Blackstone COO Jon Gray (Twitter) Blackstone is targeting another recession-resistant business.The private equity behemoth plans to buy the design technology company Interior Logic Group for about $1.6 billion including debt, according to Bloomberg. Blackstone acquired the company from a group that includes private equity firms Littlejohn & Co. and Platinum Equity.The company provides home builders with interior finishes, such as flooring, countertops, cabinets and window coverings. It also offers supply-chain and installation-management services to homebuilders.The company operates in 37 states. In December, Interior Logic applied to trade on the Nasdaq stock exchange.ADVERTISEMENTBlackstone plans to expand the company’s geographic footprint and enhance its technology, according to Bloomberg.Blackstone is looking to take advantage of the booming U.S. housing market as Americans flock to buy new homes in light of low mortgage rates and demand for larger dwellings.The giant firm has performed well during the pandemic thanks in part to its pivot away from retail and hospitality. In its most recent quarter, the company reported $3.6 billion in revenue in the final quarter of 2020, up from $2.1 billion during the same period the previous year.[Bloomberg] — Keith Larsen This content is for subscribers only.Subscribe Now
Following the tragic death of longtime keyboardist Isaiah “Ikey” Owens two weeks ago, Jack White has recruited Queen of the Stone Age’s Dean Fertita to fill the role. Fertita will assist the band on keyboard and piano for all of White’s forthcoming dates, beginning in Istanbul on November 7th.A statement from Third Man Records read:“Although it is impossible to replace Ikey, the incredibly talented Dean Fertita will be joining the band to play piano and keyboard for all of Jack’s currently announced tour dates.”White’s European tour runs through November 19, then resumes in Nashville in January, followed by a stint at Madison Square Garden on January 30.The two have previously collaborated on White’s other project the Dead Weather, of which Owens was also a member. Check out a Dead Weather Glastonbury performance below.
WASHINGTON (WJLA) – A MPD officer struck in a hit-and-run had to wait nearly 20 minutes before an ambulance arrived on scene.A vehicle struck the MPD officer just after 6:30 p.m. at 46th and A streets SE. When the call was dispatched, D.C. said they had no available EMS units to send.An ambulance from Prince George’s County was dispatched, arriving to the scene at 6:52 p.m. Nearly an hour passed between the time the officer was struck and his arrival time at MedStar Washington Hospital.According to police, the suspect fled the scene, leaving the vehicle behind.The officer was conscious and breathing upon transport to an area hospital.
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Founded in 1925, Farrell Lines operated a cargo service between the USA and South and East Africa. P&O Nedlloyd purchased Farrell in 2000, and was then purchased itself by the Danish shipping company in 2005 taking Farrell Line with it. Maersk Line recently reflagged Alliance Beaumont and Alliance Charleston, two ro-ro ships now in US colours to operate the new service along with Alliance St Louis and Alliance Norfolk. Höegh Autoliners and its US affiliate, Alliance Navigation on behalf of the US government and commercial customers will join with the four Farrell ships to operate a joint service.