Past Coleman CEO and McCarthy Capital Corporation, an Omaha based private equity firm, team up to purchase Vornado.

(Omaha, NE and Andover, KS) – Bill Phillips, members of his management team, and McCarthy Capital recently completed the purchase of the operating assets of Vornado, the Andover based manufacturer of premium branded room comfort appliances. Vornado has long been recognized as the leader in air movement sciences; the Vornado brand dates back to the 1940s when the iconic fans were first manufactured.  The current product assortment includes a wide range of whole room air circulators, heaters, humidifiers and purifiers.

Bill Phillips, Vornado’s president and chief executive officer is a proven consumer products executive with 26 years of management and leadership experience with the Coleman Company, including 6 years as its president and CEO.  Vornado’s chief operating officer, Randy Brillhart, is also a seasoned industry executive having spent 25 years with Coleman, serving the past 8 years as the company’s svp, sales and trade development.  Experienced in banking, new business startup and strategic business development, Drew Jones, Vornado’s chief development officer spent 8 years with Coleman as well, most recently directing the company’s largest and most heavily capitalized business unit. Kay Reed, Vornado’s chief financial officer and 18 year Vornado veteran, completes the management team now operating Vornado from its headquarters in Andover, KS.

 “The level of our admiration and trust for the people, the principles and the practices of McCarthy Capital Corporation simply can not be described effectively,” said Phillips.  “We have been shoulder to shoulder with them for many months, we have benefited from their considerable assets at work, we have watched them calmly execute during the bad times and then sharpen their focus during the good times.   Not once did they lose sight of the prize.  Never, did they leave our side.  MCC is our partner, every company should be so fortunate.” 

McCarthy Capital Corporation is based in Omaha, Nebraska. The company manages nearly $1billion in assets. The company focuses on opportunities to partner with management teams to help build their businesses. Dana Bradford, president of McCarthy Capital commented, “We spend a great deal of time looking for opportunities to invest in well branded, market leading companies with proven management teams. We feel fortunate to have found all three in this partnership. We’re looking forward to working with Bill and his team.”

McCarthy Capital Corporation is a subsidiary of McCarthy Group, LLC, an Omaha merchant-banking firm.

About McCarthy Group, LLC

Founded in 1986, McCarthy Group provides investment capital and intellectual resources for businesses with attractive growth prospects, established profitability and proven management. McCarthy Group manages nearly $1 billion, with equity investments in middle to late-stage companies in a variety of industries.  McCarthy Group’s partnership style allows for continuation of successful business strategies and management philosophies, while providing the investment capital and financial expertise to enhance continued growth.

For additional information please visit Vornado Air’s website at www.vornado.com, McCarthy Group’s website at www.mccarthygroup.com or contact (402) 932-8600.