Improving performance and growing for the future
As your CEO, my job is to help build a foundation that provides the profit we need to grow our company for the next 50 years—a foundation not only for distributions, but for multigenerational prosperity that ensures the well-being of our Shareholders and Descendants. From a business perspective, this means divesting from low-performing companies and investing in businesses with double-digit profit margins, robust backlogs and strong growth rates.
As such, we are actively pursuing merger and acquisition targets that will bolster CIRI’s foundation. Our current efforts are focused on conducting thorough due diligence on select, high-potential acquisitions. Keeping our Shareholders and Descendants abreast of our business decisions is a priority; as decisions are made and contracts are signed, we will keep you updated on any developments.
While new additions to the CIRI portfolio are a key component of our long-term success, our business strategy also demands we optimize current CIRI investments. I’m happy to report that CIRI’s largest subsidiary, the North Wind Group (NWG), has made important strides in 2024 to optimize performance through a corporate reorganization. I’m excited about the team NWG President and CEO Rich Driggs is building. Together, CIRI and NWG will continue to look for opportunities to grow NWG’s client portfolio and profitability, particularly in the federal-contracting arena.
As we enter the fourth and final quarter of the year (Oct. 1–Dec. 31), we will focus on wrapping up our 2024 goals, preparing for our yearly audit, and strategizing 2025 and beyond. CIRI is moving forward through new acquisitions and growth in existing business lines; we are focused on improving the performance of our current investments and acquiring high-performing companies. I look forward to sharing more with you in the months ahead!
Best regards,
Swami Iyer
CIRI CEO
