Having a tremendous amount of business experience, KTECH Capital is dedicated to providing capital and resources to achieve long-term growth.
Joe Klunk, Managing Partner
In 2013, Joe led the highly successful carve-out sale of Parkway's fast growth, high technology Aerospace Composites Division to EDAC Technologies, a portfolio company of Greenbriar Equity Partners. This business unit was subsequently resold by EDAC to Meggett, plc in December, 2015. Joe continues to serve on EDAC's Board of Directors as a co-investor and valued advisor for its aerospace metals businessses.
In 2015, Joe sold the rest of Parkway's industrial and automotive businesses to Capital Partners, a Connecticut based PE firm to concentrate on growing KTECH.
Joe sits on the Boards of several companies, professional associations & his family charitable foundation. He is active in the Angel investing community serving on the advisory board of the Kentucky Angel Network and the investment committee of Connetic Ventures.
He is a graduate of Miami University and has an MBA from Xavier University. Prior to joining Parkway, he was a Certified Public Accountant for Deloitte & Touche. Joe resides in Asheville, NC and Kiawah Island, SC with his wife Laura. They are a "Miami Merger" class of 1978 and have two adult children, Sarah & Andrew.
Prior to founding KTECH, Joe served as Chairman and CEO of Parkway Products, a Florence, KY based global leader in custom molding technologies for 30 years.
During Joe's tenure at Parkway, the Company grew exponentially from a single location to an international business enterprise with focused factories throughout the USA & Mexico.
While At Parkway, Joe orchestrated six acquisitions, four joint ventures, three greenfields and three divestitures. Joe is recognized as an industry expert in M&A activity with a special emphasis on aerospace & plastics.