VSI Global Announces Matt Rudolph as President

CLEVELAND, Jan. 10, 2019 /PRNewswire/ -- The Board of Directors of VSI Global, LLC ("VSI"), a portfolio company of Lakewood Capital, LLC and Spartacus Partners LLC, is pleased to announce Matt Rudolph has joined the Company, effective immediately, as President.

Mr. Rudolph joins VSI having most recently served as Vice President, Product Sales with STERIS/IMS. Prior to STERIS/IMS, Matt spent 18 years as Vice President of Spectrum Surgical Instruments and a member of the senior leadership team. At Spectrum, Matt led the daily operations of the Company that resulted in doubling sales over a 4 year period, and growing the company to 242 employees while achieving a 99% customer retention rate.  Matt commented, "I am fortunate and excited to join North America's largest commercial cleaning equipment remanufacturing company that for over 24 years has provided customers with fleet management programs to save time and money while providing a strong sustainability program."

Roger Knight, Chairman of VSI and Managing Partner of Lakewood Capital and Spartacus Partners, noted, "I am extremely pleased to have someone of Matt's caliber and experience joining the senior management ranks of VSI. As our business reach expands and our clients seek ever more sophisticated management of their equipment, Matt's history in developing turnkey programs for diverse organizations will be invaluable. VSI reputation is second to none when it comes to repair/remanufacturing of equipment and its sustainability record is unmatched in the industry. However, our capabilities in managing, monitoring and maximizing the utilization of a fleet of diverse assets across multiple locations gives us a unique combination to offer our clients. We are excited to support Matt and our incomparable team in the years ahead."

VSI Global is an international provider of repair and remanufacturing services of cleaning equipment to a broad client base, including a number of the larger retail companies in the world, as well as healthcare systems, educational facilities, government and office installations, and other high traffic environments. The Company's services provide its customers with a turnkey operation, lowering overall maintenance costs, increasing efficiency at the operations and corporate levels, and providing data analytics to manage and monitor diverse fleets of equipment in multi-location environments. VSI reporting capability supports best practice initiatives in chronically undermanaged operations. All of this is accomplished through the most environmentally sensitive program that exists in the industry. Additional information is available at www.vsiglobal.com, on the Company's LinkedIn page and by contacting Roger Knight, Chairman [email protected] or Matt Rudolph, President: 800-997-8227 [email protected].

About Lakewood Capital:
Lakewood Capital was formed in 2007 to team with operating management to make control investments in private companies active in the lower middle market. Lakewood targets businesses that have developed a strong position in their core markets and are facing opportunities/challenges/transition as they move toward the next stage of their developments. Lower middle market businesses often reach a point where their existing resources, be they financial, operational or human, need to be expanded, adjusted and/or reallocated to continue to prosper. These times often occur when founding management seeks less active involvement, new market opportunities arise, growth outstrips current capacity, and/or the competitive landscape changes. Lakewood prides itself on partnering with existing management to capitalize on these times of transition, with the mutual goal of building stronger, more dynamic, more competitive operations in the process. Additional information is available at www.lakewoodcap.com and by reaching Roger Knight, Managing Director: 203-604-0863 [email protected].

About Spartacus Partners:
Spartacus Partners was established in 2015 as a sister company to Lakewood Capital, providing capital from family offices, and high net worth individuals to opportunities with an initial requirement below the target markets for Lakewood's institutional partners. The close connection with Lakewood enables Spartacus investments to access resources atypical for businesses in their size range, while expanding the universe of potential opportunities investors associated with Lakewood can access.

SOURCE VSI Global, LLC