Leadership Change at Owen Companies
Owen Companies is undergoing a significant transition as John Gerber steps in as the new Chief Executive Officer, taking over from the founder, Earl Rose, who is retiring while moving to the Board of Directors. This move signals a new era of leadership for a company with a respected legacy in providing essential infrastructure solutions.
Introducing John Gerber
John Gerber comes to Owen Companies with a wealth of experience in the industry. He previously held the role of Chief Executive Officer at Midland Industries, where he successfully directed efforts in distribution and manufacturing. Gerber has a notable leadership track record, having occupied significant positions at Carter-Waters, Wesco, Rexel Holdings, and GE, bringing a robust understanding of the markets Owen serves.
Earl Rose’s Legacy
Earl Rose’s journey began with the acquisition of Ben-Ko-Matic back in 2006. Through his visionary leadership over nearly two decades, he transformed the company into a multi-product leader in specialty equipment distribution, exemplified by its four strategic acquisitions. He has previously led teams at Sunbelt Rentals and Ivy Hi-Lift, experiences that have clearly shaped his strategic approach.
Future Vision for Owen Companies
The transition in leadership is viewed positively by industry stakeholders. Brian Riordan, Managing Director at Wynnchurch Capital, noted the effective collaboration with Earl and the team to bolster the company’s growth trajectory. The anticipation of John Gerber’s leadership is a source of excitement as the company looks to maintain its impressive growth and commitment to customer support.
About Owen Companies
Established in 1958 and based in Vancouver, Washington, Owen Companies stands as a key provider of critical infrastructure equipment and environmental solutions. The company’s offerings range from street sweepers and sewer cleaners to specialized drilling equipment and refuse collection services. Owen operates from 12 sites and focuses on delivering new and pre-owned equipment and maintenance services, ensuring a comprehensive approach to meeting customer needs.
Owen's Diverse Business Segments
The company’s operations are categorized into four significant business segments: Owen Equipment, Cal-Line Equipment, Blaze Equipment, and Reliance Truck and Equipment. This structure enables Owen to streamline its services, adapting to the diverse demands of its municipal and commercial customers.
About Wynnchurch Capital
Wynnchurch Capital, based in Rosemont, Illinois, is known for its investment acumen in the middle-market sector. Since its inception in 1999, the firm has focused on collaborating with companies across the United States and Canada, seeking opportunities for substantial growth. With $9.2 billion in regulatory assets under management, Wynnchurch has a history of investing in a variety of sectors including custom manufacturing and wholesale supply.
Frequently Asked Questions
What prompted the leadership change at Owen Companies?
The leadership change is part of a planned transition as Earl Rose retires and moves to the Board of Directors, with John Gerber stepping in as CEO.
Who is John Gerber?
John Gerber is the new CEO of Owen Companies, previously serving as CEO of Midland Industries and holding leadership roles in other prominent companies.
What is Earl Rose's contribution to Owen Companies?
Earl Rose has been pivotal in expanding Owen's market presence and transforming it into a multi-product leader in specialty equipment distribution over the last 19 years.
What types of equipment does Owen Companies provide?
Owen Companies provides a range of critical infrastructure equipment, including environmental solutions, street sweepers, sewer cleaners, and various specialty drilling equipment.
What is the focus of Wynnchurch Capital?
Wynnchurch Capital focuses on investing in middle-market companies with high potential for growth and operational improvements, managing several private equity funds.
