Arsenal Capital names CFO

Pilar Lorente is ending a seven year spell as the NY firm’s chief financial officer.

Arsenal Capital Partners, a New York-based private equity firm that invests in middle market specialty industrial and healthcare companies, appointed Frank Scrudato as chief financial officer and chief compliance officer.

He succeeds Pilar Lorente, who was Arsenal’s chief financial officer since 2006. Lorente will continue “to assist the firm on an ongoing basis with finance and compliance projects”, the firm said in a statement.

Prior to his appointment, Scrudato was chief financial officer of private equity mid-market firm Bruckmann, Rosser, Sherrill & Co, and before that a director in the transaction services practices of KPMG and Arthur Andersen.

Scrudato’s appointment will “enable Arsenal to maintain its high compliance standards and to continue to adapt to the additional regulatory focus on our industry,” said in a statement Arsenal co-founder Jeffrey Kovach.

The news follows a string of recent promotions at Arsenal. In late December the firm promoted Roy Seroussi to principal and Joseph Rooney to vice president.  In addition, Jessica Delfino was promoted to a senior associate.