Service companies

San Diego Holding Company Raises >$100M and Continues to Acquire Lower-Middle Market Companies

Saturday, May 15, 2021 - 7:00pm

b'SAN DIEGO, May 15, 2021 /PRNewswire-PRWeb/ -- Tide Rock Holdings ("Tide Rock"), a growth-oriented holding company of diverse, economically resilient B2B businesses, has raised $100 million.

Key Points: 
  • b'SAN DIEGO, May 15, 2021 /PRNewswire-PRWeb/ -- Tide Rock Holdings ("Tide Rock"), a growth-oriented holding company of diverse, economically resilient B2B businesses, has raised $100 million.
  • Tide Rock will use this capital to continue acquiring profitable lower middle market businesses.
  • We have our largest and best quality deal flow pipeline to date, as well as a robust investor pipeline to kick off the next round of fundraising.
  • We are on track for 2021 to be our best year so far.

Winmark Corporation Announces Run-off of Leasing Portfolio

Friday, May 14, 2021 - 9:07pm

b'Winmark Corporation (Nasdaq: WINA) announced today that it will no longer solicit new leasing customers and will pursue an orderly run-off for its middle-market leasing portfolio.

Key Points: 
  • b'Winmark Corporation (Nasdaq: WINA) announced today that it will no longer solicit new leasing customers and will pursue an orderly run-off for its middle-market leasing portfolio.
  • Brett D. Heffes, Chairman and Chief Executive Officer stated, \xe2\x80\x9cGoing forward, we intend to focus all of our resources on enhancing our leadership position in the large and growing resale market.
  • We have determined that running off the existing portfolio will maximize value for our shareholders.\xe2\x80\x9d\nWinmark, the Resale CompanyTM, is a nationally recognized franchising business focused on sustainability and small business formation.
  • At March 27, 2021, there were 1,264 franchises in operation and over 2,000 available territories.

Servotronics, Inc. Announces First Quarter Results For The Period Ended March 31, 2021

Friday, May 14, 2021 - 9:40pm

"The deferral of customer orders at the ATG resulted in a decline in revenue for the first quarter of 2021.

Key Points: 
  • "The deferral of customer orders at the ATG resulted in a decline in revenue for the first quarter of 2021.
  • The Company derives a material portion of its revenue from fixed price contracts with agencies of the U.S. Government or their prime contractors.
  • Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management\'s analysis only as of the date hereof.
  • The Company assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.\n'

WNS Files Fiscal 2021 Annual Report on Form 20-F

Friday, May 14, 2021 - 6:43pm

b'WNS (Holdings) Limited (NYSE: WNS) (the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading provider of global Business Process Management (BPM) solutions, announced the filing of the Company\xe2\x80\x99s Annual Report on Form 20-F for the fiscal year ended March 31, 2021 with the United States Securities and Exchange Commission (the \xe2\x80\x9cSEC\xe2\x80\x9d).

Key Points: 
  • b'WNS (Holdings) Limited (NYSE: WNS) (the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading provider of global Business Process Management (BPM) solutions, announced the filing of the Company\xe2\x80\x99s Annual Report on Form 20-F for the fiscal year ended March 31, 2021 with the United States Securities and Exchange Commission (the \xe2\x80\x9cSEC\xe2\x80\x9d).
  • The Annual Report was filed with the SEC on May 14, 2021.
  • WNS combines deep industry knowledge with technology, analytics and process expertise to co-create innovative, digitally led transformational solutions with over 375 clients across various industries.
  • WNS delivers an entire spectrum of BPM solutions including industry-specific offerings, customer interaction services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses.

7-Eleven, Inc. Completes Acquisition of 3,800 Speedway Stores

Friday, May 14, 2021 - 4:18pm

Speedway\'s high-quality portfolio includes approximately 3,800 stores located in 36 states across the U.S.\n"We are very excited to welcome Speedway into the 7-Eleven family," said Joe DePinto, President and Chief Executive Officer of 7-Eleven.

Key Points: 
  • Speedway\'s high-quality portfolio includes approximately 3,800 stores located in 36 states across the U.S.\n"We are very excited to welcome Speedway into the 7-Eleven family," said Joe DePinto, President and Chief Executive Officer of 7-Eleven.
  • "Speedway is a great brand and a strong strategic fit for our business that significantly diversifies our presence throughout the North American market, particularly in the Midwest and on the East Coast.
  • "\nThis acquisition accelerates 7-Eleven\'s growth trajectory while also strengthening the company\'s financial profile for continued success.
  • Based in Irving, Texas, 7Eleven operates, franchises and/or licenses nearly 77,000 stores in 16 countries and regions, including nearly 16,000 in North America.

Signature Bank to Participate in the Wells Fargo Securities Virtual Financial Services Investor Conference

Friday, May 14, 2021 - 3:21pm

b'Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today its management plans to present at the upcoming Wells Fargo Securities Virtual Financial Services Investor Conference.\nThe virtual conference, designed to showcase financial services companies, is scheduled for Wednesday, May 19th, 2021 \xe2\x80\x93 Thursday, May 20th, 2021.

Key Points: 
  • b'Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today its management plans to present at the upcoming Wells Fargo Securities Virtual Financial Services Investor Conference.\nThe virtual conference, designed to showcase financial services companies, is scheduled for Wednesday, May 19th, 2021 \xe2\x80\x93 Thursday, May 20th, 2021.
  • R Howell, Senior Executive Vice President - Corporate and Business Development, will present on Wednesday, May 19th at 10:40 AM Eastern Time.
  • You should keep in mind that any forward-looking statements made by Signature Bank speak only as of the date on which they were made.
  • Signature Bank has no duty to, and does not intend to, update or revise the forward-looking statements after the date on which they are made.

