Combined Company Will Deliver Unmatched Range, Scale and Capabilities to Streamline Procurement for Leading OEMs
Spring Lake, MI and Cambridge, Ontario ― EQI Ltd. and Accucam jointly announced a merger today that establishes EQI as a leading metal products supplier to the world’s major OEMs. Accucam will operate as a division of EQI and Blake Phillips, EQI’s Chief Executive Officer will oversee the combined business. Terms of the transaction were not disclosed.
Founded in 2004, EQI is a leading global provider of critical supply chain management services, including sourcing, manufacturing and logistics, for OEMs who procure metal castings. EQI boasts the broadest foundry partnerships in the industry. Now with Accucam, EQI cements its position as a leading global metal products supplier delivering unmatched range, scale, and capabilities to streamline and de-risk parts procurement, and adds world-class finish machining of castings and machined parts manufacturing to its suite of services.
Accucam began as a single facility machine shop in 1987 and evolved into to a full-service component part supplier. Today, Accucam operates two facilities in Cambridge, Ontario, Canada and one in Qingdao, China, complementing EQI’s locations across Michigan, Beijing, Coimbatore, India and Hanoi, Vietnam to reach a new global scale. Accucam adds industry partnerships that span agriculture, turf care, defense, and transportation to EQI’s established end markets, including material handling, aerial work platform, construction, oil and gas, forestry, and CNC machine tool industries. Accucam’s finish machining capabilities bring a new set of services to EQI and adds small steel components to its broad product offering while providing complementary customer bases that will now be able to turn to EQI for all their metal product’s needs.
“This new partnership is a ‘win-win’ for EQI and Accucam, bringing benefits to each of our loyal customers and skilled workforces,” said Blake Phillips, Chief Executive Officer of EQI. “By integrating Accucam’s manufacturing and machining capabilities and superior customer service into our service-centric organization, we have created a unique platform to serve current and future customers across an enhanced global footprint, further simplifying their supply chains. The new EQI will continue to deliver high-quality engineering, logistics, and value-added services while also providing finish machining capabilities to OEMs. We are excited to welcome the Accucam team to EQI,” said Phillips.
“We are thrilled to join forces with EQI. For more than 30 years, Accucam has been guided by its mission to be recognized as the leading strategic partner to OEMs by providing global supply management solutions using advanced capabilities in engineering and design. With this step forward taken with EQI, that mission is now complete,” said Jay McNaughton, President of Accucam.
About EQI, Ltd.
EQI simplifies the global supply chain for the world’s leading heavy-equipment OEMs. The company’s one-of-a-kind foundry network delivers high-quality metal castings, forgings, and fabrications on-time and on-budget. With a team of experts and locations in the U.S., China, India, Europe, and Vietnam, EQI’s tailored solutions mitigate risk and contain costs for manufacturers worldwide.
About Accucam
Accucam, a division of EQI, has been a trusted OEM partner since 1987. Internationally recognized OEM brands trust Accucam to help them achieve high quality components at a reduced cost. With factories in North America and Asia, and strategic partnerships around the world, Accucam is a key, global, OEM partner.
EQI ltd., a value-added casting engineering, sourcing, and logistics company, announced today that it has been selected as one of West Michigan’s 2023 Best and Brightest Companies to Work For®.
The Best and Brightest Companies to Work For® qualification identifies and honors companies that deliver exceptional human resource practices and an impressive commitment to their employees. Organizations are assessed based on categories such as communication, work-life balance, employee education, diversity, recognition, retention and more.
“EQI is honored to have been recognized as one of West Michigan’s Best and Brightest for 2023” said EQI’s President and CEO, Blake Phillips. “At our core, EQI is a service company that must prove its value every day to a diverse global customer base”, continued Mr. Phillips. “We approach HR in a similar way – providing value to our employees through a positive and engaging work environment where team members feel challenged, supported, and rewarded.”
