UL Acquires Iowa Testing Company

Privately held Springboard Engineering Inc. is based in Newton, Iowa, and was founded by former Maytag design engineers, according to both companies.

Underwriters Laboratories of Northbrook, Ill., announced May 24 that it has reached a definitive agreement to acquire the assets of Newton, Iowa-based Springboard Engineering, Inc. UL said the deal will expand its performance, ENERGY STAR®, and reliability testing and engineering advisory services. Privately held Springboard Engineering has eight owners and approximately 40 associates who include engineers, CAD specialists, and consumer scientists, according to the company's website. The company is based in Newton, Iowa, and was founded by Maytag design engineers.

"This acquisition will enable UL to strengthen and expand our capabilities to serve key customers in the HVAC, Appliances, and Components segments and give us a comprehensive suite of services to support global manufacturers," said Sajeev Jesudas, president of UL Verification Services. "Springboard Engineering's experience and capabilities will allow us to increase our safety and performance testing capacity and expand our offerings in key growth markets such as ENERGY STAR® and smart appliances."

"Springboard Engineering and UL share complementary offerings and we fully expect this will play a critical role in deepening our relationships with our combined customers," said Jordan Bruntz, the acquired company's president. "With our combined focus on safety, performance, energy testing, and engineering services, together we can play a key role in helping companies create safer and more energy efficient products."

Springboard Engineering will become part of UL's Verification Services business and will maintain its headquarters in Newton after the deal closes at the end of May, with Bruntz staying on as president. The two companies acted as their own financial advisor for the transaction, according to their news release.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • The Top 5 Safety and Technology Trends to Watch in 2019

    Get the latest on trends you can expect to hear more about in 2019, including continued growth of mobile safety applications, wearable technology, and smart PPE; autonomous vehicles; pending OSHA recordkeeping rulemaking; and increased adoption of international safety standard, ISO 45001.

  • Get the Ultimate Guide to OSHA Recordkeeping

    OSHA’s Form 300A posting deadline is February 1! Are you prepared? To help answer your key recordkeeping questions, IndustrySafe put together this guide with critical compliance information.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common training questions.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Industry Safe

OH&S Digital Edition

  • OHS Magazine Digital Edition - January 2019

    January 2019


      Production vs. Safety 
      Meeting the Requirements for Emergency Equipment
      The State of Contractor Safety
      The Three Keys to Effective Chemical Management
    View This Issue