Innovest Global, Inc. (OTC Pink: IVST) is engaged as a diversified company, which focuses on acquiring and developing technology assets. Shares of the diversified operating company are jumping 77.89%, through early trading on Tuesday, October 24, 2017. Over the past month, Innovest Global, Inc. has seen average daily volume of 9,293 shares. However, volume of 370,897 shares or dollar volume of $11,126, has already exchanged hands on the day.
Shares of Innovest Global, Inc. are jumping today, after the company announced that it has launched its new business-to-business sales division, through acquisition of Chagrin Safety Supply, a safety supply distributor. Chagrin has been in business for 35 years and extensive customer network. Here is the full press release detailing of the safety supply distributor acquisition:
Innovest Global, Inc. Press Release:
CLEVELAND, Oct. 23, 2017 (GLOBE NEWSWIRE) — Innovest Global, Inc. (OTC PINK:IVST) opens its business-to-business sales division today by acquiring Chagrin Safety Supply.
The acquisition of Ohio-based Chagrin Safety Supply (https://chagrinsafetysupply.com) will serve as a beachhead entry into the business-to-business durable goods market, as part of Innovest’s diversified strategy. The history, and extensive variety of safety supplies and equipment sold by Chagrin, is a natural compliment to the offerings of several of Innovest’s distribution targets. Chagrin has 35 year history, including having been awarded the master contract post-911 from the US Postal Service to supply nitrile safety gloves to the nations 44,000 post offices. As part of the acquisition, Bill Oler will continue to serve as its President, and additionally as part of the Innovest management team.
Bill Oler has more than 40 years’ experience in the Healthcare and Safety fields. Prior to founding Chagrin Safety Supply in January 1988, Bill was Vice President, Operations, University Hospitals of Cleveland, the major teaching affiliate of Case Western Reserve University. In 2013, Bill was elected to the Board of Directors of the Solon Chamber of Commerce. Four months later, he founded the Western Reserve Safety Council, a not-for-profit partnership between the Solon Chamber of Commerce and the Ohio Bureau of Workers’ Compensation, and has since served as its Steering Committee Chair to this day.
Bill earned his undergraduate degree from Villanova University (BA) and his Masters’ Degree in Hospital and HealthCare Administration (MHA) from the University of Minnesota. Bill is married, has 2 daughters, one son and a grandson. He is a proud 12 year member of the Geauga Blue Coats, a non-profit organization whose mission is to fund college education for the children of fallen first responders.
“Bill and his team have always been high-impact professionals. This is a great transaction for many reasons, and we’re looking forward to their expertise and impact, and couldn’t be more proud to welcome the Chagrin team to the Innovest family,” said Innovest CEO, Dan Martin. “We’re excited to have hit the switch on revenue generation and to be closing our first transaction. We will be well positioned entering our stride in 2018.”
Innovest’s diversified holding company model, and their focus on efficient customer acquisition and reduced risk, are the core tenets of what the company hopes will create significant value for their shareholders.
For more information, contact email@example.com, or call Innovest investor Relations at 216.815.1122.
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