News Hub | News Direct

Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
Article thumbnail News Release

National Land Realty Sells More Than $1.5 Billion in Land

National Land Realty

National Land Realty, the nation’s fastest growing real estate land brokerage company specializing in farm, ranch, country estates, timber, recreational, and commercial development properties, today announced that it hit more than $1.5 billion in sales in 2021. While total transactions and acres of land sold in the past year have increased 51.5 and 80.4 percent respectively, overall sales volume skyrocketed 131 percent. Meanwhile in the same timeframe, the company also added a new CMO and CTO, as well as dozens of new brokers nationwide. A total of 291,449.82 acres changed ownership through 2,201 transactions. Comparison Sales 2021 vs 2020 With 86 offices in 41 states, National Land Realty currently employs 360 active agents. In 2021, the company opened new offices in New York, New Jersey, Texas, Oklahoma, South Dakota, and Virginia. “Rediscovery of a safe haven asset” “More and more people are rediscovering the value of land as a safe haven asset in the current volatile economy. Land has offered a store of value since this country was settled and continues to be a safe haven for investors that no equity, bonds or even gold can compete with,” says Jason Burbage, President of National Land Realty. “In the past year, National Land Realty has grown at an extremely fast clip. We hired Mac Christian, our new CMO, who will make sure that our marketing function is up to the task of consolidating and expanding on our growth. Meanwhile, under the direction of our new CTO, Tyler Van Meeteren, we are continuing to invest in our land touring and mapping technology which makes our agents better equipped than any of their peers to guide clients through their purchasing journey. Combine all of that with our hiring of new agents and you have a company that is ready for more rapid growth in 2022,” said Jason Walter, CEO of National Land. As a reflection of the company's growth, National Land Realty recently recognized several agents who made it possible at its annual company conference, the National Land Summit. A few of those include: Clint Flowers, ALC (Gulf Coast Office) who received the Top Gun Award for being the company’s top producer with the highest total gross commissions. Austin Hill (Middle GA Office) who received the Rising Star Award, an award given to an individual who is newer to the company (within 10 years) and is on a path to success in sales, education, support, and core values. Beth McLellan (Kosciusko, MS Office) who received the Trailblazer Award for her positive influence on the lives of her team and helping them achieve the highest levels of success, not only in business, but in life. About National Land Realty National Land Realty (NLR) is the nation’s fastest growing real estate land brokerage company specializing in farm, ranch, country estates, timber, recreational, and commercial development properties. Highly regarded for its proprietary land touring technology, Land Tour 360 ®, as well as its GIS land mapping system, LandBase™, which catalogs land data in extremely detailed ways, the company makes it easy to view and zero in on the right property in the right place. Founded in Greenville, S.C. in 2007, NLR has more than 85 offices in 41 states. To learn more visit www.nationalland.com or call (855) 384-5263. Contact Details Ray Young +1 512-633-6855 ray@razorsharppr.com Company Website https://nationalland.com/

