Mergers, Acquisitions, and a New York Boss

Lincolnshire Management the New York-based private equity firm recently announced (October 15) it would be investing in Powerhouse and two other companies in an attempt to create a prominent national platform company. VSS a firm with a vested interest in high-demand tech-enabled business has also announced its minority investment in Powerhouse.

TJ Maloney, the President and CEO of Lincolnshire Management expressed excitement about acquiring Powerhouse and about working with VSS. The feeling was obviously mutual as Patrick Turner, the managing director of VSS also expressed excitement about the partnership. Both parties look forward to drive growth and claim a bigger stake of the multi-million dollar market.

Lincolnshire Management has made over 85 acquisitions in various industries since its inception in 1986. The company is a leader in investing in middle-market companies and TJ Maloney has been a driving force for its growth for over 25 years. He has guided the company initiative for acquisitions and mergers since joining the company in 1993.

Currently, Lincolnshire Management controls over $1.7 billion in private equity funds and its most recent equity fund is valued at $835 million. The company’s Fund II and III are in the top quartile of private equity funds.

Powerhouse, one of Lincolnshire Managements’ recent acquisitions is a provider of national construction services, facility maintenance, and rollouts. The company is located in Crowley, Texas, but provides services to a wide range of businesses nationwide.

SVW, the other acquisition, and its lucrative add-on, One Source Security & Sound is a leading company involved in full-service installations of ATMs and self-service kiosks; it services financial institutions nationwide.

The merger of the companies will provide refresh, remodel, and facilities maintenance. They intend to serve a wide range of industries including healthcare facilities, convenience stores, national chains of banks, large residential rental apartment units and retail.

The merger will reportedly have more than 650 employees and more than 13000 subcontractors nationwide to cater to the needs of their growing customer base. TJ Maloney is optimistic about his company’s growth in 2020.

TJ Maloney graduated from Boston College with a bachelor’s degree in 1975 and from Fordham Law School with a Juris Doctor degree in 1979.

Read more about TJ Maloney here https://www.prnewswire.com/news-releases/lincolnshire-management-adds-four-new-investment-professionals-to-team-300872415.html

Nitin Khanna Has Done Big Things With Technology Since A Young Age

Nitin Khanna was born and raised in India and many of his family members were entrepreneurs who inspired him from a young age. He saw his relatives working with all kinds of businesses and learned what it was like to run a motorcycle parts factory and more. He attended a prestigious school outside of his village in India and got a good education there. When he was seventeen, he moved to the United States and attended Purdue University, where he got a master’s degree in Industrial Engineering.

Nitin Khanna got started in his career in the paper industry but he knew that that wasn’t where he was going to stay as things were quickly changing with technology. Not long later, he left his paper job and started working for a computer technology corporation, where he served in many roles and learned a lot. His younger brother came to the United States for school and Nitin Khanna was ready to get into something new so he asked his brother to start a company with him. They were twenty and twenty-five years old at the time and they created the company in perfect timing. The United States government needed the technology that they had created with their company and they helped it out. Nitin Khanna went on to found another technology company because of the great success that he had found with his first one.

Nitin Khanna lives in Portland, Oregon and meets with his team each day to keep up with what is going on in his business. He is careful about each idea that he creates and makes sure that it is going to stick around for the long-term before he moves on to something new. He believes that being investigative has helped him throughout his career and that by working hard, being patient, and having goals, he can accomplish a lot.

Read more about Nitin Khanna here https://mergertech.com/team/nitin-khanna/

Sergey Petrossov JetSmarter App

Sergey Petrossov was recently awarded the Forbes 30 under 30 award for his work in consumer technology and the award for South Florida’s Top Working Professional by the prestigious Sun Sentinal. Sergey Petrossov has been awarded so many prestigious awards because he is always working hard to find ways to make the technology and consumer industries more innovative.

Before Sergey Petrossov founded JetSmarter, he was the co-founder of two other IT projects including an online chat service system that enhanced the customer service experiences as well as a platform that allowed Russian based educational institutions to provide distance learning. During that time he was also serving as an advisor to the board of a private jet operator based out of South Florida- an operator that had the world’s largest fleet of charter fleets in the entire Gulfstream.

Petrossov flew his first private airplane for the first time and it was then that he was first able to see the challenges that came along with the process of booking a charter flight. At that time, mobile marketplaces were becoming more popular, and Petrossov felt that if he could utilize technology, then he could make the booking process for charter planes much easier and less awkward. And from this singular private flight, the idea for JetSmarter came about.

