Karan Rai, founder and managing partner of the private equity firm ASGARD Partners & Co. in New York City, has been named CEO of Revision Military, a world leader in purpose-built ballistic and laser eye protection for military and tactical use.
Revision, based in Essex Junction, was sold to ASGARD Partners and Merit Capital in 2019. Since that time, Rai has served as chair of Revision's board of directors.
"The board is excited for the next stage of growth under Karan's steadfast leadership and dedication to our customers," said John Darguzas, principal at Merit Capital and board member. "We are committed to supporting Revision in reaching its full potential by delivering the highest-quality products that keep our customers safe in harm's way."
Prior to founding ASGARD, Rai was president of ADS Inc., a leading specialty distributor and supply chain solutions provider for all branches of the U.S. Department of Defense. He holds an MBA in finance and strategy from Yale School of Management.