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Forstmann Little
Forstmann, Little & Company was a private equity firm, specializing in leveraged buyouts (LBOs). At its peak in the late 1990s, Forstmann Little was among the largest private equity firms globally. Ultimately, the firm would suffer from the bursting of the internet and telecom bubbles, having invested heavily in technology and telecommunications companies. Following the death of the last surviving founder, Theodore Forstmann, in 2011, the firm was dissolved and its assets sold off. It closed in May 2014. History Ted Forstmann was a golfing partner of Derald Ruttenberg at the Deepdale Country Club on Long Island. He arranged for Ruttenberg to meet Henry Kravis and Jerry Kohlberg of the start-up Kohlberg Kravis Roberts. Kravis and Kohlberg proposed what they called a leveraged buyout. After the two had left, Ruttenberg suggested that Forstmann could do the same himself. Ruttenberg arranged funding for Forstmann, who launched Forstmann Little & Company in 1978. The company was ... [...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] |
Long Island
Long Island is a densely populated island in the southeastern region of the U.S. state of New York, part of the New York metropolitan area. With over 8 million people, Long Island is the most populous island in the United States and the 18th-most populous in the world. The island begins at New York Harbor approximately east of Manhattan Island and extends eastward about into the Atlantic Ocean and 23 miles wide at its most distant points. The island comprises four counties: Kings and Queens counties (the New York City boroughs of Brooklyn and Queens, respectively) and Nassau County share the western third of the island, while Suffolk County occupies the eastern two thirds of the island. More than half of New York City's residents (58.4%) lived on Long Island as of 2020, in Brooklyn and in Queens. Culturally, many people in the New York metropolitan area colloquially use the term "Long Island" (or "the Island") to refer exclusively to Nassau and Suffolk counties, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
XO Communications
XO Communications, LLC (previously Nextlink Communications, Concentric Network Corporation and Allegiance Telecom, Inc.) was an American telecommunications company. Before being purchased by and later absorbed by Verizon Communications. XO provided managed and converged Internet Protocol (IP) network services for small and medium-sized enterprises. XO delivered services through a mix of fiber-based Ethernet and Ethernet over Copper (EoC). In addition, the company had external network-to-network interface (E-NNI) agreements with traditional carriers and cable companies. Acquisition by Verizon Communications In a news release dated February 22, 2016, Verizon Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas ... announced plans to acquire XO Communications' "fiber-optic network business. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Motorola
Motorola, Inc. () was an American multinational telecommunications company based in Schaumburg, Illinois, United States. After having lost $4.3 billion from 2007 to 2009, the company split into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011. Motorola Solutions is the legal successor to Motorola, Inc., as the reorganization was structured with Motorola Mobility being spun off. Motorola Mobility was acquired by Lenovo in 2014. Motorola designed and sold wireless network equipment such as cellular transmission base stations and signal amplifiers. Motorola's home and broadcast network products included set-top boxes, digital video recorders, and network equipment used to enable video broadcasting, computer telephony, and high-definition television. Its business and government customers consisted mainly of wireless voice and broadband systems (used to build private networks), and, public safety communications systems like ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Dynamics
General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. As of 2020, it was the fifth-largest defense contractor in the world by arms sales, and 5th largest in the United States by total sales. The company is a Fortune 100 company, and was ranked No. 94 in 2022. Formed in 1954 with the merger of submarine manufacturer Electric Boat and aircraft manufacturer Canadair, the corporation today consists of ten subsidiary companies with operations in 45 countries. The company's products include Gulfstream business jets, Virginia- and Columbia-class nuclear-powered submarines, Arleigh Burke-class guided-missile destroyers, M1 Abrams tanks and Stryker armored fighting vehicles. In 2021, General Dynamics had worldwide sales of $38.85 billion and a workforce of approximately 103,000 full-time employees. The current chairman and chief executive officer (CEO) is Phebe Novakovic. History Electric Boat Gen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Instrument
