ROCKLAND, Mass.--The McSheffrey family, owners of monitored fire extinguisher company MIJA, have reorganized their 36-year-old family business, splitting it into two companies.
The reorganization was complete and an undisclosed amount of capital, characterized by John McSheffrey as Ã¢â‚¬Å“several million dollars,Ã¢â‚¬Â was raised from angel investors by the end of September, Ã¢â‚¬Å“right before it all hit the fan [in the financial markets].Ã¢â‚¬Â
MIJA is now its own company, a manufacturer of pressure gauges. The new firm is en-Gauge, which manufactures the en-Gauge Remote Fire Extinguisher Management System, an approved, listed electronic monitoring device for fire extinguishers.
Ã¢â‚¬Å“We realized we had two different business models, with one company doing mass production of pressure gauges [that are OEMÃ¢â‚¬â„¢d], and the other - the intelligent addressable technology thatÃ¢â‚¬â„¢s sold through installers and integrators,Ã¢â‚¬Â McSheffrey said.
Jack McSheffrey is now CEO and president of MIJA (Ã¢â‚¬Å“also paternal figure and grandfather to my kidsÃ¢â‚¬Â), John McSheffrey explained. At en-Guage, Brendan McSheffrey is CEO, John McSheffrey is president and Jim Rose is director of operations.
Ã¢â‚¬Å“They are two separate companies owned by the same family,Ã¢â‚¬Â he said. The funds raised by en-Guage will be used to Ã¢â‚¬Å“grow the team, put feet on the street, market our government program, and for R&D.Ã¢â‚¬Â McSheffrey said en-Guage will explore new designs that could include Ã¢â‚¬Å“bringing power directly to the product [for non-wireless installations] and adding [different types] of sensors.Ã¢â‚¬Â