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Posts filtered by tags: North America[x]


 

Nike's North America sales fail to impress, shares slip

Nike Inc reported quarterly revenue that failed to beat Wall Street estimates for the first time in over a year, as sales fell short of expectations in its biggest market of North America, sending its shares tumbling 5 percent on Thursday.
Tags: Money, Nike, businessNews, North America, Nike Inc


Nike misses North America revenue estimates, shares drop

Nike Inc missed North American quarterly revenue estimates on Thursday amid higher spending on new products and online initiatives, sending its shares down 3 percent in extended trading.
Tags: Money, Nike, businessNews, North America, Nike Inc


Elon Musk just emailed every single Tesla employee saying car deliveries should be their 'primary priority' in what he's calling the biggest wave in company history (TSLA)

Tesla is racing to deliver cars before the end of the first quarter on March 31.  Elon Musk told all employees in an email seen by Business Insider that deliveries should be their "top priority." As the company ramps up sales in Europe and China in addition to North America, Musk said this is the biggest wave of deliveries in its history.  Elon Musk sent an email to all Tesla employees on Thursday afternoon informing them that car deliveries should be everyone's top priority until the end of ...
Tags: Europe, Elon Musk, California, China, Trends, Tesla, Eu, TSLA, Jordan, North America, East Coast, Musk, Business Insider, Europe China, Sanjay Shah, Ashley Harris


Phillips & Temro buys EVoCharge

Phillips & Temro Industries Inc, a Harbour Group company, said March 20 that it acquired EVoCharge Inc. Financial terms weren’t announced. EvoCharge supplies electric vehicle charging infrastructure solutions for commercial, public vehicle fleet, and residential use. PRESS RELEASE ST. LOUIS, March 20, 2019 /PRNewswire/ — Phillips & Temro Industries, Inc., a Harbour Group company, acquired EVoCharge, Inc. (“EVoCharge”), Jeff Fox, Harbour Group’s chairman and chief executive, announced today. Term...
Tags: Los Angeles, Trends, Tech, Fox, North America, Phillips, PTI, Tom Moser, EDEN PRAIRIE Minn, Harbour Group, PE Deals, About Harbour Group Harbour Group, St Louis Missouri Harbour Group, Temro, Phillips Temro Industries Inc, EVoCharge Inc


Ares Management PE Group buys CoolSys

CoolSys said March 21 that it was sold to the Private Equity Group of Ares Management Corp. Financial terms weren’t announced. Management is investing. CoolSys is a refrigeration and HVAC services company. PRESS RELEASE BREA, Calif.–(BUSINESS WIRE)–CoolSys, a parent of market-leading refrigeration and HVAC companies nationwide, announced today that is has been acquired by a fund managed by the Private Equity Group of Ares Management Corporation. CoolSys will continue to operate under its current...
Tags: Real Estate, Australia, Trends, Financial, North America, Southern California, Orange County Calif, PE Deals, Audax Group, Credit Private Equity, United States Europe Asia, BREA Calif, CoolSys, Adam Coffey, Industrial/Manufacturing, Ares Management PE Group


Pleatco to buy APEL International, Milton Manufacturing

Pleatco, a portfolio company of Align Capital Partners, said March 18 that it acquired APEL International and Milton Manufacturing. Financial terms weren’t announced. APEL, of Louisville, Kentucky, designs and makes pleated filter cartridges, pleated bags, and other filtration products for mission-critical industrial air applications. Milton, of Milton, Ontario, provides spun bond, paper, felt, and pleated bag filters for OEM customers. PRESS RELEASE Align Capital Partners’ Pleatco Platform Expa...
Tags: Europe, Usa, Trends, Canada, United States, M&a, North America, Cleveland, Louisville, Langley, Rick, Milton, Louisville Kentucky, ACP, Louisville Ky, Milton Ontario


Ad-tech companies are moving full speed ahead to chase OTT ad dollars. Here are the 13 companies poised to win the most.

