National Automation Services, Inc., www.nasautomation.com – veterans of the automated control systems industry and poised to become a leading provider-of-choice due to their renown for providing reliable design, engineering and installation, disclosed details recently regarding a $5M equity financing commitment obtained from private equity firm Ascendiant Capital Group, LLC, and its affiliate, Ascendiant Equity Partners, LLC.
The Nevada-based company, with its subsidiaries in NV and AZ, has quickly built a name for itself since being formed in 2007 from established companies representing 25+ years of industry experience. National Automation may sell shares of common stock to Ascendiant (up to the total commitment) during the 24-month term of the financing commitment at its sole discretion.
The management team at National Automation sees this equity financing facility as the perfect method for enabling flexible increased forward momentum, and it was selected out of the many financing strategies the company is pursuing due to its exceptional low cost in terms of debt to equity financing.
With a determined strategy of growth via internal refinement, the acquisition of compatible operations, and the geographical expansion of sales with an impetus toward increasing industrial clientele for the company’s intelligent solutions and industrial empowerment, National Automation has a portfolio that stretches from control systems integration through the engineering of instrumentation and process controls, to PLC and SCADA programming, control panel design and fabrication, radio telemetry, automation design consultation, contract manufacturing and even network design.
National Automation is a solid provider with plenty of spring in its leap, and this equity financing commitment will surely provide extra strength to reach new heights.
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