United States

Perspectives

Elon Musk Twitter Deal Reignites Public v. Private Ownership Debate

Rialto Markets CEO and Co-founder Shari Noonan explains why Elon Musk’s proposed US $44 billion swoop on social media platform Twitter has reopened the long-standing debate on the merits of companies staying or going private. For now, Tesla and SpaceX boss – and the world’s richest man (with an estimated worth of US $244 billion), Elon Musk, is said to…

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Events

Webinar: An Exercise in Building Cybersecurity into Your Compliance Program (May 25, 1PM ET/11AM PT/6PM BST)

A webinar designed to examine some of the challenges and solutions to adding cyber regulatory compliance to your supply chain risk management program, including cyber overlays on traditional compliance approaches, cross-departmental involvement, framework selection, execution of framework questionnaires, and evidence gathering, procedural best practices, and real-world snags along the way.   SPEAKERS   Matthew Ancelin, Sales Engineering DirectorSecurity Scorecard Kristin…

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News

Aramark to Spin-off Uniform Services Business

Aramark has announced plans to separate its Aramark Uniform Services (AUS) business into an independent, publicly traded company by the end of fiscal year 2023. The spin-off is expected to qualify as tax-free to Aramark and its stockholders for U.S. federal income tax purposes. Unveiling the plan, John Zillmer, Aramark Chief Executive Officer, said: ““Substantial improvements across the Company—including culture,…

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News

USGBC Reports on IAQ in Schools

A new report from the Center for Green Schools at the U.S. Green Building Council (USGBC) and ASHRAE details how school districts in the United States have continued to manage air quality within their schools during the COVID-19 pandemic. “Managing Air Quality in the Pandemic: How K-12 Schools Addressed Air Quality in the Second Year of COVID-19” builds on an April 2021 report,…

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News

Aris Water Solutions Enters Full Cycle Water Management Agreement with Chevron U.S.A.

Aris Water Solutions has signed a long-term full cycle water management agreement with Chevron in the Permian Basin, southwestern United States. Under the arrangement, Aris will provide produced water handling and recycling services in a portion of Chevron’s core position in the Delaware Basin, including acreage in Eddy and Lea Counties, New Mexico and Culberson and Reeves Counties, Texas. The…

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Corporate

European Divestments Pave Way for Rentokil Initial Takeover of Terminix

Terminix has entered into a definite agreement to divest its pest management businesses in the United Kingdom and Norway in response to regulatory stipulations relating to its pending acquisition by Rentokil Initial plc. The Divestment is expected to close in the next 30 to 60 days, subject to limited closing conditions. Terminix expects to record a loss on the sale…

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News

Triplett Launches Environmental Particle Counter for IAQ Monitoring

Simultaneously measures 6 channels of particle sizes down to 0.3 microns

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News

LA Industrial Portfolio Sells for US $85 Million

Cushman & Wakefield has advised the sale of a ±13.43-acre industrial park comprising five buildings totaling 95,600 square feet with two land parcels totaling ±4.17 acres all on the same cul-de-sac in Los Angeles. The portfolio is located strategically, adjacent to the Van Nuys Airport. Boston real estate investment firm Longpoint Realty Partners acquired the portfolio from private ownership. Jeff…

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Perspectives

The Hidden Costs of Smoking in Hotels

Jack O’Toole, co-founder and president of FreshAir Sensor, discusses a research finding that estimates the cost of unauthorized smoking for American hoteliers at US $5.4 billion annually. Tobacco and marijuana have been smoked in non-smoking hotel guest rooms for as long as non-smoking rooms have existed. The task of calculating the costs associated with unauthorized smoking in guest rooms is…

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News

Aramark Receives DiversityInc Recognition

Aramark has been recognized by DiversityInc has recognised Aramark as a Top Company for Employee Resource Groups (ERGs) for the first time, also recognising the foodservice and facility services provider as a “Top 50” company for diversity for a sixth consecutive year. During the 21st annual Top 50 Companies for Diversity event hosted by DiversityInc, the producers of the most…

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News

Honeywell Launches Connected Forge Warehouse Solution

Honeywell Forge Connected Warehouse, the latest enhancement to the company’s enterprise performance management software solution, promises to assist customers accelerating the digital transformation of their operations. Launched as part of the technology supplier’s Spring 2022 solutions’ offering, the solution is being promoted for its ability to help organizations simplify operations and lower costs by providing increased visibility to data as…

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News

Ethisphere Names JLL to its 2022 World’s Most Ethical Companies List

JLL has been included in Ethisphere’s World’s Most Ethical Companies list for a 15th consecutive year recognizing its commitment to business integrity through best-in-class ethics, compliance and governance practices. Ethisphere defines and advances standards of ethical business practices that fuel corporate character, marketplace trust and business success and provides a community of industry experts that takes the form of a…

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News

Republic Services and Archaea Energy to Develop U.S. Renewable Natural Gas Projects

Republic Services, Inc., and renewable natural gas (RNG) producer have announced a new joint venture to develop 39 RNG projects across the United States. The partnership, the country’s largest RNG portfolio build-out to date, will convert landfill gas into pipeline-quality RNG that can be used for a variety of applications to displace gas from fossil fuels. The initiative is expected…

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News

San Antonio Tech Port Center + Arena Opens to Sellout Crowds

ASM Global and its culinary division SAVOR have opened the 3,300 capacity Tech Port Arena in San Antonio, Texas with a sellout event headlined by rock band The Smashing Pumpkins who helped showcase state-of-the-art facility, sightlines, VIP amenities and a unique hospitality offering. Billed as the most technologically advanced lifestyle entertainment venue in the world, the venue offers a food…

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Corporate

Terminix Delivers Strong First-Quarter 2022 Results

Terminix has reported a year-on-year revenue increase of five percent to US $496 million for the first quarter of 2022 despite a US $8 million decrease in net income over the reporting period to US $19 million, or US $0.15 per share. Adjusted EBITDA for the quarter decreased year-on-year by US $4 million to US $86 million, and Adjusted Net…

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News

Republic Services Acquires US Ecology

Waste collection and environmental services provider Rublic Services has completed the acquisition of US Ecology, Inc., for the previously announced price of US $48 per share in cash representing a total value of US $2.2 billion including debt net of cash acquired. US Ecology stock will be delisted from the NASDAQ Global Select Market. The transaction expands Republic’s environmental solutions footprint across the U.S.…

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News

Harris Health System Vendor Equity Study Highlights Opportunity for MWBEs

Harris Health System, the public health system of Harris County, Texas has announced the findings of a disparity study commissioned by its Board of Trustees in 2020 which reviewed its use of Minority-and Women-owned Business Enterprises (MWBEs) for locally sourced contracts. The study, conducted by Colette Holt & Associates, shows Harris Health’s utilization of MWBEs during fiscal years 2018 and…

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News

Cushman & Wakefield Names Christina Roush as Managing Principal in San Diego

Cushman & Wakefield has appointed seasoned real estate leader Christina Roush as Managing Principal of its operations in San Diego, California. Roush brings over three decades of commercial real estate and leadership experience to her new role and will oversee the growth of Cushman & Wakefield offices in San Diego, including a new regional headquarters in Del Mar, Downtown, Carlsbad…

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News

Bringing Major Acts and Community Engagement to Kentucky Derby Week

Derby season is in full swing, and Louisville ASM Global-managed venues, The KFC Yum! Center, Lynn Family Stadium and Norton Healthcare Sports & Learning Center, have all stepped up to bring more entertainment options to local residents and visitors than ever before. The Louisville Initiative is part of ASM Global Acts, which is designed to dramatically elevate the company’s commitment…

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News

Cushman & Wakefield Bolsters Retail Valuation & Advisory Team

Cushman & Wakefield has hired veteran valuation professional Julie Holt-Swaun, MAI, MRICS to its Valuation & Advisory (V&A) practice in Seattle, Washington. Holt-Swaun will serve as an executive director and one of the firm’s key retail valuation experts in the Seattle and Greater Washington markets, working closely with Richard Latella, executive managing director and the Retail Practice Group leader for…

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News

ASM Deploys Facial Verification Network at Sports and Entertainment Venues

ASM Global has launched an industry-first facial verification network in partnership with technology innovator PopID. The first venue selected for the deployment, San Diego’s Pechanga Arena, hosted an American Hockey League (AHL) fixture between the Gulls and the Abbotsford Canucks this week, and follows a multiyear investment by ASM Global to redefine the return to live events by creating the…

