KCS

Uniting for Inclusion: Waves Coffee, Joe's Table, and Individuals with Disabilities in the Workplace

Retrieved on: 
Tuesday, August 1, 2023

Together, they aim to provide meaningful employment opportunities, matching each person's unique skills with tasks that lead to personal and professional growth.

Key Points: 
  • Together, they aim to provide meaningful employment opportunities, matching each person's unique skills with tasks that lead to personal and professional growth.
  • Central to this partnership is the shared belief that a coffee house should serve as the heart of a community, fostering connections among all its members.
  • By collaborating, these organizations aim to offer a transformative opportunity for individuals seeking to enhance their communication and social skills, ultimately empowering them in the workplace.
  • The program aims to train and empower 30 individuals within one year, primarily focusing on fostering job opportunities at Waves Coffee Houses.

Accel-KKR to Sell Kerridge Commercial Systems Ltd

Retrieved on: 
Thursday, July 13, 2023

MENLO PARK, Calif. and BERKSHIRE, United Kingdom, July 13, 2023 /PRNewswire/ -- Accel-KKR , a global technology-focused private equity firm, today announced that it has signed a definitive agreement to sell Kerridge Commercial Systems Ltd ("KCS"), an ERP and business management software provider for distributors, wholesalers and related trades, to CapVest Partners LLP ("CapVest"), an international private equity firm.

Key Points: 
  • MENLO PARK, Calif. and BERKSHIRE, United Kingdom, July 13, 2023 /PRNewswire/ -- Accel-KKR , a global technology-focused private equity firm, today announced that it has signed a definitive agreement to sell Kerridge Commercial Systems Ltd ("KCS"), an ERP and business management software provider for distributors, wholesalers and related trades, to CapVest Partners LLP ("CapVest"), an international private equity firm.
  • In addition, KCS completed several follow-on acquisitions that expanded its business into new geographies including North America and Continental Europe, such as the take-private acquisition of US-based MAM Systems in 2019.
  • Tom Barnds, Co-Managing Partner at Accel-KKR, said, "We are very proud of our partnership with Ian Bendelow and the KCS management team.
  • We wish them nothing but the best as they continue their growth with their new private equity sponsor."

CapVest Acquires Leading Global SaaS ERP Provider Kerridge Commercial Systems

Retrieved on: 
Thursday, July 13, 2023

Funds managed by CapVest Partners LLP (“CapVest”), an international private equity firm, have agreed to acquire Kerridge Commercial Systems (“KCS” or “The Company”), a leading global provider of enterprise resource planning (ERP) software for distribution, servicing and rental businesses, from Accel-KKR, a global technology-focused investment firm.

Key Points: 
  • Funds managed by CapVest Partners LLP (“CapVest”), an international private equity firm, have agreed to acquire Kerridge Commercial Systems (“KCS” or “The Company”), a leading global provider of enterprise resource planning (ERP) software for distribution, servicing and rental businesses, from Accel-KKR, a global technology-focused investment firm.
  • KCS’s leading vertical specific software and services are delivered to a global base of over 32,000 customers across more than 70 countries.
  • Ian Bendelow, CEO of KCS, said: “This is an exciting announcement for the whole KCS team, which will further solidify our position as a leading provider of mission-critical vertically focused SaaS globally.
  • We operate in a fragmented and growing £3.4bn addressable market with significant whitespace opportunities as companies digitalise processes and migrate to the cloud.

Greenbrier Adds Patrick Ottensmeyer as Independent Director to Board of Directors

Retrieved on: 
Wednesday, June 28, 2023

LAKE OSWEGO, Ore., June 28, 2023 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE:GBX) announced today the election of Patrick J. Ottensmeyer to the Company's Board of Directors. The election of Ottensmeyer increases Greenbrier's Board from 10 to 11 members, nine of whom are independent directors.

Key Points: 
  • Former KCS CEO Patrick J. Ottensmeyer elected to Board of Directors
    LAKE OSWEGO, Ore., June 28, 2023 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE:GBX) announced today the election of Patrick J. Ottensmeyer to the Company's Board of Directors.
  • The election of Ottensmeyer increases Greenbrier's Board from 10 to 11 members, nine of whom are independent directors.
  • The Board is confident he will provide important perspectives as we continue to execute our strategy, drive profitability and enhance value for all Greenbrier shareholders," said Thomas Fargo, Greenbrier Board Chair.
  • Greenbrier is fortunate to have Pat join our Board of Directors."

Railroads reach agreement to create new direct connection and corridor linking Mexico, Texas and the U.S. Southeast

Retrieved on: 
Wednesday, June 28, 2023

As part of the series of proposed transactions, CPKC and CSX would each acquire or operate portions of Meridian & Bigbee Railroad, L.L.C.

