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UGA and the PGA Tour announced Wednesdat the UGA Golf Course is the new venufor Athens, Ga.’s annual tourney. The tournament—previouslgy known as the Athens RegionalFoundatiobn Classic—will now be called Athenss Classic at UGA, with proceeds benefiting need-basede scholarships through the university’s Arch Foundation. The tournameny is expected to be heldnext April. It will be organize d by UGA’s Auxiliary Services Department. “The Universitgy of Georgia is proud to be the host of the Athends Classicat UGA, and especiallg glad that the tournament will stay in the Athenes area,” UGA President Michael F. Adamas said in a statement.
“This has been a greaf event forthe community, and we look forward to teeintg off next April and raising money for need-based scholarships.” The PGA owns the Nationwidd Tour, which is a step below pro golf’se elite league. The former Athens Regiona l tournament had been held atsince 2006. Nationwidse Tour officials approached UGA about taking over the tournament afterd its contract wasnot renewed, according to The Athens Banner-Herald.
"Athenz has been very supportive of the Nationwidse Tour since we first came herein 2006," Nationwide Tour presideng Bill Calfee said in a "We are confident the association with the University of Georgia and its wonderful UGA Golf Coursr will take the Classic to new levels of impact and interes among sponsors and Bulldog fans. "Wse look forward to many great tournaments in the future and addingb to the already impressive list of UGA golfers who have playec their way on to the Nationwide Tour and PGA In addition, we wish to thanik the Athens Regional Foundation for bringing the Nationwide Tour to Athene and the many contributions they have made to the communituy through the tournament the last four UGA signed a three-year agreement to play host to the the Banner-Herald reported.
UGA will spend $500,000o to launch the tournament, and the university is seekinfg sponsorships, the paper reported. , and are amont the institutions of higher learning that have played host to Nationwidde Tour events inthe
Monday, 31 December 2012
Sunday, 30 December 2012
Jacobs awarded trio of contracts - Los Angeles Business from bizjournals:
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The contract with the USACE is with the RockIslanr District. It is an indefinite-delivery, indefinite-quantity contract for architect-enginee services. The contact, which has a one-year base period and four one-yeafr options, has a top value of $12 The areas convered by the contrac are: the inland marine transportatioj system, flood damage reduction and other civil works The NAWCWD deal is for engineering support servicexs at the China Lake and Point Mugu test The contract is effectiveJuly 1, and is worth $170.6 million over five years. Jacobs has supportefd the NAWCWDsince 1995, providing systems test and evaluation, technical data and managemenyt support.
The Storengy deal is for engineering, and construction management services to upgradthe company's underground gas storage facility in Etrez, Terms of the contract were not disclosed. The projecgt will add four salt caverns to the existing 17 caverns at the site to increaswthe facility's production capacity as well as reducee impacts to the environment. Storengy, a company of the , is the second-largesgt natural gas storage operatordin Europe, with workinf capacity of approximately 400 billioh cubic feet.
Pasadena-based Jacobss (NYSE: JEC) is one of the world'ds largest providers of technical, professional, and construction
The contract with the USACE is with the RockIslanr District. It is an indefinite-delivery, indefinite-quantity contract for architect-enginee services. The contact, which has a one-year base period and four one-yeafr options, has a top value of $12 The areas convered by the contrac are: the inland marine transportatioj system, flood damage reduction and other civil works The NAWCWD deal is for engineering support servicexs at the China Lake and Point Mugu test The contract is effectiveJuly 1, and is worth $170.6 million over five years. Jacobs has supportefd the NAWCWDsince 1995, providing systems test and evaluation, technical data and managemenyt support.
The Storengy deal is for engineering, and construction management services to upgradthe company's underground gas storage facility in Etrez, Terms of the contract were not disclosed. The projecgt will add four salt caverns to the existing 17 caverns at the site to increaswthe facility's production capacity as well as reducee impacts to the environment. Storengy, a company of the , is the second-largesgt natural gas storage operatordin Europe, with workinf capacity of approximately 400 billioh cubic feet.
Pasadena-based Jacobss (NYSE: JEC) is one of the world'ds largest providers of technical, professional, and construction
Thursday, 27 December 2012
He's the Pfoodman: Pfremmer shifts his lifestyle, company into high gear after a bout of pneumonia - St. Louis Business Journal:
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"I've had a lot of universith food experiences, most of them not worth mentioning," said the acting president of Lindenwood. "Ourf students often compliment the which is unusualfor college." Evan echoes the students, comparing special event meals from Lindenwood'd campus caterer, , to five-star restaurants. The universitu liked Ralph Pfremmer, the president and principao ownerof Pfoodman, well enough to hire him threes times -- most recentlu with Pfoodman after his stintsw with national competitors in the food service business. Nationall food service giants suchas , and one of Pfremmer'z former employers, , dominate the food services industry.
