Ryan Cieslak

Vice President, Equity Research Analyst

Ryan joined Northcoast Research in May 2017 as a Vice President and Senior Research Analyst covering the Industrial sector. Prior to joining Northcoast Research, Ryan received the Thomson Reuters’ StarMine Analyst Award in 2017 as a #2 stock picker in the Trading Companies and Distributors Industry. Also, Ryan spent 11 years at KeyBanc Capital Markets where he was part of the industrial research team recognized in several consecutive years by Greenwich & Associates as #1 or #2 in the U.S. for small/mid cap industrials research. He was promoted in 2014 as AVP, Senior Equity Analyst where he initiated and ramped coverage on the industrial distribution space and quickly built notable recognition through proprietary channel work. Prior to his role covering distribution, he focused on the transportation/logistics sector including as Associate Equity Analyst from 2011 to 2014 where he supported coverage of 18 companies and was lead analyst on various logistics companies. He began his career in 2004 at FTN Midwest Research as a research associate. Ryan earned a Bachelor of Science in Business Administration degree with a Finance focus from the University of Dayton.

Industrial Distribution

Applied Industrial Technology – AIT

Fastenal Company - FAST

HD Supply - HDS

Kaman Corporation – KAMN

MRC Global Inc. - MRC

MSC industrial Direct Co., Inc. - MSM


W.W. Grainger, Inc. - GWW

Wesco International - WCC

Contact Information

phone   216.468.6919 (direct)
mobile   216.409.9856
email     ryan.cieslak@northcoastresearch.com