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Clipper Windpower
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Clipper Windpower Corporate Divestiture Active Industrials North America Electrical Equipment Provider of wind turbine components and services Company Overview Clipper Windpower supports Liberty 2.5MW wind turbine fleets by providing OEM knowledgeable gearbox and component part refurbishment services and maintains a full line of wind turbine service parts.Clipper has customer sites in the United States and Mexico and a manufacturing plant in Cedar Rapids, Iowa Transaction Description Acquired in August 2012 Years in Business 20+ 4601 Bowling Street SW, Cedar Rapids, IA 52404 United States www.clipperwind.com Provider of wind turbine components and services Company Overview Clipper Windpower supports Liberty 2.5MW wind turbine fleets by providing OEM knowledgeable gearbox and component part refurbishment services and maintains a full line of wind turbine service parts.Clipper has customer sites in the United States and Mexico and a manufacturing plant in Cedar Rapids, Iowa Years in Business 20+ Transaction Description Acquired in August 2012 4601 Bowling Street SW, Cedar Rapids, IA 52404 United States www.clipperwind.com Latest Article How commitment and resources drive Platinum Equity’s European momentum July 18, 2022 Platinum executives explain how they execute European strategy that has driven nearly $6 billion in total transactions since June 2020The ability to execute European-headquartered global, pan-European, and domestic complex de... Read More Latest Article Platinum Equity to Acquire Majority Interest in Global Intimate Apparel Company Hop Lun June 20, 2022 Investment in Hong Kong-based lingerie and swimwear company led by Platinum’s Singapore investment team LOS ANGELES and SINGAPORE, June 20, 2022 — Platinum Equity announced today the signing of a definitive agreement t... Read More Latest Article Solenis’ ‘commitment to people, resilient culture’ receives WSJ recognition June 15, 2022 When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistry company’s leadership. “It is an exceptionally well-run organization with an ou... Read More previous Next Our Portfolio Explore the full Platinum Equity portfolio of companies by transaction type, industry, location or ownership status. BROWSE NOW
Caterpillar Completes Sale of Third-Party Logistics Business to Platinum Equity
Home / News / Caterpillar Completes Sale Of Third Party Logistics Business
Peoria, Ill. – Caterpillar Inc (NYSE: CAT) and Platinum Equity announced today that Platinum Equity’s acquisition of a majority interest in Caterpillar Logistics Services has been completed. Caterpillar will retain a 35 percent equity stake in the business. The overall transaction is valued at approximately $750 million.Caterpillar Logistics Services is the third party logistics division of Caterpillar’s wholly owned subsidiary, Caterpillar Logistics Inc. (Cat Logistics). Platinum intends to establish the business as a standalone company under a new brand that will be announced at a later date.“The sale of the third party logistics business was driven by the strategic focus on the significant growth opportunities in our company’s core businesses,” said Steve Larson, vice president of Caterpillar and chairman and president of Cat Logistics. “We are very proud of the outstanding team that has delivered value to customers around the world for more than 25 years, and believe that in Platinum Equity we have picked the right partner to ensure strong growth and continued success for the business going forward.” Platinum Equity Partner Jacob Kotzubei is excited about the prospects for the business under new ownership."Caterpillar Logistics Services has tremendous opportunity ahead of it, with dedicated employees, a rich history of innovation and a compelling customer value proposition,” said Kotzubei. "We look forward to building on that tradition while establishing a new identity and propelling the company to new levels of success."A team that includes Platinum in-house operations specialists is focused on transitioning the newly acquired business. A rebranding initiative is underway, and a new corporate name and image will be announced as that process unfolds."It is with great confidence and excitement that our business begins our new journey today. I look forward to expanding our service offerings and continuing to provide world class, innovative logistics solutions to our current and future clients," said Dan Spellman, president and chief operating officer of Caterpillar Logistics Services LLC. “I am excited to work with Platinum Equity as our new majority owners. Their expertise executing seamless corporate carve-outs and their commitment to operational excellence will be great assets to our company.”The sale does not impact Caterpillar manufacturing logistics and transportation operations or Cat brand parts distribution. These services will continue as core businesses within Cat Logistics. As part of the sale to Platinum Equity, the divested third party logistics business will continue to provide logistics services for non Cat branded parts including FG Wilson, Perkins, Solar, as well as for Caterpillar Japan.About Platinum EquityPlatinum Equity is a global M&A&O® firm specializing in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing, and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 130 acquisitions.About CaterpillarFor more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: https://www.caterpillar.com.