A growing number of ad-tech companies are moving into over-the-top advertising as ad dollars shift from TV to streaming video. While ad-tech companies are clamoring to get a share of the OTT ad market that's coming from the $70 billion in TV advertising, not all ad-tech companies will actually be able to deliver. Business Insider polled a handful of ad buyers and compiled a list of 13 ad-tech companies that are at the forefront of shaping the future of OTT advertising. More people are cutting...
Tags: Google, Facebook, Youtube, Amc, Disney, US, Trends, Comcast, Roku, Cbs, David Cohen, Nielsen, North America, Vizio, Hulu, Comscore


3i Group invests $179 mln in Magnitude Software

3i Group plc said March 19 that it will invest $179 million in Magnitude Software Inc. The enterprise value of the transaction is $340 million. Magnitude, of Austin, provides unified application data management solutions, operating in the US, the Netherlands, UK, Canada and India. PRESS RELEASE 3i Group plc (“3i”) today announces that it will invest c. $179m in Magnitude Software Inc., (“Magnitude”), a leading provider of unified application data management solutions, operating in the US, the Ne...
Tags: India, US, Trends, Tech, ERP, Austin, North America, Sap, North America Europe, PE Deals, Netherlands UK, 3i Group, 3i Group plc, Magnitude Software Inc, Chris Ney, Magnitude of Austin


Tesla is asking employees to volunteer and help deliver 30,000 cars before the end of the quarter (TSLA)

Mad dashes to deliver cars by the end of a quarter aren't new at Tesla, and an internal email seen by Business Insider shows this period is no exception.  VP Sanjay Shah asked employees to help deliver 30,000 cars over the last 15 days of the quarter.  CEO Elon Musk has acknowledged Tesla's delivery problem, and earlier this year the company purchase an auto-hauling logistics company.  Hours after unveiling its newest car, the Model Y, Tesla was once again asking employees to help deliver car...
Tags: Europe, Elon Musk, China, Trends, Tesla, TSLA, North America, Musk, Business Insider, Shah, Business Insider Tesla, Sanjay Shah


For the CEO of the firm backing robos like Betterment and Stash the future of managing money could be more like ordering dinner from a restaurant

Bill Capuzzi, CEO of Apex Clearing, said advisors and robos should aim to offer multiple options for clients when it comes to investing their money. As different live events happen, people should be able adjust whether they work purely with an advisor, robo or somewhere inbetween. Robos and traditional wealth managers are both trying to move in this direction, but the process is slow.  The future of managing money could be more like picking what you want for dinner at a restaurant than being ...
Tags: Trends, Hsbc, North America, Betterment, Business Insider, FIA, Bill Capuzzi, Capuzzi, Robos


Staley named CEO of Advancing Eyecare

Advancing Eyecare, a portfolio company of Atlantic Street Capital, has named Brad Staley its CEO effective immediately. Most recently, Staley was CEO of United Scope. PRESS RELEASE Advancing Eyecare Announces Appointment of Brad Staley as Chief Executive Officer Experienced CEO with Global Operating Expertise to Oversee Lombart Instrument, Marco Ophthalmic, INNOVA Medical Ophthalmics, and Enhanced Medical Services NORFOLK, Virginia, March 18, 2019 – Advancing Eyecare, a newly-formed holding comp...
Tags: Mexico, US, Toronto, Trends, People, United States, Norfolk, North America, St Louis, EMS, Jacksonville, Marco, Montreal Canada, Brad, Staley, Duke University


Jordan Co to buy Sabre Industries from Kohlberg

Jordan Co LP said March 18 that it agreed to buy Sabre Industries Inc. Financial terms weren’t announced. Kohlberg & Co LLC is the seller. Management is also investing in the deal. Sabre, of Alvarado, Texas makes products for the utility and telecom markets, structures and complementary services for the electric transmission and wireless communication end markets. Kirkland & Ellis LLP acted as legal adviser to TJC. Houlihan Lokey Capital Inc and KeyBanc Capital Markets Inc were financial adviser...
Tags: Trends, Tech, Chicago, United States, North America, Sabre, Company, Kristin, Kirkland Ellis LLP, Paul Weiss Rifkind Wharton Garrison, KeyBanc Capital Markets Inc, LLP, TJC, Kohlberg, PE Deals, Jordan Co


