Colorado Companies to Watch spotlight: Versi-Panel Enclosures
Snapshot: Based in Colorado Springs, Versi-Panel Enclosures is a manufacturer that focuses on two key product lines: SnapCrate, a reusable crating system, and Compassion Shelters, which provide disaster-relief solutions for animals and people.
Leadership: Kevin Kvols has been president since the company’s founding in 1986.
Work force: Versi-Panel Enclosures ended 2011 with 39 employees and expects to maintain that number this year.
Pivotal moment: The loss of a pet-industry customer that represented 40 percent of the company’s business forced it to diversify. Thus, Versi-Panel Enclosures was born, featuring the SnapCrate, a green solution to the crating industry.
Growth curve: Versi-Panel Enclosure’s revenues jumped 133 percent last year and are projected to grow another 20 percent in 2012.
Innovation: The SnapCrate system uses a unique clip and rabbit function to secure reusable, green crates. Multiple patents are pending for the design and for the insert that protects the slots from deterioration seen in competitive products. Compassion Shelters elaborate on the SnapCrate design and incorporate composite materials to create a structurally sound building system. These buildings can be erected in a short time using no tools and can be disassembled and reused repeatedly. The units are weather-tight and can withstand winds of 125 mph and snow loads of 85 pounds per square foot. Multiple patents are pending.