Key Points: 
  • As part of the series of proposed transactions, CPKC and CSX would each acquire or operate portions of Meridian & Bigbee Railroad, L.L.C.
  • (MNBR), a G&W-owned railway in Mississippi and Alabama, to establish a new freight corridor for shippers that connects Mexico, Texas and the U.S. Southeast.
  • As a result, CPKC and CSX would establish a direct CPKC-CSX interchange at or near Myrtlewood, Ala.
  • These and other factors are detailed from time to time in reports filed by CPKC with securities regulators in Canada and the United States.

Richardson announces plans to expand eight elevators in Canada on the CPKC network

Retrieved on: 
Monday, June 26, 2023

"Expanding eight elevators will increase capacity and efficiency, enabling Richardson to further benefit from CPKC's single-line network reaching Canada, the U.S. and Mexico.

Key Points: 
  • "Expanding eight elevators will increase capacity and efficiency, enabling Richardson to further benefit from CPKC's single-line network reaching Canada, the U.S. and Mexico.
  • Richardson currently ships unit trains from 27 CPKC-served elevators in Canada and 1 in the northern U.S.
  • "CPKC is thrilled to have these Richardson elevators added to the growing list of already qualified 8,500-foot HEP sites across western Canada," said John Brooks, CPKC's Executive Vice-President and Chief Marketing Officer.
  • The CPKC single-line network creates a seamless pipeline to the Italgrani mill from the durum-rich areas in Saskatchewan, where Richardson elevators are well positioned.

CPKC and CSX announce planned collaboration to develop additional hydrogen locomotives

Retrieved on: 
Thursday, June 22, 2023

As an initial step in the collaboration, CSX plans to convert one of its diesel locomotives using a hydrogen conversion kit developed by CPKC.

Key Points: 
  • As an initial step in the collaboration, CSX plans to convert one of its diesel locomotives using a hydrogen conversion kit developed by CPKC.
  • “This innovative collaboration expands our hydrogen locomotive program beyond a single railroad and represents an exciting next step in proving the long-term viability of hydrogen as a solution to emissions reduction for our industry,” said Keith Creel, CPKC president and chief executive officer.
  • “Our hydrogen locomotive went from concept to reality in 24 months with the first zero emissions hydrogen locomotive having already pulled freight in revenue service.
  • This news release contains forward-looking information relating, but not limited, to, the planned collaboration between CPKC and CSX to develop additional hydrogen locomotives, the anticipated impacts of the collaboration on levels of carbon emissions, the anticipated date the second hydrogen locomotive is expected to enter into service, and other related matters associated with providing an effective solution to diesel locomotives.

New CPKC climate commitment aligned with SBTi Business Ambition for 1.5⁰C and Net Zero

Retrieved on: 
Thursday, June 8, 2023

"This represents an important milestone in the sustainability journey for the new CPKC," said Keith Creel, CPKC President and Chief Executive Officer.

Key Points: 
  • "This represents an important milestone in the sustainability journey for the new CPKC," said Keith Creel, CPKC President and Chief Executive Officer.
  • "It comes early in our integration and reaffirms our commitment to operating sustainably as we grow our business for the future.
  • This new commitment builds on the foundational work addressing climate change already underway, including our industry-leading Hydrogen Locomotive Program."
  • This consolidated target replaces individual former CP and KCS targets to provide a single SBTi validated target while CPKC continues its ongoing integration work.

CPKC adds 1,000 reefers to expanding MMX service

Retrieved on: 
Tuesday, May 30, 2023

MMX is North America's first single-line rail service offering for refrigerated shippers from the Midwest to Mexico, a market currently served by trucks.

Key Points: 
  • MMX is North America's first single-line rail service offering for refrigerated shippers from the Midwest to Mexico, a market currently served by trucks.
  • Single-line haul efficiencies, combined with seamless crossborder service, make CPKC intermodal transit times competitive with over the road trucks.
  • MMX trains offer third-day service to/from Laredo, fourth-day service to/from Monterrey, and 4.5-day service to/from San Luis Potosi.
  • In April, CPKC announced new multi-year agreements with Schneider and with Knight-Swift Transportation for intermodal transportation services along the CPKC single-line north-south corridor.

KBR Expands Base Operations Support in the Indo-Pacific Region

Retrieved on: 
Tuesday, May 23, 2023

HOUSTON, May 23, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has expanded its base operations support services in the Indo-Pacific region with a $24M task award contract by 94th Army Air and Missile Defense Command (94th AAMDC) for support of two key communications sites in Japan.

Key Points: 
  • HOUSTON, May 23, 2023 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has expanded its base operations support services in the Indo-Pacific region with a $24M task award contract by 94th Army Air and Missile Defense Command (94th AAMDC) for support of two key communications sites in Japan.
  • Under the terms of the contract, KBR provides mission-critical base operations and infrastructure services at Kyogamisaki and Shariki Communication Sites (KCS and SCS) over the next five years.
  • This contract win aligns with KBR's focus on expanding operations within the Indo-Pacific in support of the U.S. strategic goals in the region.
  • For more than 25 years, KBR has provided mission-critical logistics, operations, and prepositioned stock services to the United States and allied nations around the world.