NEW YORK--(BUSINESS WIRE)--Eppinger Technologies (“Eppinger”), a leading manufacturer of highly engineered OEM and aftermarket CNC tooling products and precision automation solutions, today announced that Jason Struthers has joined the company as President and Chief Executive Officer.
The appointment follows the successful completion of the previously announced merger between Eppinger and Techniks Tool Group (“TTG”). Eppinger Technologies is a portfolio company of Z Capital Partners, L.L.C., the private equity fund management arm of Z Capital Group, L.L.C. ("ZCG"), a leading privately held merchant bank. Mr. Struthers succeeds Dean Glover. Former Eppinger CEO Uwe Eppinger will continue to support the combined business as a Managing Director.
Mr. Struthers brings 30 years of commercial and operational leadership experience at public and private industrial manufacturing businesses. Most recently, he has been serving as a director of Flexible Robotic Environment, a privately owned manufacturer of robotic solutions for the fine jewelry industry. Previously, he was President and CEO of The Crosby Group, a global manufacturer of premium accessories for the lifting, rigging, and securement industry. There, he implemented various growth initiatives – including expanding into new vertical markets, regions and channels as well as implementing salesforce optimization strategies and tools – that led to the company’s acquisition by one of the largest global alternative asset managers, and he was retained as CEO.
Earlier in his career, Mr. Struthers held various leadership roles at Kohler Co., IDEX Corporation, and Parker Hannifin Corporation, where he consistently delivered exceptional financial results through varying market cycles by leading diverse commercial teams and building customer-centric organizations. He has a B.S. in engineering from the University of Illinois at Urbana-Champaign and an MBA from Ashland University.
“Jason brings deep leadership experience and an exceptional track record of driving growth across the global manufacturing industry,” said James Zenni, Founder, President and Chief Executive Officer of ZCG. “As Eppinger moves forward as a combined company with global reach, expanded manufacturing and distribution channels, and increased offerings for customers, Jason is uniquely positioned to further scale the business and achieve continued success. I look forward to working closely with him to deliver continued growth for the platform globally.”
“I am excited to work closely with Jim and the entire ZCG organization. Leveraging ZCG’s expertise with Uwe and the newly merged Eppinger team, we will build on the company’s strong foundation and nearly 100-year history of providing high-quality engineering and product offerings and service,” said Mr. Struthers. “I have a deep appreciation for Eppinger’s offerings and legacy, and I am confident that as a combined business with TTG, Eppinger Technologies will now deliver that focus and technology on a significantly broader scale.”
“Jason is an exceptional leader and business builder, and I am thrilled to welcome him to the Eppinger Technologies team as we integrate two complementary organizations and expand the services and capabilities we provide to customers,” added Uwe Eppinger.
About Eppinger Technologies
Eppinger Technologies is a global leading mechanical engineering company supplying sophisticated, high precision automation solutions and tooling systems across the manufacturing space with expertise and product offerings across the aerospace, robotics, medical, automotive, defense, and energy industries.
Eppinger Technologies is a portfolio company of Z Capital Partners, L.L.C., the private equity fund management arm of Z Capital Group, L.L.C. ("ZCG").
For more information, please visit https://eppingertechnologies.com.
About ZCG
ZCG is a leading, privately held merchant bank comprised of private markets asset management, business consulting services, technology development and solutions.
For almost 30 years, ZCG Principals have invested tens of billions in capital and have industry leading track records in private equity and credit.
ZCG has approximately $6.5B of AUM in asset management and its investors are some of the largest and most sophisticated global institutional investors including pension funds, endowments, foundations, sovereign wealth funds, central banks, and insurance companies.
ZCG has a global team comprised of over 375 professionals. For more information, please visit www.zcg.com.