Shared services center

DXP Enterprises, Inc. Announces Raising an Incremental $105M In Term Loan B Borrowings

Retrieved on: 
Tuesday, November 22, 2022
Oil, Gas, Chemicals, Plastics, Retail, Commercial Building & Real Estate, Construction & Property, Energy, Manufacturing, Other Transport, Mining, Minerals, Forest Products, Agriculture, Natural Resources, Transport, Logistics, Supply Chain Management, Food, Beverage, Yee, Senior, CFO, ABL, Acquisition, Security (finance), SOFR, Maintenance, Term, EBITDA, Shared services center, Growth, Term loan, DXP, DXPE, TLB, Bank

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on raising incremental $105 million Senior Secured Term Loan B (TLB) borrowings that will be added to the initial $330 million Term Loan B raised in December of 2020.

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on raising incremental $105 million Senior Secured Term Loan B (TLB) borrowings that will be added to the initial $330 million Term Loan B raised in December of 2020.
  • Including the new borrowings, DXP will have $417.2 million in Senior Secured Term Loan B borrowings.
  • The Term Loan B and incremental borrowings are 5.25 percent over Term SOFR and continues to include a secured leverage covenant ranging from 5.75:1 to 4.75:1.
  • Kent Yee, CFO added, We are pleased to announce the completion of raising an incremental $105 million to our existing Term Loan B.

Qianhai launches Global Service Providers Program to create a core engine of modern services in GBA

Retrieved on: 
Tuesday, November 8, 2022
Benchmark, Customs, LF, Interview, Authority, PE, International Talent Support, Science, Conference, Shared services center, Program, Intellectual property, Technology, Creative industries

At the conference, Qianhai Global Service Providers (QGSP) Program was launched, where a wide range of incentives will be provided to support service industries.

Key Points: 
  • At the conference, Qianhai Global Service Providers (QGSP) Program was launched, where a wide range of incentives will be provided to support service industries.
  • By 2025, it will have more than 300 modern service providers around the world and achieve an added value of over 100 billion yuan in the modern service sector.
  • In addition, Qianhai provides integrated services for international talent, which cover 451 items including government services, business services, etc.
  • As a result, Qianhai will provide comprehensive support for talent development and actively create huge opportunities for business growth.

Qianhai launches Global Service Providers Program to create a core engine of modern services in GBA

Retrieved on: 
Tuesday, November 8, 2022
Benchmark, Customs, LF, Interview, Authority, PE, International Talent Support, Science, Conference, Shared services center, Program, Intellectual property, Technology, Creative industries

At the conference, Qianhai Global Service Providers (QGSP) Program was launched, where a wide range of incentives will be provided to support service industries.

Key Points: 
  • At the conference, Qianhai Global Service Providers (QGSP) Program was launched, where a wide range of incentives will be provided to support service industries.
  • By 2025, it will have more than 300 modern service providers around the world and achieve an added value of over 100 billion yuan in the modern service sector.
  • In addition, Qianhai provides integrated services for international talent, which cover 451 items including government services, business services, etc.
  • As a result, Qianhai will provide comprehensive support for talent development and actively create huge opportunities for business growth.

AlphaGraphics' Louis Malooley named prestigious Franny Award winner

Retrieved on: 
Monday, October 31, 2022
Success, Marketing, PrestaShop, Time, SEND, Super Mario, POSTNET, Central business district, Knowledge, Solution, Culture, PACK, Shared services center, Global Commerce Bank, Printing, MBE, AlphaGraphics, Online shopping

DENVER, Oct. 31, 2022 /PRNewswire/ -- AlphaGraphics, a leading franchisor of printing and marketing solutions, recently announced Louis Malooley, owner of AlphaGraphics of Buckhead, as the 2022 Franny Award winner, the franchise's highest and most coveted honor.

Key Points: 
  • DENVER, Oct. 31, 2022 /PRNewswire/ -- AlphaGraphics , a leading franchisor of printing and marketing solutions, recently announced Louis Malooley, owner of AlphaGraphics of Buckhead, as the 2022 Franny Award winner, the franchise's highest and most coveted honor.
  • "The Franny Award embodies the culture, commitment and overall contributions of an AlphaGraphics franchisee," said Bill McPherson, vice president of franchise development.
  • We are so proud and excited that Louis was the recipient of the Franny Award this year.
  • "It is such an honor to receive the 2022 Franny Award," Malooley said.

Applied Industrial Technologies Reports Fiscal 2023 First Quarter Results

Retrieved on: 
Thursday, October 27, 2022
Electronic Design Automation, Engineering, Chemicals, Plastics, Technology, Manufacturing, Other Technology, Machinery, U.S. Securities and Exchange Commission, Shared services center, Growth, NYSE, Board, Board of directors, LIFO, Micro Engineering Solutions, Inc., Solution, Forward-looking statement, COVID-19, EPS, Company, EBITDA, CEO, Risk, OEM, AIT, International, Environment, MRO, Security (finance), Risk management, Applied Industrial Technologies

Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2023 first quarter ended September 30, 2022.

Key Points: 
  • Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2023 first quarter ended September 30, 2022.
  • Organic sales growth during the quarter was 20.3% in the Service Center segment and 17.8% in the Engineered Solutions segment.
  • Mr. Schrimsher added, We are raising fiscal 2023 guidance following strong first quarter performance.
  • Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies.

PostNet named to Franchise Times Top 500 rankings

Retrieved on: 
Thursday, October 27, 2022
MBE, PACK, Shared services center, Collection, PrestaShop, Marketing, McPherson, Super Mario, SEND, AlphaGraphics, Franchise Times, Printing, Global Commerce Bank, Toy, Online shopping, POSTNET

DENVER, Oct. 27, 2022 /PRNewswire/ -- PostNet, a global leader in high-quality printing and shipping solutions, has been named one of the largest franchise brands in the U.S. after earning placement on the Franchise Times Top 500 list. They were ranked 310 with estimated sales of $130.9 million.

