Newtech Systems

Everon Acquires Kentucky-based Newtech Systems

Posted by Jay Bartlett December 9, 2023 11:13 am Categories: Distributors / Systems Integrators. Tags: acquisition, Everon, Newtech Systems.

Everon announced the purchase of Newtech Systems, based out of Ashland, KY. This marks the first M&A activity for Everon since its establishment as a standalone organization with GTCR’s acquisition in October, and makes steps towards delivering on the company’s objectives for growth and geographic expansion. A family owned and operated business established in 2006 with a history that dates back to 1954, Newtech Systems has solidified its reputation as one of the leading and most respected systems integrators in the region.

How An Innovative Control Room Can Help Secure The Budding Cannabis Market

It’s no secret that the cannabis industry is growing. Numerous states across the United States, from California to Maine, have legalized recreational cannabis, with 33 total states allowing cannabis for medicinal uses. And it’s not just the United States that’s seeing this trend: Canada’s official legalization of recreational cannabis took effect last October. This growth is leading to incredible opportunities in the industry, with the global market valued at $10.3 billion in 2018 and projected to reach $39.4 billion by 2023. This market opportunity expands far beyond the companies that directly deal with the cannabis plant, with numerous adjacent businesses on track to experience benefits.