St. Louis Corporate Mergers, Acquisitions & Relocations

brianadler6545 · PostMar 05, 2021#12762021-03-05T15:28+00:00

urbanitas wrote:
Miss Shell wrote: ↑
Mar 05, 2021
brianadler6545 wrote:Square picked up most of Tidal, with Jay Z joining their board. Jay z also sold his Sprint shares to Square as part of the deal.

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That won't affect the STL workforce, though.

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Except now you can say Jay-Z is your boss. Sort of.

Hah, exactly.

I am curious to see if this makes STL a more attractive place to bring various portions of these workforces.

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wabash · PostMar 05, 2021#12772021-03-05T15:43+00:00

brianadler6545 wrote: ↑
Mar 05, 2021
urbanitas wrote:
Miss Shell wrote: ↑
Mar 05, 2021
That won't affect the STL workforce, though.

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Except now you can say Jay-Z is your boss. Sort of.
Hah, exactly.

I am curious to see if this makes STL a more attractive place to bring various portions of these workforces.

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I think it moves Brooklyn's Marcy Projects ahead of us in line.

Miss Shell · PostMar 05, 2021#12782021-03-05T17:25+00:00

[/quote]
Except now you can say Jay-Z is your boss. Sort of.[/quote]

Lol! I guess you could say that. I don't plan to come to the office much once we reopen, but you bet I'd show up if he and Beyonce make an appearance.

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OnTheEdge · PostMar 05, 2021#12792021-03-05T18:25+00:00

Miss Shell - I take it you don't plan to come to the office much once you reopen b/c Square has given their employees the option to work from home indefinitely, correct? Any idea of a rough guess percentage wise of your coworkers doing the same as you?

Miss Shell · PostMar 05, 2021#12802021-03-05T21:06+00:00

^ That's correct. We can work remotely indefinitely, as long as we are meeting expectations. I haven't discussed the topic much with others, though, so I'm not sure how many people would be coming into the office.

Edit: If I had to guess, I would say that the office will be less than half full on any given day.

OnTheEdge · PostMar 06, 2021#12812021-03-06T14:34+00:00

^Okay, appreciate the insight.

wabash · PostMar 25, 2021#12822021-03-25T04:39+00:00

The recently announced purchase of Kansas City Southern by Canadian Pacific will make it so that just three cities on the continent are served by all six remaining "Class I" railroads: Chicago, St. Louis and New Orleans.

gone corporate · PostMar 25, 2021#12832021-03-25T18:23+00:00

^Was wondering about that, thanks for bringing this up. It really is a huge deal and will likely be very impactful.

newstl2020 · PostMar 27, 2021#12842021-03-27T16:14+00:00

gone corporate wrote: ↑
Mar 25, 2021
^Was wondering about that, thanks for bringing this up. It really is a huge deal and will likely be very impactful.

That stat alone relays the level of importance, but more specifically curious as to how you see this impacting StL? Increased industrial/manufacturing being located in StL? Chicago is built out and much more expensive (not to mention IL tax rates.) New Orleans is below sea level and therefore not an ideal place to invest in lots of PPE/CAPEX. Leaves StL as the de-facto only choice for industries looking for reliable/most distribution options via rail?

gone corporate · PostMar 27, 2021#12852021-03-27T20:00+00:00

Appreciate that. Posted some thoughts on this over in the Freightway thread yesterday. My thoughts are largely that this is something that can very much be capitalized upon for branding the region as one of the nation's most important hubs for warehousing and transportation logistics. And, I love that the 3 cities that will have all 6 Class I railways hubbed in their metro area - CHI, STL, and NOLA - are not only all in the central time zone but that they pretty much in a straight line up and down the Mississippi River. With the right campaigning, our economic development people can really market STL nationally as an even more vital place for doing business that involves heavy freight.

PostApr 09, 2021#12862021-04-09T18:55+00:00

More on the Canadian Pacific - Kansas City Southern merger...

Freight Waves: Nearly 260 entities lend support to proposed CP-KCS merger

From the article:

While many of the letters contained boilerplate language supporting the merger, here are some selected quotes:

Central Midland Railway Director of Marketing Jordan Buck

“The advantage that comes with access by the CP to St. Louis will not only benefit Central Midland’s current customers but will prove to be tremendously helpful for industrial development efforts throughout the region. It solidifies St. Louis’ position as one of the premier inland logistics centers in the United States. No other region has direct access to more Class 1 carriers, is more centrally located on the inland waterway system and has better connections to the interstate highway system. This unparalleled access to producers and markets throughout all of North America via multiple modes as well as single rail-line access to every major port in North America makes the region extremely attractive as a site location for multinational manufacturers and distributors. The efficiencies generated from this exceptional transportation access will drive job growth in the heart of the country and strengthen our nation’s economy.”

