Founded in 1999, Heartland Partners is a private equity firm based in Greenwich, Connecticut that targets aerospace, industrial, and auto parts companies. The firm's investment strategy of buy, build, and grow suits the needs of the companies in its target sectors by allowing them to become a focal point for industry consolidation. The company also invests in chemicals, plastics, and metal working sectors. According to published reports, the firm was founded by former Reagan budget director David Stockman, Timothy Leuliette and Daniel Tredwell. In 2001, the firm completed fundraising for its first and only private equity fund with approximately $1.4 billion of investor commitments.