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/

Varied History Marks Highland Capital Management’s 25 years Of Growth

Highland Capital Management is a Dallas-based alternative investment company that places money into in public equities and fixed-income markets, focusing on structured products, leveraged loans and high-yield bonds. The private firm has $8.3 billion in assets and employs 115, with $10 billion under its management as of 2018.

The company, founded in 1993 by James Dondero and Mark Okada, operates offices in New York City, Buenos Aires, San Paulo, Seoul and Singapore. It monitors portfolios via an optimization system to see that its clients are well diversified, and that the portfolio is consistent with its performance goals.

Highland Capital Management designed the first loan portfolio tracking software, selling the program to JPMorgan Chase in 2003. It then ventured into the mutual fund area with Highland Capital Management’s acquisition of Columbia Management Advisors bank loan mutual funds commerce.

The company acquired Dallas-based NexBank institutional banking service in 2004, buying ING Capital Managing the following year. The latter acquisition marked Highland’s initial foray into Europe.

Highland Capital is a founding benefactor of the George W. Bush Presidential Center, providing the center with a $10 million public programs endowment in 2018.

In October, Highland was named to the CNBC television network’s Financial Advisor 100 list, which notes the companies that offer the most comprehensive planning and services in helping their clients navigate their financial lives. Get Related Information Here.

Factors included in the network’s rankings include disclosures, years in business, average account size, total accounts under management, number of investment advisors, the ratio of investment advisors to total number of employees and discretionary assets under management. See This Page for more information.

Joseph Sowin was named Highland’s co-chief investment officer in April. He replaced Trey Parker, who moved to running the private equity team earlier this year. Sowin, who was head of global equity trading, will continue to manage the firm’s trading operations.

More about the company on https://www.highlandfunds.com/