Type Defense Contractor Number of employees 605 (December 2016) Founders Don Holder, Bill Roark | Revenue $293 million (2016) Founded 2002 | |
Headquarters 4090 South Memorial Parkway, Huntsville, Alabama, United States Key people Bill Roark (CEO & Co-Founder)
Don Holder (Co-Founder)
John Watson (President)
Scott Parker (COO)
Sue Clark (CFO)
Joe Hill (CTO) Website www.torchtechnologies.com Profiles |
Torch technologies golf tournament 2016
Torch Technologies is an employee-owned system engineering, applied science, modeling & simulation and information technology small business headquartered in Huntsville, Alabama, United States. Its primary customers are the United States Army Aviation and Missile Command (AMCOM) and the Missile Defense Agency, although it has contracts with other DoD agencies including the Navy and the Air Force. Torch has over 600 employee-owners located primarily in Huntsville, AL; Colorado Springs, CO, Albuquerque, NM, and Eglin AFB, FL.
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Glass torch technologies
History
Torch Technologies was co-founded in 2002 in Huntsville, AL by Bill Roark and Don Holder. Roark and Holder respectively had 30 and 40 years of experience in Department of Defense research and development programs and other contracts. The company's location was chosen due to proximity to Redstone Arsenal, which serves as headquarters of several large Army organizations such as AMCOM and offices belonging to US Army Aviation. Upon the company's formation, the co-founders began to aggressively recruit a team of senior engineers, and set out to build a reputation for good service and competitive pricing. In 2005, Roark began to take steps that would allow Torch to become employee-owned (via an ESOP), and the company attained 100% employee ownership in 2010. Roark desired employee-ownership and profit sharing because such management styles have been proven to reduce employee attrition rates and increase job satisfaction. In 2008, Torch began bidding as a prime government contractor. With the receipt of four direct award prime task orders on AMCOM Express, the company won more contracts in two weeks in late 2008 than the previous six years of combined government work., In late 2016, Torch completed a $12 million renovation of the two existing buildings it owns in South Huntsville. Torch received economic incentives from the city of Huntsville, the Tennessee Valley Authority and the state of Alabama to keep its headquarters in South Huntsville as opposed to moving to Cummings Research Park in hopes of growing economic activity in the immediate area. Torch has recently (2014-2016) expanded business into several new markets including Aberdeen, MD, Bedford, MA, Honolulu and Kauai.