PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

New Water Capital’s KL Outdoor-GSC appoints new CEO

KL Outdoor-GSC, a New Water Capital portfolio company,  has named Charles L “Chuck” Smith as its chief executive officer.

The company, believed to be the world’s largest manufacturer of paddle sports equipment, was created by the April 2017 merger of recreational products makers KL Outdoor and GSC/Future Beach.
 
New Water partner John Disa said Smith brings a rare combination of business and entrepreneurial experience that includes sales and market development, managing relationships with big-box retailers, and several years in the outdoor sports products industry. “Chuck has an impressive track record of increasing sales and expanding market share at several companies, both in the recreational products category and other consumer sectors,” says Disa. “We were inspired by his enthusiasm for the potential of this great new company.”
 
Smith began his career in the consumer products industry, joining Hunter Fan and quickly moving into product development there. In 1998, he joined outdoor products supplier Wenzel Company, where, as president and later group president, he grew revenue substantially. Smith returned to Hunter Fan Company as president in 2005 and was named chairman and CEO in 2007.
 
“I am honoured to have the opportunity to help lead this exciting new company,” says Smith of his new position. “I am thrilled at the opportunity to develop new product offerings, and leverage multiple shipping points and increased manufacturing capacity to better serve our customers in this fast-growing sector.”
 
Tom Harris, president of KL Outdoor prior to the April merger, said Smith’s experience in working with major retailers and new product development will benefit the new company as it begins its planned market expansion. “He has a great ability to identify what the customer needs and how we can help our retailers be more successful,” says Harris.
 
“I think Chuck’s solid foundation in sales and product development and forward-thinking recognition of the growth potential are key to successfully leading the company,” says GSC President Robert Farber.
 
The CEO search process was led by Bryant Park Search Partners.
 
KL Outdoor/GSC manufactures kayaks and other recreational and outdoor products under the Sun Dolphin, Evoke, Future Beach, Equinox, Patriot, Heritage, and Viper brands, to name just a few. Company production facilities are located in the US and Canada.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured