Mr. Rued is a Co-Founder and Managing Partner at HCI Equity Partners and oversees the origination, management and development of the Firm's investments. Current portfolio companies that he is actively involved with include Roadrunner Transportation Systems, Inc., SouthernAg Carriers, Inc., HVH Transportation, Inc., Milan Supply Chain Solutions, Tribar Manufacturing, Commercial Steel Treating Corporation, Go To Logistics and Adept Plastic Finishing. Mr. Rued joined the HCI team as a Managing Partner in 2003 and previously was the Co-Founder, President and CEO of Hidden Creek Industries (a partnership with Onex Corporation) which was founded in 1989.
In his successful 14 years of private equity investing at Hidden Creek Industries, Mr. Rued was responsible for the initial acquisition and development of four investment platforms, including over 40 follow-on acquisitions. The largest platforms have been fully monetized, including Commercial Vehicle Group, Inc., Automotive Industries, Tower Automotive and Dura Automotive.
Hidden Creek Industries transformed Automotive Industries from a manufacturer of interior trim products to a full service designer and producer of complete interior systems on a global basis. Revenues for the company grew from $120 million to over $900 million. The company was taken public in 1992 and sold to Lear Corporation in 1995. Tower Automotive grew from $83 million in 1993 to over $2.5 billion in 1999 when Hidden Creek Industries/Onex sold its remaining ownership in the public market. Dura Automotive Systems grew from a $110 million producer of control mechanisms in 1991 to a $2.7 billion producer of control mechanisms and systems. Hidden Creek Industries sold its shares in the public markets in the years 1999 through 2004. In addition to his board role at all Hidden Creek Industries portfolio companies, Mr. Rued also served as CFO of both Automotive Industries and Tower Automotive through much of their growth period, including during their initial public offerings.
Prior to joining Hidden Creek Industries, Mr. Rued was with Arthur Andersen & Co. He also served as Executive Vice President and CFO of Xerxes Corporation and affiliates, a group of companies based in Minneapolis engaged in manufacturing, banking and hospitality.
Mr. Rued has a Bachelor of Science in Business Administration from the University of North Dakota.