$IVST: Winslow Asset Management Initiates New Posi
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Sacramento, CA, May 17, 2018 (GLOBE NEWSWIRE) — Spotlight Growth has published new content on Innovest Global, Inc. (OTC PINK: IVST). Innovest Global, Inc. is a diversified holding company that focuses on acquiring niche, high-growth businesses that are capable of generating significant annual revenue. The company’s planned subsidiaries operate across telehealth, biotech, commercial energy, business-to-business distribution, national call center and auto sales.
The report provides an overview of Innovest Global, Inc., its subsidiaries, financials, industry analysis and more.
Global Energy Efficiency Market Estimates Point To Continued Strong Growth
Going “green” has been a big theme over the past several years. Aging infrastructure and energy systems continue to be incredibly inefficient and cost prohibitive. In addition, growing awareness of global climate change has had an impact on the energy efficiency market. As social awareness, cost savings, and government incentives continue to take hold in the energy efficiency markets, market research firms see a bright future ahead.
According to MarketsAndMarkets, the global LED lighting market is estimated to be worth $92.40 billion by 2022, which represents a compound annual growth rate (CAGR) of 13.66%. The market research firm sees the growth being driven by increasing demand for energy efficiency products, LED costs are falling, and overall greater adoption of the technology as a general lighting source.
According to Renub Research, the global LED lighting market is estimated to be worth $100 billion by the end of 2024. The market research firm sees the vast global growth primarily stemming from exponential global urbanization and greater awareness to energy efficiency systems.
In PwC’s “2017 Power and Utilities Trend” report, analysts concluded that a vast majority of the growth will come from a “blueprint for a service-based model.” This would include: emerging technologies, monitoring equipment, sensors, energy management technology, and more.
According to Technavio market research, the global industrial energy efficiency services market is forecast to be valued around $10.18 billion by 2020, which represents a compound annual growth rate (CAGR) of 6%.
Innovest Global’s Commercial & Industrial Division Seeing Triple-Digit Growth, Institutional Investor Initiates Position During Q1
Innovest Global has continued to outpace predictions, as the company has had a phenomenal start to 2018. Management has effectively been able to execute its growth vision, which is now beginning to attract attention from institutional investors.
During the first quarter 2018, a 13F filing shows that Ohio-based, Winslow Asset Management, initiated a new position in Innovest Global. According to the data, the asset management firm purchased 10,000 shares at prices between $0.01 and $0.44, with the average price estimated to be around $0.13.
Innovest Global was the only new position made by Winslow Asset Management during the first quarter, which also added to its other positions such as Amgen and Berkshire Hathaway. Overall, Winslow Asset Management holds 88 stocks with a total value of $516 million, as of March 31, 2018.
The company’s Commercial and Industrial division has been a very exciting growth story for Innovest. In just a few months, the division has gone from zero to $4 million in annual revenue run rate. Management is confident that based on organic growth, opportunity, and its packed acquisition pipeline, the division’s triple-digit growth could continue moving forward.
The Commercial & Industrial division is primarily comprised of three different focuses: Energy, Services and Durable Goods. The Energy services are focused on procurement, consultation and efficiency solutions. Services provide the quality customer service and digital marketing efforts. The Durable Goods houses 50,000 OSHA SKU’s and ability to continue expanding even further into other areas of durable goods.
Here is a further breakdown of the subsidiaries that comprise each segment of Innovest Global’s Commercial and Industrial division:
Energy:
-Shepherd Energy Solutions: “specializes in energy- cost- reduction for industrial, institutional, commercial, business and retail facilities. We combine a variety of cost-effective approaches and non-invasive green technologies to immediately reduce your utility bills and carbon footprint.”
-H.P. Technologies:“provides comparably competitive electricity and natural gas purchase programs for residential and commercial consumers, while giving energy suppliers the opportunity to extend special offers and savings to potential new customers. Our utility consulting process is a turnkey approach to utility savings that can be tailored to fit the client’s needs.”
Services:
-Crestwood Management (Call Center): “full service inbound and outbound customer service and sales center, expanding into Digital Marketing services. Innovest’s Call Center is PCI Compliant, SAS 70 Type II Certified, FDCPA Compliant, is an ACA International member; and has many internal controls, policies, and procedures that add to client confidence.”
Durable Goods:
-Chagrin Safety Supply: “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 nation’s 44,000 post offices.”
On May 2, 2018, Innovest Global announced that it has signed a Letter of Intent to acquire a forensic energy auditing firm that is generating annual revenues of $500,000. The business model of the acquisition target is to conduct forensic energy audits for businesses and organizations and then providing recommendations on how to improve cost savings.
For more information on Innovest Global, Inc., please visit http://innovestglobal.com and http://spotlightgrowth.com/index.php/2018/05/...ke-notice/
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