private industry private equity founded 1999 founder david stockman timothy d. leuliette daniel p. tredwell headquarters new york new york united states products leveraged buyout growth capital total assets 1.4 billion website www.heartlandpartners.com heartland industrial partners is a private equity firm focused on industry consolidation and growth capital investments in middle market industrial companies . the firm which is based in stamford connecticut was founded in 1999 and is no longer actively investing . contents 1 history 1.1 collins & aikman 2 references 3 external links history edit the firm was founded in 1999 by former reagan budget director david stockman timothy leuliette and daniel tredwell 1 2 in 2001 the firm completed fundraising for its first and only private equity fund with approximately 1.4 billion of investor commitments . 3 collins & aikman edit in 2005 it was reported that stockman handed control of the fund heartland industrial partners over to his partners following his resignation as chairman of collins & aikman which was a major investment for the fund that ended in bankruptcy . 4 on march 26 2007 federal prosecutors in manhattan indicted stockman in a scheme ... to defraud collins & aikman s investors banks and creditors by manipulating c & a s reported revenues and earnings . at the same time the securities and exchange commission brought civil charges against stockman related to actions he took while ceo of collins & aikman . 5 stockman suffered a personal financial loss estimated at 13 million along with losses suffered by as many as 15 000 collins & aikman employees worldwide . stockman said in a statement posted on his law firm s web site that the company s collapse was the consequence of an industry melt down not fraud . 6 in august 2008 a trial date was set 7 but on january 9 2009 the u.s. attorney s office announced that it did not intend to prosecute stockman in this case . other investments in the heartland portfolio included auto parts suppliers metaldyne 8 and trimas as well as springs industries 9 a manufacturer of home furnishings . references edit stockman forming own buyout concern . new york times september 17 1999 collins & aikman seeks to emerge from bankruptcy bloomberg news article by jeff bennett appearing in the advocate of stamford and identical version perhaps with changes by the local editor in the common business section for both papers in the greenwich time on september 5 2006 page a7 the advocate firm of reagan adviser raises 1.4 billion fund . new york times december 11 2001 a reagan budget czar grapples with investment woes . new york times may 25 2005 stockman outsmarts self in detroit by doron levin . bloomberg march 29 2007 ex collins chief david stockman charged with fraud . bloomberg march 26 2007 suits ; stockman update . new york times august 31 2008 heartland forges metaldyne . heartland industrial partners lp metaldyne corp. . automotive news january 29 2001 springs industries a maker of sheets to go private . new york times april 26 2001 heartland industrial partners to buy simpson industries . autoparts report october 2 2000 producing gold in the rust belt . automotive manufacturing & production march 2001 external links edit heartland industrial partners company website v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies retrieved from https en.wikipedia.org w index.php title heartland industrial partners & oldid 647096491 categories private equity firms of the united statesfinancial services companies established in 1999companies based in new york city navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 14 february 2015 at 13 12 . text is available under the creative commons attribution sharealike license ; 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