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June 2009

 


PNC Announces Secured Financing Package for K2 Industrial Services

PNC announces a $30 million senior secured financing package to K2 Industrial Services, Inc., a portfolio company of Capital Resource Partners, a leading private investment firm headquartered in Boston.

K2 Industrial Services, based in Hammond, Ind., operates as one of the largest U.S. specialty contractors, providing industrial cleaning, coating and other maintenance services across a multitude of industries. The credit facility, which consisted of a $20 million revolving loan and a $10 million term loan, also provides for ongoing working capital needs.

To learn how PNC can deliver ideas, advice and solutions to help you achieve your goals, contact us today.

Christopher Briscoe

(800) 762-3369

Christopher.Briscoe@Pnc.Com

 

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United Country Real Estate Named No. 1 Real Estate Franchise and No. 19 Overall Franchise by Dun & Bradstreet's AllBusiness.com

June 3, 2009 (Kansas City, Mo.) - In their annual AllStar Franchise List, Dun and Bradstreet's AllBusiness.com, a leading online resource for businesses, named United Country Real Estate the top-ranked real estate franchise system and in the Top 20 among more than 2,500 global and national franchise companies.

United Country is the only real estate franchise to appear in the list's top 100, and it secured the nineteenth overall ranking of all franchise systems regardless of market segment served, outperforming companies such as RE/MAX, Domino's Pizza, Hilton and many other international franchise brands. In addition to the overall ranking, the company also secured the No. 4 position on the Top 10 Low Cost franchise list, as well as strong placement in each of the list's sub-categories.

The AllStar List is the only one of its kind to incorporate financial strength criteria using credit and financial information from its parent company Dun & Bradstreet, the world's leading source for commercial information and insight on businesses. In addition, the AllBusiness editors took into consideration a number of other key business indicators when compiling the ranking including Web visibility, growth trajectory, business strategy, longevity and system size.

The AllBusiness AllStar List states the following about United Country -

Why This Company Makes Our AllStar List

As the fallout from the nation's housing crash continues, it's no wonder United Country Auction Services, a division of United Country Real Estate, has experienced exceptional success in a rough economy. While selling a house through traditional means can take nine months or more, auctions can sell properties in as little as 45 to 60 days.

. . . [R]esidential real estate auctions have grown 46.6 percent nationally during the past five years. In addition, at the end of last year, United Country Auctions aligned with Colliers International to provide accelerated transaction [real estate marketing] services to commercial real estate clients. With the number of commercial real estate properties needing to be sold likely increasing in the coming year, this new alliance means increased growth.

With over 80 years in business, United Country Real Estate has cornered the smaller real estate markets. The company's well-known name in the real estate industry and its expanding market reach with commercial properties have earned United Country Real Estate a high spot in this year's AllBusiness AllStar list.

"We are honored to be named in the AllBusiness AllStars Top 20 among strong franchise companies such as Subway, Dunkin' Donuts and McDonald's," said Dan Duffy, chief executive officer of United Country Real Estate. "The fact that United Country Real Estate is the only real estate franchise in the list's top 100 illustrates our over 80-year commitment to remaining proactive and forward-moving with real estate marketing, training and technology innovation. Our company was built on thinking and doing things differently and we strive to continue in that tradition to propel our franchisees ahead of the competition and provide customer service that is second to none."

About United Country

United Country Real Estate is the largest fully integrated franchise network of conventional real estate and auction professionals in the United States. Based in Kansas City, Mo., the company has been an innovator in real estate marketing since 1925. United Country supports nearly 675 offices across the U.S. and in Costa Rica with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing web sites (more than 1,000 separate sites), seven proprietary real estate catalogs with a cumulative distribution of 1.5 million, an extensive, current buyer database and national advertising of properties to more than 90 million potential buyer prospects a week. United Country has been recognized as a Top 25 Franchise by the Wall Street Journal and among Entrepreneur Magazine's Franchise 500.

 

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