ISS Expands Distribution Network by Acquiring Texas-Based Autocraft

PORTLAND, OREGON — Instrument Sales and Service, Inc (ISS), with headquarters in Portland, Oregon, has acquired a major automotive electronics service center and distribution facility in Dallas, Texas, from ATC Logistics and Electronics, Inc., part of GENCO Product Lifecycle Logistics, a supply chain and logistics management company with headquarters in Pittsburgh, Pennsylvania.

The Dallas operation, formerly conducting business under the Autocraft brand name, provides factory-authorized remanufacturing, repair and component exchange services for vehicle radio, instrumentation, GPS, and telematics systems to the dealer networks of automotive original equipment manufacturers (OEM’s).

Dave Lisle, Chief Executive Officer of ISS, made the announcement today, stating that, “We see the Autocraft acquisition as a significant geographic extension of the value-added original equipment services we already provide to automotive dealership customers throughout the western states. The addition of a Dallas location to our existing strategic network of electronic service and distribution centers in Seattle, Portland, Denver, and Phoenix allows us to further enhance our ability to provide fast, reliable, efficient and high-quality component supply and same-day exchange services to our automotive dealership customers.”

Mike Simpson, Sr. Vice President of GENCO remarked that, “Being in the business as long as Autocraft has, this was a difficult decision for us, but we feel it is in the best interest of our customers and our stakeholders to sell the business to ISS. The Autocraft business provides critical original equipment services to automotive dealerships throughout the southern United States. ISS was the logical suitor due to its existing strengths in audio and instrumentation remanufacturing, manufacturing and distribution.

We are confident that ISS will ensure there will be no disruption in service to ATC’s customers, and the transition will be seamless and efficient.”

Mr. Lisle further stated that, “ISS is pursuing a number of focused growth strategies in our core business segments of electromechanical original equipment remanufacturing, and past-model service product line transfers. Our original equipment service business is growing as we expand our existing business lines, along with strategic acquisitions like Autocraft. Our value proposition to Original Equipment Manufacturers is resonating well. It is often much more cost-effective to remanufacture or refurbish sophisticated electromechanical products than to pitch them. Furthermore, factory-authorized remanufacturing is economical, and is better for the environment because it’s less energy intensive and we aren’t discarding perfectly good sub-components into landfills. We deliver fast, accurate, factory-authorized solutions just as fast, if not faster than competing alternatives. Perhaps most importantly, our product quality often exceeds original specifications.”

“The Autocraft facility and personnel located in Carrollton, Texas, will join ISS’ extended manufacturing, distribution and sales centers in Portland, Seattle, Phoenix, Denver, and Detroit. The expansion is focused on building ISS’ already strong reputation for rapid response due to its extensive geographic network,” ISS President Scott Haugen said. “Our customers value our flexibility in handling both low- and high-volume programs in a cost-effective manner. By adding these resources, we can aggressively expand our remanufacturing and distribution capabilities in new geographic markets.”

About ISS:

Instrument Sales & Service, Inc. is a diversified manufacturing, remanufacturing and distribution company offering past-model product and service solutions for electromechanical components supplied to customers in the automotive, transportation, industrial equipment, and electronic industries. Headquartered in Portland, Oregon, with manufacturing, distribution and sales centers in Seattle, Phoenix, Denver, Dallas, and Detroit, ISS provides prompt, efficient and accurate original equipment parts and service solutions to more than 7,000 customers both in the United States and internationally. Customers include original equipment manufacturers (OEM’s), Tier-1 suppliers, dealerships, distributors, resellers, and aftermarket service companies. Founded in 1949 as an automotive parts supplier, ISS is an industry leader in providing OEM service and aftermarket parts solutions, and is the premier Electronic Service Center of choice for automotive dealerships nationwide. ISS meets the strictest quality standards in the automotive industry (ISO/TS 16949:2009) as well as ISO 9001:2008 and ISO 14001 Environmental Management Standards.

ISS Selects New CEO with Strong Record of Strategic Growth

PORTLAND, OREGON — Instrument Sales and Service, Inc. (ISS) with headquarters in Portland,Oregon, is pleased to announce the appointment of David A. Lisle as Chief Executive Officer. Gary Jacobs, Chairman of the ISS Board of Directors, stated, “We are pleased to welcome Dave Lisle to ISS. Mr. Lisle will be responsible for growth initiatives and strategy to achieve additional sales and new product and service offerings for our customers and core markets. Dave”s leadership will serve to further enhance the company”s leading position in Product Line Transfer management and Remanufacturing Solutions for Fortune 500 OEM”s.”

New CEO Dave LisleSean Kelly, the prior CEO, will continue to be a major shareholder and board member of ISS. Mr. Kelly added, Iss is thrilled to have Dave on board. I believe he will provide continuity in sales and service to our established customer base, as well as leadership of our organization”s emerging growth initiatives.”

Prior to joining ISS, Mr. Lisle was President/CEO of Wausaukee Composites in Green Bay, Wisconsin, where he oversaw business expansion from 120 employees at two plant locations in 2002 to more than 550 employees at four US plant locations and sales growth in excess of 400%. During that time period Wausaukee Composites became broadly recognized as a leading manufacturer of highly-engineered structural plastic components and assemblies for Fortune 500 OEM customers in the Transportation, Construction, Agricultural Equipment, Medical, Energy, and Corrosion industries, worldwide.

Previously, Mr. Lisle held executive management positions in business development, strategic planning and financial analysis, including roles as Director of Strategic Planning at Unocal Corporation, Director of Product Strategy at Hyster/Yale Materials Handling, and Manager of Planning and Analysis at Amoco Production Company. Mr. Lisle also serves on a number of corporate and not-for-profit boards. Mr. Lisle received his BS degree from Michigan State University, an MS degree from Louisiana State University, and an MBA from The University of Virginia.

About ISS:

Instrument Sales & Service, Inc. is a diversified manufacturing, remanufacturing and distribution company offering past-model product and service solutions for electromechanical components supplied to customers in the automotive, transportation, industrial equipment, and electronic industries. Headquartered in Portland, Oregon, with manufacturing, distribution and sales centers in Seattle, Phoenix, Denver, and Detroit, ISS provides prompt, efficient and accurate original equipment parts and service solutions to more than 7,000 customers both in the United States and internationally. Customers include original equipment manufacturers (OEM”s), Tier-1 suppliers, dealerships, distributors, resellers, and aftermarket service companies. Founded in 1949 as an automotive parts supplier, ISS is an industry leader in providing OEM service and aftermarket parts solutions, and is the premier ElectronicServiceCenter of choice for automotive dealerships nationwide. ISS meets the strictest quality standards in the automotive industry (ISO/TS 16949:2009) as well as ISO 9001:2008 and ISO 14001 Environmental Management Standards.

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