Citation
(2009), "Gales & Co. announces operational launch with plans for consolidation of energy equipment & spare parts manufacturing, chemical manufacturing and ecological & environmental engineering/remediation companies", Pigment & Resin Technology, Vol. 38 No. 1. https://doi.org/10.1108/prt.2009.12938aab.002
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited
Gales & Co. announces operational launch with plans for consolidation of energy equipment & spare parts manufacturing, chemical manufacturing and ecological & environmental engineering/remediation companies
Article Type: Industry news From: Pigment & Resin Technology, Volume 38, Issue 1
Gales & Co., Inc. today announced the launch of its operations as an acquisition, holding and management services company in the energy related hardware, environmental and chemical products manufacturing and services industries. Incorporated in Delaware, Gales & Co. is currently conducting due diligence on the consolidation of select, profitable businesses, principally privately held, which have well-established operations, reputable business practices, sustainable high margin growth opportunities and are accretive, and cash flow positive.
The operational launch of Gales & Co. comes at a time when rapid global economic and industrial development are driving changes in the way people live, work and play. Energy, Chemical and Environmental products and services have surfaced as the most significant of these emerging trends. “Green” practices, in particular, are gaining momentum throughout the world and are being factored into business planning, governmental legislation, and national and international trade agreements. As a result, environmentally sensitized companies are experiencing unprecedented growth, although many may lack the management and growth capital to realize their full potential.
Gales & Co. is seeking to acquire existing, successful companies, each with annual revenues from $25 million to over $100 million. These companies will focus on the energy services and infrastructure equipment, specialty chemicals, ecological sciences, and environmental (manufacturing, engineering, abatement, etc.) products and services sectors. Each company will operate as a wholly owned subsidiary under the control of the parent company, Gales & Co. Implicit in this business model is the strategy to assemble a synergistic collection of world class intellectual properties, patents, copyrights and exclusive rights expertise in unique, focused, related business processes for both limited to broad scale program implementation. As an independent operating entity within Gales & Co., subsidiaries stand to benefit from the holding company’s ability to provide access to requisite growth capital, management and business planning expertise, sharing/participation in certain general and administrative programs, and inter-company business development opportunities. “We are very excited to have launched Gales & Co. and have already identified five attractive acquisition candidates which represent a collection of businesses with high barriers to entry and combined revenues expected to exceed $50+ million in 2008: said Michael A. Gales, Chairman, President and Chief Executive Officer of Gales & Co., Inc. Fortified by an exceptional management team of highly successful executives from a diversified group of industry, financial and business disciplines, we are well positioned to capitalize on our target growth opportunities by acquiring attractive companies, improving their management processes, and reaping integration and synergistic benefits.”
Principal management
Gales & Co. will benefit from a seasoned management team with responsibility for identifying acquisition targets, coupled with strong capital formation skills and the performing of valuation analyses, thus ensuring an attractive return on investment for stakeholders. Seasoned, mature backgrounds are geared to provide leadership, growth strategies and best practices for business development of subsidiary companies.
Michael A. Gales is the Company’s Chairman, President and Chief Executive Officer. Mr Gales has over 25 years of in-depth experience as a senior corporate executive, investment banker, corporate finance consultant, registered investment advisor and merchant banker. Most recently, Mr Gales served until March 2007 as Founding Executive Chairman of Air Industries Group, Inc., a publicly traded manufacturer of aerospace parts and assemblies with a first quarter 2008 revenue run rate of approximately $53 million. Mr Gales attended Oklahoma University, was recognized in Who’s Who in American Industry, holds US Letters Patent in Environmental Technology and was a member of the President’s Club of the AMA.
Edwin Mendlinger serves as Senior Managing Director responsible for Finance and Business Development. Mr Mendlinger has spent the past five decades in positions of finance administration, accounting and executive management. He has served as the president of a multitude of companies, both public and private, and has raised nearly $100 million in equity capital throughout his career and/or invested personally on several occasions. Qualified as a certified public accountant, Mr Mendlinger graduated from New York University with a B.S. in Accounting and attended University of Miami School of Law.
Steven L. Yurman serves as Senior Managing Director responsible for Engineered Products, Energy and Environmental Services and Products. After completing a B.S. in Industrial Engineering at Pratt Institute and an M.S. in Industrial Management at Brooklyn Polytechnic, Mr Yurman spent the last 35 years developing, operating, acquiring and divesting businesses concentrating on minerals, metals, and other commodities.
Gerald Habib serves as Senior Managing Director responsible for Chemicals and related businesses. With nearly 25 years of professional experience, Mr Habib is a seasoned executive and has served at the board level of diversified technical businesses in broad areas of chemicals and polymers, formulated industrial products, metals/environmental services, specialty coatings and adhesives, and process engineering and plant design. Mr Habib received an M.B.A. from New York University and a B.S. in chemical engineering from City College, NY.
About Gales & Co., Inc.
“Gales & Co., Inc., headquartered in New York, was formed in early 2008 as an acquisition and management services holding company to profit from the emerging demand for energy infrastructure, chemical manufacturing and environmental or “green” products, systems and services. Green practices are gaining momentum throughout the world and are being factored into business planning, governmental legislation, and national and international trade agreements. As an acquisition, holding, consolidation and management services company, Gales & Co. seeks to acquire select, targeted businesses, principally private, which have profitable, well established operations, reputable business practices, sustainable high margin growth opportunities and are historically cash flow positive. Acquisition targets include companies with annual revenues from $25 million to over $100 million and focusing on the energy services and infrastructure equipment, specialty chemicals, ecological sciences, and environmental (manufacturing, engineering, abatement, etc.) products and services.”
The information contained herein is for informational purposes only. This document is not nor should it in any manner whatsoever be considered or construed as an offer for the purchases or sale of securities and is not an offering memorandum.