Midwest Curtainwalls: Innovest Global Signed LOI to Acquire Midwest Curtainwalls, a $12 Million Revenue and Profitable Business

CLEVELAND, Ohio, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Innovest Global Inc. (OTC Markets: IVST) (the "Company" or "Innovest"), a conglomerate with operations in commercial and industrial products and services, energy, biotechnology, and health services, details today that it signed a Letter of Intent to acquire Midwest Curtainwalls ("Midwest"). Midwest is a company that will add to our Construction and Building Materials efforts. They generate $10-$12 million in annual revenue from specialty commercial construction contracts, with projections of $2.4 million in profit from current contracts. This acquisition will mark the most profitable IVST acquisition to date, and is contingent upon due diligence and final documentation.John Yenges is a Six Sigma trained construction executive who recently became their Chief Operating Officer. With this transaction, Innovest will promote Mr. Yenges to president of Midwest, which he will continue to run. Mr. Yenges has demonstrated that he has a history of providing rapid growth to companies he joins, and a pipeline of relational opportunities, which Innovest believes will provide Midwest significant potential for similar growth.Midwest (click here for their website) ...Full story available on Benzinga.com