WEST ALLIS, Wisc., July 7, 2004 — The Metropolitan Milwaukee Association of Commerce (MMAC) recently announced that ReGENco LLC has been named to this year’s Future 50 list for the third consecutive year. In recognition of this accomplishment, they have been designated a “Master Mettle” award winner by the association. The list recognizes the 50 fastest growing, young, Southeastern Wisconsin companies.
In order to be selected a Company must meet the following four criteria: They must have headquarters in the metropolitan area, be less than 10 years old, be independently and privately owned, and growing in sales and employment.
ReGENco continues to grow and show commitment to the Milwaukee area. They have added 15 new employees in the first six months of 2004 and have recently purchased 160,000 square feet of the former Allis-Chalmers complex in West Allis. ReGENco has now served more than fifty customers in over 30 states and Europe and continues to add new services. During 2003 the Company expanded into the Combustion Turbine market and has already booked several substantial orders. ReGENco’s 2003 revenues were thirty six percent higher than 2002, while 2004 is also looking strong.
According to John Bobrowich, President and CEO of ReGENco, “The bottom line regarding ReGENco’s success continues to be our exceptional employees dedicated to giving our customers the best service at the best price. That’s what keeps the customers coming back. Our employees have won this award, and Jim Mathes, ReGENco’s COO, and I are very proud of their continuing accomplishments”
ReGENco, which began with 23 employees, now employs over 100. In four short years, they have increased their shop facility square footage from 75,000 to 160,000. The company was formed in November of 1999 after the announced plant shutdown by its previous operator, Siemens Power Corporation. ReGENco, which repairs turbine and generator equipment for power plants, has successfully maintained the capabilities of the service facility by retaining a large pool of skilled craft labor, experienced engineers and project managers that would otherwise have been dispersed to other areas of the country or absorbed by non-related industries.