Key Points: 
  • DENVER, Oct. 27, 2022 /PRNewswire/ -- PostNet , a global leader in high-quality printing and shipping solutions, has been named one of the largest franchise brands in the U.S. after earning placement on the Franchise Times Top 500 list.
  • "Being named to this list showcases how determined our leadership team and franchisees are to succeed," said Bill McPherson, vice president of franchise development.
  • "The future is bright for PostNet, and we will continue to evolve to meet the demands of both our customers and our franchise owners."
  • The Franchise Times Top 500 is a comprehensive annual ranking of the 500 largest U.S. franchise systems by global systemwide sales based on the previous year's performance.

China Life Insurance Company Limited Change of Person in Charge of Finance

Retrieved on: 
Thursday, October 27, 2022
SSE, LFC, NYSE, Financial Services Trade and Investment Board, Board, China Banking and Insurance Regulatory Commission, Shared services center, China Life Insurance Company, General manager, Finance, Company, Renmin University of China, Finance department, Punjab (Pakistan), Economics, Finance minister, Financial adviser

The Company would like to express its gratitude to Ms. Huang Xiumei for her contribution to the Company during her tenure of service.

Key Points: 
  • The Company would like to express its gratitude to Ms. Huang Xiumei for her contribution to the Company during her tenure of service.
  • The qualification of Ms. Hu Jin is still subject to the approval of the China Banking and Insurance Regulatory Commission.
  • The Company has designated Ms. Hu Jin to serve as the person temporarily in charge of finance of the Company prior to obtaining such approval.
  • Ms. Hu Jin, born in November 1971, has been the General Manager of the Finance Department of the Company since June 2020.

AlphaGraphics recognized as one of the leading franchise brands in the U.S.

Retrieved on: 
Monday, October 24, 2022
Franchise Times, Printing, McPherson, Central business district, Growth, Super Mario, Solution, SEND, Collection, PACK, Marketing, PrestaShop, POSTNET, Shared services center, Global Commerce Bank, MBE, AlphaGraphics, COVID-19, Video game, Online shopping

DENVER, Oct. 24, 2022 /PRNewswire/ -- AlphaGraphics, a leading franchisor of printing and marketing solutions, has been recognized as one of the biggest franchise systems in the nation after earning placement on the Franchise Times Top 500. Receiving a ranking of 226, AlphaGraphics saw sales of approximately $260.9 million in 2021.

Key Points: 
  • DENVER, Oct. 24, 2022 /PRNewswire/ -- AlphaGraphics , a leading franchisor of printing and marketing solutions, has been recognized as one of the biggest franchise systems in the nation after earning placement on the Franchise Times Top 500.
  • "At AlphaGraphics, we continue to develop strategies that allow our brand to grow across the United States," said Bill McPherson, vice president of franchise development.
  • The Franchise Times Top 500 is a comprehensive annual ranking of the 500 largest U.S. franchise systems by global systemwide sales based on the previous year's performance.
  • To qualify, a company must be a legal U.S. franchise, and franchisees must own at least 10% of the company's total units.

Kathleen Heroux joins Needham Bank as Vice President IT Operations Manager

Retrieved on: 
Wednesday, October 12, 2022
DIF, Shared services center, Bank, PMP, Managed services, Bachelor of Arts, Suffolk University, Operation, Microsoft, Senior, Technology, Journalism, Héroux, Cisco Systems, Industry, Arbella Insurance Group, Project management, Information technology, IT, FDIC, Management

NEEDHAM, Mass., Oct. 12, 2022 /PRNewswire/ -- Needham Bank announced that Kathleen Heroux joined the Information Technology department as Vice President IT Operations Manager.

Key Points: 
  • NEEDHAM, Mass., Oct. 12, 2022 /PRNewswire/ -- Needham Bank announced that Kathleen Heroux joined the Information Technology department as Vice President IT Operations Manager.
  • Reporting to James Gordon, Senior Vice PresidentInformation Technology, Ms. Heroux is responsible for managing the day-to-day coordination of IT systems and staff.
  • Ms. Heroux most recently served as the IT Service Center Manager for Arbella Insurance.
  • Known as the "Builder's Bank," Needham Bank has been helping individuals, businesses and non-profits build for their futures since 1892.

DTS Proudly Opens New IT Service Center, Expansion Brings Career Opportunities to Rural Indiana, Pennsylvania

Retrieved on: 
Wednesday, October 12, 2022
LinkedIn, Shared services center, Pennsylvania CareerLink, Public sector, Gaps, Education, Computer security, DTS, Twitter, Program, Service-Disabled Veteran-Owned Small Business, Fractional CIO, Fraction, Maintenance, Small business, Risk management

ARLINGTON, Va., Oct. 12, 2022 /PRNewswire-PRWeb/ --New IT Service Center in Indiana, PA supports cybersecurity operations; DTS partners with local PA CareerLink

Key Points: 
  • DTS' new IT Service Center in Indiana, Pennsylvania will serve as a hub to assist customers with improving and maintaining their cybersecurity posture.
  • Located on Gompers Avenue, the DTS IT Service Center will serve as a hub to assist customers with improving and maintaining their cybersecurity posture.
  • DTS partnered with PA CareerLink to find and develop highly skilled employees to support the IT Service Center.
  • "The IT Service Center supports the local community with high-paying, challenging career opportunities, while supplementing our growing cybersecurity practice," explained Tuorinsky.