Press Releases – 2010

Association for Corporate GrowthNovember 2010

John Pollock was elected to a three year term on the Board of Directors of the Western Michigan Chapter of the Association for Corporate Growth.

 


NEX Solutions Ranks #38 in the Manufacturing Category on the 2010 Inc. 5000 List

Grand Rapids, Michigan
September 13, 2010

Inc. magazine ranks Nex Solutions # 38 in the manufacturing category, and #1,883 overall on its fourth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy-America's independent-minded entrepreneurs. Music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, maker of the iconic children's red wagon, are among the prominent brands featured on this year's list.

Inc. 5000"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."

Nex Solutions ranking is based upon a three year growth percentage of 144%. "Our goal is to become the premier steel fabrication, weld and powder coating facility in the mid-west" stated Kevin Grossman, General Manager at NEX Solutions. "Economic conditions have made growth difficult; we are thankful for the confidence and support our customers have shown us over the years. It is their willingness to depend on us that has fueled our growth."

The Inc. 5000 posted an aggregate revenue of $321.6 billion in 2009, up more than 50 percent from the previous year. The top five industries by total revenue are Business Products & Services ($84.7 billion), Health ($48.3 billion), Consumer Products & Services ($26.4 billion), Retail ($22.3 billion), and Government Services ($15.1 billion).

About Nex Solutions

Nex Solutions is a leading provider of custom steel fabrication, welding and powder coating services - specializing in large components and assemblies that require a high degree of structural integrity. Nex Solutions has also been honored as a 2010 "Michigan 50 Companies to Watch"; named to The Fabricator Magazine's "Fab 40" list of the most successful US steel fabricators; and honored by Corp! Magazine as a 2010 "Michigan Economic Bright Spot". Nex Solutions is an ISO 9001:2008 registered company. For more information, please visit our website at www.nexsolutions.com.

Contact Information:

John C. Pollock
Managing Director
LV2 Equity Partners, LLC
616-540-2606
jcpollock@lv2partners.com

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

Download a printable PDF of this press release.

 


NEX Solutions has been recognized as one of the 2010 “Michigan 50 Companies to Watch”

MIDLAND, Michigan (May 7, 2010)

LV2 Equity Partners, a Midland based private equity group, is pleased to announce that NEX Solutions has been recognized as one of the 2010 “Michigan 50 Companies to Watch”. NEX was honored in an awards ceremony on April 29th in Lansing, sponsored by the Edward Lowe Foundation and presented by the Michigan Celebrates Small Business. Winners were selected by Michigan-based judges from the banking, economic development, entrepreneurship development and venture capital communities.

Companies making this list are a remarkable group of second-stage businesses. Defined as having 6 to 99 full-time employees and generating $750,000 to $50 million in annual revenue, these companies form the back-bone of Michigan’s economy. Representing all regions of the state and a diverse range of industries, companies like NEX Solutions are known for their exceptional entrepreneurial leadership, use of innovation in creative ways, and their sustainable competitive advantage.

About NEX Solutions

NEX Solutions is a leading provider of custom steel fabrication, welding and powder coating services – specializing in large components and assemblies that require a high degree of structural integrity. NEX is an ISO 9001:2008 registered company and has developed extensive quality systems and processes to better serve customers. For more information, please visit their website at www.nexsolutions.com.

About LV2 Equity Partners

LLC LV2 Equity Partners is a private equity group based in Midland, MI, focused on investing in small to lower middle market companies ($3–30 million in sales). LV2’s strategy is to partner with solid management teams in niche manufacturing segments that possess strong prospects for growth. LV2 provides capital, operational and financial expertise, and strategic vision to support and complement the management teams within its family of portfolio companies.

Contact:

Michael J. Flint
Senior Managing Director
LV2 Equity Partners
mjflint@LV2partners.com
(989) 430-9325

Download a printable PDF of this press release.

 


LV2 Equity Partners, LLC completes its third investment

BATAVIA, Illinois (February 1, 2010)

LV2 Equity Partners is pleased to announce they have completed the acquisition of Watlow Batavia, Inc. The company will be renamed Cast Aluminum Solutions, LLC (“CAS”), a wholly owned entity of LV2 Aluminum Castings, LLC, which was formed to purchase the assets of Watlow Batavia. The existing management team, led by Liem McDonough (COO) and Linda Kelleher (CFO), will stay in place and continue to lead the business going forward. As the newest addition to its family of investments, LV2 Equity Partners will provide leadership and strategic management services to CAS going forward. “We feel that CAS is a terrific company with great people and capabilities. Our focus will be on providing exceptional service to our customers and remaining their supplier of choice,” stated Mike Flint, Senior Managing Director of LV2 Equity Partners.

Cast Aluminum Solutions is located in Batavia, IL (a western suburb of Chicago). For 20+ years, its predecessor company has been a market leader in the engineering and manufacturing of aluminum “cast-in” heating products for the food service, semiconductor, medical, and aerospace industries, as well as for an array of other custom industrial applications. Under the ownership of LV2, CAS will continue to focus its efforts on being the provider of choice for “cast-in” heating solutions, as well as expand its engineering and production capabilities into an array of non-thermal applications. Please visit our new website at www.castaluminumsolutions.com for further information.

About LV2 Equity Partners, LLC

LV2 Equity Partners is a private equity group focused on investing in small to lower middle market companies ($3–30 million in sales). LV2’s strategy is to partner with solid management teams in niche manufacturing segments that possess strong prospects for growth. LV2 provides capital, operational and financial expertise, and strategic vision to support and complement the management teams within its family of portfolio companies. Please visit our website at www.LV2partners.com for further information.

Contact:
John C. Pollock
LV2 Equity Partners Managing Director
jcpollock@LV2partners.com
(616) 540-2606

Download a printable PDF of this press release.