Professional Services

Cerium Laboratories Goes “Above and Beyond” for Texas National Guard Employee

Retrieved on: 
Saturday, December 3, 2022

Austin-based Cerium Laboratories was presented with the Above and Beyond Award from the Employer Support of the Guard and Reserve (ESGR) on November 21.

Key Points: 
  • Austin-based Cerium Laboratories was presented with the Above and Beyond Award from the Employer Support of the Guard and Reserve (ESGR) on November 21.
  • ESGR recognized Cerium for their support of Dr. Will Flanagan while away as a Texas Army National Guardsman at Army Airborne School and Operation Lone Star.
  • Cerium went Above and Beyond by maintaining Dr. (First Lieutenant) Flanagans benefits and a portion of his pay while away for his National Guard duties.
  • We owe a great deal of gratitude for the service and sacrifices of the Texas National Guard.

The Law Offices of Frank R. Cruz Announces Investigation of Generac Holdings Inc. (GNRC) on Behalf of Investors

Retrieved on: 
Saturday, December 3, 2022

The Law Offices of Frank R. Cruz announces an investigation of Generac Holdings Inc. (Generac or the Company) (NYSE: GNRC ) on behalf of investors concerning the Companys possible violations of federal securities laws.

Key Points: 
  • The Law Offices of Frank R. Cruz announces an investigation of Generac Holdings Inc. (Generac or the Company) (NYSE: GNRC ) on behalf of investors concerning the Companys possible violations of federal securities laws.
  • On this news, Generacs stock price fell $3.31, or 1.23%, to close at $264.99 per share on August 1, 2022.
  • On this news, Generacs stock price fell $37.44, or 25.3%, to close at $110.30 per share on October 19, 2022, thereby injuring investors.
  • On this news, Generacs stock price fell $8.99, or 7.8%, to close at $105.71 per share, thereby injuring investors further.

The CONAM Group Acquires Rockledge Flats, a 247-unit Apartment Community in Rockledge, Florida

Retrieved on: 
Friday, December 2, 2022

CONAM Multifamily Partners Fund III, a discretionary fund sponsored by The CONAM Group (CONAM), is pleased to announce the purchase of Rockledge Flats, a Class A, 247-unit multi-family apartment community near Floridas Space Coast in Rockledge, Florida, on October 19, 2022.

Key Points: 
  • CONAM Multifamily Partners Fund III, a discretionary fund sponsored by The CONAM Group (CONAM), is pleased to announce the purchase of Rockledge Flats, a Class A, 247-unit multi-family apartment community near Floridas Space Coast in Rockledge, Florida, on October 19, 2022.
  • View the full release here: https://www.businesswire.com/news/home/20221202005485/en/
    Rockledge Flats Exterior Image (Photo: CONAM)
    Completed in late 2021, the 10-acre luxury apartment community consists primarily of two four-story elevator-served structures housing 247 units.
  • The best-in-class apartment interiors boast 10 ceilings, abundant natural light, stainless steel appliances, quartz counters, ample storage and closet space, and full-size washers and dryers.
  • For more information on The CONAM Group, visit:

Mill Point Capital Partners with Seviroli Foods

Retrieved on: 
Friday, December 2, 2022

Seviroli Foods, Inc. (Seviroli), a leading manufacturer of frozen pasta and other food products, and Vertullo Imports LLC (Vertullo), a leading specialty food importer, announced that it has partnered with Mill Point Capital LLC (Mill Point), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and technology sectors in North America.

Key Points: 
  • Seviroli Foods, Inc. (Seviroli), a leading manufacturer of frozen pasta and other food products, and Vertullo Imports LLC (Vertullo), a leading specialty food importer, announced that it has partnered with Mill Point Capital LLC (Mill Point), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and technology sectors in North America.
  • Seviroli has been family-owned and operated since its founding in 1960 and provides a leading line of chef-inspired artisan-filled pastas, sauces and Italian desserts.
  • Joseph Seviroli Jr., CEO and second-generation owner of Seviroli, will continue in his role alongside President and COO Paul Vertullo and other key members of the management team.
  • Joseph Seviroli Jr. commented, We are excited to continue building upon my familys proud 62-year operating history alongside Mill Point.

Mobilitas Insurance Companies Name Senior Director of Business Development

Retrieved on: 
Friday, December 2, 2022

Mobilitas , the group of commercial insurance companies dedicated to providing insurance protection to the unique and emerging demands of the sharing economy and mobility sector, announced that Kate Kennedy has joined Mobilitas as Senior Director, Business Development.

