The 2020 Mid-Year Economic Update_long

H.I.G. Capital Names President of Newly Acquired SSE

Supply Source Enterprises

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 as president and CEO of SSE and a member of the company’s board of directors.

Steve Schultz

Schultz, pictured right, 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.”

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.