Business
Innovest's Building Solutions Division Growing Rapidly Through New Acquisition and Expanded Products and Services
Innovest's Building Solutions Division Growing Rapidly Through New Acquisition and Expanded Products and Services.
About this update from Innovest Global Inc
[{"type":"text","content":"New Product Pipeline Driving Sales with $1.5 Million in Contracted Design Builds CLEVELAND, OH / ACCESSWIRE / September 29, 2020 / Innovest Global Inc. (OTC PINK:IVST), a diversified industrials company, announced it is experiencing rapid growth in the Building Solutions division, which provides design, build and manufacturing services for ground-up construction and build-outs in commercial and industrial facilities.Building Solutions recently completed the asset purchase of a Charlotte, NC based general contractor that has been in business for over 20 years, a cash-flow positive business that will be rolled into the Innovest Global platform to realize cost synergies and drive sustained organic growth. The addition of this general contractor has expanded Innovest's capabilities beyond manufacturing to a fully self-performing business which increases margin while providing a true end to end solution for our customers.Building Solutions now provides products including traditional stick frame construction, and recently launched unique modular manufactured living units for low to mid-rise applications and manufacturing of building envelope systems for low, mid- and high-rise construction. With the introduction of the two new products and a redefined approach the Company has been awarded just over $1.5 million in new contracts and anticipates several additional contracts in the next 60 days."The slowdown of new construction across the country earlier this year allowed us to evaluate each business segment of our company," stated Damon Mintz, Chief Executive Officer of Innovest Global. "With a new approach, product pipeline and acquisition, we are mitigating our risk through diversification and now seeing rapid growth. The next few months should be very exciting for the company as we expect multiple large contracts to be awarded by the end of 2020 bringing significant revenue to Innovest, and value to our shareholders."About Innovest Global, Inc.Innovest Global, Inc. (OTC: IVST) is a diversified industrial company applying technology and innovation to provide value-added solutions across multiple business markets. Innovest Global builds long-term shareholder value by acquiring established industrial businesses on favorable terms, realizing synergies and achieving organic growth through investments in innovative ...