PE-backed Crenlo recruits Karmel as CEO

Crenlo Engineered Cabs, which is backed by Angeles Equity Partners LLC, has named Matthew Karmel as CEO.

Crenlo Engineered Cabs, which is backed by Angeles Equity Partners LLC, has named Matthew Karmel as CEO. Prior to joining Crenlo, Karmel served as an operating partner at Atlas Holdings. Crenlo is a maker of engineered operator cabs and roll over protective structures for heavy equipment and off-highway vehicles.

PRESS RELEASE

ROCHESTER, Minn.–(BUSINESS WIRE)–Crenlo Engineered Cabs (“Crenlo”), a leading manufacturer of engineered operator cabs and roll over protective structures for heavy equipment and off-highway vehicles, backed by Angeles Equity Partners, LLC (“Angeles”), today announced Matthew Karmel has been named Chief Executive Officer.

“Mr. Karmel is an incredibly talented executive with the right skills to lead Crenlo and strategically position the company to realize its full potential. He is widely respected for his ability to transform complex industrial manufacturing companies with global operations,” said Timothy Meyer, Co-Founder and Managing Partner of Angeles Equity Partners.

“I look forward to working with Angeles and the Crenlo team to execute our strategy to deliver the best customer experience for our large multinational original equipment manufacturer customers,” said Matthew Karmel, CEO of Crenlo Engineered Cabs. “Crenlo remains focused on providing exceptional value, quality, and reliability to ensure we remain our customers’ partner of choice.”

Prior to joining Crenlo, Mr. Karmel served as an Operating Partner at Atlas Holdings. Previously Mr. Karmel held operationally focused CEO assignments in North America and Europe across a broad range of industrial manufacturers. Matthew earned a Ph.D. in Mechanical and Aeronautical Engineering from Princeton University, and an MBA from INSEAD Business School in France.

About Crenlo Engineered Cabs
Crenlo Engineered Cabs was formed by the merger of Crenlo Cab Products and Worthington Industries Engineered Cabs. Crenlo is a leading manufacturer of engineered operator cabs, roll over protective structures, locomotive sub-assemblies, electronic enclosures, operator stations, custom complex fabrications, and packaging in North America and South America. Since 1951, facilities in Minnesota, South Dakota, and Tennessee have been serving heavy equipment and off-highway vehicle original equipment manufacturers (OEMs) with “Made in America” products. Crenlo is backed by Angeles Equity Partners. Learn more online at www.engineeredcabs.com.

About Angeles Equity Partners, LLC
Angeles Equity Partners, LLC is a private equity firm that invests in companies across a wide range of sectors and specifically targets businesses which it believes can directly benefit from the firm’s strategic, operational, and M&A capabilities. The Angeles skill set drives the firm’s investment philosophy and, in its view, can help businesses reach their full potential. Learn more online at www.angelesequity.com.