March 31, 2022 08:30 AM Eastern Daylight Time

Article thumbnail News Release

Bridgepoint Investment Banking Arranges Growth Capital Raise for Davidson Homes

Bridgepoint Investment Banking

Bridgepoint Investment Banking (“Bridgepoint”) acted as the sole financing arranger to Davidson Homes on their growth capital financing with Searchlight Capital. Davidson Homes (“Davidson” or the “Company”), a Huntsville, AL-based home builder serving markets throughout the southeastern U.S., has experienced impressive growth in recent years. The Company sought the assistance of Bridgepoint to secure growth capital to support their expansion efforts in both existing and new markets. Bridgepoint ran a comprehensive capital raising process, which was met with substantial interest from the market – both debt and preferred equity – and allowed Davidson to choose from a variety of financing structures and growth partners. Davidson ultimately selected Searchlight Capital due to their industry expertise and flexible financing structure. “Bridgepoint is pleased to have advised Davidson Homes in their partnership with Searchlight,” said Bridgepoint Managing Director Bryan Wallace. “Adam Davidson is a visionary and is building something special at Davidson Homes – he has assembled a team and an organization poised to do great things. We are happy to have found such an experienced partner for Davidson in Searchlight Capital, who will help Adam and the Davidson Homes team drive future growth.” Bridgepoint Director, Subhash Marineni, added, “We were pleased with the market reception to this opportunity – Davidson Homes is at an inflection point and ultimately had several options with various structures to achieve an optimal capital structure. We are glad to be part of the Company’s story as they embark on the next stage of growth.” “This capital will strengthen our balance sheet, open doors to superior senior debt, and allow us to be opportunistic in a bull or bear market. We look forward to the relationship with Searchlight,” added Davidson Homes CEO, Adam Davidson. About Bridgepoint Investment Banking Bridgepoint Investment Banking, a division of Bridgepoint Holdings NE, LLC, is a market-leading boutique investment bank. The Bridgepoint team, through their broker dealer relationship with M&A Securities Group, Inc., an unaffiliated entity, serves clients over their corporate lifecycles by providing capital raising and M&A advisory solutions. Bridgepoint serves clients globally across a range of focus sectors including construction, engineering and industrials. Learn more about Bridgepoint at www.bridgepointib.com. About Davidson Homes Founded in 2009, Davidson Homes is one of the country’s fastest growing home builders, offering home buyers throughout the southeastern U.S. quality construction and materials, superior value and an unprecedented level of personalization. Learn more about Davidson Homes at www.davidsonhomesllc.com. Contact Details Bridgepoint Investment Banking Bryan Wallace, Managing Director +1 402-817-7900 bwallace@bridgepointib.com Company Website https://bridgepointib.com/

March 31, 2022 07:00 AM Central Daylight Time

Article thumbnail News Release

PCMA Appoints Joe McKnight as COO, Head of Corporate Development, PCMA Capital Advisors

PCMA

PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announced the hiring of industry veteran Joe McKnight, COO, Head of Corporate Development at PCMA Capital Advisors. overseeing the firm’s compliance, operations, and risk management programs. McKnight joins the firm with over 16 years of experience in operational enterprise risk management, and corporate development initiatives. His primary responsibilities include helping develop and implement the firm’s strategic growth plan, executive oversight of enterprise growth initiatives, including new business expansion, mergers and acquisitions and business development. “Joe is a high-caliber executive with a proven track record and is a very talented leader,” said John Royce Lynch, CEO and Founder of PCMA Capital Advisors and PCMA Private Client Companies. “We are laser focused on closing the loop in providing liquidity to the private client community. Joe’s ability to clarify business needs, identify opportunities, processes, and tools that empower collaboration across our teams will play a critical role in supporting the future growth of our firm as a whole.” Joe has held leadership positions and built extensive financial industry insight, having broad expertise across the asset management, private equity, and investment management industries. Prior to joining PCMA Capital Advisors, Mr. McKnight served as Director of Legal, Executive Vice President at ECC Capital Corporation, a publicly traded REIT invested in RMBS. McKnight held management responsibility and oversight of ECC’s mortgage-back securitizations, and all regulatory compliance, licensing, litigation, and sub-servicing related to the portfolio of securitization assets. “I am excited to take the role of COO to focus on empowering the organization to even greater collaboration and innovation across every part of our business,” said Joe McKnight, COO and Head of Corporate Development at PCMA Capital Advisors. “Our ability to deliver innovative solutions and outstanding outcomes for clients is fueled by the talent, creativity, and intellectual rigor of our people and our uniquely collaborative culture.” Since 2015, Joe has served as Co-Chair for the Special Olympics’ annual gala the Heart of a Champion. He’s a current executive board member of Age Well Senior Services providing critical services, resources, and programs to seniors living in South Orange County. Joe attended Gonzaga School of Law receiving his Juris Doctorate in 2006, B.S. in Philosophy from California State University, Fullerton, and Harvard Business School Executive Education. About PCMA PCMA is a vertically integrated Asset Origination and Convexity Management firm that specializes in Structured, Super Prime, Non-Agency, Private Client Credit. With its captive origination unit, PCMA has become the leading Non-Bank Private Client Lender in the U.S. What began as a linear venture has morphed into a vertical organization and industry leading incubator of ideas pushing the boundaries of innovation in high-capacity financial services. PCMA offers qualified individuals and institutions bespoke lending and advisory services across all major credit, and residential asset classes. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.capital & www.pcma.us.com Forward-Looking Statements This release may contain “forward-looking statements,” which reflect the Company’s current views with respect to, among other things, its operations and financial performance. You can identify these statements by the use of words such as “outlook,” “anticipation”, “potential,” “continue,” “may,” “seek,” “approximately,” “predict,” “believe,” “expect,” “plan,” “intend,” “estimate”, “preparing” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would” and “could.” These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions which are difficult to predict. Therefore, current plans, anticipated actions, financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. The Company does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law. Contact Details Pcma Private Client Jason L Jepson +1 949-394-7033 jjepson74@gmail.com Company Website https://pcma.us.com

