Global growth equity firm Summit Partners has added Grant Beard to the Executive-in-Residence (“EIR”) program.
In this role, Beard will work closely with Summit’s Industrial Technology team to identify new investment opportunities in businesses in the industrial technology sector with a focus on engineered products, specialty packaging, applied materials and automotive sub-sectors.
Mr. Beard brings decades of operating experience, deep industrial sector expertise and an extensive network to Summit’s EIR program. Currently, he serves as Chairman of the Board of Directors of Advanced Energy (NASDAQ: AEIS), a global provider of energy conversion products serving the semiconductor and other processing industries. Most recently, Beard served as Chairman of Wynnchurch Industries and as an advisor to Wynnchurch Capital, a private equity fund focused on industrial companies in lower middle markets, where he reviewed new investment opportunities.
Beard joined Wynnchurch from Wolverine Advanced Materials, a global producer of specialty elastomeric materials that provide noise abatement and sealing capabilities. During his three-year tenure as Chairman and CEO at Wolverine, Beard led the company through a period of strong global growth culminating in Wolverine’s sale to ITT Corporation in 2015.
Prior CEO experience includes Constar International (NASDAQ: CNST) – a global supplier of rigid plastic packaging products which was sold to Plastipak Corporation in 2013 – and Trimas (NYSE: TRS) – a diversified engineered products business, which Grant led through an initial public offering in 2007.
Summit’s EIR program is an established element of the firm’s growth-oriented investing strategy. Since its inception in 1999, the program has facilitated collaboration between seasoned industry executives and Summit’s sector teams, working to identify investment opportunities, conduct due diligence, and create and support value creation plans for the companies with which Summit has partnered.