Winona, MN (PRWEB) April 08, 2014
Miller Ingenuity (http://www.milleringenuity.com), an industry-leading transportation component solutions designer, manufacturer, and distributor that’s been in business since 1948, today announced that is has acquired Larry McGee Company. The Buffalo Grove, Illinois-based company brings a highly complementary and forward-thinking railroad and transit communications product line to Miller Ingenuity’s array of innovative solutions that include high performance gear case seals and locomotive truck parts. In turn, Miller Ingenuity now provides additional engineering, operations, and sales resources to support the entire range of Larry McGee products and services that have benefitted railroad industry, manufacturers, and government entities for over 30 years.
Larry McGee’s entire line of onboard and office-based communications interface panels and systems for the railroad and transit industry bring tremendous value to Miller Ingenuity’s product portfolio and will create more jobs in Winona, MN.
Even beyond the transportation sector, this acquisition is a significant development for the manufacturing industry at large. “This recent acquisition exemplifies my staunch belief that a key avenue for mid-size companies like ours to grow is through such ‘bite-sized’ acquisitions that allow a company to readily add resources and generate accelerated growth,” notes Miller Ingenuity CEO Steve Blue. “This approach, particularly when employed as part of a multifaceted growth strategy, is key as trade executives collectively seek to turn the tide on the once bloated and broken American manufacturing sector that was rife with figuratively fat, dumb, and happy CEOs who undermined industrial progress at large.”
“The environment is ripe for U.S. manufacturing to be bigger than ever, and our ‘lean operations’ and astute acquisitions model has wholly transformed our own company,” says Blue. “This approach, when skillfully planned and executed, can do the same for the railway and transportation sectors on the whole, as well as the overarching manufacturing industry. The entire American manufacturing industry has both the opportunity and ability to follow suit, and it’s imperative it does so if the U.S. is to stay competitive in today’s cutthroat global marketplace.”
About Larry McGee
The Larry McGee Company, in operation for more than 30 years, provides a range of both Onboard and Office based communications interface panels & systems for the railroad and transit industry. These include intercoms for simple office-to-office communications to incorporating devices into vast communication networks such as, VOIP/ROIP communication systems. Train crews across North America depend on Larry McGee Locomotive Radio Panels for reliable communication between train conductors and dispatchers. Larry McGee’s Radio DTMF Activator provides a simple method of remote control of lights, gates, etc. Additionally, the Larry McGee Company has a reputation for building new stand-alone devices or complete systems consisting of an array of remote consoles with centralized control equipment as customers’ unique needs might require.
About Miller Ingenuity
Miller Ingenuity Corporation is a leading manufacturer and distributor of rail parts and has designed and manufactured locomotive, rail car, traction motor, bogie, truck, combo and gear case parts, used in over 100 countries, for over 66 years. Miller Ingenuity Corporation is the original inventor and manufacturer of traction motor lubricators and traction motor gear case seals for both EMD and GE locomotives. In addition to wick lubricators and gear case seals, Miller Ingenuity Corporation also supplies the rail industry with traction motor support bearings, traction motor gear cases, pedestal liners, bolster wear plates and center bowl liners along with numerous other locomotive components. Miller Ingenuity Corporation railcar parts include coupler carrier wear plates, brake beam guide wear plates, center plate liners, spring pads, brake system vent protectors and AAR Rule 47 lube disks. The company is the industry leader in light emitting diode signals. The company’s Everray crossing signal is an accepted industry leader with the largest US installed base. Miller Ingenuity Corporation has been awarded over 240 patents for rail component innovations, cementing its reputation as a rail industry technology leader. Learn more online at: http://www.MillerIngenuity.com.