South Jersey

DXP Enterprises, Inc. Announces Acquisition of Kappe Associates, Inc.

Retrieved on: 
Monday, February 5, 2024
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, DXPE, Water, South Jersey, Depreciation, DXP, Acquisition

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Kappe Associates, Inc. (“Kappe”).

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Kappe Associates, Inc. (“Kappe”).
  • Kappe is a leading distributor and manufacturers representative of pumps, controls and process equipment focused on serving the water and wastewater industry.
  • DXP funded the acquisition with cash from the balance sheet.
  • “We are pleased to announce the acquisition of Kappe and start the year with great additions to our water and wastewater growth efforts.

Sodexo’s InReach Acquires K&R Vending Services

Retrieved on: 
Tuesday, January 9, 2024
Retail, Convenience Store, Food, Beverage, Family, Satellite emergency notification device, Culture, Partnership, South Jersey, Delaware Valley, Acquisition, Water, K&R, Eastern Shore of Maryland, Soft drink

Sodexo’s InReach, the global foodservice leader’s multimarket convenience solution, announces the acquisition of K&R Vending Services headquartered in New Castle, Del.

Key Points: 
  • Sodexo’s InReach, the global foodservice leader’s multimarket convenience solution, announces the acquisition of K&R Vending Services headquartered in New Castle, Del.
  • “The InReach team is excited to welcome the K&R team to the family,” said InReach President, Ken Sullivan.
  • “This is an exciting step forward for both K&R Vending Services and InReach,” said K&R President, Bradlee Whitson.
  • InReach offerings include micro markets, vending, office coffee, pantry, water, catering, fresh food, and on-site food service.

COMCAST AND UNITED WAY ANNOUNCE EXPANSION OF DIGITAL NAVIGATOR SUPPORT TO HELP CONNECT MORE GREATER PHILADELPHIA RESIDENTS TO THE INTERNET

Retrieved on: 
Thursday, October 5, 2023
Affordable Connectivity Program, Partnership, Digital divide, Senior, Wi-Fi, United Way, Armenia School Connectivity Program, Student, William Penn Foundation, Delaware Valley, Organization, Internet, Xfinity, Project, Media Fellowship House, Digital, Criticism of Comcast, Navigator, Literacy, Federal, School District of Philadelphia, ACP, School district, Work, Satellite navigation device, Television, Mobile phone, Online shopping, Comcast, South Jersey, City, YWCA

PHILADELPHIA, Oct. 5, 2023 /PRNewswire/ -- Comcast and the United Way of Greater Philadelphia and Southern New Jersey today announced the expansion of an innovative Digital Navigator Network that currently serves Philadelphia residents. Digital Navigators are trusted individuals who work at community organizations to help people sign up for internet service and learn digital skills. Starting November 2023, residents of Bucks, Chester, Delaware, and Montgomery counties will also be able to take advantage of support for questions about digital access and where to learn digital literacy skills by dialing 2-1-1. The service expansion is supported by a $317,000 grant from Comcast that is part of Project UP, the company's $1 billion commitment to advance digital equity.

Key Points: 
  • To Celebrate Digital Inclusion Week, Comcast Also Donates 400 Laptops to Eight Nonprofits
    PHILADELPHIA, Oct. 5, 2023 /PRNewswire/ -- Comcast and the United Way of Greater Philadelphia and Southern New Jersey today announced the expansion of an innovative Digital Navigator Network that currently serves Philadelphia residents.
  • Digital Navigators are trusted individuals who work at community organizations to help people sign up for internet service and learn digital skills.
  • Comcast's partnership to scale the United Way's Digital Navigator Network builds on the company's long-standing commitment to bridge the digital divide in Pennsylvania.
  • Digital Navigators will help residents address the barriers that prevent some people from getting online – namely digital skills and access to devices.

Salon Freedom Acquires 9 Sola Salons Locations in Houston; Expanding Operator's Presence into Texas

Retrieved on: 
Monday, August 14, 2023
Sola, Culture, Beauty, Dream, Acquisition, South Jersey, Entrepreneurship, Growth, Environment, Beauty salon, South Central Pennsylvania

BOULDER, Colo., Aug. 14, 2023 /PRNewswire/ -- Salon Freedom Holdings, LLC ("Salon Freedom"), the fastest growing and largest operator of franchised Sola Salons is pleased to announce the successful acquisition of 9 Sola locations in the Houston, Texas market. This acquisition expands Salon Freedom's market presence into Texas, adding to existing operations in Pennsylvania, New Jersey, and Tennessee.

