Arlington/DC already is home to the relocated Defense operations, no need to move corporate there. I bet they'll stay in Chicago, maybe with Chicago potentially extending public sector support to them if they're truly threatening to leave. That said, are they seriously looking to relocate right now? Because I bet they're staying put for the long term.
^ Yeah I can't really see them leaving Chicago. It's in the middle of the country between Seattle and DC (and just up 55 from their primary defense operation in St. Louis), good air service, talent, etc. I understand incentives are the name of the game with corporate relocations and what not, but this is a relatively small office compared to the company as a whole. I think pre-pandemic they numbered only about 500 folks in Chicago.
I suppose if another city wanted to pull their pants down they might leave...but that seems unlikely too.
I suppose if another city wanted to pull their pants down they might leave...but that seems unlikely too.
^ & ^^ I bring up Texas because you essentially get everything the same as being in Chicago (hub airport, flights not much different) plus one big elephant in the room which C-Suite is contemplating but doesn't necessarily acknowledge in public in that their is no state income taxes if they where living in Dallas or Houston. They will get an incentive handed to them anywhere they go but people are in denial if they don't understand that executives are looking at their own tax forms and crunching the numbers. It would be essentially getting a 5% pay raise or maybe more depending on income.
I do agree with above, Boeing has all the presence it needs in DC for the defense department and the short flight from STL to either Dallas or Houston is not much different from Chicago, whether commercial or private.
I do agree with above, Boeing has all the presence it needs in DC for the defense department and the short flight from STL to either Dallas or Houston is not much different from Chicago, whether commercial or private.
8 St. Louis companies on the F500 this year. Another 6 on the F1000 for 14 total.
https://www.bizjournals.com/stlouis/new ... 5p_y7Pc_fw
https://www.bizjournals.com/stlouis/new ... 5p_y7Pc_fw
Graybar must be quietly thriving; I really had no idea they were in the Fortune 500.
^ Yeah they are. I have several friends and family members that work there. Big, big player.
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Important to note that we really have 9 F500 HQs. Bunge isn't counted because they are incorporated in, I think, Bermuda.
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^If we go by North American HQs for non-US companies, then we can add a whole lot more, such as Bayer and Nestle-Purina.
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Well sure, but Stl is not Bayer or Nestle's nerve center. StL very much is the nerve center for Bunge
I think that same technicality has kept Mallinckrodt, who is incorporated in Dublin, off the list. They're in the process of imploding, but still would have cracked the Fortune 1000 based on revenues.BellaVilla wrote: ↑Jun 03, 2021Important to note that we really have 9 F500 HQs. Bunge isn't counted because they are incorporated in, I think, Bermuda.
Drove by Maritz today and was surprised to see a full parking lot…then I saw this when I got home this evening:
https://www.stltoday.com/business/local ... g%2520News
They’re back up to 1,400 in STL it sounds like. Have hired nearly 200 since January 1 and are looking to hire “hundreds” more in St. Louis as business ramps back up.
https://www.stltoday.com/business/local ... g%2520News
They’re back up to 1,400 in STL it sounds like. Have hired nearly 200 since January 1 and are looking to hire “hundreds” more in St. Louis as business ramps back up.
I have a friend who left there when they cut salary but came back about 6 months later to basically his old job with a raise.sc4mayor wrote: ↑Jun 16, 2021Drove by Maritz today and was surprised to see a full parking lot…then I saw this when I got home this evening:
https://www.stltoday.com/business/local ... g%2520News
They’re back up to 1,400 in STL it sounds like. Have hired nearly 200 since January 1 and are looking to hire “hundreds” more in St. Louis as business ramps back up.
^ Sounds like about 94% of the new hires were former employees too. Steve desperately didn't want to lay anyone off so when they finally had to do it they apparently kept in touch with quite a few of them so they could bring them back.
I know the Maritz family personally, really great folks. Nice to see things hopefully turning a corner for them.
I know the Maritz family personally, really great folks. Nice to see things hopefully turning a corner for them.
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^Glad to hear that. I've had a fair few friends work there and they've mostly been very positive about the place. I'm always glad to see a good local company grow. 
