Irving Place Capital said Thursday that it named Walter J. Galvin a Senior Advisor. Galvin previously spent 40 years with Emerson Electric Co., serving in a variety of senior executive roles, including CFO and Vice Chairman.
NEW YORK – September 10, 2015 – Irving Place Capital, a middle-market private equity firm, announced today that it has appointed Walter J. Galvin as a Senior Advisor. Mr. Galvin will work closely with the principals of Irving Place Capital to execute value creation strategies at existing portfolio companies as well as pursue new investments in the industrial and packaging sectors.
Mr. Galvin previously spent 40 years with Emerson Electric Co., a diversified global manufacturing leader in the industrial, commercial and consumer markets. Mr. Galvin served in a variety of senior executive roles during his tenure, 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 U.S. Navy as a Lieutenant. Mr. Galvin currently serves on the Board of Directors of Ameren Corporation, Aegion Corporation and the U.S. 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.”
About Irving Place Capital
Since its founding in 1997, IPC has invested in over 60 portfolio companies, primarily in the industrial, packaging, consumer and retail sectors. IPC has successfully executed a broad range of transactions, including buyouts, recapitalizations, build-ups, corporate divestitures, take-privates and distressed-to-control situations. IPC generally seeks to invest in companies headquartered in North America or W