Latest news with #Strategic
Yahoo
3 days ago
- Automotive
- Yahoo
Buske Logistics, Portfolio Company of Fourshore Partners, Announces Acquisition of Strategic Warehousing
EDWARDSVILLE, Ill., June 02, 2025--(BUSINESS WIRE)--Buske Logistics ("Buske"), portfolio company of Fourshore Partners ("Fourshore") announced today its partnership with Strategic Warehousing, LLC ("Strategic"), a premier provider of critical contract logistics services with expertise in the food and beverage industries. Buske Logistics is a 102-year-old, asset-light contract warehousing company with a focus on food and beverage, and automotive industries. Strategic Warehousing is an integrated logistics company based in Eagan, MN that provides warehousing services to the food and beverage industries, with an expertise in confectionary products. Strategic currently operates three warehouses totaling 225,000 square feet in the Twin Cities. "The Strategic partnership gives us an opportunity to expand our offering to the confectionary industry and expand our network in a highly attractive geography," said Nick Heinz, CEO of Buske. He added that, "Buske is looking forward to partnering with the high quality and experienced associates at Strategic in continuing to provide the world class service that Strategic has offered to its customers for the past 20+ years." Mr. Heinz further noted, "I'd also like to personally thank the Strategic Team and their leadership for their partnership in bringing our organizations together." The transaction was led by Nick Heinz, Daena Baker, Erin Brothers, and Jimmy Aho at Buske, and by Pedro Freyre and Milos Milosevic at Fourshore Partners. Akerman LLP served as legal counsel to Buske and Fourshore. About Buske Logistics Buske is a global logistics company serving customers in the U.S., Canada, and Mexico. Its Third-Party Logistics (3PL) capabilities provide a complete supply chain solution for customers across industries. With the Strategic acquisition, the Company now operates over 7.0 million square feet of warehouse space, across more than 30 locations in the U.S. and in Canada. About Fourshore Partners Fourshore Partners is a Miami-based private equity firm that focuses on lower middle market buyouts in the U.S. and Caribbean. Fourshore targets companies generating between $2m and $15m of EBITDA with enterprise values between $10m and $75m. View source version on Contacts Milos MilosevicPrincipalFourshore Partnersmmilosevic@
Business Wire
3 days ago
- Business
- Business Wire
Buske Logistics, Portfolio Company of Fourshore Partners, Announces Acquisition of Strategic Warehousing
EDWARDSVILLE, Ill.--(BUSINESS WIRE)--Buske Logistics ('Buske'), portfolio company of Fourshore Partners ('Fourshore') announced today its partnership with Strategic Warehousing, LLC ('Strategic'), a premier provider of critical contract logistics services with expertise in the food and beverage industries. 'The Strategic partnership gives us an opportunity to expand our offering to the confectionary industry and expand our network in a highly attractive geography', said Nick Heinz, CEO of Buske. Buske Logistics is a 102-year-old, asset-light contract warehousing company with a focus on food and beverage, and automotive industries. Strategic Warehousing is an integrated logistics company based in Eagan, MN that provides warehousing services to the food and beverage industries, with an expertise in confectionary products. Strategic currently operates three warehouses totaling 225,000 square feet in the Twin Cities. 'The Strategic partnership gives us an opportunity to expand our offering to the confectionary industry and expand our network in a highly attractive geography,' said Nick Heinz, CEO of Buske. He added that, 'Buske is looking forward to partnering with the high quality and experienced associates at Strategic in continuing to provide the world class service that Strategic has offered to its customers for the past 20+ years.' Mr. Heinz further noted, 'I'd also like to personally thank the Strategic Team and their leadership for their partnership in bringing our organizations together.' The transaction was led by Nick Heinz, Daena Baker, Erin Brothers, and Jimmy Aho at Buske, and by Pedro Freyre and Milos Milosevic at Fourshore Partners. Akerman LLP served as legal counsel to Buske and Fourshore. About Buske Logistics Buske is a global logistics company serving customers in the U.S., Canada, and Mexico. Its Third-Party Logistics (3PL) capabilities provide a complete supply chain solution for customers across industries. With the Strategic acquisition, the Company now operates over 7.0 million square feet of warehouse space, across more than 30 locations in the U.S. and in Canada. Fourshore Partners is a Miami-based private equity firm that focuses on lower middle market buyouts in the U.S. and Caribbean. Fourshore targets companies generating between $2m and $15m of EBITDA with enterprise values between $10m and $75m.
