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Capstreet Backed Apg Names Longtime Industrial Executive Joe Stephens As CEO

Sep 26, 2023almost 2 years ago

Position

Chief Executive Officer

Company

APG

Joe Stephens
HoustonOther

Description

American Packing & Gasket, LLC, , a distributor and manufacturer of a broad range of industrial products, today announced that Joe Stephens has joined as Chief Executive Officer. Former CEO Matt Dunn will remain with APG on the board of directors. APG is backed by Capstreet, a Houston-based lower middle market private equity firm.

Company Information

Company

APG

Location

Houston, Texas, United States

About

Master Distributor & Manufacturer of fluid sealing and associated products to distribution and industry by providing value through product's availability and response time to our customers.

Executive Insights

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New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
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Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months

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