GLASTONBURY, Conn. – JDM Technology Group announced that it has acquired Glastonbury-based IndustrySmarts Inc., owner of the ElectricSmarts Network, a leading technology platform connecting manufacturers, distributers, and contractors in the North American electrical industry. The transaction closed on October 31, 2017 after approval by IndustrySmarts’ founders and owners, Bill Floyd and Keith Peck. The acquisition strengthens the JDM Technology Group with increased offerings to the electrical industry.
“This transaction is a positive step for us and for the electrical industry,” said Keith Peck, co-owner of IndustrySmarts. “We’re glad to complete the sale. Being part of the global group will enable us to create new value for our customers while our technology can be applied on a global basis.”
“Our connections to our customers and employees are strong and we have extensive experience in the industry,” commented Bill Floyd, co-owner. “Our choice to join JDM was driven by our shared commitment to the customers we serve and to the people in our organization. Through the JDM Technology Group our customers will be supported by a leading group of construction software companies around the world.”
Having acquired numerous companies since 2004, the JDM Technology Group has established a proven strategy for integrating acquired companies into its existing infrastructure. IndustrySmarts will continue to operate as a separate company with its existing staff out of its Glastonbury, Conn. headquarters. Peck, President of IndustrySmarts, will continue to lead IndustrySmarts and oversee day-to-day operations. Floyd will assist the transition and will continue to advise the business.
“We do not end-of-life products, ensuring that customers can continue with their preferred software and services. Through our Buy and Build strategy customers continue to be supported and have access to the best global technology,” said Jim McFarlane, CEO of the JDM Technology Group. “By maintaining the IndustrySmarts organization, customers will have continuity of service and support from the same people they are used to. This strategy makes the JDM Technology Group an excellent home for construction software companies and generates strong growth across the group.”
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