Daily Archives: November 14, 2018

Wencor Group Announces Acquisition of Silver Wings

Peachtree City, GA, Nov. 14, 2018 (GLOBE NEWSWIRE) — WENCOR GROUP ANNOUNCES ACQUISITION OF SILVER WINGS

Peachtree City, GA (November 8th, 2018) — Wencor Group (“Wencor”), a leading solutions provider to the aerospace aftermarket, today announced the acquisition of Silver Wings Aerospace, a certified 145 repair station specializing in electric power and hydraulic component repair with unique capabilities in Used Serviceable Material (“USM”). Terms of the transaction were not disclosed.  “We are pleased to welcome Silver Wings leadership and their employees to the Wencor team. This partnership aligns with our strategy to drive ATA chapter depth and proprietary component repair capabilities while enhancing our presence in USM. We are thrilled to partner with great entrepreneurs like Eddie Montalvo and Sean Beaubien and look forward to working with the rest of their team who have developed a high quality customer-focused MRO business” said Chris Curtis, Chief Executive Officer of Wencor Group.

Eddie Montalvo, President of Silver Wings, commented, “We are very excited to be joining such an esteemed company like Wencor who shares our commitment to offering exceptional quality and the highest levels of customer service.  Together, Silver Wings and Wencor can offer innovative solutions and ultra-competitive value to our global customers.”

Sheppard, Mullin, Richter & Hampton LLP served as legal counsel to Wencor Group and McCormick, McCormick & McCormick, P.A. served as legal counsel to Silver Wings Aerospace.

About Wencor Group, LLC

Wencor Group has been a trusted partner in aerospace for over 60 years, offering PMA design and development, CMM and DER repairs, and an extensive network of distribution solutions to help make flights safer and more cost effective. We support many of the commercial airlines, repair stations and OEMs worldwide through our corporate affiliates Wencor, Soundair Aviation Services, PHS/MWA

Aviation Services, Aerospace Coatings International, Accessory Technology Corporation, Xtra Aerospace, Flight Line Products, Fortner Engineering & Manufacturing, Inc., and Kitco Defense. Wencor Group is headquartered in the Atlanta, Georgia area with additional offices in Utah, Miami, Seattle, Southern California, Alabama, New York, Amsterdam, Singapore, and Istanbul. For more information about the Wencor Group, please visit www.wencorgroup.com.

About Silver Wings

Silver Wings Aerospace, Inc is a full service FAA/EASA repair station specializing in the purchase / sale / lease / loan and overhaul of critical components for the global commercial fleet.  Silver Wings delivers high impact cost savings through asset ownership, repair expertise, and engineered solutions with a single point of contact.  Areas of focus include IDGs, APU generators, Hydraulics, and Waste Systems.  With over 100 years of combined MRO management experience, Silver Wings places Quality as the top core company value.  Every relationship, every repair, every transaction, every contact is handled with extreme care and attention.  Located in Princeton, Florida, Silver Wings counts on major airline and MRO customers from all over the world. For more information, please visit www.silverwingsaerospace.com.

Christopher B. Curtis
Wencor Group
770-626-3607
Chris.Curtis@WencorGroup.com

Wencor Group Announces Acquisition of Silver Wings

Peachtree City, GA, Nov. 14, 2018 (GLOBE NEWSWIRE) — WENCOR GROUP ANNOUNCES ACQUISITION OF SILVER WINGS

Peachtree City, GA (November 8th, 2018) — Wencor Group (“Wencor”), a leading solutions provider to the aerospace aftermarket, today announced the acquisition of Silver Wings Aerospace, a certified 145 repair station specializing in electric power and hydraulic component repair with unique capabilities in Used Serviceable Material (“USM”). Terms of the transaction were not disclosed.  “We are pleased to welcome Silver Wings leadership and their employees to the Wencor team. This partnership aligns with our strategy to drive ATA chapter depth and proprietary component repair capabilities while enhancing our presence in USM. We are thrilled to partner with great entrepreneurs like Eddie Montalvo and Sean Beaubien and look forward to working with the rest of their team who have developed a high quality customer-focused MRO business” said Chris Curtis, Chief Executive Officer of Wencor Group.

Eddie Montalvo, President of Silver Wings, commented, “We are very excited to be joining such an esteemed company like Wencor who shares our commitment to offering exceptional quality and the highest levels of customer service.  Together, Silver Wings and Wencor can offer innovative solutions and ultra-competitive value to our global customers.”

Sheppard, Mullin, Richter & Hampton LLP served as legal counsel to Wencor Group and McCormick, McCormick & McCormick, P.A. served as legal counsel to Silver Wings Aerospace.

About Wencor Group, LLC

Wencor Group has been a trusted partner in aerospace for over 60 years, offering PMA design and development, CMM and DER repairs, and an extensive network of distribution solutions to help make flights safer and more cost effective. We support many of the commercial airlines, repair stations and OEMs worldwide through our corporate affiliates Wencor, Soundair Aviation Services, PHS/MWA

Aviation Services, Aerospace Coatings International, Accessory Technology Corporation, Xtra Aerospace, Flight Line Products, Fortner Engineering & Manufacturing, Inc., and Kitco Defense. Wencor Group is headquartered in the Atlanta, Georgia area with additional offices in Utah, Miami, Seattle, Southern California, Alabama, New York, Amsterdam, Singapore, and Istanbul. For more information about the Wencor Group, please visit www.wencorgroup.com.