The Best and Brightest Companies to Work For® is a program that provides the business community with the opportunity to gain recognition, showcase their best practices and demonstrate why they are an ideal place for employees to work. It is presented annually in several markets including Atlanta, Boston, Chicago, Dallas, Detroit, Houston, Milwaukee, San Diego, San Francisco Bay Area, West Michigan and Nationally.
EQI is a global metal solutions provider that supplies to OEM’s in the Heavy Equipment, Industrial, and Commercial markets.
EQI is proud to participate with various local charities during this unprecedented holiday season. “With the various struggles our community faces today, EQI is pleased to have a culture driven by our employees that wants to make a difference” says Kelly Christian, EQI’s Controller. This year, EQI has provided assistance to Berea Food Bank, Veterans of Muskegon Food Pantry, Meals on Wheels, a Covid-19 relief fund through the local churches, and the company has adopted a teen through Tri Cities Community Cares. “We wish our entire community the very best and feel fortunate to have the ability to make a positive impact” says Christian. EQI ltd. is a global value add casting partner providing engineering, production, and logistic services. They are headquartered in Spring Lake, MI.
Acquisition Strengthens EQI’s Leading Position as Full-Service Solutions Provider for Major OEMs
Spring Lake, MI – EQI Ltd. (“EQI”) announced today that it has acquired Industrial Paint Solutions (IPS), a leading supplier of repair, vendor managed inventory (VMI) and finish painting services located in Craigavon, Northern Ireland. This transaction brings enhanced service capabilities to EQI, which partners with the world’s leading original equipment manufacturers (OEMs) to seamlessly manage global supply chain needs.
IPS was founded in 2011 by Richard Graham, who still leads the business today, now as part of EQI. The company provides finish painting services (both wet and powder coatings), counterweight repairs, VMI, and other services to OEMs. Reliable finish painting is critical to the usability of castings, which will now be handled by EQI in-house in the Craigavon facility.
Since its founding in 2004, EQI has established itself as a leading global provider of critical supply chain management services, including sourcing, manufacturing and logistics, for OEMs who procure metal castings. With the broadest foundry partnership relationships in the industry and locations across Michigan, Beijing, Coimbatore (India) and Hanoi (Vietnam). To support its services, the company maintains an industry-leading network of over 50 foundry partnerships in China, India, and Vietnam. EQI serves industrial companies across diverse end-markets. Those markets include material handling, aerial work platform, construction, oil and gas, forestry, and agricultural industries. When OEMs need support across engineering, logistics, designing a new product or now, painting and repairs, EQI provides a “one-stop-shop” to meet their needs.
“IPS has been a class leading supplier to EQI since its inception and we are glad to now bring their reputation for exceptional VMI and finish painting capabilities to EQI’s scope of services,” said Blake Phillips, CEO of EQI. “We’re all about making the supply chain easier to navigate for our customers and having IPS as part of our service offering will strengthen our ‘best in class’ service capabilities.”
“There is no greater compliment than when a customer whom you service wants your team to become part of their team. We’re excited to be part of EQI’s unparalleled supply chain management services for OEMs who rely on us for top-quality finished castings,” said Richard Graham, Founder of IPS.
The EQI team once again participated in Kids’ Food Basket “Go Orange for KFB March Challenge,” placing second in the 2022 event. This year, we raised a total of $6,356.00, donated 170 lbs of food, volunteered 32 hours, decorated bags, made supper packs, and attended dine-out events.
Kids’ Food Basket (KFB) increases access to healthy food for children and families in West Michigan. KFB president and founding CEO Bridget Clark Whitney thanked the EQI team for its dedication and support for the last five years.
“We are so grateful to you and all of the ways you have championed this beautiful, critical mission,” said Clark Whitney in a video message, noting that KFB’s Muskegon location serves 1,700 meals every weekday during the school year and summer.
“Your contributions, your championship, and your volunteerism is helping our community show up for each and every one of our kids,” she said. “We’re really grateful for EQI, your whole company, and your whole team.”