Robert Grubbs To Advise Irving Place Capital

Robert Grubbs, former CEO of Anixter International Inc., has joined Irving Place Capital as a senior advisor, with a focus on the distribution sector.

PRESS RELEASE

Irving Place Capital, a middle market institutional private equity firm, today announced that it has appointed Robert W. Grubbs as a Senior Advisor. Mr. Grubbs will work closely with the principals of Irving Place Capital to identify and pursue new investments in the distribution sector.

Mr. Grubbs was formerly head of Anixter International Inc., a leading distributor of communications and security products, wire and cable products, and industrial supplies. Mr. Grubbs’ career spanned 30 years at Anixter, the last 10 of which he served as President and CEO. During his tenure as CEO, Mr. Grubbs helped drive sales from $2 billion to $6 billion and position Anixter as a leader in the industrial distribution industry. Previously, Mr. Grubbs was President and CEO of Anixter Inc., the principal operating subsidiary of Anixter International.

“I am excited to join Irving Place Capital and look forward to helping expand the distribution practice,” said Mr. Grubbs. “Joining forces with a firm that is already well positioned in this area will allow me to effectively apply my knowledge of the industry and experience serving customers worldwide.”

“Bob is a terrific addition to our team,” said Philip M. Carpenter III, Senior Managing Director and Partner of Irving Place Capital. “His vast experience in the industry and his operational expertise will be tremendous assets as we evaluate new distribution opportunities.”

About Irving Place Capital

Irving Place Capital invests private equity capital in compelling buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Irving Place Capital focuses on making control or entrepreneur-driven investments. Since its formation in 1997, Irving Place Capital has been an investor in 68 portfolio companies, and manages over $4 billion, including its current $2.7 billion institutional fund. More information about Irving Place Capital is available at www.irvingplacecapital.com.