Image Sensors from Truesense Imaging Enable Mars Science Laboratory To Capture High Definition Images From Mars
Home / News / Image Sensors From Truesense Imaging Enable Mars Science
Rochester, NY – When NASA's Mars Science Laboratory (MSL) rover Curiosity lands on Mars this weekend, image sensors from Truesense Imaging will be on board to capture high definition color images from the surface of the Red Planet.Curiosity, scheduled to land during the early morning hours of August 6 (U.S. Eastern time), is designed to assess whether Mars ever had an environment able to support life by deploying the most advanced set of scientific instruments ever sent to the planet. As part of that instrument suite, all four science cameras on the rover are designed using image sensors from Truesense Imaging to capture high resolution color images of the planet."Time and again, image sensors from Truesense Imaging have performed under the most demanding conditions," said Chris McNiffe, CEO of Truesense Imaging, Inc. "Going to Mars as part of this mission is a testament to the teams who design and manufacture our image sensors, and who make this level of quality and performance available to all of our customers.""As with all our spaceflight cameras, these cameras for Curiosity have to take high quality images under very challenging conditions," said Michael Ravine, Advanced Projects Manager at Malin Space Science Systems. "Based on our past experience with Truesense Imaging CCDs‚ we've used them on eight different deep space cameras before MSL‚ we knew they would provide the performance and reliability we needed for a multi-year Mars surface mission. We're looking forward to receiving the first color images of the spectacular Gale Crater landing site."Four different cameras on Curiosity use the KAI-2020 Image Sensor to capture high resolution images of Mars during this mission: The Mars Descent Imager (MARDI) will be active during the rover's descent, capturing hundreds of natural color images of the planet's surface to provide an initial visual framework of the landing site for early operations. The Mars Hand Lens Imager (MAHLI) will capture close-up color images of Martian rocks and surface material at a resolution of up to 14.4 Œºm per pixel‚ enough to detect an object smaller than the width of a human hair. The Mast Camera (MastCam), the imaging "workhorse" of the rover, will capture high resolution color images of the terrain explored by the rover. This system is comprised of two separate cameras that use lenses of different focal lengths, allowing detailed images to be captured of objects both near to and far from the rover. As an example, MastCam-100, which uses a 100 mm lens to capture images far from the rover, can detect an object about the size of 2 golf balls from a distance of 1 km.All four of these cameras are based on the KAI-2020 Image Sensor, a 2 megapixel (1600 x 1200 pixel) Interline Transfer CCD that provides high dynamic range, low dark current, and electronic shutter with precise exposure control. The cameras all capture images in full color at over 4 full resolution images per second, while the MastCam cameras can provide full-color 720p high definition video (1280 x 720 pixels) at 6 fps, well beyond the capabilities of the cameras used on prior missions to Mars.Curiosity is the second Mars rover to use image sensors from Truesense Imaging. In 1997, KAI-0371 Image Sensors served as the "eyes" of Mars Pathfinder's Sojourner, the first rover to explore the surface of Mars. Today, image sensors from Truesense Imaging are used in three different orbiters around Mars, as well as orbiters around both Venus and the Moon. In addition, a KAI-2020 Image Sensor is currently en route to Jupiter as part of the Juno mission, which will provide 3-color images of the planet from orbit when it arrives in 2016.For additional information, please contact Truesense Imaging at (585) 784-5500 or info@truesenseimaging.com. For information on Truesense Imaging's full line of high performance image sensors, please visit www.truesenseimaging.com. Visit our blog at truesenseimaging.com/blog.About Truesense Imaging, Inc.Truesense Imaging, Inc. is a leading provider of high-performance image sensors serving the machine vision, traffic, surveillance, medical, photography, and scientific imaging applications. With 40 years experience in the design, development, and manufacturing of high-performance image sensors, Truesense Imaging is uniquely positioned to offer the broadest sensor portfolio with an outstanding combination of resolution, frame rates, and performance, making them ideally suited for the world's most demanding imaging applications.
