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American Industrial Partners
American Industrial Partners is an American private equity partnership. It invests in industrial businesses in the United States and Canada. It was founded in 1988 by Theodore Rogers and Richard Bingham. It has offices in New York City; the managing partners are Kim Marvin, John Becker and Dino Cusumano. History and acquisitions American Industrial Partners was founded in 1988; according to ''Indianapolis News'', the partnership primary consisted of CEOs who resigned following the takeovers of their companies. The partnership focused on investing in manufacturing companies. Unlike some contemporary investment firms, rather than perform leveraged buyouts, AIP claims to focus on improving the profitability of acquired companies. After acquiring companies, it would focus on "cutting debt and improving operations" while adopting a "hands-off management style" that typically retained previous leadership. Its purchases are typically financed 55% with debt, below the typical 65% to 70% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goodyear Tire And Rubber Company
The Goodyear Tire & Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank Seiberling and based in Akron, Ohio. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, motorcycles, SUVs, race cars, airplanes, farm equipment and heavy earth-moving machinery. It also makes bicycle tires, having returned from a break in production between 1976 and 2015. As of 2017, Goodyear is one of the top five tire manufacturers along with Bridgestone (Japan), Michelin (France), Continental (Germany) and MRF (India). The company was named after American Charles Goodyear (1800–1860), inventor of vulcanized rubber. The first Goodyear tires became popular because they were easily detachable and required little maintenance. Though Goodyear had been manufacturing airships and balloons since the early 1900s, the first Goodyear advertising blimp flew in 1925. Today, it is one of the most recognizable advertising icons in America. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
REV Group
REV Group (formerly Allied Specialty Vehicles) is an American manufacturer of ambulances, buses, firefighting vehicles, recreational vehicles and other specialty vehicles. The company has yearly revenue of over $1 billion. History Allied Specialty Vehicles was formed in 2010 from the merger of four companies owned by American Industrial Partners: Collins Industries, E-One, Halcore Group, and Fleetwood Enterprises. In September 2010, ASV acquired the assets of ambulance manufacturer Road Rescue from Spartan Motors. In 2013, three acquisitions were announced. SJC Industries was purchased in May 2013 from Thor Industries. It is a manufacturer of ambulances under the brand names ''McCoy Miller'' and ''Marque''. A week later, it was announced that ASV was purchasing the RV assets of Navistar International, which include Monaco, Holiday Rambler, R-Vision and the Beaver and Safari brands. In August 2013, ASV announced the purchase of Thor Industries' bus businesses, including the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fleetwood Enterprises
Fleetwood RV is a producer of recreational vehicles (RVs). Founded in 1950, Fleetwood RV is part of REV Group. Rev's recreation division includes Fleetwood RV, American Coach, Monaco, Holiday Rambler, Renegade RV, Midwest Automotive Designs, and Lance Campers. History Fleetwood RV origins date back to 1950, when John C. Crean formed Coach Specialties Company in southern California, as a maker of window blinds for travel trailers. Around 1953, Crean renamed the company to Fleetwood Trailer Company, a name inspired by the automotive bodies incorporated into various Cadillac lines of automobiles. In 1957, the company was reincorporated as Fleetwood Enterprises, Inc. During its first dozen years, the company moved from Compton to Paramount to Anaheim. It moved again in 1962 to Riverside, California. Fleetwood became a public company in 1965, reporting annual sales of $18.5 million. The company became part of the Fortune 500 in 1973, remaining there for nearly three decades. By 1989 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collins Industries
