APSCO, established in 1964, is a leading manufacturer specializing in pneumatic cylinders, controls, and valves for the mobile equipment and transportation industries. The company has expanded its product line to include hydraulic reservoirs, filters, and cooling systems, notably through the acquisition of STAC Inc. in 2022. This strategic move has positioned APSCO as a comprehensive provider of fluid power products for Classes 3-8 mobile and transportation equipment. The company's mission is to design products centered around customer experience, ensuring quality and reliability in every offering.
Key Strategic Focus
APSCO's strategic objectives include expanding its product portfolio to encompass both pneumatic and hydraulic solutions, thereby offering a holistic range of fluid power products. The company specializes in manufacturing components such as pneumatic cylinders, controls, valves, hydraulic reservoirs, filters, and cooling systems. These products are primarily targeted at the mobile equipment and transportation sectors, including applications in winch controls, snow and ice controls, refuse vehicles, dump trucks, PTO controls, and utility vehicles.
Financials and Funding
As of the latest available data, APSCO generates an estimated annual revenue of $35.1 million, with a workforce of approximately 107 employees. The company has experienced a 20.59% increase in employee growth, indicating a positive trajectory in its operations. APSCO has undergone multiple financing rounds, including a debt financing round under the Paycheck Protection Program (PPP). Notable investors include Berks Group, TGP Investments, and Whiterock Capital.
Technological Platform and Innovation
APSCO distinguishes itself through its proprietary technologies and commitment to innovation. The company's product line includes advanced pneumatic cylinders, controls, and valves, as well as hydraulic reservoirs, filters, and cooling systems. The acquisition of STAC Inc. has enhanced APSCO's technological capabilities, particularly in the development of the THERMAFLOW® line of hydraulic coolers. APSCO's manufacturing facility in Tulsa, Oklahoma, is ISO 9001:2015 certified, reflecting the company's dedication to quality and continuous improvement.
Leadership Team
APSCO's leadership team comprises experienced professionals dedicated to driving the company's growth and innovation. Key executives include:
- William Mocha, Chief Executive Officer: Oversees the company's strategic direction and overall operations.
- Richard Matthews, President: Leads the company's operational initiatives and business development efforts.
- Deirdre Dinelli, Chief Financial Officer: Manages the company's financial planning and reporting.
Competitor Profile
APSCO operates in a competitive market with several notable companies offering similar products and services. Key competitors include:
- Bundy Refrigeration: A manufacturer and supplier of cooling system components.
- De Dietrich Process Systems: Provides process equipment, engineered systems, and process solutions.
- Hongfa Technology: Manufactures and markets solar energy conversion materials and systems.
- REINTJES: Specializes in manufacturing maritime industrial gearboxes.
Strategic Collaborations and Partnerships
APSCO has formed strategic partnerships to enhance its product offerings and market reach. The acquisition of STAC Inc. in 2022 has allowed APSCO to offer a comprehensive line of hydraulic reservoirs, filters, and cooling systems, including the THERMAFLOW® line of hydraulic coolers. This collaboration has strengthened APSCO's position in the fluid power products market.
Operational Insights
APSCO's strategic considerations focus on maintaining a competitive edge through product diversification and quality assurance. The company's ISO 9001:2015 certification underscores its commitment to quality management systems. By integrating pneumatic and hydraulic solutions, APSCO offers a unique value proposition to its clients in the mobile equipment and transportation industries.
Strategic Opportunities and Future Directions
Looking ahead, APSCO aims to leverage its expanded product portfolio to capture a larger market share in the fluid power products sector. The company is focused on continuous innovation and quality improvement to meet evolving customer needs. By strengthening strategic partnerships and exploring new market opportunities, APSCO is well-positioned to achieve its future objectives.
Contact Information
For more information about APSCO and its products, please visit the company's official website.