Schutt Sports' Helmets: Protecting the Yolk
Home / News / Schutt Sports Helmets Protecting The Yolk
With player safety a leading concern among football players at all levels of play, Pro Football Weekly devoted an in-depth three-part article to the football helmet industry: manufacturing challenges, the major industry players, and NOCSAE (National Operating Committee on Standards for Athletic Equipment) testing. Platinum Equity portfolio company Schutt Sports is one of the four companies profiled for its innovative approach to impact absorption and its TPU Cushioning.Concussion prevention is among the NFL's primary concerns, an issue being taken seriously by NFL Commissioner Roger Goodell. Helmet manufacturers are working to improve their products and to better protect players' heads, and Schutt helmets—worn by over 30 percent of NFL players, making it the second-most popular helmet in the NFL—are designed to perform optimally in three key areas: impact absorption, strength and weight, and air flow (for cooling)."We believe we have the most dynamic and best-performing protective system on the field," said Glenn Beckman of Schutt Sports. The TPU Cushioning used by Schutt in helmets since 2003 is better at "absorbing impact more consistently than traditional foam padding," Beckman explained. Schutt is now manufacturing its fourth generation of helmets using TPU Cushioning.Article Part 1 »Article Part 2 »Article Part 3 »
Keystone Automotive Operations Announces Opening of Portland, Oregon Warehouse Operations
Home / News / Keystone Automotive Operations Announces Opening Of Portland
Exeter, PA – Keystone Automotive Operations, Inc. announced today that the company is again expanding its operations, in order to serve its customers better in the Pacific Northwest and Western Canada. The company has been very actively growing over the past few years and will be opening its fifth warehouse in the Portland Metropolitan Area. As part of Keystone's recent acquisition of NTP Distribution, Inc. (a leading Wholesale Distributor of aftermarket RV products, parts and accessories), Keystone is now able to supply automotive products from this major location.Keystone's leadership is very enthusiastic about this expanded capability. "We have made significant investments like this in our business in combination with the expansion of cross-dock operations and truck runs and we look forward to providing better service for our customers," said Keystone's VP of Operations, Chris Koshinski. "These improvements will certainly offer a new and stronger value proposition to the performance automotive market's customers in the Pacific Northwest," said, Christopher Patti, VP of US Sales. "All this leads to increased service level and inventory positions which will enable us to retain and increase our ever growing Western customer base," said, Ralph Ruzzi, VP of Canada Sales.About Keystone AutomotiveKeystone Automotive Operations, Inc. and its affiliates are wholesale distributors and retailers of aftermarket automotive accessories and equipment, servicing customers in all regions of the United States and provinces of Canada, as well as various other international locations. The Company's five warehouses and fleet of over 300 trucks provide multi-day per week delivery and returns to the 48 contiguous states and 9 provinces of Canada. Keystone sells and distributes specialty automotive products, including accessories, trim items, wheels, tires and suspension parts, and high performance parts to approximately 15,000 customers. The Company is headquartered in Exeter, PA.For more information about Keystone Automotive Operations, Inc., visit Keystone AutomotiveAbout NTP Distribution, Inc.NTP Distribution, Inc. is a national provider of quality aftermarket products, parts, and accessories for dealers in the recreational vehicle and hitch and tow industries. Wallace J. Lewis founded the company in 1962 as Northwest Trailer Parts. Today the company has 200 employees, 5 distribution centers across the U.S. NTP's corporate headquarters is located in Wilsonville, OR.
