TPE is committed to helping our management teams create long term value by leveraging our network of industry leading operating executives. Our operating partners bring proven strategies, relationships and industry and operational knowledge to our portfolio companies. Our operating partners traditionally participate as Directors or Advisors to the Boards of our portfolio companies.
Patrick W. Cavanagh
Patrick "Pat" W. Cavanagh was President and Chief Executive Officer of Enovation Controls, from January 2013 to July 2016, after serving on the company's Board of Directors since its inception in January 2010. Enovation Controls provides customers with complete engine and equipment control solutions for commercial vehicles, off-highway, oil & gas, material handling, agriculture and recreational vehicles. Under Mr. Cavanagh's leadership, the company reorganized its business units, improved and expanded its international footprint, built a world-class engine development facility in Asia and refocused operations in Europe, along with implementing Lean Six Sigma processes companywide. He also increased investment in R&D, resulting in a record launch of new product platforms.
Mr. Cavanagh previously served as the President, Chief Executive Officer and a Director of Williams Controls (NYSE: WMCO) for eight years, leading the company to post record growth and profitability and its sale to Curtiss-Wright Corp (NYSE: CW) in 2012. Williams designed and manufactured advanced electronic throttle control systems and sensors for the commercial vehicle and off-highway markets. During Mr. Cavanagh's tenure, he significantly expanded the company's global presence by establishing manufacturing and sales operations in China and India along with sales and distribution in Germany and Russia. He also recapitalized, reduced debt and relisted Williams Controls on the NYSE.
Before Mr. Cavanagh's tenure with Williams Controls, he was the executive responsible for gaseous-fueled industrial engine control systems at Woodward (Nasdaq: WWD). Woodward is a well-known supplier of engine control systems used in commercial vehicle, industrial and gas turbine applications. Prior to Woodward, Mr. Cavanagh was Executive Vice President and General Manager of the Automotive Components Group of Knowles Electronics before its sale to Woodward in 2002. During his 11-year tenure at Knowles, he grew sales more than tenfold in addition to establishing manufacturing operations in China and Hungary. While at Knowles, Mr. Cavanagh lived for a time in Munich, Germany, and also served as Managing Director and board member of Ruf Electronics, a key subsidiary of Knowles and premier supplier of automotive sensors based in Munich.
Mr. Cavanagh earned his bachelor's degree in mechanical engineering technology from the Milwaukee School of Engineering. He is currently a board member for Defiance Metal Products, Enovation Controls and National Molding Products. Mr. Cavanagh was the 2013/2014 chairman of the Heavy Duty Manufacturers Association (HDMA), the leading trade association for the commercial vehicle and off-highway industry. He also served as chairman of HDMA's 2015 Heavy Duty Business Forum.
Mr. Pat Cavanagh resides with his wife, Diane, in Tulsa, Oklahoma.
Jay Shuster currently serves, since 2000, as President and Managing Member of Shuster Group, LLC. Shuster Group provides consulting services to buyout firms and industrial businesses in operations, acquisition analysis and support, and post acquisition governance. In conjunction with his consulting practice, Shuster most recently served on the Board of Directors of Verso Corporation, a publicly traded publication papers business (Executive Committee, CEO search, Audit, Finance and Planning Committees), as Chairman of American Blanching Company, a food manufacturer focused on Private Label Peanut Butter as well as Chairman of the advisory Committee at KPAQ, a premium lightweight virgin pulp and linerboard company; both companies were sold in highly successful transactions. Shuster also served as Chairman of Orchids Paper Products, a publicly traded tissue manufacturer (branded and private label) from 2007 to May 2013. Shuster has also served on four other Boards of Director, two of which were publicly traded companies. Shuster also consults for INDEVCO from time to time (no active engagements at the present time), the largest independent producer in the Middle East of diapers, feminine napkins, corrugated boxes, tissues, plastic films and bags. INDEVCO is headquartered in Lebanon with significant manufacturing presence in Saudi Arabia and Egypt as well as having a significant US subsidiary – Interstate Resources. Many of Shuster’s engagements involve working with management teams to improve results and improve strategy and related execution for owners- either pre or post acquisition.
From 1979 to 2000, Shuster worked for Rock-Tenn Company, a $1.5 billion (for fiscal 2000) packaging and paper company, in three broad areas.
• Shuster spent ten years as Chief Operating Officer during which time the Company tripled in revenues and substantially increased profits.
• Successful financial roles led to Shuster graduating to operating roles where he led the Company’s largest division, the Folding Carton Division, and two other divisions that were substantial money losers for the Company; Shuster led turnarounds for all three divisions before being promoted to COO and President.
• Shuster started work at Rock-Tenn Company as Asst. Controller and later served in numerous financial roles (Asst. Controller, Controller, VP and Controller, VP and Treasurer, Sr. VP and CFO) including five years as the Company’s CFO.
At Rock-Tenn Company, Shuster participated in twelve acquisitions and two joint ventures, upgraded the management team, improved strategies where necessary, led changes in the Company’s health insurance and pension plans, introduced and installed continuous improvement programs and was instrumental in the Company’s Initial Public Offering. Shuster had a leadership role in integrating all of the Company’s acquisitions for twenty years.
Shuster began his career with Arthur Andersen & Company (1975-1979), where he served as a CPA. Shuster earned a CPA certificate at age 22 having won gold medal honors on the CPA exam as well as national recognition.
