Dave Smith

Dave Smith is the CEO of ASPEQ Heating Group, a portfolio company of Industrial Growth Partners, a manufacturing-focused PE firm with >$2B of AUM since its 1997 inception. Prior to IGP's 2019 purchase, Dave steered ASPEQ to a top-quartile outcome for Bunker Hill Capital despite coming on board in a turnaround capacity two years into BHC's ownership.

Before being recruited to head ASPEQ, Dave became a Divisional VP and BU Manager for Ametek's (NYSE: AME) Thermal Process Management Business Unit through AME's acquisition of O'Brien Corp. In this role, he executed numerous add-on acquisitions, plant consolidations/expansions, and international expansions, having a total P&L responsibility for ~$140M revenue/~$40M EBITDA, 380 employees, and five plants.

As President & CEO of O'Brien Corp., another IGP portfolio company, Dave completed an add-on acquisition, led an expansion into China, and doubled sales from 2008 and 2011. Prior to becoming CEO of O'Brien Corp., Dave worked as President for its founding family, a Director for MEMC Electronic Materials Corp., and as a Naval Flight Officer.

Dave serves or has served on the Board of Anova Furnishings (2020 - Present), Chemline (2019 -Present), Southern Petroleum Labs: IGP (2015-Present), Integrated Global Services: IGP (2014-2019), Essex Industries (2013-2017), and Boone Center (2012-2013).

Dave received his M.S. in Industrial Technology from Purdue University. He also received a B.S. in Aerospace Engineering from the United States Naval Academy.


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Lometa Capital Partners

Lometa Capital Partners is a multi-family office seeking to invest in strategically viable lower-middle-market companies in the manufacturing and business services industries.


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