Shares of Alpine 4 Technologies Ltd (OTCMKTS:ALPP) are back on the move in a big way in recent action. Helping to push the move, the company just announced that it has entered into a purchase of Deluxe Sheet Metal, Inc. (DELUXE) of South Bend, Indiana.
According to the release, “this acquisition adds to Alpine 4’s Construction Services portfolio which began in 2019 with its purchase of Morris Sheet Metal, Corp. (MORRIS). This will be the sixth acquisition that Alpine 4 has made in the past four years. Deluxe is a company that has been in business for over 45 years, specializing in all aspects of Commercial and Industrial Sheet Metal installations. Servicing top research institutions like the University of Norte Dame and large companies like GE, Deluxe is the go-to company for complex thermal and HVAC design in their region.”
Alpine 4 Technologies Ltd (OTCMKTS:ALPP) bills itself as a technology holding company that provides electronic contract manufacturing solutions in the United states.
It also offers automotive technologies, including 6th Sense Auto, a connected car technology that provides various advantages to management, sales, finance, and service departments in the automotive dealership industry to enhance productivity, profitability, and customer retention; and BrakeActive, a safety device that enhances vehicle’s third brake light’s ability to reduce or prevent a rear end collision.
In addition, the company provides fabricated metal parts, assemblies, and sub-assemblies to original equipment manufacturers; and designs, fabricates, and installs dust collectors, commercial ductwork, kitchen hoods, industrial ventilation systems, machine guards, architectural work, water furnaces, and others, as well as specialized spiral duct work.
The company was formerly known as Alpine 4 Automotive Technologies Ltd. and changed its name to Alpine 4 Technologies Ltd. in June 2015. Alpine 4 Technologies Ltd. was founded in 2014 and is based in Phoenix, Arizona.
According to the release, “Alpine 4 Technologies, Ltd (ALPP) is a publicly traded conglomerate that is acquiring businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4 we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies even in brick and mortar businesses can drive innovation. We also believe that our holdings should benefit synergistically from each other and that the ability to have collaboration across varying industries can spawn new ideas and create fertile ground for competitive advantages. This unique perspective has culminated in the development of our Blockchain enabled Enterprise Business Operating System called SPECTRUMebos. Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards but also increase value for our shareholders.”
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As noted above, ALPP just announced that it has entered into a purchase of Deluxe Sheet Metal, Inc. (DELUXE) of South Bend, Indiana.
Recent action has seen just shy of 320% added to share values of the name over the past month of action. What’s more, the name has benefitted from a jump in recent trading volume to the tune of a bit over 170% over what the stock has registered over the longer term.
Kent B. Wilson, CEO of Alpine 4, had this to say: “We’re excited about adding Deluxe to the Alpine 4 family. The addition of Deluxe will have an immediate impact on Q4 revenue. Deluxe is expected to play a significant role as a Stabilizer in the Alpine 4 umbrella of companies. Also, the Deluxe transaction has some very compelling strategic and financial benefits:
Currently trading at a market capitalization of $16M, ALPP has a reserve ($160K) of cash on the books, which compares with about $21.1M in total current liabilities. One should also note that debt has been growing over recent quarters. ALPP is pulling in trailing 12-month revenues of $19.2M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 27.5%. As more color becomes clear on the name, we will review the situation and update our take. Sign-up for continuing coverage on shares of $ALPP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $ALPP, either long or short, and we have not been compensated for this article.