Latest news with #Kestrel
Times
18-05-2025
- Business
- Times
Predatory firms are circling Kestrel and Kinsale Capital
Bigger predators are sniffing around the independent wealth management and financial services sector looking for deals. Just weeks after I revealed that Rory Gillen's GillenMarkets was attracting interest, Quilter swooped to buy it. I hear that John Crowe's Kestrel and Gearoid Doyle's Kinsale Capital may also be on the target lists of bigger players. Crowe and his team are highly regarded in the industry, and he runs a tight ship at Kestrel. A core part of Doyle's business is the Compass fund, which is run by the star fund manager Peter Kinney. The fund has absolutely shot out the lights in recent years. I believe both firms also have access to the global bank UBS and its wealth management offering. I hear that a valuation
CTV News
16-05-2025
- Entertainment
- CTV News
Expect drones, pyrotechnics and explosions as film crew comes to Cambridge
People in Cambridge may hear explosions and gunfire next week as crews prepare to begin filming in the city. According to a news release, the cast and crew are part of a project known as 'Kestrel.' Production crews commonly use alternative titles to keep the movie or series a secret. Crews will prepare for the film shoot on Sunday, May 18 from 7 a.m. until 7 p.m. and Monday, May 19 from 7 a.m. until 7 p.m. The filming dates are set for the following Tuesday and Wednesday before things wrap up on Thursday and Friday. During the shoot, there will be intermittent traffic delays along Main Street, Water Street and some surrounding areas. Equipment will also be parked in the north section of the Water Street North Parking Lot, the south section of the Wellington South Parking Lot and the Churchill Pavilion Parking Lot. When filming begins, people in the area may also see pyrotechnics and drones, or hear electronic gunfire and explosions. Some exterior scenes may also include graphic content.
The Drive
12-05-2025
- Automotive
- The Drive
We're so Back: New Jeep Gladiator Mail Truck Revives the Iconic Postal Jeep
The latest car news, reviews, and features. Old postal Jeeps aren't worth much. So many of them were built, and so many of them were trashed, that they weren't even a dime a dozen. Shoot, they were more like a nickel a dozen. That's not the case with this new Jeep Gladiator mail carrier built by step van outfitter Morgan Olson, though. Just look at it! It's a Gladiator pickup with the back chopped off, and in place of the rear seats and bed, you'll find a versatile service box. Morgan Olson officially calls it the Kestrel work truck after a breed of falcon, but it'll always be a postal Jeep to me. The service box comes in different configurations, but no matter what, it's made of aluminum. Morgan Olson says that helps it stay close to the weight of a stock Gladiator, so somewhere around 5,000 pounds. That also means it achieves a max payload capacity of 1,700 pounds—just 25 pounds short of what you can load into a normal Sport S trim. The 137-inch wheelbase is also identical to a factory-fresh Jeep, though the overall length is eight inches shorter at 210 inches from nose to tail. And before you ask, yes, Morgan Olson can build it in right-hand drive. Morgan Olson A Jeep Gladiator Forum member who goes by TheDerb claims the target starting price is under $80,000. For context, the Gladiator Sport S starts at $43,295, so the service body comes just shy of doubling the price. I'll leave you to decide whether or not that's a good deal, but keep in mind that this was always going to cost more than tossing on a bed topper and calling it 'dry storage.' There's multi-level shelving, easy access from both sides of the box as well as at the back, and all the service body doors roll up instead of opening out, so you get the full tactile experience of being a mail carrier. The more I think about it, the more sense it makes to use a Gladiator for rural package deliveries. It's one of the few midsize pickups left that you can still get without a turbocharged engine, and it's barebones simple inside. The hand-crank windows are out for 2025, however, which is kinda sad. At least you can blast your tunes through the Bluetooth infotainment, and if the weather calls for it, take off the doors for easy in-and-out. I just might have to become a mailman. Morgan Olson Got a tip or question for the author? Contact them directly: caleb@ From running point on new car launch coverage to editing long-form features and reviews, Caleb does some of everything at The Drive. And he really, really loves trucks.
