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Alpine 4 subsidiary Thermal Dynamics International wins a new $2.2M contract in Africa

Last updated: 11:01 19 Aug 2021 EDT, First published: 10:46 19 Aug 2021 EDT

US Federal -
The new contract is in addition to a $1 million contract for a new project in Europe awarded earlier this month

Alpine 4 Holdings Inc announced that its subsidiary, Thermal Dynamics International Inc (TDII), has been awarded a new $2.2 million contract in Africa. 

The new contract is in addition to a $1 million contract for a new project in Europe awarded earlier this month. TDII said it expects more contracts to follow as international travel continues to open up, increasing accessibility. 

READ: Alpine 4 Holdings sees its 2Q revenue climb 63% quarter-over-quarter

Thermal Dynamics International is an international contracting, fabricator, and project management services company. Its primary client is the US Federal Government, including the Department of Defense and Department of State. The company specializes in managing complex projects, assets and infrastructure for its customers, including support and services for the engineering, design, logistics and installation of HVAC (heating, ventilation, and air conditioning), control and electrical systems in government facilities outside the US. 

"The strategic acquisition of Thermal Dynamics has quickly proven to be a substantial addition to Alpine 4's ever-growing holdings,” Ian Kantrowitz, a member of Alpine 4's executive leadership team, said in a statement.

“With the leadership of TDII's President, John Meiser, their elite team creates the necessary solutions to solve the most demanding infrastructure projects around the world with exacting precision.”

Alpine 4 is a publicly-traded conglomerate that is acquiring businesses that fit into its disruptive DSF business model of drivers, stabilizers, and facilitators. 

Thermal Dynamics, acquired by Alpine 4 in April, resides in the A4 Defense Systems portfolio and is considered a "stabilizer" company from Alpine 4's DSF business model.

Contact the author at stephen.gunnion@proactiveinvestors.com

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