Petrossov quickly got the team that he worked with for other projects together and invested much of his own money, and together they started working on building an app that would connect flyers to the best of the best jet operators. After a lot of planning, JetSmarter was finally able to launch in August of 2012. After its launch in 2012, JetSmarter worked to raise some additional funds and collaborated with other vendors and partners and in March of 2013, Petrossov was finally able to launch JetSmarter to the public. The team behind the success of JetSmarter are people who worked on things like NASA, Nokia, Microsoft, Mercedes Benz, and BMW, which means their combined experience in technology, private air travel, and logistics has allowed JetSmarter to be the groundbreaking app that it has become!

Veteran Accounting Expert Dabie Tsai Predicts the Future of Accounting

Just like all other sectors in the world, the world of accounting has been affected by new and innovative technology. This technology is meant to make the industry more efficient and easier to work in, but it leads to significant changes in the way businesses are run. It is therefore important for players within this industry to tailor their skills in accordance with the impact of technology.

Tsai is an expert in the field of accounting and auditing. For 23 years, she worked as a partner with KPMG, one of the leading audit and advisory services companies in the world. During her tenure with this company, Dabie Tsai specialized in SEC filings in US GAAP and IFRS, financial reporting, corporate governance, and consolidations. Tsai has vast experience in matters related to international accounting, since she has worked in four different countries on three different continents.

Throughout her career at KPMG, she served large financial institutions and multinational companies in the world. She also played a significant role in mentoring young talent in the company. She is fluent in English, Spanish and Chinese. Tsai believes that the influence of technology in the field of accounting started when modern computing devices were invented. Today, almost every accounting task has to be processed through a computer, and therefore, everyone working in the industry today must possess at least moderate computer proficiency skills.

The internet is another technology that has left a great mark in the accounting field, according to Dabie Tsai. Today, accounting operations are globalized due to the availability of the internet. It is common for organizations and departments in this sector to share information through emails and other messaging applications supported by internet connectivity. Tsai believes that the role of the internet in communication has been significantly impacted.

Dabie Tsai believes that going into the future, the invention of machine learning and artificial intelligence will have more impact on the industry. However, she is keen to advise players in this industry to arm themselves with superior skills and expertise that will ensure that machines do not replace them.

More information about Dabie Tsai at https://thenewsversion.com/2018/11/dabie-tsai/

The Hard Work That Agera Energy Has Been Doing Since 2014 Has Yielded Some Impressive Results And A Major Recognition:

Customizable energy solutions are the driving motivation behind the work that Agera Energy does. The company was founded in 2014 and it combines this motivation with world-class customer service. Agera Energy is also notable for making it possible for its customers to quickly switch their energy services over to the firm by making use of the company’s user-friendly website. The Agera Energy customer service team has made great strides in helping the company to grow rapidly in the U.S. energy market.

Since 2014, Agera Energy has expanded to fifteen different states across the USA and is also offering services in Washington D.C. 2017 saw Agera Energy attained the all-important status of being a Better Business Bureau Accredited business. This status is one that countless American businesses strive for and the company also gained another major piece of recognition from the bureau in 2017. Agera Energy CEO was proud to announce the fact that the company was the recipient of the 2017 Better Business Bureau Complaint Free Award.

Mark Your Calendars For Sunday Riley’s Access Kit Launch!

It’s the perfect time of year to get your hands on Sunday Riley’s exclusive skincare kit that focuses on smooth and glowing skin. Sunday Riley will very soon, come out with a limited edition kit that has newly formulated products that focus on exfoliation and rejuvenated skin. Due to the liquid exfoliator called Good Genes being discontinued, Sunday Riley has come out with a newly formulated version that has glycolic acid properties instead of lactic acid that was in the formula before.

Even though this Early Access Kit will only be given to the first 1,000 people, this brand will be including two more unreleased products! One of these products will be focusing on having fast-acting results. The name of this product is A+, and is a retinoid serum that will result in giving new life and rejuvenation to your skin. Since retinoid is a powerful ingredient, it is recommended that you start off slow when using this product. Some peeling and irritation may occur, so individuals that experience irritation should be careful. Hawaiian white honey, ginger, and prickly pair cactus are a few calming ingredients that make this product even more amazing.