Diversified Machine Announces New Leadership
Home / News / Diversified Machine Announces New Leadership
Wixom, MI – Diversified Machine Inc. (DMI), a vertically-integrated supplier of fully engineered chassis and powertrain components and modules to the automotive industry, today announced the appointment of Robert J. Remenar as CEO. Mr. Remenar, 56, replaces former DMI Chairman and CEO Bruce Swift who stepped down in March.“We conducted a thorough and comprehensive search for a leader with the right combination of experience, ambition and intellect to help drive the transformation of DMI into a larger, global platform,” said Bryan Kelln, President of Portfolio Operations for Platinum Equity, which acquired DMI in December 2011. “We interviewed many capable candidates and Bob emerged as the best possible fit based on his proven track record leading a successful global Tier-1 supplier and his compelling vision for the future of DMI.”Mr. Remenar is an automotive industry veteran who joins DMI from Nexteer Automotive, where he served as President and CEO. Mr. Remenar will continue to serve on the Nexteer Board of Directors. During Mr. Remenar’s tenure, Nexteer evolved into a successful, stand-alone global enterprise with a diverse customer base, footprint and product portfolio. “I am excited to join DMI at such a pivotal time and look forward to working with DMI’s customers, employees and other partners to help the organization evolve and reach its full potential,” said Mr. Remenar. “With Nexteer now on a stable and firm growth path, I wanted a new opportunity where I can deploy my passion for building teams, customer satisfaction, enterprise value and success. DMI is poised for growth with exciting opportunities to increase geographic and customer diversity, and to continue improving fundamental business operations, product quality and customer service.”Mr. Remenar was previously president of the former Delphi Steering Division, a business unit that spun out of Delphi and transformed into Nexteer. While at Delphi Mr. Remenar was also a Delphi Corp. officer and vice president and member of its strategy board. Mr. Remenar began his career in the auto industry in 1985 with General Motors. He held various operational, financial and human resource roles within Delphi and within GM in corporate financial analysis, labor relations, employment cost analysis and compensation, policy development, and employee relations.Mr. Remenar earned an undergraduate degree from Central Michigan University and a master’s degree in business administration from Walsh College. He is a member of the President’s Advisory Council of Walsh College, the Dean’s Business Advisory Council of Central Michigan University. Mr. Remenar serves on the board of directors of the PKC Group and Stackpole International.About Diversified Machine Inc. Diversified Machine Inc. is a leading vertically-integrated supplier of fully engineered chassis and powertrain components and modules for the automotive OEMs and Tier 1 suppliers. A global supplier with operations strategically located to better serve its customers, DMI offers fully-integrated design, development, testing, casting, machining, and assembly capabilities, of both aluminum and ductile iron components. DMI’s integrated machining and casting capability, often in the same manufacturing environment, provides for full-service supply, higher efficiency and quality, and lower cost to the customers. DMI’s global operations include: machining and assembly plants; aluminum foundries that cast and machine; a ductile iron foundry; an engineering design and testing lab; and a full service supplier capability. www.divmi.com.About Platinum Equity Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 130 acquisitions.
