Alpine 4 Technologies Ltd (OTCQB:ALPP) has announced that its A4 Defense Systems (A4DS) holding subsidiary has agreed to acquire Thermal Dynamics International, Inc (TDII), an engineering, fabricator, and project management services company based out of Fort Myers, Florida.
Alpine 4 said TDII's primary client is the US Federal Government, including the Department of Defense and Department of State.
“While TDII is a non-aerospace acquisition for us, it does put us firmly in bed with the US Federal Government. For the past 34 years, TDII has been a pillar of support for the Department of State and its complex embassy and consulate system worldwide,” Alpine 4 Technologies CEO Kent Wilson said in a statement.
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“The company, on average, generates between $9 million and $13 million in annual sales. Further, with the addition of TDII, the Alpine 4 family of employees is now over 350 strong, and spans across 6 states that proudly build, design and manufacture in the US,” Wilson added.
“Over the next 18 months, the ALPP and TDII management teams will enact several capital purchases that will allow TDII to grow in excess of $50 million by the end of 2025," he said.
Alpine 4 noted that TDII specializes in managing complex project assets and infrastructure for its customers, including support services for the thermal engineering and design of US Embassies and Consulates worldwide.
The acquisition is expected to close by May 17, 2021.
Phoenix-based Alpine 4 Technologies is a diversified technology holding company that acquires businesses that are on the cusp of growth, with huge upside potential for market share and revenue generation.
Alpine 4’s overall acquisition strategy focuses on existing smaller, middle-market operating companies with revenues of $5 million to $50 million, and each business retains its own leadership with help from the holding company.
Contact Sean at sean@proactiveinvestors.com