"...we believe the acquisition of SGI's backlog, goodwill and loyal customer base will be a major growth step... increasing visibility and efficiencies of scale."
Chatsworth, CA (PRWEB) August 31, 2011
Progressive Business Corp., dba Progressive Insulation & Windows (Progressive), recently acquired certain assets of San Gabriel Insulation (SGI) from United Subcontractors, Inc (USI). Progressive and SGI have been friendly competitors since 1978 when Progressive was founded by Steve Anderson. The founder of SGI, Rick Dubin, retired in 2001 and sold his interests to USI. The two companies share a similar business mix and service territories.
Steve Anderson, President of Progressive Business Corp, said, “With distribution centers in Chatsworth and Santa Fe Springs, CA, we believe the acquisition of SGI’s backlog, goodwill and loyal customer base will be a major growth step for both organizations. We will be able to increase visibility and efficiencies of scale.”
SGI serviced the insulation industry in Southern California since 1965. The company’s commitment to quality workmanship and exceptional value earned them a strong reputation in both the commercial and residential markets. Like Progressive, SGI started as an insulation company but, under the ownership of USI, expanded their services to include a vast array of insulation products, including spray foam insulation, as well as a full line of windows and doors to a diverse clientele.
“While the current economic climate has been extremely challenging, Progressive has pursued a course of cautious optimism ready to take advantage of each opportunity that comes our way. We respect the history and reputation of San Gabriel Insulation and will do everything possible to earn the continued support of SGI’s loyal customer base by providing exceptional value and service,” Anderson explained.
“The insulation industry is undergoing a transformation not seen in my forty years in the business. Properly installed insulation products utilizing advanced building science techniques have taken hold in our industry. Both Progressive and SGI have been leaders in that transformation for a number of years. Our hope is to elevate the level of professionalism in our industry throughout our service territory. Insulation should not be a price driven commodity but, an educated investment that provides a valuable return on investment through energy savings, health and comfort for the life of the buildings and homes we upgrade,” Anderson concluded.