R-V Bolsters Engineering Capabilities With Acquisition of AccuDraft |
R-V Industries, Inc.
584 Poplar Rd.
Honey Brook, PA, 19344
USA
Press release date: November 30, 2012
R-V Industries, Inc. (R-V) has completed an asset acquisition of AccuDraft, LLC, based out of Lancaster County, Pennsylvania. The acquisition expands R-V's existing engineering services and customer base. AccuDraft has provided design and drafting services to industrial and engineering clients for over 34 years.
"We are excited to add a great group of employees, customers and services to R-V," said Kirk A. Putt, President and CEO. "This acquisition demonstrates our continued commitment to growing our business in the region via acquisitions of companies who share our values and vision. We have worked with AccuDraft for over 15 years. Michael Plesnarski (owner of AccuDraft) and his team, share our vision of growing through customer service and partnerships with outstanding companies."
AccuDraft's on-site design and drafting services supplement R-V's existing engineering capabilities to existing and prospective clients. AccuDraft's employees will be retained by R-V.
R-V Industries, Inc., founded in 1974, is a privately owned company headquartered in Honey Brook, PA. With annual revenue over $50 million and 160,000 sq. ft. of manufacturing space, R-V provides industrial design and manufacturing services to national and international clients in the industrial, life science, chemical, food and beverage, power generation, nuclear, oil and gas, and paper mill industries.
R-V's majority shareholder is Prospect Capital Corporation (NasdaqNM: PSEC), a publicly traded investment company making debt and equity investments into U.S. middle market businesses.
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