Fitch Initiates Rating of LKQ Corporation: ‘BBB-’ with Stable Outlook

Friday, May 14, 2021 - 3:00pm

b"CHICAGO, May 14, 2021 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, announced that Fitch Ratings, Inc. (\xe2\x80\x9cFitch\xe2\x80\x9d) has assigned first time Long-Term Issuer Default Ratings of \xe2\x80\x98BBB-\xe2\x80\x99 to LKQ and its subsidiary LKQ European Holdings B.V. (LKQ Europe).

Key Points: 
  • b"CHICAGO, May 14, 2021 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, announced that Fitch Ratings, Inc. (\xe2\x80\x9cFitch\xe2\x80\x9d) has assigned first time Long-Term Issuer Default Ratings of \xe2\x80\x98BBB-\xe2\x80\x99 to LKQ and its subsidiary LKQ European Holdings B.V. (LKQ Europe).
  • Additionally, Fitch has assigned ratings of \xe2\x80\x98BBB-\xe2\x80\x99 to LKQ\xe2\x80\x99s senior secured revolving credit facility and term loan and to the senior unsecured notes issued by LKQ Europe and LKQ Italia Bondco S.p.A. Fitch\xe2\x80\x99s rating outlook for LKQ and LKQ Europe is stable.\n\xe2\x80\x9cAchieving investment grade status with Fitch is another significant milestone for LKQ as we focus on operational excellence.
  • We stated our investment grade ambitions at our September 2020 Investor Day and I am pleased that Fitch has recognized our progress,\xe2\x80\x9d said Varun Laroyia, Executive Vice President and Chief Financial Officer.
  • These reports are available on our investor relations website at lkqcorp.com and on the\xc2\xa0SEC website at sec.gov.\n"

Overstock to Participate in Needham & Co. 16th Annual Technology & Media Conference

Friday, May 14, 2021 - 1:30pm

b"SALT LAKE CITY , May 14, 2021 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading e-commerce home furnishings retailer, announces its participation in the Needham & Co. 16th Annual Technology & Media Conference.

Key Points: 
  • b"SALT LAKE CITY , May 14, 2021 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading e-commerce home furnishings retailer, announces its participation in the Needham & Co. 16th Annual Technology & Media Conference.
  • Jonathan Johnson, Chief Executive Officer, and Adrianne Lee, Chief Financial Officer, will participate in investor meetings and a fireside chat hosted by Needham.\n\xe2\x80\x9cOverstock continues to consistently execute and generate strong momentum.
  • We remain steadfast in our commitment to deliver sustainable, profitable market share growth,\xe2\x80\x9d said Johnson.
  • In 2014, Overstock was the first major retailer to accept cryptocurrency as a form of payment and continues to do so.

Wipro Limited Appoints Tulsi Naidu to Its Board

Friday, May 14, 2021 - 1:22pm

Naidu is CEO Asia Pacific of Zurich Insurance Group (Zurich) and a member of Zurich\xe2\x80\x99s Executive Committee.

Key Points: 
  • Naidu is CEO Asia Pacific of Zurich Insurance Group (Zurich) and a member of Zurich\xe2\x80\x99s Executive Committee.
  • She was previously Chief Operating Officer for Prudential UK & Europe, and prior to that held several general management roles in the company focused on driving strategic transformational change.\nWelcoming Ms. Naidu to the Board, Rishad Premji, Chairman, Wipro Limited said, \xe2\x80\x9cI am excited to have Tulsi join our Board.
  • Her knowledge of the global financial services sector together with her proven experience in driving large transformational change and understanding of technology will hugely benefit Wipro.\xe2\x80\x9d\nCommenting on her appointment, Tulsi Naidu said, \xe2\x80\x9cI am delighted and honored to join the Board of Wipro.
  • Such statements include, but are not limited to, statements regarding Wipro\xe2\x80\x99s growth prospects, its future financial operating results, and its plans, expectations and intentions.

Voya Financial to present at 2021 Wells Fargo Virtual Financial Services Investor Conference

Friday, May 14, 2021 - 1:30pm

b'Voya Financial, Inc. (NYSE: VOYA), today announced that Rodney O. Martin, Jr., chairman and chief executive officer, Voya Financial, is scheduled to participate in the 2021 Wells Fargo Virtual Financial Services Investor Conference on Wednesday, May 19, 2021 at approximately 12 p.m. ET.\nThe webcast will be available at the following link on the Voya investor relations website: https://attendesource.com/profile/web/index.cfm?PKwebID=0x828605033&varP... .

Key Points: 
  • b'Voya Financial, Inc. (NYSE: VOYA), today announced that Rodney O. Martin, Jr., chairman and chief executive officer, Voya Financial, is scheduled to participate in the 2021 Wells Fargo Virtual Financial Services Investor Conference on Wednesday, May 19, 2021 at approximately 12 p.m. ET.\nThe webcast will be available at the following link on the Voya investor relations website: https://attendesource.com/profile/web/index.cfm?PKwebID=0x828605033&varP... .
  • With a vision to be America\xe2\x80\x99s Retirement Company\xc2\xae, Voya\xe2\x80\x99s products, solutions and digital capabilities help create a better financial future for all.
  • Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020 and $729 billion in total assets under management and administration as of March 31, 2021.
  • Follow Voya Financial on Facebook , LinkedIn and Twitter @Voya .\n'