Radial, which is backed by Sterling Partners, has named Matthew J. Espe as CEO. Previously, Espe worked at Armstrong World Industries Inc where he served as president and CEO. Radial is an omnichannel commerce technology and operations provider for retailers and brands.
KING OF PRUSSIA, Pa., Feb. 22, 2017 /PRNewswire/ — Radial, the leading omnichannel commerce technology and operations provider for retailers and brands, announced the appointment of Matthew J. Espe as Chief Executive Officer. Espe will work closely with Radial’s senior leadership team to accelerate the company’s growth.
Dan Brutto, Executive Chairman at Radial, said, “We’re thrilled to add another great talent to our leadership team. In today’s retail environment, eCommerce is an essential element of all retailers’ core business strategies, and Radial is uniquely positioned to enable rapid eCommerce growth. Under Matt’s leadership, we’ll build on our position as an industry-leading partner for retailers and brands to help them profitably scale their eCommerce platforms.”
Prior to Radial, Espe served as President and CEO of Armstrong World Industries Inc., a $2.9 billion global building products company. Before Armstrong, Espe was Chairman and CEO of IKON Office Solutions Inc., where he was instrumental in transforming the company’s business model for customers and employees, streamlining fulfillment and logistics services for clients, and implementing technology to improve operational efficiencies. Espe is currently a member of the board of directors at WESCO Distribution, an international provider of supply chain solutions for the electronics industry; Realogy Holdings Corp., a global leader in residential real estate franchising and brokerage; Veritiv Corporation, a paper, fulfillment and logistics provider; and NCI Building Systems, Inc., a metal products manufacturer for the nonresidential building industry.
Tobias Hartmann will remain President of Radial. Hartmann said, “Matt’s experience will take Radial to its next level of growth so we can continue to enable our clients to compete more efficiently in the increasingly complex retail space.”
“It’s clear to me that Radial’s exceptional commerce technologies and operational footprint are uniquely able to provide the solutions and experiences retailers and brands need to profitably deliver on customer expectations,” said Espe. “I look forward to leading the entire team as we begin our next phase of growth.”
In November 2015, Sterling Partners led a consortium of buyers to acquire Radial (formerly known as eBay Enterprise, Inc.), following the Sterling-led acquisition of Innotrac Corporation in 2014.
Radial is the leader in omnichannel commerce technology and operations, enabling brands and retailers to profitably exceed retail customer expectations. Radial’s technical, powerful omnichannel solutions connect supply and demand through efficient fulfillment and transportation options, intelligent fraud detection, payments, and tax systems, and personalized customer care services.
Hundreds of retailers and brands confidently partner with Radial to simplify their post-click commerce and improve their customer experiences. Radial brings flexibility and scalability to their supply chains and optimizes how, when and where orders go from desire to delivery. Learn how we work with you at www.radial.com.
About Sterling Partners
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983, with over $4 billion of assets under management, Sterling is guided by its stated purpose: INSPIRED GROWTH®, which describes Sterling’s approach to investing in differentiated businesses and growing them in inspired ways. Sterling focuses on investing growth capital in middle-market companies in the healthcare services and business services industries. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of professionals, including a strong network of outside directors and advisors. The people at Sterling believe in ideas and ideals, in people and in partnerships that drive long-term success. For more information, visit: www.sterlingpartners.com.