General Instrument (GI) was an American electronics manufacturer based in Horsham, Pennsylvania, specializing in semiconductors and cable television equipment. They formed in New York City in 1923 as an electronics manufacturer. During the 1950s, the company began a series of acquisitions under the direction of Moses Shapiro. Among the more notable purchases was General Transistor in 1960, which led to GI becoming a major producer of transistors, and later, integrated circuits (ICs). By the late 1960s, the company was mostly depending on sales into the television industry, which was further bolstered by the 1967 purchase of Jerrold Electronics. The company changed markets continually. Through the 1970s they focussed mostly on the off-track betting market through their purchase of American Totalisator, but this market faced significant competition in the late 1970s. At this time, GI became well known for their IC's including the CP1600 used in the Mattel Intellivision game consol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stanadyne
Stanadyne LLC (originally known as Stanadyne Automotive Corporation) is a developer and manufacturer of fuel pumps and fuel injectors for diesel and gasoline engines. The company is based in Windsor, Connecticut, with global locations in Changshu, China (Stanadyne Changshu Corporation), Chennai, India (Stanadyne India Private Limited), and Brescia, Italy (Stanadyne S.p.A.). The company also operates a manufacturing facility in Jacksonville, NC. The company specializes in fuel injection equipment producing components for gasoline direct injection engines, Common rail systems, electronic and mechanical governed rotary distributor pumps for diesel engines and diesel fuel injectors. Stanadyne is wholly owned by the private equity firm Kohlberg & Company. History The company was founded in 1876 as Hartford Machine Screw Company. It was renamed Standard Screw Company in 1900. The company added additional subsidiaries throughout the early part of the century. The combined company prima ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dr Pepper
Dr Pepper is a carbonated soft drink. It was created in the 1880s by pharmacist Charles Alderton in Waco, Texas, and first served around 1885. Dr Pepper was first nationally marketed in the United States in 1904. It is now also sold in Europe, Asia, North and South America. In Australia, New Zealand and South Africa, Dr Pepper is sold as an imported good. Variants include Diet Dr Pepper and, beginning in the 2000s, a line of additional flavors. History The name "Dr. Pepper" was first used commercially in 1885. It was introduced nationally in the United States at the 1904 Louisiana Purchase Exposition as a new kind of soda pop, made with 23 flavors. Its introduction in 1885 preceded the introduction of Coca-Cola by one year. It was formulated by Brooklyn-born pharmacist Charles Alderton in Morrison's Old Corner Drug Store in Waco, Texas. To test his new drink, he first offered it to store owner Wade Morrison, who also found it to his liking. Patrons at Morrison's soda f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Topps
The Topps Company, Inc. is an American company that manufactures chewing gum, candy, and collectibles. Formerly based in New York City, Topps is best known as a leading producer of American football, baseball, basketball, ice hockey, soccer, and other sports and non-sports themed trading cards. Topps also produces cards under the brand names Allen & Ginter and Bowman. In the 2010s, Topps was the only baseball card manufacturer with a license with Major League Baseball. Following the loss of that license to Fanatics, Inc. in 2022; Fanatics acquired Topps in the same year. Company history Beginning and consolidation Topps itself was founded in 1938, but the company can trace its roots back to an earlier firm, American Leaf Tobacco. Founded in 1890 by members of the Saloman family, the American Leaf Tobacco Co. imported tobacco to the United States and sold it to other tobacco companies. Eventually, in 1908, Morris Chigorinsky Shorin came in control of the company. American ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulfstream Aerospace
Gulfstream Aerospace Corporation is an American aircraft company and a wholly owned subsidiary of General Dynamics. Gulfstream designs, develops, manufactures, markets, and services business jet aircraft. Gulfstream has produced more than 2,000 aircraft since 1958. Gulfstream's current range consists of the G280, G550, G500/G600, and G650/G650ER/G700/G800. History Origins The company that evolved into Gulfstream Aerospace Corp. started in the late 1950s when Grumman Aircraft Engineering Co., known for military aircraft production, developed a twin turboprop business aircraft at its facilities in Bethpage, New York, called the Grumman Gulfstream I (G-I). The G-I could seat 12 passengers, had a maximum speed of at and a range of . The new aircraft, the first of its kind designed for business travel, was a success, prompting Grumman to develop the jet-powered Grumman Gulfstream II or GII. 1960s At the start of the GII program, Grumman officials separated the company's civi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
