CapitalWorks is excited to announce its portfolio company, Libra Industries, has named Jim Kircher, President and Chief Executive Officer. Mr. Kircher has held various executive positions within the contract manufacturing industry for the past twenty years and has over thirty years of experience in various technical industrial manufacturing positions. Jim has distinguished himself in key roles with Jabil Circuit – where he held multiple leadership positions across ten years and as a Vice President with Flextronics.
Prior to joining Libra in October 2020 as President, Jim was the Chief Commercial Officer of Faulhaber US. Mr. Kircher has a proven track record of creating customer-centric EMS organizations that execute successful growth strategies serving customers that require highly engineered, integrated systems. Mr. Kircher stated that “I am elated to join an agile-thinking, vertically integrated, EMS business with a world-class suite of capabilities and managers focused on solving the complex manufacturing needs of Fortune 500 customers. I look forward to being a part of the growth of this unique enterprise.”
Mr. Kircher succeeds Rod Howell, the founder of Libra Industries. Mr. Howell started in the industry working with his father machining customized fasteners. Later, Mr. Howell moved into selling industrial diamond cutting tools. In 1980, Mr. Howell and his brother, Chris, founded Libra Industries. Over the next 40 years, Mr. Howell led the successful growth of Libra into a world-class EMS contract manufacturer. In 2019, Mr. Howell sold a majority of Libra to CapitalWorks. In 2020, Rod led the merger of Libra with GEM City Engineering and Manufacturing and also led the acquisition of the former Benchmark Technologies facility in Guaymas, Mexico. Mr. Howell will remain an owner and board member. Mr. Howell stated “Libra is in a great position and in great hands for a transition. I am proud of our accomplishments, but even more excited about the future of this incredible business.”
Todd Martin, Managing Director and President of CapitalWorks expressed his gratitude toward Rod Howell’s “leadership and partnership” while welcoming Jim Kircher as the “right leader for the next generation of Libra.”
Libra Industries, https://www.libraindustries.com is a vertically integrated contract manufacturer providing electronic manufacturing services (EMS) to OEM customers in the Aerospace & Defense, Medical, Semiconductor, Communications and Industrial markets. Libra has a full suite of contract manufacturing capabilities and services including complex assembly, printed circuit board assembly, precision machining, sheet metal fabrication, wire & cable harness, engineering, distribution and electronic box build capabilities. Libra specializes in managing its customers’ entire complex bill of material for the duration of their program lifecycles.
CapitalWorks, LLC https://www.capitalworks.net is a is a Midwestern private equity firm that encourages its knowledgeable investors to partner with it in finding, vetting and owning companies. Based in Cleveland, Ohio, CapitalWorks acquires lower middle-market companies in niche manufacturing and business services industries and gives them the capital, support and freedom to grow. Recent acquisitions include Electromechanical Research Laboratories, Inc, Libra Industries, ESSCO, Ohio Blow Pipe, and C&M Conveyor. Founded in 1999, the firm’s investors are primarily successful entrepreneurs and executives who contribute to the evaluation of investment opportunities and ongoing governance of those investments. Please direct any inquiries to email@example.com.
Dick Hollington, CEO
Todd Martin, President
Mikel Harding, CFO