Marlborough, MA (USA) – Adcole Corporation, a leading manufacturer of special purpose machines for measuring engine components such as camshafts, crankshafts, and pistons, as well as sun angle sensors for space satellites has appointed Brook Reece President & CEO. Adcole was founded in 1957 by Addison D. Cole who was President & CEO for 57 years, retired at Age 95, and sold the business to Artemis Capital Partners. Terms of the purchase were not disclosed.
Mr. Reece previously served as Vice President Sales at Adcole Corporation for 20 years and is uniquely qualified to lead the company. “Our heritage is one of innovation and trusted accuracy and our vision is to be the most trusted and valued name in the space and industrial metrology industries. We are presently on an extremely fast product development track in response to the rapid technological changes in engine development. Innovation is our heritage and central to our future business strategy,” he said.
Artemis Capital Partners is a Boston-based private equity firm that focuses on equity growth investments in outstanding ‘industrial technology’ companies such as Adcole Corporation.
For more information contact:
J. Brooks Reece, President & CEO
669 Forest Street
Marlborough, MA 01752 U.S.A.
(508) 485-9100 FAX (508) 481-6142