Private Equity
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Gary Cappeline
Operating Partner

Gary joined AEA in 2007 as an Operating Partner. He is involved in evaluating acquisitions, maximizing the value received from portfolio companies and supporting our Asian operations. He currently serves on the boards of Evoqua Water Technologies and Swanson. Gary also served on the boards of former AEA portfolio companies Houghton International, RelaDyne, Shoes for Crews, Tampico Beverages, and Unifrax.

Before joining AEA, Gary was president and chief operating officer of Ashland Inc., a diversified chemical company. His responsibilities included strategic planning and execution for Ashland’s four divisions, oversight of value-adding projects, investor relations and numerous global acquisitions. He was a member of the executive committee. Gary spent the first 23 years of his career with Ashland holding positions of increasing responsibility. He then left to join Engelhard Corporation as a group vice president. He then joined Honeywell Corporation as president of their chemical sector. Before returning to Ashland in 2002, he was at Bear Stearns Merchant Bank, its private equity arm, as chemical industry partner.

Gary was a member of the board and executive committee of the American Chemistry Counsel. He currently is on the board of Innophos Corporation, a publicly traded company.

Education Advanced Management Program, Harvard University
Postgraduate Courses, Indiana University
M.S., City College of New York
B.S., City College of New York
Location New York
Business Private Equity, Middle Market
Portfolio Company Involvement Evoqua Water Technologies
Houghton International
Northern China German Automotive
RelaDyne, Inc.
Shoes for Crews
Swanson Industries
Tampico Beverages Inc.
Unifrax Corporation

  • $11b

    With approximately $11 billion under management, AEA is a leader in global, middle-market private investing.

  • 100+

    With approximately 120 employees, including over 75 investment professionals, AEA’s experienced and focused team leverages deep industry knowledge and exceptional operational expertise.

  • 5/3

    With five offices across three continents, AEA has an unparalleled global network of relationships with family owners of industrial companies, business executives and influential government leaders.

  • 1968

    Founded in 1968 by members of the world’s leading industrial families, AEA is one of the oldest and most experienced private equity firms with a long legacy of success.

  • 75

    AEA has more than 75 Participants, who include some of the world’s pre-eminent industrial families, business executives and former government leaders.