The Birch Co. Announces Acquisition of Prograde Excavating
The Birch Co. (OTC PINK: ATWT), also known as Atwec Technologies, has signed a non-binding Letter of Intent (LOI) to acquire Prograde Excavating, an expert excavation services provider in Tulsa, OK. This highly synergistic acquisition is expected to add $2 million in annual recurring revenue and vertically integrate development capabilities.
Prograde Excavating specializes in residential excavation, commercial site development, demolition services, and land clearing. The acquisition will bring a seasoned team, numerous excavating equipment, and a client list of residential and commercial developers. The Birch Co. aims to expand its customer base into demolition and land clearing verticals.
The deal is expected to close in Q4 2024, subject to customary closing conditions, and become accretive beginning in Q1 FY2025. This represents the first acquisition as part of The Birch Co.'s expansion strategy, with potential for more in the future.
The Birch Co. (OTC PINK: ATWT), conosciuta anche come Atwec Technologies, ha firmato una Lettera di Intenti (LOI) non vincolante per acquisire Prograde Excavating, un fornitore esperto di servizi di escavazione a Tulsa, OK. Questa acquisizione ad alta sinergia è prevista per generare 2 milioni di dollari di fatturato annuo ricorrente e integrare verticalmente le capacità di sviluppo.
Prograde Excavating si specializza in escavazione residenziale, sviluppo di siti commerciali, servizi di demolizione e pulizia dei terreni. L'acquisizione porterà un team esperto, numerosi macchinari per l'escavazione e un elenco di clienti composto da sviluppatori residenziali e commerciali. The Birch Co. mira ad espandere la propria base di clienti nei settori della demolizione e della pulizia dei terreni.
L'accordo dovrebbe chiudersi nel Q4 2024, soggetto a condizioni di chiusura consuete, e diventare redditizio a partire dal Q1 FY2025. Questa rappresenta la prima acquisizione come parte della strategia di espansione di The Birch Co., con la possibilità di ulteriori acquisizioni in futuro.
The Birch Co. (OTC PINK: ATWT), también conocida como Atwec Technologies, ha firmado una Carta de Intención (LOI) no vinculante para adquirir Prograde Excavating, un proveedor experto en servicios de excavación en Tulsa, OK. Esta adquisición altamente sinérgica se espera que genere 2 millones de dólares en ingresos anuales recurrentes e integre verticalmente las capacidades de desarrollo.
Prograde Excavating se especializa en excavación residencial, desarrollo de sitios comerciales, servicios de demolición y desmonte de terrenos. La adquisición traerá un equipo experimentado, numerosos equipos de excavación y una lista de clientes compuesta por desarrolladores residenciales y comerciales. The Birch Co. tiene como objetivo expandir su base de clientes en los sectores de demolición y limpieza de terrenos.
Se espera que el acuerdo se cierre en Q4 2024, sujeto a las condiciones habituales de cierre, y que empiece a ser rentable a partir de Q1 FY2025. Esta representa la primera adquisición como parte de la estrategia de expansión de The Birch Co., con potencial para más en el futuro.
The Birch Co. (OTC PINK: ATWT), Atwec Technologies로도 알려져 있는 회사는 오클라호마주 털사에 있는 전문 굴착 서비스 제공업체인 Prograde Excavating을 인수하기 위한 비구속 의향서(LOI)를 체결했습니다. 이 높은 시너지 효과의 인수는 연간 200만 달러의 반복 수익을 추가하고 개발 기능을 수직적으로 통합할 것으로 예상됩니다.
Prograde Excavating은 주거용 굴착, 상업 부지 개발, 철거 서비스 및 토지 정리에 특화되어 있습니다. 인수는 숙련된 팀, 다양한 굴착 장비 및 주거 및 상업 개발자 목록을 가져올 것입니다. The Birch Co.는 철거 및 토지 정리 분야로 고객 기반을 확장하는 것을 목표로 하고 있습니다.
이번 거래는 2024년 4분기(Q4)에 마무리될 것으로 예상되며, 관례적인 종료 조건에 따라 진행되며, 2025 회계연도 1분기(Q1 FY2025)부터 수익을 내기 시작할 것입니다. 이는 The Birch Co.의 확장 전략의 일환으로 이루어진 첫 번째 인수이며, 향후 추가 인수 가능성이 있습니다.