March 30, 2022 09:00 AM Eastern Daylight Time

Article thumbnail News Release

PCMA Appoints Anatoly Burman as President, Chief Investment Officer of PCMA Capital Advisors

PCMA

PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announces the appointment of industry veteran Anatoly Burman, as President, Chief Investment Officer at PCMA Capital Advisors, overseeing the execution of the firm’s overall investment strategy and the development of new financial products. Anatoly joins the firm with over 37 years of experience in managing investment portfolios for insurance companies and institutional investors. Under his leadership, Anatoly will oversee the firm’s structured products group and asset strategy team with the mandate of providing consistent liquidity to PCMA Private Client Lending and its subsidiary relationships in the pursuit of serving high-capacity estates and furthering its role as the leader in high net worth lending. “Anatoly’s credentials, reputation, and track record makes him an ideal fit for our big idea objectives and goals,” said John Royce Lynch, CEO and Founder of PCMA Capital Advisors and PCMA Private Client Companies. “Adding a talent like Anatoly to our already impressive management team to focus on transforming, maximizing, and building out our distinctive, proprietary assets, will ensure that we continue to define, and evolve into what is possible for our firm and our industry for decades to come.” His coveted career spans across many notable ventures ranging from the founding of the Structured Products Group at Aladdin Capital, managing $13bn of structured product assets, CDO’s, hedge funds, SMA, and ABCP conduit. Prior to joining PCMA Capital Advisors, Mr. Burman served in the capacity of Vice-President/Senior Portfolio Manager at SunAmerica/AIG Insurance company, managing over $40bn of investments in asset-backed, mortgage-backed securities and other structured assets, across life companies, total return portfolios, securities lending, and short duration portfolios. Additionally, Anatoly managed public, private placements, and 144A structured securities for New York Life and AMBAC. Anatoly previously ran the research department at Mabon Securities, and authored a weekly publication on market trends, prepayment analysis of MBS, analysis of ABS, and trading models of new structured products. “PCMA is undoubtedly leading the way in high net worth lending,” said Burman. “I am honored to join John and the rest of the team in furthering their vision for the future of finance and developing financial strategies that serve the needs of this coveted asset class. I look forward to working with our team and the investment community in the process of rethinking how assets and investors come together.” Anatoly received his BA in Economics and Computer Science from Rutgers University and his MBA from Fairfield University. He holds Series 24, 7 and 63 licenses. About PCMA PCMA is a vertically integrated Asset Origination and Convexity Management firm that specializes in Structured, Super Prime, Non-Agency, Private Client Credit. With its captive origination unit, PCMA has become the leading Non-Bank Private Client Lender in the U.S. What began as a linear venture has morphed into a vertical organization and industry leading incubator of ideas pushing the boundaries of innovation in high-capacity financial services. PCMA offers qualified individuals and institutions bespoke lending and advisory services across all major credit, and residential asset classes. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.capital & www.pcma.us.com Forward-Looking Statements This release may contain “forward-looking statements,” which reflect the Company’s current views with respect to, among other things, its operations and financial performance. You can identify these statements by the use of words such as “outlook,” “anticipation”, “potential,” “continue,” “may,” “seek,” “approximately,” “predict,” “believe,” “expect,” “plan,” “intend,” “estimate”, “preparing” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would” and “could.” These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions which are difficult to predict. Therefore, current plans, anticipated actions, financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. The Company does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law. Contact Details PCMA Private Client Jason Jepson +1 949-394-7033 jason.jepson@pcma.us.com Company Website https://pcma.mortgage/

March 28, 2022 09:00 AM Eastern Daylight Time

Article thumbnail News Release

Nostromo partners with Smardt to launch energy storage system with 100% Round Trip Efficiency (RTE)