Epoch Times
22-05-2025
- Business
- Epoch Times
Crude Oil Prices Decline Amid Unexpected US Inventory Buildup
An unexpected increase in U.S. crude oil stocks contributed to pushing down oil prices in early morning trade on Thursday. For the week ending May 16, 'U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week,' said a May 21
Channel Post MEA
22-05-2025
- Business
- Channel Post MEA
Zoho And areeba Announce $5 Million Initiative to Drive Digital Transformation In Middle East
Zoho and areeba, a leading payment processing service provider in the Middle East, have announced a strategic partnership agreement aimed at fast-tracking digital transformation of businesses across the region. The MoU was signed in a ceremony at Seamless Dubai 2025 by Prem Anand Velumani, Associate Director, Strategic Alliances, Zoho Middle East and Africa (MEA) and Maher Mikati, CEO, areeba. Through this collaboration, Zoho will invest up to USD 5 million worth of wallet credits to enable areeba's business customers across UAE, Qatar, Iraq, Jordan, Egypt and Lebanon to access Zoho's expansive suite of over 55 cloud-based applications. These tools offer businesses a unified, secure platform to streamline all their business functions such as invoicing, payments, customer engagement, and workforce management. By combining areeba's payment expertise with Zoho's robust digital ecosystem, the partnership empowers businesses with enterprise-grade technology that enhances efficiency, improves operations, and supports long-term growth. 'Through areeba's reach, we're bringing Zoho closer to the heart of business communities across the region. This collaboration breaks down barriers to technology and empowers more organisations to modernise with confidence. It's a powerful step in our mission to grow sustainably by staying locally rooted and globally connected, ' said Velumani. 'We are excited to partner with Zoho to bring added value to our customers by combining robust financial technology with world-class business software,' said Mikati. 'This partnership is a major step forward in our mission to empower businesses with innovative, localised solutions,' he added. Set to go live in the coming months, the partnership will provide joint onboarding support, educational webinars, and tailored packages for all business types. Zoho has experienced a notable surge in demand for its product suite in Middle East and Africa since 2020, making it one of the company's fastest-growing regions globally. Its top-selling products, including Zoho CRM, Zoho Desk, Zoho People, Zoho Books, and Zoho Creator, are available in multiple languages, such as Arabic and English. Additionally, these Zoho products support Right-to-Left (RTL) functionality and integrate with both global and local payment gateway solutions including Telr and Tap Payments. 0 0
Yahoo
22-05-2025
- Business
- Yahoo
Michigan House subcommittee interrogates economic development deals as companies fail to deliver
Rep. Steve Carra (R-Three Rivers), chair of the House Oversight Subcommittee on Corporate Subsidies and State Investments on May 21, 2025 | Kyle Davidson As Michigan Republicans continue to take a magnifying glass to economic development spending, the House Oversight Subcommittee on Corporate Subsidies and State Investments invited James Hohman of the free-market Mackinac Center for Public Policy to offer his analysis of the state's Strategic Outreach and Attraction Reserve (SOAR) Fund. Hohman, who serves as the Mackinac Center's director of Fiscal Policy, walked committee members through a collection of several projects through the state's critical industries program, comparing the number of jobs promised with the jobs delivered. As he broke down each agreement, Hohman repeatedly noted that these deals were structured to deliver short-term payoffs for companies, and were not tied to job creation, with many deals tying the bulk of their funding requirements to a company's capital expenditures, or money a company spends to buy, maintain or improve their assets. Additionally, not all deals move forward, with Hohman pointing to a $100.8 million dollar deal with Ford made in 2022 as an example. Hohman urged lawmakers and members of the public to bring more skepticism to these deals, noting they often fail to deliver on their promises. 'There's a massive difference between what gets announced and what actually happens when it comes to living up to expectations,' Hohman said. 'A lot of them wind up with no jobs at all. Some of them do meet [or] exceed expectations, but when you look at the rhetoric behind the deals, when they're getting made, there's rarely even an acknowledgement that deals might not deliver on their pledges,' Hohman said. If companies fail to create the jobs they promised, the state has to wait years before it can ask for its money back, Hohman said. If they eliminate jobs after the deal concludes, the state has no way of getting its money back, he said. Additionally when asked about the level of transparency offered into these deals, Hohman said they were meeting the minimum standard of transparency, publishing an annual report on how much money was offered, how much the company received and whether they created the jobs that were announced. However, the report's schedule leaves the status of most current projects unknown, while sometimes forcing people to wait 18 months to learn an agreement didn't move forward. Overall the state has allocated $1.46 billion in taxpayer funds to create 14,779 jobs, Hohman said. While lawmakers clearly had ambitious plans for the program, those goals have not panned out, he said. And while the companies receiving this funding will likely create jobs to fill the buildings they've built using state funding, the number of jobs they create will depend on an uncertain future, Hohman said. 'My major takeaway for you is that if you're going to continue operating the critical industry program, more of the deal needs to be based on actual job creation. When you have deals that consistently fall apart, that fail to deliver, you should not be paying them until they finally do the things they're obligated or that lawmakers expect them to do,' Hohman said. This would not require a change to the law, Hohman said, only a change in expectations for lawmakers, asking them not to approve projects based on capital expenditures rather than job creation. While there are a number of areas where the Mackinac Center believes these dollars could better benefit residents, Hohman offered his support for House Republicans' road funding plan, which draws the bulk of its funding by reallocating or eliminating funding set aside for economic development, including $500 million set for automatic deposits into the SOAR fund. Despite the issues with the program, State Rep. Laurie Pohutsky (D-Livonia) raised repeated concerns about ensuring criticism of the program was accurate. While some press releases may be disingenuous in promising to deliver jobs, SOAR funding that is allocated for site readiness should not be expected to create jobs. 'You can't put 2,000 jobs in a site that is not ready for 2,000 jobs,' Pohutsky said. While the SOAR program is not the best use of the state's money, there are enough flaws that are not based around promises made in press releases, she said. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
