CHICAGO, May 4, 2021 /PRNewswire/ -- Rapid Displays and
Outform, leading providers of custom merchandising display
solutions and retail innovation services, are excited to announce
that they have appointed Steve
Adolph as Chief Executive Officer of the to-be-announced
group holding company. Ariel Haroush, Founder of Outform, has
been named President and Vice Chairman of the Board and will lead
the creative, design, innovation, marketing, and sales activities
for the group. Rapid Displays and Outform will retain their
distinct brands but offer their portfolio of marquee global brands
and retailers the benefits of enhanced global scale and
capabilities. In April 2021,
the two businesses were combined under a holding company affiliated
with Gemspring Capital, a private equity firm focused on partnering
with middle market companies.
Mr. Adolph brings more than 30 years of experience driving
growth of global consumer and retail services businesses. He
recently served as President International of SPAR Group, a global
provider of retail merchandising solutions, where he established
global processes and drove significant revenue and EBITDA growth
across a portfolio spanning nine countries. Prior to SPAR,
Mr. Adolph was the President of Kalamazoo Outdoor Gourmet, a
manufacturer of high-end, luxury outdoor grills, pizza ovens, and
refrigeration. Earlier in his career, Mr. Adolph spent 15 years at
Monsanto in a variety of sales and marketing roles and was the VP
of Marketing at Cott Beverages.
"I look forward to working with the talented team members at
Rapid and Outform across the globe to build upon the long history
of prioritizing customer service, driving innovation, and
delivering forward-thinking merchandising solutions to help shape
the future of retail," said Steve
Adolph. "With a differentiated service offering from
ideation to execution, I am confident that we are in an excellent
position to drive growth by partnering with global brands and
retailers to comprehensively support their innovative merchandising
strategies."
Ariel Haroush added, "We have
been on a mission to lead the retail marketing industry, deliver
for our global customer base, and create a collaborative culture
for our extremely talented global employees. I could not
imagine a more qualified executive to lead this group of brands
than Steve. He brings a wealth of retail experience, a deep
understanding of global retail, and a proven history of leading
businesses that operate in all the major retail global
marketplaces. I look forward to partnering with Steve as the
business enters its next phase of growth."
About Rapid Displays
Rapid Displays offers custom
retail displays, store fixtures, kiosk merchandising, and more for
an end-to-end visual merchandising solution. With over eight
decades of experience, over 500 employees and 1 million square feet
of working space, Rapid is a one-stop shop for retail merchandising
solutions. One integrated team of retail experts, designers,
advisors and project managers results in a tailored and seamless
experience for each customer. For more information, visit
www.rapiddisplays.com.
About Outform, Inc.
Outform has taken the global
retail industry by storm over the last few years, specifically in
the consumer electronics space, providing technology infused
solutions via a strategic process that is unmatched in the
industry. Outform specializes in creating tangible consumer
engagements that elevate, connect and humanize brand experiences.
Outform unites leading experts in research, strategy, design,
innovation, and manufacturing, who work together to create
unforgettable brand experiences. Interdisciplinary teams work in
close collaboration with clients, helping to provide innovative
solutions and elevate brands. Outform's user-centric, data-driven
approach focuses on creating a seamless experience across different
environments. For more information, visit www.outform.com
About Gemspring Capital
Gemspring Capital, a
Westport, Connecticut-based
private equity firm with $1.1 billion
of capital under management, provides flexible capital solutions to
lower middle market companies. Gemspring partners with talented
management teams and takes a partnership approach to helping drive
revenue growth and value creation. Target companies have up to
$500 million in revenue and are in
the aerospace & defense, business services, consumer services,
financial and insurance services, healthcare services, industrial
services, software and tech-enabled services, or specialty
manufacturing sectors. For more information, visit
www.gemspring.com
Contact: Charles Fraas,
charles@gemspring.com
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SOURCE Gemspring Capital