Industrial and Institutional Sales Group has bought Cinpak, an Austin, Texas firm whose product offerings include disposable take-out packaging, pizza boxes and buffet supplies. It’s the third acquisition for I&I Sales Group, a portfolio company of Tampa-based private equity firm Osceola Capital. The purchase price was not disclosed in a news release.
Raymond James & Associates is one of the 29 underwriters for Uber Technologies’ highly anticipated initial public offering, according to documents filed Thursday with the Securities and Exchange Commission. St. Petersburg-based Raymond James also was an underwriter for rival ride-share company Lyft’s IPO last month.
Tricera Capital paid $5.98 million to buy the 27,796-square-foot building at 433 Central Ave. in downtown St. Petersburg, according to a deed filed April 1 with Pinellas County. The building is home to the Rising Tide Innovation Center. Tricera, a Miami-based real estate firm, owns five other properties on Central Avenue, as well as properties in the Edge and Grand Central districts.
Carter Validus Mission Critical REIT Inc. and Carter Validus Mission Critical REIT II Inc. have a definitive agreement to merge, creating an entity valued at $3.2 billion. Both Tampa-based real estate investment trusts focus on investing in income producing commercial real estate. The deal is expected to close in the second half of 2019, although the agreement allows Carter Validus Mission Critical REIT to look for another buyer.
Alexis Grant, executive vice president of content for The Penny Hoarder, is leaving the St. Petersburg-based personal finance website at the end of the week, TalkingBizNews reported. Grant, previously executive editor, said on LinkedIn that she is looking forward to some rest after working to build the company over five years. Her departure comes about three weeks after the Penny Hoarder laid off some of its workers.
Packaging company Ball Corp. (NYSE: BLL), recognized its five most sustainable manufacturing plants of 2018, including its Tampa facility. The Tampa plant and four others demonstrated significant efficiency improvements, team safety and wellness enhancement, promotion of metal packaging's sustainability credentials and community engagement.
A federal agency awarded Johns Hopkins All Children’s Hospital a $5 million dollar grant to help improve the health of mothers and babies in Pinellas County. The grant allows the hospital’s Healthy Start program to support Black/African-American pregnant women, fathers, infants and children in at-risk communities.
The Tampa Bay Rays have a total value of $1.01 billion, up 12 percent from a year ago, a new report from Forbes said. The Rays ranked No. 29 among 30 Major League Baseball clubs, based on total value, with the Miami Marlins in the bottom spot on the Forbes list. The Rays had $27 million in operating income on $228 million in revenue last year, Forbes said.
Tesla eliminated 22 sales jobs at its Tampa showroom, and cut additional staff in Chicago and Brooklyn, New York, according to Bloomberg. The company confirmed the cuts but did not say how many people were involved, Bloomberg said. Tesla, which has been closing some showrooms in favor of online-ordering, did not respond to a request for comment from the St. Pete Catlayst.
Republic Bank opened a loan production office in Oldsmar. The new office, at 300 State Street East, will make lending easier for clients and will enhance the company’s successful community banking model in the Tampa Bay area, David Feaster, market president, said in a news release. Republic Bank has seven full-service offices in the area.
Baldwin Krystyn Sherman Partners, a Tampa-based insurance brokerage and risk management firm, bought Lykes Insurance, one of Florida's oldest commercial insurance agencies. It was established in 1925 by Lykes Bros. Inc. to protect both the multi-industry and personal Lykes family assets. Lykes Insurance will inherit the BKS-Partners name over the next few months, Insurance Journal reported.
Fortune’s new list of Best Place to Work in Health Care and Biopharma includes BayCare Health System and InformedDNA, a genetic testing company in St. Petersburg. BayCare, a nonprofit with 15 hospitals and 23,853 employees, ranks No. 7, while InformedDNA, with 108 workers, is No. 21 on the list. Read an interview with BayCare CEO Tommy Inzina about what it takes to create a best workplace here.
