Steven E. DarnelL President and CEO Steve came to SPG after serving as a Group President with Leggett & Platt, Inc. Under Steve's leadership, the Storage Products Group became a key profit contributor to the corporation and a market leader in the industry. Steve led the efforts to form the now independent SPG. Steve brings the organization more than 25 years of progressive management and leadership experience in both domestic and international operations, working in industrial and consumer product companies. Among the companies he has served are Allegheny International, Gulf Oil, Frito Lay, and Atlantech International. As a management professional with a quarter of a century of progressive P&L experience, Steve is a self-motivated leader who believes in building strong, effective management teams - a strategy he developed by employing his experience as a Captain in the United States Marine Corps. As President/CEO, Steve brings our organization the skills of a successful problem-solver committed to building excellent communication among employees, our sales network and end-users. By placing the highest value on the need for improved bottom line profitability through careful analysis, detailed strategic planning, and flawless execution, Steve is dedicated to the long-term growth and market dominance of SPG. Steve received his B.S. from John Carroll University and an M.B.A. from Webster University.

Pegasus partnered with the company's President and CEO, Steven E. Darnell, a seasoned industry executive who will retain that position with the new holding company, named SPG International LLC ("SPG" or the "Company"). "We are delighted to have partnered with Pegasus Capital Group," commented Steven Darnell, President and CEO of SPG. "We look forward to taking the next step in our Company's worldwide growth with the resources and experience Pegasus brings to SPG." Patrick Whelan, Managing Partner at Pegasus, said, "We are excited to partner with Steve Darnell and SPG's highly motivated management team who have proven themselves by increasing profitability despite this challenging economic environment via superior customer service and developing innovative solutions that have allowed them to gain market share.

"This is truly a unique and effective way to display all we have to offer," said Steve Darnell, President and CEO of SPG. "It captures the essence of a real foodservice operation, attracts attention on the showroom floor and demonstrates SPG's total solution capabilities through the breadth of products we make. And it does it in an environment that everyone in the industry can relate to." Darnell said that visitors were surprised by the array of products SPG makes - and he emphasizes that the company could only display a tiny fraction of the thousands of items it makes.

"It's a rallying cry throughout our entire organization," explains Steven E. Darnell, President and CEO of SPG International, LLC, as the new company is now known. "We're no longer part of a big conglomerate, so we're already leaner, meaner, more agile and free to respond faster to the needs of our customers and the opportunities in the marketplace. As a result, Darnell says foodservice and material handling customers can: "These are not merely our intentions for the new SPG," says Darnell. "We already have the plans and programs in place to improve every aspect of our business." "What's exceptional about this is that everyone at SPG recognizes our independence as an opportunity to transform SPG into a world-class organization," says Darnell.

"The SPG Grill is a unique concept that was extraordinarily well executed by LKH&S - and that attracted the attention of everybody at the show," said Steve Darnell, President and CEO of SPG. More importantly was how well it delivered the key message. "Everyone got it," said Darnell.