I have observed many times, over the past 50 years, where a nationwide electrical firm will buy out small companies in many cities.
This was done by the Newberry Electric Corp, JPL Corporation, Dyna-lectric, now the Encompass Corp.
All have been low bidder on most of the large projects.
All have failed and filed bankruptcy.
Encompass paid 100 million for one company and sold it back for 7 million.
Are these corporations laundering money?
This was done by the Newberry Electric Corp, JPL Corporation, Dyna-lectric, now the Encompass Corp.
All have been low bidder on most of the large projects.
All have failed and filed bankruptcy.
Encompass paid 100 million for one company and sold it back for 7 million.
Are these corporations laundering money?