Nostromo Energy Limited

Nostromo Energy (TASE:NOST) announced a technology collaboration with Smardt Chiller Group to introduce an energy storage system with the highest Round Trip Efficiency (RTE) ever. Nostromo developed a novel energy storage system based on the IceBrick™, a modular, encapsulated ice cold-energy storage system featuring breakthrough engineering and materials and enabling rapid freezing at high temperature with unprecedented efficiency. Smardt recently launched its High-lift Chiller, the newest model of the company’s oil-free magnetic chiller line. Nostromo’s IceBrick™ enables the ice-building charging unit to work at its highest available efficiency. (0.65 to 0.45 kW/RT). Compact design - In order to decarbonize buildings, we must embed safe and sustainable energy storage in the buildings themselves. Retrofitting the existing building stock will be the key to realizing this future. Nostromo’s IceBrick™ compact size and modular design enables fitting the system into unused spaces or positioning it on the roof, parking lots, or any other commercially neglected spaces. Smardt’s chillers are also the most compact in the industry, so together the companies offer a compact solution that can be retrofitted into existing buildings. “Combining the Nostromo system with the Smardt chiller will enable us to utilize the capabilities of our IceBrick™ to produce ice at unprecedented efficiencies,” said Yaron Ben nun, Nostromo’s Founder and CTO, “We are aiming to achieve efficiency at ice-making mode which will be higher than the most customer's regular chillers efficiency for delivering thermal comfort. Cold energy storage is used to shift energy in order to provide relief to the grid at critical times of the day. With the Nostromo and Smardt solution, this shift can also save energy” Accelerating the Transition to A Truly Sustainable Future “Eventually, although we do have some losses through the full cycle, we still might show a total efficiency of 100%. This might become an important milestone in our quest to bring water to the heart of the discussion on the future of energy storage. We believe water must become a significant part of the energy storage landscape, for all the good reasons - to obtain a truly sustainable future to name one” The partnership involves the establishment of a state-of-the-art lab to develop operating protocols for both the Smardt chiller and Nostromo System to optimize the system’s performance and to deliver the charging energy at the highest efficiency possible. The companies also revealed their collaboration at the AHR Expo in Las Vegas, the major event of the industry. Yoram Ashery, Nostromo’s CEO said: “We are excited about partnering with Smardt, as we share the passion for innovation and breaking new frontiers, together with a strong commitment to maximizing efficiencies and minimizing carbon emissions, for our customers and this planet.” About Nostromo Energy Nostromo accelerates the renewable energy revolution, with its sustainable energy storage solution that enables commercial and industrial buildings to do their part in stopping climate change by becoming large-scale energy storage assets. Nostromo paves the way to a carbon free electric grid, while offering a safe, clean and financially beneficial system to building owners. Nostromo’s revolutionary technology, the IceBrick™, stores cold energy during off-peak or surplus solar hours and uses it to power commercial space cooling, which accounts for approximately 40% of power demand during peak hours. https://www.nostromo.energy Contact Details Lea Berdugo +972 54-297-3672 lea@reblonde.com Company Website https://nostromo.energy/

March 24, 2022 10:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

PCMA Expands High Net Worth Lending Capabilities & Structured Credit Investment Opportunities with the Launch of PCMA Capital Advisors

