COMPANIES ON THE MOVE
(HELPING AMERICA GROW)
Sample Issue
Alex and Ani LLC continues to expand as it searches for a permanent CEO. The 11-year-old privately-held Cranston, R.I. jewelry company which operates thirty-nine company stores in nineteen states and which saw its revenue increase from $4.5 million in 2010 to $230 million last year, all while under the watchful eyes of former CEO Giovanni Feroce who joined the company in 2010 but left the firm abruptly in March, is adding a twentieth state to its portfolio, adding stores this year in Pittsburgh and Philadelphia. In its last four years the company, which also distributes its products through an additional 160 non-corporate outlets, has grown from two-dozen employees to more than 1,000 and expects to add another 250 workers by year’s end.
For more information on the company call the Director of Human Resources, Madison Malloy, or the founder and interim CEO Carolyn Rafaelian, who allegedly had disagreements with Feroce over the company’s rapid growth, at 1-401-633-1486. www.alexandani.com
Alliance Data Systems Corp., the 18-year-old Plano, Tx. provider of data-driven marketing and loyalty solutions serving large, consumer-based industries, reported second quarter net income of $137 million. This compares with income of $116 million for the same period last year. Sales increased 23%--to $1.3 billion. As of 6/30 cash and cash equivalents declined to $631 million, down from $970 million six months earlier. Credit card receivables declined slightly—to $8 billion. The company ended the quarter with borrowings under its debt agreements of $1.1 billion.
For more information call CFO Charles Horn or Director of Human Resources Calvin Hilton or VP of Human Resources Lisa Kidd at 1-214-494-3000. www.alliancedata.com
Alpheus Communications LP is expanding its reach.
The Houston, Tx. provider of extensive Ethernet coverage through its fiber network and which offers data center services for enterprises and carriers, is expanding in the Houston and Dallas markets. The company, which in March signed a network-to-network interface agreement with United Network Services Inc. and which in April completed the expansion of its Austin data center, is now investing $12 million to enhance its fiber network for rapidly-expanding businesses in the Houston and Dallas markets.
For more information call CFO Rich Martin or VP of Operations Jack Smith or Human Resources Representative Stephanie Adams at 1-877-257-4387/1-713-336-6300. www.alpheus.net
Archer Daniel Midland Co., the 112-year-old Decatur, Il. food processing and commodities trading firm which is trying to diversify its commodities and ingredients operations, has reached an agreement to purchase Wild Flavors GmbH, the Swiss natural ingredient company which serves the global food and beverage market and which is the maker of Capri Sun juices, in a cash transaction valued at $3 billion along with the assumption of $135 million of net debt. Pending customary closing conditions and regulatory approvals, the deal is expected to close by 12/31.
For more information call CFO Ray Young or VP of Human Resources Michael D’Ambrose or the Human Resources Manager Lori Zywiec at 1-217-424-5200. www.adm.com
Badger Meter Inc., the 109-year-old Milwaukee, Wi. manufacturer of flow measurement and control products for water utilities, municipalities and commercial and industrial clients across the globe, reported second quarter net income of $8.8 million. This compares with income of $6.3 million for the same period last year. Sales increased 8%--to $95.6 million. As of 6/30 cash declined to $6.8 million, down from $7.3 million six months earlier. Accounts receivable increased to $61 million, up from $50 million. The company ended the quarter with no long-term debt and short-term debt having declined slightly—to $69 million.
For more information call CFO Richard Johnson or VP Human Resources Kristie Zahn or HR Coordinator Alyssa Hernandez at 1-414-355-0400. www.badgermeter.com
Constellation Brands Inc., the Victor, N.Y. alcoholic beverage firm and the world’s largest wine company, reported first quarter net income of $207 million. This compares with income of $53 million for the same period last year. Sales, whose increase was a result consolidating Crown Import’s beer operations, jumped to $1.5 billion, up from $673 million last year. Both income and sales results beat analysts’ expectations.