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Perimeter Solutions, maker of fire safety products, to go public after sale to blank check company
Perimeter Solutions, a Clayton-based manufacturer of firefighting products and lubricant additives, has agreed to be acquired by EverArc Holdings Ltd. in a deal valued at about $2 billion.
EverArc, publicly traded on the London Stock Exchange (LSE: EVRA), bought Perimeter from SK Invictus Holdings, an affiliate of funds managed by SK Capital Partners.
EverArc, created in November 2019 to make an acquisition, is a so-called "blank check" company, which are often formed before their investors know the acquisition target. EverArc says its model is different than that of a special purpose acquisition company (SPAC), which also is formed to make acquisitions, as its capital isn't highly constrained and its transaction financing doesn't require a shareholder vote.
The deal is expected to close in the fourth quarter, subject to customary closing conditions.
When the deal closes, EverArc and Perimeter Solutions will become wholly owned subsidiaries of a newly formed Luxembourg company, Perimeter Solutions SA, which will file for listing on a U.S. stock exchange, officials said. The combined company is expected to begin trading in the fourth quarter.
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New name to know: Missouri Cobalt
STL Biz Journal: St. Louis mining firm Missouri Cobalt, with new production facility coming online, eyes public markets
Company has the Madison Mine in Fredericktown, 90 miles south of STL, which they bought in 2018 from Anschutz Mining Company (FYI Philip Anschutz is a Colorado-based billionaire who founded MLS and Coachella, and an enabler of Stank Kroenke). It turns out that this mine is packed with copper, nickel, and most importantly cobalt, from which lithium-ion batteries are made. Preliminary private valuation is around $5BB. They're going to go public through either a SPAC or an IPO likely by the end of this year; Goldman Sachs is their retained consultant for this.
Godspeed, and good luck. This thing could get big very fast.
STL Biz Journal: St. Louis mining firm Missouri Cobalt, with new production facility coming online, eyes public markets
Company has the Madison Mine in Fredericktown, 90 miles south of STL, which they bought in 2018 from Anschutz Mining Company (FYI Philip Anschutz is a Colorado-based billionaire who founded MLS and Coachella, and an enabler of Stank Kroenke). It turns out that this mine is packed with copper, nickel, and most importantly cobalt, from which lithium-ion batteries are made. Preliminary private valuation is around $5BB. They're going to go public through either a SPAC or an IPO likely by the end of this year; Goldman Sachs is their retained consultant for this.
One of the founders of Missouri Cobalt is Stacy Hastie, CEO of Environmental Operations. Company is currently based out of Env.Ops' offices in Kosciusco, with plans to relocate to someplace in Clayton in August.Missouri Cobalt contends the Madison Mine is likely the largest reserve in North America of cobalt, a metal used in lithium-ion batteries and batteries used by carmakers to power electric vehicles. The company said it believes it is "strategically positioned to supply clean, domestic, and ethically sourced battery metals required to meet the unprecedented demand for electric vehicles and lithium-ion batteries,” with its mine estimated to have 72 million pounds of recoverable cobalt, 105 million pounds of nickel and 103 million pounds of copper.
Godspeed, and good luck. This thing could get big very fast.
I remember years ago reading that someone was trying to open a mine in MIssouri but they needed billions in investment. They were saying that China has pushed everyone out of the rare earth metals market. They also said Missouri and some place in California made the most sense. Basically they would take over old lead mine operations from what I recall. Maybe this was it.gone corporate wrote: ↑Jun 24, 2021New name to know: Missouri Cobalt
STL Biz Journal: St. Louis mining firm Missouri Cobalt, with new production facility coming online, eyes public markets
Company has the Madison Mine in Fredericktown, 90 miles south of STL, which they bought in 2018 from Anschutz Mining Company (FYI Philip Anschutz is a Colorado-based billionaire who founded MLS and Coachella, and an enabler of Stank Kroenke). It turns out that this mine is packed with copper, nickel, and most importantly cobalt, from which lithium-ion batteries are made. Preliminary private valuation is around $5BB. They're going to go public through either a SPAC or an IPO likely by the end of this year; Goldman Sachs is their retained consultant for this.
