North Castle Partners Promotes Three as Founder Moves to Chairman

North Castle Partners, a private equity firm prioritizing investments in consumer businesses that promote healthy, active and sustainable living, announced a number of promotions, including Roy Chin to partner, John McMahon to principal and Bobby Hally to vice president.

Additionally, North Castle’s founder, Charles F. (Chip) Baird, Jr., will transition from co-managing partner to chairman of the firm. As chairman, Baird will continue to serve on North Castle’s Investment Committees and Portfolio Company Boards of Directors providing strategic guidance and insights to the North Castle team and North Castle’s family of portfolio companies.

Roy Chin, who joined North Castle in 2014, has focused on the execution and due diligence of new investment opportunities across a variety of Healthy, Active, and Sustainable Living sectors with emphasis on nutritional supplements, consumer health, and pet wellness categories. Chin currently sits on the Board of Directors of BlueRoot Health, Encore Vet Group, EVG Specialty Network, and Mack Weldon and oversees North Castle’s investment in Full Swing, Echelon, and Genexa.

The company said Chin’s promotion to partner exemplifies the journey of a private equity professional growing to a trusted leader of the firm with the dedication, entrepreneurial spirit, insights, and experience to bolster North Castle’s ability to partner with its portfolio companies and investors.

John McMahon, who joined the firm in 2019, is said to be an integral part of the North Castle partnership model with our Portfolio investments and currently manages the Firm’s investments in Encore Vet Group, EVG Specialty Network, and BlueRoot Health, and sits on the Board of Directors of CR Fitness and Sparx Hockey. McMahon has also been actively involved in the execution and due diligence of new investment opportunities across a variety of Healthy, Active, and Sustainable Living sectors.

North Castle said McMahon’s promotion to principal reflects his entrepreneurial spirit as he expands North Castle’s expertise in Sports and Recreation into the high growth Youth Sports and Enthusiast Brands space.

Bobby Hally joined the firm in 2021 and is actively involved in the execution and due diligence of new investment opportunities across a variety of Healthy, Active, and Sustainable Living sectors. Hally’s promotion to vice president is said to reflect his contributions to the value creation of several North Castle investments including Five Iron Golf, WellnessSpace Brands, Therabody, The Escape Game, Sparx Hockey, Mack Weldon and CR Fitness, where he is a member of the Board.

“It is rewarding to watch these professionals achieve new levels of responsibility and professional success. Roy, John, and Bobby all joined the firm as Associates and have proven themselves over their careers as stewards of North Castle’s Value & Values approach. We are excited to support their continued growth as we execute new investments and optimize and exit our current ones in the years ahead,” said North Castle’s Managing Partner, Jon Canarick.

North Castle’s current and prior portfolio includes brands such as Therabody, Crunch Fitness (franchisee), The Escape Game, Five Iron Golf, SLT, Barry’s, Wellness Space Brands (HydroMassage), Nest and Glow Recipe.

Image courtesy Therabody