Latest news with #CTP
Business Wire
6 days ago
- Business
- Business Wire
Oncourse Home Solutions Appoints Dale R. Gerard as Chief Financial Officer
NAPERVILLE, Ill.--(BUSINESS WIRE)-- Oncourse Home Solutions, a leading provider of home protection plans, today announces the appointment of Dale R. Gerard as Chief Financial Officer (CFO). Gerard is a seasoned finance and operations leader with over 25 years of experience. Over the course of his impressive career, he has served as CFO of both public and private equity (PE) backed companies, including iFIT Health and Fitness, where he led a company-wide financial and operational turnaround, and Vivint Smart Home, where he oversaw the business' growth from $100 million to over $1.65 billion in revenue and led its IPO in 2020. His background also includes his most recent role at C1, senior roles at American Commercial Lines and Wabash National Corporation (NYSE: WNC), and a position on the board of M3-Brigade Acquisition II Corp (NYSE: MBAC). 'I'm extremely proud to announce the appointment of Dale as Chief Financial Officer, strengthening our leadership team at Oncourse,' said Aaron Cooper, Chief Executive Officer of Oncourse Home Solutions. 'We were adamant about appointing someone who demonstrated strategic execution in high-growth environments, and Dale fit the bill perfectly. He brings extensive experience leading financial strategy and driving operational improvements. His leadership will be instrumental as we continue to strengthen the value we deliver to partners and customers.' Gerard succeeds Josh Cohen, who has transitioned from the role of CFO into the role of Chief Commercial Officer at Oncourse Home Solutions. Gerard will lead Oncourse Home Solutions' Finance function and serve as a key member of both the Executive Management Committee and Executive Leadership Team. He will oversee all aspects of accounting, financial controls, treasury, budgeting, forecasting, reporting, credit, risk management, and tax planning. Gerard will also work closely with Oncourse Home Solutions' executive team and investors to support the company's operational and financial goals and enhance enterprise value. 'I'm excited to join Oncourse at a time when there is so much on the horizon,' said Gerard. 'I look forward to partnering with the team to build on its strong foundation and driving long-term sustainable, profitable growth.' Gerard holds a Bachelor of Science in accounting and an MBA from Purdue University's Mitch Daniels School of Business. He is also a Certified Treasury Professional (CTP). About Oncourse Home Solutions Oncourse Home Solutions, a leading home protection provider focused on protecting homeowners from unexpected costs, provides flexible services for home repairs, maintenance, and improvement. Through its affiliated partners nationwide, Oncourse Home Solutions serves 1.5 million homeowners across 43 states. With over three decades of experience, Oncourse Home Solutions has stayed committed to simplifying the hassles of home care and providing coverage that simply works, giving homeowners peace of mind. Visit for more information about Oncourse Home Solutions.
Yahoo
6 days ago
- Business
- Yahoo
Oncourse Home Solutions Appoints Dale R. Gerard as Chief Financial Officer
Gerard brings more than 25 years of financial leadership experience to support Oncourse Home Solution's continued growth and customer-focused mission. NAPERVILLE, Ill., May 29, 2025--(BUSINESS WIRE)--Oncourse Home Solutions, a leading provider of home protection plans, today announces the appointment of Dale R. Gerard as Chief Financial Officer (CFO). Gerard is a seasoned finance and operations leader with over 25 years of experience. Over the course of his impressive career, he has served as CFO of both public and private equity (PE) backed companies, including iFIT Health and Fitness, where he led a company-wide financial and operational turnaround, and Vivint Smart Home, where he oversaw the business' growth from $100 million to over $1.65 billion in revenue and led its IPO in 2020. His background also includes his most recent role at C1, senior roles at American Commercial Lines and Wabash National Corporation (NYSE: WNC), and a position on the board of M3-Brigade Acquisition II Corp (NYSE: MBAC). "I'm extremely proud to announce the appointment of Dale as Chief Financial Officer, strengthening our leadership team at Oncourse," said Aaron Cooper, Chief Executive Officer of Oncourse Home Solutions. "We were adamant about appointing someone who demonstrated strategic execution in high-growth environments, and Dale fit the bill perfectly. He brings extensive experience leading financial strategy and driving operational improvements. His leadership will be instrumental as we continue to strengthen the value we deliver to partners and customers." Gerard succeeds Josh Cohen, who has transitioned from the role of CFO into the role of Chief Commercial Officer at Oncourse Home Solutions. Gerard will lead Oncourse Home Solutions' Finance function and serve as a key member of both the Executive Management Committee and Executive Leadership Team. He will oversee all aspects of accounting, financial controls, treasury, budgeting, forecasting, reporting, credit, risk management, and tax planning. Gerard will also work closely with Oncourse Home Solutions' executive team and investors to support the company's operational and financial