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SCORE NE MASS Business Tips Directory - PP Systems Buyout with SCORE |
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Page 8 of 35
Local small business SCORES a big one!
PP Systems (PPS), of Amesbury, MA, is a leader in the design and manufacture of scientific instrumentation for the plant, soil and environmental sciences. For over 25 years, PPS has supported the technology needs of scientists and students throughout the world. Their products are in use in over 100 countries worldwide and are typically used for high level research at universities, government institutes and research laboratories.
PPS recently completed:
- a successful stock buyout of two company Directors, and
- a technology transfer from the UK to the United States.
They were assisted and advised by the Newburyport SCORE team comprised of Mark R. Rosenzweig, Dick Tarbox and Bahar Thomson.
Approximately 10 years ago, a plan was put in place to transfer production and development of all products from PPS’s UK office to its U.S. headquarters in preparation for the retirement of these two Directors. During this period, the company has grown by 12 employees and around $4M in revenues. According to Michael L. Doyle, president, “the stock buyout and technology transfer would not have happened as smoothly as it did without the advice and guidance that was provided by the SCORE team. The experience and expertise that they brought to the table was invaluable and will be a major factor in the company’s future success. We look forward to working with Mark, Dick and Bahar in the months ahead as they continue to help us lead the company forward.”
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