National Automation Services Inc., an automation and control systems integration company gearing up for both geographical and industrial expansion, is continuing its preparations to acquire a number of local and regional automation control service companies around the country. With its recent significant announcement that it has obtained an equity financing commitment of $5 million from Ascendiant Capital Group, LLC, a private equity firm, and its affiliate, Ascendiant Equity Partners, LLC, NASV has taken a major step in furthering that business plan.

The financing agreement has a 24-month term, during which NAS may sell shares of its common stock to Ascendiant up to the total commitment amount. The timing and amount of any such sale is completely up to NASV (additional details are available at the company’s website, The agreement represents only one of several financing strategies the company is pursuing as part of their growth strategy, which envisions internal growth combined with expansion through selected acquisitions.

National Automation Services designs, produces, and installs specialized automation systems for a variety of applications, including water and wastewater treatment, airport security, bottling plants and breweries, mining, power plants, food processing, and nearly all types of production operations. Along with a handful of major players in the $500 billion industry, there are perhaps 300 local and regional firms providing automation and control services. These smaller companies can better respond to the needs of local businesses and municipalities, but are constrained by a limited market space, and have no way of monetizing their asset values. National intends to acquire and integrate the strongest such companies into a new organization, providing the synergies and efficiencies of a national company while maintaining the competitive local advantage.

National has already targeted 11 of these companies for acquisition over the next two years and projects year-end 2010 revenues of more than $47 million, with year-end 2011 revenues of over $140 million, predicated on meeting its growth schedule.

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