Cyprium Investment Partners, a non-control private equity firm, has completed a new preferred equity and subordinated debt investment in Chief Enterprises Holding LLC, with the proceeds used for growth and to facilitate the recapitalization of the company.

Chief is led by its founder and CEO Andy Gabelman, who will remain the principal shareholder. Through this transaction, the company's management team have also become meaningful shareholders. The management team will retain economic and operational control of the company.