Quark Acquires Mobile IQ for Enterprise Digital Publishing
Home / News / Quark Acquires Mobile Iq For Enterprise Digital Publishing
Denver, CO – Quark announced today its acquisition of Mobile IQ, creators of PressRun™, the cloud-based digital publishing solution developed to deliver innovative, interactive tablet and mobile experiences.Quark was acquired by Platinum Equity in August 2011 and has been working closely with Platinum's M&A team to identify and pursue growth opportunities. Quark identified Mobile IQ as an ideal fit for expanding the company's digital publishing solutions for the enterprise. With an impressive client base and an established presence in the United States and United Kingdom, Mobile IQ brings to Quark a high-caliber team, market-leading solutions, and a shared vision of digital publishing that includes HTML5 and XML."Quark's intention is to be the leader in dynamic publishing. Our acquisition of Mobile IQ is the next step in offering the most comprehensive end-to-end solutions for publishing to mobile devices," said Ray Schiavone, Quark President and CEO. "With the Mobile IQ team and their leading technology, we advance our ability to help organizations create structured content that can be combined with rich design and delivered across media channels in the most efficient ways possible."As a part of the acquisition, Mobile IQ becomes a subsidiary of Quark. Mobile IQ customers will continue to work directly with the Mobile IQ team, while benefiting from Quark's expertise in broader enterprise publishing solutions. Due to the close alignment of vision and technology, customers should look forward to rapid integration of Mobile IQ technology with Quark's enterprise solutions."It was evident from our early conversations that there is significant affinity between Mobile IQ and Quark's approach to digital publishing," said Shaun Barriball, Mobile IQ CEO and Founder. "This acquisition gives the Mobile IQ team an opportunity to continue developing an innovative roadmap for publishers, while expanding the use of our technology into new enterprise markets, such as financial services, manufacturing, and government."Mobile IQ's PressRun solution for tablet publishing will continue to support multiple content creation formats, including HTML5, XML, and Adobe InDesign. To read more about PressRun support for InDesign, please see today's announcement about its compatibility with InDesign CS6.Financial terms of the transaction were not disclosed.About Mobile IQWith offices in London and Basingstoke in the United Kingdom and San Francisco in the United States, Mobile IQ has been at the cutting-edge of innovation in digital publishing for more than six years. The team has extensive background in enterprise mobile solutions and was responsible for developing the BBC News app, one of the most downloaded apps globally and the app that set the standard for news app design. Mobile IQ's flagship offering, PressRun is the cloud-based digital publishing solution that delivers innovative, interactive digital tablet experiences.PressRun uses HTML5, the next-generation Web language, to translate content for the iPad and iPhone, as well as for Android smartphones and tablets. Mobile IQ customers include The BBC, Time Inc., Metro, New England Journal of Medicine, Channel 4, and Top Gear. Metro recently won "App of the Year" at the UK Newspaper Awards 2012. In 2011, The BBC Good Food App won the PPA Data & Digital Publishing Award for "App of the Year," and United Business Media's Property Week Interactive Magazines won "Digital Edition of the Year."About QuarkFounded in Denver in 1981, Quark's vision was to create software that would lay the foundation for modern publishing. For 30 years, Quark has delivered on that promise. Quark's dynamic publishing solutions are setting new standards in automated cross-media publishing by combining the power of XML with flexible layout and design to automate the delivery of customized, intelligent communications across print, the Web, and digital media.Quark and the Quark logo are trademarks or registered trademarks of Quark Software Inc. and its affiliates in the U.S. and/or other countries. PressRun is a trademark of Mobile IQ Ltd. All other marks are the property of their respective owners.Contact:Sarah RectorQuark Software Inc.303-894-3753srector@quark.com
Caterpillar to Sell Majority Interest in Third Party Logistics Business to Platinum Equity
Home / News / Caterpillar To Sell Majority Interest In Third Party
