CCMP Capital Advisors has appointed Doug Cahill as a managing director based in the firm’s New York office. Since May 2013, Cahill has served as executive advisor for CCMP.
CCMP Capital Advisors, LLC today announced that Doug Cahill has been appointed a Managing Director based in the firm’s New York office. Since May 2013, Mr. Cahill has served as Executive Advisor for CCMP, where he has assisted CCMP’s investment team with sourcing deals and creating value in portfolio companies including the firm’s most recent investments in Jamieson Laboratories and The Hillman Companies. He is the Chairman of Jamieson Laboratories, the Chairman of The Hillman Companies and a Director of Ollie’s Bargain Outlet. As a Managing Director, Mr. Cahill will be responsible for sourcing new investment opportunities in the consumer/retail and industrial sectors as well as developing and executing on value creation and growth plans in partnership with management teams.
“With a career spanning more than 25 years, Doug brings his rich operational and leadership experience and an exceptional track record of helping consumer/retail and industrial companies capture growth opportunities,” said Greg Brenneman, Chairman of CCMP. “Doug has been a tremendous asset to CCMP, and we look forward to his many future contributions as we support the growth of our portfolio companies and pursue new investments.”
Mr. Cahill added, “I have been involved with CCMP since 1997 when I was President and CEO of former portfolio company Doane Pet Care. The firm has an outstanding team of operational and financial experts who know how to partner with founders, entrepreneurs and management teams to create value in their companies by driving top-line growth and operational enhancement. I am excited to have the chance to work with CCMP on a more formal, full-time basis.”
Mr. Cahill has over 25 years of experience growing consumer-focused and industrial companies, and served as President and Chief Executive Officer of Oreck, the Nashville-based manufacturer of upright vacuums and cleaning products, from 2010 until March 2013. Prior to joining Oreck, Mr. Cahill served as President and Chief Executive Officer of Doane Pet Care Company, a private label manufacturer of pet food and former portfolio company managed by CCMP. Under his leadership, Doane’s sales more than tripled through organic growth and acquisitions, and the company was transformed from a regional private label pet food manufacturer to a leading global pet food supplier with 37 plants in the United States and Europe. In 2005, Mr. Cahill led the sale of Doane to the Ontario Teachers’ Pension Fund for $875 million and in 2006, Mr. Cahill spearheaded the company’s sale to Mars Incorporated for $1.2 billion, retaining leadership through both transactions. As part of Mars, Mr. Cahill grew the U.S. Petcare business from $1.7 billion to $4 billion in three years.
Prior to joining Doane in 1997, Mr. Cahill spent 13 years at Olin Corporation, a diversified manufacturer of metal and chemicals, where he served in a variety of managerial and executive roles. During his tenure as Worldwide General Manager of Olin’s pool chemical business, Mr. Cahill led the company through a dramatic growth period, turning around a business that was losing $3 million per month to a business with $60 million in EBITDA in only two years. While at Olin, Mr. Cahill also successfully negotiated a settlement with the Federal Trade Commission, which contributed to the revolution of the global pool chemical industry.
In January 2009, Mr. Cahill, 54, was appointed an Advisor to Mars Incorporated. Mr. Cahill serves as a Board Member for Junior Achievement of Middle Tennessee and Vanderbilt University’s Owen Graduate School of Management. Mr. Cahill has a Bachelor of Science degree from Bowling Green University.
About CCMP Capital
CCMP Capital Advisors, LLC (“CCMP”) specializes in middle market buyouts and growth equity investments of $100 million to $500 million in North America and Europe. CCMP focuses on generating alpha through the operational transformation of its portfolio companies. With offices in New York, Houston and London, CCMP invests in four primary industries: Consumer/Retail, Industrial, Energy and Healthcare. Selected investments under management include: ARAMARK Corporation, Chaparral Energy, The Hillman Group, Infogroup, Jamieson Laboratories, Jetro Cash & Carry, LHP Hospital Group, Milacron, Newark Energy, Ollie’s Bargain Outlet and Pure Gym.
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Sard Verbinnen & Co.
Andrew Cole/Alexandra LaManna
Tel: (212) 687-8080
Sard Verbinnen & Co
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