PE-backed distributor builds powerhouse leadership team with new CEO
Matt Gallagher to lead Jasper Engineering in its next growth chapter
Sometimes, opportunity needs to knock twice. That’s often the case when mid-sized companies recruit C-level executives from established positions. Finding—and convincing—these passive candidates to consider a move requires a deft touch.
For Matt Gallagher, a veteran leader in manufacturing and distribution, taking that second call ultimately led to his new role as CEO of Jasper Engineering and Equipment Company, an industrial distributor, manufacturer’s representative and service provider headquartered outside Minneapolis, Minnesota.
“I’m so glad Libby sought me out and pitched the opportunity. Thanks for not taking ‘no’ for the answer on that first call,” Gallagher said.
“I’m so glad Libby sought me out and pitched me the opportunity.”
Matt Gallagher, CEO, Jasper Engineering
A CEO with strong vision and manufacturing roots
David Lyman, Principal, and Libby Utter, Search and Business Development Consultant, spearheaded the CEO search for Jasper Engineering, working directly with the company’s board and their private equity partner, Pathfinder Companies. Our deep experience in both manufacturing and working with PE-backed businesses meant we could hit the ground running.
Jasper Engineering needed a CEO with a track record of strategic thinking, driving profitable growth and maintaining operational excellence, combined with exceptional communication skills and deep industry experience.
The ideal candidate also needed a willingness to work with new private equity owners. In 2020, Jasper Engineering had taken a bold step and recapitalized the business, transferring ownership to Pathfinder. Jasper’s longtime CEO set his sights on retirement and a seat on the company board, leaving a vacancy at the top.
“Lyman Executive Search’s commitment to helping us fill this critical position was clear from day one, and we are thrilled with the result.”
Joe Helms, Partner, Pathfinder Companies
A track record of success in private equity
Unlike many private equity firms, the Pathfinder team takes a hands-on approach. They’re actively involved in the business and play an important advisory role with the executive team. After working with Lyman Executive Search on a number of executive searches over the past eight years, Pathfinder knew we could find a CEO willing to team up and drive the business forward.
“David and Libby took the time to understand our business and the values that are unique to Jasper, then worked closely with our team to find the right leader to guide our business into the future,” said Joe Helms, Partner at Pathfinder.
Ultimately, our tenacity with Gallagher paid off. Both Pathfinder and Jasper Engineering are delighted with his fit to the organization’s needs and culture. The future is bright with a powerhouse team in the lead.
“Lyman Executive Search’s commitment to helping us fill this critical position was clear from day one, and we are thrilled with the result,” said Helms.