Tuesday, March 4, 2008 , Updated
Frisco-based KCM Holdings Corp. expands into Canada
FRISCO — KCM Holdings today announced completion of the acquisition of Blue Energy Communications Inc.’s assets and client base. Blue Energy is a private Canadian consulting firm specializing in business communications, marketing and strategic development. Terms of the deal were not disclosed.
Photo not provided by KCM Holdings
The acquisition should provide a much-needed jolt to KCM's plans for global expansion
Blue Energy brings four years experience in a host of industries, including oil and gas client Royal Dutch Shell; their experience spans further to a variety of government and real estate development clients. The acquisition expands the reach of KCM Holdings Corp. into Canada, opening new opportunities that reflect its broad-based international growth strategy.
Blue Energy Communications, Inc. is expected to generate over $1 million in revenue over the next 12 months. The strength of the Canadian Dollar has made Canadian acquisitions timely and prudent, as KCM continues to establish key strategic partnerships and open new revenue opportunities designed to benefit its shareholders.
Chad Lefevre, founder and director of Blue Energy and Ed Kang, COO of KCM, have already successfully collaborated on key revenue projects.
“We are very pleased with the acquisition and this is the first of many acquisitions for KCM Holdings,” says Donald Klein, CEO of KCM, “Canada plays an integral piece of our global expansion.”
Source: KCM Holdings
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kirk, says:
"The strength of the Canadian Dollar has made Canadian acquisitions timely and prudent, as KCM continues to establish key strategic partnerships and open new revenue opportunities designed to benefit its shareholders."
Someone's going to have to explain that one to me, since it's not consistent with anything I've ever learned about international economics.
"Buy at a high price, because their dollar is worth more than ours and, if it stays the same or goes higher, that will make it look like we have higher revenues." Is that what they're saying?
Anonymous
1 year, 9 months agoLink to this comment | Suggest removal