LOGAN, UT – S&S Worldwide, Inc. is pleased to announce that its largest shareholder, Larsen MacColl Partners LP, has recently acquired majority ownership in the company, including all shares previously held by company founder, Stan Checketts.
Larsen MacColl Partners, based in Radnor, Pennsylvania, acquired a significant equity interest in S&S Worldwide, Inc. (“S&S”) in February 2009. A private equity fund focused on profitable middle-market companies, Larsen MacColl formed a partnership with S&S based on its proven business model, solid management team, and significant growth potential. Since 2009, the strategic and financial support of Larsen MacColl has contributed significantly to the company’s on-going success.
The Koffman family and affiliated shareholders will maintain their ownership interest in S&S and are represented on the Board of Directors by Mr. Jeffrey Koffman. Stan Checketts, founder of S&S, is no longer a shareholder and has ended his consulting relationship with the Company in order to pursue other business interests.
As the majority owner of S&S Worldwide, Larsen MacColl anticipates continued strong growth by S&S, both domestically and internationally, driven by industry leading product innovation and customer service. S&S will continue to be led by Rich Allen, President and Chief Executive Officer. Since joining the company in 1997, Mr. Allen has been responsible for the day-to-day management and operations of the company. Kevin Rohwer, who has been with S&S since 2002, will maintain his role as Vice President, Sales and Marketing, with responsibility for the oversight of all worldwide sales and marketing efforts and direction of the company’s global sales team.