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OwnersEdge acquires robotic systems integrator QComp Technologies

Published 14 May 2018

OwnersEdge has acquired QComp Technologies, a robotic systems integrator in the Fox Valley that serves clients throughout the US and Canada.

OwnersEdge now has four 100% employee-owned companies – BAYCOM, CC&N, QComp Technologies and TourGuide Solutions – and more than 300 employees.

OwnersEdge president, CEO and chairman Lisa Reardon said: “QComp has been on a solid growth trajectory and we anticipate an acceleration as more companies implement robotic automation as a solution to the workforce shortage.

“With its national scope and the range of industries it serves, QComp brings revenue diversity to the OwnersEdge portfolio of businesses.”

Reardon will become CEO of QComp and work with the executive management team. For the past five years, Tom Doyle, the founder of QComp, has been transitioning daily operations to John Schwan, vice president of sales and marketing, and Greg Whitney, vice president of engineering and manufacturing.

“Over the years, I’ve been approached by numerous companies interested in buying QComp. I was attracted to OwnersEdge because an Employee Stock Ownership Program (ESOP) rewards my employees and invests in their future,” says Doyle. “I also liked the fact that OwnersEdge is based in the Midwest and exhibited values that I appreciate – honesty, transparency and a commitment to its employee owners.”

QComp, which is based in Greenville, has approximately 35 employees and provides robotic packaging systems, material handling systems and automation line integration for clients in the glass, solar, consumer products, food, pharmaceutical, plastics, paper and metals industries.

QComp and OwnersEdge have been engaged in acquisition discussions for the past 13 months.

Source: Company Press Release