Armstrong

Veriten Closes Inaugural Energy Investment Fund

Retrieved on: 
Wednesday, October 18, 2023

Veriten, the energy research, investing, and strategy firm, announced today the closing of its debut fund, NexTen LP (“NexTen”), with $85 million in committed capital.

Key Points: 
  • Veriten, the energy research, investing, and strategy firm, announced today the closing of its debut fund, NexTen LP (“NexTen”), with $85 million in committed capital.
  • Participants in the NexTen fund include select energy companies and financial institutions, current and former energy operations and finance professionals, family offices, and Veriten team members.
  • “All of us at Veriten have a passion for energy broadly and recognize the complexity and importance of getting the world’s energy systems right in a very critical time.
  • There is no one-size-fits-all strategy in the future energy world,” added Arjun Murti, Veriten Partner for Energy Macro and Policy.

Transportation Insight & Nolan Transportation Group ranks fourth in 2023 top 100 Domestic Transportation Management (DTM) 3PLs list

Retrieved on: 
Thursday, October 19, 2023

ATLANTA, Oct. 19, 2023 /PRNewswire/ -- Transportation Insight (TI) and Nolan Transportation Group (NTG), a leading provider of non-asset, tech-enabled logistics and brokerage solutions in North America, today announced it has achieved the number-four ranking on Armstrong & Associates, Inc. (A&A) 2023 Top 100 Domestic Transportation Management (DTM) 3PL providers list based on gross revenue.

Key Points: 
  • ATLANTA, Oct. 19, 2023 /PRNewswire/ -- Transportation Insight (TI) and Nolan Transportation Group (NTG) , a leading provider of non-asset, tech-enabled logistics and brokerage solutions in North America, today announced it has achieved the number-four ranking on Armstrong & Associates, Inc. (A&A) 2023 Top 100 Domestic Transportation Management (DTM) 3PL providers list based on gross revenue.
  • Our experience and longevity in the industry have enabled us to create value for them through any cycle," said Ken Beyer, CEO, TI & NTG.
  • Companies surveyed and profiled for the list include global and regional 3PLs, digital freight brokers and freight forwarders, specialized/niche 3PLs, e-commerce fulfillment 3PLs, 3PL divisions within larger 3PLs and more.
  • See A&A's full Top 100 Domestic Transportation Management 3PL list here: Top 3PLs: A&A's Top 100 Domestic Transportation List .

40-Year Business Armstrong Printing Sold to New Minuteman Press Owner Adam Oswalt in Springfield, Ohio

Retrieved on: 
Monday, October 16, 2023

SPRINGFIELD, Ohio, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Adam Oswalt is the owner of the Minuteman Press franchise in Springfield, Ohio since April of 2023.

Key Points: 
  • SPRINGFIELD, Ohio, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Adam Oswalt is the owner of the Minuteman Press franchise in Springfield, Ohio since April of 2023.
  • Adam purchased independent printing business Armstrong Printing, which is now operating as Minuteman Press, Springfield .
  • I congratulate Adam and look forward to continuing to support Minuteman Press in Springfield as he builds his business.”
    Minuteman Press franchise, Springfield, Ohio (formerly Armstrong Printing).
  • Adam shares his insights on buying the business and what his experience has been like with Minuteman Press:
    Why did you choose Minuteman Press?

Incline Announces Sale of ARMStrong Receivable Management

Retrieved on: 
Tuesday, October 10, 2023

PITTSBURGH, Oct. 10, 2023 /PRNewswire/ -- Incline Equity Partners ("Incline"), a Pittsburgh-based private equity firm, is pleased to announce the sale of ARMStrong Receivable Management ("ARMStrong" or the "Company"), a leading provider of commercial accounts receivable management and related insurance services.

Key Points: 
  • PITTSBURGH, Oct. 10, 2023 /PRNewswire/ -- Incline Equity Partners ("Incline"), a Pittsburgh-based private equity firm, is pleased to announce the sale of ARMStrong Receivable Management ("ARMStrong" or the "Company"), a leading provider of commercial accounts receivable management and related insurance services.
  • Incline partnered with the Company in June 2019.
  • Based in Itasca, IL, ARMStrong offers commercial accounts receivable management services and complementary offerings, including premium audit and first party receivables management, subrogation and third-party deductible identification and recovery.
  • "With Incline's partnership, we strategically repositioned the business which allowed us to realize exceptional growth," said Mike Baldwin, CEO of ARMStrong.

Aeropay and UBank Join Forces to Revolutionize Gaming Payments

Retrieved on: 
Tuesday, October 3, 2023

CHICAGO and DALLAS, Oct. 3, 2023 /PRNewswire/ -- Aeropay , a leading payments technology company, and UBank , a Texas-based community-focused financial institution, have announced a strategic collaboration to revolutionize financial services in gaming.

Key Points: 
  • CHICAGO and DALLAS, Oct. 3, 2023 /PRNewswire/ -- Aeropay , a leading payments technology company, and UBank , a Texas-based community-focused financial institution, have announced a strategic collaboration to revolutionize financial services in gaming.
  • Together, Aeropay and UBank address the intricate payment challenges in the modern gaming ecosystem.
  • Together, Aeropay and UBank address the intricate payment challenges in the modern gaming ecosystem.
  • Aeropay specializes in providing customized payment solutions for businesses in multiple industries taking a compliance-first approach to payment processing in the gaming industry.

Loadsmart Announces Managed Transportation (LMT) Expansion to Meet Growing Customer Demand and Market Growth

Retrieved on: 
Tuesday, September 26, 2023

This approach to transportation management is a comprehensive solution to oversee and manage the logistics and transportation operations for mid-market shippers.

Key Points: 
  • This approach to transportation management is a comprehensive solution to oversee and manage the logistics and transportation operations for mid-market shippers.
  • The expansion includes the addition of Managed Transportation Sales Executives, Key Operations & Service Delivery teams and digital tools, which allow Loadsmart to effectively service a growing customer base.
  • That trend continued in 2022 with Armstrong & Associates reporting 24% growth in net revenues for the US 3PL market.
  • “We’re not only just cutting costs, but instead leveraging technology, expertise, and deep industry insights to revamp our clients transportation strategies.” says Robb Porter, President of Managed Transportation at Loadsmart.

SCTE® International Cable-Tec Games Competitors Announced

Retrieved on: 
Wednesday, September 20, 2023

Comcast has the most workers qualified for the Games this year with nine competitors, followed by Charter with five, Cox with three, and Armstrong and Cogeco Cable which each have two.

Key Points: 
  • Comcast has the most workers qualified for the Games this year with nine competitors, followed by Charter with five, Cox with three, and Armstrong and Cogeco Cable which each have two.
  • The International Cable-Tec Games will take place in a new venue at Expo 2023; the Technical Training Theater will make its debut on the show floor.
  • Attendees and exhibitors alike are encouraged to experience the thrill of the International Cable-Tec Games as T³ makes its debut as the place to train, compete, and excel.
  • Over 500 local, state and regional competitors participate to determine who will represent the chapter or region at the International Cable-Tec Games at Expo.

Indiana Brothers Receive Esports Scholarships From Manchester University

Retrieved on: 
Monday, September 11, 2023

The brothers, one graduating early, received academic scholarships for $22,000 per year, as well as Esports scholarships for $3,000 per year.

Key Points: 
  • The brothers, one graduating early, received academic scholarships for $22,000 per year, as well as Esports scholarships for $3,000 per year.
  • As students of INDLS, Garrett and Gabriel were able to compete in the Indiana State Esports Network, which is a ranked competitive Esports Team and Club.
  • Now, the Armstrong brothers will continue their success in gaming at Manchester University, where they will compete in The National Association of Collegiate Esports and be on a team that has been the Champion of the Great Lakes Esports Conference for three consecutive years.
  • For more information about INDLS and its Esports program or Garrett and Gabriel’s Esports background, please contact Ken Schwartz, [email protected] .

DataTrace Executive Kim Armstrong Named a HousingWire 2023 HW Insiders Award Winner

Retrieved on: 
Thursday, September 7, 2023

DataTrace®, the nation’s largest provider of data and automation solutions to the title and settlement services industry, announced today that Kim Armstrong, vice president of title automation and title production services, was named one of HousingWire’s 2023 HW Insiders award winners.

Key Points: 
  • DataTrace®, the nation’s largest provider of data and automation solutions to the title and settlement services industry, announced today that Kim Armstrong, vice president of title automation and title production services, was named one of HousingWire’s 2023 HW Insiders award winners.
  • The HousingWire Insiders Award recognizes 75 operational leaders in housing who are working behind-the-scenes to drive their companies and clients forward.
  • The winners were selected by HousingWire’s selection committee based on their vital and dynamic contributions to their companies and the industry as a whole.
  • “Kim’s accomplishments throughout her seven years at DataTrace are a testament to her strong leadership skills, passion to mentor, and commitment,” said Robert Karraa, president of DataTrace.

UCASU reported $0.06/share net profit for half year, with $2.3M revenue growth and 55% cost cut

Retrieved on: 
Monday, August 21, 2023

"Our goal is to achieve more than $0.10 per share net profit for the whole year," said Jason Armstrong, manager of UC Asset.

Key Points: 
  • "Our goal is to achieve more than $0.10 per share net profit for the whole year," said Jason Armstrong, manager of UC Asset.
  • "Our revenue increased by $2.3 million, which means our business has likely returned to the track of a fast growth," Armstrong added.
  • "We have several possible deals under negotiation, and we may see more revenue in the second half of the year."
  • In the year 2021, it reported $0.13 per share net gain of assets, and distributed $0.10 per share dividend.