FCX Performance, Inc. acquires Instrumentation Services, Inc.
March 14, 2012 – Columbus, OH – Columbus, OH-based FCX Performance, Inc. ("FCX”) announced today that it has completed the acquisition of Instrumentation Services, Inc. (“ISI”).
Based in Charlotte, NC, ISI was established in 1972 as an instrumentation service company focused on partnering with clients to improve and maintain their processes controlled by instrumentation. Today, ISI provides technology driven services to a wide range of clients in all industries. ISI specializes in Instrumentation Services, Predictive Maintenance, and Process Control System Services. ISI servesover 500 clients in the Mid Atlantic and Southeast US. ISI is ISO 9001 registered and ISO 17025 accredited.
"We welcome the employees and customers of ISI to the FCX family", said Charles M. Simon, President and CEO of FCX Performance, Inc. “We are very impressed by the caliber of the ISI people and are excited to work with the new management to expand instrument services across other FCX markets.” Simon concluded by noting that “the combination of these businesses will not result in any outside changes and the company’s names will not be changed”. Charles Hale, FCX Chief Financial Officer, added “ISI fits perfectly with our strategy of buying quality that further expands our service & solutions offerings.” “With the support of our majority investor, Sterling Investment Partners, we fully anticipate closing additional acquisitions in FY 2012.”
FCX Performance is a leading distributor of process flow control products and services that serves MRO and OEM customers in the pulp & paper, chemical, petroleum pharmaceutical, power, steel and other process markets. Formed in 1999, FCX has 22 offices serving 33 states and over 325 employees and is recognized for its ability to provide innovative solutions to meet the most complex and challenging applications.
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FCX Performance Inc.