BIRMINGHAM, Mich., June 19, 2017 — VESTA Modular today announced that it has expanded its team to further assist with the company’s rapid growth trajectory and strategic acquisitions.
The company announced that Joseph Lopardo has joined the team as VP of Operations, where he will continue to improve operational efficiencies and help implement key initiatives for the company’s future growth opportunities. Prior to joining VESTA, Lopardo dedicated a combined twenty-two years working in various sales and operational leadership roles for the two largest firms in the modular space industry, GE Modular Space and Williams Scotsman. Most recently, Joe ran EcoSpace Modular and led the execution of large scale modular projects throughout the United States. In addition, Joe represented the Modular Building Institute on the board of directors for ten years and served as the Industry President in 2010. “Simon Group Holdings backed VESTA based on the idea that betting on passionate people was the key to success. We continue to hold that view and when we got the chance to add someone with the energy, experience, and industry track record of Joe to our team, we jumped at the opportunity,” said Dan McMurtrie, VESTA CEO.
Also added to the team were Kelly Williams as the Director of Business Development for Permanent Modular and Jason Bussel in the role of Pre-Construction Manager. “The addition of Kelly and Jason further enhances our bench strength in focusing on the growing permanent modular construction solution,” said Billy Hall, VESTA COO. Similar to Lopardo, Williams has strong ties with the Modular Building Institute (MBI), serving as the President of the organization in 2015 as well as continuous involvement with the MBI today. Kelly brings 25 years of modular industry experience including previous work experience on the manufacturing side with the VESTA founders while at Champion Commercial Structures.
In addition, SGH Founder and Chairman Sam Simon announced that the Fund’s recently appointed Chief Investment Officer (David Melina) would be dedicating a portion of his time assisting VESTA with upcoming acquisitions and strategic direction. David Melina has extensive experience representing banks, financial investors, and companies in assessing strategic investment options in a wide variety of asset classes. Prior to joining SGH, Mr. Melina represented PNC Bank in the sale of distressed modular leasing company MSpace Holdings, LLC to one of SGH’s portfolio companies (VESTA Modular).
“We are tremendously excited to see the rapid growth of our portfolio company, VESTA,” said SGH Founder and Chairman Sam Simon, who also chairs VESTA’s board of directors. “I know from my own business experience that growth is not necessarily positive unless you have the team to capitalize on the opportunity. We are extremely happy that VESTA continues to attract the top management talent in the industry and by betting on the right people we believe growth will indeed be a wonderful thing for VESTA.” Simon, who heads SGH, also founded national fuel logistics giant Atlas Oil Company, in 1985.
About VESTA Modular
VESTA Modular (VESTA) is a portfolio company of Simon Group Holdings’ private equity growth fund Soaring Pine Capital, LLC, and offers turnkey permanent and temporary modular construction solutions for sale or lease across North America. Developed by a strong management team, VESTA brings a professional approach and unique perspective to its projects utilizing a greener, faster, and smarter way of building. THINKING BEYOND THE BOX is the company motto, emphasizing that the modular box is just a part of the overall project success. The Company provides modular solutions, for sale or lease, to the educational, hospitality, multi-family, assisted the living, institutional, Government, healthcare, workforce housing, office, and storage industries with an emphasis on quality, comfort, and safety.
About Simon Group Holdings
Simon Group Holdings (SGH) was created in 1985 with the founding of Atlas Oil Company by Sam Simon. SGH has 120 companies and direct investments, 3,000 customers and 1,000 employees. Its growth is fueled through digital disruption and by investing in operationally experienced entrepreneurs who have a vision and hunger to reinvent their respective industries. SGH has interests in comprehensive energy solutions; fuel supply; oil field services; logistics and transportation; real estate; private equity; technology services; aerospace and defense; and turnkey modular solutions.
William (Billy) R. Hall, Chief Operating Officer