| Key Principal Partners Acquires Honsador Lumber Corporation and Affiliates |
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Key Principal Partners (KPP) has acquired Honsador Lumber Corporation (Honsador) and two of its affiliates, Honolulu Wood Treating (HWT) and Ariel Truss (Ariel), from Jim Pappas, owner of all three...
Key Principal Partners (KPP) has acquired Honsador Lumber Corporation (Honsador) and two of its affiliates, Honolulu Wood Treating (HWT) and Ariel Truss (Ariel), from Jim Pappas, owner of all three companies. Honsador is the largest wholesale building products distributor in Hawaii, Ariel is the state’s largest manufacturer of roof trusses, and HWT is the state’s leading wood treatment company.
RDV Corporation, a limited partner in both KPP and other direct investments of KPP, and Hawaiian Land Development Corporation, which is a major investor in Hawaii led by developer Jeff Stone, joined KPP as equity investors in the new holding company, Honsador Holding, LLC (the Company), First Hawaiian Bank provided the senior debt financing for the transaction.
The transaction provides liquidity for Mr. Pappas who will remain involved in the Company as a member of the Board of Directors and as an advisor. The Company has grown rapidly in the past several years and revenues for 2004 are expected to approach $150 million. This growth is expected to continue as the Company pursues a number of expansion projects and new product offerings to meet the increasing needs and quality requirements of developers.
While we are thrilled to acquire the fantastic company that Jim Pappas has constructed, our challenge now is to continue to grow the breadth and quality of services the Company can provide to professional builders in the Islands, said Greg Davis, a Principal with KPP and member of the Board of Directors.
Honsador was established in 1935 as Honolulu Sash & Door and has become the key source of locally supplied building products of both large and small builders in Hawaii. It is the only distributor with operations on Hawaii’s four major islands, and operates a facility in Portland, Oregon to source its broad range of products.
About Key Principal Partners
Key Principal Partners (KPP) is a nationally recognized private investment firm providing capital to middle market companies throughout North America. KPP utilizes mezzanine and equity capital to fund the growth, buyout, refinancing or acquisition of profitable companies. In addition, KPP provides liquidity to shareholders of privately held stock. KPP has approximately $1 billion in capital under management and can invest $5 to $25 million in companies with at least $20 million in revenue. Headquartered in Cleveland, KPP is affiliated with KeyCorp, an $86 billion financial services firm, and has offices in Boston, Greenwich and San Francisco.
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| GMAC Real Estate Names Joe Capriotti President and CEO of Eastern Massachusetts Real - Nov 12, 2004 11:28 IST |
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Joe Capriotti, an accomplished real estate industry veteran, has been named president and CEO of GMAC Real Estate’s Eastern Massachusetts Real Estate Division which makes up the Company-Owned Offices throughout the Central New England area. Capriotti will be responsible for managing GMAC Real Estate’s 1,300 agents working from 58 offices: from Cape Cod, to Eastern and Western Massachusetts, to southern New Hampshire.
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| Habitat for Humanity and Nintendo Open 1,000 Doors to the Future - Nov 12, 2004 11:27 IST |
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Habitat for Humanity International today announced that Nintendo of America has donated 1,000 doors to Habitat for Humanity affiliates in Florida to help the nonprofit homebuilding organization. Nintendo video game icon Mario(TM) joins Habitat for Humanity volunteers today at a build site in Pensacola, Fla., to deliver and help install the first of the 1,000 doors.
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| Fitch Rates Vornado Realty’s $150MM Preferred Offering ’BBB-’ - Nov 12, 2004 11:26 IST |
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Fitch Ratings has assigned a ’BBB-’ rating to the recent offering of $150 million 6.75% series F perpetual preferred securities issued by Vornado Realty Trust (Vornado or the company) (NYSE:VNO).
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| First Acceptance Corporation Reports First Quarter Financial Results - Nov 12, 2004 11:25 IST |
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First Acceptance Corporation (NYSE:FAC) today reported its financial results for the first quarter ended September 30, 2004 of its fiscal year ending June 30, 2005.
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| Congoleum Corporation Reports 2004 Third Quarter Results - Nov 12, 2004 11:23 IST |
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Congoleum Corporation (AMEX:CGM) reported today its financial results for the third quarter ended September 30, 2004.
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| Houghton Mifflin Company Announces Third Quarter 2004 Results - Nov 12, 2004 11:16 IST |
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Houghton Mifflin Company announced today its results for the third quarter 2004. The financial results and comments in this release include the consolidated results of Houghton Mifflin Company and its parent, HM Publishing Corp. HM Publishing Corp. conducts all of its operating activities through Houghton Mifflin Company.
