Sparus Holdings Strengthens Leadership Team

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Sparus Holdings, Inc. announced today that Andy Mathes and Helene Obst have joined the company in key management positions. Mr. Mathes was named vice president of corporate and business development and Ms. Obst director of human resources, both newly created positions.

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Sparus Holdings, Inc. announced today that Andy Mathes and Helene Obst have joined the company in key management positions. Mr. Mathes was named vice president of corporate and business development and Ms. Obst director of human resources, both newly created positions. Both will become members of the company’s leadership team, reporting to chief executive officer Ron Bertasi. Mr. Bertasi said, “I’m very excited to have these two talented executives join the Sparus team. The company is well positioned for success across all of our markets, and Helene and Andy will strengthen our team and play critical roles in driving our businesses forward.”

Mr. Mathes joins Sparus from Source Capital, LLC, a private equity firm and major investor in the company, where he served as a vice president responsible for originating, negotiating and executing investment opportunities, and served on the boards of several portfolio companies. Prior to Source Capital, he worked in investment banking for J.P. Morgan, Morgan Keegan, and Jefferies & Co. He holds a bachelors degree in business administration from the Giozueta School at Emory University.

Ms. Obst was most recently director of human resources for L-3 Communications, and previously held positions of increasing responsibility in the human resource function at VT Group and Recall Corporation. She began her career in the U.S. Air Force and holds a bachelors degree in business administration from the University of West Florida and a masters degree in human resources management from Troy State University.

About Sparus Holdings, Inc.
Sparus Holdings owns operating businesses providing field, professional, and technology services to utilities and other large industrial customers. Sparus has served the utility industry since the founding of Southern Cross Corp., its largest operating business, in 1946. Sparus provides strategic direction, management oversight, and financial resources to facilitate growth in its operating businesses. Based in Norcross, Georgia, Sparus is privately held by Source Capital, LLC and management. For more information, see http://www.sparusholdings.com.

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