Consolidation trend Undated Verified
NexCore Platform Strategy Expansion into Factory Automation
The acquisition of Nolin Control Systems demonstrates the NexCore platform's strategy to expand beyond traditional HVAC services into factory automation and controls. NexCore CEO Steve Knowles noted that Nolin's recurring revenue and margins fit the long-term platform strategy.
“Steve Knowles, CEO of NexCore, commented, “Nolin Control Systems strongly represents the criteria that fits NexCore’s long-term platform strategy. Their steady reoccurring revenue base, attractive margins, and deep customer relationships make them an ideal partner for Alliance.””
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ElectricalHVAC Sentiment: Positive
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