MW Industries Appoints Bill Marcum as CEO
Former CEO Dan Sebastian Retiring

Logansport, IN — November 4, 2011 – MW Industries, Inc., a leading manufacturer of highly engineered specialty springs and fasteners and a portfolio company of Genstar Capital, today announced the appointment of Bill Marcum as its Chief Executive Officer, replacing Dan Sebastian who has chosen to retire after serving as MW Industries' CEO for over 15 years.

Mr. Marcum joins MW Industries with wide-ranging experience in industrial component markets. He has over 30 years of experience in managing operations, strategic planning and organizational development both in the U.S. and internationally in multiple industries. He is a proven growth-oriented operating executive who has successfully built profitable companies through both add-on acquisitions and organic initiatives.

"Bill is a strong leader who will help drive continued growth at MW Industries," said Rob S. Rutledge, a member of the Board of Directors of MW Industries and a Vice President of Genstar Capital. "He has an outstanding record of success and we are confident that his global experience will drive profitable long-term growth and further solidify MW Industries' reputation as a leader in its industry."

"I am excited about leading this extraordinary organization," said Mr. Marcum. "I look forward to leading this company and working with the talented management team and employees to further expand the business."

Mr. Marcum succeeds Dan Sebastian who has served as CEO of MW Industries since 1995. "Shortly after Genstar's acquisition of MW Industries in June, 2011, I indicated my desire to retire and agreed to remain with the company until a replacement was named in order to ease the transition to new leadership. I am proud of what we have accomplished at MW during my tenure at the company and I believe the right team is in place with the support of experienced investors to accelerate its growth well into the future."

"Dan has been instrumental in making MW Industries a leader in the industry and we thank him for his many contributions. We also thank him for ensuring this smooth management transition. Everyone at Genstar and the company wish him well in his retirement," said Mr. Rutledge.

Mr. Marcum most recently was Chief Executive Officer of former Genstar portfolio company Woods Equipment Company, a manufacturer and distributor of attachments and spare parts for the agriculture and construction equipment industries. Prior to joining Woods, he was President of Carlisle Power Transmission, Inc., a division of Carlisle Companies. He earlier served as Vice President, International Operations, for the Global Fluid Power Division of Gates Corporation and prior to this assignment, he was President of Gates Unitta Asia. He received a B.S. degree from Arizona State University.

About MW Industries

MW Industries, Inc., headquartered in Logansport, Indiana, is a leading provider of highly engineered springs, specialty fasteners and other precision components to more than 23,000 customers. Its 40,000+ products are sold through a combination of direct sales, catalogs and distributors to original equipment manufacturers and aftermarket customers in a number of industries, including medical, heavy truck, electronics, agriculture and construction, military and aerospace, energy and automotive.

About Genstar Capital, LLC

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar has more than $3 billion of committed capital under management and targets investments focused on selected sectors within the life science, healthcare services, software and software services, financial services, and industrial technology industries.

 

Contact:
Bill Marcum
(574) 722-8335

 

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