For more information call CFO Robert Ryder or HR Director Dan Towner at 1-585-678-7100. www.cbrands.com
Edesia Global Nutrition Solutions is expanding. The 5-year-old Providence, R.I. nonprofit and the nation’s only maker of Plumpy/Nut and Nutributter for large humanitarian organizations such as UNICEF and the World Food Programme, is moving into larger facilities at the Quonset Business Park. The new 85,000 square foot facility, which will employ as many as 100 workers, has the capability to accommodate a 25,000 square foot expansion that will allow it to meet the growing needs of the humanitarian partners it serves.
For more information call the company’s founder, Navyn Salem, at 1-401-272-5521. www.edesiaglobal.org
Everything but the House, the Cincinnati, Oh. firm which was born out of a passion for antiques, continues to expand. The 8-year-old online auction website that actually goes out to a person’s home and accesses the property they want to sell before putting it online and which has grown from two dozen employees and sales of $7 million to more than 160 workers and revenue of $10 million, is now expecting revenue of $14 million this year as it expands into other cities such as Nashville and Indianapolis.
For more information call CEO Andy Nielsen 1-513-242-3284. www.ebth.com/jobs
Freeman Rain Jackets is expanding. The Seattle, Wa. clothing company which started in the kitchen apartment of Scot and Brittany Freeman four years ago and which now sells its rain jackets and other outerwear products through retailers in Canada, Australia and Japan as well as in the U.S., is opening its first retail outlet in the Capitol Hill section of Seattle by 8/30.
For more information contact Scott Freeman at info@freemanseattle.com http://freemanseattle.com
Frequency Electronics Inc., the 52-year-old Mitchel Field, N.Y. designer and manufacturer of precision-timing, frequency control and synchronization products for space and terrestrial applications, reported fourth quarter net income of $755,000. This compares with a loss of $43,000 for the same period one year earlier. Sales increased to $19.5 million, up from $17.5 million for the same period last year. As of 4/30 cash and marketable securities increased to $23.7 million, up from $21.7 million twelve months earlier. Accounts receivable remained relatively unchanged at $7.7 million. The company ended the quarter with long-term debt of $10 million, up from $6 million last year.
For more information call CFO Alan Miller or Director of Human Resources Robert Klomp or Human Resources Manager Nicole Mingo at 1-516-794-4500 or email hr@freqelec.com . www.frequencyelectronics.com
Healthcare Services Group Inc., the Bensalem, Pa. provider of housekeeping, laundry and dietary services to long-term care health facilities, reported second quarter net income of $13.9 million. This compares with income of $12.9 million for the same period last year. Sales increased 17%--to $319 million. As of 6/30 cash and cash equivalents declined to $57 million, down from $64 million six months earlier. Accounts receivable increased to $205 million, up from $189 million.
For more information call CEO Daniel McCartney or President and COO Theodore Wahl at 1-215-639-4274. www.hcsgcorp.com
ICW Group Insurance Companies, the privately-held 42-year-old San Diego, Ca. provider of property and casualty insurance which quotes more than $3 billion annually and which has expanded its reach beyond the West Coast and into the Midwest, New England and the Southern U.S., has moved into more states. The company is now offering its insurance programs in Georgia, Indiana and New Jersey.
For more information call John Lopez at 1-858-847-8097 or VP of Finance Fred Rostamian or VP Human Resources Veronica Meyers at 1-858-350-2400/1-800-877-1111. www.icwgroup.com
Incyte Diagnostics is expanding. The Spokane, Wa. firm, which earlier in the year purchased Medical Center Laboratory in Yakima, Wa., has now purchased Accupath Laboratory Services Inc. in Seattle for an undisclosed amount.
For more information call President Christopher Montague or CFO Tom Rehwald or Human Resources Executive Heather Major at 1-509-892-2700. www.incytediagnostics.com
Knoll Inc., the 76-year-old East Greenville, Pa. firm, which, together with its subsidiaries, design and manufacture residential and workplace furniture, textile, fine leathers and accessories under such brands as KnollStudio and Edelman Leather, reported second quarter net income of $10.8 million. This compares with income of $7.9 million for the same period last year. Sales increased 24%--to $266 million.
As of 6/30 cash and cash equivalents declined to $8.5 million, down from $12 million six months earlier. Customer receivables remained unchanged at $104 million. The company ended the quarter with long-term debt of $256 million, up from $173 million as of 12/31.