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| Binda Builds Effective Partner Relationships Using Siebel Consumer Goods - Nov 12, 2004 11:13 IST |
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Siebel Systems, Inc., a leading provider of business applications software, today announced that Binda, an Italian watch, jewelry and accessories company, is building effective partner relationships using Siebel Consumer Goods. Binda deployed the solution in order to create a single, comprehensive view of its customers across the 5,000 retail outlets and 50 distributors that market Binda’s products worldwide.
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| Dow Jones News in Real-Time on TCS’ marketStream Service via Blackberry - Nov 12, 2004 11:11 IST |
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| JoS. A. Bank Launches National Branding Media Campaign - Nov 12, 2004 11:11 IST |
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JoS. A. Bank Clothiers, Inc. a premier menswear retailer (Nasdaq National Market: JOSB), announces that it has launched a major national branding campaign.
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| Urban Outfitters Earnings Soar 85% in Q3 - Nov 12, 2004 11:4 IST |
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Urban Outfitters, Inc., a leading lifestyle consumer products company doing business under the Anthropologie, Free People and Urban Outfitters brands, today announced record earnings of $26.0 million for the third quarter ended October 31, 2004, an 85% increase over the comparable quarter last year. Third quarter earnings per diluted share rose to $0.31 this year versus $0.17 in the prior year.
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| Oil & Gas Journal Exchange/Madison Energy Advisors Facilitates Anadarko’s Southeast - Nov 12, 2004 10:51 IST |
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Oil & Gas Journal Exchange/Madison Energy Advisors (Madison) acted as a transaction advisor for Anadarko’s divestiture of its Southeast Colorado producing properties to an affiliate of Citation Oil & Gas Corp. The $107.6 million sale agreement was announced by Anadarko on November 1, 2004. The transaction is expected to close by end-of-year 2004.
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| Consolidated General to Secure Partial Ownership in Pay-by-the-Day - Nov 12, 2004 10:48 IST |
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Consolidated General Inc. (OTC: JVGI) is pleased to announce that it has set a date of November 18, 2004, to finalize its partial acquisition of Pay-by-the-Day, a Toronto based electronics retailer. The company wishes to strengthen its foundation by acquiring a distributor with a strong retail presence and applying its marketing expertise to Consolidated’s newest sports ventures.
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| RetirementHomes.com Surpasses Competition as Seniors’ Internet Use Swells - Nov 12, 2004 10:47 IST |
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After seven years in the industry, RetirementHomes.com is now the single most trafficked online retirement directory on the internet. Founded in 1997 as a subsidiary of Target Directories Corporation, RetimrementHomes.com has established itself as the pre-eminent resource for seniors and health care professionals seeking retirement and senior care options in North America. In fact, it has attracted more than 90,000 visitors to its website in the last 30 days alone.
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| Dreamchilde Press Debuts Quantum: Rock of Ages Graphic - Nov 12, 2004 10:46 IST |
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New York Publisher/Writer Philip Clark announces two milestones from his Dreamchilde Press. Dreamchilde’s flagship title, “QUANTUM: Rock of Ages” will be released to comic book stores across the country this Wednesday, November 10, as a highly anticipated trade paperback. QUANTUM also goes into publication electronically this month, with back-issues available on the World Wide Web. Hailed by readers, reviewers, and comic pros alike, QUANTUM: Rock of Ages is gaining ground as one of indie comics’ best new series.
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| Business Beat News Tip Sheet™, Homeland Security - Nov 12, 2004 10:45 IST |
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MAYO Communications, a full service public relations firm based in Los Angeles was handed “First Place Corporate Communications” Prism Award last night (Nov. 9, 2004) at the Public Relations Society of America (PRSA-LA) Los Angeles Chapter Annual Awards Gala at the Luxe Hotel Bel-Air Sunset Blvd, Los Angeles, CA, 90049.
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| American Bank Note Holographics Reports Third Quarter Financial Results - Nov 12, 2004 10:42 IST |
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American Bank Note Holographics, Inc. (ABNH) (OTC Bulletin Board: ABHH) a world leader in the origination, production and marketing of holograms for security applications, today announced financial results for the third quarter and nine months ended September 30, 2004.
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| Patented Wonderoos Take Cloth Diaper Market by Storm - Nov 12, 2004 10:42 IST |
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Wonderoos, LLC, the world’s only manufacturer of all-in-one, one-size pocket cloth diapers, announced today that shipments of its patented, supremely comfortable and convenient Wonderoos diapers exceeded 4,000 units in July – a tenfold increase since Wonderoos launched in September, 2003. The company now offers retailers the highest manufacturing quality standards in the cloth diaper industry, ample production capacity, retail packaging, and profitable wholesale and retail pricing.
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| CGI Holding Corporation Reports Record Third Quarter Results - Nov 12, 2004 10:41 IST |
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CGI Holding Corporation today announced its financial results for the three and nine months ended September 30, 2004. Revenues for the third quarter rose to $5,721,669, a 25% sequential quarterly increase, and an increase of 175% over the third quarter of 2003.
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