Latest news with #AdamAnderson
BBC News
11-07-2025
- Automotive
- BBC News
Family pays tribute to 'amazing dad' after fatal A59 crash
A family has paid tribute to an "amazing dad" after he died in a crash on the A59 in North Anderson, 41, had been riding a red Honda motorcycle when it collided with a blue Vauxhall Mokka car at about 08:00 BST on motorcyclist, from Wakefield, was fatally injured in the crash, which happened between the junction with the A1(M) and the Flaxby roundabout, near Anderson's family described him as a "larger-than-life character whose contagious, infectious laugh and bright spirit could light up any room". A statement read: "Above all, Adam was an amazing dad who lived for his daughter - every decision he made and every ounce of his effort was for her."His impeccable work ethic was matched only by his unshakable moral fibre; he worked tirelessly to provide for his family and set an example of integrity and dedication."They added Mr Anderson was loyal and dependable, and never hesitated to put others first."We have lost not just a friend, but a father, son, brother and partner," the family said. "A truly extraordinary soul who touched countless lives with his kindness, generosity and larger-than-life heart. "His memory will live on in all of us who were lucky enough to know and love him."North Yorkshire Police has appealed for witnesses to come forward as "a matter of urgency"."There was queuing traffic in the area at the time of the collision, including people travelling towards the Great Yorkshire Show, and officers would like to hear from anyone with information that could assist the investigation," a force spokesperson added. Listen to highlights from North Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Yahoo
03-07-2025
- Business
- Yahoo
Transmarine Navigation Corporation acquires T Parker Host
Transmarine Navigation Corporation (TNC), a US-based tramp ship agency, has announced the acquisition of ship agency T Parker Host. The merger, effective from 1 July 2025, unites two leading ship agencies to form what the companies claim is the 'largest independent tramp ship agency' in the US. The deal combines more than 85 years of Transmarine's expertise along the Pacific corridor with Host's century-long legacy on the US East and Gulf Coasts. The partners seek to create value for customers, partners, employees and the maritime community. TNC managing director Leslie Clements stated: 'This partnership is rooted in a shared commitment to customer service, operational excellence and the future of marine logistics. 'By uniting two organisations with deep expertise and proud histories, we're building a stronger, more agile partner for our customers — one that's equipped to meet the evolving demands of global trade.' By leveraging Host's advanced technology, talent and expertise alongside Transmarine's established market presence, the combined entity aims to accelerate market positions, expand service capabilities and maintain a high level of customer service. T Parker Host chairman and CEO Adam Anderson stated: 'This acquisition aligns with our strategic vision to deliver seamless, high-touch maritime solutions across every major US port. 'By joining forces with Transmarine, we are expanding our footprint into the Pacific and enhancing our ability to serve customers with the same responsiveness, precision, and trust they've come to expect — now at every major port in the US, every tide and every terminal.' The merger is poised to bring key benefits to clients, including the continuation of service, enhanced capabilities through broader geographic reach and advanced technical resources, and a seamless transition with no disruptions to current services or agreements. "Transmarine Navigation Corporation acquires T Parker Host" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
17-06-2025
- Yahoo
Kentucky man indicted of punching woman, abducting toddler in Dayton
Jun. 16—A Kentucky man who was accused of punching a woman, kidnapping their son and stealing her vehicle has been indicted by a Montgomery County grand jury. Adam Anderson, 34, of Ghent, Kentucky, was indicted in Montgomery County Common Pleas Court on felony counts of aggravated robbery, felonious assault and abduction, as well as a misdemeanor count of domestic violence. Around 3:30 p.m. on June 5, police were called to Big Daddy's Mini Mart & Gas at 1627 E. Third Street for a domestic violence call. According to an affidavit filed in Dayton Municipal Court, police found a woman who was "dazed, bleeding from her mouth, and missing a tooth." She said that Anderson, who is her son's father, punched her in the mouth, stole her car and left with the 2-year-old boy in the car. A family member who witnessed the assault said they got a second child out of the car before Anderson took it, the affidavit said. Police found Anderson standing outside the stolen vehicle, with the toddler still inside, at Sammy's Drive Thru at 1290 Woodman Drive, documents said. Anderson had blood on his left hand, the affidavit said. The child was reportedly uninjured by crying. Dayton Police Sgt. Andrew Zecchini previously said that Anderson was found just over an hour after officers were dispatched, and that the child was checked by medical professionals out of an abundance of caution. Anderson told police that he had been dating the woman for three years and that they had broken up that day. He said that he lost his temper because he suspected she cheated on him, and claimed he hurt his hand slamming it on a door, the affidavit said. Initially he denied punching the woman but allegedly admitted to knocking out her tooth and taking the toddler during a jail call. He also reportedly admitted the vehicle belonged to the woman and he took it wanting to leave. Police said previously that Anderson does not have custody of the child, and has a warrant for his arrest in Kentucky for violent crimes. Anderson is currently in the Montgomery County Jail, and is scheduled for arraignment Friday.
