fitness.

North Castle, based in Connecticut, is in the process of raising its fourth fund, which has a $300 million (€213 million) target.