KKR taps Silvernail as exec advisor

Silvernail is the former chairman and CEO of Madison Industries and IDEX Corporation.

  • In his new role, he will pursue acquisition opportunities
  • Before joining IDEX Corporation, he held executive roles at Rexnord Industries, Newell Rubbermaid and Danaher Corporation
  • Silvernail also serves on Stryker Corporation’s board of directors

KKR has named Andrew K. “Andy” Silvernail as an executive advisor. In this role, he will evaluate Americas investment opportunities across multiple sectors, including industrials, health care, and consumer products. Silvernail will be spending a portion of his time advising on investments for KKR Ascendant, a new strategy within KKR’s Americas private equity platform that focuses on investing in middle-maet businesses across the same sectors and themes as the broader platform.

Most recently, he served as chairman and CEO of Madison Industries, one of the world’s largest privately held companies. Prior to that, he was chairman and CEO of IDEX Corporation from 2011 to 2020, where he oversaw more than 500 percent growth in total shareholder return. Before joining IDEX Corporation, Silvernail held executive positions at Rexnord Industries, Newell Rubbermaid and Danaher Corporation. He also serves on Stryker Corporation’s board of directors.

On this appointment, Pete Stavros and Nate Taylor, co-heads of the Americas private equity platform at KKR, said in a public statement: “We are thrilled to welcome Andy as an executive advisor to our firm. With his proven track record of leadership and value creation, we are confident that Andy will be a phenomenal partner to our team as we continue to execute on our investment approach of driving holistic operational transformations across a variety of industries.”

Since 2011, KKR has focused on employee ownership and engagement as a key driver in building stronger companies and driving greater financial inclusion. To date, KKR has awarded billions of dollars of total equity value to more than 45,000 non-senior employees across over 25 companies, and has committed to deploying this model in all control investments across its entire Americas Private Equity platform.