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/

Lincolnshire Management’s Winning Strategy For Holley Performance Products

Lincolnshire Management is a private equity firm that focuses on investments in middle market companies. Founded in 1986, Lincolnshire Management is led by T. J. Maloney. T. J. Maloney serves as the company’s Chairman and CEO and Michael J. Lyons serves as President. Today, Lincolnshire Management has invested in various industries through more than 85 acquisitions during the span of 30 years. https://www.divestopedia.com/companies/lincolnshire-management-inc/3468.

Holley Performance Products

In an article dated October 29th of 2018, Holley Performance Products was sold to Sentinel Capital Partners. The article briefly describes Holley Performance Products as one of the leading companies who designs, manufactures, and markets automotive performance after-market products. Some brands associated with the company include NOS, Mallory, and MSD to just name a few.

Lincolnshire Management’s T. J. Maloney states that they have been working with the company since 2013 and have executed “an aggressive acquisition strategy” to further the company’s growth and “product development”. With technological advances today paired with the growing number of consumers who are passionate about automotive performance, the company has experienced a rise in both revenue and earnings.

Next, Tom Tomlinson of Holley Performance Products comments that Lincolnshire Management has “demonstrated excellent knowledge” in their industry’s products and consumers. Because of this, during the five years of partnership between Holley Performance Products and Lincolnshire Management, they were able to take the company to new heights.

Since the acquisition of Holley Performance Products by Sentinel Capital Partners, they have since merged Holley Performance Products with Driven Performance Brands. Holley Performance Products is now part of the line-up with other big-named companies such as Flowmaster and K&N Engineering, all thanks to Lincolnshire Management and their team.

Holley Performance Products was founded in 1903. It is led by their President and CEO, Tom Tomlinson. The company boasts a $20.6 Million U.S. Dollar annual revenue.

If you would like to read the full article, please click here.

HCR Wealth Advisors: Working to Build Financially Strong Families

HCR Wealth Advisors works with clients to create personalized financial strategies. Some clients between the age of 30 and 50 have been nicknamed “The Sandwich Generation.” The name is fitting because these people are in the unique position of having to care for one or several elderly parents and help their children with college expenses. All of this is happening while they need to be saving for their retirement.

HCR Wealth Advisors works with clients to create personalized financial plans. Most people are encouraged to put in as much money as possible into their retirement account. The account might be provided by an employer or one you established yourself. Today, people can live for as long as 90 years. It is not hard to imagine that people in the future might even live longer. That is why planning and saving for retirement is a topic @HCRwealth stresses and teaches.

Getting children educated and out of the home is another area to think about when dividing your income. Students who incur significant student loan debt may have to move back home just to make ends meet. One way to help your children pay for college is by saving money in a tax-deferred education account. These accounts hold many advantages. The sooner you can create one the better.

HCR Wealth Advisors knows how crucial it is for you to understand your parents’ financial situation. As a child, your parents may not have discussed money matters with you. When caring for aging parents you should know what the source or sources of income are, and how long they are going to pay out.

Health insurance plans should be studied. Knowing what benefits your parents have or do not have will be something you can do your best to plan around.

Planning, educating, and understanding complex financial situations are things HCR Wealth Advisors strives to do with every client. The firm has been in business for over two decades.

HCR Wealth Advisors is not affiliated with this website.

Chris Burch And His Investment In Nihiwatu

Chris Burch is a known fashion expert. He has invested in the hospitality industry by building Nihiwatu. Nihiwatu is a 5-star beach hotel that is situated on a remote Island in Indonesia. Chris Burch has cofounded and also founded various popular brands such as Tory Burch and C. Wonder. Chris Burch partnered with James McBride who is an hotelier and purchased a beach hostel that is located on Sumba Indonesian Island. It cost approximately $30 million to renovate the hostel. They later reopened it in the state of a 5-star hotel and named it Nihiwatu.  More of this on bjtonline.com.

Travel + Leisure voted Nihiwatu as the world’s best hotel in 2016. Chris was in an interview with Business Jet Traveler. He said that he purchased the property for his children and also as a means of giving back to the community. Chris stated that the beautiful Island of Sumba offers many development opportunities that are not possible in other places. He added that the outcome of Nihiwatu surpassed his expectations. Burch said that this is rare since things do not turn to our expectations most of the time. The Wall Street Journal reports that Chris Burch has divided his time between Nihiwatu, Miami, and the Hamptons. The beach resort comprises of 27 private villas with the inclusion of Chris’ private home known as Raja Mendaka.

The Raja Mendaka consists of the main house and four villas. Each of them has its pool. Chris and his hotelier friend purchased the property from a New Jersey couple who had made it into a beach hostel. Nihiwatu is now the biggest local employer in the remote island. Part of the profits from the hotel goes to the Sumba Foundation which funds local projects.  Additional article here.

Chris Burch works at the Burch Creative Capital where he serves as the founder and principal. Chris is a serial entrepreneur. Chris Burch has an extensive background in business in a broad range of sectors including real estate, technology, and fashion. Chris combines both industries to create strong and successful retail brands. Chris attended the Itchica College where he completed his undergraduate studies. He partnered with Bob who is his brother and founded the Eagles Eye apparel. Chris has a reputation as a successful entrepreneur and fashion mogul. His brand portfolio is exciting. It includes Nihiwatu, Ellen DeGeneres, Poppin, and Cocoon9. Chris says that his success comes from hard work, passion, discipline, and commitment. He is a philanthropist who is involved in several noble courses. Additional article on fashionista.com.

Be sure to hit http://mashable.com/2013/07/21/christopher-burch-interview/ for a good read.