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How to Grow Integration Revenues 383%

Accent ESI boosts revenue from $3 million to $14.5 million in the midst of recession by honing business processes and diversifying into new geographic markets.


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Paul Caruso (left) and Dan Robbins of Accest ESI (Photography by Joseph Hilliard)

Four years ago, Accent ESI (Electronic Systems Integrators) stopped growing.

While the Bonita Springs, Fla.-based integration company was doing very well riding the wave of the Florida housing boom, its growth had stifled for reasons that had nothing to do with market conditions. Like many CE pros, Accent’s co-owners Rob Olson and Curt Rothenberg had overseen five years of solid growth specializing in the new home construction market since starting the company in 1999. They were a couple of guys whose expertise lay in designing and installing home electronics.

This business was relatively simple and housing was still booming. Accent ESI had grown to $3 million with up to 20 employees and the company was a fixture on the CE Pro 100.

But then the growth hit a plateau and they couldn’t figure out why.

“We had hit the wall with growth. We were flat-lining … just like a dieter who loses that first 30 pounds and can’t lose anymore,” recalls Rothenberg.

Accent ESI
  • Principals: Dan Robbins and Paul Caruso
  • Revenues: $14.5 million (2009); $2 million-plus (anticipated 2010)
  • Location: Bonita Springs, Fla., Pittsburgh, Pa., and Akron, Ohio
  • Web site: http://www.accentesi.com
  • Number of employees: 70
  • Specialty: Diversified company specialized on commercial and integrated residential systems, while using high-voltage electrical as a synergistic offering in the residential space
  • Top 5 Brands: Crestron, Lutron, Lenel (card access and CCTV), Siemens (fire and building automation), 3Com (data electronics)
  • FYI: Don't come to Pittsburgh or Florida!
The duo soon realized that in order to re-ignite growth, they needed professional help. So they did something very rare in the custom electronics industry … they actually hired an outside consultant to help them analyze their internal processes and business metrics.

That consultant is Dan Robbins, who evolved his role as a temporary consultant to the current president and CEO. In just four years and in the midst of the greatest recession since The Great Depression, Accent ESI grew to a $14.5 million company with 70 employees working in three states.

How?

In a nutshell, the growth is attributed to an astute analysis of internal business processes and diversification into other product niches and geographic niches. The added bonus to the move is that it gave both Olson and Rothenberg an exit strategy for themselves.

Revamping Internal Processes


Akin to Al Franken’s Stuart Smalley character on Saturday Night Live, conducting an internal analysis of your company starts with looking in the mirror and asking yourself some tough questions.

That’s exactly what Robbins -- whose background included running several privately held, growth-oriented companies offering products, services and turnkey solutions in the fields of electronics and communications since 1978 -- was tasked with doing.


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Article Topics

News · CE Profiles · Commercial · Electrical · Commercial · Business · Electrical · All topics

About the Author

Jason Knott, Editor, CE Pro
Jason has covered low-voltage electronics as an editor since 1990. He joined EH Publishing in 2000, and before that served as publisher and editor of Security Sales, a leading magazine for the security industry. He served as chairman of the Security Industry Association’s Education Committee from 2000-2004 and sat on the board of that association from 1998-2002. He is also a former board member of the Alarm Industry Research and Educational Foundation. He is currently a member of the CEDIA Education Action Team for Electronic Systems Business. Jason graduated from the University of Southern California.

3 Comments (displayed in order by date/time)

Posted by Tuck  on  10/08  at  04:52 PM

Interesting story and hats of too them! I hope they got a pretty penny for their assets as my take on the story appears they bailed to soon as future profits/value look promising, or they dont believe in the future value of the company. May just have been too good to pass up or it was a “must” of the new management.

Regardless, nice story. Im sure there is more behind the scenes.

Posted by Tuck  on  10/08  at  04:53 PM

Err, make that “hats off to them.”
smile

Posted by Dan Mulroy  on  01/05  at  07:50 PM

Hrm:

“Revenues: $14.5 million (2009); $2 million-plus (anticipated 2010)”

I hope that’s supposed to mean $20 million plus!

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