WPCS Buys Midway Electric
St. Helens, Oregon-based Midway Electric is an electrical contractor specializing in low and high voltage electrical services. The company focuses on industrial and commercial projects and maintains a customer base that includes Armstrong World Industries, Knife River, Glacier Northwest and the city of St. Helens, Oregon.
Midway Electric posted $2.2 million in revenue and around $120,000 in earnings before interest and taxes for their last fiscal year ended March 31, 2008. The company also posts a net tangible asset value of around $280,000.
The transaction closed on March 9, and the company will be assimilated directly into Major Electric, a wholly owned subsidiary of WPCS.
Exton, Pennsylvania-based WPCS is a design-build engineering company that focuses on the implementation requirements of communications infrastructure. The company provides its engineering capabilities including wireless communication, specialty construction and electrical power to the public services, healthcare, energy and corporate enterprise markets worldwide.
FinancialWire" ( http://www.financialwire.net), an independent, proprietary news service of Investrend Communications, Inc., receives no compensation for its news or opinions. Further disclosure is at http://www.investrend.com/articles/secondlevel.asp?level=472 . To contact FinancialWire" write to inquiries@financialwire.net .
Free annual reports for companies mentioned in the news are accessible via http://investrend.ar.wilink.com/?level=279 .
Copyright(C)2009 by financialwire.net, Inc. All rights reserved.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