Business Wire
03-05-2025
- Automotive
- Business Wire
Morgan Olson Launches Kestrel Work Truck with Enhanced Flexibility for Delivery and Service Solutions
BUSINESS WIRE)--Morgan Olson continues their legacy of award-winning innovation with the launch of the all-new 'Kestrel' work truck. Named after the bold and agile kestrel – a small but fierce falcon known for its precision and efficiency – this compact powerhouse is smaller than Morgan Olson's iconic step vans yet built with the same uncompromising commitment to long-lasting performance. This compact powerhouse is smaller than Morgan Olson's iconic step vans yet built with the same uncompromising commitment to long-lasting performance. Share 'Many vocations appear to be seeking smaller applications for their delivery and service needs, and we are excited to present the Kestrel as a work truck solution,' said Joe Rudolph, Vice President of Sales and Marketing at Morgan Olson. 'As we continue to grow and expand our work truck product line into new vocations, the Kestrel presents limitless possibilities. The applications are not limited to work trucks; design and functionality included considerations from law enforcement, fire departments, and other first-line responders as they seek a smaller, more fuel-efficient solution for increasing demands. We believe all markets, domestic and international, can be served.' The Kestrel work truck retains all the proven long-life benefits Morgan Olson is known for, with total turn-key work truck features including: Customizable cargo access and management Available in left- and right-hand drive and four-wheel drive 'Automotive' cab comforts Enhanced essential safety features 'Safety and serviceability were among our top priorities in developing the Kestrel,' Rudolph explained. 'These latest technologies are supported by an existing service network.' About Morgan Olson: Founded in 1945 and located in Sturgis, MI, Morgan Olson is North America's leading purpose-built work truck body manufacturer. Morgan Olson accounts for nearly 70% of step vans in North America and has a dedicated parts business committed to keeping Morgan Olson vehicles on the road. Morgan Olson is a business unit of J. B. Poindexter & Co. Visit
Business Wire
29-04-2025
- Business
- Business Wire
Maiden Holdings Announces Shareholder Approval of Combination with Kestrel
PEMBROKE, Bermuda--(BUSINESS WIRE)--Maiden Holdings, Ltd. (Nasdaq: MHLD) ('Maiden' or the 'Company') announced that, at the special general meeting of Maiden shareholders held today, all proposals related to Maiden's proposed business combination (the 'transaction') with Kestrel Group LLC ('Kestrel') were approved by Maiden's shareholders. As previously announced, on December 29, 2024, Maiden entered into a Combination Agreement (as amended, the 'Combination Agreement') with Kestrel, pursuant to which Maiden and Kestrel will become wholly owned subsidiaries of a newly formed Bermuda company ('Bermuda NewCo'), which will be renamed 'Kestrel Group Ltd'. Following the closing of the transaction, Bermuda NewCo's common shares are expected to be listed on the Nasdaq Capital Market under the symbol 'KG'. The transaction remains subject to regulatory approvals and other customary closing conditions. Closing is expected to occur during the second quarter of 2025. Patrick J. Haveron, Maiden's Chief Executive Officer, commented on the receipt of shareholder approval for the Kestrel Agreement: 'Today's voting results represent an important step forward towards our combination with Kestrel. The overwhelming shareholder support received for our proposals is gratifying as it advances us one step closer to significantly shifting the strategic vision and trajectory of our Company.' About Maiden Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007. Maiden creates shareholder value by actively managing and allocating assets and capital, including through ownership and management of businesses and assets primarily in the insurance and related financial services industries where Maiden can leverage deep knowledge of those markets. Maiden also provides a full range of legacy services to small insurance companies, particularly those in run-off or with blocks of reserves that are no longer core, working with clients to develop and implement finality solutions including acquiring entire companies that enable clients to meet their capital and risk management objectives. Cautionary note regarding forward-looking statements Certain statements in this press release, and any related oral statements, other than purely historical information, including statements relating to the transaction, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include statements as to the expected timing, completion and effects of the transaction and generally are identified with the words 'anticipate', 'believe', 'expect', 'predict', 'allow', 'position,' 'optimize', 'transformative', 'estimate', 'intend', 'plan', 'project', 'seek', 'provide', 'deliver', 'realize', 'potential', 'possible', 'accelerate', capitalize', 'could', 'might', 'may', 'should', 'will', 'would', 'will be', 'will continue', 'will likely result', 'enhance certainty' and similar expressions. In light of the risks and uncertainties inherent in all forward-looking statements, the inclusion of such statements in this press release should not be considered as a representation by Maiden or any other person that Maiden's objectives or plans or other matters described in any forward-looking statement will be achieved. These statements are based on current plans, estimates, assumptions and expectations. Actual results may differ materially from those projected in such forward-looking statements and, therefore, you should not place undue reliance on them. The forward-looking statements are subject to risks and uncertainties, including: (i) that the parties may be unable to complete the transaction because, among other reasons, conditions to the closing of the transaction may not be satisfied or waived, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; (ii) uncertainty as to the timing of completion of the transaction; (iii) that the occurrence of certain events, changes or circumstances could give rise to the termination of the combination agreement; (iv) risks related to disruption of management's attention from ongoing business operations due to the transaction; (v) the effect of the announcement of the transaction on the parties' client, business, governmental and employee relationships; (vi) the commencement or outcome of any legal proceedings to the extent initiated against Maiden, Kestrel, AmTrust Financial Services, Inc. or others prior to or following the announcement of the transaction; (vii) the failure to realize the benefits of the transaction when expected or at all; (viii) risks related to the post-closing integration of the business and operations of Maiden, Kestrel and their subsidiaries; (ix) risks related to a downgrading of Maiden's debt ratings as a result of the announcement or completion of the transaction; (x) uncertainty related to additional adverse reserve development and/or asset impairment charges as well as the amount and the ability to utilize tax attributes; and (xi) management's response to any of the aforementioned factors. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the risk factors included in Maiden's most recent Annual Report on Form 10-K and other documents of Maiden on file with, or furnished to, the Securities and Exchange Commission ('SEC'). Any forward-looking statements made in this press release, and any related oral statements, are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by Maiden will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Maiden or its business or operations. Except as required by law, the parties undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. No offer or solicitation This press release is for informational purposes only and not intended to and does not constitute an offer to subscribe for, buy or sell, the solicitation of an offer to subscribe for, buy or sell or an invitation to subscribe for, buy or sell any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