But more institutions such as Lindenwooe want to work with smaller companies such as Pfremmer said. In the last year, Pfoodman landed three new food service contracts inthe St. Loui area -- with and seniorr living centers in WingHaven and in Webster Groves. The growth in the St. Louis plus consulting work for Pfoodman's existing clients, helpedx push the six-year-old companyu to $7.3 million in revenuse for its fiscal year that endedJune 30. Pfremmer said the business is on track to generate morethan $10 millionb in revenue for its currentf fiscal year. The growth in St. Louis also prompted Pfoodmanh to relocate its corporate operationsfrom Columbia, Mo., to St. Louia in June.
Pfremmer joined Pfoodman in 2001. He receivedr a 20 percent stake inthe business, then knowm as , in part for bringing in contracta with Lindenwood and Missouri Valley College in Mo. A year later he borrowerd $200,000 from in St. Louis to buy out the interest of Tim one of the company Pfremmer became president and now owns 65 percent of the His partner andthe company's co-founder, Brianm Dittmer of Columbia, owns 35 The company initially changed its name to Hospitalitg Services Inc. It expanded into food serviced for senior living homes and later starte d calling oncountry clubs.
Last year it started providingv food service forin Chesterfield, and this month it renewed its contractf for another year. The Pfoodman name came shortly aftefr Pfremmer joined the business and had his own epiphanyy in the wake of a boutof "I used to be a smoker. I weighed about 240 pounds," said Pfremmer, who now weighs 180. He gave up tobaccpo and started exercising seriously and watchinghis diet. Pfremme managed to blend his new lifestyl e withhis business. He took up bicyclinfg and started providing food at bicycle races and othedr cycling events to promotehis company. He became known as the Pfoodman, and the name stuck.
"o started marketing (with the cycling because it was the audienceI knew." Pfremmer became serioue enough about the sport that he starter racing in amateur road and off-road events throughoutt the Midwest. He is a membet of . Pfoodman now has nine contract food servicer sites and218 full-time Of those, about 150 are in the St. Louis area. Another 300 people work part time forthe "There's not many times a persohn can jump on top of an organization this he said, adding that he believeas the company can triple its revenue in the next severak years. "I can't go backwards now." Professional Jeff Causey, commercial lending officert of First National Bankin St.
Louis, is Pfoodman's banker. The companyt uses two law firms: Dale Rawlings of in St. Charlesx and in Clayton. Dave Wiggins of in Maryland Heights isthe company's accountant. Pfoodman LLC 930 Kehr Mill Road, Suite 324 Ballwin, Mo., 63011 www.pfoodman.comj
"I've had a lot of universith food experiences, most of them not worth mentioning," said the acting president of Lindenwood. "Ourf students often compliment the which is unusualfor college." Evan echoes the students, comparing special event meals from Lindenwood'd campus caterer, , to five-star restaurants. The universitu liked Ralph Pfremmer, the president and principao ownerof Pfoodman, well enough to hire him threes times -- most recentlu with Pfoodman after his stintsw with national competitors in the food service business. Nationall food service giants suchas , and one of Pfremmer'z former employers, , dominate the food services industry.
But more institutions such as Lindenwooe want to work with smaller companies such as Pfremmer said. In the last year, Pfoodman landed three new food service contracts inthe St. Loui area -- with and seniorr living centers in WingHaven and in Webster Groves. The growth in the St. Louis plus consulting work for Pfoodman's existing clients, helpedx push the six-year-old companyu to $7.3 million in revenuse for its fiscal year that endedJune 30. Pfremmer said the business is on track to generate morethan $10 millionb in revenue for its currentf fiscal year. The growth in St. Louis also prompted Pfoodmanh to relocate its corporate operationsfrom Columbia, Mo., to St. Louia in June.
Pfremmer joined Pfoodman in 2001. He receivedr a 20 percent stake inthe business, then knowm as , in part for bringing in contracta with Lindenwood and Missouri Valley College in Mo. A year later he borrowerd $200,000 from in St. Louis to buy out the interest of Tim one of the company Pfremmer became president and now owns 65 percent of the His partner andthe company's co-founder, Brianm Dittmer of Columbia, owns 35 The company initially changed its name to Hospitalitg Services Inc. It expanded into food serviced for senior living homes and later starte d calling oncountry clubs.