Shuster is a graduate of the University of Florida (1972-1975) with a BSBA, concentrating in Accounting.
Kim is President and Chief Executive Officer of TECHNIPLAS, a global privately held group of specialized plastics companies that primarily serve the automotive, industrial, and medium and heavy truck industries. TECHNIPLAS, headquartered in Nashotah, Wisconsin has 2100 employees, 13 production locations, and 11 sales and technical centers around the world.
Prior to joining the TECHNIPLAS Group, Kim was President and Chief Executive Officer of Supreme Industries, Inc. (NYSEMKT: STS), a producer of specialty vehicles based in Goshen, Indiana. Kim was also the founder of IRN Inc., a premier boutique-consulting firm focused on mid-sized manufacturing firms. Kim holds a B.A. degree from Western Michigan University and an M.I.M. from the American Graduate School of International Management (Thunderbird). She is currently a member of the board of Stoneridge Inc. (NYSE:SRI) and one other privately held firm. She is also a member of the Original Equipment Suppliers Association (OESA) and the Society of Automotive Engineers (SAE).
Donn serves as a Director of REV Group, a manufacturer of fire apparatus, ambulances, recreational vehicles, buses and terminal equipment, and a Director of Defiance Metal Products, a precision fabricating manufacturer of metal parts and assemblies as well as a Director of Unique Fabricating Inc., a die cut, form and fabricator of non-metallic parts. Donn previously was a director of Williams Controls (NYSE MKT: WMCO) until its sale in December 2012, and a Director of Manac, Inc., a North American manufacturer of custom semitrailers. In addition, Donn is the Chairman of the Navistar Retiree Supplemental Benefit Plan Trust.
Donn served as Chief Operating Officer of Donnelly Corporation, an automotive parts supplier, from 1996 until his retirement in 2002. From 1990 to 1996, he held positions as Senior Executive Vice President and Chief Operating Officer and Director of Mack Trucks, a heavy truck manufacturer. Before Mack Trucks, Donn worked as the Executive Vice President of the Cars and Concepts Division of Masco Industries. Prior to Masco, Donn was a Vice President of Manufacturing Operations for Volkswagen of America which followed his thirteen year career with General Motors Corporation. Donn has a Bachelor of Science in Mechanical Engineering from Lehigh University and completed the Stanford University Executive Program.
R. Eugene Goodson
Dr. Goodson has held leadership positions in academia, government, and industry. He holds AB and BS degrees from Duke University and MS and PhD degrees from Purdue University. As a Purdue professor, he published over thirty refereed journal papers and consulted in the aerospace, process, and transportation industries. He was U.S. DOT Chief Scientist from 1973 through 1975. From 1975, as director, he, with his colleagues, led Purdue’s interdisciplinary institute to national prominence in transportation, energy, manufacturing, and biomedical research. In 1981, he led Johnson Control’s automotive seating business in nine years from a $150 million build-to-print supplier to a $1.3 billion tier one systems supplier. Over forty new JIT plants were built in North America and Europe. These plants epitomized lean, best practices in supplying seats and interior trim to Japanese, U.S., and European automotive OEMs. As Chairman and CEO of Oshkosh Truck Corporation from 1990-1997, his team took Oshkosh from primarily a defense contractor to market leadership in fire trucks and concrete ready-mix equipment.
Dr. Goodson returned to academia in 1998 as Adjunct Professor at the University of Michigan Ross School of Business teaching operations management. Dr. Goodson's lean tool, described in the paper “Read a Plant—Fast,” published in the May 2002 Harvard Business Review, is used by many companies as a tool in their lean journey. He continues an active consulting practice on lean transformation and business development. In 1998, after serving on several boards, he became Chairman, CEO, and President of Williams Controls, a public company with significant AIP investment, from July 2002 to September 2004. He continued as Chairman until December 2012 when the company was sold to Curtiss Wright. Williams made electronic throttles for the specialty vehicle and heavy truck industries.
In 2006, Dr. Goodson became CEO, President, and Board Chairman of Southwall Technologies Corporation, a public company in Palo Alto. Southwall made sputtered film that controls energy and light transmission. He remained a board member and consultant until the company’s sale in 2011. He also serves on several other boards, including REV Corp., a $1.7 billion dollar revenue specialty vehicle private company, Bergstrom, Inc., a private tier one suppler of HVAC equipment to the heavy truck and off-road vehicles industries, and Defiance Metal Products, a private company and a supplier of metal components also to the heavy truck and off-road vehicle industries. He also consults regularly with companies on their lean transformation journey.
Paul has been the President and Chief Executive Officer of the Critical Process Systems Group, or CPS, and its predecessors since 2007. CPS is a group of manufacturing and design companies providing innovative industrial product solutions to an array of industries including semiconductor, chemical processing, industrial gas, mining, power generation, and life sciences. Prior to the establishment of CPS, Paul was the President of Fab-Tech, Inc. from 2005 to 2007 and Chief Financial Officer from 2001 to 2005. Prior to joining Fab-Tech he was Corporate Controller and Treasurer with Burton Snowboards, helping the company manage dramatic growth in core and affiliate brands. Before working for Burton, he was Corporate Controller of the Turtle Fur Company, the leading global winter sports accessory company. Paul currently serves on the Board of Directors of Unique Fabricating. Inc. Paul received a Bachelor of Science degree in Business Administration from the University of Vermont in 1990. He holds an inactive CPA license.