Dimensions International acquired: CEO says Honeywell will take the company where he could not.THREE YEARS AGO, RUSSELL WRIGHT, CHAIRMAN AND CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Dimensions International (No. 24 on the BE INDUSTRIAL/SERVICE 100 list with $186.2 million in sales) orchestrated or·ches·trate
tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates
1. To compose or arrange (music) for performance by an orchestra.
2. the acquisition of SENTEL Corp., a fellow BE 100s firm, that was some 85% of DI's size in one of the largest black business combinations in history. In May he led the sale of the majority of his company to publicly traded Honeywell International Inc. in a deal valued at $230 million.
As part of the deal, Wright, 39, along with business partner Darrell Crapps will retain the SENTEL assets that were acquired by the newly formed WC Holding. While SENTEL will be the primary operation for WC Holding, there are hints that the duo may expand into the restaurant and clothing businesses. SENTEL, an engineering and software company that ranked No. 73 on the 2004 BE INDUSTRIAL/SERVICE 100 list with $43 million in sales, had contracts with agencies such as the Department of Defense, NASA NASA: see National Aeronautics and Space Administration.
in full National Aeronautics and Space Administration
Independent U.S. , and the Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control . Its technology is used to guard military bases, government buildings, stadiums, subways, bridges, and tunnels. With the assets of SENTEL, WC Holding is positioned to become a BE 100s firm in its own right.
Honeywell is a $33 billion company that services customers worldwide with aerospace products and other control technologies. Dimensions provides logistics support for the U.S. Army, Navy, Air Force, Marine Corps, Coast Guard, and other defense agencies located at military facilities throughout the world. That expertise will make Honeywell a stronger contender as it is currently competing for U.S. anti-terrorism contracts worth up to $500 million.
Once the acquisition is in its final phase, Wright will retain an executive position and run day-to-day operations. While Wright could not comment on the deal before it was finalized See finalization. , he did allude to allude to
verb refer to, suggest, mention, speak of, imply, intimate, hint at, remark on, insinuate, touch upon see see, elude having a go in the public markets during BE's CEO Roundtable in March 2007. "If I were to take DI public, I would clearly change the vice president, I'd change my CFO See Chief Financial Officer. . I'd get a Wall Street CFO, because I need that savvy, that knowledge base to take us to the next level," he said. "I even look at myself sometimes and say 'Can I take DI to a billion dollars?' It's a good question. I've never done it before. I don't know Don't know (DK, DKed)
"Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. . Maybe I'm the person, maybe I'm not the person. I will say this much, I know I will quickly realize if I'm not the person and hire the person to take me there."
DI was formed in 1985 by Robert L. Wright, who handed the reins over to his son in 2002.