EPIC Systems has announced a partnership with key investors to create a new corporation, registered as EPIC Systems Group. The agreement was led by Compass Group Equity Partners, a private equity firm based in St. Louis, Missouri.
The acquisition injects growth and new expertise into EPIC’s core business groups. John Schott will continue in his leadership role as president and retain an ownership position in the company. All employees and members of EPIC’s executive leadership team remain intact.
“We are excited about the opportunity to build on what has been established and add a platform business to our investment portfolio,” said John Huhn, Compass Group managing partner. “EPIC brings the industry expertise, the management team and the foundation for the platform of something very big and something that can grow over time.”
“We look forward to joining Compass Group, which will expand our capabilities and industry footprint,” said Schott. “Our team provides practical design/build solutions, built on years of plant and project management experience. Adding Compass Group will allow us to add talent and infrastructure, to grow more quickly and continue to be the market leader in the process engineering space. We will be able to stay on the forefront of industry advancements and practical engineered systems.”
“The most valuable and important asset of a company is its people and John (Schott) has assembled a great organization and a great group. People are what we are interested in investing in,” said Bill Morgan, Compass Group operating partner.
EPIC Systems Group is an experienced multi-discipline process engineering company, industrial automation engineering and fabrication firm. EPIC provides turnkey solutions for modular process systems, pilot plants, distillation systems, integrated packaging and assembly lines, industrial automation engineering and machine vision system integration. For more information on about EPIC, visit their company website at www.epicsysinc.com.