Faster cuts, long tool life
Higher speeds, tougher metal
Elkhart, Indiana - Speedgrip Chuck Inc., an Elkhart, Indiana-based designer and manufacturer of highly engineered workholding mechanisms, has been acquired by an affiliate of Stratford-Cambridge Group, a private investment firm headquartered in Plymouth, Michigan.
Speedgrip was founded in 1946 and operates and distributes its products out of its facility in Elkhart, Indiana. The company has a strong commitment to its customers, quality, engineering and its highly trained employees. The company is a nationally recognized leader in the workholding industry for its ability to engineer and deliver highly customized solutions for its clients around the globe.
Speedgrip attributes its success to consistent and strong relationships with its global client base and strong management team that will remain focused on operating excellence and driving revenue growth through product innovation and customization well into the future.
"Charter worked closely with Speedgrip's ownership to find a successor that would further the company's dedication to customer service and help build upon its existing value-add proposition to its market," said Jason T. Byrd, Managing Director, Charter Capital Partners. "By supporting the current leadership and their future plans for the company, Stratford-Cambridge Group will help elevate Speedgrip to greater levels of financial and operational performance."
Source: Speedgrip Chuck Inc
Jalisco, Mexico - Presented at the Conalep Cast Zapopan technical school, in Zapopan, Mexico the event drew representatives from 55 companies and 15 schools, including SURFCAM customers, potential customers, students and professors.
“During the two-days, we conducted seminars in the morning and afternoon, and we offered conference sessions related to manufacturing areas, such as 3D scanning, 3D printing, cutting tools, CNC machines, quality control and, of course, the latest technology available in SURFCAM,” says Ricardo Valadez de la Torre, general manager of Soluciones en Diseño y Manufactura, SURFCAM Authorized reseller in Mexico.
“In addition to the seminars and conference sessions, we had an expo where we showed two CNC machines running with SURFCAM, 3D scanners, cutting tools and 3D printers from other companies compatible with SURFCAM.”
The SURFCAM Technology Days event was covered by Jalisco TV, which broadcast the conference over the Internet in real time.
“This definitively was a very successful event, due the high response of people who attended,” says de la Torre. “Our events have typically been just for end users, and up to 100 people, but this year we opened the event to everybody and we increased the attendance by more than 400%.”
SUFCAM General Manager Peter Marton said that the event provided an ideal opportunity for attendees to better understand how the advanced technologies within SURFCAM is able to make their jobs easier.
“The turnout was fantastic, which granted us the valuable opportunity to interact with a tremendous amount of people,” says Marton. “It was a great opportunity for us to maximize valuable face time, and the perfect opportunity for participants to get to know the SURFCAM community and to network with each other.”
Source: Surfcam Inc.
Washington, DC – The Equipment Leasing & Finance Foundation’s December 2015 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) is designed to collect leadership data. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1.046 trillion equipment finance sector. Overall, confidence in the equipment finance market is 60.2, unchanged from the November index.
When asked about the outlook for the future, MCI-EFI survey respondent Valerie Hayes Jester, president, Brandywine Capital Associates, Inc., said, “December activity is strong as we traditionally experience a last minute push to acquire equipment from procrastinators. Looking a bit further out we still see uncertainty as events continue to unfold, gas prices decrease and the presidential election continues to baffle.”
December 2015 survey results
The overall MCI-EFI is 60.2, unchanged from the November index.
- When asked to assess their business conditions over the next four months, 12.5% of executives responding said they believe business conditions will improve over the next four months, a decrease from 14.8% in November. 75.0% of respondents believe business conditions will remain the same over the next four months, an increase from 74.1% in November. 12.5% believe business conditions will worsen, an increase from 11.1% the previous month.
- 8.3% of survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase over the next four months, a decrease from 22.2% in November. 79.2% believe demand will “remain the same” during the same four-month time period, up from 66.7% the previous month. 12.5% believe demand will decline, an increase from 11.1% who believed so in November.
- 25.0% of executives expect more access to capital to fund equipment acquisitions over the next four months, an increase from 22.2% in November. 70.8% of survey respondents indicate they expect the “same” access to capital to fund business, a decrease from 77.8% the previous month. 4.2% expect “less” access to capital, an increase from none last month.
- When asked, 45.8% of the executives report they expect to hire more employees over the next four months, a decrease from 48.1% in November. 50.0% expect no change in headcount over the next four months, up from 48.1% last month. 4.2% expect to hire fewer employees, up from 3.7% in November.
- 4.2% of the leadership evaluate the current U.S. economy as “excellent,” an increase from 3.7% last month. 95.8% of the leadership evaluate the current U.S. economy as “fair,” up from 92.6% in November. None rate it as “poor,” a decrease from 3.7% the previous month.
- 8.3% of the survey respondents believe that U.S. economic conditions will get “better” over the next six months, a decrease from 18.5% who believed so in November. 79.2% of survey respondents indicate they believe the U.S. economy will “stay the same” over the next six months, an increase from 77.8% the previous month. 12.5% believe economic conditions in the U.S. will worsen over the next six months, an increase from 3.7% who believed so last month.
- In December, 50.0% of respondents indicate they believe their company will increase spending on business development activities during the next six months, an increase from 44.4% in November. 45.8% believe there will be “no change” in business development spending, a decrease from 51.9% the previous month. 4.2% believe there will be a decrease in spending, an increase from 3.7% last month.
Why an MCI-EFI?
Confidence in the U.S. economy and the capital markets is a critical driver to the equipment finance industry. Throughout history, when confidence increases, consumers and businesses are more apt to acquire more consumer goods, equipment and durables, and invest at prevailing prices. When confidence decreases, spending and risk-taking tend to fall. Investors are said to be confident when the news about the future is good and stock prices are rising.
Who participates in the MCI-EFI?
The respondents are comprised of a wide cross section of industry executives, including large-ticket, middle-market and small-ticket banks, independents and captive equipment finance companies. The MCI-EFI uses the same pool of 50 organization leaders to respond monthly to ensure the survey’s integrity. Since the same organizations provide the data from month to month, the results constitute a consistent barometer of the industry's confidence.
How is the MCI-EFI designed?
The survey consists of seven questions and an area for comments, asking the respondents’ opinions about the following:
- Current business conditions
- Expected product demand over the next four months
- Access to capital over the next four months
- Future employment conditions
- Evaluation of the current U.S. economy
- U.S. economic conditions over the next six months
- Business development spending expectations
- Open-ended question for comment
Source: The Equipment Leasing & Finance Foundation