Mesa-based American Traffic Solutions at Waypoint Gets Acquired

Tuesday, April 18, 2017 

Platinum Equity Buys American Traffic Solutions

Los Angeles-based private equity investor Platinum Equity has acquired American Traffic Solutions, a provider of road safety, red light, and traffic violation cameras, according to the two companies.

 

Financial details of the acquisition were not announced. ATS, which is based in Arizona, says it has more than 3,500 school bus stop arm, red-light and speed safety cameras installed.

Source: socaltech.com

 

Back on December 22, 2016 this news was published
SEC Charges Platinum Partners and Founder With Defrauding Investors
The SEC charged the founder of Platinum Partners and two of its flagship hedge fund advisory firms with conducting a fraudulent scheme to inflate asset values and illicitly move investor money to cover losses and liquidity problems.
The SEC’s complaint alleges that Mark Nordlicht and the Platinum funds overstated the value of an oil company that was among their largest assets, and they concealed a growing liquidity crisis by transferring money between the funds, making preferential redemptions to favored investors, and using misrepresentations to attract new investors to the struggling funds during what internal documents described as “Hail Mary time.”
The SEC’s complaint further alleges that Nordlicht schemed with two colleagues and an executive at the Platinum funds’ other major oil investment to divert almost $100 million from that company to help boost the Platinum funds. 
The SEC’s complaint charges several other individuals in addition to Nordlicht for their roles in the alleged schemes. 

Here In Mesa: Prime Turbines Awarded a U.S. Department of State Contract

VSE Corporation’s Aviation Subsidiary Wins New U.S. Government Work                              
April 18, 2017 05:09 PM EST
CARROLLTON, Texas--(BUSINESS WIRE)--Prime Turbines, LLC, a subsidiary of VSE Aviation, Inc. (“VSE Aviation”), has been selected to support the United States Department of State (DoS), Bureau of International Narcotics and Law Enforcement Affairs, Office of Aviation for the repair, overhaul and modification of T53-L-703 engines.

The single award Indefinite Delivery/Indefinite Quantity (IDIQ) contract has a five (5) year period of performance and supports a fleet of eighty-five (85) UH-1H “Huey” Helicopters. The maximum ceiling for the contract is $16.6 million.
The DoS Program provides aviation support for the eradication and interdiction of illicit drugs, training of contractor and host national personnel, embassy support, movement of personnel and equipment, reconnaissance, personnel recovery, medical evacuation, security of personnel and equipment, and ferrying of aircraft.    

"The work will be performed at our Prime Turbines, Mesa, AZ facility, which is a Honeywell authorized engine overhaul/repair and FAA Diamond Award facility,” said Paul Goffredi, VSE Aviation’s President and COO. “This facility exemplifies the high level of professionalism and quality we bring to the aviation industry.”
VSE Corporation (“VSE”) established VSE Aviation and acquired Prime Turbines and three other aviation operating companies in 2015.

“We are pleased by VSE Aviation’s first award as prime contractor supporting a federal government customer,” said VSE CEO Maurice “Mo” Gauthier. “This opportunity is consistent with our strategy to bring the mature capabilities of our acquired subsidiaries into new markets and expands our fleet sustainment competencies.”

About Prime Turbines
Prime Turbines, LLC is a subsidiary of VSE Aviation, Inc., a VSE Corporation company. Locations for Prime Turbines include:
Dallas,
Hyannis,
Phoenix,
Pittsburgh
Germany
For additional information regarding Prime Turbines services and products, please see the Company’s web site at www.primeturbines.com or contact Karen Goode at 972-406-2153.

About VSE
Established in 1959, VSE is a diversified products and services company providing logistics solutions with integrity, agility, and value.
VSE is dedicated to making our federal and commercial clients successful by delivering innovative solutions for vehicle, ship, and aircraft sustainment, supply chain management, platform modernization, mission enhancement, and program management, and providing energy, IT, and consulting services.
For additional information regarding VSE services and products, please see the Company's web site at www.vsecorp.com or contact Christine Kaineg, VSE Investor Relations, at (703) 329-3263.
Contacts

VSE News Contact:

Christine Kaineg, 703-329-3263

As a member of the VSE Aviation, Inc. family of companies, you can have confidence that we will be here for years to come to service your engine and keep you flying.

 

   

New Google Earth

Where We Live

Published on Apr 18, 2017

Views: 2.5M ++++

The whole world is now in your browser. Fly through landmarks and cities like London, Tokyo and Rome in stunning 3D, then dive in to experience them first hand with Street View. See the world from a new point of view with Voyager, which brings you stories from the BBC, NASA, Sesame Street and more. Start exploring: https://g.co/earth.

Choose your own adventure with Voyager
Experience interactive stories from around the world.

Discover new places with Knowledge Cards
Flip through cards and learn about local landmarks.

Orbit the world in 3D
Use the new 3D button to tilt the map.

Snap and share a Postcard
Capture snapshots of locations and share them with your friends.

City Council Meeting - 4/17/2017

Published on Apr 18, 2017
Views: 19

Mesa Council Study Session Mon 17 April 2017

Published on Apr 18, 2017
Views: 11
Duration: 1:39:17

Agenda is available in an earlier post on this site

Item 11-A off consent agenda for regular meeting

Covering Mesa: City Bakery Opens in Mesa

5,000 sq.ft
Published on 18 April 2017
City Bakery expanded its wholesale operations with a new location in Mesa, Arizona. Owner Michael Bortz launched the new business located at 2628 W. Birchwood Circle on Monday, April 17.

Entire Stream Here in Mesa: Jeff Flake Town Hall

Published on Apr 13, 2017

Views: 10,623

Smirking Jeff Flake Spars with ANGRY crowd in his first Town Hall This Year and seemed to think it was all a big joke.

But will he be smirking and laughing at his constituents at the next election?

That is up to you....

Sen. Jeff Flake, R-Ariz., got more boos than cheers from the estimated 1,800 people who turned out to his town hall in Mesa, Ariz., on Thursday evening, the lawmaker's first such event of the year.

The audience appeared to be comprised of mostly Democratic activists - as evident by the majority of people who protested the senator's statements throughout the event.