After 30-year quest, Kent inventor finally buys out his sole competitor
“After 30-year quest, Kent inventor finally buys out his sole competitor”, Puget Sound Business Journal, May 2015
by Steve Wilhelm
One man’s 30year journey with one technology came to a happy conclusion this week. Novinium Inc. CEO Glen Bertini on Thursday said he’s happy to be moving into the former headquarters of longtime rival UtilX Corp. in Kent, after Novinium’s $40 million purchase of UtilX last month. Bertini had a painful split with that company more a decade ago. “It’s incredible!” he said Wednesday in a Youtube video. “We did what we said we would do. I’m really happy to put the band back together.” Bertini and investors in April purchased the somewhat larger UtilX from owner Willbros Group, Inc. (NYSE: WG). The new merged company, under the Novinium name, will generate about $85 million in annual sales, Bertini said.