IES names Stephen Andrews CEO
By International Equipment Solutions
News
Jan. 10, 2012 - International Equipment Solutions announced today it has
named Stephen Andrews CEO. Andrews was
previously president and CEO of Pettibone, the parent
company of fourteen diversified global industrial businesses.
IES, through its Paladin and
Crenlo business units, is a global engineered equipment company serving the construction,
agriculture, landscaping, infrastructure, recycling, demolition, mining and
energy markets. IES is owned by KPS Capital Partners, a private equity firm
with over $2.7 billion of assets under management, which formed the company in
September 2011.
Andrews said, "I am
thrilled to lead International Equipments Solutions. IES’ acquisitions of
Paladin and Crenlo are just the first steps in the creation of an international
engineered equipment manufacturer with leading brands and a strong reputation
for quality, durability, delivery, support and continual product innovation. I
look forward to working with the Paladin and Crenlo associates to provide our
customer base with world-class service, and to grow IES worldwide both
organically and through acquisitions.”
Prior to joining Pettibone in
2007, Mr. Andrews spent 13 years in various domestic and international
positions with Hendrickson International. He is a graduate of the University of
Michigan.
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