American Industrial Partners (AIP) has appointed Doug Chapple chief executive officer of its portfolio companies EnTrans International LLC and Polar Corporation effective immediately. EnTrans group holdings include Heil Trailer International, Kalyn Siebert, and ServaGroup (an oilfield equipment manufacturer).
Dino Cusumano, partner at AIP, said: “We are thrilled to partner with Doug at EnTrans and Polar. Doug is a very talented and experienced CEO with a multi-decade track record of success across numerous businesses in the industrial economy. Doug’s capabilities, skills, and experience are particularly well suited to EnTrans and Polar, and we all look forward to collaborating with him on this exciting endeavor.”
Chapple commented, “I am very excited to take on the leadership role at EnTrans and Polar. Each of these businesses has iconic brand names and strong market positions developed through decades of providing the highest quality products to their customers. I look forward to working with their dedicated employees to continue to grow these companies in the future.”
Chapple brings 40 years of leadership within positions in the industrial economy ranging across business functions, including sales, operations, production, marketing, new product development, Lean manufacturing and global sourcing.
He was CEO of cargo tank manufacturer The Walker Group from 2006 to 2013. Most recently, Chapple was CEO of Francis Drilling Fluids, LTD, where he led the business through a series of acquisitions and growth in the oil and gas services industry. He was also the CEO of Sarnamotive Bluewater Inc and GDX Automotive. Prior to that, he was a vice-president at Key Plastics Inc.
American Industrial Partners is an operationally oriented middle-market private equity firm that makes control investments in North American-based industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989.
To date, AIP has completed over 50 transactions and currently has more than $3.5 billion of assets under management. AIP invests in all forms of corporate divestitures, management buyouts, recapitalizations and going-private transactions of established businesses with revenues of $75 million to $1 billion.