BIRMINGHAM, Mich., June 5, 2017 /PRNewswire/ -- Simon Group Holdings (SGH) Founder and Chairman Sam Simon today announced the appointment of David Melina as Chief Investment Officer. Melina will provide strategic counsel regarding all aspects of the SGH's investment and growth strategy including advising each of its portfolio companies – VESTA Modular, ETI Tech and Tikoo Solutions, among others.
A 1975 Yale University business and finance graduate, Melina has an extensive background representing banks and equity funds, assisting those organizations with both turnaround and disposition of troubled assets. Most recently he represented a bank in its disposition of MSpace Holdings, LLC, which was acquired by VESTA, in February 2017.
According to Simon, "Dave is a great addition to the SGH leadership team. The fact that he was on the other side of one of our deals and saw how our team strategically prevailed, is a testament to the fact that we're attracting the best talent in the industry. In Dave's case, his extensive financial experience and network will lead to new opportunities and partnerships, among SGH platform companies and investments, as well as externally."
Melina's prior roles include: senior consultant representing a $76 billion private equity group in its ownership of an $80 million annual revenue Midwest stocking electrical supply distribution company; CFO, Sentry Investment Partners from 2012-2015; and COO, Costa Kondylis & Partners, LLP from 2008-2012. In this role, Melina managed the acquisition and repositioning process for The Buckingham Hotel in New York, valued at $135 million. He advised The Carlyle Group, New York City, on the reprogramming of five completed residential buildings valued at more than $500 million. Additionally, he negotiated and closed a branding and design fee agreement with The Trump Organization, including projects in Istanbul, Dubai and Warsaw.
"In this business, everyone has a vision, but it's rare you also find the capital, resources and an unwavering and supportive team, not to mention a founder who is committed and approachable," Melina said. "I wanted to join Sam Simon and his SGH team because they're all of this and more. Over the 18 months I represented a competitor, I couldn't help but admire their consistency, tenacity, smart moves and quality of the team. I look forward to contributing to the company's continued success."
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.
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SOURCE Simon Group Holdings