NEW YORK – May 13, 2024 – MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced that Hugh Charvat has joined the Firm as an Operating Partner. As an executive with decades of experience in the heavy-duty aftermarket and industrials spaces, Charvat will serve as a value-added partner to the MidOcean team and its portfolio companies, focusing his efforts on sourcing and transforming businesses within these focus areas.
Charvat brings more than 30 years of experience to MidOcean’s Operating Partner Group. He has served as Chief Executive Officer across several heavy-duty and commercial aftermarket businesses, including Motorsports Aftermarket Group and APC Automotive Technologies, the latter of which was formed via a merger of AP Emissions Technologies, where he was CEO, and Centric. Additionally, he served as Chairman, President & CEO of Schrader International, Inc., and early in his career was Vice President of Global Sourcing and Product Management of FleetPride, Inc.
MidOcean Managing Director, Daniel Penn, commented, "We are thrilled to welcome Hugh to the MidOcean team. He has an exceptional track record of growing businesses and creating value, and we are confident MidOcean will greatly benefit from his comprehensive enterprise leadership experience and industry expertise. He is a valued addition to our team given our continued focus on the commercial aftermarket space.”
Charvat commented, “I am honored to be joining MidOcean and its exceptional group of operating executives. I look forward to engaging with the team and the Firm’s portfolio companies and leveraging my expertise across the heavy-duty aftermarket and industrial sectors. MidOcean has done fantastic work in the commercial aftermarket sector to date and has taken the time to understand and appreciate the dynamics and attributes of the heavy-duty marketplace which, in my experience, is a critical differentiator. I look forward to contributing to the growth initiatives ahead.”
In addition to his work with MidOcean, Charvat owns his own consulting business, The Charvat Group, where he leverages decades of expertise to advise various stakeholders on acquisitions, divestitures, and performance improvement of companies in the broader transportation industrial sector. He also currently serves on the boards of West Marine and Mishimoto.