PCMA

PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announces the launch of PCMA Capital Advisors, a vertically integrated Asset Origination and Convexity Management firm specializing in Structured, Super Prime, Non-Agency, Private Client Credit. PCMA Capital Advisors is led by a powerhouse team of structured credit experts, with a pedigreed track record and experience in building and managing large-scale investment management and residential credit businesses. “PCMA Capital Advisors is an income and credit access vehicle for duration investors looking to invest in high yielding, private client income, with low convexity, and low CPR performance,” said John R. Lynch, CEO and Founder of PCMA Capital Advisors, and PCMA Private Client Companies. PCMA Capital Advisors proprietary investment vehicle, “Pinnacle”, collapses the distribution layers between asset originator and investor, creating equitable investment, private syndication, asset transparency, portfolio surveillance, convexity management, and proactive oversight for all parties vested in the collateral. “Pinnacle is an alliance of institutional investors and partnerships that have networked together to reimagine, and rethink how assets and investors come together. Pinnacle opens the door for PCMA and its partners to take first mover advantage of a market opportunity no one sees, nor is incentivized to change,” said Anatoly Burman, President and Chief Investment Officer at PCMA Capital Advisors. This strategy gives institutional partners access to a very scarce, yet highly lucrative asset class, opening the opportunity for tier one investors to benefit from: Captive Direct Origination I Coveted Asset Management Team Shared Risk Partnership I Convexity Management Investment Grade Proxy I High Quality Income I Low Convexity Private Placement I Monthly Settlement I Asset to Liability Matching “PCMA Private Client Lending serves the most accomplished of our society arming PCMA Capital Advisors with tier one credit and convexity managed investment strategies for informed investors,” said Joe McKnight, COO and Head of Corporate Development at PCMA Capital Advisors. “We are bringing original ideas and concepts that have never been seen before; investment ideas and new approaches that will grow into our multi-tiered credit portfolio and beyond.” About PCMA PCMA is a vertically integrated Asset Origination and Convexity Management firm that specializes in Structured, Super Prime, Non-Agency, Private Client Credit. With its captive origination unit, PCMA has become the leading Non-Bank Private Client Lender in the U.S. What began as a linear venture has morphed into a vertical organization and industry leading incubator of ideas pushing the boundaries of innovation in high-capacity financial services. PCMA offers qualified individuals and institutions bespoke lending and advisory services across all major credit, and residential asset classes. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.capital & www.pcma.us.com Forward-Looking Statements This release may contain “forward-looking statements,” which reflect the Company’s current views with respect to, among other things, its operations and financial performance. You can identify these statements by the use of words such as “outlook,” “anticipation”, “potential,” “continue,” “may,” “seek,” “approximately,” “predict,” “believe,” “expect,” “plan,” “intend,” “estimate”, “preparing” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would” and “could.” These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions which are difficult to predict. Therefore, current plans, anticipated actions, financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. The Company does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law. Contact Details Pcma Private Client Jason L Jepson +1 949-394-7033 jjepson74@gmail.com Company Website https://www.pcma.partners

March 23, 2022 09:00 AM Eastern Daylight Time

Article thumbnail News Release

Houston Mother Gives ‘Inside Look’ at Staying Connected to the Internet During the Pandemic

Comcast Houston

HOUSTON, TX — A Houston mother is one of the millions of low-income Americans who will now be able to get free, fast and reliable Comcast broadband service, thanks to the new Affordable Connectivity Program (ACP) — a federally-funded program that gives eligible households a credit of up to $30 per month towards the cost of broadband service. “When the pandemic first happened, that’s when everything got pretty chaotic,” Jamila Byrd, a Houston mother of two, said. “You don’t really think about how important the Internet is until you don’t have it anymore.” According to the White House, an estimated 42 million Americans are in the same or similar situation as Byrd; they don’t have access to high-speed internet at home. The hardship, often referred to as the “digital divide”, was exacerbated by the pandemic when families had to virtually learn and work from home. “We had to go to friends’ houses, my sister’s house, so my kids could do assignments,” Byrd said. “It takes away a lot of time from us being together as a family. It’s tough for everybody.” The goal of the program is to help low-income households connect and stay connected to high-speed internet for work, school, healthcare and more. Eligible households that enroll in the program get up to a $30 monthly credit ($75 for eligible Tribal land households). Customers can use the monthly credit towards Xfinity Internet and mobile services. Eligible households are those that qualify for programs like the Federal Pell Grant, National School Lunch Program, SNAP, Medicaid, housing assistance and other government programs. “The Affordable Connectivity Program is a once-in-a-lifetime opportunity that Comcast is proud to actively support,” Houston Regional Vice President of External Affairs Toni Beck said. “As a company and society, it is imperative that we work together to help people connect to the transformative power of the internet both at home and on the go. At Comcast, we’re doing just that.” In response to the ACP, Comcast introduced a new plan called Internet Essentials Plus that offers twice the download speed – up to 100 Mbps – of the traditional Internet Essentials service, a cable modem and a WiFi router for $29.95 per month. With the $30 ACP credit, Internet Essentials Plus is effectively free for qualifying families. Customers who are looking for home internet and top-rated mobile service can now have both at an affordable price. Internet Essentials customers paying $9.95 per month can add one line of Unlimited Xfinity Mobile ($45 per month) for $24.95 per after applying the ACP credit. In February, during a White House event, Vice President Kamala Harris, Federal Communications Commission Chairwoman Jessica Rosenworcel, and Senior Advisor Mitch Landrieu announced more than 10 million households are enrolled in the Affordable Connectivity Program, the nation’s largest-ever broadband affordability program. Byrd was recently approved for the ACP credit. “I’m grateful for this program,” Byrd said. “If I had to use one word to describe our household environment right now, it’s unity. It brings us together. It helps us to be able to do the things that we need to do, and then we have more time for family time.” To learn more about the ACP, eligibility or to apply go to Xfinity.com/acp or call 1-844-389-4681. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Foti Kallergis +1 832-986-0196 Foti_Kallergis@comcast.com Company Website https://houston.comcast.com/

