Two former IAC Acoustics employees have started a company that will do similar work.
Juan Breucop and Mike Rodriguez, who between them have nearly 50 years of experience at IAC and its predecessor company, GT Exhaust, have started Innovative Exhaust Solutions.
The Lincoln Airport Authority approved a lease agreement with the company Thursday for 14,000 square feet in a 24,000-square-foot building in the LNK Enterprise Park that used to be home to GT Exhaust and then IAC before the company moved into a brand new facility in 2014.
IAC Acoustics closed late last year, less than two years into a long-term lease with the Airport Authority, defaulting on more than $9 million in lease payments.
Rodriguez told the Airport Authority that he and Breucop, who both worked in sales at IAC, got the idea to start their own company after continuing to receive calls from customers after the company closed, which showed them there was a big enough market to go out on their own.
GT Exhaust, which was bought by IAC in 2012, made mufflers and emissions-control equipment for industrial machinery. IAC also made other sound-proofing equipment, including acoustic louvers, acoustic barriers, hearing testing booths, and doors and windows for recording studios.
Rodriguez and Breucop said they will make industrial emissions-control products similar to what was made at GT Exhaust.
Innovative Exhaust Solutions actually has been in business since March, selling products made by local contract manufacturers. The space in the LNK Enterprise Park will allow the company to have its own manufacturing facilities.
Rodriguez said the company will start with fewer than 10 employees but hopes to grow rapidly, with a plan to add one to two additional employees per month.
The company's lease gives it first crack at leasing the remaining 10,000 square feet in the building it is occupying.