Yahoo
02-06-2025
- Business
- Yahoo
Innovex Expands Platform With Highly Accretive Acquisition of Citadel Casing Solutions
HOUSTON, June 02, 2025--(BUSINESS WIRE)--Innovex International, Inc. (NYSE: INVX) (the "Company" or "Innovex") is pleased to announce that it has completed the acquisition of Citadel Casing Solutions, LLC ("Citadel"), leveraging its unique, energy industrial platform. This investment meets all the criteria of the Company's disciplined M&A framework, including a focus on single-use, highly engineered products that share the Company's "Big Impact, Small Ticket" value proposition. Founded in 2016 by a team of industry experts, Citadel is a leading provider of differentiated downhole technologies which are designed to improve its customers' economics by driving reduced cycle times through improved operational efficiencies. The acquisition is financially attractive even prior to expected synergies. The transaction values Citadel at approximately 3.8x LTM Adjusted EBITDA1 and is 8% accretive to Innovex's EPS2. Innovex anticipates realizing approximately $2 million of cost synergies within 3 months and anticipates further synergies longer term as the business is fully integrated. "We are excited to add another strong team and complementary set of products to Innovex's portfolio," said Adam Anderson, CEO of Innovex. "Citadel has successfully grown its business through-cycle by adhering to a culture which is in line with our 'No-Barriers' approach. Citadel's products drive efficiencies by reducing cycle times, and its TrenchFoot™ Wet Shoe technology increases reservoir access resulting in increased production for our customers. As a result of its technology centric approach, Citadel has outgrown the market over the last few years, and we expect this to continue over the next few years. This acquisition bolsters our leadership position in the cementing tool market in US Land and supports our efforts to grow market share in the offshore and international markets." "We are excited to accelerate our growth under the Innovex banner by tapping into its broad, complementary product portfolio and geographical exposure," said Todd Stair, CEO of Citadel. "The combination of our teams and technologies will enhance our ability to help operators deliver efficient wells, furthering our like-minded mission to help bring reliable and affordable energy to the world." "The acquisition of Citadel fits perfectly within our M&A framework," said Kendal Reed, CFO of Innovex. "Citadel's portfolio of Big Impact, Small Ticket products has allowed it to achieve rapid, profitable growth while delivering exceptional returns on capital. We were able to acquire Citadel at a favorable multiple and strong acquisition-level returns even before considering revenue and cost synergies. Importantly, the transaction is highly accretive to our earnings and cash flow per share. Given our strong balance sheet and cash flow generative business model, we were able to acquire Citadel in an all-cash transaction while maintaining an extremely conservative leverage profile and an active corporate buyback program. We expect this acquisition to drive ROCE3 well in excess of idle balance sheet cash, improving long-term returns for our shareholders." Advisors Akin Gump Strauss Hauer & Feld LLP served as legal advisor to Innovex. Piper Sandler served as exclusive financial advisor to Citadel, and Troutman Pepper Locke LLP served as Citadel's legal advisor. About Innovex Innovex International, Inc (NYSE: INVX) is a Houston-based company established in 2024 following the merger of Dril-Quip, Inc and Innovex Downhole Solutions. Our comprehensive portfolio extends throughout the lifecycle of the well; and innovative product integration ensures seamless transitions from one well phase to the next, driving efficiency, lowering cost, and reducing the rig site service footprint for the customer. With locations throughout North America, Latin America, Europe, the Middle East and Asia, no matter where you need us, our team is readily available with technical expertise, conventional and innovative technologies, and ever-present customer service. About Citadel Founded in 2016, Citadel was established to revolutionize casing technology through continuous innovation. Citadel's high-quality, reliable downhole tools are used globally, driving efficiency and performance in the Oil and Gas sector. By combining internal R&D with strategic partnerships, Citadel remains at the forefront of technological advancements in casing solutions. Non-GAAP Financial Measures Adjusted EBITDA is a non-GAAP financial measure. Innovex defines Citadel's Adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, deal costs and board retention agreements, net, further adjusted to exclude certain items which Citadel believes are not reflective of its ongoing performance or which are non-cash in nature. Citadel management used Adjusted EBITDA to assess the profitability of its business operations and to compare Citadel's operating performance to its competitors without regard to the impact of financing methods and capital structure and excluding costs that management believes do not reflect its ongoing operating performance. Adjusted EBITDA does not represent and should not be considered as an alternative to, or more meaningful than, net income or any other measure of financial performance presented in accordance with GAAP as measures of Citadel's financial performance. Innovex's computation of Citadel's Adjusted EBITDA may differ from computations of similarly titled measures of other companies. Innovex utilizes Return on Capital