One of the founders of Missouri Cobalt is Stacy Hastie, CEO of Environmental Operations. Company is currently based out of Env.Ops' offices in Kosciusco, with plans to relocate to someplace in Clayton in August.Missouri Cobalt contends the Madison Mine is likely the largest reserve in North America of cobalt, a metal used in lithium-ion batteries and batteries used by carmakers to power electric vehicles. The company said it believes it is "strategically positioned to supply clean, domestic, and ethically sourced battery metals required to meet the unprecedented demand for electric vehicles and lithium-ion batteries,” with its mine estimated to have 72 million pounds of recoverable cobalt, 105 million pounds of nickel and 103 million pounds of copper.
Godspeed, and good luck. This thing could get big very fast.
You sure that wasn't in Nebraska? There's a company (NioCorp) that has been trying to raise financing to develop a titanium and rare earth metal mine for about a decade now. The site is near Elk Creek in southeast Nebraska, only about 20 miles from the Missouri border.flipz wrote: ↑Jun 24, 2021I remember years ago reading that someone was trying to open a mine in MIssouri but they needed billions in investment. They were saying that China has pushed everyone out of the rare earth metals market. They also said Missouri and some place in California made the most sense. Basically they would take over old lead mine operations from what I recall. Maybe this was it.gone corporate wrote: ↑Jun 24, 2021New name to know: Missouri Cobalt
STL Biz Journal: St. Louis mining firm Missouri Cobalt, with new production facility coming online, eyes public markets
Company has the Madison Mine in Fredericktown, 90 miles south of STL, which they bought in 2018 from Anschutz Mining Company (FYI Philip Anschutz is a Colorado-based billionaire who founded MLS and Coachella, and an enabler of Stank Kroenke). It turns out that this mine is packed with copper, nickel, and most importantly cobalt, from which lithium-ion batteries are made. Preliminary private valuation is around $5BB. They're going to go public through either a SPAC or an IPO likely by the end of this year; Goldman Sachs is their retained consultant for this.
One of the founders of Missouri Cobalt is Stacy Hastie, CEO of Environmental Operations. Company is currently based out of Env.Ops' offices in Kosciusco, with plans to relocate to someplace in Clayton in August.Missouri Cobalt contends the Madison Mine is likely the largest reserve in North America of cobalt, a metal used in lithium-ion batteries and batteries used by carmakers to power electric vehicles. The company said it believes it is "strategically positioned to supply clean, domestic, and ethically sourced battery metals required to meet the unprecedented demand for electric vehicles and lithium-ion batteries,” with its mine estimated to have 72 million pounds of recoverable cobalt, 105 million pounds of nickel and 103 million pounds of copper.
Godspeed, and good luck. This thing could get big very fast.
And just to clarify, that BJ article is not about rare earth metal mining. You probably haven't heard the name of any of the rare earth elements since you studied the periodic table, unless you are a geologist or in the electronics manufacturing industry, because, well, they are really rare. At least high concentrations of them are.
It's Missouri. Between 5 and 10 years ago a guy named Jim Kennedy was trying to get the Pea Ridge mine outside Sullivan reactivated with a focus on rare earths.urbanitas wrote: ↑Jun 24, 2021You sure that wasn't in Nebraska? There's a company (NioCorp) that has been trying to raise financing to develop a titanium and rare earth metal mine for about a decade now. The site is near Elk Creek in southeast Nebraska, only about 20 miles from the Missouri border.flipz wrote: ↑Jun 24, 2021I remember years ago reading that someone was trying to open a mine in MIssouri but they needed billions in investment. They were saying that China has pushed everyone out of the rare earth metals market. They also said Missouri and some place in California made the most sense. Basically they would take over old lead mine operations from what I recall. Maybe this was it.gone corporate wrote: ↑Jun 24, 2021New name to know: Missouri Cobalt
STL Biz Journal: St. Louis mining firm Missouri Cobalt, with new production facility coming online, eyes public markets
Company has the Madison Mine in Fredericktown, 90 miles south of STL, which they bought in 2018 from Anschutz Mining Company (FYI Philip Anschutz is a Colorado-based billionaire who founded MLS and Coachella, and an enabler of Stank Kroenke). It turns out that this mine is packed with copper, nickel, and most importantly cobalt, from which lithium-ion batteries are made. Preliminary private valuation is around $5BB. They're going to go public through either a SPAC or an IPO likely by the end of this year; Goldman Sachs is their retained consultant for this.
