PHOENIX, Nov. 8, 2019 /PRNewswire/ — Alpine 4 Technologies (OTCQB:ALPP) continued its acquisition strategy today with the announcement that it has entered into a purchase of Deluxe Sheet Metal, Inc. (DELUXE) of South Bend, Indiana. This acquisition adds to Alpine 4’s Construction Services portfolio which began in 2019 with its purchase of Morris Sheet Metal, Corp. (MORRIS). This will be the sixth acquisition that Alpine 4 has made in the past four years.
About Deluxe Sheet Metal: Deluxe is a company that has been in business for over 45 years, specializing in all aspects of Commercial and Industrial Sheet Metal installations. Servicing top research institutions like the University of Norte Dame and large companies like GE, Deluxe is the go-to company for complex thermal and HVAC design in their region.
Completed in 2004, Deluxe’s facility is home to a 59,000-square-foot building purposefully tucked away into a hillside on South Bend’s northwest side. Within their building is a 35,000 square foot fabrication shop filled with skilled Union craftsmen and some of the latest in modern equipment and advanced technologies giving Deluxe the abilities to meet some of the most arduous demands of today’s complex construction projects. The facility is one of the most modern operations in the area.
Kent B. Wilson, CEO of Alpine 4, had this to say: “We’re excited about adding Deluxe to the Alpine 4 family. The addition of Deluxe will have an immediate impact on Q4 revenue. Deluxe is expected to play a significant role as a Stabilizer in the Alpine 4 umbrella of companies. Also, the Deluxe transaction has some very compelling strategic and financial benefits:
- First, even though our subsidiaries are separate functioning entities, they can share in the benefits of being a part of the Alpine 4 family. The combined ownership of Deluxe and Morris Sheet Metal expands our geographic reach and overall scale as a company. The addition of Deluxe’s service footprint in key geographies of; Northwest Indiana, Chicago, IL and Southwest Michigan combined with MORRIS’s presence in Fort Wayne, IN and its geographical footprint Ohio, enhances Alpine 4’s existing offering platform and market density. This acquisition will better insulate both MORRIS and DELUXE against hostile competition and allow both companies to thrive even more with a bundling of their competitive advantages.
- Second, this Enhances their combined Customer Base and Product Offerings. Deluxe has a unique and well-defined customer base including the University of Norte Dame, and is considered a leader in the development of high-tech construction services. The combined portfolio of proprietary brands broadens Alpine 4’s offering.
- Last, Significant Synergistic Opportunities are realized. Alpine 4 expects to achieve approximately $1.4 million in annual run-rate cost synergies. Cost synergies have been identified primarily in the procurement of materials (especially with spiral ductwork), operations and logistics.”
Deluxe Sheet Metal Intro Video: https://youtu.be/blC_VOqakPA
Learn more about Alpine 4 and our Driver, Stabilizer, Facilitator (DSF) business model at www.alpine4.com
About Alpine 4 Technologies:
Alpine 4 Technologies, Ltd. (ALPP) is a publicly traded conglomerate that is acquiring businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4 we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies even in brick and mortar businesses can drive innovation. We also believe that our holdings should benefit synergistically from each other and that the ability to have collaboration across varying industries can spawn new ideas and create fertile ground for competitive advantages. This unique perspective has culminated in the development of our Blockchain enabled Enterprise Business Operating System called SPECTRUMebos.