Latest news with #Stout
Saba Yemen
3 days ago
- Politics
- Saba Yemen
US Military: We faced one of most intense combat operations in history in Red Sea
Sana'a – SABA: The US Navy has acknowledged that the aircraft carrier USS Harry S. Truman experienced one of the most intense combat operations in history while operating in the Red Sea—highlighting the severity of the threat posed by Yemeni attacks during the second wave of American escalation in Yemen. A report by the US Naval Institute (USNI) described the relief and joy among the crews of the Truman and the destroyer USS Stout upon their return from what was described as a grueling combat mission. The report confirmed that three F/A-18 fighter jets were lost during the Truman's recent deployment and that over 1.1 million pounds of munitions were used by US forces over a 50-day campaign against Yemen. After five months of confronting Yemeni forces in the Red Sea, the Stout and Truman concluded what the report called one of the most intense naval operations in decades for the US Navy. Observers interpret the return of the Truman and Stout as a clear sign of the scale of the threat posed by Yemeni armed forces in the Red Sea against US military assets. The intensity of Yemeni attacks reportedly forced the US to seek an agreement to avoid further escalation, fearing a direct strike on the aircraft carrier itself—which would be a humiliating blow to the US military, especially after Yemeni forces posed real threats to advanced F-35 jets and succeeded in downing three F/A-18s. The Yemeni forces also relentlessly pursued US naval assets with continuous missile attacks around the clock. Yemeni revolutionary leader Sayyed Abdul-Malik Badr al-Din al-Houthi stated: 'The Americans have destroyed many civilian targets, and there are hundreds of martyrs and wounded among our dear people, but they have not been able to stop the operations, destroy our capabilities, or break our people's will.' He added: 'If the Americans get involved in a third round of aggression, we are fully prepared to confront them.' Whatsapp Telegram Email Print
Associated Press
4 days ago
- Business
- Associated Press
Stout Announces New Investment Partnership With Integrum Seeking to Continue Accelerated Growth Trajectory
CHICAGO, June 2, 2025 /PRNewswire/ -- Stout, a leading global advisory firm, announced today that it has entered into a new strategic partnership with Integrum Holdings LP ('Integrum'), a private investment firm focused on partnering with technology-enabled services companies in the financial and business services sectors. Funds advised by Integrum will invest alongside Stout's employee shareholders to support the firm's continued expansion objectives. As part of the transaction, Stout's management team will remain in place, and existing employee shareholders will retain a meaningful equity stake. The transaction is expected to close in the third quarter of 2025 subject to customary closing conditions. This new partnership follows a successful and highly collaborative relationship with Audax Private Equity ('Audax'), which first invested in Stout in November 2021 through its Flagship strategy. Over the course of the partnership, Audax provided strategic and financial support that enabled Stout to expand its platform, double headcount, complete ten acquisitions, and accelerate its growth across geographies and service lines. 'We are deeply grateful to Audax for their partnership and support over the past three and a half years,' said Craige Stout, Chief Executive Officer of Stout. 'They have been instrumental in helping us further scale our business, and we are proud of what we accomplished together. As we look ahead, we are thrilled to welcome Integrum, whose team brings experience, insight, and common values that align perfectly with our ambitions for the future.' Jeff Risius, Co-Head of Client Service at Stout, added, 'This is a natural next step for Stout. Integrum's long-term mindset, strategic expertise, and focus on people and culture make them the ideal partner for our next phase of growth.' Tagar Olson, Founding Partner at Integrum, said, 'Stout is a global firm with a reputation for excellence, a strong leadership team, and a clear growth trajectory. We are excited to support their continued expansion and to partner with a firm so deeply committed to client success and employee ownership.' Bill Allen, Managing Director at Audax and Head of the firm's Financial Services specialization, commented, 'It has been a privilege to partner with the outstanding team at Stout. Over the past several years, we have watched the firm grow significantly in scale, capability, and market presence, all while staying true to its culture of 'Relentless Excellence®'. We are confident that Stout is well-positioned for continued success. We wish Craige, Jeff, and the entire Stout team the very best as they begin this exciting next chapter with Integrum.' William Blair & Company acted as financial advisor and Winston & Strawn LLP and Ropes and Gray LLP served as legal counsel to Stout. Simpson Thacher & Bartlett