In January 2020, AECOM sold its Management Services business to affiliates of American Securities and Lindsay Goldberg. The announced price was $2.405 billion, subject to customary adjustments for cash, debt and working capital. The business became Amentum, an independent government…
When Dennis Hite left Pasco Specialty & Manufacturing in 1995, the family-owned plumbing supply company in Lynwood, California, had to buy back his shares. Its buy-sell agreement allowed payments to run for as long as 15 years. Hite’s siblings paid…
When Dennis Hite left Pasco Specialty & Manufacturing in 1995, his siblings had to buy his stake in the family plumbing supply company. Their agreement gave them as long as 15 years to pay. They finished in five. The plan…
In 2018, Grove founder Chris Hutchins wrote about work that had no clear home in his growing company. Recruiting and onboarding needed attention. So did projects that crossed departments. Those tasks kept finding their way onto his own to-do list.…
In 1864, Sojourner Truth sold photographs of herself to help fund her work. The Library of Congress records a copyright registration for an engraving of her portrait, beneath the words “I sell the shadow to support the substance.” The photograph…
