Bestige Holdings has named Steve Pallotta as a managing director. Previously, Pallotta worked at Suzohapp where he was executive vice president of operations.
July 23, 2020 – Park City, UT – Bestige Holdings, a private investment firm focused on building and developing high potential businesses, welcomes Steve Pallotta as the newest member of its team. Pallotta will play a significant role in maximizing performance at Bestige’s portfolio companies.
Pallotta, a veteran executive with 24 years of operational leadership and consulting experience, quoted Bestige’s team and approach as key factors in his decision to join the firm: “In an industry known for short-term decision-making, Bestige’s focus on long-term partnership and sustained growth is refreshing. As a career operator, nothing makes me more excited than knowing we’ll have the time, resources, and support to implement our operational vision and effectuate true, lasting change with our partner companies. I’m excited to join such a high caliber group of professionals and use my skillset and experience to add value in any way that I can.”
Pallotta has spent his career designing and implementing organizational restructuring initiatives for both small, domestic companies and large, global conglomerates. In his latest position as Executive Vice President of Operations for Suzohapp, a global fintech, manufacturing, and distribution company owned by Acon Investments, Pallotta led various operational and organizational improvement initiatives across North America, Europe, and China. His most intensive assignment included overseeing the consolidation of six locations across Europe and North America into a greenfield state-of-the-art global distribution center.
Prior to his leadership role at Suzohapp, Pallotta held several executive-level operations positions while working as a Senior Operator for Monomoy Capital Partners. In this role, he worked directly with the private equity firm’s portfolio companies to improve key business functions including finance, operations, sales and management. He spent 12 of his formative professional years at Dewolff, Boberg & Associates, an operations-focused consulting practice, culminating his time there as Partner and Chief of Operations.
About Bestige Holdings
Bestige Holdings is a long-term focused private investment firm that is building and developing a portfolio of investments in businesses with high potential, clear reasons to exist, and strong value propositions. Investment candidates typically include those with headquarters and/or significant operations in North America, $25 to $300 million of revenue, and $3 to $20 million of EBITDA. For additional details about Bestige, please visit www.bestigeholdings.com.