LLP served as legal counsel to Integrum. About Stout Stout is a global advisory firm specializing in corporate finance, accounting and transaction advisory, valuation, and financial disputes, claims, and investigations. Stout serves a range of clients, from public corporations to privately held companies in numerous industries. Our clients and their advisors rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex matters. Stout is a trade name for Stout Risius Ross, LLC, Stout Advisors SA, Stout Bluepeak Asia Ltd., Stout GmbH, MB e Associati S.r.l., Stout Park Ltd, and Stout Capital, LLC, a FINRA- registered broker-dealer and SIPC member firm. Learn more at About Integrum Integrum is an investment firm focused on partnering with technology-enabled services companies in the financial and business services sectors. The firm was founded by a team of proven leaders with a vision to build a different type of investing platform benefiting from their diverse and complementary backgrounds and vast relationship network. Integrum's approach is to build a concentrated portfolio of high-conviction investments. Integrum aims to accelerate growth through investments in technology and other forms of innovation and by partnering with management teams to enhance access to talent, relationships, and capabilities. Learn more at About Audax Private Equity Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively, and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth. With approximately $19 billion of assets under management as of March 2025, over 290 employees, and 100-plus investment professionals, Audax has invested in 175 platforms and 1,350 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax seeks to help portfolio companies execute organic and inorganic growth initiatives with the aim of fueling revenue expansion, optimizing operations, and significantly increasing equity value. For more information, visit or follow us on LinkedIn. View original content to download multimedia: SOURCE Stout
Yahoo
4 days ago
- Business
- Yahoo
Chad Stout Joins Universal Parking as General Manager at New Houston Office
Stout, a parking industry veteran, will lead the company's expansion in the Houston-metro area ATLANTA, June 02, 2025--(BUSINESS WIRE)--Universal Parking, a leading innovator in the parking industry, today announced the hire of Chad Stout as general manager of the company's new Houston office. Stout brings nearly 30 years of parking industry experience to his role at Universal Parking and will oversee operations at the new Houston office, which is poised for growth. Stout began his career in the parking industry working as a valet in college before moving on to Brookfield Properties in Charlotte, N.C., where he managed more than 20 parking locations. He also previously held positions at Central Parking and Metropolis Parking in Houston. "I am honored to take on this new role for Universal Parking," said Stout. "Houston has been great to my family and me, and I look forward to growing the market here." Houston is an area with great growth potential for Universal Parking, as the parking landscape is more expansive than most cities. Parking facilities are centralized around the downtown area, with additional market opportunities around key locations such as the Galleria, Medical Center and Galveston. With the addition of special event parking, like the 2026 FIFA World Cup, there is no shortage of potential for expansion. Delivering innovative, full-service solutions, Universal Parking is revolutionizing the parking experience through best-in-industry customer service and technology-enabled services. It supports parking facility management, including operations, facility maintenance, equipment installation and support, customized accounting, auditing, and reporting. In addition, Universal Parking provides professional recruiting, staffing, and training for parking attendants, as well as design and functional review services, ensuring every aspect of a parking facility is optimized for performance and efficiency. "Houston is an exciting new market for Universal Parking," said Tim Walsh, President and CEO at Universal Parking. "Chad knows the complexities of the Houston market, and he is the right person to lead our expansion." To learn more about Universal Parking and the projects it supports, visit About Universal Parking Universal Parking provides tailored parking management services on behalf of property owners and asset managers. With a leadership team boasting over 175 years of combined experience, Universal Parking specializes in operating complex and diverse parking facilities while leveraging technology and customer-focused strategies to enhance the parking experience. View source version on Contacts Emily Rioserios@
Business Wire
4 days ago
- Business
- Business Wire
Chad Stout Joins Universal Parking as General Manager at New Houston Office
