Irving Place appoints veteran executive as senior adviser

Former Emerson Electric CFO Walter Galvin will work with portfolio companies and find new investments in the industrial and packaging industries.  

Irving Place Capital has appointed former Emerson Electric executive Walter Galvin to assist its portfolio companies and help source new transactions in the industrial and packaging industries.

A 40-year veteran of Emerson Electric, Galvin’s roles at the industrial manufacturer included chief financial officer and vice-chairman. He also served as director on the Missouri-based company’s board from 2000 to 2013.

Galvin is currently a board member at Ameren, Aegion and the US Chamber of Commerce.

Keith Zadourian, a partner at New York’s Irving Place Capital, said Galvin’s insights “will facilitate exceptional performance at our companies”.

Galvin is based in St Louis, but will work onsite with Irving Place’s portfolio companies and also at the firm’s Manhattan office.

He joins former Kennametal chief executive Carlos Cardoso who was appointed to a similar role in August.

Irving Place is investing out of its new $1.5 billion fund in industrial, core packaging, retail and consumer businesses valued between $150 million to $500 million.