BOSTON (CBS) – A 30-year-old Billerica precision manufacturer will be staying put. Its senior leadership led a leveraged buyout of the company, saving local jobs.
MRSI Systems was about to be sold last year and that set off alarm bells for company President Michael Chalsen and others.
“Our core group has been working together for 25 years,” he says. “Why risk another company coming in, potentially disrupting operations or even outsourcing to another country? I reached out to executives at the parent company, and they said they’d be willing to sell it to us (if we had a competitive offer).”
WBZ NewsRadio 1030’s Anthony Silva Reports