Employed ("ROCE") (a non-GAAP measure) to assess the effectiveness of its capital allocation over time and to compare its capital efficiency to its competitors. Innovex defines ROCE as Income from Operations, before acquisition and integration costs and after tax (resulting in Adjusted Income from Operations, after tax) divided by average capital employed. Capital employed is defined as the combined values of debt and stockholders' equity. Forward-Looking Statements Certain statements contained in this press release and oral statements made regarding the matters addressed in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Innovex's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology including "may," "believe," "expect," "intend," "anticipate," "plan," "should," "estimate," "continue," "potential," "will," "hope" or other similar words and include the Company's expectation of future performance contained herein. These statements discuss future expectations or state other "forward-looking" information, including without limitation statements regarding the expected benefits of the acquisition. You are cautioned not to place undue reliance on any forward-looking statements, which can be affected by assumptions used or by risks or uncertainties. Consequently, no forward- looking statements can be guaranteed. These statements reflect management's expectations based on currently available information and involve significant risks, uncertainties and assumptions that may cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, economic conditions and other factors noted in the Company's Annual Report on Form 10-K, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the Securities and Exchange Commission. Innovex disclaims any duty to update and does not intend to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release, except as may be required by law. ________________________________________ 1 Citadel's LTM Adjusted EBITDA as of 04/30/2025. Adjusted EBITDA is a non-GAAP measure. A reconciliation of Citadel's LTM Adjusted EBITDA to Citadel LTM net income, the most directly comparable financial measures presented in accordance with GAAP, is outlined in the reconciliation table accompanying this release. 2 Reflects LTM as-reported net income for both Innovex and Citadel as of 03/31/2025. The net income amount does not give effect to costs, charges, synergies, or other similar items that could result from a combined company. The share count uses Innovex's outstanding share count as of 03/31/2025. As Citadel is a passthrough entity, Citadel did not incur any income tax expenses. As a combined company, income tax expenses would be expected. Therefore, for the purpose of calculating EPS, an assumed tax rate of 21% was used. 3 Return on Capital Employed ("ROCE") is a non-GAAP measure. Innovex International, Inc. Reconciliation of Citadel's Net Income to Adjusted EBITDA (in thousands) (Unaudited) CitadelLTM April 30, 2025 Revenue $ 71,965 Net Income $ 15,098 Interest expense 513 Income tax expense - Depreciation and amortization 2,600 Other expense/income - EBITDA $ 18,212 Deal Costs 185 Board Retention Agreements 64 Adjusted EBITDA $ 18,461 Net Income (Loss) % Revenue 21 % Adjusted EBITDA Margin1 26 % Note: Figures shown above reflect unaudited results. A quality of earnings analysis was conducted to verify the figures shown. (1) Underlying calculation is not rounded. View source version on Contacts Investor Relations Contact Avinash CuddapahSr. Director – Investor Relationsinvestors@ (346) 398-0000
Business Wire
02-06-2025
- Business
- Business Wire
Innovex Expands Platform With Highly Accretive Acquisition of Citadel Casing Solutions
HOUSTON--(BUSINESS WIRE)--Innovex International, Inc. (NYSE: INVX) (the 'Company' or 'Innovex') is pleased to announce that it has completed the acquisition of Citadel Casing Solutions, LLC ('Citadel'), leveraging its unique, energy industrial platform. This investment meets all the criteria of the Company's disciplined M&A framework, including a focus on single-use, highly engineered products that share the Company's ' Big Impact, Small Ticket ' value proposition. "This acquisition bolsters our leadership position in the cementing tool market in US Land and supports our efforts to grow market share in the offshore and international markets.' Founded in 2016 by a team of industry experts, Citadel is a leading provider of differentiated downhole technologies which are designed to improve its customers' economics by driving reduced cycle times through improved operational efficiencies. The acquisition is financially attractive even prior to expected synergies. The transaction values Citadel at approximately 3.8x LTM Adjusted EBITDA 1 and is 8% accretive to Innovex's EPS 2. Innovex anticipates realizing approximately $2 million of cost synergies within 3 months and anticipates further synergies longer term as the business is fully integrated. 'We are excited to add another strong team and complementary set of products to Innovex's portfolio,' said Adam Anderson, CEO of Innovex. 'Citadel has successfully grown its business through-cycle by adhering to a culture which is in line with our 'No-Barriers' approach. Citadel's products drive efficiencies by reducing cycle times, and its TrenchFoot™ Wet Shoe technology increases reservoir access resulting in increased production for our customers. As a result of its technology centric approach, Citadel has outgrown the market over the last few years, and we expect this to continue over the next few years. This acquisition bolsters our leadership position in the cementing tool market in US Land and supports our efforts to grow market share in the offshore and international markets.' 