1/9/2024 0 Comments Stronghold companies![]() Secure Sleeves Credit Card Covers: With our secure sleeve shielding technology, your cards are protected in any wallet! RFID Passport Holders: Secure your contactless travel documents with Identity Stronghold's RFID passport wallets and sleeves. Get maximum security inside a minimalist design as well as larger wallets with the Identity Stronghold RFID Wallet for Men and ID Stronghold Wallets for Women. ![]() Protect your Access ID Cards and First Responder Cards from cloning today! Men's and Women's RFID Wallets: ID Stronghold is known for its unsurpassed shielding in the RFID wallet industry. Our ID badge holders block the electromagnetic signals used in RFID cards. ID Holders: RFID-blocking badge holders helps to ensure that only the people who should have access to a facility can get in. With our wide variety of products, we guarantee you will find something that will fit your style no matter the occasion while keeping your information safe. political environment for Quanta’s growing list of services.On our site you will find the industry's best RFID blocking ID Badge Holders, Sleeves and Wallets. I view the deal as a positive for Quanta in the medium-term, in conjunction with its buyback plan increase and the positive U.S. shale boom continues to battle OPEC with increased production. While upstream oilfield services providers continue to face a brutal pricing environment, CEO Austin’s positive outlook on ‘industry dynamics’ is cause for optimism in the midstream and downstream markets, which promise to grow significantly as the U.S. Stronghold's recurring revenues, accretive operating income margin profile and strong free cash flow generation align well with our strategic imperatives for long-term profitable growth. With positive industry dynamics, visible cross-selling opportunities and Quanta's support, we believe there is a multi-year opportunity for Stronghold's operations to achieve double digit growth. We remain positive on our 2017 and multi-year outlook and believe Stronghold is a strategic acquisition that will allow us to capture a greater portion of the energy industry operating and capital spend. The deal is a significant one for $5 billion market cap Quanta.Īs Duke Austin, President and CEO of Quanta stated in the deal announcement, Quanta management expects accretion to increase in 2018, but did not provide an estimate as to how much. As part of the Quanta Services Family of Companies (NYSE: PWR) - Stronghold provides the safest, leanest, most efficient, quality solutions for the refinery, petrochemical and midstream industries. Stronghold Companies provide the safest, leanest, most efficient, quality solutions for the industries we serve. Quanta paid $360 million in upfront cash and 2.7 million shares of its common stock valued at $90 million.Īdditionally, Stronghold shareholders may earn an additional amount of up to $100 million ‘if cumulative three-year EBITDA targets are achieved.’Īs of Quanta’s Ma10-Q, the firm had $106.5 million in cash and equivalents, accounts receivable of $1.59 billion and total liabilities of $2.14 billion.Ĭash flow from operations in 1Q 2017 was negative $3.8 million compared to positive $205.8 million in 1Q 2016.Īs to financial effects from the deal, it appears to be accretive to GAAP diluted EPS by $0.02 to $0.03 per share in 2017. The Stronghold Companies 3,210 followers on LinkedIn. petrochemical regions and said that the existing management team will continue in place under CEO Joe Durham as a ‘platform operating unit of Quanta.’ The combined groups have 2,800 employees and provide a wide range of services to the refining and petrochemical industry including: La Porte, Texas-based Stronghold was founded in 2002 and is headed by CEO Joe Durham. Quanta’s acquisition of Stronghold portfolio of services promises to take advantage of increased energy production trends in the U.S. The Joint Liquidators are bound by the Insolvency Code of Ethics which can be found at: https. The effect of these regulations is that direct insurance creditors have priority over other classes of unsecured creditors, including cedants. and Stronghold Specialty operate ten specialty services companies that serve the midstream and downstream oil & gas markets across most of the U.S. The Insurers (Reorganisation and Winding Up) Regulations 2004 apply to Stronghold Insurance Company Limited. Contracting services company Quanta Services ( NYSE: PWR) has acquired the Stronghold family of companies for cash and stock valued at $450 million.
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