David Smith

Dave is currently 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 onboard in a turnaround capacity two years into BHC’s ownership.
Before being recruited to head ASPEQ, Dave became a Divisional VP and BU Manger 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 and had 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 to 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.
In addition to his work at ASPEQ, Dave serves or has served on the Board of National Gym Supply (2023- Present), D&S Car Wash Supply (2022-Present), Anova Furnishings (2020-Present), Chemline (2019-Present), Southern Petroleum Labs: IGP (2015-2021), Integrated Global Services: IGP (2014-2019), Essex Industries (2013-2017), and Boone Center (2012-2013).
Dave has a B.S.
in Aerospace Engineering from the United States Naval Academy and a Master of Science in Industrial Technology from Purdue University.