'We are excited to accelerate our growth under the Innovex banner by tapping into its broad, complementary product portfolio and geographical exposure,' said Todd Stair, CEO of Citadel. 'The combination of our teams and technologies will enhance our ability to help operators deliver efficient wells, furthering our like-minded mission to help bring reliable and affordable energy to the world.' 'The acquisition of Citadel fits perfectly within our M&A framework,' said Kendal Reed, CFO of Innovex. 'Citadel's portfolio of Big Impact, Small Ticket products has allowed it to achieve rapid, profitable growth while delivering exceptional returns on capital. We were able to acquire Citadel at a favorable multiple and strong acquisition-level returns even before considering revenue and cost synergies. Importantly, the transaction is highly accretive to our earnings and cash flow per share. Given our strong balance sheet and cash flow generative business model, we were able to acquire Citadel in an all-cash transaction while maintaining an extremely conservative leverage profile and an active corporate buyback program. We expect this acquisition to drive ROCE 3 well in excess of idle balance sheet cash, improving long-term returns for our shareholders.' Advisors Akin Gump Strauss Hauer & Feld LLP served as legal advisor to Innovex. Piper Sandler served as exclusive financial advisor to Citadel, and Troutman Pepper Locke LLP served as Citadel's legal advisor. About Innovex Innovex International, Inc (NYSE: INVX) is a Houston-based company established in 2024 following the merger of Dril-Quip, Inc and Innovex Downhole Solutions. Our comprehensive portfolio extends throughout the lifecycle of the well; and innovative product integration ensures seamless transitions from one well phase to the next, driving efficiency, lowering cost, and reducing the rig site service footprint for the customer. With locations throughout North America, Latin America, Europe, the Middle East and Asia, no matter where you need us, our team is readily available with technical expertise, conventional and innovative technologies, and ever-present customer service. About Citadel Founded in 2016, Citadel was established to revolutionize casing technology through continuous innovation. Citadel's high-quality, reliable downhole tools are used globally, driving efficiency and performance in the Oil and Gas sector. By combining internal R&D with strategic partnerships, Citadel remains at the forefront of technological advancements in casing solutions. Non-GAAP Financial Measures Adjusted EBITDA is a non-GAAP financial measure. Innovex defines Citadel's Adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, deal costs and board retention agreements, net, further adjusted to exclude certain items which Citadel believes are not reflective of its ongoing performance or which are non-cash in nature. Citadel management used Adjusted EBITDA to assess the profitability of its business operations and to compare Citadel's operating performance to its competitors without regard to the impact of financing methods and capital structure and excluding costs that management believes do not reflect its ongoing operating performance. Adjusted EBITDA does not represent and should not be considered as an alternative to, or more meaningful than, net income or any other measure of financial performance presented in accordance with GAAP as measures of Citadel's financial performance. Innovex's computation of Citadel's Adjusted EBITDA may differ from computations of similarly titled measures of other companies. Innovex utilizes Return on Capital Employed ("ROCE") (a non-GAAP measure) to assess the effectiveness of its capital allocation over time and to compare its capital efficiency to its competitors. Innovex defines ROCE as Income from Operations, before acquisition and integration costs and after tax (resulting in Adjusted Income from Operations, after tax) divided by average capital employed. Capital employed is defined as the combined values of debt and stockholders' equity. Forward-Looking Statements Certain statements contained in this press release and oral statements made regarding the matters addressed in this release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Innovex's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology including 'may,' 'believe,' 'expect,' 'intend,' 'anticipate,' 'plan,' 'should,' 'estimate,' 'continue,' 'potential,' 'will,' 'hope' or other similar words and include the Company's expectation of future performance contained herein. These statements discuss future expectations or state other 'forward-looking' information, including without limitation statements regarding the expected benefits of the acquisition. You are cautioned not to place undue reliance on any forward-looking statements, which can be affected by assumptions used or by risks or uncertainties. Consequently, no forward- looking statements can be guaranteed. These statements reflect management's expectations based on currently available information and involve significant risks, uncertainties and assumptions that may cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, economic conditions and other factors noted in the Company's Annual Report on Form 10-K, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the Securities and Exchange Commission. Innovex disclaims any duty to update and does not intend to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release, except as may be required by law.