For more information call CFO Craig Spray at 1-215-679-1752 or VP of Human Resources Roxanne Klein or Director of Human Resources Amy Novakovich or Human Resources Generalist Stephanie Bloom at 1-215-679-7991 or 1-212-343-4135. www.knoll.com
Legend Senior Living LLC continues to expand. The privately-held 13-year-old Wichita, Ks. firm which operates twenty-eight senior care facilities and which is building new facility as well as making acquisitions as part of its growth strategy, has made it first foray into the Colorado market with the purchase of the Greeley Assisted Living and Memory Care facility for an undisclosed amount. The company is also in the midst of building a 90+ unit facility in Fort Worth as part of its expansion efforts into that market.
For more information call CEO Tim Buchanan at 1-316-616-6288 or 1-855-227-8966 or 1-316-631-3900. www.legendseniorliving.com
Lucky’s Market, the 11-year-old privately-held Gunbarrel, Co. natural foods supermarket chain which operates ten stores in eight states and which also operates the Shepherd Valley Farm, is moving its headquarters to larger facilities near its farm in Nilwot, more than tripling its space while also expecting to increase its corporate payroll by 25%.
For more information call the founder and CEO Bo Sharon at 1-303-444-0215. www.luckysmarket.com
Luminoso Technologies Inc. is expanding. The 3-year-old Cambridge, Ma. data analytics firm and language understanding company which is a spinoff of the MIT Media Lab and which recently secured $6.5 million in funding, now expects to hire an unspecified number of workers as it prepares to move into larger facilities.
For more information call CFO Jason Alonso or cofounder Dennis Clark at 1-617-682-9056. www.luminoso.com
MBlox, the Sunnyvale, Ca. provider of a mobile engagement platform that allows companies to reach individuals on literally any mobile device in the world (it refers to its as “mobile customer relationship software”), has raised another $43 million through its current investors as well as through Horizon Technology Finance in Farmington, Ct. and the business banking firm Comerica.
For more information call CEO Tom Cotney or CFO John Stone at 1-408-617-3700. www.mblox.com
Mobile Mini Inc. continues to expand. The 31-year-old Tempe, Az. portable storage company has now completed the purchase two portable storage companies in a move that expands its presence on both the East Coast and Texas.
For more information call CEO Erik Olsson at 1-480-894-6311. www.mobilemini.com
MRT Manufacturing Inc. aka Forest Equipment of Virginia (FEVA) the 6-year-old Forest, Va. parts and truck manufacturer which has seen its sales increase more than sixfold since its inception, recently expanded with a new 43,000 square foot manufacturing plant that will allow it to weld its own steel.
For more information call President Mark Sharman or the Personnel Director Sharon Orange at 1-434-525-2929 or employment@mrtvirginia.com www.feva.net
PAREXEL International Corp., the 32-year-old Waltham, Ma. CRO and a provider of developmental and commercialization services to the global biopharmaceutical and medical device industries, has purchased ATLAS Medical Services, the 9-year-old Turkish provider of clinical research services, for an undisclosed amount. In its most recently completed quarter PAREXEL reported its net earnings and revenue each increased 10%, to $32 million and $578 million respectively.
For more information call CFO Ingo Bank or Senior Director of Human Resources Jennifer Doak at 1-781-487-9900. www.parexel.com
Penn Station East Coast Subs is expanding in the Chicago and Dallas markets. Already with half a dozen locations outside the immediate Chicago area, the 29-year-old privately-held Milford, Oh. fast-food restaurant chain which has more than 275 outlets across thirteen states and whose annual sales exceed $150 million, has signed on a new franchisee in Chicago. With plans for its first store to open in October, Penn expects to open more than ten locations in and around the Windy City as it tries to establish itself in the Midwest stronghold. The company also recently signed a franchisee agreement with PS DFW LLC in Coppell, Tx. to open as many as fifteen Penn outlets in the Dallas area.
