CEO - Power Grid Components, Inc. / Board Member
Rick McClure has 35 years of experience in the electric utility industry. During the last 25 years, Rick transformed Utiliserve, Inc., a small regional utility products distributor into the largest distributor serving the electric utility industry as a division of HD Supply. During this time, the business passed twice through private equity ownership and three times through publicly traded owners. Rick has extensive experience executing buy and build strategies having participated in the acquisition of 15 different companies. Rick has significant experience identifying, qualifying and assessing manufacturers of utility products. Most importantly, Rick has extensive industry relationships in the United States with distributors, utility customers, suppliers and reps which allow Power Grid to create a differentiated utility products business.
CFO - Power Grid Components, Inc.
Keith has over 20 years of senior leadership experience in manufacturing and distribution. For the last decade, Keith served as the Chief Financial Officer of Kele, Inc., a premier distributor of peripheral control products used in building automation systems. During this time, Keith also served other interim leadership positions in the areas of sales, marketing, and operations providing him with a unique perspective on business strategy. Keith has a proven track record in improving financial accuracy and reporting, tightening internal controls, reducing the time to report monthly financials and specializes in big data with an emphasis on data driven decisions.
President - Instrument Transformer Equipment Corporation / Board Member
Clinton Gehrmann has worked for more than 20 years in the electric industry serving in a variety of operational and managerial roles. During his career he has modernized and revamped a number of manufacturing facilities by implementing lean manufacturing techniques that increased throughput, improved quality, and improved profitability. He began his career in 1997 at Cooper Industries and moved to the Solomon Corporation in January 2004 as Plant Manager for their Texas Electric Cooperative Alliance business. In October of 2012, Clinton joined Eaton as Operations Manager for the Single-Phase Distribution Transformer Business Unit and was promoted in April of 2013 to Plant Manager. Clinton joined Instrument Transformer Equipment Corporation in April of 2016 as its President & General Manager and is responsible for all day to day operations of the company.
President - Newell-PSN, LLC / Board Member
Rick Stanley, President of Newell-PSN, LLC, is widely regarded as an industry expert and thought leader across the electrical insulator industry. Mr. Stanley has been a member of the National Electrical Manufacturers Association (“NEMA”) for over 10 years. As a member of NEMA, Mr. Stanley served at times as the Co-Chairman of the Insulator Section, was actively involved in IEC TAG TC36 and participated in various working groups. Additionally, Mr. Stanley has served in the past as a Representative and Co-Chair of the ANSI C-29 committee. Prior to his role at Newell-PSN, Mr. Stanley was the former President, Newell Porcelain Co. Inc.
Managing Partner - Shorehill Capital LLC / Chairman of the Board
Dave Hawkins is an established private equity investor with nearly 25 years of growth-orientated middle market investing experience. Dave started his career as a corporate lender and then progressed to private equity investing in April 1994. He has been active in all aspects of private equity investing including investment origination, evaluation, execution and portfolio company management. His investment efforts have been focused on industrial manufacturing, business service and value-added distribution companies where he has participated in over $5.7 billion of transactions. Working at the board of director’s level, he has helped guide middle market companies through various strategic initiatives including, but not limited to: (i) crafting growth strategies; (ii) improving operational efficiency through lean initiatives and cost cutting; (iii) finding and completing add-on acquisitions; (iv) raising third party debt and equity financing; (v) planning for management succession; (vi) managing significant litigation matters; (vii) improving financial reporting; (viii) transitioning family owned businesses to institutionally owned businesses; and (ix) organizing company boards, including audit and compensation committees.
David (Dave) Pacyna has worked for more than 35 years in the energy industry. He began his career in 1983 at Westinghouse Electric Corporation where he served in a variety of management and business development roles, working throughout the US, North & South America, Europe, the former Soviet Union, and the Middle East. In October 2002, he became President & CEO of Siemens Power Transmission & Distribution Inc. During his time at the helm of Siemens T&D, Dave led through a period of turnaround and subsequent transformational growth. Under his leadership the Siemens North American T&D business went from $250M in annual sales to $2.2B in 2012. Dave directed the addition of new business lines, the development of new products, and completed 5 acquisitions, transforming the company into one of the leading T&D technology and smart grid solution providers serving the North American market. In March 2013, Dave partnered with Falfurrias Capital Partners to make strategic investments in power transmission & distribution product companies serving the electric infrastructure industry. As CEO of North American T&D Group, Dave and his teams acquired Instrument Transformer Equipment Corporation (ITEC) and Advanced Control Systems (ACS). Dave currently sits on the board of The Hudson Renewable Energy Institute.
Castle Point Advisors, LLC / Board Member
Tom Smith has spent 35 years in the electrical products industry in a range of roles focused on business development, acquiring and integrating new businesses, proactive talent development, expanding internationally and successfully connecting strategic plans with tactical implementation. He first entered the industry with Siemens Energy & Automation as a sales engineer and progressed through various roles before joining Hubbell Incorporated in 1991 as the Vice President of Sales for the Ohio Brass Division. Over the subsequent few years Hubbell grew through a number of acquisitions to form Hubbell Power Systems Inc. of which Tom was appointed VP of Marketing & Sales in 1995 and Group President in 2001. Tom joined MacLean Power Systems in December of 2008 as its CEO and was appointed to the Board of the parent company, MacLean-Fogg Company. While on the Board Tom was a member of the Executive Compensation Committee. At the end of 2015, Tom stepped down from MacLean as part of a succession plan within the MacLean family. Since then he has developed an active consulting practice and also leads the Wake Forest University MBA Program in Charlotte, NC.