$120M Equis purchase completed.United Group Limited has completed the acquisition of Equis Corporation for $120 millionplus a potential performance payment. "We are pleased to welcome Equis staff and customers to United Group. Equis' very capable senior management team will continue to manage the business with David Montross becoming the chief executive with immediate effect," said United Group's managing director and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Richard Leupen. He added that Montross will assume full responsibility for all aspects of the Equis business and the founder and vendor of Equis, Michael Silver, will provide a strategic advisory role to United Group and Equis. "We see this acquisition as an important part of our long term strategy to lead specialist market sectors and provide a long term growth platform for our business," said Mr Leupen. Montross has more than 22 years experience in commercial real estate and has served as Equis' chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for four years. The leader of Equis' Government Services Group, he created the strategy and resources that led to Equis' engagement as a real estate advisor to the states of California, Pennsylvania California is a borough in Washington County, Pennsylvania, along the Monongahela River. The population was 5,274 at the 2000 census. It includes the campus of California University of Pennsylvania. , Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. , Texas and Wisconsin, as well as other governmental agencies. Prior to joining Equis, he served as a managing director of Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. . |
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