Waste Management Technology
IPO
(CEO, Shareholder, Market Visioning, P&L Responsibility)
EUROPE AMERICAN Consulting Group acquired a controlling interest in this
US pre-IPO waste management technology company in 1982. Acquired controlling
interest in this $396,000 firm. Grew sales to $1.8 million with a profit
of $300,000. This was done through the following action:
- Switching from cast iron to high alloy steel for key parts of the
system, thereby making the system more reliable.
- Developing better relations with municipal customers by taking a greater
interest in ensuring that the systems ran well and improving customer
service.
Within 2 years effected an IPO on the NASDAQ system.
In 1986, EUROPEAN AMERICAN Consulting Group's interest was sold and as part
of the price, we acquired a water pump manufacturing operation in France.
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