The Derecktor yacht Cakewalk was built for Charles Gallagher. He is the owner of Gallagher Industries.
Gallagher Industries is headquartered in Denver. It is a family-held private equity venture capital firm. Gallagher invests in profitable businesses and builds them into significant national and international companies. The firm has acquired and developed diversified manufacturing and distribution entities. With combined revenues in excess of one billion dollars.
Applied Industrial Materials
The success of Gallagher Industries began in 1986 with the acquisition of Applied Industrial Materials Corporation. Charles Gallagher saw the unrealized business potential in this International Minerals and Chemicals division. Charles
Gallagher transformed the company to generate significant earnings. He paid down the transaction debt and bought out an outside investor group in less than two years.
Sold for US$ 400 million
Gallagher sold Aimcor in 1997 to Walter Industries for USD 400 million. Charles Gallagher began his career with Owens Corning Fiberglass in Toledo, Ohio.
In his 20 years there, he held several senior management positions. In 1980 Gallagher became President and CEO of Denver-based Susquehanna Corporation. Where he executed a successful turnaround of this publicly-held building products company.
Chalres Gallagher Net Worth
Charles Gallagher has a net worth of more than US$ 500 million. Until a few years ago, he owned a 55 meter Benetti yacht, also named Cakewalk.