Peoria, IL – Caterpillar Inc. today announced it has signed an agreement that would result in Platinum Equity acquiring a 65 percent equity stake in Caterpillar Logistics Services LLC, the third party logistics division of its wholly owned subsidiary, Caterpillar Logistics Inc. (Cat Logistics). The pending sale of the third party business supports Caterpillar's increased focus on the continuing growth opportunities in its core businesses. The overall transaction is valued at approximately $750 million. Under the terms of the agreement, Caterpillar would retain a 35 percent equity stake. Other terms are not being disclosed. The closing of the transaction is pending customary closing conditions including regulatory approvals and consultation with employees and employee representatives, in accordance with local, country and regional employment practices."The sale of the third party logistics business would be a key step in the execution of our enterprise strategy. This event enables Caterpillar to increase its focus on our core business that aligns with our strategic business model," said Stu Levenick, Caterpillar group president with responsibility for Customer & Dealer Support. "We believe the transaction with Platinum will set the third party logistics business on a path for continued growth and success."Over the past 25 years, the third party logistics business has provided outstanding logistics service to more than 50 customers worldwide in a number of different industries. As part of the agreement with Platinum, the third party logistics business will continue to provide logistics services for non Cat branded parts including FG Wilson, Perkins, Solar, as well as for Caterpillar Japan.Platinum Equity Partner Jacob Kotzubei said the investment is a perfect fit for Platinum given the firm's significant experience in executing carve-out transactions and operating logistics businesses."We have a lot of experience owning and operating businesses that provide complex supply-chain solutions," said Kotzubei. "We know what customers expect, and we share Cat Logistics' commitment to the highest levels of service and dependability.""We are excited about this opportunity to partner with Platinum Equity. We are confident we have chosen the right partner to focus on the third party logistics business and grow it to build long-term value," said Steve Larson, vice president of Caterpillar and chairman and president of Cat Logistics. "We also thank our third party logistics employees for their commitment and dedication, which has enabled Caterpillar's third party business to become a global leader in service parts logistics. As the transaction is finalized, we are committed to working closely with Platinum to ensure a seamless transition so customers continue to receive the high level of service and value they have come to expect."The proposed sale does not impact Caterpillar manufacturing logistics and transportation operations and Cat brand parts distribution; they will continue as core businesses within Cat Logistics. In fact, Caterpillar previously announced plans for a multiyear expansion and enhancement of the Cat parts distribution network, which, to date, has added over four million square feet of capacity in new parts distribution centers in the United States, Mexico and the United Arab Emirates.The transaction is expected to close in the third quarter of 2012.About CaterpillarFor more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.Forward-Looking StatementsCertain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.Caterpillar's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global economic conditions and economic conditions in the industries and markets we serve; (ii) government monetary or fiscal policies and infrastructure spending ; (iii) commodity or component price increases and/or limited availability of raw materials and component products, including steel; (iv) our and our customers', dealers' and suppliers' ability to access and manage liquidity; (v) political and economic risks and instability, including national or international conflicts and civil unrest; (vi) our and Cat Financial's ability to: maintain credit ratings, avoid material increases in borrowing costs, and access capital markets; (vii) the financial condition and credit worthiness of Cat Financial's customers; (viii) inability to realize expected benefits from acquisitions and divestitures, including the acquisition of Bucyrus International, Inc.; (ix) international trade and investment policies; (x) challenges related to Tier 4 emissions compliance; (xi) market acceptance of our products and services; (xii) changes in the competitive environment, including market share, pricing and geographic and product mix of sales; (xiii) successful implementation of capacity expansion projects, cost reduction initiatives and efficiency or productivity initiatives, including the Caterpillar Production System; (xiv) sourcing practices of our dealers or original equipment manufacturers; (xv) compliance with environmental laws and regulations; (xvi) alleged or actual violations of trade or anti-corruption laws and regulations; (xvii) additional tax expense or exposure; (xviii) currency fluctuations; (xix) our or Cat Financial's compliance with financial covenants; (xx) increased pension plan funding obligations; (xxi) union disputes or other employee relations issues; (xxii) significant legal proceedings, claims, lawsuits or investigations; (xxiii) compliance requirements imposed if carbon emissions legislation and/or regulations are adopted; (xxiv) changes in accounting standards; (xxv) failure or breach of IT security; (xxvi) adverse effects of natural disasters; and (xxvii) other factors described in more detail under "Item 1A. Risk Factors" in our Form 10-K filed with the SEC on February 21, 2012 for the year ended December 31, 2011. This filing is available on our website at www.caterpillar.com/secfilings.SOURCE Caterpillar Inc.
MegaPath Now the Largest National Operator of Ethernet Over Copper in the U.S.
