OpenGate Capital, a global private equity firm, announced in a joint statement with its portfolio company, Power Partners, Inc., a US-based manufacturer of distribution transformers, that PPI has appointed Mr. Koben Miceli as Chief Executive Officer, effective immediately.

Miceli is a results-oriented operating executive with a solid background in global operations management and a demonstrated track record in turnaround situations that have led to improved customer experiences and business growth. Miceli was previously with Dematic Corporation as Executive Vice President of Global Operations and had been promoted from the positions of Senior Vice President of Global Procurement and Vice President of Operational Excellence and Strategy. Prior to Dematic, Miceli has held senior operations positions with Nexeo Solutions as Director of Supply Chain Management, Catalent Pharma Solutions as General Manager, and Honeywell Corporate and Aerospace with the most recent title of Senior Director, Manufacturing Globalization Strategy.

“We are excited to have Koben join PPI as our new CEO,” said Desmond Nugent, Principal at OpenGate Capital responsible for the operations of the firm’s North American investments. “Koben’s track record of energizing teams, driving operational effectiveness and creating value makes him an ideal fit. We are confident he will infuse focus, enthusiasm and innovation at PPI.”

“PPI has a well-established platform to build upon and grow,” said Miceli. “I am thrilled to join the team and work to strengthen PPI’s product and services while maintaining our position as a leader in bringing the highest quality distribution transformers to our customers in all of our many communities.”

PPI is based in Athens, Georgia and manufactures overhead, round tank, and submersible distribution transformers to customers in the US, Mexico and in the Caribbean. Founded in 1958, Power Partners has produced over 8.9 million transformers and is a highly regarded name in the transformer industry.

OpenGate Capital acquired PPI in 2016 through the firm’s first institutional fund, which also holds Hufcor, EverZinc, Alfatherm, Bois & Matériaux, and Energi Fenestration Solutions in its global investment portfolio.