Collins Industries is an American bus manufacturer headquartered in Hutchinson, Kansas. Best known for production of yellow school buses, the company produces buses for multiple applications; all bodies designed by the company have been produced for cutaway van chassis. Collins was founded in 1967 by Don Collins, Sr. as E-CON-O Conversion; originally a part of Collins Industries, the company exists today as a wholly owned subsidiary of manufacturing company REV Group. All production is sourced from a 94,000 square-foot facility from South Hutchinson, Kansas. History 1970s In 1967, Don Collins founded E-CON-O Conversion in Kansas City, Missouri, becoming one of the first to develop a school bus derived from a van. Utilizing a Ford Falcon van ( Econoline passenger van), Collins shifted away from designs based upon utility vehicles such as the Chevrolet Suburban and International Harvester Travelall. In 1971, Collins replaced E-CON-O with Collins Industries, expanding its p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dayton Daily News
The ''Dayton Daily News'' (''DDN'') is a daily newspaper published in Dayton, Ohio, United States. It is owned by Cox Enterprises, Inc., a privately held global conglomerate headquartered in Atlanta, Georgia, United States, with approximately 55,000 employees and $21 billion in total revenue. Its major operating subsidiaries are Cox Communications, Cox Automotive, and Ohio Newspapers (including the Dayton Daily News). Headquarters The Dayton Daily News has its headquarters in the Manhattan Building in downtown Dayton, 601 E. Third St. The newspaper’s editorial and business offices were moved there in January, 2022. For more than 100 years the paper's editorial offices and printing presses were located in downtown Dayton. From 1999 to 2017, the paper was printed at the Print Technology Center near Interstate 75 in Franklin about 15 minutes to the south. In 2017, the Dayton Daily News's parent company came to an agreement with Gannett for the paper to be printed at Gannett's f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equity (finance)
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Augusta Chronicle
''The Augusta Chronicle'' is the daily newspaper of Augusta, Georgia, and is one of the oldest newspapers in the United States still in publication. The paper is known for its coverage of the Masters Tournament, which is played in Augusta. The ''Chronicle'' had a daily circulation of 18,177 and a Sunday circulation of 21,166 according to Dec 2018 Quarterly Data Report by the Alliance for Audited Media. History The paper was founded as the weekly ''Augusta Gazette'' in 1785. In 1786, the paper was renamed ''The Georgia State Gazette''. From 1789 to 1804, the paper was known as ''The Augusta Chronicle and Gazette of the State''. Patrick Walsh, later a U.S. Senator, joined the editorial staff in 1866 and became owner in 1873. In 1945, former bookkeeper William Morris, Jr. bought controlling interest in the paper. This was the beginning of Morris Communications, headquartered in Augusta with the ''Chronicle'' as flagship. In addition to a daily online edition, the entire archives ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Solo Cup Company
Solo Cup Company is an American manufacturer of disposable consumer products including beverage cups, disposable plates, and bowls. Solo Cup Company is located in Lake Forest, Illinois, and in 2006 had sales of $2.4 billion. On May 4, 2012, Solo Cup Company was acquired by Dart Container. History Leo Hulseman, a former employee of the Dixie Co. in the 1930s, created the "Solo Cup", a paper cone he made at his home and sold to bottled-water companies. Later the company developed other products, like wax-coated cups and the plastic Cozy Cup. The wax-coated cups were added to its lineup in the 1950s, as fountain sodas gained popularity. Leo Hulseman founded the Solo Cup Company in 1936, The company was originally incorporated in 1955 under the name Hulseman Paper Corporation. In the 1970s, Hulseman's son, Robert Leo Hulseman, came up with the now-ubiquitous (in the United States), red Solo cup. The red Solo cups are made of thick, molded polystyrene. They are known for being ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Net Worth
Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Since financial assets minus outstanding liabilities equal net financial assets, net worth can also be conveniently expressed as non-financial assets plus net financial assets. It can apply to companies, individuals, governments or economic sectors such as the sector of financial corporations or to entire countries. By entity Calculation Net worth is a combination of financial assets and liabilities. The financial assets that contribute to net worth are homes, vehicles, various types of bank accounts, money market accounts, and stocks and bonds. The liabilities are financial obligations such as loans, mortgage, accounts payable (AP) that deplete resources. Companies Net worth in business is also referred to as equity. It is generally based on the value of all assets and liabilities at the carrying value which is the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
