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Jabil selling aftermarket services to New York City firm for $725 million
Business outsourcing services company iQor has signed a definitive agreement to acquire the aftermarket services business of St. Petersburg-based electronics firm Jabil Circuit Inc. for $725 million.
iQor says the transaction will combine its customer-support capabilities with Jabil aftermarket experience to provide a technology support organization that can handle everything from basic customer care (including sales, technical support and accounts receivables management) to diagnostics and repair services.
Following completion of the transaction, New York City-based iQor will have more than $1.5 billion in revenues, more than 31,000 employees and operations in 16 countries around the world. As part of a multiyear contract, iQor Aftermarket Services will become the exclusive aftermarket service provider for Jabil Circuit Inc., which will retain a financial stake in the combined company.
Jabil Aftermarket Services will initially be a separate business unit of iQor that will operate as iQor Aftermarket Services, and remain headquartered in St. Petersburg. The business will continue to be run by Bryan Maguire.
“At iQor, we see more and more of our clients consolidating outsource service providers in order to reduce complexity and streamline operations, and this transaction addresses that market dynamic in a powerful way,” Hartmut Liebel, CEO of iQor and former CEO of Jabil Aftermarket Services, says in a press release. “In addition, this combination diversifies iQor's revenue stream, and enhances our ability to extend our platform by adding adjacent industries and capabilities over time.”
The agreement is scheduled for completion in the first quarter.
InformedDNA reaches partnerships with three cancer centers
St. Petersburg-based InformedDNA has added three cancer centers to its list of providers, who partner with it to provide genetic counseling and risk assessment to patients about inherited cancer risk. The company will now provide services for the Cancer Treatment Centers of America in Goodyear, Ariz.; Cookeville Regional Medical Center in Cookeville, Tenn.; and Holland Hospital of Holland, Mich.
InformedDNA says its services help health systems and cancer centers meet the 2012 Commission on Cancer Standards, which include a new requirement for cancer programs to provide genetic counseling and testing services to patients. The program also reduces genetic counseling wait times to fewer than 10 days or four if a surgery is planned.
InformedDNA provides its genetic counseling program to 24 centers in nine states.
Fort Myers appraisal firm adding partner, changing name
Fort Myers-based appraisal firm Maxwell & Hendry Valuation Services Inc. has changed its name to Maxwell, Hendry & Simmons LLC. The name change comes on the heels of the addition of Matt Simmons as a partner in the firm. Simmons has managed the firm's residential appraisal division since 2005.
“The addition of Matt Simmons as a partner further solidifies our footprint within the residential side of the industry and secures the next generation of continued growth of the firm,” Gerald Hendry, managing partner of the firm, says in a press release.
Thurman Hotel Consultants covering A2Z Hospitality's hotel portfolio
A2Z Hospitality Management Co. reached an agreement for Plant City-based Thurman Hotel Consultants to provide front desk sales and customer service training for A2Z's five-hotel portfolio.
A2Z's hotels include Four Points by Sheraton Harborside in Punta Gorda, Captiva Beach Resort in Siesta Key, Hibiscus Suites in Sarasota, Ramada Venice Resort in Venice and La Quinta Inn & Suites in Port Charlotte.
Founded in 2007 as Gwen Thurman Consultants, the company recently was renamed and expanded its services from management and training to include hotel management, consulting services, sales and marketing and revenue management programs. The company hired Cusic Daniels, who previously handled marketing for Charter One Hotels & Resorts, as its new president in November.
Tampa lawyer Hamilton of Quarles & Brady named national e-discovery partner
The national law firm of Quarles & Brady LLP has named Bill Hamilton, a partner in the firm's Tampa office, as the firm's national e-discovery partner.
In his new role, Hamilton will work closely on e-discovery matters with the law firm's litigation teams and litigation support department. In conjunction with his work with Quarles & Brady, Hamilton teaches electronic discovery and digital evidence as an adjunct professor at the University of Florida's Levin College of Law and serves as executive director of the International Center for Automated Research at the University of Florida and the UF Law E-Discovery Project.
Quarles & Brady LLP has more than 460 attorneys.
Seven Seas Water Corp. hires former ContourGlobal CFO
Water-treatment company Seven Seas Water Corp. has hired Lee Muller as senior vice president, chief financial officer and a member of the company's executive committee.
Muller was previously executive vice president and chief financial officer for ContourGlobal. During his tenure at ContourGlobal, he negotiated project and corporate financings.
Prior to ContourGlobal, Muller was an investment banker with Goldman Sachs, where he specialized in international project financing.
“[Muller] has an extensive background in investment banking for large international energy projects, and this knowledge correlates well with our build-own-operate business model for water services,” Robert Dixon, CEO of Seven Seas Water, says in a press release. “Mr. Muller's skill in establishing finance arrangements with both private and government-supported entities is precisely the expertise we were looking for to support our growth initiatives.”
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