Oak Ridge Today

MartinFed acquires Xcel Engineering

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MartinFed, based in Alabama, has acquired Xcel Engineering Incorporated, located in Commerce Park in Oak Ridge.

MartinFed, based in Alabama, has acquired Xcel Engineering Incorporated of Oak Ridge.

“The acquisition of Xcel Engineering is a strategic move for MartinFed as it continues to expand its presence in the federal marketplace,” a press release said.

MartinFed is based in Huntsville, Alabama. The company offers services to federal agencies and contractors in cybersecurity, information technology, training, contract vehicles, and engineering and technical solutions, according to its website.

Xcel Engineering, which is located in Commerce Park, provides information technology and engineering services. The services include IT staffing and solutions, environmental engineering, and project management and consulting, the press release said.

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Pro2Serve appoints new chief financial officer

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Mark Haub

Mark Haub

Professional Project Services Inc., also known as Pro2Serve, has appointed Mark A. Haub as the company’s new chief financial officer, or CFO.

Haub replaces Paul Martin, Pro2Serve’s CFO and treasurer since February 1999. Martin retired this month.

Haub is a certified public accountant who earned his master’s of business administration in marketing, management, and strategy, and finance from the Kellogg School of Management and his bachelor’s degree in accounting from Illinois State University.

He has more than 23 years of experience as a senior financial executive working in higher education, manufacturing, distribution, and retail in domestic and international markets, a press release said. Haub has negotiated terms to secure a multimillion dollar equity capital infusion to fund corporate growth initiatives, led the substantial improvement of product and services bids through implementing market-driven bid processes, played key roles in the development and execution of strategic business plans that substantially improved cash flow and new product gross margins, and provided financial and operational leadership in an entrepreneurial venture resulting in substantial revenue growth, the release said. [Read more…]