Lincolnshire Management has sold Amports Inc. to the investment platform InstarAGF Asset Management Inc. The premier automotive services company was acquired by Lincolnshire back on 2014. Amports’ 100% equity interest was given to InstarAGF. Before its acquisition by InstarAGF, Lincolnshire Management has been working with Amports to increase areas covered around Amports’ core locations.
Tom Callahan, the Managing Director and co-head of Amports from Lincolnshire Management, stated that Amports is one of the most important links in the global transportation supply chain serving the largest OEM or original equipment manufacturers in the world. Lincolnshire Management has been able to improve Amports’ processing volume by 20% and its acreage by 40%. According to Philip Kim, the Managing Director of Amports, Lincoln Management helped them make a presence in the most important segments of North America.
As per InstarAGF President and Executive Office Gregory J. Smith, their purchase of Amport is essential for global OEMs. Amports has a good record in delivering customized services to OEMs for half a century already. InstarAGF was advised by ING Financial Markets LLC, McCarthy Tetrault LLP, and Morrison Foerster LLP for this purchase. UBS Investment Bank and Kirkland & Ellis LLP is the one who advised Amports to give the deal a nod.
Amports President and Chief Operating Officer Steve Taylor are happy to welcome InstarAGF to their family. They are looking forward to working with InstarAGF for building quality, safe, operational excellence and satisfaction from new and old customers.
Lincoln Management, a private equity firm situated in Chicago, Atlanta, and Los Angeles, is a private equity firm that invests in acquisitions of private companies. It was founded in 1986 and is now managing over $1.7 billion private equity funds. The firm is reported to have made 70+ acquisitions over the last three decades.
InstarAGF Asset Management Inc. is an alternative asset management firm that operates mainly in North America. It is a joint venture between Instar Group Inc. and AGF Management Limited.
Amports is an automotive port logistics and processing company operating at Jacksonville, Florida since 1995. It is located in the United States and Mexico on coastal zones, which is proven to be strategical.
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David McDonald is quite an individual. He is truly a person that proves that how you begin is not how you have to end. He is currently the COO of a major meat processing company named OSI Industries and that is not an easy feat. From small time to big time, here is an overview of this amazing man. David McDonald was born in 1964 and raised on a farm in Northeast Iowa. He attended Iowa State University and graduated with a Bachelor’s Degree in Animal Science. He was awarded the Wallace E. Barron Outstanding Senior Award when graduating from college. 1987 was when Mr. McDonald joined OSI Industries, a multi-national food processing company, where he began his career as a Project Manager.
His responsibility was to expand OSI internationally with the main focus being Latin America and Asia. The growth of David McDonald was outstanding while being with OSI. After increasing his responsibilities within the company, he is currently the Chief Operating Officier and he also holds a seat on the board there. Mr. McDonald also held a seat on the Board of Directors of Marfrig Alimentos S/A in Brazil which is a very large protein company in multiple countries. In January 2015, Mr. McDonald became the first Chairman of the North American Meat Institute.
Although he has found much success away from his born state, He is still committed to the Iowa State community. He plays an active role in the University’s Agricultural Entrepreneurship Initiative. He is an amazing supporter of the Alpha Gamma Rho scholarship fund and has also played a lead role in establishing internship opportunities for ISU students at the OSI Group. In 2004, David McDonald won the ISU Alumni Association’s Young Alumni Award for his activism with the alumni association. In 1991, David McDonald married and he has a total of six children to this day which whom he spends a lot of time with and their activities. Mr. McDonald is also a very active member in church and his community. He once served as a member of the St. Michael School Board and he is a participant in the St. Michael Parish.
Freedom checks are usually issued by companies that are known as Master Limited Partnerships. These companies usually major in the energy industry where they engage in activities such as production, refining and transporting oil and gas. They invest in the exploration of new oil and gas wells, extraction of the oil and transport them through variously established oil pipelines. In order for a company to qualify to be a Master Limited Company, they must pay a minimum of 90% of the revenue it gets from its ventures to the shareholders. Currently, there are more than 500 Master Limited Companies that are making these monthly payments to the shareholders.
These Quarterly payments from the Master Limited Companies are the same as the share dividends. Nonetheless, because they are treated as a return on capital instead of income, the investors are exempted from paying taxes on these freedom checks. Again, if you decide to dispose of your MLP investment, the profit you will get from the sale will only be subjected to lower capital gains tax instead of the higher personal income tax. This offers additional income tax benefits to the investors. Another benefit of Master Limited Partnerships is that their shares are very easy to buy. Like the traditional way of buying the normal shares, one can receive his or her freedom checks either through the mail or have it deposited into his or her brokerage account.
Therefore, investments in Master Limited Partnerships can help one generate substantial incomes. For example, Matt Badiali has gained so much wealth for himself and his followers. The government of the United States allowed the MLPs to avoid taxes as a way of maintaining its independence by producing more energy. Consequently, he supported the development of a law that would eventually benefit investors in the energy industry. Despite the fact that one needs larger investments so that one can receive a substantial amount of income, Americans were encouraged to start buying the shares with as low as $50 in spare cash. Therefore, investors can take advantage of Freedom checks as they offer a high rate of return making their money to grow over time. Learn More.