Address: 7939 W. Tower Ave., Milwaukee, WI 53223
Website: www.badgermagnetics.com
Year Founded: 1955
Product or Service offered: Design, engineering and manufacturing of wound magnetic products including transformers,inductors, coils, chokes, reactors, speed sensors, and battery chargers.
Projected 2013 Revenue: $14 million
President and CEO: Clifford E. Evans
Other key members of the leadership team: James Beckman, president designate and chief operating officer
Target Clientele: OEM manufacturers in the following fields: transportation (land, sea and air), oil and natural gas exploration, wind and solar energy, power conditioning, medical devices, military, industrial equipment, electronics, power conversion, mining, railroad, heavy equipment, sanitation, and alternative fuels.
Business organization memberships: TEC group 59, Vistage, Chief Executive Network, MMAC, WMC, The Transformer Association
What has fueled your company’s growth?: “Five acquisitions since December of 2008 provided us with a market share increase.”
What is the biggest obstacle to your company’s growth?: “The economy.”
Do you plan any changes in your company in the upcoming months?: “We have more acquisitions planned.”
Who are the business people, locally or nationally, whom you admire? And what traits do those people exhibit that make you admire them?: “Alan Mulally of Ford for his ability to lead in multiple industries.”
What is the outlook for the business conditions of your industry over the next several months?: “We anticipate moderate growth.”
What is your company’s most important growth strategy right now?: “Acquisition.”
