Georgian Industrial Group

Houlihan Lokey Adds Veteran Banker to Industrials Group

Retrieved on: 
Wednesday, December 13, 2023
Other Energy, Utilities, Oil, Gas, Finance, Energy, Consulting, Banking, Professional Services, RBC, NYSE, Georgian Industrial Group, Houlihan Lokey, Moelis & Company, Senior, RBC Capital Markets, Equipment, Financial services, Refinitiv

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Rob Kordas has joined the firm as a Managing Director in its Industrials Group.

Key Points: 
  • Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Rob Kordas has joined the firm as a Managing Director in its Industrials Group.
  • “Rob brings a depth of sector knowledge, transaction experience, and dedication to client focus to our industrials team that is critical to our success,” said Bill Peluchiwski, Senior Managing Director and Global Head of Industrials at Houlihan Lokey.
  • Houlihan Lokey’s Industrials Group combines deep end-market expertise, transaction experience, and market relationships to deliver superior outcomes for clients across the industrials landscape.
  • 1 investment banking M&A advisor for all U.S. industrials transactions based on data from Refinitiv, excluding accounting firms and brokers.

Air Industries Group Announces Results for Third Quarter Ended September 30, 2023 and Comments on Business Outlook

Retrieved on: 
Wednesday, December 6, 2023
Aerospace, Manufacturing, Other Transport, Air, Transport, Other Manufacturing, Other Defense, Steel, Defense, Contracts, Engineering, Aircraft, EBITDA, Nine Months, Acquisition, Georgian Industrial Group, NYSE, Interest, Optimism, Video game, Cryptocurrency, Atmosphere of Earth

Commenting on the recent results, Lou Melluzzo, CEO of Air Industries Group, expressed optimism about the Company’s trajectory: “Our third quarter of 2023 was challenging and was impacted by shortages of critical raw materials for a certain product.

Key Points: 
  • Commenting on the recent results, Lou Melluzzo, CEO of Air Industries Group, expressed optimism about the Company’s trajectory: “Our third quarter of 2023 was challenging and was impacted by shortages of critical raw materials for a certain product.
  • Gross profit margin was 10.0% of sales for the third quarter of 2023, 16.4% of sales for the second quarter of 2023, and 16.9% for the third quarter of 2022.
  • Interest and financing costs for the three months ended September 30, 2023 were $516,000 compared with $480,000 in the second quarter of 2023, and $323,000 for the three months ended September 30, 2022.
  • Adjusted EBITDA for the nine months ended September 30, 2023 was $1.3 million.

Air Industries Group Announces Improved Operating Results for Second Quarter Ended June 30, 2023 and Provides Comments on Business Outlook

Retrieved on: 
Tuesday, August 8, 2023
Aerospace, Manufacturing, Other Transport, Air, Transport, Other Manufacturing, Other Defense, Steel, Defense, Contracts, Engineering, Q2, U.S. Department of Defense Strategy for Operating in Cyberspace, EBITDA, Interest, Investment, Georgian Industrial Group, NYSE, Video game, Cryptocurrency

Commenting on the recent results, Lou Melluzzo, CEO of Air Industries Group, said, “I am pleased that we delivered both top-line and bottom-line improved performance during the second quarter of 2023.

Key Points: 
  • Commenting on the recent results, Lou Melluzzo, CEO of Air Industries Group, said, “I am pleased that we delivered both top-line and bottom-line improved performance during the second quarter of 2023.
  • Second quarter 2023 net sales were lower by $803,000 or (5.7%) compared with sales of $14.0 million reported for the second quarter of 2022.
  • Second quarter 2023 gross profit was lower by $253,000 or (10.5%) compared with $2.4 million in the second quarter of 2022.
  • Operating expenses for the second quarter of 2023 were $2.1 million, slightly higher than $2.0 million in the first quarter of 2023, and lower than $2.2 million in the 2022 second quarter.

Air Industries Group Announces Preliminary Unaudited Financial Results for the Twelve Months Ended December 31, 2022

Retrieved on: 
Wednesday, April 19, 2023
Aerospace, Manufacturing, Other Transport, Air, Transport, Other Manufacturing, Other Defense, Steel, Defense, Contracts, Engineering, U.S. Department of Commerce Office of Security, Term Asset-Backed Securities Loan Facility, U.S. Department of Defense Strategy for Operating in Cyberspace, Term loan, Georgian Industrial Group, Form 10-K, EBITDA, Webster Bank, Form, Loan, NYSE, Credit Accumulation and Transfer Scheme, Cryptocurrency, Security (finance)

Air Industries Group (NYSE American: AIRI) (“Air Industries” or the “Company”), an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, today announced its preliminary, unaudited financial results for the year ended December 31, 2022.

