Marc Jourlait has been named executive chairman of Cathay Capital Private Equity’s Innovative Motion Technologies (IMT).
IMT is the parent company of Micro-Air. Since 1983, Micro-Air has been a supplier of total control solutions focused on energy-efficient and reliable environmental control interfaces, primarily serving the RV and marine aftermarket industries.
In his new role, Cathay Capital said Jourlait will support IMT’s existing management as the company accelerates its organic growth across end markets. Jourlait also will deepen the company’s acquisition program after the integration of Micro-Air, which was acquired in late 2021.
Mark Woods, partner and head of North American Private Equity at Cathay Capital, said, “The inclusion of Marc in IMT’s journey is a major milestone as we look to build off the significant momentum and growth IMT has experienced. Marc is an accomplished and seasoned operating executive with a world-class approach to the private equity operating partner role. The Cathay Capital team looks forward to working with Marc as he partners with IMT’s existing management to help drive the next stage of growth in the platform. As we deepen value creation at our portfolio companies, proven operating partners like Marc have enhanced our ability to support management teams and drive scale within our portfolio.”
Jourlait will steer the company’s strategic planning process, advise IMT’s management and board on strategic initiatives and support add-on acquisitions.
“Joining IMT’s board at this juncture is both an honor and an exciting challenge,” Jourlait said. “With a robust foundation in place and a strong management team, led by CEO Rich Weeden, I look forward to championing IMT’s next phase of organic and inorganic growth and help drive significant value creation alongside the Cathay Capital team.”
