One might think that manufacturing parts for aerospace, locomotives, robotics technologies, and many other lines of business would be groundbreaking enough; but not for Proportion-Air, a 16-year ACG client. Proportion-Air is a leading innovation design, engineering and product implementation manufacturer. In August 2014, they expanded on their depth and experience by acquiring the Burling Valve and Regulator product line which services the chemical, oil and gas industries throughout the world.
“At Proportion-Air, we believe it’s important to continue pushing ourselves and our employees to stay out of the comfort zone and strive to improve ourselves and our organization every day. In an effort to reach a vastly new audience and tie into our recent years of R&D efforts and investments, we requested the help of Alerding CPA Group to assist in the acquisition of a process control line that has worked well with our core products for a number of years,” said Brent Archer, Vice President of Proportion-Air.
Alerding CPA Group worked with Proportion-Air on the due diligence procedures for this acquisition, which included evaluating bank financing and necessary financial projection analysis. “ACG values our long-standing relationship with Proportion-Air and the opportunity to assist them in achieving business goals and continued growth of their Company,” said Managing Director Mike Staton.
Founded in 1985, Proportion-Air offers electronic air pressure regulators and air flow control valves. They tackle the most difficult projects including vacuum control, vacuum through positive pressure, absolute pressure, inches of water column or direct control up to 1000psi. Their years of engineering and design experience gives them the confidence to take on the most problematic and exacting applications. Visit their website http://proportionair.com. Alerding CPA Group is an Indianapolis-based public accounting firm. Visit our website www.alerdingcpagroup.com.