About GRIT International
GRIT International has been structured as an investment and management company specializing in industrial resources. Interests include precious metals and energy, utilities and engineering and technology. Reminiscent of the incubator companies in past years, GRIT will provide capital, expertise and management assistance to companies and projects that warrant increased and specific investment and an umbrella of management services. Companies and projects will be acquired as subsidiaries, funded and groomed into production or operations. By focusing on a company’s core business, GRIT International helps grow its subsidiaries and partners to new levels of performance and success. Other acquisitions will be made of existing and profitable companies which compliment the GRIT roster of partners and its goals.
GRIT History
1995 - 2005
Pre-planning of a suitable company that would fit the statistical qualities of a blue-chip company
2005 - 2006
- Suitable Private Corporation (Groves Sandblasting Ltd).
- Adequate balance of asset value; with the benefits of service net profits. On-Site and Off-site applications of services, flexibility in generating revenue Vertical growth compatibility organic and M&A
2007
- Spring – Acquisition of a US Shell Corporation
- First Attempted Acquisition – Due Diligence issues
- Second Acquisition
- Fall – Frankfurt Listing
- (Credit – Market Uncertainty)
- Management Decision to forfeit deposit on Second Acquisition
2008 - 2009
- Weathered the Credit Meltdown
- Share Acquisition on Three (3) Companies
- ENS Contract Services Ltd, Aaims Superior Storage Ltd, PCL Ventures Ltd;
2010
- First Quarter
Institutional Financing Support Arranged
- Second Quarter
LOI’s on Five (5) targeted acquisitions: Institutional Financing prepared intent to fund 17.0M towards the projects. Further Due Diligence was required.
Focus on growth oriented companies – Aaims Superior Storage Ltd, PCL Ventures Ltd;, were discharged from their arranged agreements. Announcement of the acquisition of Investment & Industrial Management Company, where structuring falls into place the following quarter
- Third Quarter
Enhanced our Equity Line of Credit additional 5.0 € Million Equity Line of Credit – with LeadDog Capital LLC
Two (2) targeted acquisitions; remain pending, one (1) acquisition Groves Sandblasting Ltd becomes wholly owned sub of GRIT International Inc.
Established legal divisions for GRIT International Inc; GRIT Minerals Inc,; GRIT Petroleum Inc, GRIT Utilities Inc, GRIT Dynamics Inc, all wholly owned subs of GRIT International Inc
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