Sandy Scott always challenges herself to be better than she was the day before. As CEO of Sprint Industrial Holdings LLC, a provider of industrial equipment rentals used in the oil and gas industry, she expects the same from her company.
Over the past two years, Scott has worked to better the company by investing more growth capital, actively looking for strategic acquisitions and expanding the business organically. Along with her leadership team, she has strategically refinanced the company to allow additional investment of growth capital in 2012 as the company looks to grow across all business lines and create synergies amongst its current offerings.
These strategic acquisitions have been Scott’s primary focus and the reason for Sprint Industrial’s recent growth. When she first joined the company in 2009, it had a barcoding scanning system, TidalTrak, for tracking and providing the client with real-time data on assets they rented. This was a key differentiator for the company, however, the business could not offer a closed-loop system since it lacked the transportation of hazardous waste. Seeing this as a competitive advantage, Sprint Industrial acquired Bealine Service Co., a hazardous waste transportation company, in June 2011.
With the acquisition of Bealine, Sprint’s technology can now track a tank from the delivery to the plant, to the disposal site, to the cleaning facility and back to the yard. This real-time tracking system eliminates inefficiencies from lost tanks to wasted rental days and adds real money to the bottom line.
Scott and the company aren’t stopping there. Sprint Industrial is currently closing on a second major transaction, which will expand its fleet of stainless tanker trailers by 750 and expand its reach to Alabama, Tennessee and Illinois, helping produce double-digit growth.
How to Reach: Sprint Industrial Holdings LLC, www.tidaltank.com, www.sprintsafety.com or www.bealineservice.com