Alpine 4 Holdings (ALPP) Subsidiary Morris Sheet Metal Awarded $4.6 Million in New Projects
8 March 2022
Alpine 4 Holdings, Inc. a leading operator and owner of small market businesses, has announced that its subsidiary, Morris Sheet Metal (MSM) of Indiana, has been awarded several new projects totaling $4.6 million in the educational and healthcare facilities space.
Tom Laubhan, President of Morris Sheet Metal, had this to say, "We are eager to begin these new projects as they serve to demonstrate how integral we are to the Indiana and Midwest region. I believe we were awarded these projects much in part on how we handled the volatile market conditions of 2021, where unprecedented inflation pushed the construction services market into a negative margin position on many projects due to material costs on items like steel, which rose to over 200%. While it is not easy to absorb such material cost changes, MSM stood by its customers and honored its contracts, completing prior work on time and on budget. The integrity in which we have conducted ourselves as a company in this difficult market, has led to our customers rewarding this team with the quality projects we proudly build for our community."
Kent Wilson, Alpine 4's CEO commented, "With the volatility of 2021, it's confidence inspiring to see some re-balancing in construction, culminating in this newly awarded work. Morris Sheet Metal has garnered a stellar reputation in the area, and we anticipate the flow of more work as supply chain issues continue to ease."
About Morris Sheet Metal Corp: Morris Sheet Metal (MSM) was established in 1992 and is a full-service HVAC Contractor offering design, fabrication, and installation services in addition to custom metal fabrication services. MSM is an active member of SMACNA and the AFE Association for Facilities Engineers. MSM currently falls under Alpine 4's DSF business model as a Stabilizer.
About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is a NASDAQ traded conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other, have the ability to collaborate across varying industries, spawn new ideas, and create fertile ground for competitive advantages.
Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but also increase value for our shareholders.
Contact: Investor Relations
Forward-Looking Statements: Certain statements and information in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.