UBM Partners with Amerisource Industrial Supply
Amerisource is proud to announce our partnership with UBM Facility Services. Amerisource started providing industrial supplies to all UBM customer locations in late 2015. UBM has over 257 ship to locations. The transition was smooth and we look forward to expanding the partnership with their other divisions.
Now armed with up to $10 million in private equity for acquisitions, AmeriSource Industrial Supply Co. said it’s poised to increase revenue 600 percent in the next five years.
President Lou Ray said he expects revenue at his Detroit-based company to grow from a projected $25 million this year to $125 million by 2020 as AmeriSource plans to acquire companies in the Midwest.
“The private equity investment (from Detroit-based American Revitalization Partners) that closed this past Friday, that will enable us to make acquisitions in the center of the country down the Mississippi River,” Ray said.
AmeriSource, a supply business that provides everything from office supplies to toilet paper, is the result of a merger between Michigan Glove and Safety Supply Co. Inc. of Bloomfield Hills and Veterans Supply and Distributing Co. Inc. of Hamtramck.
The equity investment is the latest in a series of moves for Ray’s company, which relocated all 82 employees from a 38,000-square-foot building on Vincent Street in Hamtramck to the 180,000-square-foot former Packard marine engine plant at 1600 E. Grand Blvd. on Detroit’s east side.
Ray’s real estate investment company, Spenconoli LLC, bought the building in December 2013 for $550,000. During World War II, no fewer than 70,000 Merlin engines were churned out there after Rolls-Royce struck a deal with Packard to build them because the British automaker couldn’t keep up with production.
The total build-out is expected to cost about $250,000, Ray said.
The Vincent Street building is being cleaned and will be put up for sale, he said.
AmeriSource leases about 100,000 square feet in the Packard marine building, which was constructed in 1923, according to CoStar Group Inc., a Washington, D.C.-based real estate information service. The company can expand largely as needed because other tenants in the building are on short-term leases.
Other tenants along with AmeriSource include Arte Express Detroit LLC, the company owned by Fernando Palazuelo, who plans to redevelop the 3.5 million-square-foot Packard plant in a mixed-use project that’s expected to cost $120 per square foot or $420 million.
Palazuelo, a native of Spain who has been developing historic but dilapidated sites in Peru since losing everything in the recession, purchased the Packard plant in a Wayne County tax foreclosure auction for $405,000 in 2013.
Also leasing space in the building are Fenkell Automotive Detroit Inc. (18,000 square feet),Answer Technology Group Detroit LLC (6,000 square feet), Elba Laboratories (1,500 square feet) and Velox Disposal Inc. (1,000 square feet), Ray said.
Choosing a VOC Compliant Herbicides
The key question is what do you want to kill and for how long. Residual herbicides are longer lasting up to one year. A herbicide can be selective or non selective in what they kill. Non selective are designed to eliminate the toughest perennial weeds and new plant growth for an extended period. Ideal for areas such as ditches, fence rows, parking lots, patios, brick paths and railroad tracks.
The next question is the concentration and form. Herbicides come in Aerosols, RTU (ready to use), concentrates or granular.
- Just Broad Leaf Weeds
- I want to prevent regrowth for up to a year
- I want to be able to plant again in the same area, soon
- Eliminator NW Concentrate Diquat
- Zap-It Glyphosate
Is your concrete damaged, cracked or uneven?
No time to shut down production to repair it with traditional methods?
Roadware Concrete Mender is the answer.
Does your concrete floor have a hole that looks like this?
In 15 minutes after application it could be ready to go and look like this.
Preparation and application took less than 1 hour.
Can you see the spots where we hit it with the hammer?
What else can it do?
- Fix loose bollards in the plant
- Fix loose concrete anchors
- Permanent floor markings and lines
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