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Perspectives

Ensuring a Comfortable and Enjoyable Guest Experience

Jack O’Toole, President and Co-Founder of FreshAirSensor, explains how monitoring for smoking is helping ensure a comfortable and enjoyable guest experience at JNR Management – Best Western and Marriott hotels in New England. JNR Management owns and operates Best Western, Marriott, and other branded hotels across New England. Robins Patel, principal owner at JNR, identifies reputation, quality, and consistently outstanding…

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News

Pfannenberg Launches Rainproof Filter Fan for Outdoor Electrical Enclosures

Pfannenberg’s new Outdoor Filterfan® brings rainproofing to electrical enclosures that rely on fan-based cooling. Certified to TYPE 3R. the new filter fan providing enclosures with protection against ingress of falling dirt, harmful effects of rain, sleet, snow and external ice formation. Further, it features UV resistance plastic to prevent premature degradation from direct sunlight. Traditional outdoor solutions would require installation…

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News

GatesAir Celebrates Centenary

The dawn of broadcasting arrived in the United States at 6pm on the evening of 2nd November 1920 when AM radio station KDKA of Pittsburgh signed onto the airwaves to announce the results of a presidential election. Months later, a food products specialist by the name of Henry Gates came to Pittsburgh on business, taking his son Parker, a radio…

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News

Harris Health Ben Taub Hospital Dedicates Surgical Suites to Former Surgeon

Accompanied by family, friends and colleagues, Kenneth L. Mattox, MD, returned to Harris Health Ben Taub Hospital on April 7 for a ceremony to dedicate the medical facility’s second-floor surgical suites in his honor. During a 60-year medical career that ended only in 2020, Mattox served as Ben Taub Hospital’s chief-of-staff and surgeon-in-chief for 31 years, with the hospital achieving…

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News

LightArt Introduces Acoustic Lights for Custom Connected Shapes

New from award-winning Seattle and Salt Lake City based lighting studio LightArt comes Static Links, a high-performance acoustic lighting system available in configurable dynamic shapes. The latest evolution of static fixtures from 3form’s lighting fabrication and design studio couples acoustic paneling with performance lighting core capabilities, with Static Links’ central hubs serving as conduits that can be connected and built…

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News

RPG Sells Equity in Fully Leased San Diego Commercial Properties

Cushman & Wakefield has represented RPG in the recapitalization sales of two Class A creative office and mixed-use office/retail assets in Carlsbad (San Diego), California. The properties had a combined building value of US $86 million at the time of transaction. Transacted separately, the recapitalizations consisted of Fusion, a recently transformed 121,541-square-foot Class A creative flex building that is fully…

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News

Johnson Controls Energy Efficiency Survey Reports Increasing Investment in Smart Energy

Johnson Controls has announced findings from its 15th annual Energy Efficiency Indicator Survey with 62 per cent of organisations in the survey sample reporting they expect to increase investment in energy efficiency, renewable energy or smart building technology in 2022, indicating a return to pre-pandemic levels.   The latest report by the United Nations Intergovernmental Panel on Climate Change advised…

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News

Aramark Recognizes Community Volunteers

With National Volunteer Month underway in the United States, Aramark is recognizing several outstanding employee volunteers from around the world for their service to local communities during the Covid-19 pandemic. The group’s Be Well. Do Well sustainability plan outlines Aramark’s goal of making a positive impact by working to reduce inequity, supporting and growing communities, and protecting the planet. Every…

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News

ASM Global First Venue Operator to Host NCAA Men and Women Finals

During the first week of April, ASM Global became the first venue management company to host the  NCAA men’s and women’s college basketball finals in its New Orleans Superdome and Minneapolis Target Center locations.   Attended by over 160,000 fans in both cities, the two major events continue a streak that began in 2022 for the global sporting and entertainment…

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News

Russelectric Launches Commercial Duty Transfer Switches in NEMA 4X Enclosures

Siemens power control systems business Russelectric has launched the RTSCD range of commercial duty transfer switches which are available in NEMA 4X enclosures for reliable outdoor operation and resistance to corrosive environments. Applications for the switches include educational campuses, high-rise complexes, industrial plants, and manufacturing facilities that require emergency power to keep critical operations online. Initial configurations include 100A, 200A,…

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