Insights

Strategic Acquisitions Innovance has recently expanded through acquiring Filtration Solutions Ltd. and Jorgensen Conveyors, signaling a growth trajectory and potential cross-sell opportunities across its four wholly-owned operating companies in metalworking, filtration, and conveyor systems.

Employee Ownership As a 100% ESOP-owned holding company, Innovance presents a compelling value proposition for customers seeking stable, long-term partnerships and consistent quality across its integrated family of brands.

Mid-market Focus Current revenue is in the $10M–$25M range with a lean employee base (11–50), suggesting opportunities to upsell advanced manufacturing solutions, aftercare services, and scalable equipment upgrades to mid-market manufacturers.

Digital & Cloud Adoption Tech stack includes AWS, WordPress, Google Ads, Sage and QuickBooks, indicating readiness for data-driven sales enablement, enhanced CRM integration, and digital marketing campaigns to reach metalworking and industrial buyers.

Industry Positioning Competitors listed are large globals; Innovance’s family-assembly approach and suite of manufacturing capabilities positions it to pursue value-based solutions in custom conveyor systems, filtration, and finishing, appealing to customers seeking integrated, turnkey equipment and services.

Similar companies to Innovance Inc.

Innovance Inc. Tech Stack

Innovance Inc. uses 8 technology products and services including QuickBooks, Google Ads, Amazon Web Services, and more. Explore Innovance Inc.'s tech stack below.

Innovance Inc.'s Email Address Formats

Innovance Inc. uses at least 2 email formats:
Innovance Inc. Email FormatsExamplePercentage
FLast@innovance.comJDoe@innovance.com
96%
LastFirst@innovance.comDoeJohn@innovance.com
4%

Frequently Asked Questions

What is Innovance Inc.'s phone number?

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You can contact Innovance Inc.'s main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is Innovance Inc.'s official website and social media links?

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Innovance Inc.'s official website is innovance.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does Innovance Inc. generate?

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As of November 2026, Innovance Inc.'s annual revenue is estimated to be $10M - $25M.

What is Innovance Inc.'s SIC code and NAICS code?

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Innovance Inc.'s SIC code is 3599 - Industrial and Commercial Machinery and Equipment, Not Elsewhere Classified and NAICS code is 3332 - Industrial Machinery Manufacturing.

How many employees does Innovance Inc. have currently?

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As of November 2026, Innovance Inc. has approximately 31 employees across 2 continents, including North America and Asia. Key team members include Plant Manager: G. B., Human Resources Manager Recruiting Manufacturing Hiring Talent Management: R. P. and Erp Selection & Implementation Consultant: E. F. Explore Innovance Inc.'s employee directory with LeadIQ.

What industry does Innovance Inc. belong to?

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Innovance Inc. operates in the Industrial Machinery Manufacturing industry.

What technology does Innovance Inc. use?

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Innovance Inc.'s tech stack includes QuickBooks, Google Ads, Amazon Web Services, Sucuri, WordPress, Amazon Simple Email Service, Microsoft 365 and Sage.

What is Innovance Inc.'s email format?

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Innovance Inc.'s email format typically follows the pattern of FLast@innovance.com. Find more Innovance Inc. email formats with LeadIQ.

How much funding has Innovance Inc. raised to date?

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As of November 2026, Innovance Inc. has raised $183M in funding. The last funding round occurred on Feb 25, 2002 for $88M.

When was Innovance Inc. founded?

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Innovance Inc. was founded in 2004.
Innovance Inc. logo

Innovance Inc.

Industrial Machinery ManufacturingMinnesota, United States11-50 Employees

Innovance Inc. operates as a holding company for four 100% employee-owned manufacturing firms—ALMCO, Lou-Rich, Panels Plus, and Mass Finishing. Together, these companies offer a range of industrial manufacturing capabilities, enabling the group to provide integrated solutions for various customer needs. The company is based in Albert Lea, Minnesota, and is committed to growing the value of its employee-owned structure while maintaining ties to its communities.

In 2024, Innovance expanded its portfolio with the acquisitions of Filtration Solutions Ltd. and Jorgensen Conveyors, Inc.; Jorgensen Conveyors is a Mequon-based manufacturer of custom-designed conveyor equipment for the metalworking industry. These moves broaden the group’s capabilities within the industrial machinery sector and reflect a strategy to deliver broader solutions to its customers.

Section iconCompany Overview

Phone number
SIC Code
3599 - Industrial and Commercial Machinery and Equipment, Not Elsewhere Classified
NAICS Code
3332 - Industrial Machinery Manufacturing
Founded
2004
Employees
11-50

Section iconFunding & Financials

  • $183M

    Innovance Inc. has raised a total of $183M of funding over 3 rounds. Their latest funding round was raised on Feb 25, 2002 in the amount of $88M as a Series B.

  • $10M - $25M

    Innovance Inc.'s revenue is estimated to be in the range of $10M - $25M

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