Key Points: 
  • Air Industries Group (NYSE American: AIRI) (“Air Industries” or the “Company”), an integrated Tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense, today announced its preliminary, unaudited financial results for the year ended December 31, 2022.
  • PRELIMINARY & UNAUDITED FINANCIAL RESULTS:
    As of the date of this press release, the following reflects preliminary and unaudited financial data for the year ended December 31, 2022:
    Consolidated net sales revenues in 2022 are expected to approximate $53.2 million, a decrease of 9.7% as compared to the $58.9 million achieved in 2021.
  • This represents no change to the preliminary net sales amounts discussed on the Company’s year-end conference call held on April 4, 2023.
  • Adjusted EBITDA, a Non-GAAP financial measure, is expected to approximate $3.3 million in 2022 as compared to the $6.3 million reported in 2021.

Emera Inc. Subsidiary Nova Scotia Power Reaches Settlement Agreement on General Rate Application, Including Fuel and Non-fuel Rates for 2023 and 2024

Retrieved on: 
Thursday, November 24, 2022
Alternative Energy, Energy, Utilities, Oil, Gas, Investment, Toronto Stock Exchange, Inc., Carbon, Barbados Stock Exchange, DSM, Nova Scotia Power, Georgian Industrial Group, Environment, News, Energy demand management, Risk, Nova Scotia Utility and Review Board, TSX, Weather, Small business, FAM, Nova, The Bahamas, GRA, NS, Dalhousie University, Industrial group, SEDAR, Electricity, Bahamas Securities Exchange, EMA, Pharmaceutical industry, Risk management, Emera, TECO Energy

Emera Inc. (TSX: EMA) and its wholly-owned subsidiary Nova Scotia Power (NS Power) announced today that NS Power has filed a proposed settlement agreement for its 2022-2024 General Rate Application (GRA) with the Nova Scotia Utility and Review Board (UARB).

Key Points: 
  • Emera Inc. (TSX: EMA) and its wholly-owned subsidiary Nova Scotia Power (NS Power) announced today that NS Power has filed a proposed settlement agreement for its 2022-2024 General Rate Application (GRA) with the Nova Scotia Utility and Review Board (UARB).
  • If approved by the UARB, the settlement will implement Bill 212, the provincially legislated cap on non-fuel rates for 2023 and 2024.
  • Nova Scotia Power Inc. is a wholly-owned subsidiary of Emera Inc. (TSX-EMA), a diversified energy and services company.
  • Nova Scotia Power provides 95% of the generation, transmission and distribution of electrical power to approximately 540,000 residential, commercial and industrial customers across Nova Scotia.

Harris Williams Advises Crete Mechanical Group on its Partnership with Ridgemont Equity Partners

Retrieved on: 
Thursday, June 2, 2022
Professional Services, Other Professional Services, Other Construction & Property, Finance, Construction & Property, Building Systems, Banking, Financial Conduct Authority, Corporate services, Harris Williams & Co., Company, Partnership, Education, Government, SIPC, HRB, Registrar, Investment, VAT-free imports from the Channel Islands, Accounting, Georgian Industrial Group, Farringdon Road, Technology, EPI, Ridgemont Equity Partners, NYSE, PNC, CMG, Owner-operator, HVAC, Engineering, Health, Financial system, FINRA, View, Defence Estate and Infrastructure Group, Financial services, Sales

Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Crete Mechanical Group (CMG), a leading provider of HVAC, electrical, plumbing, and building automation services to commercial, industrial, multi-family, government, healthcare, education, and other end markets, on its partnership with Ridgemont Equity Partners (Ridgemont).

Key Points: 
  • Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Crete Mechanical Group (CMG), a leading provider of HVAC, electrical, plumbing, and building automation services to commercial, industrial, multi-family, government, healthcare, education, and other end markets, on its partnership with Ridgemont Equity Partners (Ridgemont).
  • CMG delivers best-in-class HVAC and mechanical services expertise to a diverse customer base, said Luke Semple, a managing director at Harris Williams.
  • The Harris Williams Business Services Group has experience advising companies that provide a range of commercial, industrial and professional services.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

Harris Williams Advises Southwire Company, LLC on its Acquisition of Novinium, Inc.

Retrieved on: 
Tuesday, April 12, 2022
Professional Services, Utilities, Manufacturing, Energy, Finance, Other Manufacturing, Banking, Vat 69, Financial Conduct Authority, Electric power infrastructure on Bornholm, OEM, HRB, LLC, Metal-clad airship, PNC, Farringdon Road, SIPC, Engineering, Registrar, Technology, Georgian Industrial Group, Method, Spitzer, NYSE, Company, Harris Williams & Co., FINRA, Acquisition, View, EPI, Financial system, Television, Sales, Rail transport

The transaction was led by Drew Spitzer , Matt White and Thomas Saunders of the Harris Williams Energy, Power & Infrastructure (EPI) Group .

