Triple S Announces New Division, Triple S Holdings
Mr. Sadler informed the attendees that Triple S Holdings' primary mission is to establish company-owned branches in open or transition markets. “Triple S Holdings will provide a new option for owner-principals (Member and Non-members) that are looking to exit their distribution businesses”, stated Mr. Sadler. The newly created division will also look to assist current Triple S Members that wish to expand through acquisition or greenfield startups. A majority of the shares in Triple S Holdings will be held by Standardized Sanitation Systems, Inc. and one or more corporate officers of Standardized Sanitation Systems, Inc. Initially Mr. Sadler will serve as president of Triple S Holdings, and Standardized Sanitation Systems, Inc (Triple S).
“Triple S Holdings is being created to preserve and provide an ongoing return on the assets of SSS, Inc., notably our 52 year old Brand and Proprietary Systems, our National Logistics Platform, our Sales and Marketing Programs and our evolving IT Platform", said Mr. Sadler. "The leadership of Triple S, our Board of Directors and senior staff believe that Triple S Holdings will provide the company with a unique opportunity to protect and grow the investment that has been made by all Triple S stakeholders (our Member-Distributors, Supplier-Partners and our staff). Collectively we will be better positioned, on a long term basis, to serve the consuming customer.”
Established in 1960, Triple S is a national distribution services and logistics company that provides facility maintenance solutions to the healthcare, education, commercial, retail, government and building services contractor markets. Local service and support solutions are made available through a network of Member-Distributors and regional distribution centers.
For more information, please contact:
Alan E. Sadler, President
Triple S Holdings
2 Executive Park Drive
Billerica, MA 01862
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