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In Homepage, Press Releases by Simon Group Holdings

Innovative Atlas Oil Hot Pumping Solution Receives First U.S. Patent

TAYLOR, Mich., March 7, 2017 /PRNewswire/ — Fuel Automation Station (FAS), a hot fueling solution, co-created by Atlas Oil Company, was awarded its first of many expected patents today. This industry-leading technology enables equipment to be refueled when engines are operational or “hot.” Fuel Automation Station, LLC is a separate entity founded by Simon Group Holdings (SGH) Founder and Chairman Sam …

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In Press Releases by Simon Group Holdings

VESTA Modular Acquires Assets of MSpace Holdings, LLC

BIRMINGHAM, Mich., Feb. 13, 2017 (GLOBE NEWSWIRE) — VESTA Modular today announced that it received court approval to acquire substantially all assets of MSpace Holdings, LLC. The acquisition involves approximately 1,700 modular units throughout North America and solidifies VESTA’s position as the fastest growing modular building provider in the country. Former customers of MSpace should not see any interruption in …

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In Press Releases by Simon Group Holdings

Soaring Pine Leads VESTA Modular Acquisition Of MSpace Holdings, LLC

BIRMINGHAM, Mich., Feb. 13, 2017 /PRNewswire/ — Simon Group Holdings (SGH) today announced that its portfolio company VESTA Modular received court approval to acquire substantially all assets of MSpace Holdings, LLC for $15.3 million. This acquisition involves approximately 1,700 modular units and was the result of a successful stalking-horse asset purchase agreement and court-ordered auction. The transaction marks another success …

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In Press Releases, Soaring Pine Capital by Simon Group Holdings

Soaring Pine Capital Acquires Aerospace and Department of Defense Provider ETI Tech, Inc.

BIRMINGHAM, Mich., Feb. 8, 2017 /PRNewswire/ — ETI Tech, Inc., of Dayton, Ohio, was acquired by majority investor Soaring Pine Capital (SPC), a Simon Group Holdings (SGH) company, SGH Founder and Chairman Sam Simon announced today. 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 …

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In Press Releases, Soaring Pine Capital by Simon Group Holdings

Soaring Pine Capital Receives a Payoff on its Financing of 25 Townhomes in Warren, Mich.

BIRMINGHAM, Mich. – Jan. 23, 2017 – Soaring Pine Capital (SPC), a Simon Group Holdings (SGH) company, announced that its affiliate LPI – Berkshire Estates, LLC received a final payoff on its loan to Night Owl Investments, LLC. In May 2015, Berkshire financed a $550,000 loan and provided a $2 million line of credit for the purchase of land and …

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In Press Releases by Simon Group Holdings

Finishing a successful 2016, VESTA Modular kicks off 2017 with new contracts

BIRMINGHAM, Mich. – January 11, 2017 Finishing a successful 2016, VESTA Modular kicks off 2017 with new contracts. As 2016 closed, VESTA completed its first project for Walmart – providing a modular facility to be used for transportation and logistics at a Southeast Distribution Center. “Working with Walmart was a great experience for our team; we were excited to have …

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In Press Releases, Success Stories by Simon Group Holdings

Atlas Oil Delivers Third Fuel Automation Station™ Use of Innovative Units Increases Efficiency, Safety and Reliability to Oil Drillers

TAYLOR, Mich. – Dec. 15, 2016 – This month, Atlas Oil Company delivered its third Fuel Automation Station to Halliburton for its Colorado operations. The unit provides consistent high quality fuel supply while protecting workers and eliminating downtime on the oil field during hot fueling. A continuous supply of onsite fuel is essential to hydraulic fracturing operations. Currently, workers must …

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In Press Releases by Simon Group Holdings

Atlas Cares Employee Team Hosts its 10th Annual Holiday Party at Selfridge Air National Guard Base

SELFRIDGE AIR NATIONAL GUARD BASE, Mich. – Dec. 6, 2016. More than 100 Simon Group Holdings and Atlas Oil team members hosted 2,600 United States military service men and women and their families on Sunday, Dec. 4, at Selfridge Air National Guard Base (SANGB), at its 10th annual event. “It gives us great joy to host this family Christmas celebration …

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In Press Releases by Simon Group Holdings

Soaring Pine Capital Extends Credit Facility to Park Street Group Realty Services to Expand Detroit Residential Acquisition and Rehabilitation Platform

BIRMINGHAM, Mich., Nov. 21, 2016 /PRNewswire/ — Soaring Pine Capital, a Simon Group Holdings company, announces that its affiliate Soaring Pine Capital Real Estate and Debt Fund, LLC has provided a senior secured credit facility to Park Street Group Realty Services, LLC. Since 2008, Bloomfield Hills, Mich., based Park Street Group has participated in more than 1,500 residential property transactions in …

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In Press Releases by Simon Group Holdings

Soaring Pine Capital Receives a Payoff on its Financing of 10 Apartment Buildings on the West Side of Detroit

BIRMINGHAM, Mich., Nov. 15, 2016 /PRNewswire/ — Soaring Pine Capital (Soaring Pine), a Simon Group Holdings company, announced that its affiliate LPI – Jordan, LLC (Jordan) received a payoff on its investment in MJS Financial, LLC (MJS). On Oct. 31, 2014, Jordan provided virtually all of the acquisition financing that allowed MJS to acquire 10 apartment buildings (334 units) in the …