The C.E.O Glow is the third product being released in this limited edition access kit. The C.E.O Glow has turmeric oil and Vitamin C and is a must have to giving your skin a beautiful and natural glow. This product is also great for dehydrated skin, as it is very nourishing. It is made with THD ascorbate, (a very potent form of Vitamin C), soothing Vitamin C, and also plenty of antioxidants. Serums should always be a staple in one’s skincare routine, which is why this product is a no-brainer!

This kit contains $230 worth of FULL SIZE products, however this kit retails at $185. If you miss out on this early access kit, do not worry! A+ is expected to launch in January 2019, and C.E.O Glow will be following in March. In the meantime, set your calendars for Monday, November 19th as the Early Access Kit will officially launch on SundayRiley.com.

Here: https://www.sephora.com/brand/sunday-riley

Ryan Seacrest Is Far More Than An Entertainment Personality

There are likely very few people who would try to argue that Ryan Seacrest is anything other than one of the most iconic and recognizable celebrity figures, television and radio hosts working in the entertainment industry today. While he is known for his role as the host of the world famous talent search American Idol, a role he has recently resumed as the show has returned to the airwaves, Ryan Seacrest is also constantly busy with a number of other work projects and it is truly impressive the amount that one man is able to accomplish.

Ryan Seacrest is also the co-host of one of America’s favorite morning shows, Live with Kelly and Ryan as well as hosting On Air with Ryan which is currently one of the top radio shows running in the United States today. You can then add on top of this the fact that Ryan Seacrest has a fashion line called Distinction that he is heavily involved in and he has recently added a complimentary line called Ryan Seacrest Polish which is a designer skincare line. If this wasn’t all enough for anyone, Ryan Seacrest also put large amounts of effort into his philanthropy called the Ryan Seacrest Foundation which focuses on helping young people.

Ryan Seacrest is also heavily active in the production side of the entertainment business. His production company Ryan Seacrest Productions is the company behind the hit television show called Keeping Up with the Kardashians. Ryan’s outfit is also behind the spinoffs that have emerged from that hit show. Ryan Seacrest Productions has also done noted work with the E! show Red Carpet as well as the show I Love Kellie Pickler which airs on CMT. These are just a few of the noteworthy projects that have Ryan Seacrest Productions behind them.

Continue: https://www.nytimes.com/2018/06/12/fashion/mens-style/ryan-seacrest-works-out.html

AIA appoints Robert Ivy Executive Vice President/CEO

The Board of the American Institute of Architects (AIA), the premiere organization representing licensed architects and professionals in the design and construction industry since 1857, appointed Robert Ivy, a Fellow of the AIA, as the new Executive Vice President/Chief Executive Officer effective February 1, 2011.

A greatly recognized figure in the architectural profession, Robert Ivy, FAIA, is the Editor in Chief of Architectural Record, a position he has held since 1996. He is also the Vice President and Editorial Director for McGraw-Hill Construction responsible for the efficient management of a large editorial organization as well as the editorial quality of a family of publications in design and construction. Robert was a principal with Ivy Architects and the managing partner with Dean/Dale, Dean and Ivy for nearly 14 years before moving to corporate executive positions. He is a recipient of the Crane Award in 2009, the American Business Media’s top award for lifetime contributions to business media. In 2010, he was recognized as Master Architect by Alpha Rho Chi, an architectural fraternity, for communicating the value of design to a new generation.

Robert has been an advocate for the profession on many of the most important social, political, and environmental issues affecting the built environment. He is a dedicated member of the AIA having served on the AIA Board of Directors in the 1990s.

In his new position at the AIA, Robert will manage the national office in Washington, DC with a $56 million annual budget and 206 employees. He will direct organizational focus on design and practice issues within the Institute, enhance the voice of the AIA to demonstrate the value of design and the public’s understanding of architects and architecture, and work collaboratively with over 300 chapters nationwide and overseas to support AIA members.

AIA 2010 President George H. Miller, FAIA, said “We are excited to have Robert join the AIA as EVP/CEO. He has the combination of seasoned industry experience and corporate leadership skills sought by the Board and we welcome him to the Institute. The Board is unanimous in its view that his passion for the profession, his experience in the industry, and his leadership style will enhance the AIA.” Miller continued, “On behalf of the entire Board, I would also like to thank Paul Welch, Hon AIA, for his leadership as the interim Executive Vice President/ Chief Executive Officer. Paul’s unwavering loyalty to the AIA and his steady and diligent management of the Institute were highly valued during the transition. He has my deepest respect and gratitude.”