The Birch Co. (OTC PINK: ATWT), également connue sous le nom d'Atwec Technologies, a signé une Lettre d'Intention (LOI) non contraignante pour acquérir Prograde Excavating, un fournisseur expert en services d'excavation à Tulsa, OK. Cette acquisition hautement synergique devrait ajouter 2 millions de dollars de revenus récurrents annuels et intégrer verticalement les capacités de développement.
Prograde Excavating est spécialisé dans l'excavation résidentielle, le développement de sites commerciaux, les services de démolition et le déblaiement de terrains. L'acquisition apportera une équipe expérimentée, de nombreux équipements d'excavation et une liste de clients composée de développeurs résidentiels et commerciaux. The Birch Co. vise à élargir sa base de clients dans les secteurs de la démolition et du déblaiement de terrains.
La conclusion de l'accord est prévue pour le Q4 2024, sous réserve des conditions habituelles de clôture, et il devrait commencer à être rentable à partir de Q1 FY2025. Cela représente la première acquisition dans le cadre de la stratégie d'expansion de The Birch Co., avec un potentiel pour d'autres à l'avenir.
The Birch Co. (OTC PINK: ATWT), auch bekannt als Atwec Technologies, hat ein nicht bindendes Letter of Intent (LOI) zur Übernahme von Prograde Excavating, einem spezialisierenden Dienstleister für Erdbau in Tulsa, OK, unterzeichnet. Diese hochsynergetische Akquisition soll 2 Millionen Dollar an wiederkehrenden jährlichen Einnahmen hinzufügen und die Entwicklungskapazitäten vertikal integrieren.
Prograde Excavating ist auf Wohngebiets-Erdarbeiten, Entwicklung von gewerblichen Standorten, Abrissdienstleistungen und Flächenräumung spezialisiert. Die Übernahme bringt ein erfahrenes Team, zahlreiche Erdbaugeräte und eine Kundenliste von Wohn- und Gewerbeentwicklern mit sich. The Birch Co. zielt darauf ab, seine Kundenbasis in den Bereichen Abriss und Flächenräumung zu erweitern.
Der Deal wird voraussichtlich im Q4 2024 abgeschlossen und unterliegt den üblichen Abschlussbedingungen. Es wird erwartet, dass er ab Q1 FY2025 gewinnbringend wird. Dies stellt die erste Akquisition im Rahmen der Expansionsstrategie von The Birch Co. dar, mit dem Potenzial für weitere Übernahmen in der Zukunft.
- Acquisition expected to add $2 million in annual recurring revenue
- Vertical integration of development capabilities
- Expansion into new verticals: demolition and land clearing
- Acquisition of seasoned team and excavating equipment
- First step in company's expansion strategy
- Non-binding Letter of Intent, deal not yet finalized
- Potential integration challenges with new business
Highly Synergistic Acquisition to Add
TULSA, OK / ACCESSWIRE / October 10, 202 4/ The Birch Co. (OTC PINK: ATWT), also known as Atwec Technologies, (the "Company"), a leading innovator in the construction industry, dedicated to delivering high-quality, affordable homes today announced that it has signed a non-binding Letter of Intent (LOI) to acquire Prograde Excavating, an expert excavation services provider in Tulsa, OK.
Prograde Excavating specializes in residential excavation, commercial site development, demolition services and land clearing. Grounded in decades of experience, Prograde Excavating doesn't just move earth, the company reshapes landscapes with meticulous care and strategic planning. The company is dedicated to delivering top-notch services for every project, big or small, transforming construction and land development dreams into tangible realities.
"This acquisition of an established excavation contractor in a growth market is highly synergistic with our modern home building solutions in the Sunbelt region," said Josh Ploch, Chief Executive Officer of The Birch Co. "We will build on the company's achievements, enabling us to vertically integrate our residential and commercial development capabilities into other markets. The acquisition will also facilitate expansion of our customer base into demolition and land clearing verticals that we are not servicing today.
"The acquisition brings over
The Birch Co. will acquire
About The Birch Co
The Birch Co is a leading innovator in the construction industry, dedicated to delivering high-quality, affordable homes, high-end custom homes, and commercial construction projects to its customers. With a commitment to excellence and innovation, The Birch Co. is at the forefront of modern building solutions in the Sunbelt region.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including statements that include the words expect, intend, plan, believe, project, forecast, estimate, may, should, anticipate and similar statements of a future or forward-looking nature. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties, and other essential factors that may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason except as required by law.
Investor Relations Contact
Mark Schwalenberg
MZ Group
312-261-6430
ATWT@mzgroup.us
SOURCE: ATWEC Technologies
View the original press release on accesswire.com
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