For more information call CEO Jeff Osterfeld or the Director of Development/Sales Mark Partusch, at 1-513-474-5957. www.penn-station.com
Skyword Inc. is expanding on the West Coast. The 4-year-old privately-held Boston, Ma. content marketing firm which expects to increase its payroll by hiring more than forty workers for its Pittsburgh office and its corporate headquarters, has now purchased Clear Content Marketing, the Palo Alto, Ca. marketing firm, for an undisclosed amount.
For more information call CEO Tom Gerace or CFO Tyler Hoffman or VP of Writer Services MaryAnne Flynn or Ted Karczweski at 1-617-720-4000 or 1-855-759-9673. www.skyword.com
Tessemae’s Co., the 5-year-old family-run Exxex, Md. maker of homemade dressings, sauces and condiments which was started out of the kitchen of CEO Greg Vetter’s mom after her first three cases of dressing sold out within an hour at a local Whole Foods store, continues to expand its operation. The company, which today has some 150 employees working to distribute its products to such chains as Whole Foods and Safeway and which has grown to revenue of more $15 million, is now watching as Costco launches a new economy size dressing of its product at the end of this month.
For more information call CEO Greg Vetters, CFO Brendan or the Director of Great People, Kristen (We don’t make this up. Tessemae’s website lists this as Kristen’s title) at 1-855-698-3773 or email: keepitreal@tessemaes.com www.tessemaes.com
Thoma Bravo LLC, the San Francisco, Ca. private investment company, has reached an agreement to purchase Sparta Systems Inc., the 20-year-old Hamilton, N.J. provider of enterprise quality management solutions which has some 650,000 users across more than thirty countries and which has offices in Austria, Berlin, Israel, London and Singapore. The deal to purchase Sparta, which is owned by Summit Partners and Altaris Capital Partners, is expected to close by 9/30.
For more information call Sparta CFO Steven Ford or VP of Human Resources Sharon Marnien at 1-609-807-5100. www.spartasystems.com www.thomabravo.com
TRI Pointe Homes Inc. is expanding. The 5-year-old Irvine, Ca. builder of single-family homes which recently completed the sale of two series of senior notes totaling some $900 million, has completed its purchase of Weyerhauser Real Estate in a $2.8 billion merger agreement.
For more information call CFO Michael Grubbs or Human Resources Manager Karen Hoefer at 1-949-478-8600. www.tripointehomes.com
UniFirst Corp., the 78-year-old Wilmington, Ma. uniform rental company which has more than 200 customer service, distribution and manufacturing facilities across North America and Europe, reported third quarter net income of $31 million. This compares with income of $29 million for the same period last year. Sales increased 5%--to $352 million. Both income and sales results beat analysts’ expectations.
For more information call CFO Steven Sintros or Human Resources Executive Cynthia Croatti at 1-978-658-888. www.unifirst.com
Vishay Intertechnology Inc. is expanding. The 52-year-old Malvern, Pa. manufacturer of semiconductors and electronic components which has grown through acquisitions, has now reached an agreement to purchase Capella Microsystems Inc., the Taiwan integrated circuit design company, in a transaction valued at $205 million. The purchase is expected to help Vishay expand its optoelectronics operations.
For more information call CFO Lori Lipcaman or Human Resources Director Scott Kaiser or Human Resources Executive Colleen McHugh or Human Resources Supervisor Ruby Heredia at 1-610-644-1300. www.vishay.com www.careerportaladmin@vishay.com
WebPT Inc. is expanding. The 8-year-old Phoenix, Az. provider of electronic medical records solutions for physical and occupational therapists which expects revenue to reach $27 million this year and which recently announced an investment from Menlo Park, Ca.-based Battery Ventures, is now looking to add another 150 employees to its 250-worker base.
For more information call Founder and COO Heidi Jannenga or CEO Paul Winandy at 1-602-253-8100 or 1-866-221-1870. www.webpt.com
ZoomCare P.C., the Hillsboro, Or. operator of health clinics across Portland, Salem, Seattle and Vancouver, has obtained an unspecified investment (its first outside investment in its eight-year history) from Endeavor Capital in Portland. The investment gives Endeavor a minority stake in Zoomcare.
For more information call president and co-founder Dave Sanders at 1-503-684-8252 or email human resources at myfuture@zoomcare.com .