Channel Technologies Group Names Ralph L. Phillips CEO 20-year Industry Veteran to Lead Rapidly Growing Provider of Specialty Technologies to Defense, Medical and Energy Industries Business Wire SANTA BARBARA, Calif. -- June 14, 2013 Channel Technologies Group, LLC (“CTG”), a manufacturer of piezoelectric ceramics, transducers and complex sonar and navigation systems used in the defense, medical technology and energy industries, today announced that Ralph L. Phillips has been named Chief Executive Officer. Mr. Phillips succeeds Kevin Ruelas, who is leaving to pursue new opportunities. CTG was acquired by a group led by an affiliate of Blue Wolf Capital Partners in December 2011. Adam Blumenthal, Managing Partner at Blue Wolf, said, “We are pleased to have Ralph join Channel Technologies at an exciting time for the company. His well-rounded industry experience and engineering expertise will be invaluable as the company pursues growth opportunities in the critical defense, energy and medical technology sectors.” Blue Wolf Principal Haranjeet Narulla added, “We thank Kevin for his years of work that built Channel Technologies into a market leader and wish him great success in his future endeavors. Going forward, we are committed to maintaining CTG's leadership status through new capital investments, a sharpened strategic focus, strong partnerships with customers and suppliers, and by building a top quality team that will spur Channel Technologies' growth.” Mr. Phillips most recently served as President of Smiths Interconnect, a division of Smiths Group Plc, a multinational engineering company. Before joining Smiths in 2004, he was president of TECOM Industries, a portfolio company of Veritas Capital. Earlier, Mr. Phillips held various management positions at Northrop Grumman, Litton Industries, and Teledyne. He holds a B.S. in Civil Engineering from Stanford University. Mr. Phillips said, “I am delighted to become part of the Channel Technologies team. I look forward to working with the many talented people at this dynamic company to break new ground and deliver the high-quality, forward-looking products that our customers demand.” About Channel Technologies Group Channel Technologies Group (www.channeltechgroup.com) is a vertically integrated manufacturer that specializes in mission critical technologies for military and commercial applications. Since its founding in 1959 as Channel Industries, Channel Technologies has been providing a broad range of highly engineered value added products, components, and systems for use in the most demanding environments. Channel Technologies' products and services are used in a variety of applications and by diverse end users, including medical device manufacturers, oil service and exploration companies, and customers in the defense industry, including several departments of the U.S. Navy and many leading defense contractors. About Blue Wolf Capital Partners Blue Wolf Capital Partners is a private equity firm that invests in companies in which effective management of relationships with complex constituencies, such as government and labor, can change organizations and create value. For additional information, please visit www.blue-wolf.com. Contact: Owen Blicksilver Public Relations, Inc. Caroline Luz, 203-656-2829 email@example.com
Channel Technologies Group Names Ralph L. Phillips CEO
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