Cary, NC October 6, 2023 – 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
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 transitioned to a
100% Employee Stock Ownership Plan (ESOP) in 2019, demonstrating
its commitment to employee engagement and shared success.