One of the founders of Missouri Cobalt is Stacy Hastie, CEO of Environmental Operations. Company is currently based out of Env.Ops' offices in Kosciusco, with plans to relocate to someplace in Clayton in August.
Godspeed, and good luck. This thing could get big very fast.
And just to clarify, that BJ article is not about rare earth metal mining. You probably haven't heard the name of any of the rare earth elements since you studied the periodic table, unless you are a geologist or in the electronics manufacturing industry, because, well, they are really rare. At least high concentrations of them are.
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^This is great news . . . but how do we keep him in the city? Why on earth does a guy with an office in Soulard (or Koshiwhatsists if you insist) want to move to Clayton anyway?
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I saw this article listed the other day in the BJ but didn't read it; glad it's seemingly pretty good news.gone corporate wrote: ↑Jun 24, 2021New name to know: Missouri Cobalt
STL Biz Journal: St. Louis mining firm Missouri Cobalt, with new production facility coming online, eyes public markets
Not sure if it's your expertise for the type of business, but do you see a solid case for investing in the company if and when it goes public? Rare earths are a good bet usually, but Missouri is Missouri and China/Russia tend to have a monopoly on them. Wouldn't mind adding another 'local' company to my portfolio if it's a good bet.
Unfortunately the US isn't competitive in rare earth mineral production short of significant government subsidies and direct investment. Although I suppose the same can be said for most aerospace/defense firms. The brief history of Molycorp (which was publicly traded) provides a cautionary tale.Trololzilla wrote: ↑Jun 25, 2021I saw this article listed the other day in the BJ but didn't read it; glad it's seemingly pretty good news.gone corporate wrote: ↑Jun 24, 2021New name to know: Missouri Cobalt
STL Biz Journal: St. Louis mining firm Missouri Cobalt, with new production facility coming online, eyes public markets
Not sure if it's your expertise for the type of business, but do you see a solid case for investing in the company if and when it goes public? Rare earths are a good bet usually, but Missouri is Missouri and China/Russia tend to have a monopoly on them. Wouldn't mind adding another 'local' company to my portfolio if it's a good bet.
Big difference between those two neighborhoods. I'd want to move to Clayton too if my office was in Kosciuscosymphonicpoet wrote: ↑Jun 25, 2021^This is great news . . . but how do we keep him in the city? Why on earth does a guy with an office in Soulard (or Koshiwhatsists if you insist) want to move to Clayton anyway?
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Isn't he part of the group that owns 600 Washington?kipfilet wrote: ↑Jun 25, 2021Big difference between those two neighborhoods. I'd want to move to Clayton too if my office was in Kosciuscosymphonicpoet wrote: ↑Jun 25, 2021^This is great news . . . but how do we keep him in the city? Why on earth does a guy with an office in Soulard (or Koshiwhatsists if you insist) want to move to Clayton anyway?
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Trololzilla: Yes, I do this sort of analysis professionally. Right now, I'd look at this as a speculative buy noting that it's a startup with no existing financial statements to review, also recognizing that their going public would largely be to build up their own capital to then allocate into setting up their mining and manufacturing operations. That said, if it really is the biggest site for cobalt in the US, then there's plenty of opportunity here. It'll come down to how feasible and cost-effective it turns out to be to take the minerals out of the ground and have them readily available to end-user consumers.
Better answer: I know a bunch of folk interested in these sorts of mining operations, and the HF I manage has 2 mining positions in it already (doing very well in them this year). It's very much worth keeping an eye on these things...
Debaliviere: Yes, I'm pretty sure Stacy Hastie's been deeply connected to a bunch of Downtown developments, including at and around the whole MX area.
Better answer: I know a bunch of folk interested in these sorts of mining operations, and the HF I manage has 2 mining positions in it already (doing very well in them this year). It's very much worth keeping an eye on these things...
Debaliviere: Yes, I'm pretty sure Stacy Hastie's been deeply connected to a bunch of Downtown developments, including at and around the whole MX area.