Precision Walls, Inc., one of the Top 10 specialty contractors in the United States as recognized by Engineering News-Record, is proud to announce its acquisition of SPS Corporation, a full-service building exterior envelope contractor specializing in exterior glazing systems and exterior metal panel systems. Founded in 1982 and with a local presence in Apex, NC since 1990, SPS Corporation is ranked among the 15 largest specialty glass contractors in the United States and has earned its reputation as a top performer.
Brian Allen, President/CEO of Precision Walls, Inc., commented, “This acquisition is a significant step in Precision Walls’ strategic growth objectives, and an indicator of our strong commitment to expanding our portfolio of services to further serve our customers’ needs. The specialized expertise of SPS Corporation fits seamlessly into our vision of providing a wider range of building envelope solutions to our customers.”
SPS Corporation’s President/CEO, Mike Russo, has been the driving force in building and maintaining this industry recognition, and in leading their team of reputable specialists. In highlight of the human aspect of this acquisition, Allen continued by saying, “Moreover, as a testament to our commitment to shared success and collaborative growth, we are excited to welcome our new colleagues from SPS into our Employee Stock Ownership Plan (ESOP). Becoming a 100% employee-owned company in 2019 further strengthened our strong culture of employee engagement and collective success. As stakeholders, our entire team shares a commitment to safety, quality, and delivering exceptional customer service.” By extending our ESOP model to the SPS team, we emphasize our commitment to our new team members and maintaining a people-focused culture.
Mike Russo expressed his enthusiasm about the acquisition, “Joining Precision Walls and integrating our team into their ESOP offers an exciting opportunity for our team. We are eager to contribute to our shared success and look forward to integrating our unique expertise with Precision Walls’ current portfolio of products and services. This acquisition is a win-win situation for us and our customers.”
About Precision Walls, Inc.: Precision Walls Inc., founded in 1977, is a leading specialty contractor based in Cary, NC., consistently recognized among the Top 10 specialty contractors in the United States by Engineering News-Record (“ENR”). The company transition to a 100% Employee Stock Ownership Plan (ESOP) in 2019, demonstrating its commitment to employee engagement and shared success.
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