Irving Place Capital has added Walter Galvin to its team as a Senior Advisor. Mr. Galvin will work with the principals of Irving Place to execute value creation strategies at existing portfolio companies as well as pursue new investments in the industrial and packaging sectors. Mr. Galvin is an experience operating executive having spent 40 years with Emerson Electric.
Mr. Galvin held a number of senior roles during his time at Emerson, including Chief Financial Officer, Vice Chairman and finally as a Director of the Board from 2000 to 2013. During his time at the company, revenues increased from less than $1 billion to nearly $25 billion. Prior to joining Emerson, Mr. Galvin spent three years in the US Navy as a Lieutenant. Mr. Galvin currently serves on the Board of Directors of Ameren Corporation, Aegion Corporation and the US Chamber of Commerce.
“I have had the opportunity to develop a relationship with the principals at Irving Place Capital over the past several years and am delighted to be joining the firm,” said Mr. Galvin. “I look forward to working alongside the managers at our portfolio companies to help them deliver outstanding results.”
“We’re thrilled to welcome Walt to our team,” said Keith Zadourian, Partner at Irving Place Capital. “Walt brings a wealth of experience in building high-performance cultures and creating equity value from his long and distinguished career at Emerson. He will be a terrific partner to our management teams and his insights will facilitate exceptional performance at our companies.”
Irving Place Capital invests in buyouts, recapitalizations and growth capital opportunities. Since its formation in 1997, Irving Place Capital has been an investor in 60 portfolio companies, primarily in the industrial, packaging, consumer and retail sectors. The firm manages over $4 billion, including its current $2.7 billion institutional fund. Irving Place Capital is based in New York (www.irvingplacecapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-18-15
