NEW YORK, April 29, 2013 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today the promotion of Bruce Curley to Partner – Operations Group.
Mr. Curley leads the KPS Operations Group, a growing team of ten professionals with significant manufacturing and operations experience. The KPS Operations Group works with the KPS portfolio companies to create a culture of continuous improvement and to make their businesses better.
Mr. Curley has been affiliated with KPS since 2000, first as Chief Executive Officer of a former KPS portfolio company, and then beginning in 2005 as Managing Director and head of the KPS Operations Group. Prior to his involvement with KPS, Mr. Curley held management positions with International Paper, Boise Cascade and Mead. Mr. Curley received a B.S. in Engineering from Rensselaer Polytechnic Institute and an M.A. in Business from Central Michigan University. He is a registered Professional Engineer.
Michael Psaros and David Shapiro, Co-Founders and Managing Partners of KPS, said, "We are proud to announce the promotion of Bruce Curley to Partner – Operations Group. Bruce is an important member of the KPS team and has contributed enormously to the success of our firm for over a decade by working with our portfolio company management teams to drive operational excellence. We have built a world class team of operations focused professionals under Bruce's leadership and we expect to continue to grow our operations team in the coming years."
On April 15, 2013, KPS announced the first and final closing of its fourth fund, KPS Special Situations Fund IV, with $3.5 billion in investor capital commitments.
About KPS Capital Partners, LP
KPS Capital Partners, LP is the manager of the KPS Special Situations Funds, a family of private equity funds with $6.0 billion of assets under management focused on constructive investing in restructurings, turnarounds and other special situations. The KPS investment strategy targets manufacturing and industrial companies with strong market positions that are going through a period of transition or experiencing operating or financial difficulties. For over two decades, the partners of KPS have worked with the management teams and associates of its portfolio companies to improve operating and financial performance by focusing on cost reduction, efficiency, operational excellence and strategic growth initiatives. KPS Portfolio Companies, as of December 31, 2012, have aggregate annual revenues of approximately $6.8 billion, operate 85 manufacturing plants in 25 countries, and employ over 29,000 associates, directly and through joint ventures worldwide. The KPS investment strategy and portfolio companies are described in detail at the firm's website: www.kpsfund.com.
SOURCE KPS Capital Partners, LP