S&S Worldwide is under renewed ownership. Larsen MacColl Partners, the Utah ride manufacturer’s largest shareholder, acquired majority ownership in the company towards the end of September, including all shares previously held by founder Stan Checketts.
Based in Radnor, Pennsylvania, Larsen MacColl acquired a significant stake in S&S Worldwide (formerly S&S Power) back in February of last year (2009). A private equity fund focused on profitable middle-market companies, Larsen MacColl formed a partnership with S&S based on its “proven business model, solid management team and significant growth potential.” It now anticipates continued strong growth for S&S domestically and internationally, driven by the company’s commitment to product innovation and customer service.
S&S will continue to be led by president and CEO Rich Allen, who joined the company in 1997, and Kevin Rohwer, who has been with S&S since 2002, will maintain his role as vice- president of sales and marketing, overseeing the global sales team.
The Koffman family and affiliated shareholders will maintain their ownership interest in S&S and are represented on the board of directors by Jeffrey Koffman. Stan Checketts, who together with wife Sandy gave S&S its name, is no longer a shareholder and has ended his consulting relationship with the company in order to pursue other business interests.