Recently, Bob Chance, President and CEO of National Automation Services, an established regional automation and control systems company with plans to go national in 2011, sat down for an interview with SmallCapVoice.com, discussing the company’s future plans. In particular, he went over the aggressive acquisition strategy they are currently pursuing. Below are some of the key points of the interview:
• The automation and control industry represents a $400 billion per year market. It serves virtually any operation involving the flow of items or materials, providing automation and control technologies that allow these processes to run automatically, with little or no human intervention.
• The industry has only a handful of major companies, such as Siemens, Johnson Controls, and Honeywell, together with roughly 300 small regional companies, mostly in the $3 million to $5 million range. Many of these are excellent companies, but simply don’t have the resources to expand beyond their regional operations.
• The fractured nature of the industry represents an opportunity for NAS to acquire the best of these companies, creating a national presence. The company is already in discussions with acquisition targets, and is expecting to move forward very rapidly, going national sometime next year.
The entire interview can be heard on the SmallCapVoice website, at http://smallcapvoice.com/blog/10-11-10-interview-with-national-automation-services-inc-pink-sheets-nasv
For more information on NAS, see the company’s website at www.NASAutomation.com
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