Key Points: 
  • BOULDER, Colo., Aug. 14, 2023 /PRNewswire/ -- Salon Freedom Holdings, LLC ("Salon Freedom"), the fastest growing and largest operator of franchised Sola Salons is pleased to announce the successful acquisition of 9 Sola locations in the Houston, Texas market.
  • This strategic purchase represents a significant milestone for Salon Freedom as it strengthens its presence in one of the nation's most dynamic and diverse markets.
  • "We're proud of the platform the Salon Freedom team is building," said Todd Recknagel, Chairman of the Board for Salon Freedom.
  • "Franchisees like Salon Freedom continue to elevate Sola as the most dominant brand in the salon studios segment," said Christina Russell, CEO of Salon Studios.

Logistics Property Company Closes $1.8 Billion Venture Two Industrial Real Estate Fund

Retrieved on: 
Tuesday, November 8, 2022
Supply Chain Management, Retail, Transport, Logistics, Supply Chain Management, Commercial Building & Real Estate, Construction & Property, Aurora, Acquisition, Macquarie Group, ESG, Calendar, Ospraie Management, LLC, Ferry Road, LLC, CA, Investment, Foot, Multimedia, LPC, Intellectual Ventures I LLC v. Symantec Corp., Financial services, Warehouse, South Jersey

Logistics Property Company, LLC (LPC) closed its second develop-to-core fund, LPC Logistics Venture Two LP, (Venture II) with total equity commitments of $1.8 billion from several global institutional investors and co-investment by LPC.

Key Points: 
  • Logistics Property Company, LLC (LPC) closed its second develop-to-core fund, LPC Logistics Venture Two LP, (Venture II) with total equity commitments of $1.8 billion from several global institutional investors and co-investment by LPC.
  • LPC launched its inaugural develop-to-core venture in August 2019, raising $1 billion of equity commitments from global institutional investors (Venture I) and LPC.
  • LPC appreciated the number of investors from Venture I who committed to Venture II and is proud to add several new major institutions to participate in Venture II.
  • Logistics Property Company, LLC (LPC) is an industrial real estate company focused on the acquisition, development, and management of modern logistics properties.

Republic First Bancorp, Inc. Announces Cooperation Agreement with Driver Management

Retrieved on: 
Tuesday, October 4, 2022
Federal Deposit Insurance Corporation, India–Singapore Comprehensive Economic Cooperation Agreement, NASDAQ, U.S. Securities and Exchange Commission, Annual general meeting, SEC, Review, FDIC, CARD, Knowledge, Texas Capital Bank, Private Securities Litigation Reform Act, THE, ALL, South Jersey, Republic First Bancorp, Annual report, Goal, Peter, Sumathi Best Television Current Reporting Award, LLC, Republic Bank, Board of directors, Interim, Prejudice, Board, ATM, Company, Bank, Management, Security (finance)

PHILADELPHIA, Oct. 4, 2022 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the "Company"), the holding company for Republic First Bank d/b/a Republic Bank (the "Bank"), today announced it has entered into a multi-year cooperation agreement (the "Cooperation Agreement") with Driver Management Company LLC and its affiliates (collectively, "Driver Management"), which together own 1,680,197 shares of the Company's outstanding common stock.

Key Points: 
  • PHILADELPHIA, Oct. 4, 2022 /PRNewswire/ -- Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company"), the holding company for Republic First Bank d/b/a Republic Bank (the "Bank"), today announced it has entered into a multi-year cooperation agreement (the "Cooperation Agreement") with Driver Management Company LLC and its affiliates (collectively, "Driver Management"), which together own 1,680,197 shares of the Company's outstanding common stock.
  • "Driver Management is appreciative of the collaborative and constructive approach taken by the Board in reaching this Cooperation Agreement.
  • Longacre Square Partners and LDG Advisory, LLC served as advisors to Driver Management in connection with the Cooperation Agreement.
  • Republic First Bancorp, Inc. is the holding company for Republic First Bank, which does business under the name Republic Bank.

Firstrust Announces Timothy J. Abell Will Become CEO; Richard J. Green to Serve as Executive Chairman

Retrieved on: 
Thursday, September 8, 2022
Gingival recession, Abell, CEO, Technology, Nation, Samuel, Philadelphia Eagles, FDIC, Green, Small Business Administration, SBA, Solution, Board, Executive, Official bank rate, Pandemic, Financial technology, Multimedia, Leadership, Great Recession, Director, Growth, FleetBoston Financial, Love, Bank, Drug, Management, South Jersey, Delaware Valley, MD

Green, who has spent his 45 year banking career building Firstrust, will become the Executive Chairman of the Board of Directors.

