Irving Place Capital Name O’Grady, McLain Advisors

C. Thomas O’Grady and Michael McLain have been named senior advisors at middle-market private equity firm Irving Place Capital. They will help the firm identify and pursue investments in branded industrial products companies. O’Grady served as previously as Senior Vice President, Business Development at Cooper Industries. McLain has worked with Irving Place Capital in various partnership capacities since 2004. He was previously the CEO of Aearo Technologies Inc., a manufacturer of safety equipment for industrial and consumer markets.

PRESS RELEASE

Irving Place Capital, a middle-market private equity firm, announced today that it has appointed C. Thomas O’Grady and Michael A. McLain as Senior Advisors for the firm’s industrial practice.  Messrs. O’Grady and McLain will work closely with Irving Place Capital to identify, evaluate, and pursue new investments in branded industrial products companies and to build value within such companies.

Prior to joining Irving Place Capital, Mr. O’Grady served as Senior Vice President, Business Development at Cooper Industries plc, a position he held since 2005.  He joined Cooper from Roper Industries, Inc. where he served as Vice President, Mergers and Acquisitions.  At both Cooper and Roper, Mr. O’Grady played instrumental roles developing transformative and value-enhancing acquisition strategies.  He currently serves as a Director of Thermadyne Holdings Corporation, an Irving Place Capital portfolio company.

Douglas R. Korn, Senior Managing Director of Irving Place Capital, commented, “Tom has an impressive background in corporate development.  His insight and expertise will help us execute our focused, proactive strategy.”

Mr. McLain has worked with Irving Place Capital in various partnership capacities since 2004. He was previously the CEO of Aearo Technologies Inc., a manufacturer of safety equipment for industrial and consumer markets.  During his tenure with Aearo from 1998 to 2008, Mr. McLain helped drive more than $1 billion of value creation for three private equity firms before selling the company to 3M Company.  Prior to Aearo, he spent more than 25 years working for branded consumer products companies, including as President and CEO of DowBrands, Inc.  Mr. McLain currently serves as Chairman of the Board of Thermadyne, where he has had a significant impact on the strategy and trajectory of the company.  He is also a Director of PlayCore Holdings, Inc., Porex Corporation, and Timex Corporation.

“Mike has been an important part of our team as an executive, a board member, and as a trusted advisor for years.  His deep experience and invaluable skill set will continue to help accelerate growth and value creation at our portfolio companies,” said Korn.  “We are excited about these additions to our team.  Both Tom and Mike bring extensive talents and expertise to IPC that will help differentiate our industrial platform.”

About Irving Place Capital

Irving Place Capital is a middle-market private equity firm that invests in buyouts, recapitalizations, and growth capital opportunities.  The firm focuses on making control or entrepreneur-driven investments in companies where it can apply its substantial operating and strategic resources and expertise to enhance value.  Since its formation in 1997, Irving Place Capital has been an investor in more than 55 companies and has raised over $4 billion of equity capital, including its current $2.7 billion institutional fund.