Vacuum Systems International Incorporated

About

Vacuum Systems International Inc. specializes in remanufacturing and repairing cleaning equipment, particularly vacuum cleaners and electrostatic sprayers, providing essential maintenance solutions for clients across North America.Vacuum Systems International Incorporated, headquartered in Cleveland Heights, US, was founded in 1994. The company focuses on remanufacturing and repairing cleaning equipment. Roger Knight serves as the CEO. In June 2015, Lakewood Capital acquired the company, although deal financials were not disclosed.VSI Global specializes in the remanufacturing and repair of cleaning equipment, focusing on vacuum cleaners and electrostatic sprayers. Their services include a dedicated call center where technicians assist clients in diagnosing issues, often resolving them remotely. For clients requiring more extensive support, VSI offers quick turn-around solutions, including immediate replacement units for rotational customers. The company caters to a diverse clientele, including national chain stores, enhancing operational efficiency while reducing environmental impact through their sustainability initiative, which emphasizes repairing over replacing equipment.VSI Global generates revenue through a structured service model that includes partnerships with national retailers and service agreements for regular maintenance of cleaning equipment. The company operates on a subscription or contract basis, ensuring ongoing service for clients' fleets of vacuums and electrostatic sprayers. Revenue streams include fees for repairs, remanufacturing services, and participation in sustainability programs, such as the Vacuum Cleaner Sustainability Program and the Electrostatic Sprayer Rotational Program, which are crucial to their service portfolio.Following the acquisition by Lakewood Capital, VSI Global aims to expand its product offerings, with upcoming new cleaning equipment models expected to launch by mid-2016. The company plans to enter new geographic markets, particularly targeting the Midwest and Southern regions of the US by the end of 2016. The funding from the recent acquisition is anticipated to support these expansion initiatives, focusing on enhancing their service capabilities and product lines.