By Ciara Rickard (Courtesy of Magna IV Engineering)
Magna IV Engineering is all about building lasting relationships. “We have a laser-like focus on creating superior client experiences,” says CEO Kelly Butz. “We want to be a longterm partner.” The approach gives Magna IV, which provides engineering and technical field services related to power and automation systems, a competitive edge, and it means the company’s clients always have a wealth of reliable information just a phone call away.
“Clients will reach out to us for support because we know their electrical and control systems better than their own staff do,” says Butz. Many of Magna IV’s client relationships go back decades some to 1982, when the company was founded. Another key to Magna IV’s success is saying “yes” as much as possible even if the request is for a service its teams have never performed. “You’re doing it to learn and grow.”
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Magna IV Engineering, a leading power and automation solutions provider with subsidiaries in Canada, the United States and Chile, announced today that it has received a majority investment from Copley Equity Partners, a private investment firm focused on middle market companies with strong growth opportunities. Terms of the transaction were not disclosed.
The investment by Copley, with the support of its current management team, ensures stability for its employee base and positions the Company for significant additional growth.
“Copley was interested in investing in a great company with a great team already in place,” said Kelly Butz, CEO of Magna IV Engineering. “This is the next step in Magna’s evolution, and provides the potential to grow both organically and through strategic acquisitions. Copley’s philosophy of investing back into the business means great things for our future.”