PE-backed Advancing Eyecare names Staley as CEO

Advancing Eyecare, a newly-formed holding company owned by Atlantic Street Capital, has named Brad Staley as chief executive officer. Advancing Eyecare, an ophthalmic equipment provider, was formed earlier this year in partnership with Lombart Instrument and Marco Opthalmic. Stanley is the former CEO of United Scope. PRESS RELEASE Advancing Eyecare, a newly-formed holding company owned by private equity firm Atlantic Street Capital, is pleased to announce the appointment of Brad Staley to the ro...
Tags: Mexico, US, Toronto, Trends, People, Atlantic, United States, Healthcare, Norfolk, North America, St Louis, EMS, Jacksonville, Marco, Montreal Canada, Brad


A group of women trying to change the sexist culture of open source software have been harassed online

Women running for the Open Source Initiative board of directors have been harassed online, they told Business Insider.  The Open Source Initiative is best known for approving open source licenses and right now it's under the spotlight as companies shift their software licensing.   Open source communities, where programmers voluntarily build freely available software together, has been a famously hostile area of the tech industry towards women and other unrepresented people. These OSI board mem...
Tags: Amazon, Trends, Silicon Valley, North America, Blanc, Slashdot, SJW, Asia South America, Zapier, Masson, OSI, Patrick Masson, Pamela Chestek, Molly De Blanc, Mariatta Wijaya, Wijaya


Air Canada, United Airlines say 737 MAX groundings to hurt business

Air Canada and United Airlines on Friday became the first major carriers in North America to warn of negative impacts on business due to the grounding of Boeing Co's 737 MAX planes.
Tags: Money, Air Canada, businessNews, North America, United Airlines, Boeing Co, Air Canada United Airlines


Littlejohn acquires Western Industries Plastic Products

Littlejohn Capital has acquired Winfield, Kansas-based Western Industries Plastic Products LLC, a manufacturer of large blow-molded products. No financial terms were disclosed. Western was a portfolio company of Speyside Equity LLC. PRESS RELEASE SAVANNAH, GA, March 15, 2019 – LJC Investments IV, LLC, an investment vehicle controlled by Littlejohn Capital, LLC (“Littlejohn Capital”), today announced the acquisition of Western Industries Plastic Products LLC (“Western”), a niche technical manufac...
Tags: Trends, North America, Littlejohn, PE Deals, Littlejohn Co, Littlejohn Capital, Littlejohn Capital LLC, Angus C Littlejohn Jr, Littlejohn Capital Littlejohn Capital, Morrison Cohen, Winfield Kansas, Industrial/Manufacturing, Western Industries Plastic Products, Western Industries Plastic Products LLC, Speyside Equity LLC, Angus C Littlejohn


Why Facebook blacked out for nearly a whole day

Facebook went down for almost a full day across parts of North America and Europe, but it's still not saying exactly what happened.All the social network said Thursday was that the outages, which affected users and advertisers worldwide,... [Author: [email protected]]
Tags: Facebook, Europe, Business, North America


Flight Review: El Al Business Class (787-9) From New York to Tel Aviv

I have long been fascinated by El Al. Since they became a Qantas codeshare partner in 2017, I have wanted to experience the Israeli national airline. Long had I heard that El Al’s long-haul staples – the trusty Boeing 777-200ER – were not as fresh and comfortable as rivals flying on similar routes. But when El Al took delivery of their first Boeing 787-9 Dreamliner in 2017, I was set determined to experience their long-haul product. It only took me two-years! (NB: This photo taken of similar p...
Tags: Travel, Facebook, Hong Kong, Europe, Business, Usa, New York, Instagram, Scotland, New York City, Israel, US, Jerusalem, Tel Aviv, Flying, New Jersey


Santa Anita announces tighter rules on medication in wake of 22nd horse death

Santa Anita is cracking down on medication use at its racetrack following the death of a 22nd horse Thursday. In an open letter, Stronach Group president Belinda Stronach said Santa Anita and Golden Gate would become the first North America venues to follow stricter standards set by the International Federation of Horseracing Authorities. “The sport of horse racing is the last great sporting legacy platform to be modernized,” she wrote. “If we expect our sport to grow for future generations, we ...
Tags: Business, News, Congress, Sports, California News, Sport, Soccer, Horse racing, North America, Peta, Local News, Golden Gate, Stronach, Stronach Group, Jockey Club, Santa Anita