That quote sounds like a rallying cry promoting STL economic development.

This all comes as progress continues redeveloping the Merchants Bridge to a modern full-time 2-way trestle over the Mississippi River.

dredger · PostApr 09, 2021#12872021-04-09T21:13+00:00

thanks GC,

Another Ports Infrastructure Grant Program opportunity announced. It will be interesting to see if any entities submit and what they submit for. Most of the funds for coastal and great lakes but still some dollars to be had overall for local ports.

https://dredgewire.com/new-marad-230-mi ... t-program/

GoHarvOrGoHome · PostApr 17, 2021#12882021-04-17T16:51+00:00

Caleres is putting its Clayton HQ up for sale. Looking to move to its post pandemic workspace that will probably be a bit smaller.

They will be staying in the Metro at least. Maybe they will consider some of the cheap real estate downtown.

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kipfilet · PostApr 17, 2021#12892021-04-17T17:33+00:00

GoHarvOrGoHome wrote: ↑
Apr 17, 2021
Caleres is putting its Clayton HQ up for sale. Looking to move to its post pandemic workspace that will probably be a bit smaller.

They will be staying in the Metro at least. Maybe they will consider some of the cheap real estate downtown.

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A friend of mine works there and he told me this had been coming for some time, even pre-Covid. The original complex consisted of 3 buildings, one was turned into residential and the other one was completely empty pre-Covid.

jshank83 · PostApr 17, 2021#12902021-04-17T20:48+00:00

I could see them going to Forsyth pointe. Assuming it isn’t rented out yet.

wabash · PostApr 17, 2021#12912021-04-17T21:11+00:00

Cortex comes to mind as a leading candidate for just about anyone looking for a contemporary, tech-forward environment. While they'd have to wait for new space to be built there's already plenty on the drawing board (Cortex K and The Foundry) and we've seen how quickly it can go up with the tilt up technique used by BJC Commons (similarly Benson Hill's 160,000sq.ft. HQ went from groundbreaking to grand opening in 16 months)

PostApr 27, 2021#12922021-04-27T21:30+00:00

Enterprise Bank & Trust of Clayton ($10b in assets) is acquiring First Choice Bank of Cerritos, CA ($2.5b in assets) in a $400m all stock deal: Enterprise Financial Services Corp to Acquire First Choice Bancorp

symphonicpoet · PostApr 28, 2021#12932021-04-28T04:42+00:00

^Nice! They're getting to be a sizable player.

framer · PostApr 28, 2021#12942021-04-28T11:53+00:00

Forgive the perhaps obvious, but is Enterprise Bank related to the car rental people?

wabash · PostApr 28, 2021#12952021-04-28T14:18+00:00

framer wrote: ↑
Apr 28, 2021
Forgive the perhaps obvious, but is Enterprise Bank related to the car rental people?

You'd think, and maybe there was at come point, but there doesn't seem to be a connection in board membership or ownership these days.

gone corporate · PostApr 28, 2021#12962021-04-28T21:03+00:00

^Concur. Wholly separate entities.

dweebe · PostApr 28, 2021#12972021-04-28T21:52+00:00

Somewhat like Spectrum Communications and Spectrum Brands aren't related.

dbInSouthCity · PostApr 28, 2021#12982021-04-28T22:53+00:00

And Coke doesn’t sell coke ….or do they

symphonicpoet · PostApr 29, 2021#12992021-04-29T04:53+00:00

^Enterprise Bank does have a pretty passionate statement about helping privately held companies grow.

NB: It wasn't aliens. I have no living clue if Enterprise Bank and Enterprise Holdings are in any way related at all. I will trust Wabash and GC that they aren't now, even if they might once have been. But I have no special knowledge and haven't researched anything other than the aliens that built the two places. ('Cause it sure couldn't have been St. Louisans.) . . . Wait. It wasn't aliens. Honest. It was St. Louisans. We can do it.

gone corporate · PostApr 29, 2021#13002021-04-29T19:37+00:00

New York Times: Dealbook Newsletter: Consumer Brands Eye Public Markets; After refinancing, Panera's owners eye public market return

STL Biz Journal referencing the above article: Panera could again go public, report says

This report follows an $800MM refinancing of Panera by JAB Holding Company, its Luxembourg-based parent company that took the company private in 2017. JAB also owns Keurig, Krispy Kreme, and Dr. Pepper Snapple Group. Theoretically, this could take place as either an IPO spinoff or through a SPAC. Last year, JAB had a public offering for JDE Peets (Peet's Coffee) through traditional IPO.

Nothing's final, nor necessarily imminent. Still, this would be a hell of a return. Panera was one of the best non-tech stocks I've ever seen for consistent long-term growth.

St. Louis Corporate Mergers, Acquisitions & Relocations

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