Key Points: 
  • The transaction was led by Drew Spitzer , Matt White and Thomas Saunders of the Harris Williams Energy, Power & Infrastructure (EPI) Group .
  • This acquisition allows Southwire to establish a platform for critical, outsourced field services and create additional touchpoints with its customers, added Matt White, a managing director at Harris Williams.
  • Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

Harris Williams Advises Kane Logistics on its Sale to ID Logistics

Retrieved on: 
Monday, April 4, 2022
Professional Services, Logistics, Supply Chain Management, Transport, Finance, Consulting, Banking, Other Transport, EBITDA, EH&S, Financial Conduct Authority, Georgian Industrial Group, Kane, Financial system, Harris Williams & Co., Sale, Pleasure, Investment, ID, Transport, CSR, Growth, NYSE, SIPC, TICC, HRB, FINRA, VAT-free imports from the Channel Islands, Farringdon Road, Health, Ticker, ISIN, View, Industry, Technology, PNC, Harkness, Â, Policy, Solution, Beauty, TGW Logistics Group, Registrar, Company, EH, Food, Partnership, Warehouse

Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Kane Logistics (Kane), a portfolio company of Harkness Capital Partners (Harkness), on its sale to ID Logistics.

Key Points: 
  • Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Kane Logistics (Kane), a portfolio company of Harkness Capital Partners (Harkness), on its sale to ID Logistics.
  • The transaction was led by Frank Mountcastle and Jonathan Meredith of the Harris Williams Transportation & Logistics (T&L) Group .
  • It was a pleasure to work with Kane and Harkness on this transaction, added Jonathan Meredith, a director at Harris Williams.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

Harris Williams Advises Owen Equipment Company on its Sale to Wynnchurch Capital, Ltd.

Retrieved on: 
Monday, November 15, 2021
Professional Services, Other Energy, Other Professional Services, Utilities, Energy, Finance, Banking, Harris Williams & Co., Owen, Maintenance, View, HRB, Pleasure, Engineering, Electric power infrastructure on Bornholm, Financial Conduct Authority, Technology, Growth, VAT-free imports from the Channel Islands, Financial system, Farringdon Road, FINRA, Company, Registrar, Sale, Partnership, EPI, Solution, PNC, NYSE, Georgian Industrial Group, SIPC, Financial services

Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Owen Equipment Company (Owen), a portfolio company of CenterGate Capital (CenterGate), on its sale to Wynnchurch Capital, Ltd. (Wynnchurch).

Key Points: 
  • Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Owen Equipment Company (Owen), a portfolio company of CenterGate Capital (CenterGate), on its sale to Wynnchurch Capital, Ltd. (Wynnchurch).
  • During its partnership with CenterGate, Owen achieved remarkable growth, expanding into new equipment offerings and geographies.
  • As a market leading platform, Owen is well-positioned to capitalize on long-term tailwinds across the markets it serves, added Neha Shah, a director at Harris Williams.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

Hydrogen Heavy Duty Vehicle Industry Group Partners to Standardize Hydrogen Refueling, Bringing Hydrogen Closer to Wide Scale Adoption

Retrieved on: 
Friday, October 8, 2021
Hydrogen, Transfer, ACT, Water, D, ESG, Climate change, Electricity, Humanity, Robotics, University, Goal, Commerce, Time, The Hague, Safety, SEC, Nikola Corporation, CO2, ZEVS, Industry, Hyundai, Plasma propulsion engine, Marketing, Hyundai Motor Company, BEV, U.S. Securities and Exchange Commission, Pascal (unit), Solution, NextEnergy Solar Fund, Shell, FCEV, Atmosphere, EV, Carbon, Acceleration, Bev, Multimedia, TMNA, City, Private Securities Litigation Reform Act, Forward-looking statement, Oxygen, UAM, Natural gas, Urban air mobility, Tatsuno, Hyōgo, Georgian Industrial Group, Transport, Greenhouse, Air Liquide, Security (finance), Hyundai Motor Group, Royal Dutch Shell, Hyundai ix35 FCEV, Propane, Electric power industry, Motor vehicle, Renewable energy, Mobile phone

This builds upon the collaboration of the hydrogen industry that achieved a global standard fueling interface for light-duty fuel cell electric vehicles.

Key Points: 
  • This builds upon the collaboration of the hydrogen industry that achieved a global standard fueling interface for light-duty fuel cell electric vehicles.
  • "Together with other industry players, Nikola is pushing the development and introduction of the new H70HF standard.
  • "This effort is a prime example of industry competitors working together towards a common goal of decarbonization.
  • Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy.