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T H E M A G A Z I N E F O R L E A D I N G B U S I N E S S E X E C U T I V E S
www.usbusinessexecutive.com
First in grain marketing,
service and supplies in
northwest Iowa
First Cooperative
Association
The heart
of central Iowa’s
grain growers
Heartland
Co-op
Providing innovative
solutions for the energy
needs of the future
Broadwind
Energy Inc.
Christensen Farms
and Feedlots Inc.
Linking the farm to food chain with
premium pork products for 40 years
Winter 2015 Edition I
105
Broadwind Energy Inc. (Broadwind) is a publicly
traded company (NASDAQ:BWEN), supplying the
energy industry for over a decade. The business is
the culmination of several acquisitions and mergers
over years past and today employs nearly 900 people.
Today, those combined resources allow Broadwind
to provide innovative and comprehensive solutions
for a wide range of markets, including oil, gas,
mining, renewable energy and a number of industrial
applications.
Peter Duprey, president and CEO of Broadwind,
has been involved in renewable energy for over a
decade. His experience includes several years as head
of business development for GE Energy’s renewable
energy program. Duprey led the well-known
corporation into wind and solar power, building
valuable skills, experience and relationships during
his time there. Duprey also served as CEO of Acconia
Energy North America until 2010 when he took on a
leadership position at Broadwind.
Today, Broadwind is a leading supplier for several
sectors of the energy industry. “We are manufacturers,
fabricators and service providers for the power and
energy market,” Duprey summarizes. “A few years
ago, we started diversifying into other markets, such
as oil and gas and mining. With our experience in
fabricating large industrial components, these new
markets were a natural extension of our business.
Given our 90 years of experience in precision gearing,
our services team tends to focus on wind turbine
drivetrains. ”
Wind
Broadwind offers a range of services in the wind
energy market. Since 2003, the business has been
constructing steel towers for wind turbines. With
fabrication experience spanning three decades, the
crew has designed and constructed towers for all
the major wind turbine manufacturers. In total,
the business’ portfolio includes the construction of
thousands of towers throughout the country.
Broadwind offers end-of-warranty inspections for
customers, ensuring that turbines function properly.
If issues come up in the inspection, the crew is
prepared to repair and service turbines through
a range of specialty services. The team also has
extensive experience in blade inspections, repair and
enhancements to improve energy capture.
Customers have come to rely on Broadwind to help
with more complex maintenance and repair services
around the drivetrain, blades and other major
components.
Broadwind Energy Inc.
Providing innovative solutions for the
energy needs of the future
Produced by Caitlin Mugford & Written by Jeanee Dudley
106 |106 |USBusinessExecutive Winter 2015 Edition I
ENERGY & POWER
Other markets
In the mining, oil and gas and industrial markets, the
Broadwind team offers diverse fabrication, gearing
and repair services. One of the crew’s higher growth
segments is in industrial welding.
In addition to wind towers, Broadwind’s skilled team
of experienced welders fabricates mining buckets,
equipment chassis and pressure tanks. With the
resurgence of manufacturing in the U.S., these types
of components are in greater demand.
As a result of Broadwind’s experience in wind towers,
the crew won the opportunity to build North America’s
tallest flagpole – over 400 feet tall – for a customer in
eastern Wisconsin. The company has shown that it is
very versatile in the types of products it can fabricate.
On the gearing side of the business, Broadwind
produces complex loose gearing and completed
gearboxes. Most of the gearing is 36 inches, or larger,
in diameter. The company manufactures gearing
for mud and frack pumps, gearboxes used in steel
manufacturing, gearing used in off highway wheel
housings and replacement gearing used in wind
turbines. The company recently produced a gearbox
for a test lab that measured 8 feet tall and 6 feet wide.
The gearing business also provides heat treating and
finishing services to strengthen the steel once the gear
is cut and has a full-service metallurgical lab with
in-house non-destructive inspection. These testing
capabilities include: ultrasonic testing, magnetic
particle and nital etch inspection, hardness testing,
Barkhausen Noise Analysis and destructive testing
and evaluation services.
For mining applications, the crew can also perform
destructive testing and evaluation services. This full
range of evaluation capabilities allows Broadwind to
work closely with customers and collaborate on the
gearbox design.
Recent projects
Broadwind’s industrial welding business segment
is growing fast. “We have a focus on a few key
markets,” says Joe Reisinger, vice president of
product development. “We have established a solid
presence in the mining industry, building sub-
components across a number of product lines for a
leading original equipment manufacturer [OEM] of
mining equipment for the past few years.”
107
224 North Desplaines, Suite 401, Chicago, IL 60661 | 866-692-1979 | www.engagementhealth.com
Your success relies on healthy employees. Our success is in helping them stay
that way. EngagementHealth is a national company providing comprehensive,
incentive-based corporate wellness programs designed by a team of passionate
clinicians, business leaders, and technology experts. Our turnkey programs
deliver 80% participation, an industry-leading rate, which drives the healthy
behaviors necessary to produce long-term results. We also offer innovative
funding models that can meet any wellness program budget constraints,
allowing clients to achieve measurable returns in the very first year. Building a
culture of good health can improve the well-being of your workplace. Let us
help. Call or visit our website to learn more.
108 |108 |USBusinessExecutive Winter 2015 Edition I
ENERGY & POWER
Recent work at the company’s
Wisconsin and Texas facilities
includes producing components
for drill hole rigs, large dipper
buckets and engine skeletons
associated with rope shovel
equipment. These are large
steel structures that lend to the
company’s breadth of fabrication
capabilities.
In the oil and gas industry, the
crew has undertaken a strategic
initiative to attract new customers
by developing the capability to
produce pressure vessels. “These
vessels are used primarily in
the production of oil and gas,”
Reisinger elaborates. “There are
a number of pieces of equipment
used once a well is in place
producing natural gas or crude
out of the ground. We are actively
working with companies that need
these components and acting as
the fabricator for those products.
One piece we are specifically
involved in fabricating is a three-
phase separator. As the commodity
comes out of the ground, there are
always constituents mixed into
it, often water, sand and other
contaminants. This separation
equipmentpullsthosecomponents
apart.”
The company recently signed a
partnership agreement with Italian
technology company SAFE S.p.A.,
which has a global presence with
gas compression equipment and
an emphasis on fueling systems
for natural gas vehicles and high
horsepower compression packages
for the oil and gas industry.
“This is an area that is new to the
company,” Reisinger says. “We are
bringing in new capabilities now
through this venture where our
partner designs the compression
system and provides a compressor
and then we build the entire
package and test the final product.”
This is a major step forward for
the company and Reisinger says he
and his team are proud to be able
to deliver complete engineered
solutions through this partnership.
In the company’s gearing division,
Broadwind is again working with
leading OEMs, in the oil and gas
industry. Many of Broadwind’s
contributions can be categorized
as exploration or production
products. The team has been
producing gearing elements for
pressure pumping and draw-works
equipment over the last few years.
“In this industry there is a trend
of rig modernization right now,”
Reisinger notes. “As rigs get
rebuilt, companies are deploying
more advanced designs. We have
been able to participate in this
trend through the application of
our gearing elements.”
While Reisinger notes that the
steel industry is a more mature
industry, aging infrastructure has
In an economy of changing wind
directions we support our clients to
boldly move forward:
CHICAGO – NEW YORK – LOS ANGELES – WASHINGTON DC – MIAMI – DETROIT
SAGINLLC.COM +1.312.281.0290
• Management Consulting
• Operations
• Risk & Compliance
• Internal Audit
• Executive Search
• IT support
109
Broadwind Energy’s
Culture of Wellness
EngagementHealth LLC is proud to be entering our
second year as the wellness provider for Broadwind
Energy.
Like most companies, Broadwind was faced with
quite a challenge when it came to creating a healthier
workplace. With a large population of tobacco users,
the company made a commitment to wellness by
implementing the EngagementHealth Tobacco
Cessation Program.
Before the program began a tobacco testing initiative
was put in place. Those employees not passing as
tobacco-free by January 1, 2014 were required to pay a
$25 per pay period surcharge, avoidable by signing up
for the program.
Broadwind helped build a culture of better health by
cutting down the number of ‘designated smoking areas’
and launching a “Recruit a Buddy” challenge, designed
to encourage employees to support one another in their
efforts to stop smoking.
To date, 64 percent of the people who signed up for the
pilot program have completed it. Of those, 58 percent
have remained tobacco-free for at least three months.
We look forward to continuing the wellness journey
with Broadwind employees in 2015.
About EngagementHealth LLC:
EngagementHealth was founded in 2007 by a team
of passionate healthcare clinicians, business leaders,
technology experts and benefits specialists who set
out to reinvent wellness by establishing a disease
prevention and health promotion program that actually
improves health and lowers costs.
Most wellness programs are a disappointment
to employers due to low employee participation
and a lack of verifiable outcome data on claims
savings and improved biometrics. In comparison,
EngagementHealth’s year-long comprehensive program
delivers 80% participation, an industry-leading rate
which drives the healthy behaviors necessary to
produce long-term results. With multiple program
options designed to involve the entire population,
improving your employees’ health couldn’t be simpler.
We congratulate on their past achievements and are
proud to partner with them in this dynamic industry. SAGIN, LLC is a
firm which helps our clients grow, change and deliver measurable
results. Having expertise in the energy industry supply chain, working
with clients in the manufacturing of components, construction,
operations and utility distribution; we work with our clients to bring the
right resources, enabling them to achieve their goals.
For more information, visit:
Broadwind Energy
saginllc.com or +1.312.281.0290
ASSURANCEAGENCY.COM
John Storto | jstorto@assuranceagency.com | 847.463.7349
Business Insurance | Employee Benefits | Financial Services
Broadwind Energy.
Minimizing risk and
maximizing health for
ilfx

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US Business Executive magazine - Broadwind Energy Inc.

  • 1. T H E M A G A Z I N E F O R L E A D I N G B U S I N E S S E X E C U T I V E S www.usbusinessexecutive.com First in grain marketing, service and supplies in northwest Iowa First Cooperative Association The heart of central Iowa’s grain growers Heartland Co-op Providing innovative solutions for the energy needs of the future Broadwind Energy Inc. Christensen Farms and Feedlots Inc. Linking the farm to food chain with premium pork products for 40 years Winter 2015 Edition I
  • 2. 105 Broadwind Energy Inc. (Broadwind) is a publicly traded company (NASDAQ:BWEN), supplying the energy industry for over a decade. The business is the culmination of several acquisitions and mergers over years past and today employs nearly 900 people. Today, those combined resources allow Broadwind to provide innovative and comprehensive solutions for a wide range of markets, including oil, gas, mining, renewable energy and a number of industrial applications. Peter Duprey, president and CEO of Broadwind, has been involved in renewable energy for over a decade. His experience includes several years as head of business development for GE Energy’s renewable energy program. Duprey led the well-known corporation into wind and solar power, building valuable skills, experience and relationships during his time there. Duprey also served as CEO of Acconia Energy North America until 2010 when he took on a leadership position at Broadwind. Today, Broadwind is a leading supplier for several sectors of the energy industry. “We are manufacturers, fabricators and service providers for the power and energy market,” Duprey summarizes. “A few years ago, we started diversifying into other markets, such as oil and gas and mining. With our experience in fabricating large industrial components, these new markets were a natural extension of our business. Given our 90 years of experience in precision gearing, our services team tends to focus on wind turbine drivetrains. ” Wind Broadwind offers a range of services in the wind energy market. Since 2003, the business has been constructing steel towers for wind turbines. With fabrication experience spanning three decades, the crew has designed and constructed towers for all the major wind turbine manufacturers. In total, the business’ portfolio includes the construction of thousands of towers throughout the country. Broadwind offers end-of-warranty inspections for customers, ensuring that turbines function properly. If issues come up in the inspection, the crew is prepared to repair and service turbines through a range of specialty services. The team also has extensive experience in blade inspections, repair and enhancements to improve energy capture. Customers have come to rely on Broadwind to help with more complex maintenance and repair services around the drivetrain, blades and other major components. Broadwind Energy Inc. Providing innovative solutions for the energy needs of the future Produced by Caitlin Mugford & Written by Jeanee Dudley
  • 3. 106 |106 |USBusinessExecutive Winter 2015 Edition I ENERGY & POWER Other markets In the mining, oil and gas and industrial markets, the Broadwind team offers diverse fabrication, gearing and repair services. One of the crew’s higher growth segments is in industrial welding. In addition to wind towers, Broadwind’s skilled team of experienced welders fabricates mining buckets, equipment chassis and pressure tanks. With the resurgence of manufacturing in the U.S., these types of components are in greater demand. As a result of Broadwind’s experience in wind towers, the crew won the opportunity to build North America’s tallest flagpole – over 400 feet tall – for a customer in eastern Wisconsin. The company has shown that it is very versatile in the types of products it can fabricate. On the gearing side of the business, Broadwind produces complex loose gearing and completed gearboxes. Most of the gearing is 36 inches, or larger, in diameter. The company manufactures gearing for mud and frack pumps, gearboxes used in steel manufacturing, gearing used in off highway wheel housings and replacement gearing used in wind turbines. The company recently produced a gearbox for a test lab that measured 8 feet tall and 6 feet wide. The gearing business also provides heat treating and finishing services to strengthen the steel once the gear is cut and has a full-service metallurgical lab with in-house non-destructive inspection. These testing capabilities include: ultrasonic testing, magnetic particle and nital etch inspection, hardness testing, Barkhausen Noise Analysis and destructive testing and evaluation services. For mining applications, the crew can also perform destructive testing and evaluation services. This full range of evaluation capabilities allows Broadwind to work closely with customers and collaborate on the gearbox design. Recent projects Broadwind’s industrial welding business segment is growing fast. “We have a focus on a few key markets,” says Joe Reisinger, vice president of product development. “We have established a solid presence in the mining industry, building sub- components across a number of product lines for a leading original equipment manufacturer [OEM] of mining equipment for the past few years.”
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  • 5. 108 |108 |USBusinessExecutive Winter 2015 Edition I ENERGY & POWER Recent work at the company’s Wisconsin and Texas facilities includes producing components for drill hole rigs, large dipper buckets and engine skeletons associated with rope shovel equipment. These are large steel structures that lend to the company’s breadth of fabrication capabilities. In the oil and gas industry, the crew has undertaken a strategic initiative to attract new customers by developing the capability to produce pressure vessels. “These vessels are used primarily in the production of oil and gas,” Reisinger elaborates. “There are a number of pieces of equipment used once a well is in place producing natural gas or crude out of the ground. We are actively working with companies that need these components and acting as the fabricator for those products. One piece we are specifically involved in fabricating is a three- phase separator. As the commodity comes out of the ground, there are always constituents mixed into it, often water, sand and other contaminants. This separation equipmentpullsthosecomponents apart.” The company recently signed a partnership agreement with Italian technology company SAFE S.p.A., which has a global presence with gas compression equipment and an emphasis on fueling systems for natural gas vehicles and high horsepower compression packages for the oil and gas industry. “This is an area that is new to the company,” Reisinger says. “We are bringing in new capabilities now through this venture where our partner designs the compression system and provides a compressor and then we build the entire package and test the final product.” This is a major step forward for the company and Reisinger says he and his team are proud to be able to deliver complete engineered solutions through this partnership. In the company’s gearing division, Broadwind is again working with leading OEMs, in the oil and gas industry. Many of Broadwind’s contributions can be categorized as exploration or production products. The team has been producing gearing elements for pressure pumping and draw-works equipment over the last few years. “In this industry there is a trend of rig modernization right now,” Reisinger notes. “As rigs get rebuilt, companies are deploying more advanced designs. We have been able to participate in this trend through the application of our gearing elements.” While Reisinger notes that the steel industry is a more mature industry, aging infrastructure has In an economy of changing wind directions we support our clients to boldly move forward: CHICAGO – NEW YORK – LOS ANGELES – WASHINGTON DC – MIAMI – DETROIT SAGINLLC.COM +1.312.281.0290 • Management Consulting • Operations • Risk & Compliance • Internal Audit • Executive Search • IT support
  • 6. 109 Broadwind Energy’s Culture of Wellness EngagementHealth LLC is proud to be entering our second year as the wellness provider for Broadwind Energy. Like most companies, Broadwind was faced with quite a challenge when it came to creating a healthier workplace. With a large population of tobacco users, the company made a commitment to wellness by implementing the EngagementHealth Tobacco Cessation Program. Before the program began a tobacco testing initiative was put in place. Those employees not passing as tobacco-free by January 1, 2014 were required to pay a $25 per pay period surcharge, avoidable by signing up for the program. Broadwind helped build a culture of better health by cutting down the number of ‘designated smoking areas’ and launching a “Recruit a Buddy” challenge, designed to encourage employees to support one another in their efforts to stop smoking. To date, 64 percent of the people who signed up for the pilot program have completed it. Of those, 58 percent have remained tobacco-free for at least three months. We look forward to continuing the wellness journey with Broadwind employees in 2015. About EngagementHealth LLC: EngagementHealth was founded in 2007 by a team of passionate healthcare clinicians, business leaders, technology experts and benefits specialists who set out to reinvent wellness by establishing a disease prevention and health promotion program that actually improves health and lowers costs. Most wellness programs are a disappointment to employers due to low employee participation and a lack of verifiable outcome data on claims savings and improved biometrics. In comparison, EngagementHealth’s year-long comprehensive program delivers 80% participation, an industry-leading rate which drives the healthy behaviors necessary to produce long-term results. With multiple program options designed to involve the entire population, improving your employees’ health couldn’t be simpler. We congratulate on their past achievements and are proud to partner with them in this dynamic industry. SAGIN, LLC is a firm which helps our clients grow, change and deliver measurable results. Having expertise in the energy industry supply chain, working with clients in the manufacturing of components, construction, operations and utility distribution; we work with our clients to bring the right resources, enabling them to achieve their goals. For more information, visit: Broadwind Energy saginllc.com or +1.312.281.0290 ASSURANCEAGENCY.COM John Storto | jstorto@assuranceagency.com | 847.463.7349 Business Insurance | Employee Benefits | Financial Services Broadwind Energy. Minimizing risk and maximizing health for ilfx