PE-backed Transportation Insight taps Faulkner for CEO role

Transportation Insight, a provider of enterprise logistics, has named Rennie Faulkner as CEO of TI Holdco‘s transportation insight division. Previously, Faulkner has been Transportation Insight’s CFO since 2010 and will remain as TI Holdco’s CFO. Transportation Insight is a portfolio company of Gryphon Investors. PRESS RELEASE HICKORY, NC (March 14, 2019) – Transportation Insight (or “the Company”), a North American leader in Enterprise Logistics, announces that Rennie Faulkner has been appointe...
Tags: San Francisco, Trends, People, North America, Chris, Thompson, Company, TMS, Rennie, FAULKNER, Paul Thompson, St Louis MO, Salt Lake City UT, Holdco, Gryphon Investors, Gryphon Investors PRESS


I.D. Systems to buy Pointer Telocation for $140 mln

I.D. Systems has agreed to acquire Israel-based Pointer Telocation, a telematics and mobile IoT solutions company, for $140 million in cash and stock. Abry Partners will invest $50 million in the combined company, which will rebrand as PowerFleet. The deal is expected to close summer 2019. Both John Hunt and Anders Bjork of Abry Partners will join PowerFleet’s board of directors at the completion of the transaction. PRESS RELEASE WOODCLIFF LAKE, N.J., March 13, 2019 (GLOBE NEWSWIRE) — I.D. Syste...
Tags: Israel, Trends, Tech, David, United Kingdom, M&a, Bjork, North America, Hunt, Wharton School, EBITDA, GAAP, Wolfe, Pointer, LLP, ROTH Capital Partners


Kayne Partners commits $15 mln to creative agency Ideas United

Kayne Partners, the growth equity group of Kayne Anderson Capital Advisors LP, has committed $15 million to Ideas United. With offices in California and Atlanta, Ideas United is a creative agency. PRESS RELEASE ATLANTA, March 13, 2019 /PRNewswire/ — Ideas United, LLC, a creative studio changing the way stories are told, announced today that Kayne Partners, the growth equity group of Kayne Anderson Capital Advisors, L.P., has committed $15 million in equity funding to support Ideas United’s growt...
Tags: California, Trends, North America, United, Kayne Anderson, Business Services, PE Deals, Kayne Anderson Capital Advisors LP, Kayne Anderson Capital Advisors, Kayne Anderson Capital Advisors L P, Kayne Partners, Rob Shilton, Ideas United, Ideas United With, Atlanta Ideas United, PRNewswire Ideas United LLC


TorQuest acquires home furniture maker Prepac

TorQuest Partners has acquired Delta, British Columbia-based Prepac Manufacturing Ltd, a maker of ready-to-assemble home furniture sold through online retailers. No financial terms were disclosed. Steve Simpson, founder of Prepac, will also retain a significant investment in the business and sit on the board of directors. Prepac President Jim Mathison and the senior management team, will continue to run the company. PRESS RELEASE Toronto, Ontario – March 14, 2019 – TorQuest Partners (“TorQuest”)...
Tags: Trends, North America, Company, RTA, TorQuest Partners, PE Deals, Steve Simpson, Amazon Wayfair, TorQuest, Consumer/Retail, Prepac, Delta British Columbia, Prepac Manufacturing Ltd, Jim Mathison, PRESS RELEASE Toronto Ontario, Delta British Columbia The Company


HCL Technologies buys SBE

HCL Technologies has acquired Seattle-based Strong-Bridge Envision, a digital transformation consulting firm. No financial terms were disclosed. SBE was backed by Bow River Capital. PRESS RELEASE NEW YORK & NOIDA, India–(BUSINESS WIRE)–HCL Technologies (HCL), a leading global technology company, today announced the acquisition of Strong-Bridge Envision (SBE), a digital transformation consulting firm with offices in Seattle, Denver, Atlanta, and New York City. With this acquisition, SBE will beco...
Tags: New York, Digital, US, Trends, Tech, M&a, North America, Seattle, Seattle Wa, New York City With, HCL, SBE, HCL Technologies, HCL Technologies HCL Technologies HCL, Strong Bridge Envision, NOIDA India BUSINESS WIRE HCL Technologies HCL


