Management Controls announces change of control, increased investment

8/14/2017

HOUSTON -- Management Controls, Inc., a contractor services management (CSM) company for heavy process industries, has announced a change of control with founder Bob Harrell retiring and passing the company reins to long-time investor George Broady and his son, entrepreneur Vincent Broady.

Management Controls’ Track platform enables heavy process industries to control costs, automate contract compliance, and gain real-time visibility into contractor utilization and activity. Track is implemented at more than 225 sites worldwide, with key verticals including energy, metals and mining, chemicals, pulp and paper, and power generation, managing more than $50 billion in contractor spend on an annual basis.

MCi’s growth plans for Track include mobility solutions for contractor labor, materials and equipment in remote locations such as in upstream, pipelines and field operations, as well as enhanced analytics and reporting modules.

Software entrepreneur Vince Broady, the son of company board member and long-time investor, George Broady, will serve as CEO. The current COO, Ken Naughton, will be promoted to the role of president. Mike Wangsmo will continue as Chief Technology Officer.

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