POWER UP: A creative family builds a military contractor in Murphy.
Author | Barkin, Dan |
Position | GREENSHOOT: Revitalizing rural N.C. |
Murphy, a town of about 1,900 people situated 15 miles from Tennessee and half that to Georgia, is an unusual headquarters for a defense contracting firm. But Aegis Power Systems has built a substantial business during two generations of family ownership.
Aegis recently won a couple of Small Business Innovation Research grants from the Army, totaling $500,000. These were the first SBIRs won by a Cherokee County business, according to CEO Arlissa Vaughn.
Vaughns father, Bill Dockery, founded the company in 1995, but the story started when the Murphy native joined the Air Force at age 18. After eight years, he came back to attend UNC Charlotte and study electrical engineering. Then, he and his wife headed westand eventually settled in Colorado where Dockery became a manager at what became the Dish Network.
When Vaughns mother passed away in 1992, Dockery had to raise two girls. The family returned to Murphy. His original plan to commute to Atlanta, a couple of hours to the south, changed when Andover, Mass-based power electronics firm Vicor asked him to set up a partnership with a plant in any location that he preferred.
"He stayed right here in Murphy, North Carolina," his daughter says. Over the years, Aegis gained important industry recognition from prime contractors for the military, winning awards for a mobile testing platform used to provide repair support and a military satellite terminal contract.
When the 20-year agreement between Vicor and Dockery ended, he bought out the company's share in December 2015. Four months later, he fell ill and was unable to lead Aegis.
"Our family was in the position of, OK, what do we do ? We've got to figure out something about this business now," recalls Vaughn. "Previously, Vicor would have come in, we would have just sold to them, or something. But we had to make some tough decisions, and with the support of my husband, I went on to become the CEO and owner [in 2017.]"
It was a life-changing experience...
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