VCID: 23968
Profile
Bio
Mr Colangelo joined MidMark in 2000. Mr Colangelo contributes to the team more than twenty-five years of operating experience in the defense, automotive, aerospace, and electrical products markets. For the nine years prior to joining MidMark, Mr Colangelo served as President and Chief Executive Officer of SPD Technologies Inc, a designer and manufacturer of a wide variety of electrical products and systems for the US Navy and the aerospace, utility and rail markets with revenues of $230 million and 1,500 employees. SPD Technologies was formed in 1987 through a management buyout co-led by Mr Colangelo. Again, in 1996 Mr Colangelo led the management buyout of SPD Technologies, for which MidMark Capital provided the equity. Mr Colangelo, through five acquisitions and an aggressive diversification program, strategically positioned SPD Technologies as the dominant player in its primary markets and negotiated the successful merger with L-3 Communications Inc. During his twenty years with SPD Technologies and its predecessor companies, Mr Colangelo served in a variety of executive positions in the areas of manufacturing, materials management, engineering and finance. Earlier in his career, Mr Colangelo held executive positions with RCA and Rockwell International. Mr Colangelo has served as a director of numerous companies, including SPD Technologies and several of MidMark's portfolio companies. In 1999, Mr Colangelo was the recipient in Greater Philadelphia and a national finalist of the Entrepreneur of the Year Award in Manufacturing. Mr Colangelo graduated from Rowan University (BA, 1975) and Xavier University (MBA, 1976).
Career
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MidMark Capital |