Michael Fisch
The Operator
Execution, delivery and performance, gets the hard thing done.
Michael Fisch, co-founder and CEO of American Securities, is The Operator because he treats operational continuity as the primary lever of value creation. His 80% CEO retention metric is structural rather than rhetorical, a deliberate choice to optimise existing human capital instead of imposing transformation. Where much of private equity leads with disruption, Fisch leads with precision accountability, elevating workforce safety and operational efficiency to disciplines as fundamental as the deal itself.
“We wanted to support the existing CEO. Changing executives is risky. If we could just help them be the same or better, we'd have only good outcomes for investors.”
“Our CEO win rate is over eighty percent — eighty percent of the men and women running the business before we showed up are running it at exit or running it today if we still own it.”
“Being a good steward is about being efficient. You don't want to waste energy. Every monthly book from every one of our companies for years starts with safety — it's the most important thing.”
Masters in Business: “Michael Fisch on Private Equity Funds”
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