Home / News / Megapath Now The Largest National Operator Of Ethernet Over
San Jose, CA – MegaPath Corporation, one of the leading providers of managed data, voice, and security services in North America, today announced that as a result of its latest build out of central offices across the country, it is now the largest provider of on-net Ethernet over Copper (EoC) services in the United States.MegaPath offers EoC on its network in 19 major markets and counting. Services are available in markets nationwide, including Los Angeles, New York, Washington D.C., Chicago, Dallas, Miami and San Francisco, reaching millions of businesses with symmetrical speeds up to 45 Mbps. Over the past year, MegaPath partners have broadened and continued to grow their businesses leveraging Ethernet as a viable alternative to T1 and Bonded T1 access. Ethernet delivers more bandwidth than traditional T1 or Bonded T1 services at a much lower cost."With the latest central office deployment, MegaPath has met its goal of becoming the single largest, national competitive operator of Ethernet over Copper in the country," said Brian Washburn, Research Director, Network Services, Current Analysis. "Beyond the traditional IP broadband services within its portfolio, MegaPath can offer more capacity at a lower price per bit, an attractive option for SMBs, distributed enterprises and MegaPath's wholesale partners, backed by strong service level agreements.""The SMB and enterprise markets are demanding more affordable ways to get high bandwidth and Ethernet is delivering a reliable and secure solution at a breakneck pace," said Dan Foster, President, Business Markets, MegaPath. "We are extremely proud of the investment we've made in our secure to the core network serving more than 235 metro markets throughout the United States. Our partners and customers can now truly offer and receive Internet access via a best-fit solution without sacrificing speed or reliability.""Our wholesale partners – both existing and new – have embraced MegaPath's broader rollout of Ethernet over Copper services," said David Williams, Senior Vice President, MegaPath Wholesale. "More than ever before, our partners can better target customers in the healthcare, media, professional services and education markets that leverage high bandwidth dependent applications."MegaPath plans to continue investing in its Ethernet network and will announce new markets for Ethernet over Copper throughout 2012. For more information on MegaPath's EoC services, visit http://www.megapath.com/data/ethernet/product-spotlight.About MegaPathMegaPath Corporation operates one of the largest end-to-end communications networks in the country, providing both commercial and wholesale services. The company provides a full range of data, voice, and security services for small, medium, and enterprise businesses nationwide, as well as wholesale solutions to the carrier and service provider markets through one of the largest end-to-end networks in the country. MegaPath helps businesses easily and securely communicate between their headquarters, employees, and business partners to lower costs, increase security, and enhance employee productivity. To learn more about MegaPath's managed IP data, voice, and security services, please visit www.megapath.com.Media Contact:Tony WelzWelz & Weisel Communications703-877-8101tony@w2comm.com
Ryerson Announces New Illinois Service Center
Home / News / Ryerson Announces New Illinois Service Center
Chicago, IL – Ryerson Inc., one of the leading processors and distributors of metals in North America, with global operations in North America, China and Brazil, today announced that it will open a new bar processing depot and full line service center in DeKalb, Illinois. The 150,000-square-foot facility is expected to begin operations in June 2012."This new facility is a platform for serving our customers' growing demand for the bar market in the Midwest. The expanded capabilities combined with the strategic location and logistical access to suppliers and customers, will allow us to remain a leading source to serve our customers," said Michael Burbach, President of Ryerson Midwest.Jeff Redfield, General Manager of Ryerson Illinois/Missouri added, "The new DeKalb location will complement the existing full-line facilities in Burns Harbor, IN and St. Louis, MO by improving our service to customers in the center of Illinois and increasing our breadth of inventory in bar to all customers. This investment follows the recent opening of the plate processing facility in Eldridge, IA and further enhances our industry-leading offering of inventory and services."About Ryerson Inc.Ryerson Inc., a Platinum Equity company, is a leading North American processor and distributor of metals, with operations in the United States, Mexico, Canada, China and Brazil. The Company distributes and processes various kinds of metals, including stainless and carbon steel and aluminum products.