ATLANTA--(BUSINESS WIRE)-- Universal Parking, a leading innovator in the parking industry, today announced the hire of Chad Stout as general manager of the company's new Houston office. Stout brings nearly 30 years of parking industry experience to his role at Universal Parking and will oversee operations at the new Houston office, which is poised for growth. Stout began his career in the parking industry working as a valet in college before moving on to Brookfield Properties in Charlotte, N.C., where he managed more than 20 parking locations. He also previously held positions at Central Parking and Metropolis Parking in Houston. 'I am honored to take on this new role for Universal Parking,' said Stout. 'Houston has been great to my family and me, and I look forward to growing the market here.' Houston is an area with great growth potential for Universal Parking, as the parking landscape is more expansive than most cities. Parking facilities are centralized around the downtown area, with additional market opportunities around key locations such as the Galleria, Medical Center and Galveston. With the addition of special event parking, like the 2026 FIFA World Cup, there is no shortage of potential for expansion. Delivering innovative, full-service solutions, Universal Parking is revolutionizing the parking experience through best-in-industry customer service and technology-enabled services. It supports parking facility management, including operations, facility maintenance, equipment installation and support, customized accounting, auditing, and reporting. In addition, Universal Parking provides professional recruiting, staffing, and training for parking attendants, as well as design and functional review services, ensuring every aspect of a parking facility is optimized for performance and efficiency. 'Houston is an exciting new market for Universal Parking,' said Tim Walsh, President and CEO at Universal Parking. 'Chad knows the complexities of the Houston market, and he is the right person to lead our expansion.' To learn more about Universal Parking and the projects it supports, visit Universal Parking provides tailored parking management services on behalf of property owners and asset managers. With a leadership team boasting over 175 years of combined experience, Universal Parking specializes in operating complex and diverse parking facilities while leveraging technology and customer-focused strategies to enhance the parking experience.
Yahoo
4 days ago
- Business
- Yahoo
Chad Stout Joins Universal Parking as General Manager at New Houston Office
Stout, a parking industry veteran, will lead the company's expansion in the Houston-metro area ATLANTA, June 02, 2025--(BUSINESS WIRE)--Universal Parking, a leading innovator in the parking industry, today announced the hire of Chad Stout as general manager of the company's new Houston office. Stout brings nearly 30 years of parking industry experience to his role at Universal Parking and will oversee operations at the new Houston office, which is poised for growth. Stout began his career in the parking industry working as a valet in college before moving on to Brookfield Properties in Charlotte, N.C., where he managed more than 20 parking locations. He also previously held positions at Central Parking and Metropolis Parking in Houston. "I am honored to take on this new role for Universal Parking," said Stout. "Houston has been great to my family and me, and I look forward to growing the market here." Houston is an area with great growth potential for Universal Parking, as the parking landscape is more expansive than most cities. Parking facilities are centralized around the downtown area, with additional market opportunities around key locations such as the Galleria, Medical Center and Galveston. With the addition of special event parking, like the 2026 FIFA World Cup, there is no shortage of potential for expansion. Delivering innovative, full-service solutions, Universal Parking is revolutionizing the parking experience through best-in-industry customer service and technology-enabled services. It supports parking facility management, including operations, facility maintenance, equipment installation and support, customized accounting, auditing, and reporting. In addition, Universal Parking provides professional recruiting, staffing, and training for parking attendants, as well as design and functional review services, ensuring every aspect of a parking facility is optimized for performance and efficiency. "Houston is an exciting new market for Universal Parking," said Tim Walsh, President and CEO at Universal Parking. "Chad knows the complexities of the Houston market, and he is the right person to lead our expansion." To learn more about Universal Parking and the projects it supports, visit About Universal Parking Universal Parking provides tailored parking management services on behalf of property owners and asset managers. With a leadership team boasting over 175 years of combined experience, Universal Parking specializes in operating complex and diverse parking facilities while leveraging technology and customer-focused strategies to enhance the parking experience. View source version on Contacts Emily Rioserios@ 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
