Former Anixter CEO moves into new role with Irving Place Capital
May 10, 2009
Anixter International's former president and CEO, Bob Grubbs, is using his 30 years in the distribution business in a new role with Irving Place Capital; the private equity firm is looking to increase its focus on investments in distribution companies.
Grubbs says he was attracted to the firm because it is committed to understanding the industry. "The model made a lot of sense to me," he says.
Among the 50 investments Irving Place Capital has made: Aearo Technologies (sold in 2006 to Permira Advisers, which sold it to 3M in 2007); MultiPackaging Solutions (which recently completed a sixth add-on acquisition); and ReddyIce, a manufacturer and distributor of packaged ice products.
Anixter, where Grubbs has spent his entire career, ...