AE Industrial Partners (AEI) has added Kevin McAleenan to its team as an operating partner.
Mr. McAleenan most recently served as the acting secretary of the U.S. Department of Homeland Security from April 2019 through November 2019. As head of Homeland Security, he managed 240,000 employees in eight operational agencies including U.S. Customs and Border Protection, the U.S. Coast Guard, the Transportation Security Administration, and the U.S. Secret Service.
“I am pleased to join the AEI team and look forward to helping guide the firm and its portfolio companies as they look to support the U.S. government’s critical homeland and national security missions,” said Mr. McAleenan. “I have been impressed with AEI’s deep sector experience and am excited to join the team.”
“Kevin is regarded as one of the country’s leading experts on anti-terrorism and border security, and we are proud to welcome him to AE Industrial Partners,” said David Rowe, a managing partner of AEI. “Our portfolio companies will benefit from his deep knowledge of the goals and priorities of the U.S. government and national security, and we are confident that he will bring his expertise to bear across our growing portfolio.”
Before he led Homeland Security, Mr. McAleenan served as Commissioner of U.S. Customs and Border Protection where he led more than 60,000 employees and managed an annual budget of over $13 billion. Mr. McAleenan received his law degree from the University of Chicago and has his undergraduate degree from Amherst College.
Boca Raton-based AEI invests in the aerospace and defense, power generation, and specialty industrial sectors with a specific focus on technical manufacturing; distribution and supply chain management; maintenance, repair and overhaul; and industrial service-based businesses. Typical company targets will have from $50 million to $500 million of revenue. In July 2018, the firm held a final hard-cap closing of its second private equity fund, AE Industrial Partners Fund II LP, with $1.36 billion in commitments.
© 2020 Private Equity Professional | March 12, 2020