Calera Capital Names Orzetti As Operating Partner

Oct 17 2017 | 9:05pm ET

Middle-market private equity firm Calera Capital has named veteran auto aftermarket executive Edward Orzetti as an operating partner.

In his new role, Orzetti will support the company’s efforts to identify, evaluate and build attractive platform investments in the automotive aftermarket, Calera said in a statement. 

Orzetti brings more than 25 years of experience building and leading successful automotive aftermarket and other industrial businesses Calera. Prior to his appointment, he served as CEO of Transtar, the largest manufacturer and distributor of aftermarket transmission parts and services in North America, with over 2,000 employees and $500 million in annual revenues. 

Beforehand, he was CEO of Keystone Automotive Operations, a leading distributor of specialty automotive aftermarket equipment and accessories, with over 1,500 employees and $700 million of annual revenues. Orzetti has also held a variety of senior executive roles at leading corporations, including General Electric, Textron and VWR International.  He began his career as a helicopter pilot in the United States Army.   

Calera intends to commit $40 to $200 million of equity per investment in transactions primarily focused on family or founder-owned businesses, the statement added. Transactions types may include recapitalizations of private and public companies, corporate divestitures, and growth equity investments.

Founded in 1991, Calera Capital is a private investment firm focusing primarily on opportunities in the business services and specialty industrials sectors. The company has invested more than $3.3 billion since inception. 

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