About Silver Wings

Silver Wings Aerospace, Inc is a full service FAA/EASA repair station specializing in the purchase / sale / lease / loan and overhaul of critical components for the global commercial fleet.  Silver Wings delivers high impact cost savings through asset ownership, repair expertise, and engineered solutions with a single point of contact.  Areas of focus include IDGs, APU generators, Hydraulics, and Waste Systems.  With over 100 years of combined MRO management experience, Silver Wings places Quality as the top core company value.  Every relationship, every repair, every transaction, every contact is handled with extreme care and attention.  Located in Princeton, Florida, Silver Wings counts on major airline and MRO customers from all over the world. For more information, please visit www.silverwingsaerospace.com.

Christopher B. Curtis
Wencor Group
770-626-3607
Chris.Curtis@WencorGroup.com

Colliers International Expands in South Florida

Acquisition of Preeminent Brokerage and Management Firm Strengthens Leadership and Service Offering

TORONTO and MIAMI, Nov. 14, 2018 (GLOBE NEWSWIRE) — Leading global commercial real estate services and investment management firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) today announced the acquisition of Continental Real Estate Companies Commercial Properties Corp. (“CREC”), a market-leading commercial real estate services firm specializing in property management, project management and sales and lease brokerage. Founded in 1989 by Warren Weiser and Carol Greenberg Brooks, this acquisition brings an extensive portfolio of more than 12.6 million square feet of office, industrial and retail space in Florida and more than 100 professionals operating from three offices throughout the state to Colliers. Terms of the transaction were not disclosed.

“This strategic acquisition positions Colliers as the top management and retail brokerage firm in the vibrant South Florida market,” said Ryan Kratz, President, Southeast Region | U.S. Brokerage for Colliers International. “Adding Warren and Carol and their talented group of professionals to our company sets Colliers apart as the commercial real estate services firm of choice for the region’s most successful companies.”

“While we have enjoyed tremendous success as an independent firm, we are increasingly competing in a global environment where clients require a comprehensive international platform and industry-leading tools in order to provide them with the service they require,” said Warren Weiser.

“We are thrilled to join Colliers and be part of a team that is aligned with our entrepreneurial culture and focus on service excellence. We are now ideally positioned to accelerate our growth in the Florida market by leveraging the Colliers global brand, infrastructure and relationships,” added Carol Greenberg Brooks.

“This addition is the fifth strategic acquisition we have completed in the U.S. this year, all of which have strengthened and diversified our operations to better serve our clients,” said Dylan Taylor, President and COO of Colliers International. “Our objective continues to be focused on elevating the Colliers International platform and remaining the most enterprising and entrepreneurial company in the industry with professionals who thrive in a culture that helps accelerate their success.”

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.

COMPANY CONTACT:

John B. Friedrichsen
Chief Financial Officer
(416) 960-9500

Ryan Kratz
President Southeast Region | U.S. Brokerage
(813) 871-8536

Major telco company partners with Vricon to accelerate 5G rollouts across the USA

Vricon supports major U.S. telecommunications firm with high-resolution 3D geodata for urban and suburban regions across the United States

McLean, VA, Nov. 14, 2018 (GLOBE NEWSWIRE) — Vricon is pleased to announce that a major U.S. telecommunications company recently acquired Vricon’s high-resolution 3D geodata to support large-scale 5G telecommunications network planning and design. Under the multimillion-dollar contract, Vricon will provide the firm with 3D data of urban and suburban population centers across the United States.

The company is leveraging Vricon’s recent innovations in mapping to accelerate 5G infrastructure planning nationwide. 5G increases the need for accurate, high-resolution geodata. Vricon’s unique big-data solution uses the world’s largest archive of 50cm commercial satellite imagery; the solution is built using automated 3D modeling algorithms that create cost-effective, scalable geodata. By adopting Vricon’s unique mapping technology, telecommunications companies accelerate their network designs while also passing along cost savings to consumers.

“This presents Vricon with a great opportunity to work with a leader in the telecommunications industry and support the industry’s 5G rollout,” said Magnus Brege, CEO of Vricon. “We see the potential in 5G to spark major innovations for both the consumer and business markets.”

The leap to 5G will reduce latency in networks, make network speeds 10 times faster, expand coverage, and increase capacity. The combination of these positive effects will enhance mobile connectivity, unlock the potential of the Internet of Things, and enable vehicle safety systems while empowering driverless cars.

Vricon’s Telco Suite is a cost-effective, next-generation solution that helps telecommunications companies design networks for optimal performance. The Telco Suite is scalable and covers regional, country, metropolitan, and city-specific planning needs.

About Vricon
Vricon serves the global professional geospatial market with world-leading 3D geodata and 3D visualization solutions. Vricon is headquartered in McLean, Virginia. For further information, visit http://www.vricon.com.

Vricon Media Contact
Craig Brower
+1 (703) 283-4588
media@vricon.com

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Craig Brower
Vricon
703-283-4588
craig.brower@vricon.com