PE-owned Indiana Limestone names new CEO

Indiana Limestone Company, a portfolio company of Wynnchurch Capital, has hired Tom Quigley as the CEO. Previously, Quigley was a general manager at Owens Corning. Indiana Limestone is a a limestone quarrier and fabricator.

PRESS RELEASE

OOLITIC, Ind., June 10, 2014 /PRNewswire/ — Wynnchurch Capital has selected Tom Quigley as the next chief executive officer of Indiana Limestone Company.
“We chose Tom because of his twenty-five years in the building products industry. Over that time he has demonstrated expertise in organizational and leadership skills that translates to growth in market share and overall success,” said Terry M. Theodore, partner of Wynnchurch Capital.
“It is an honor to join Indiana Limestone Company, a century-old organization with a great heritage that has built a strong reputation in the marketplace for its unwavering commitment to product quality. I look forward to building upon that heritage as we continue to focus on creating value for our customers,” said Quigley.
Quigley is a recognized executive leader with experience in growing companies and delivering innovative solutions and systems that drive shareholder value. Most recently with Owens Corning, Quigley was General Manager overseeing a $600M division, 2100 employees and 10 manufacturing plants in the U.S and Canada and led the business through one of the most challenging environments given the downturn in housing. He was credited with growing market share in North America and developing a sustainable product platform that was one of the largest in the company’s history. Prior to Owens Corning, Quigley held executive positions with a variety of Fortune 500 companies including United Technologies and Ingersoll Rand.
Founded in 1926, Indiana Limestone Company is a fully integrated supplier of Indiana limestone, from raw block and slab to finished dimensional cut stone and standard building products. Located in the heart of one of the world’s richest limestone deposits, it is the largest limestone quarrier and fabricator in the United States. This has enabled the company to supply architects and designers material for the most prestigious and award-winning works of American architecture, including the Empire State Building, 15 Central Parke West, Procter & Gamble World Headquarters, Washington National Cathedral and 35 of 50 state capitol buildings.
Wynnchurch Capital purchased the assets of Indiana Limestone Company in May of this year. They are a leading value-oriented, operationally-focused private equity firm that specializes in complex transactions in the U.S. and Canada. They invest in companies headquartered in North America with a leading market position and sustainable competitive advantage.

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