IBT Inc. has announced that effective April 1st, 2018, key changes to both its business entity structure and associated organizational leadership responsibilities, were initiated. Michael Flannery, IBT’s President and CEO since 2015, commented, “As our business portfolio has grown, so have the demands to scale up our management focus and desire to accelerate growth, both organically and through increased acquisitions. To support these record growth demands, our new portfolio company was created on April 1st of this year, and is now formally recognized as Cumulus Companies Inc. (CCI).”

Cumulus Companies Inc. is defined by four separate companies within three growth platforms; industrial distribution, conveyance belting products, and aerospace parts manufacturing. Cumulus Companies Inc. will be led by Michael Flannery, President and CEO. Michael will report to the company’s Board of Directors headed up by Stephen Cloud who serves as Chairman.