Borgman-backed Material Handling Holdings appoints president of three companies

Material Handling Holdings, which is backed by Borgman Capital, has named Matt Zielsdorf as president of Lift Products Inc, Derco Manufacturing and Solution Dynamics. Zielsdorf is a former vice president of sales and marketing at Peerless Food Equipment. Lift Products Inc. is a manufacturer of ergonomic industrial equipment; Derco is a metal fabrication business; and Solution Dynamics is a distributor of warehouse, storage and industrial equipment. All three companies are owned by Material Handling Holdings.

PRESS RELEASE

WAUKESHA, February 18, 2019 – Matt Zielsdorf has been named President of Lift Products Inc., Derco Manufacturing, and Solution Dynamics, all three companies are owned by Material Handling Holdings.

Matt has 25 years of experience in sales leadership in the capital equipment industries. He spent 16 years with Peerless Food Equipment located in Sidney, Ohio (manufacturer of capital equipment for the baking industry) in various management rolls and ending his time at the company as Vice President of Sales and Marketing. Matt also served as President of Definox, Inc. in New Berlin, Wisconsin and Fritsch USA in Cranbury, New Jersey. Before arriving at Lift Products Inc., Derco Manufacturing, and Solution Dynamics, Matt served as Vice President of Sales and Marketing at Apache Stainless Equipment Corp. in Beaver Dam, Wisconsin.

Assuming the role as President, Mr. Zielsdorf said, “I am looking forward to continuing to grow the Lift Products, Derco Manufacturing, and Solution Dynamics business. We have an excellent team in place and I believe our growth potential is unlimited.”
Matt grew up in Ohio, moved to Wisconsin in 2012, and currently resides in Pewaukee with his family. He is a graduate of the University of Dayton with a B.S.B.A. in Marketing.

ABOUT LIFT PRODUCTS: Lift Products Inc. is a manufacturer of ergonomic industrial equipment with an emphasis towards lift tables, tilt tables, upenders and electric platform trucks. Our corporate offices are based in Waukesha, WI while our factory operates in Waupun, WI. We are a customer driven company consistently looking at new ways to reach out to and support our dealer network and OEM manufacturers. Our driving principle is “Innovation in Ergonomics” whereby we strive to make the workplace safer and more efficient by removing potentials for injury and bottlenecks in processes.

ABOUT DERCO MANUFACTURING: Derco Manufacturing is a metal fabrication business. The company fabricates the steel frames, assembles the products, installs hydraulic systems, builds and installs electrical components, and has a paint booth for all product finishing. Derco Manufacturing prides itself on meeting customer needs through its flexible manufacturing to produce custom products to meet the toughest customer specifications.

ABOUT SOLUTION DYNAMICS: Solution Dynamics is a national distributor of warehouse, storage, and industrial equipment. Products include a full range of materials handling equipment. Solution Dynamics offers excellent value on top products from quality manufacturers, excellent customer service, and total customer satisfaction.

ABOUT BORGMAN CAPITAL: Borgman Capital is a privately held investment firm focused on acquiring majority interests in established closely held lower-middle market companies. Our focus is profitable businesses with high quality management in place. We are a buy and hold investor. Our strategy is to minimize the use of leverage in order to invest in and grow the portfolio long term. We are an independent sponsor, and we raise equity for each transaction. The primary source of funds are personal equity, accredited investors, and family offices. The firm is managed by Sequoya Borgman, David Bartelme, and Mike Pepke. The firm’s website is located at www.borgmancapital.com.