Key Points: 
  • Green, who has spent his 45 year banking career building Firstrust, will become the Executive Chairman of the Board of Directors.
  • As Tim Abell becomes CEO, Richard, in turn, will focus more fully on Firstrust's continued growth as well as the expanding philanthropic work of The Green Family Foundation.
  • "Tim Abell is an exceptional banker and charismatic leader who lives and breathes the Firstrust culture and our commitment to our customers and the community," Green said.
  • He will oversee the day-to-day operations of Firstrust, as well as its Apex Commercial Capital, Firstrust Financial Resources and Hatch Bank subsidiaries.

American Water Charitable Foundation Awards $1.5 Million through Water and Environment Grant Program

Retrieved on: 
Tuesday, August 23, 2022
Other Philanthropy, Utilities, Finance, Energy, Banking, Professional Services, Philanthropy, Foundation, People, STEM, The Nature Conservancy, City, Organization, Environment, Western Pennsylvania Conservancy, Twitter, North Branch Land Trust, United States House Transportation Subcommittee on Water Resources and Environment, Pittsburgh Botanic Garden, Friends, Water, Boys & Girls Club, History, ESG, Water quality, Towson University, American Water, Work, LinkedIn, Occoquan, Community, Lehigh Valley, NYSE, Learning, Education, Hazelwood School District, Pharmaceutical industry, Tunnel, Facebook, Delaware Valley, American, South Jersey

The American Water Charitable Foundation , a 501(c)(3) organization established by American Water, the largest publicly traded U.S. water and wastewater utility company, announced today it awarded a combined total of $1.5 million to 36 organizations in 12 states, supporting communities served by American Water through the 2022 Water and Environment grant program.

Key Points: 
  • The American Water Charitable Foundation , a 501(c)(3) organization established by American Water, the largest publicly traded U.S. water and wastewater utility company, announced today it awarded a combined total of $1.5 million to 36 organizations in 12 states, supporting communities served by American Water through the 2022 Water and Environment grant program.
  • The American Water Charitable Foundation is pleased to partner with organizations across American Waters footprint to provide equitable and accessible projects and programs focused on clean water, conservation, environmental education and water-based recreation, said Carrie Williams, president, American Water Charitable Foundation.
  • The Water and the Environment grant is part of the Keep Communities Flowing Grant Program, which focuses on three pillars of giving: Water, People and Communities.
  • Learn more about the American Water Charitable Foundation and the 2022 Keep Communities Flowing Grant Program, including grant opportunities focused on Workforce Readiness and STEM Education here .

Generational Equity Advises Warren Truss in its Sale to Stark Truss

Retrieved on: 
Friday, July 15, 2022
Other Manufacturing, Commercial Building & Real Estate, Construction & Property, Finance, Consulting, Engineering, Professional Services, Building Systems, Manufacturing, Residential Building & Real Estate, Acquisition, STC, WTC, Equity (finance), Boundedly generated group, M&A, Industry, Sale, Company, Senior, Truss, South Jersey, Eastern Shore of Maryland, Education, State, Lehigh Valley, Financial services, Lumber

Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Warren Truss Co. to Stark Truss Company, Inc.

Key Points: 
  • Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Warren Truss Co. to Stark Truss Company, Inc.
  • Located in Newark, Delaware, Warren Truss Co. (WTC) is the oldest privately owned and operated wooden truss manufacturer in Delaware.
  • Then layouts and individual truss drawings will be generated and shown to the customer exactly what we will be provided.
  • Generational Equity , Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors , Generational Consulting Group , and DealForce are part of the Generational Group , which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

Jim Cawley Appointed Interim President of Rosemont College

Retrieved on: 
Friday, June 3, 2022
Faculty, Director, Search Committee, Temple University, Time, School, Bucks County Community College, Income, Sister, CEO, South Jersey, Government, United Way, University, Student, Health, College, Society of the Holy Child Jesus, Institution, Board, Oblate Sisters of the Holy Child Jesus, Catholic (term), Board of directors, Lieutenant, Manor College, Education, Lee University, Management, Medicine, Delaware Valley, Rosemont College, Trustee

ROSEMONT, Pa., June 3, 2022 /PRNewswire/ -- Rosemont College today announced that its Board of Trustees has unanimously approved the appointment of Jim Cawley as interim President, effective June 21. Dr. Jayson Boyers, who began his tenure as Rosemont College's 14thPresident in 2020, has resigned to pursue another opportunity in higher education.

Key Points: 
  • ROSEMONT, Pa., June 3, 2022 /PRNewswire/ -- Rosemont College today announced that its Board of Trustees has unanimously approved the appointment of Jim Cawley as interim President, effective June 21.
  • With deep experience in the higher education, government and nonprofit sectors, Mr. Cawley most recently served as Temple University's Vice President of Institutional Advancement from 2017 to 2021.
  • Additionally, he served on the board of Temple University, as well as Bucks County Community College and Manor College.
  • "I'm honored to accept the role of interim President of Rosemont College," said Mr. Cawley.