Alpine 4 Holdings' (ALPP) Subsidiary, Morris Sheet Metal, Awarded $2.3M in New Projects Bringing Backlog Production Work to $9.8M
Alpine 4 Holdings, Inc. (ALPP) announced its subsidiary, Morris Sheet Metal (MSM), secured $2.3 million in new building projects, elevating its backlog production work to $9.8 million. Significant contracts include over $500,000 from a major healthcare provider in Northeast Indiana and $1.3 million from an orthopedic healthcare project in Ohio. MSM attributes its growth to efficiency improvements and a strong apprenticeship program. The company aims for continued success in the fabrication and construction sectors amid current labor shortages.
- Morris Sheet Metal awarded $2.3 million in new projects, increasing backlog to $9.8 million.
- Secured significant contracts from major healthcare providers, enhancing revenue prospects.
- Efficient operations and strong apprenticeship program boosting workforce capacity.
- Construction trades labor remains scarce, posing challenges for future projects.
PHOENIX, June 7, 2021 /PRNewswire/ -- Alpine 4 Holdings, Inc. (OTCQB: ALPP), a leading operator and owner of small market businesses, is pleased to announce that its subsidiary, Morris Sheet Metal (MSM), was awarded
MSMs backlog has recently grown thanks to their ability to deliver to their healthcare, food process industry, industrial and educational customers. Northeast Indiana's largest healthcare provider recently awarded MSM several projects totaling over
Tom Laubhan, Morris Sheet Metal's President, had this to say, "We are proving to our customers, employees and competitors that MSM is a top tier contractor. Our process is eliminating redundancy, maximizing our most efficient assets, increasing purchasing power and strengthening our team. Construction trades labor is still very scarce, though we are having excellent results with our new apprentices. MSM has a great culture of "training your replacement." This has served us very well and continues to create a path for advancement. I am very proud of our team at MSM for their ability to adapt to the challenges that currently exist in the fabrication and construction industry. We expect to see a very strong year and are building the foundation for continued growth."
Morris Sheet Metal is a full-service HVAC Contractor and custom sheet metal fabricator offering design, fabrication, and installation services to its clients since 1998.
https://www.morrissheetmetal.com/
About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is a publicly traded conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other, have the ability to collaborate across varying industries, spawn new ideas and create fertile ground for competitive advantages.
Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but also increase value for our shareholders.
Contact: Investor Relations
Forward-Looking Statements: The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.
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SOURCE Alpine 4 Holdings, Inc.
FAQ
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