Key Points: 
  • Mobilitas , the group of commercial insurance companies dedicated to providing insurance protection to the unique and emerging demands of the sharing economy and mobility sector, announced that Kate Kennedy has joined Mobilitas as Senior Director, Business Development.
  • View the full release here: https://www.businesswire.com/news/home/20221202005490/en/
    As Senior Director of Business Development for Mobilitas, Kate Kennedy will manage the company's business development program, with a focus on major accounts and large brokers.
  • (Photo: Business Wire)
    Kennedy will be responsible for the development, execution, and success of the Mobilitas business development program, with a focus on major accounts and large brokers.
  • The Mobilitas insurance companies offer commercial insurance built from the ground up to meet the unique needs of the mobility market, and provide creative, technology-driven insurance solutions that protect business needs.

SelectQuote, Inc. Announces Special Meeting to Approve Reverse Stock Split

Retrieved on: 
Friday, December 2, 2022

The Board may revoke the proposal and cancel the special meeting at any time if it determines that the reverse stock split is no longer in the best interests of the Company and its stockholders.

Key Points: 
  • The Board may revoke the proposal and cancel the special meeting at any time if it determines that the reverse stock split is no longer in the best interests of the Company and its stockholders.
  • Even if the meeting occurs and the amendment to the Certificate of Incorporation is approved, the Board may delay or abandon the reverse stock split at any time prior to the effective time of the reverse stock split if the Board determines that the reverse stock split is no longer in the best interests of the Company or its stockholders.
  • This communication may be deemed to be solicitation material in connection with the proposal to be submitted to the Companys stockholders at its special meeting seeking approval of an amendment to the Certificate of Incorporation to effect a reverse stock split (the Reverse Split Proposal).
  • In connection with the Reverse Split Proposal, the Company plans to file a preliminary proxy statement on Schedule 14A with the SEC.

Macquarie Global Infrastructure Total Return Fund Inc. Announces Monthly Distribution

Retrieved on: 
Friday, December 2, 2022

The Board of Directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (Fund) declared on December 2, 2022, a regular distribution for the month ending November 30, 2022 of $0.13 per share.

Key Points: 
  • The Board of Directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (Fund) declared on December 2, 2022, a regular distribution for the month ending November 30, 2022 of $0.13 per share.
  • Macquarie Global Infrastructure Total Return Fund Inc., a diversified closed-end fund, is listed on the New York Stock Exchange.
  • The Funds investment adviser is Delaware Management Company (Investment Adviser), a series of Macquarie Investment Management Business Trust, which is a subsidiary of Macquarie Management Holdings, Inc. (MMHI).
  • Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities.

New Wolters Kluwer annual accounting survey reveals how technology is helping firms tackle top 5 challenges and achieve 2023 goals

Retrieved on: 
Friday, December 2, 2022

(Graphic: Business Wire)

Key Points: 
  • (Graphic: Business Wire)
    Detailed findings from the Wolters Kluwer Annual Accounting Industry Survey are available in this white paper and an executive summary highlights top takeaways.
  • Firms using a cloud-based tax compliance solution reported higher revenue growth than traditional firms (7% to 4%, respectively).
  • In 2020, firms of all sizes were mired in navigating the daily challenges of a global pandemic.
  • Midsize and large firms are trying to keep current with technology and learn to use their technology more effectively.

AM Best Removes From Under Review With Developing Implications and Downgrades Credit Ratings of Western Health Advantage

Retrieved on: 
Friday, December 2, 2022

This rating actions reflect recent declines in absolute and risk-adjusted capitalization and lack of material improvement projected in the near term.

Key Points: 
  • This rating actions reflect recent declines in absolute and risk-adjusted capitalization and lack of material improvement projected in the near term.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Generac Holdings Inc. (GNRC)

Retrieved on: 
Friday, December 2, 2022

The Class: Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired Generac Holdings Inc. (NYSE: GNRC) common stock between April 29, 2021 and November 1, 2022.

Key Points: 
  • The Class: Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities who purchased or otherwise acquired Generac Holdings Inc. (NYSE: GNRC) common stock between April 29, 2021 and November 1, 2022.
  • What Now: Similarly situated shareholders may be eligible to participate in the class action against Generac.
  • Shareholders who want to act as lead plaintiff for the class must file their papers by January 30, 2022.
  • As a result of these disclosures, the price of Generac shares declined by $8.99 per share, or 8%.