Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: WEDNESDAY, April 5, 1995 TAG: 9504060027 SECTION: BUSINESS PAGE: B-8 EDITION: METRO SOURCE: MAG POFF STAFF WRITER DATELINE: LENGTH: Short
The acquisition was accomplished through a stock transaction, but terms were not disclosed.
Air Compliance tests air emissions, also a large part of ETS' business, said ETS President John Mycock. The Pennsylvania company tests emissions from industrial stacks and helps clients prepare environmental permits.
"It is not a large company," Mycock said. Founded in 1991, Air Compliance has a half-dozen employees and "a couple of hundred clients." Mycock said the clients primarily are petrochemical companies in New Jersey and Pennsylvania.
It had revenue last year of about $400,000, compared with about $2.8 million for ETS. He called the Air Compliance income "not insignificant" to ETS.
Having a division in Pennsylvania, Mycock said, will allow ETS to write proposals for work for companies there and in New Jersey and Delaware.
Mycock called Air Compliance "an ideal fit in terms of both personnel and capability."
Arthur Nunn, president of Air Compliance, said "the goals, professionalism and ethics of our two firms are synergistic and make a good match."
Nunn said that the merger "with an acknowledged industry leader will allow us access to otherwise unobtainable clients."
by CNB