Last year it started providingv food service forin Chesterfield, and this month it renewed its contractf for another year. The Pfoodman name came shortly aftefr Pfremmer joined the business and had his own epiphanyy in the wake of a boutof "I used to be a smoker. I weighed about 240 pounds," said Pfremmer, who now weighs 180. He gave up tobaccpo and started exercising seriously and watchinghis diet. Pfremme managed to blend his new lifestyl e withhis business. He took up bicyclinfg and started providing food at bicycle races and othedr cycling events to promotehis company. He became known as the Pfoodman, and the name stuck.
"o started marketing (with the cycling because it was the audienceI knew." Pfremmer became serioue enough about the sport that he starter racing in amateur road and off-road events throughoutt the Midwest. He is a membet of . Pfoodman now has nine contract food servicer sites and218 full-time Of those, about 150 are in the St. Louis area. Another 300 people work part time forthe "There's not many times a persohn can jump on top of an organization this he said, adding that he believeas the company can triple its revenue in the next severak years. "I can't go backwards now." Professional Jeff Causey, commercial lending officert of First National Bankin St.
Louis, is Pfoodman's banker. The companyt uses two law firms: Dale Rawlings of in St. Charlesx and in Clayton. Dave Wiggins of in Maryland Heights isthe company's accountant. Pfoodman LLC 930 Kehr Mill Road, Suite 324 Ballwin, Mo., 63011 www.pfoodman.comj
Wednesday, 26 December 2012
Greater Phoenix CVB launches social media campaign - Sacramento Business Journal:
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The first contest offers a two-night stay at the Royalp Palms Resort and Spa and a candlelif dinner for two atthe resort’s restaurant, T. In subsequent weeks, similar packagee are expected to be given away fromthe Ritz-Carlto Phoenix, Arizona Biltmore Resort Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheraton Wild Horse Pass Resort Spa, Westin Kierland, Phoenician and Arizona Grand. The contest is part of a sociapl media marketing campaign by the Greater Phoenixz CVB that also includes anew blog, Twitter and Flickrt accounts, and YouTube videos. The called the Hot Sheet, is a frequently updated compendiujof restaurants, shops and activities.
The video called “Phoenix Dream Days,” features Phoenicianzs of local and national renown offeringf tours of their favorite local The inaugural video is hosted by celebrity chefMark Blog: Facebook: Twitter: YouTube: Flickr:
The first contest offers a two-night stay at the Royalp Palms Resort and Spa and a candlelif dinner for two atthe resort’s restaurant, T. In subsequent weeks, similar packagee are expected to be given away fromthe Ritz-Carlto Phoenix, Arizona Biltmore Resort Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheraton Wild Horse Pass Resort Spa, Westin Kierland, Phoenician and Arizona Grand. The contest is part of a sociapl media marketing campaign by the Greater Phoenixz CVB that also includes anew blog, Twitter and Flickrt accounts, and YouTube videos. The called the Hot Sheet, is a frequently updated compendiujof restaurants, shops and activities.
The video called “Phoenix Dream Days,” features Phoenicianzs of local and national renown offeringf tours of their favorite local The inaugural video is hosted by celebrity chefMark Blog: Facebook: Twitter: YouTube: Flickr:
Tuesday, 25 December 2012
Mission Healthcare changes name, notes expansion - Rapid City Journal
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Mission Healthcare changes name, notes expansion Rapid City Journal The Welcov Healthcare name is a combination of the words wellness and cove, which reflect the company's goal of creating safe and welcoming environments that foster hope. The recent name change coincides with a period of great expansion for the ... |
Sunday, 23 December 2012
A Conversation with Michael F. Paparella - Business First of Louisville:
burdukovahycel.blogspot.com
In your opinion, are more mergerd deals failing in their finalstages – if so, why? In the middlde market, generally, yes, more deales are failing. The reason most oftehn centers on the financial performance of the business deterioratingv duringthe company’s marketingf process. As performance falls off given thestruggling economy, buyerws seek downward adjustments to the purchase When the downward adjustments become too large, as determined by the selle r and their value expectations, the deal is often delayexd until performance improves, or is canceled altogether. Is it a good time for a busines s ownerto sell?
