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UMC Announces Two New Shareholders

by Editor
February 20, 2023
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UMC Announces Two New Shareholders
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SEATTLE/MUKILTEO, WA — UMC is pleased to announce that Development Director Troy Turpin, CEM, and Manufacturing Director Ryan Hoggatt have been named shareholders of the firm. Both Turpin and Hoggatt have been with the firm for many years and play critical roles in the current operations and future growth of UMC.

Turpin has more than 23 years of experience working in mechanical design and construction for the building industry with various roles in energy consulting, project management, and business development. As a certified energy manager (CEM), he has been responsible for development and concept planning of large-scale projects with sustainability goals or requirements. Currently, Turpin is UMC’s director of development responsible for leading the project executive and business development teams, as well as overseeing the preconstruction team. He continues to support both external and internal clients.

“I couldn’t be more thrilled to become a shareholder at UMC,” said Turpin. “The business has made great strides since 2008 when I officially became a part of the UMC family. During that time, we have seen the strategic parts of the business grow in an ever-changing marketplace. We truly have the best employees and clients. I’m excited to make my contributions to the business as a shareholder, by helping to ensure that we continue to grow the business strategically and continue to offer a great place to work for our employees and offer the best solutions to our many great clients.” 

Hoggatt has been with UMC since 2008. He is the director of UMC’s manufacturing division that consists of a system of standardized, streamlined processes that eliminate waste, improve productivity, increase efficiency, and ensure quality and safety. Using cutting-edge technology, Hoggatt is responsible for corporate manufacturing and virtual construction strategy, standards, and operation, as well as construction technology adoption and implementation. He has developed the company’s robust prefabrication business that supports modular construction and drives efficiencies throughout the construction delivery process.

“Although much has changed since I joined UMC in 2008, the one constant has always been our amazing employees and tremendous clients,” said Hoggatt. “I hope to contribute to the legacy of previous generations at UMC by maintaining our longstanding culture and traditions while continuing to pursue innovation that will ensure our competitiveness in the marketplace for the foreseeable future. It’s an honor to become a shareholder at UMC and I am committed to our promise to provide a best-in-class workplace for our employees and experience for our clients.”

“We couldn’t be more excited to welcome Ryan and Troy to the ownership team at UMC,” said Steve Brooks, president. “With a passion for building and devotion to our clients, their dedication will help to ensure the company’s growth and prosperity. They both bring strong creative ideas on how to make UMC a better place to work and a better partner for our clients. The success of our business relies on new ideas and perspectives. Continuing to grow our ownership group helps us stay competitive and creative in our approach to the market.”

For more information visit www.umci.com. 

Read More
Today, Universal Media Corporation (UMC) announced two new shareholders in a press release. The shareholders are New Star Capital, LLC and Dawson National Capital, LLC.

New Star Capital, LLC, a private equity firm operating in the United States, is a new addition to UMC. This firm is known for backing companies that are disrupting the industry with innovative technology and efficient practices. Their investment will support UMC’s strategic growth in the media and telecommunications sectors. It will also enable the organization to continue leading trends, providing industry-leading quality services, and drive customer experience excellence.

The other shareholder, Dawson National Capital, LLC, is a top-tier venture capital company. Their partners specialize in investment opportunities in the high-tech, digital media space. As a lead investor in UMC, they plan to leverage their extensive networks and expertise to help the organization continue to create world-class media products and services.

UMC CEO, Steve Stone, said, “We’re thrilled to welcome New Star Capital and Dawson National Capital into the UMC family. Both of these firms bring a wealth of experience and insights to the table. With their guidance, operational efficiencies and strategic investments, UMC will strive to continue as a premier media, content, and distribution enterprise. We’re looking forward to the success that we can bring forward with their contributions.”

The new shareholders will provide stability and strength to UMC, allowing the company to continue its focus on innovation, content production, and creating a better customer service experience. UMC is confident that partnering with these two firms will help in its mission of becoming an industry leader.

-End-

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