Stephen Kapsalis Email and Phone Number
Successful career as a senior executive leading organizations in the mechanical, environmental, petroleum, and power industries in the United States and abroad. Significant international experience in generating organic revenue growth, and orchestrating financial and operating performance turnarounds of under-performing assets. A solid record of achieving significant sales and profit growth while reducing direct & indirect expenses, working capital requirements, and debt in a concerted effort to create “Prime Value” for the shareholders.> Successful turnaround of businesses such as American Air Filter. Sales were grown organically from $299 million to $517 million from July 2003 through December 2007 for a 13% annualized growth rate after a -1% CAGR for the prior ten years. Increased operating profit by 105% over the same period. > International business experience serving on private and public Board of Directors in U.S., Europe, Middle East, India, and Asia. > Introduction and implementation of a vigorous strategic planning process based upon exhaustive market research, cataloging of core competencies, identification and ranking of opportunities, selection of targeted opportunities, gap analysis, and calendared action plans tied to incentive compensation plan.> Registered Professional Engineer in PA, OH, IN, IL, KY, OK, MT, FL, SC, NC, and Alberta, Canada. Extensive experience in the design, product enhancement, and manufacture of engineered equipment such as air pollution control baghouses, gas turbine inlet filter and SCR exhaust systems, heat recovery steam generators (HRSG), once through steam generators (OTSG), power boilers, waste heat recovery units (WHRU), military vehicle fabrications, ASME pressure vessels, piping, process skids and cold boxes for ambient and cryogenic service.> 20 years of experience establishing successful global sourcing supply chains developing suppliers and subcontractors in low cost countries.
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PresidentCapstone Equipment & Capstone Engineering Nov 2016 - PresentLouisville, Ky, Us -
CeoExpress Group Holdings Apr 2013 - Oct 2016Implemented the “Prime Value” strategic planning process and led the major restructuring for this $125 - $140 million/year business with approximately 400 employees located at six (6) facilities through Oklahoma, Utah, Indiana, and Calgary. Recruited by a private equity firm to improve the operating efficiency and financial performance of this underperforming portfolio company. This group of companies designs and/or fabricates Once-Through Steam Generators (OTSG) for thermal enhanced oil recovery projects, Heat Recovery Steam Generators (HRSG), Simple Cycle Catalyst Systems (SCR), Waste Heat Recovery Units (WHRU), and Acoustical Silencers, Shrouds, and Enclosures for customers such as ConocoPhillips, Devon Energy, Siemens, GE, Duke Energy, and Constellation Energy. • Reduced SG&A by $1.7 million. • Restructured credit facility.• Introduced global sourcing initiative to reduce material and component cost by sourcing in Asia and Mexico.• Improved annual EBITDA by $15+ million from 2013 – 2015, excluding any one-off gains.• Navigated the step decline of oil prices in late 2014 which resulted in the loss of a significant source of revenue.
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President And Chief Executive OfficerVogt Power International Nov 2009 - Apr 2013Louisville, Kentucky, UsLed strategic planning process, implemented detailed action plans, and provided daily leadership for this $200 - $300 million/year business with approximately 225 employees. Vogt Power is a premier supplier of Heat Recovery Steam Generators (HRSG) to utilities, gas turbine O.E.M.s, and independent power producers (IPP) around the world. • Opened Vogt Power’s first international sales, engineering, and operations office in Bang Na, Thailand to better serve the customer base in that region.• Created and led a marketing plan to increase sales of HRSG units to Siemens Energy, GE, Calpine, Gama, and Enka. This effort culminated in the award of multiple HRSG units in Venezuela, Thailand, Latvia, and the U.S.A. -
President & CeoAaf International (American Air Filter) Jul 2003 - Nov 2007Cramlington, Northumberland, GbLed the turnaround of this $500 million/year business with 2860 employees and 22 factories supporting sales in 69 countries, reversing 10 years of -1% CAGR to achieve 4 years of 14% CAGR. The Air Filter Division serves commercial & industrial facilities, “Big Box" retailers (The Home Depot, Lowes, Wal-Mart, etc.); and semiconductor and non-semiconductor clean room owner/contractors (Intel, Infineon, Seagate, etc.). The Power & Industrial Division provides ancillary equipment to major gas turbine OEM’s (GE, Alstom, Mitsubishi, Rolls-Royce, etc.) and end-users; air pollution control systems to major international power, steel, and cement producers (TVA, British Steel, Holderbank, Lafarge, etc.); and filters and equipment to nuclear power plants, processing facilities, and research laboratories. Each division has an independent, robust, and growing aftermarket parts & service segment• Increased sales organically from $299 million to $517 million from July 2003 through December 2007 (forecast as of November 2007) for a 14% annualized growth rate. • Increased operating profit by 105% over the same period. Shareholders realized significant gains from this creation of “Prime Value” when acquired by Daikin Industries, Ltd in 2006 at a valuation of 21 times EBITDA.• Established 3 factories and 12 sales offices on mainland China to become the air filter market leader in China.• Launched the Gas Phase Filtration Business to complement AAF International’s 85 year focus on particulate filtration.• Rebuilt R&D organization with 2 new laboratories, developed proprietary media, increased annual spend by 200%. -
Vice President & General ManagerAaf International (American Air Filter) Aug 2000 - Jun 2003Cramlington, Northumberland, Gb -
Vice President & General ManagerAaf International (American Air Filter) Oct 1995 - Jul 2000Cramlington, Northumberland, Gb -
Engineering/Project ManagerPullman Power Products 1982 - 1988
Stephen Kapsalis Education Details
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University Of LouisvilleCivil Engineering -
University Of Pittsburgh-JohnstownCivil Engineering Technology/Technician
Frequently Asked Questions about Stephen Kapsalis
What company does Stephen Kapsalis work for?
Stephen Kapsalis works for Capstone Equipment & Capstone Engineering
What is Stephen Kapsalis's role at the current company?
Stephen Kapsalis's current role is President at Capstone Field Services.
What schools did Stephen Kapsalis attend?
Stephen Kapsalis attended University Of Louisville, University Of Pittsburgh-Johnstown.
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