CEO Monthly Issue 8 2018

CEO MONTHLY / ISSUE 8 2018 5 , Buck, an integrat- ed HR consulting, benefits administra- tion and technology services firm, today announced that John C. (Jack) Freker, Jr. joined the company as its Chief Executive Officer. Freker will lead the company’s growth across all aspects of Buck’s business. He brings dec- ades of proven global leadership in business services growth and transformation across various in- dustry sectors, including Human Resources, Financial Services, Technology Enabled Business Services, Consulting and Enter- prise Software. Most recently, Freker served as CEO of YP/Print Media LLC, and prior, led First Advantage, the leading global provider of employ- ee background screening, talent acquisition and identity verifica- tion. Earlier in his career, Freker led Convergys, a global leader in customer service and CRM. Pre- viously, Freker held key manage- ment, marketing and business development roles in the Con- sumer Packaged Goods Industry. He began his career with Procter and Gamble. “With tremendous scale, best-in- class technology and a legacy as the ‘go-to provider’ for custom- ised solutions, combined with a deep bench of highly seasoned professionals, Buck is offering market-leading solutions. We are uniquely positioned to differenti- ate amongst our competitors by being more nimble and easier to do business with,” said Freker. “We are excited to work with our partner H.I.G. Capital to accel- erate our growth in this exciting market by helping our clients cre- ate new, innovative strategies to engage with employees to drive real business impact.” Washington Equity Partners, a private equity firm based in the Washington DC metro area) recently announced that it has acquired Accu-Tube Corporation, a lead- ing manufacturer of highly engi- neered small-diameter stainless steel tubing. Washington Equity also announces the appoint- ment of Kevin McGrath as Chief Executive Officer of Accu-Tube, effective immediately. In addition, Bill Ellerkamp and Diane Loudon will join the Company’s Board of Directors. Founded in 1973, Accu-Tube manufactures top quality stand- ard and custom size stainless steel tubing, ranging from.009” OD (.23mm) to .375”OD (9.35mm). The Company is headquartered in Englewood, Colorado and largely sells to the medical, aerospace and industri- al end markets. Prior to joining Accu-Tube, Kevin McGrath most recently served as Vice President, Advanced Surgical at Tecomet, Inc., a leading manufacturer of complex parts for the Medical Device and Aerospace/Defense markets. Prior to Tecomet, Mr. McGrath had executive management roles at Mountainside Medical (where he was one of three original co-founders), Accellent, MedSource Technologies, and National Wire and Stamping. Jesse Liu, a Partner at Washing- ton Equity, states that, “Ac- cu-Tube is a clear market leader Buck Appoints Jack Freker as CEO Industry leader to drive global growth in HR, benefits administration and technology services. with unique engineering capabil- ities and differentiated products, and the customer demand for its tubing far exceeds the Compa- ny’s current revenue base. We plan to make significant invest- ments to expand the Company’s manufacturing capacity and are excited to be partnering with new CEO Kevin McGrath and the current Accu-Tube team to grow the business.” Kevin McGrath, Chief Exec- utive Officer of Accu-Tube, continues, “I am excited to join the Accu-Tube team as the Company begins its partnership with Washington Equity. I have been a longtime customer of Accu-Tube’s tubing and have a strong appreciation for the market-leading quality of its products, the strong capabilities of its talented management and employees, and the opportu- nity ahead. We look forward to enhancing our service levels to each of our current customers and building increased aware- ness of our capabilities across each of our market segments.” Bob Knibb, a Partner at Wash- ington Equity, added, “We are thrilled to add Accu-Tube to our portfolio and we will invest our capital, expertise and resources to significantly expand Ac- cu-Tube’s operations, manufac- turing footprint, and employee base. In addition, we are also eager to pursue potential acqui- sitions of companies that have complementary tubing capabil- ities.”