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ACG Dynamics
Sold to QualMark Corporation
Wednesday, December 1, 2004
New Haven, Connecticut – Dec. 1,
2004 – Woodbridge Group, Inc., a leading Connecticut-based
mergers and acquisitions firm, announces the successful sale
of its client, ACG Dynamics Inc., an electro-dynamic shaker
service company, to QualMark Corporation (OTCBB: QMRK). QualMark
designs, manufactures and markets HALT (Highly Accelerated
Life Testing) and HASS (Highly Accelerated Stress Screening)
systems throughout the world.
"The acquisition of ACG strategically
expands our total available vibration market to over $125 million,
creates a global service organization for both companies, and
reinforces QualMark's market leadership as the reliability
expert. ACG's core business complements QualMark's HALT and
HASS technology to provide an overall customer reliability
solution," stated Charles D. Johnston, President and CEO
of QualMark Corporation. "To ensure a smooth transition,
Mr. Andrew C. Grimaldi, President of ACG Dynamics Inc. and
Mr. Kenneth Keys, Vice President of Sales and Service will
stay with ACG and work with QualMark Corporation to aid in
the continuation and integration of the business," concluded
Charles Johnston.
"The ACG acquisition adds significant
revenue to QualMark's existing $12 million base business.
The acquisition should also help stabilize QualMark's cash
flow significantly, as ACG's service division represents
a steady monthly business flow. We are excited to expand
our business offerings to include ACG, as we will capitalize
on the intensified exposure throughout primarily all test
labs containing vibration equipment. This will allow QualMark
to leverage ACG's customer base to introduce HALT and HASS
techniques to new customers and allow ACG to leverage QualMark's
extensive world-wide distribution network to rapidly expand
their international presence," stated Anthony A. Scalese,
CFO of QualMark Corporation.
Woodbridge Group represented ACG Dynamics
Inc. in the transaction. ACG Dynamics, headquartered in West
Haven, Connecticut and founded in 1972 by Andrew C. Grimaldi,
is a global supplier to the vibration test equipment markets,
including service for electro-dynamic shakers.
Since 1993, Woodbridge Group has been
creating wealth for clients by matching sellers and buyers.
We execute a unique mix of marketing strategies that differentiate
and promote your company. Our proven methodologies and exceptional
80% success rate provide clients with multiple lucrative
opportunities to choose from.
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