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Supply Source Enterprises, Cleveland, Ohio, parent company of The Safety Zone and Impact Products and now a platform of private equity firm H.I.G. Capital, on Tuesday announced that it named Steve Schultz, president and CEO of SSE and a member of the company’s board of directors.
Schultz is an experienced B2B manufacturing and distribution executive with 25 years’ industry experience. The move coincides with H.I.G.’s acquisition of SSE from Genuine Parts Co., also on Tuesday.
Rahul Vinnakota, managing director at H.I.G., said, “The SSE companies offer extensive product portfolios and differentiated value-added services to a wide array of users across several end markets. We appreciate the loyalty and support of our strong customer base during these difficult times and look forward to continuing to exceed their expectations in the future. H.I.G. will bring additional expertise and resources to SSE to support management as they continue to broaden SSE’s customer base, expand offerings and enhance services. Importantly, given the critical role of these businesses in the COVID-19 pandemic, we remain committed to ensuring continuity of service to customers while prioritizing the wellbeing of employees.”
Steve Schultz, president and CEO of SSE, added, “I am delighted to have the opportunity to lead this organization going forward. The Safety Zone and Impact Products are each highly respected industry players, with dedicated people and strong brands. We found an ideal partner in H.I.G. to support the continuation and expansion of our strong core businesses, global reach, unmatched product breadth and robust customer relationships.”