View Post

In Articles, Homepage by Simon Group Holdings

The American Dream: Sam Simon – Entrepreneur Sam Simon has built his success by betting on people.

If you want the ideal example of an immigrant achieving the American Dream, look no further than Sam Simon, founder and chairman of Simon Group Holdings and Taylor-based Atlas Oil. Simon came to America from Armenia at age 9 with his parents and four siblings. “We had nothing,” he said. “My father never believed in taking money from anyone. He didn’t want welfare. …

View Post

In Articles, Homepage by Simon Group Holdings

Profiler Talk: Soaring Pine’s Sam Simon on investment in military parts supplier

  This article is reprinted with permission from Mergermarket, the leading provider of forward-looking M&A intelligence and data for global professionals and corporations. For more information visit: www.mergermarket.com. Soaring Pine Capital, a Simon Group Holdings company, earlier this year acquired a majority stake in Dayton, Ohio-based ETI Tech, a parts supplier to the military and aerospace sectors. Founded in 1996, …

View Post

In Articles, Homepage by Simon Group Holdings

Simon company buys Utah modular housing firm

A winning bid at a bankruptcy auction in Salt Lake City last week has sharply grown Vesta Modular and Housing Solutions Inc., one of the portfolio companies of Birmingham-based Simon Group Holdings. Vesta’s bid of $15.3 million in cash beat three other bidders for more than $100 million in assets of Salt Lake City-based M Space Holdings LLC, an owner …

View Post

In Articles, Homepage by Simon Group Holdings

Birmingham’s Soaring Pine Capital Acquires Aerospace and DoD Provider ETI Tech Inc.

Birmingham-based Soaring Pine Capital, a Simon Group Holdings company, today announced it has acquired ETI Tech Inc. in Dayton, Ohio. Founded in 1996, ETI is a leading provider of more than 200 flight hardware parts for military aircraft and ground support equipment for the aerospace defense industry, including fixed and rotary wing aircrafts and unmanned aerial vehicles such as the …

View Post

In Articles by Simon Group Holdings

New owner says Englewood defense firm will grow

The new chief executive of an Englewood defense contractor said Wednesday that the company’s new owners don’t intend to lay off any of the current work force. “Everybody’s employed,” Bill McLendon said of ETI Tech Inc., where he has been named president and CEO. “Our only intention is to add, to the capabilities and to the staff.” ETI Tech, Inc. …

View Post

In Articles by Simon Group Holdings

Bloomfield Hills Man Brings Holiday Cheer to Selfridge

Santa Claus came to Selfridge, riding in a sleigh filled with gifts and laughter. On Dec. 4, More than 100 Simon Group Holdings and Atlas Oil team members hosted 2,600 United States military service men and women and their families at Selfridge Air National Guard Base, home to the 127th Wing. Bloomfield Hills resident Sam Simon, chairman of Simon Group …

View Post

In Articles, Homepage by Simon Group Holdings

Sam Simon Deals in Undervalued Companies with the Same Attitude that Built His Atlas Oil

Sam Simon, who launched Taylor-based Atlas Oil Co. in 1985 with a single truck and a credit card and built it into a $2 billion-a-year fuel wholesaler, is building a network of private equity funds based in downtown Birmingham. The funds operate as a family office for Simon and five wealthy local families, who requested anonymity. The funds have raised …

View Post

In Articles by Simon Group Holdings

Sam Simon Grows Network of Investment Vehicles

Sam Simon’s Birmingham-based private equity interests include growing numbers of funds and portfolio companies. The various legal entities operate under the brand of Simon Holdings Group, which was created in 1985 with the founding of Taylor-based Atlas Oil Co., which has grown into a $2 billion-a-year company. (See related story.) Simon Holdings operates as a family office for the Simon …

View Post

In Articles by Simon Group Holdings

Private Equity Firm Buys Solution Provider To Capitalize On Telco Infrastructure Upgrades

Looking to capitalize on infrastructure upgrades in the cable industry, private equity company Soaring Pine Capital said Friday that it has acquired Chicago-based cable installation services provider Technology Solutions Inc. After the acquisition earlier this month, Technology Solutions was rolled up into a holding company, Tikoo Solutions. “The cable industry is undergoing dramatic changes,” said Jerry McCoy, CEO of Tikoo, …