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    Cerbco Inc.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 50,680 29.5
    Net Income 2,055 33.3
    Rank Last Year: 94

    Description:
    Cerbco is the holding company for Insituform East Inc. and Capitol Copy Products Inc. Insituform East has the regional franchise for a system of repairing sewers and other pipelines by stuffing plastic linings inside them. This saves cities money by allowing sewers and water pipes to be relined with minimal digging and pipe replacement.

    It's often dirty work. But it can be profitable. When it isn't, or when the income it generates is low, Cerbco makes up the difference with earnings from Capitol Copy, which sells, services and provides parts for copier and facsimile machines.

    Business Resume:
    • Contact Info --
      3421 Pennsy Dr.
      Landover, Md. 20785
      301-773-1784
    • Main Business --
      Diversified services
    • Founded --
      1987
    • Chairperson --
      George William Erikson
    • President --
      Robert W. Erikson
    • Employees --
      288
    • D.C.-Area Employees --
      200
    Developments:
    Cerbco spent much of last year wrapping up a legal battle that began in 1990. The fight pitted the company's board against brothers Robert and George Erikson, who have controlling interest in both Insituform and Capitol Copy.

    The Eriksons had attempted to sell their majority share of Cerbco without contacting the company's directors. The directors balked and took the Eriksons to court. A deal was struck, with both sides claiming victory. The case cost the company $2 million in legal fees. However, it appears that the outcome did little to hurt Cerbco's overall financial performance.

    Cerbco's annual net income rose 33 percent for the fiscal year ended June 30. Earnings rose to $2.1 million from $1.5 million the year before.

    Copyright 1997 The Washington Post

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