Latest MISCOR Group Ltd. Stories
MASSILLON, Ohio, April 22, 2013 /PRNewswire/ -- MISCOR Group, Ltd. (OTCQB: MIGL) ("MISCOR") today announced the expiration of the 30-day "go-shop" period pursuant to the terms of the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 13, 2013, by and among MISCOR, Integrated Electrical Services, Inc. and IES Subsidiary Holdings, Inc. Under the Merger Agreement, MISCOR had the right to solicit acquisition proposals from third parties for a...
MASSILLON, Ohio, Jan. 7, 2013 /PRNewswire/ -- MISCOR Group, Ltd. (OTCQB: MIGL), a provider of outsourced maintenance and electro-mechanical repair and complementary services for a diverse range of industries, reported today that the Company has retired its subordinated debt and consolidated the Company's remaining debt under a recently announced credit facility with PNC Bank, National Association ("PNC"). This new PNC credit facility includes a revolving line of credit and term loan...
MASSILLON, Ohio, Dec. 26, 2012 /PRNewswire/ -- MISCOR Group, Ltd. (OTCQB: MIGL), a provider of outsourced maintenance and electro-mechanical repair and complementary services for a diverse range of industries, reported today that it has entered into a new credit facility with PNC Bank, National Association ("PNC"), replacing its secured credit agreement with Wells Fargo Bank, N.A. The new PNC credit facility includes a revolving line of credit and term loan that will be used for...
MASSILLON, Ohio, Nov. 20, 2012 /PRNewswire/ -- Magnetech Industrial Services, Inc. (Magnetech), a wholly owned subsidiary of MISCOR Group, Ltd. (OTCQB: MIGL), and leader in the repair and maintenance of commercial and industrial electro-mechanical equipment, today announced the official opening of its re-located Huntington, W.Va. service center. A ribbon cutting ceremony held Nov. 9 was well attended by state and local government officials, MISCOR corporate management, customers,...
MASSILLON, Ohio, Nov. 12, 2012 /PRNewswire/ -- MISCOR Group, Ltd. (OTCQB: MIGL), a provider of electro-mechanical repair and complementary services to a broad range of industries, today reported a 113.7% increase in net income for the three months ending September 30, 2012, compared to the prior-year period. The increase in net income is a direct result of improved operating results in the Industrial Services and Rail Services segments. "We are pleased to report continued revenue...
MASSILLON, Ohio, Aug. 8, 2012 /PRNewswire/ -- MISCOR Group, Ltd., (OTCQB: MIGL) today announced the authorization of its wholly owned subsidiary Magnetech Industrial Services, Inc. as the exclusive service provider for Toshiba-Mitsubishi-Electric Industrial Systems (TMEIC). As the licensed service agent in the U.S. and Canada, Magnetech's Massillon, Ohio service center is authorized to provide repair and maintenance services for TMEIC motors. The agreement grants Magnetech the...
MASSILLON, Ohio, Aug. 6, 2012 /PRNewswire/ -- MISCOR Group, Ltd. (OTCQB: MIGL), a provider of electro-mechanical repair and complementary services to a broad range of industries, today reported a 117% increase in net income for the six months ending July 1, 2012 compared to the prior-year period. This increase in net income is primarily a result of improved sales, gross margins and reduced interest expense. "We are pleased to report continued earnings growth for the first half of...
MASSILLON, Ohio, May 16, 2012 /PRNewswire/ -- MISCOR Group, Ltd. (OTCQB:MIGL) is pleased to announce the authorization of its wholly owned subsidiary, Magnetech Industrial Services, as a distributor for Avtron Industrial Automation, Inc. As a distributor Magnetech offers its customers access to Avtron's encoders, encoder signal convertors, and related encoder accessories for various applications across several industries, including metal producing, metal forming, pulp and paper, wind...
MASSILLON, Ohio, May 2, 2012 /PRNewswire/ -- MISCOR Group, Ltd. (MIGL), a provider of electro-mechanical repair and complementary services to a broad range of industries, today reported a 270 percent increase in net income for the three months ending April 1, 2012 compared to the three month period ending April 3, 2011. This increase in net income is a continuation of the improved results reported by MISCOR Group for fiscal year 2011. "We are pleased to report significant earnings...
MASSILLON, Ohio, April 5, 2012 /PRNewswire/ -- Magnetech Industrial Services, Inc. (Magnetech), a wholly owned subsidiary of MISCOR Group, Ltd. (MIGL.PK), and leader in the repair and maintenance of commercial and industrial electro-mechanical equipment, today announced plans for relocation of its Huntington, W.Va. service center. The new facility, also located within Huntington, will be equipped with increased crane capacity and improved electrical testing capabilities, allowing for...
