Sacramento, CA, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Spotlight Growth has published new content on Innovest Global, Inc. (OTC PINK: IVST). Innovest Global, Inc. is a diversified holding company that focuses on acquiring niche, high-growth businesses that are capable of generating significant annual revenue. The company’s planned subsidiaries operate across telehealth, biotech, building materials, commercial energy, business-to-business distribution, national call center and auto sales.
The content provides an overview of Innovest Global, recent updates, US construction industry analysis, building materials, and more.
IVST: Closes Acquisition on Building Materials Company With $30 Million Annual Revenue Run-Rate
On November 5, 2018, Innovest Global, Inc. announced that it had officially completed the acquisition of Authority National Supply (ANS), a building materials company with $30 million in annual revenue run-rate. The acquisition is the sixth takeover to date and represents a major turning point for Innovest.
“From the feedback I am getting, this transaction completes the validation of our business model in the eyes of our primary audience,” said Innovest Chairman and Chief Executive Officer, Dan Martin. “Because our strategy is validated and we are getting the results we predicted, we are just getting started and can now work to scale this growth significantly.”
The major news comes as the company just recently signed a Letter of Intent to acquire another building materials company, Midwest Curtainwalls, which generates $10-12 million in annual revenues.
This is all part of the company’s growth plan to continue to scale into key industries. With the completion of the ANS acquisition, Innovest Global now has a Commercial & Industrial, Biotech & Health Sciences, and Building Materials divisions under its conglomerate business model.
IVST VP of Communications Derek McCarthy Speaks With Spotlight Growth Live
As part of the major acquisition news, Innovest Global’s Vice President of Communications, Derek McCarthy, joined the Spotlight Growth Live video web-series to further discuss the takeover. In the interview, we talk with Derek about the ANS takeover, IVST’s positioning as a leader within the building materials industry, and the management team’s leadership.
The IVST interview marks our inaugural episode featuring the management interview series. The new Spotlight Growth Live series is designed to help connect shareholders with respective management teams to gain further insight into the company and its goals. Our program is focused on transparency and allowing investors to hear directly from management.
Innovest Global was recently featured on an episode of Spotlight Growth Live, a video web-series highlighting emerging growth companies. To view the video, please visit: http://spotlightgrowth.com/index.php/video/
Spotlight Growth Live videos are now available for download as a free Amazon app, which is viewable through Amazon.com, Amazon App or Amazon Fire devices. To download the Spotlight Growth Amazon app, please visit: https://www.amazon.com/Spotlight-Growth/dp/B07JLCZMY9/ref=sr_1_1?ie=UTF8&qid=1541628340&sr=8-1&keywords=spotlight+growth
For more information on Innovest Global, Inc., please visit http://innovestglobal.com and http://spotlightgrowth.com/index.php/2018/11/06/how-the-acquisition-of-authority-national-supply-ans-is-a-game-changer-for-innovest-global-inc-otc-pink-ivst/
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