March 23, 2022 07:02 AM Central Daylight Time

Video Image
Article thumbnail News Release

American Equipment Holdings Expands Overhead Crane Service Footprint with Acquisitions of ASR Crane and Quality Crane Service

Rotunda Capital Partners LLC

American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired the overhead crane service businesses of Arlington Sales & Rental (“ASR Crane”) and Quality Crane Service (“Quality Crane”), leading providers of overhead maintenance, repair and overhaul (MRO) field services in the Arizona, Nevada and Southeastern U.S. markets, respectively. The acquisitions of ASR Crane and Quality Crane mark the seventh and eighth acquisition completed by American Equipment since partnering with Rotunda in May of 2021. For over 20 years, ASR Crane has been providing comprehensive overhead crane and hoist services and solutions to customers across the growing Arizona and Nevada markets, including repairs, inspection, new and replacement parts and equipment. ASR Crane will be rebranded as American Equipment and continue to service existing and new customers with the highest quality and reliability. American Equipment’s industry leading engineering capabilities, technical expertise and best-in-class resources will also enhance ASR Crane’s value proposition and strengthen its ability to service its longstanding blue-chip customer base. Quality Crane will join American Equipment’s southeast regional operations and operate as part of its Eastern Crane & Hoist division. “We are excited to add ASR Crane and Quality Crane to the American Equipment family of businesses,” said American Equipment CEO Adam Zimmerman. “These acquisitions represent another strategic step towards building a national one-stop-shop overhead crane solutions provider with an emphasis on MRO field services.” “I am extremely excited about joining the American Equipment team and the many new possibilities this partnership creates for both companies and our employees,” said Duke Nigro, owner of ASR Crane. “American Equipment’s culture and commitment to the highest quality customer service perfectly aligned with our own strategy and I look forward to our collective future growth.” “I could not ask for a better outcome than joining the American Equipment platform and having the opportunity to leverage the best-in-class resources and in-house technical expertise to better serve my loyal customer base,” said David Stakel, founder of Quality Crane. “We look forward to working with David and providing the highest quality solutions to Quality Crane’s longstanding customer base,” said Mark Souza, General Manager of Eastern Crane & Hoist. About American Equipment Holdings American Equipment Holdings is home to a collection of leading overhead crane and hoist distributors and field service providers, including American Equipment, Allied Crane, Eastern Crane & Hoist, Facilities Engineering, Kistler Crane & Hoist, Pacific Crane & Hoist, and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 4,000 customers nationwide. Together, American Equipment Holdings companies provide comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training. American Equipment Holdings represents the industry’s leading manufacturers such as Detroit Hoist, Columbus McKinnon, ACCO, R&M, Demag, Gorbel, Spanco, IMS, Harrington, Conductix, Magnetek & PE, among others, and customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional and national customers across a variety of end markets, including light & heavy industrial, automotive, mining, public utilities, military, aerospace & defense and energy, among others. For more information, visit www.amquipinc.com. American Equipment is aggressively seeking to acquire other overhead crane and material handling equipment, parts and service solution providers and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Ryan Aprill, Principal at Rotunda Capital Partners, regarding acquisition opportunities. About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.rotundacapital.com

March 23, 2022 07:43 AM Eastern Daylight Time

Article thumbnail Digital Asset Direct

Roberts & Ryan Teams with Robert Irvine Supporting Our Nation's Veterans

Roberts & Ryan Investments, Inc.

Contact Details For Press Inquiries Please Contact Joe Pecoraro +1 917-658-8945 jpecoraro@roberts-ryan.com Company Website https://www.roberts-ryan.com

March 22, 2022 09:00 AM Eastern Daylight Time

Video
1 ... 6768697071 ... 95