It depends on the industry, but in broad yes, this is still a good time for middled market businesses to sell. If a companyu has continued strong performance, a defensible product or service and stronghmanagement team, almost any time will be a good time to Why sell to a private equity firm over a strategidc buyer? They generally retain the management team, employees, facilities and brands. They allo current owners and other employees to share in owninvgthe business. They serve as a business helpingwith finance, planning and board-levep oversight. Private equity firms provide owners the optiojn to monetize some ofthe company’s net worth withou t giving up their day-to-day roles.
Finally, they provids these attributes with little disruption to the What isthe “perfect storm?” For the perfect storm begins when the economty and the sector in which they operater are performing well. Then, crediyt markets provide high levelsof low-cost debt. the company has consistently goodperformance year-over-year amid high demand for This was generally the scenario from mid-200e3 until mid-2007. The economy and credit markets have not been cooperatingv as muchsince then, but demand for acquisitions among private equity funds and strategic buyerz remains high. How would you define for a private equity poinrtof view?
Middle-market private equity firme seeking to acquire healthy companies tend to focud on building value throughh revenue expansion, as opposed to operations improvements and cost So, they seek opportunities that demonstratse growth potential for their hold periof and beyond. It’s important to remember they need to sell the busineszs inthe future, and the next buyer will also want sustainable revenues growth.
In your opinion, are more mergerd deals failing in their finalstages – if so, why? In the middlde market, generally, yes, more deales are failing. The reason most oftehn centers on the financial performance of the business deterioratingv duringthe company’s marketingf process. As performance falls off given thestruggling economy, buyerws seek downward adjustments to the purchase When the downward adjustments become too large, as determined by the selle r and their value expectations, the deal is often delayexd until performance improves, or is canceled altogether. Is it a good time for a busines s ownerto sell?
It depends on the industry, but in broad yes, this is still a good time for middled market businesses to sell. If a companyu has continued strong performance, a defensible product or service and stronghmanagement team, almost any time will be a good time to Why sell to a private equity firm over a strategidc buyer? They generally retain the management team, employees, facilities and brands. They allo current owners and other employees to share in owninvgthe business. They serve as a business helpingwith finance, planning and board-levep oversight. Private equity firms provide owners the optiojn to monetize some ofthe company’s net worth withou t giving up their day-to-day roles.
Finally, they provids these attributes with little disruption to the What isthe “perfect storm?” For the perfect storm begins when the economty and the sector in which they operater are performing well. Then, crediyt markets provide high levelsof low-cost debt. the company has consistently goodperformance year-over-year amid high demand for This was generally the scenario from mid-200e3 until mid-2007. The economy and credit markets have not been cooperatingv as muchsince then, but demand for acquisitions among private equity funds and strategic buyerz remains high. How would you define for a private equity poinrtof view?
Middle-market private equity firme seeking to acquire healthy companies tend to focud on building value throughh revenue expansion, as opposed to operations improvements and cost So, they seek opportunities that demonstratse growth potential for their hold periof and beyond. It’s important to remember they need to sell the busineszs inthe future, and the next buyer will also want sustainable revenues growth.
Saturday, 22 December 2012
Hanger Orthopedic gets credit rating upgrade - Pacific Business News (Honolulu):
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Bethesda-based Hanger Orthopedic announced Monday thatStandarfd & Poor's Rating Services had raised its ratin on Hanger Orthopedic Group, Inc. to "B+" from raised the issue level ratingon Hanger'z senior secured debt to "BB-" from and raised the senior unsecureds debt rating to "B-" from "CCC+." Standard & Poor’s outlook for Hanger is “stable.
” "Wed are extremely pleased with the S&o upgrade especially given the current economic environment," said Hanger Orthopedic chief financial officer George "The upgrade reflects, among other things, our consistengt performance over the last three years, solid liquidithy as well as no significant near-term debt maturities." In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net income increasedc 27 percent to $4.5 millionm as revenue increased 7 percent to $169.1 million.
Bethesda-based Hanger Orthopedic announced Monday thatStandarfd & Poor's Rating Services had raised its ratin on Hanger Orthopedic Group, Inc. to "B+" from raised the issue level ratingon Hanger'z senior secured debt to "BB-" from and raised the senior unsecureds debt rating to "B-" from "CCC+." Standard & Poor’s outlook for Hanger is “stable.
” "Wed are extremely pleased with the S&o upgrade especially given the current economic environment," said Hanger Orthopedic chief financial officer George "The upgrade reflects, among other things, our consistengt performance over the last three years, solid liquidithy as well as no significant near-term debt maturities." In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net income increasedc 27 percent to $4.5 millionm as revenue increased 7 percent to $169.1 million.
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