goals and enhance enterprise value. "I'm excited to join Oncourse at a time when there is so much on the horizon," said Gerard. "I look forward to partnering with the team to build on its strong foundation and driving long-term sustainable, profitable growth." Gerard holds a Bachelor of Science in accounting and an MBA from Purdue University's Mitch Daniels School of Business. He is also a Certified Treasury Professional (CTP). About Oncourse Home Solutions Oncourse Home Solutions, a leading home protection provider focused on protecting homeowners from unexpected costs, provides flexible services for home repairs, maintenance, and improvement. Through its affiliated partners nationwide, Oncourse Home Solutions serves 1.5 million homeowners across 43 states. With over three decades of experience, Oncourse Home Solutions has stayed committed to simplifying the hassles of home care and providing coverage that simply works, giving homeowners peace of mind. Visit for more information about Oncourse Home Solutions. View source version on Contacts For media inquiries, please contact: Red Thread PR on behalf of Oncourse Home SolutionsOncourseHome@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Blue Owl Invests Additional $750M in AI Data Center Joint Venture
On May 28, Blue Owl Capital Inc. (NYSE:OWL), Chirisa Technology Parks (CTP), and PowerHouse Data Centers have finalized a $750 million transaction, marking a key phase in their $5 billion joint venture focused on AI/HPC data center development. Initially launched in August 2024, this partnership aims to establish turnkey AI infrastructure, supporting CoreWeave and other hyperscale and enterprise customers. A financial planner pointing to a graph of investment trends, demonstrating the company's expertise. The partnership is currently developing a 350-acre campus in Chesterfield, VA, where construction began in 2024 for an initial 120MW of new critical facilities. These facilities will support CoreWeave, one of the fastest-growing cloud infrastructure providers for AI workloads. Delivery is scheduled for 2025 and 2026. The campus features cutting-edge design standards. It is built specifically for dense GPU clusters and advanced computing technologies required for large-scale AI customers. It integrates CTP's proprietary 'direct-on-chip' liquid cooling design, which is almost twice as energy efficient as traditional air-cooled systems. 'This is another pivotal milestone in our $5 billion strategic partnership with CTP and PowerHouse,' said Marc Zahr, Global Head of Real Assets at Blue Owl. 'We're delivering on our vision to create foundational infrastructure for the next generation of AI-native cloud companies like CoreWeave.' Despite its strong market potential, the partnership faces investment risks such as high capital expenditure, an extended project timeline stretching into 2026, and dependence on CoreWeave's continued success in AI adoption. However, its ability to efficiently deliver turnkey solutions positions it well for sustained long-term growth. Chirisa Technology Parks (CTP) specializes in AI/HPC data center deployments, managing over 500,000 SF of built capacity with a 1.6 GW pipeline in development. PowerHouse Data Centers, owned by American Real Estate Partners (AREP), leads next-gen hyperscale development, rapidly expanding across six major U.S. markets. Blue Owl Capital Inc. (NYSE:OWL) is an American alternative investment management firm. It offers flexible, long-term capital solutions through diversified platforms such as direct lending, credit strategies, GP strategic capital, and real assets. The company works with institutional investors, financial advisors, and alternative asset managers, providing tailored financing for mid-market companies and other borrowers. While we acknowledge the potential of Blue Owl Capital Inc. (NYSE:OWL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OWL and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
CTP N.V. announces Moody's Ratings affirmed CTP's Baa3 rating, outlook changed to positive
AMSTERDAM--(BUSINESS WIRE)--Regulatory News: CTP N.V. ('CTP', 'the Group' or the 'Company'), Europe's largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, announces that Moody's Ratings ('Moody's') has affirmed its Baa3 long-term issuer rating and senior unsecured rating of CTP. The outlook changes from stable to positive. The positive change of the outlook reflects CTP's strong and resilient business profile and robust occupier demand. In Q1-2025, CTP signed 24% more leases than in the same period last year at an average 3% higher rents. The CEE region benefits from long-term secular demand drivers, like nearshoring – which is further accelerated by increasing trade tariffs – strong growth in purchasing power and e-commerce, and continued professionalization of supply chains. The positive outlook is also a testament to CTP's robust capital structure and disciplined financial policy. Thanks to the Group's long-term track record of achieving an industry leading YoC of over 10% and high spread compared to the Group's marginal cost of debt, each euro that CTP invests in its pipeline actually deleverages and improves the Group's ICR and Net Debt to EBITDA. This allows CTP to grow at a 10-15% rate per annum, while maintaining leverage ratios, an attractive proposition for shareholders as well as bondholders. This further cements CTP's strong access to both capital markets and the loan markets, helping to preserve the Group's attractive average cost of debt. Against this backdrop, the Group targets to deliver 1.2 to 1.7 million sqm of new GLA in 2025 at a pre-let ratio of 80-90% at delivery, consistent with CTP's track record. This is in line with CTP's target to deliver 10 – 15% new space per year, driving annual double digit NTA growth. From the Moody's press release: 'The outlook change from stable to positive reflects CTP's enhanced business profile, consistent growth in operating performance, and the potential for improved credit metrics over the next 12 to 24 months. 