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Scott Bartnick Joins Oceans Equity as Managing Partner - InforCapital

Oceans Equity appoints Scott Bartnick as Managing Partner, reuniting him with co-founder Josh Bilmes to co-lead the firm's growth.

AM
Alvaro de la Maza

Partner at Aninver

Key Takeaways

  • Sector: Business Services.
  • Geography: United States.

Analysis

Oceans Equity, a Miami-based private equity firm, has announced the appointment of Scott Bartnick as Managing Partner. In this role, Bartnick will co-lead the firm's operations, investment activities, and portfolio oversight alongside co-founder Josh Bilmes.

Bartnick brings extensive experience in sourcing and executing investments, particularly in the business services, consumer, and healthcare sectors. Prior to joining Oceans Equity, he served as a Managing Director at Boyne Capital, where he collaborated closely with management teams to drive both organic and acquisition-driven growth initiatives.

This appointment marks a reunion between Bartnick and Bilmes, who previously worked together at Boyne Capital from 2017 to 2023. During their tenure, they held parallel investment roles and were jointly promoted to principal in 2021. Bilmes departed in 2023 to establish Oceans Equity.

"I am excited and honored to join Oceans Equity at such a pivotal time," said Bartnick. "I have the utmost respect and appreciation for Josh as an investor and longtime friend. The momentum he has established at Oceans in its first year—securing commitments from top institutional investors, closing its first platform investment, and building a deep pipeline of actionable opportunities—has created an ideal environment for me to contribute to the firm's development and success. I look forward to working alongside Josh to accelerate the firm's growth, offering our capital partners differentiated and high-growth investment opportunities."

Bilmes expressed enthusiasm about Bartnick's addition to the leadership team. "The experience, expertise, and leadership Scott brings will be tremendous assets to the firm as we establish our platform," he said. "During our nearly 25 years of friendship and our extensive time working together as investors, we have developed a deep mutual respect and a shared vision that will underpin Oceans Equity's continued dedication to supporting and elevating our entrepreneur and executive partners."

Founded in 2024, Oceans Equity focuses on control investments in U.S.-headquartered service businesses and niche product companies with revenues ranging from $10 million to $100 million and EBITDA between $2 million and $12 million. To date, the firm has completed the acquisition of its first portfolio company, signed a purchase agreement for a second platform investment, and closed two add-on acquisitions to support the growth of its initial platform.

With Bartnick's appointment, Oceans Equity aims to leverage his expertise to further its mission of empowering business leaders and accelerating growth across its portfolio.