With two decades of experience managing companies to exceptional results, Shiffman is well qualified to lead Divcon through a rapid phase of growth

Divcon Controls ("Divcon"), a global systems integrator delivering facility management automation and monitoring solutions to the world's biggest mission-critical data center operators, announced today that Marc Shiffman has become its new Chief Executive Officer and has joined the company's Board of Directors.

Mr. Shiffman joins Divcon with extensive experience in technology and services leadership, having successfully run multiple companies as an operationally adept executive in partnership with innovative founders. Most recently, Mr. Shiffman served as CEO of SMS Assist, where under his leadership the facilities management technology company grew revenue to nearly $1 billion.

Before SMS Assist, Mr. Shiffman provided strategic, financial, and operating support to entrepreneurs leading early-stage startups as they scaled.

"I am excited to join Divcon at this point of rapid growth. The board has entrusted me to further shape the company's culture of innovation and product excellence at a moment of huge opportunity in the market," Shiffman said. "I am glad that Divcon and I will have access to co-founders John Palacios and Ben Crowell and the expertise they have accumulated through the years."

The mission-critical data center market has experienced significant growth in recent years, as customer needs have dramatically increased the demand for more compute-intensive facilities. Divcon expects to increase revenue 80%+ YoY in 2025.

"Marc's successful track record of pairing innovation and operational excellence is a perfect fit to ensure Divcon remains focused on delivering exceptional value for our customers as we accelerate our business," said John Palacios, co-founder and Chief Technology and Operating Officer at Divcon. "I am confident that Marc is the right person to lead the company through this next phase and help us solidify our position as a leader in the Critical Systems industry."

Kevin Timmons, previously CEO, will continue as a senior advisor to the company.

About Divcon Controls

Headquartered in Dallas, TX, Divcon Controls provides building management and electrical power monitoring systems to mission-critical facilities, enabling the customer to control, automate, and monitor energy and power functions. With over 9 million square feet of white space under management and more than 1 gigawatt commissioned since 2017, Divcon is one of the largest independent control systems contractors globally specializing in colocation data centers and mission-critical facilities. Divcon's mission is to provide its customers with cost-effective solutions to meet their exact building automation needs. Divcon, which is backed by Sustainable Investing at Goldman Sachs Alternatives, strives to accomplish this through technology, innovation, and client-focused personal service.

About Sustainable Investing at Goldman Sachs Alternatives

Goldman Sachs (NYSE:GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

Sustainable Investing at Goldman Sachs Alternatives seeks to invest in thematic climate transition and inclusive growth opportunities by backing companies that have an impact in these two areas. The leadership and broader team bring decades of combined experience, broad investment knowledge across the sustainability landscape and a proprietary corporate network of sustainability leaders from global corporations – all supported by the broader resources of Goldman Sachs.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.3 trillion in assets under supervision globally as of June 30, 2025. Follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251014161449/en/

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Patrick Lenihan

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