Guardian Building Products Appoints Tom Chieffe as Member of the Board of Directors
GREER, S.C.--(BUSINESS WIRE)--Jul 13, 2018--Guardian Building Products (GBP), a leading specialty building products distributor in North America, has announced the appointment of Thomas Chieffe to its Board of Directors. Tom Chieffe’s appointment comes following the recent announcement that GBP has been acquired by Pacific Avenue Capital Partners, a Los Angeles-based private investment firm.
Over his more than 20-year professional career in the building products sector, Mr. Chieffe has led multiple organizations and is an expert in helping private equity-backed companies scale. In 2018, Mr. Chieffe was nominated Chairman and CEO of Dayton Superior, and has served as a member of their Board of Directors since 2011.
From 2013 to 2016, Mr. Chieffe served as Chief Executive Officer of RSI Home Products, Inc., the largest manufacturer of kitchen cabinets, bathroom vanities, and cultured marble countertop products in North America. From 2011 to 2013, he was an Operating Advisor for Private Equity firm Oaktree Capital Management. Mr. Chieffe served as President and CEO of Associated Materials, Inc., a producer and distributor of windows, siding and other building products. Before Associated Materials, he spent approximately twelve years with Masco Corporation (MAS), serving as group vice president of retail kitchens and as president of Kraftmaid®. He currently sits on the board of directors for Dayton Superior and Knape & Vogt.
“We believe Tom’s experience and insight into the building products industry makes him a tremendous value-added member to our Board. Tom acted as a reliable sounding-board in the original due diligence of the transaction and has since continued closely working with the team,” said Chris Sznewajs, Chairman of the Board of Guardian Building Products and Managing Partner & Founder of Pacific Avenue Capital Partners.
Donald (“Donny”) J. DeMarie Jr., Chief Executive Officer of GBP, added, “Tom has proven to be an exceptional CEO in the building products sector and has an excellent talent for providing Private Equity-backed building products companies valuable guidance. The GBP team and I are excited to welcome him to the Board of Directors and look forward to partnering with him to continue growing our geographic presence and product offering.”
When asked about his recent appointment, Chieffe replied, “I am pleased to be working with Chris and Donny to help GBP’s growth initiatives. With his vast amount of experience in the building products sector, Donny is leading a talented team with tremendous operational expertise. I am confident this management team will drive increased profitability and operational growth.”
About Pacific Avenue Capital Partners
Pacific Avenue Capital Partners, founded by Chris Sznewajs, is a Los Angeles-based private investment firm with deep expertise in operations and growth enhancement in the middle market. Pacific Avenue acquires controlling interests in businesses across multiple industries including industrials, building products, healthcare services and business services. Pacific Avenue, in conjunction with its operating executives, partners with exceptional management teams to assist businesses in unlocking value and reaching their full potential. Pacific Avenue’s portfolio has more than $750 million in combined revenue. For more information, please visit www.pacificavenuecapital.com.
About Guardian Building Products
Guardian Building Products (GBP) is one of the largest specialty building product distributors in North America providing roofing, insulation, gypsum and other building products to its customers. GBP, with 30 branch offices across the United States, delivers an array of innovative, market-focused products and services to more than 5,000 customers. For more information, please visit www.guardianbp.com.
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CONTACT: Guardian Building Products, Inc.
KEYWORD: UNITED STATES NORTH AMERICA SOUTH CAROLINA
INDUSTRY KEYWORD: BUILDING SYSTEMS ARCHITECTURE COMMUNICATIONS PUBLIC RELATIONS/INVESTOR RELATIONS CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Guardian Building Products
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PUB: 07/13/2018 11:35 AM/DISC: 07/13/2018 11:36 AM