Puget Sound Business Journal – Seattle News
July 29, 2011
By: Almeera Anwar, staff writer
A Company that moves other companies is staffing up for a big expansion.
Omega Morgan, an industrial packing and moving company, is expanding into new markets and looking for people to join its growing ranks.
The company, previously known as Morgan Industrial, has seen its greatest growth in the past six years, with a diverse portfolio of new clients from high tech and industrial businesses. It specializes in executing large, complex moves, while also providing industrial construction and architectural services.
Founded in 1991, Omega Morgan currently employs 275 people and plans to hire 10 to 15 more in the coming months. The company is based Hillsboro, Ore., near Portland, and has offices in Fife, Wash., near Tacoma. It is looking primarily for foremen, riggers, commercial drivers, sales representatives and project managers in both of its offices.
“We would like to hire locally as much as possible, from the Pacific Northwest, but it has been a challenge to find qualified employees,” said Jeff Morgan, chief executive officer for Omega Morgan.
Morgan said the company could provide some training but it’s to an applicant’s advantage to already have some experience in the specialty moving industry.
Last year the company did about 3,000 moves and now plans to open more branch locations in the near future, which it says will increase this number.
The majority of the company’s business is in the Pacific Northwest, but it is rapidly expanding. In recent years, the company has signed contracts across the U.S. It also has a growing presence in the international market, having served customers in 26 countries.
“We would like to grow to be around a $100 million company in the next five years. We will do this with both acquisitions and growth in market share,” said Morgan. “At this time, we estimate that about $10 million of that amount will be in acquisitions.” The company said revenue was about $50 million last year.
The company already has a history of growth through acquisitions. In 2003, it bought a specialized rigging company, Omega Rigging. The two companies merged and now operate under one name. Executives believe that the name change and merger give the company the ability to expand into new markets and services.
“We had been looking for some time for ways to expand into the Seattle-Tacoma market, so it worked well for us when Omega Rigging came up for sale,” said Morgan. “We also had been bringing up crews from Portland to work in that area, so acquiring the new company meant no more commutes from the south, and we were all for that.”
At the time of the acquisition, the company was doing about $3 million a year in sales. Since Omega Morgan is a private company, it does not disclose all its financial information, but Morgan guarantees that the business is doing well.
“I can assure you that sales for the rigging business have far exceeded the 2003 figure of $3 million per year,” said Morgan.
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