Simulated Environment Concepts, Inc. Announces Potential Merger with CMR Construction & Roofing, LLC
TL;DR
The merger with CMR positions Simulated as a diversified construction company, enhancing shareholder value and increasing revenues.
The merger aims to create a diversified construction company focusing on responsible risk management and providing practical solutions to global challenges.
The merger aims to make the world a better place by investing in and acquiring innovative construction businesses that prioritize responsible risk management.
CMR, one of the Top 10 roofing companies in the country, specializes in historic restoration work, complex commercial buildings, and specialty residential projects.
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Simulated Environment Concepts, Inc. (OTC: SMEV), known as Simulated, and CMR Construction & Roofing LLC (CMR) have announced the execution of a Letter of Intent (LOI) aimed at a strategic business combination. This prospective merger seeks to unify Simulated with CMR, which ranks among the top 10 roofing companies in the United States.
The primary goal of this proposed merger is to create a diversified construction company focused on increasing shareholder value through investments and acquisitions of innovative construction businesses. The merger also aims to foster responsible risk management and offer practical solutions to global challenges in the construction and roofing industries. Additionally, the new entity aims to boost revenues by leveraging ancillary verticals and upselling a comprehensive range of home improvements to existing customers.
Both companies express confidence that the merger will provide the necessary strength and resources to implement an ambitious growth strategy. This anticipated merger represents a significant milestone in Simulated's transformation into a multi-faceted enterprise engaged in construction, real estate financing, corporate spin-outs, industry consolidations, and early-stage financing, with CMR set to become the surviving entity.
"This strategic transition signifies a crucial juncture and opportunity for SMEV," stated Bryan Wilkinson, CEO of Simulated Environment Concepts. "I have been greatly impressed by CMR's successful execution and expansion since 2018, as they embrace innovation, diversification, and future technologies that will provide a renewed perspective for the future of SMEV shareholders."
The Letter of Intent outlines the principal terms of the proposed merger, which is expected to significantly enhance SMEV's market capitalization. This expectation is based on CMR's consistent annual revenue of over $100 million since 2018, a trend anticipated to continue as the company expands its business operations.
The merger will allow Simulated to integrate substantial business acumen and management expertise when CMR's team assumes leadership roles within SMEV. "We're looking forward to collaborating with Simulated and anticipate a successful merger. This transaction is important and integral to our Strategic Plan," said Steven Soule, CEO of CMR Construction & Roofing, LLC.
This merger is poised to have far-reaching implications for the construction and roofing industries, promising to set new benchmarks for innovation and diversification. The partnership aims to tackle industry challenges with a renewed focus on sustainability and efficiency, thereby offering significant benefits to both shareholders and customers.
Curated from NewMediaWire
