Kenneth Fletcher
WC Monitor
4/10/2015
NuVision Engineering Inc. last week took over ownership of the company from the U.K.-based investor group Vision Capital, qualifying it to compete for small business set-aside contracts, the company announced this week. The investor group, which acquired NuVision in 2006, exited the business April 1 in a long-anticipated round of liquidations of a portfolio of holdings. The company’s management now owns all of its stock. “We have been operating as a small company for many years but have not been able to recognize the benefits of being a ‘small business’ because of our private equity ownership structure,” NuVision Engineering President Van Walker said in a statement. “With this change, we are now able to qualify for the federal contracting benefits of being a small business. We believe those may be beneficial to our employees and shareholders while also helping our U.S. government customer to achieve its small business contracting objectives.” NuVision is currently working on projects addressing challenges at Hanford, Oak Ridge, Savannah River, Idaho and Sellafield.