Summit Partners promotes five

Summit Partners has promoted five of its staffers. Peter Francis is now managing director; Matt Curtis has become a portfolio manager; and Gus Phelps is now a principal. Also, Chris Bon and Jono Pagden were promoted to senior associate. PRESS RELEASE BOSTON, MA; MENLO PARK, CA and LONDON, UK – Summit Partners, a leading alternative investment firm, today announced the promotion of five professionals globally across the firm’s growth equity, credit and public equity teams. Peter Francis was promo...
Tags: Europe, London, Boston, Trends, People, Harvard University, Anthem, North America, University of Toronto, Peter Francis, Cornell University, Chris, Peter, UBS Investment Bank, Trinity College, Matt


PE-backed Kalisher buys Soho Myriad

Kalisher, a portfolio company of LongWater Opportunities, has acquired Soho Myriad, a provider of custom art packages for the hospitality, luxury, cruise line and high-end commercial industries. No financial terms were disclosed. PRESS RELEASE Atlanta, GA, March 14, 2019: LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of Soho Myriad, Inc. (“Soho Myriad”), a consultant, curator, and manufacturer of custo...
Tags: London, Trends, Atlanta, Middle East, M&a, North America, North Carolina, Atlanta Georgia, EMEA, Dallas Texas, Fargo North Dakota, PE, Carrboro North Carolina, Consumer/Retail, Kalisher, Soho Myriad


PE-backed ICP Group buys Benefect

Innovative Chemical Products, a portfolio company of Audax Private Equity, has acquired Benefect, a provider of disinfectant and cleaning supplies for the environmental remediation industry. No financial terms were disclosed. PRESS RELEASE ANDOVER, Mass.–(BUSINESS WIRE)–Innovative Chemical Products (ICP Group) today announces the acquisition of Benefect, a world-recognized leader in next-generation botanical antimicrobials. Benefect, a producer of disinfectant and cleaning supplies for the envir...
Tags: Trends, M&a, North America, PE, Audax Private Equity, BSG, Andover Massachusetts, ICP Group, Doug Mattscheck, Industrial/Manufacturing, Benefect, Innovative Chemical Products ICP Group, ICP Building Solutions Group, ICP BSG, Mattscheck, Samuel De Ath


Supply chain problems to slow Adidas' sales growth

Adidas expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, where it has doubled its business in the last three years to take market share from bigger rival Nike.
Tags: Money, Adidas, businessNews, North America


Abry invests in Dr. Dental

Abry Partners has made an investment in Framingham, Massachusetts-based Dr. Dental Management, a dental management service organization. No financial terms were disclosed. PRESS RELEASE BOSTON–(BUSINESS WIRE)–Abry Partners (Abry), a Boston-based private equity firm, today announced that it has completed a strategic investment in Framingham, Mass.-based Dr. Dental Management, LLC (Dr. Dental), a dental management service organization that provides comprehensive management and administrative servi...
Tags: Boston, Trends, New Jersey, Healthcare, North America, New England, Dental, Alex Julia, Framingham Massachusetts, Framingham Mass, PE Deals, ABRY, ABRY Partners, ABRY PARTNERS Abry Partners, Dr Dental Management, BUSINESS WIRE Abry Partners Abry


LightBay and Freeman Spogli acquire FASTSIGNS

LightBay Capital and Freeman Spogli & Co have acquired Carrollton, Texas-based FASTSIGNS, a franchisor in the signage and visual graphics industry. No financial terms were disclosed. PRESS RELEASE Carrollton, Texas (March 13, 2019) – LightBay Capital (“LightBay”) and Freeman Spogli & Co. (“Freeman Spogli”) announced today that they have partnered together, along with management, to acquire FASTSIGNS International, Inc. (“FASTSIGNS”), the largest franchisor in the signage and visual graphics indu...
Tags: New York, Australia, Los Angeles, Trends, United States, North America, Kirkland, Greenberg Traurig LLP, Carrollton Texas, PE Deals, Harris Williams Co, Ares Capital Corporation, Proskauer LLP, Freeman Spogli, Freeman Spogli Co, Ellis LLP



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