Marine Solutions staff participated in the annual Kentucky River Clean Sweep this past weekend. The Kentucky River Clean Sweep takes place with the help of hundreds of volunteers to aid in the clean up effort along the banks of the river. For more pictures and information on the event please go to: NEWS ARTICLE
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PRESS RELEASE -
Zweig Group Announces 2015 Hot Firm List FAYETTEVILLE, Ark. (July 9, 2015) – Zweig Group is proud to announce the release of the 2015 Hot Firm List, a prestigious list honoring the fastest growing firms in the A/E/P and environmental consulting industry. The distinction of making it on Zweig Group’s Hot Firm List is a great accomplishment for firms that have achieved success in the A/E/P and environmental consulting industry. In an industry comprised of over 100,000 firms, those who have made the list have demonstrated their ability to thrive and now be recognized among the elite 100 fastest-growing firms. Placement on the list is based on both percentage revenue growth and dollar revenue growth over a three-year period compared to the other entrants. The success of growing firms will be celebrated along with other Zweig Group award winners at the all new Hot Firm and A/E Industry Awards Conference, an event Mark C. Zweig, Zweig Group founder & CEO calls, “The single most fun, inspirational, and exciting event for our industry.” “I love coming to this conference,” said Mark Zweig. “I find the energy level and creativity of those who attend much different from that of a typical industry conference where you’ll often find a lot of griping, whining, and complaining about one aspect of this business or another. These people are working hard to make companies that grow and are good places to work and that is a noble endeavor,” added Zweig. This year’s conference on September 3-4, 2015, will take place at the Fairmont Copley Plaza Hotel in Boston, MA. Hot Firm winners along with CEOs, managers, marketing professionals, H.R. directors, and firm principals, will gather for education, participation, networking and celebration – including a black tie dinner and reception where winners will receive awards and be acknowledged in a special ceremony. The success stories of Hot Firms will be shared at the event, along with a variety of speakers from a range of industries, guaranteed to challenge and inspire other firms to achieve even greater success. The complete list of winners can be accessed here: https://zweiggroup.com/awards/the-zweig-letter-hot-firm-list/2015_winners.php We filmed a short underwater video of one of our divers installing some anchors during an ammonia line installation project. Check out behind the scenes footage!
This past weekend some of our divers showed wee ones how to dive for treasure on the Jillian V at thee Privateer Festival in Baltimore, MD! Arrr, matey! The Privateer Festival sets a course for a full scale land invasion of living history, music, dance, kid’s activities, arts, crafts, and food. SBA's Kentucky District Office has highlighted us as a small business success story! Check it out to learn more about our growth as a company and how SBA can assist small businesses. To see the actual article, please visit the U.S. Small Business Administration website. SBA Assistance Helps Business Grow
"Marine Solutions, Inc. (MSI) is a small, Disadvantaged Business Enterprise (DBE) specializing in engineering and commercial diving. The firm is focused on building and maintaining waterfront, hydraulic, navigation and bridge structures. MSI combines marine engineering and construction experience, to provide clients with high-quality, innovative solutions for their facility by; assessing the problem, designing and then implementing the repair. MSI’s services are provided through a diversified staff of engineers, commercial divers and construction professionals with experience throughout the U.S. and abroad. MSI is majority owned by Amy Wilkins, PE, who seeks to exceed client expectations and to ensure that MSI is always in the forefront of the industry by providing unparalleled service and value through its highly motivated staff. SBA Assistance: MSI management worked with the Bluegrass SBDC in Lexington, KY to develop their business plan and projections, obtain initial funding, recognize cash flow, profit and growth issues and assist with obtaining funding to alleviate these issues.
Staying power: After seven years, MSI is an emerging leader in the marine engineering and diving industry. The inland (non-coastal) industry is small, and many businesses are either engineering or commercial diving firms, but not both. MSI is unique in offering both services, and the combination of those services provided by one company is in high demand. MSI is managing growth, expanding their niche service areas and developing relationships with their clients to encourage continued opportunities. Response to adversity or problems: The biggest challenges that MSI has faced is having access to enough capital and having the opportunity to perform work within a tight-knit industry. From its inception, MSI had been underfunded, which caused major cash flow challenges, particularly as the company began to grow and required additional equipment and operating capital for payroll and other needs of a growing business. Initially, MSI was unknown, and many clients did not want to take a chance on the company unless its price was significantly lower than others. MSI’s president, Amy Wilkins, enrolled in the Profit Mastery course with SBDC in Lexington, KY the fall of 2010. Working with the SBDC after completing this course, MSI was able to recognize its cash flow and profit margin issues and make improvements needed to turn the company around. MSI received an SBA 7(a) loan in April 2011 to restructure the initial start-up loan and past equipment purchases as well as to accommodate the expenditures of starting a large, long-term project and to free up and expand the line of credit. In March 2012, MSI was awarded a 3-year contract with the U.S. Navy to inspect all of its waterfront facilities in the mid-Atlantic. This contract was set aside for small businesses, allowing MSI a chance to demonstrate their abilities to a client that would otherwise be tough to access due competing against large businesses. This exposure, as well as their prior five years of working reputation, allowed for MSI to adjust its fee schedule to allow for profit and remain their clients’ preferred choice for marine solutions. Due in large to assistance from the SBA, MSI has reduced debt, increased cash flow and profit, and has grown successfully. The company has capitalized on opportunities created by the SBA and has relied heavily on SBA financial assistance to fund the growth these opportunities produced. Community Involvement: MSI moved to Nicholasville, a bedroom community of Lexington, in 2011 and has become involved with the Jessamine County Chamber of Commerce. MSI uses local businesses and chamber members whenever possible as suppliers of materials, parts and services. The company also sponsors local school and youth programs in both Lexington and Nicholasville. Learn more about SBA’s loan programs, free counseling services and other small business programs at http://www.sba.gov/, your lender, and your local Small Business Development Center (SBDC), SCORE Chapter or Women’s Business Center."
We are proud to announce that MSI is celebrating 7 years of providing solutions to our clients this week. Our staff's dedication to providing exceptional quality of service while always maintaining safety has been key to our success. We would not be here without all of their hard work, long hours, and commitment to safety and excellence.
As promised, here's a video of the Milton-Madison Bridge Slide. Incredible! (for more information on the project see our previous post) Last year, MSI performed underwater construction and commercial diving services for the Milton-Madison Bridge. The bridge reopened earlier this week after the historic slide. Stay tuned for a video of this incredible feat.
For a full article: http://www.roadsbridges.com/bridge-construction-milton-madison-bridge-reopens?eid=216611660&bid=854830 Did you know we're a woman owned company? We missed International Women's Day, but this infographic is still very interesting and worth a look!
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