Moving and Storage Business News

The News Review:

- FAA May Cap Flights in NY Area
- Synergy Capital LLC
- Bloomberg.com: North American
- Bidders list why the deal fell through.

FAA May Cap Flights in NY Area
Washington Post – Sep 24, 2007
Jones, who once claimed to manage more than $40 million in assets for clients including athletes, repeatedly failed to produce documents. He later said they were either destroyed by fire or sold by a storage company. MERGERS & ACQUISITIONSSale of First Data CompletedPayment-processing company. LEGALFacebook Safety Measures ProbedThe Web site.

Synergy Capital LLC
Crain's Detroit Business (subscription) – Sep 24, 2007
5 million Denver business specializing in insurance restoration recovery and restoration from disasters and other insured perils grew to $11 million in revenue and then to $35 million in three years. In 1999, the German owner of European insurance-restoration market leader Belfor International Gmbh bought 80 percent of the company. Davis remained to co-found and be CEO of the renamed Denver business, Belfor USA Group Inc. , increasing its revenue to $110 million before moving Belfors headquarters to Michigan in 2001. Prompting the 2001 move was another acquisition: the purchase of leading insurance-restoration firm Inrecon, a company twice Belfors size by revenue. Ironically, Inrecon parent Masco Corp. had tried in 1997 and 1999 to buy Rocky Mountain Catastrophe, Davis said.

Bloomberg.com: North American
Bloomberg – Sep 24, 2007
regulators ofpreventing inspectors from examining records at his investment-advisory firm, Amaroq Asset Management LLC. Jones, who once claimed to manage more than $40 million inassets for athletes and other clients, repeatedly withhelddocuments, the Securities and Exchange Commission said in astatement today. He later said they were either destroyed byfire, in a moving truck or sold by a storage company, theWashington-based SEC said. “There is certainly something suspicious when you getalternate stories,'' said.

Bidders list why the deal fell through.
Free with registration – Vindicator – AccessMyLibrary.com – Sep 24, 2007
–> COPYRIGHT 2007 Vindicator Byline: Jeanne Starmack Sep. 24–AUSTINTOWN — Developers who backed out of buying the old Austintown Middle School contend the school district violated state requirements for reports on underground fuel storage tanks at the bus garage there. Ben Post and Martin Solomon, under the company name This Land is My Land Ltd. , say that had they known that, they would have offered less money for the property. They said they found out about what they call a “pattern of nondisclosures” through public records requests. They told the district in a Sept. 7 letter that they are backing out of the deal they made in 2005 to buy the Mahoning Avenue property for $2…
They had at first tried to negotiate a lower purchase price. The old middle school closed after this year, with pupils moving to the new one on Raccoon Road.