Worcester Business Journal

March 7, 2022

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wbjournal.com | March 7, 2022 | Worcester Business Journal 21 ey'd found a strong niche market and soon expanded to a site in the city, then to a larger site on Washington Street in Auburn. But it wasn't long before larger competitors encroached. "When you start losing customers and the commodity end of the products is going to your (larger) competitors, you get the sense that maybe it's time to rethink your strategy," Amar told WBJ in 2015. Finding a niche was still the philosophy, but the Kapurs shied the product line to metals and alloys. en Amar's contacts led him to a faltering aircra repair business. From the outside, it looked like a quite different business, but to Amar it was still a business built on combustion, a topic he knew well. at belief in each other was vital to the decision to make another pivot and in 2003 buy what is now known as Atech Turbine Components, said Ani. Today, the Kapurs' daughter Rita heads Atech, which does a brisk business in rebuilding and overhauling engines and parts for Connecticut aerospace manufacturer Pratt & Whitney. eir son Jay leads Aimtek. at business now specializes in metals, alloys and parts, largely for aviation and aerospace. And the business grew to include plasma spray equipment and powders aer the acquisition of Bay State Surface Technologies. Two other children are not involved in the family business. Over the years, satisfied customers grew as the companies worked trade shows, first across the country, then across the globe. International sales represent 35% of the business, Amar said with justifiable pride. Awards followed. e companies are two-time winners of the U.S. Small Business Administration's Massachusetts Subcontractor of the Year award, three-time winners of Pratt & Whitney's Minority-Business Enterprise Supplier of the Year award, a five-time Defense Supply Center Gold Medalist, and United Technologies' Supplier Gold medal winner 10 years in a row. Amar's involvement in the community also grew. He has served as vice chairman of Worcester's Zoning Board and as a board member of the Worcester Regional Chamber of Commerce. He's been president of the advisor council for the Federal Reserve Bank of Boston and chairman of WPI's Venture Forum. He's a founding life member of the India Society of Worcester. Peter Hurst, president of Greater New England Minority Supplier Development Council, has worked with Amar Kapur since taking over leadership of the organization in 2015. He describes Kapur, an early member of the council, as a mentor on the topic of minority purchasing and a shining example of what small business success looks like. Hurst recalls in 2017, when the now 262-member organization launched an initiative to have its larger members purchase more from smaller minority businesses, Amar Kapur was the first to volunteer. Amar has a lot of gravitas when he speaks, and his strong ethical compass is always on display, Hurst said. H A L L O F F A M E F O C U S ROCG is the business exit and value growth specialist. Our "end in mind" proprietary business roadmap helps owners take control over their destiny by planning their business proactively, implementing change, and building business value. Our team of experienced professionals has over two decades worth of proven experience advising small and medium-sized businesses. We offer customized solutions, not cookie cutter plans. As the industry leaders, we are always ready to share our knowledge with our clients. We Help Business Owners: • Re-energize their Business Model • Develop a Strategic Plan to Meet Long-Term Goals • Execute the Plan Successfully Call us at (617) 412-4640 or email to set up a no obligation consultation. 617-412-4640 • americas.rocg.com Numbers Only Tell Half the Story Whether you are looking to pivot, grow or exit your business, ROCG can help you transition from one phase to the next. ROCG - Shepherd & Goldstein Consulting Group, LLC Terry Shepherd Founding Partner Terence.Shepherd@rocg.com Matthew Allison Partner In Charge of S&G's Consulting Division Matt.Allison@rocg.com W

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