New York – July 2020
– Tailwind Capital (“Tailwind”), a middle market private equity firm investing in targeted sectors within technology and business services, industrial services and healthcare, announced that Bruce Dressel has joined the firm as an Operating Executive, focused on industrial services investments. Mr. Dressel has worked with Tailwind as a portfolio company board member since 2016 and currently serves as Chairman of the Board of Directors of Anvil/Smith Cooper and on the Board of Directors of RANDYS Worldwide.
Mr. Dressel has over 30 years of experience within the industrials sector. Most recently, Mr. Dressel served as Senior Vice President and Chief Operating Officer at Herc Rentals Inc. (NYSE: HRI), a global leader in the equipment rental industry. Previously, Mr. Dressel served as President and CEO of Sunbelt Rentals, a subsidiary of Ashtead Group plc (LSE: AHT), where he served on the Board of Directors. During his tenure at Sunbelt, he grew the company from 24 to 195 locations. Following Sunbelt, Mr. Dressel was Chief Sales Officer for ADS, a provider of equipment and logistics support solutions.
Jeff Calhoun, Partner at Tailwind, commented, “Bruce’s sector experience, operational expertise and broad network complement Tailwind’s continued focus within the industrials space. He will be a great addition to both our efforts sourcing and evaluating new opportunities, as well as driving growth within our existing portfolio.”
Tailwind's current investments in the industrial services sector include: Acertus, a tech-enabled non-asset-based third-party provider of automotive logistics; Anvil/Smith Cooper, a distributor of valves, fittings and related products; Banner, a distributor of mechanical door hardware products and electronic access controls; Colony, a distributor serving commercial and public infrastructure construction markets; Cumming, a project and cost management consulting firm; HMT, a provider of aboveground storage tank services and products; Loenbro, a provider of specialized industrial maintenance services; RANDYS, an automotive aftermarket distributor.
About Tailwind Capital:
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within technology and business services, industrial services and healthcare. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.7 billion of committed equity capital, and has invested in 43 portfolio companies and over 115 add-on acquisitions.