6/19/2023 0 Comments Stronghold ltd![]() served as legal advisor to Quanta for the transaction. served as financial advisor and Baker Botts L.L.P. With a skilled, dedicated and high-quality workforce, Stronghold will serve as a platform operating unit of Quanta. Stronghold's existing management team will remain in place, with founder Joe Durham continuing in his leadership role as Chief Executive Officer of Stronghold. The transaction consideration consists of an upfront payment of approximately $450 MM, comprised of $360 MM of cash and 2.7 MM shares of Quanta Services common stock valued at approximately $90 MM, with a cash and stock earnout that could provide maximum additional consideration of $100 MM if cumulative 3-yr EBITDA targets are achieved. Stronghold's operations will be reflected in Quanta's Oil and Gas Infrastructure services segment. Stronghold generated revenues of approximately $500 MM for the full year of 2016 and has a workforce averaging approximately 2,800 employees. We are committed to the continued success and growth by being the leading provider for specialty contractor services. is a holding company consisting of three specialty companies that work in tandem to provide the refining and petrochemical. Our programs aim to deliver health service with a. At The Stronghold Companies, we believe the ultimate measure of our effectiveness lies in the achievements of our customers. Headquartered in La Porte, Texas, Stronghold has a strong presence in the Gulf Coast refinery and petrochemical market and serves nearly all regions of the United States. Our mission is to develop innovative health programs at reduced cost. and Stronghold Specialty, Ltd., a specialized services company that provides high pressure and critical path solutions to the downstream and midstream energy markets. announced that it has completed the acquisition of Stronghold, Ltd. Stronghold has simultaneously developed its digital marketplace with significant institutional investor representation to enable secondary market trading of the AMC's underlying's.HOUSTON - Quanta Services, Inc. The AMC serves as a differentiator in treasuries and money market portfolio's enabling investors to benefit from a higher yield due to an illiquidity premium due to the nature of the asset class. The Launch of the Money Market AMC 1 demonstrates strong investor appetite for private markets and illiquid money market securities. The company aims to facilitate the financing of impactful economic development projects while stimulating global trade. Recognized by leading industry groups Innovative companies trust Stronghold Watch video Payments in secondsnot hours. Get the latest updates from the Stronghold team. Stronghold aims to serve as a leading financial institution and as an economic development platform for emerging and developed markets. Stronghold Providing financial services for all Join our mailing list. Zurich based Calliopa Capital AG is the regulated investment manager while Scipion Capital, the Geneva and London based trade finance lender is the regulated investment advisor. With initial committed capital to the tune of $200 million, Stronghold expects steady growth due to strong investor interest and the diverse investor base the product attracts. The Money Market AMC 1 is an open-ended product that could reach up to $1 billion of assets under management within the first 12 months. Stronghold Ltd - Company Profile and News - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers. This product is a feature of Stronghold's digital marketplace for trade receivable assets and money market securities including primary and secondary issuances. At The Stronghold Companies, we believe the ultimate measure of our effectiveness lies in the achievements of our customers. In Depth Stronghold Guide for Lost Ark - Maxroll.gg This Stronghold Guide includes details about Lab, Workshop, Fast Leveling, Expedition, Manor, Knowledge Transfer and Merchants for Lost Ark. ![]() This new product allows deployment of capital in asset backed commercial papers with securitized trade receivables as its underlying asset class. LONDON, /PRNewswire/ - Money Market AMC 1, an actively managed certificate, has been launched by Stronghold Global Finance ("Stronghold") to provide an exciting opportunity for investors to benefit from risk-adjusted returns in investments grade illiquid money market securities.
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