Clark Manus, FAIA, 2011 President, commented that, “This is a pivotal time at the AIA and in the industry. There is no denying that the profession has recently faced significant economic stress but, as the economy rebounds in the US and the world, we must be vigilant and responsive to emerging opportunities. Our members are looking to the AIA to focus its efforts and resources while facilitating growth. I am thrilled to be working with Robert in the coming year. “

“The AIA is a stellar organization, one that I have always been proud to be a part of, “Robert said. “The brand represents the highest standard of design and professional ethics. It serves as a powerful message to clients and communities that design matters. I look forward to working with the Board, the staff and the components to enhance this valuable resource on behalf of all present and future members. I am committed to the profession and the success of our members and their practices in this transformed economy.”

Robert received his Bachelor of Arts in the University of the South in Tennessee and his Master’s in Architecture in Tulane University, Louisiana. He was elevated to the AIA College of Fellows in 1993.

The Works of Hussain Sajwani, Founder and Chairman of DAMAC

Hussain Sajwani, founder and chairman of property development company DAMAC Properties, graduated from the University of Washington with degrees in Economics and Industrial Engineering. It was while doing his studies that he first entered the entrepreneur world by selling time-share apartments. After his schooling, he worked in the finance of a private company for two years. It was during this time that he decided to renew his entrepreneurial spirit for the rest of his professional life. So in 1982, he started a wildly successful catering business.

In 2002 he entered the real estate by founding DAMAC Properties. His first projects were just small hotels before he started developing luxury projects in Dubai. It has since stretched its very lucrative reach to Dubai, Abu Dhabi, Doha, Amman, Beirut, Jeddah, Riyadh, and London. It currently has over 2,000 employees worldwide. Largely as a result of his two extremely successful business ventures, Hussain has been listed among the 100 richest Arabs alive. His wealth can also be attributed to a number of very good investments.

Sajwani says his entrepreneurial spirit was born as a young boy when he would help his father in his store. As the leader of a huge real estate empire, he says most of his days involve meeting with his various management teams. Sajwani says he has become so successful because he has always been able to visualize how Dubai and the rest of the world will look in 20 years. He also attributes his lack of a fear of failure. In fact, he values the failures he has had because they have always taught him a valuable lesson about success. Read this article from Independent.co.uk to know about Trump’s speech mentioning Sajwani.

As incredibly busy a man as Hussain Sajwani is, he makes quality time with his family a priority. Although he does so quite a bit for business reasons, in his rare spare time he also enjoys traveling all over the world on vacations with his family.

Recommended reading: http://www.arabnews.com/tags/hussain-sajwani

Meet Paul Mampilly, the Humble Billionaire.

Paul Mampilly had traveled a long and tough journey before he got to the great position that he enjoys today as a billionaire investor. He came from India, brought up by a peasant father who experienced endless financial struggles to make ends meet for him and his family. Mampilly had a sister whom he loved very much, and they schooled together. However, there were doubts if his father could afford to take them to college, considering the financial struggles that he underwent. However, the father remained hopeful and kept his faith on, believing that one day they would experience a breakthrough, and his family would enjoy a beautiful living.

Luckily, Paul’s father got a job in Dubai, and hence he relocated to the place with the entire family. The situation there was lucrative and provided sufficient income to cater to the needs of the family. Paul Mampilly and his sister also got the chance to go to colleges and completed their higher education. Paul went to Montclair State University and later to the Fordham Gabelli School of Business where he pursued business administration. The Bankers Trust Company then employed him in the Wall Street America where he started working as the associate portfolio manager. He would later secure a promotion to become the firm’s portfolio manager.

A short while after the promotion, Bankers Trust was acquired by a German banking institution, Deutsche Bank, what made Paul Mampilly transition from his workstation to start working at the reputable bank as junior research personnel. He then moved to ING as the senior research manager, a position that taught him a lot to do with responsibility and accountability. He learned to manage portfolios worth a lot of billion dollars on behalf of the clients of the organizations for which he worked. After some time, Paul Mampilly grew a feeling that he had a lot of knowledge and skills at his disposal, but the only beneficiaries of his skills were the few investors who managed to pay the big institutions that hired him to do the work. He resigned and started assisting the majority of American individuals by giving them investment advice through newsletters and other publications.