'We view CTP's business profile, noteworthy its absolute scale, market position and diversification as a key credit strength. CTP has developed a leading market position in the Central and Eastern European (CEE) light-industrial and logistics real estate markets that it has developed through a combination of acquisitions and own developments, with a strong foothold in core CEE markets plus a growing presence in Germany. CTP owns a well-performing asset portfolio that benefits from a diversified and good-credit-quality tenant base and ongoing structural demand drivers. ' The company has a strong track record in asset management and development projects on a very sizeable, largely owned landbank. CTP has delivered consistent growth of operating performance, driven by these development activities and further rental growth of its assets, with largely stable vacancy rates.' Full Moody's press release on CTP ratings can be accessed here. About CTP CTP is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.4 million sqm of GLA across 10 countries as at 31 March 2025. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP's corporate website:
Yahoo
28-05-2025
- Business
- Yahoo
CTP N.V. announces Moody's Ratings affirmed CTP's Baa3 rating, outlook changed to positive
AMSTERDAM, May 28, 2025--(BUSINESS WIRE)--Regulatory News: CTP N.V. ('CTP', 'the Group' or the 'Company'), Europe's largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, announces that Moody's Ratings ('Moody's') has affirmed its Baa3 long-term issuer rating and senior unsecured rating of CTP. The outlook changes from stable to positive. The positive change of the outlook reflects CTP's strong and resilient business profile and robust occupier demand. In Q1-2025, CTP signed 24% more leases than in the same period last year at an average 3% higher rents. The CEE region benefits from long-term secular demand drivers, like nearshoring – which is further accelerated by increasing trade tariffs – strong growth in purchasing power and e-commerce, and continued professionalization of supply chains. The positive outlook is also a testament to CTP's robust capital structure and disciplined financial policy. Thanks to the Group's long-term track record of achieving an industry leading YoC of over 10% and high spread compared to the Group's marginal cost of debt, each euro that CTP invests in its pipeline actually deleverages and improves the Group's ICR and Net Debt to EBITDA. This allows CTP to grow at a 10-15% rate per annum, while maintaining leverage ratios, an attractive proposition for shareholders as well as bondholders. This further cements CTP's strong access to both capital markets and the loan markets, helping to preserve the Group's attractive average cost of debt. Against this backdrop, the Group targets to deliver 1.2 to 1.7 million sqm of new GLA in 2025 at a pre-let ratio of 80-90% at delivery, consistent with CTP's track record. This is in line with CTP's target to deliver 10 – 15% new space per year, driving annual double digit NTA growth. From the Moody's press release: "The outlook change from stable to positive reflects CTP's enhanced business profile, consistent growth in operating performance, and the potential for improved credit metrics over the next 12 to 24 months. "We view CTP's business profile, noteworthy its absolute scale, market position and diversification as a key credit strength. CTP has developed a leading market position in the Central and Eastern European (CEE) light-industrial and logistics real estate markets that it has developed through a combination of acquisitions and own developments, with a strong foothold in core CEE markets plus a growing presence in Germany. CTP owns a well-performing asset portfolio that benefits from a diversified and good-credit-quality tenant base and ongoing structural demand drivers. "The company has a strong track record in asset management and development projects on a very sizeable, largely owned landbank. CTP has delivered consistent growth of operating performance, driven by these development activities and further rental growth of its assets, with largely stable vacancy rates." Full Moody's press release on CTP ratings can be accessed here. About CTP CTP is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.4 million sqm of GLA across 10 countries as at 31 March 2025. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP's corporate website: View source version on Contacts CONTACT DETAILS FOR ANALYST AND INVESTOR ENQUIRIES: Maarten Otte, Head of Investor Relations and Capital MarketsMobile: +420 730 197 500Email: CONTACT DETAILS FOR MEDIA ENQUIRIES: Patryk Statkiewicz, Group Head of Marketing & PRMobile: +31 (0) 629 596 119Email: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
