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BUSINESS NEWS STV SIGNS DEFINITIVE AGREEMENT WITH THE PRITZKER ORGANIZATION TO RECAPITALIZE STV AND POSITION THE COMPANY FOR FUTURE GROWTH STV Group, Inc. , and The Pritzker Organization, L.L.C. announced that the Tom Pritzker Family Business Interests advised by TPO have agreed to recapitalize the ownership of STV. STV is a leading engineering, architectural, program and construction management, planning, and environmental professional services firm, with corporate headquarters in New York, New York, and Douglassville, Pennsylvania. Under the terms of the agreement, TPO will purchase shares in STV owned by the company’s ESOP and partner with current management to leverage STV’s existing strength to drive future growth. “This transaction marks an exciting step in STV’s evolution and supports our vision of investing to drive growth for the future,” said Dominick Servedio, P.E., executive chairman of STV. “In TPO, we have found not only an investor but a true partner that shares our values, respects our culture, and is committed to supporting STV’s future growth for the benefit of our company, our clients, and our employees.” “Partnering with TPO will enable us to bring together the resources of STV and TPO for the benefit of our customers and our employees,” said Milo Riverso, president and CEO of STV. “Following the transaction, STV will continue to provide quality services to our diverse client base. The recapitalization will not affect the structure of the company’s current management team nor the way it operates.” Tom Pritzker, chairman and CEO of TPO said,
“We are very excited to partner with the STV team. For more than 100 years, STV has built a tremendous team and track-record of successfully executing on complex projects with the highest-quality customers. From its leadership, to its people, to its projects, STV is exactly the type of company we seek to support and we look forward to partnering with the STV team for many years to come.” The recapitalization transaction has been unanimously approved by STV’s board of directors and ESOP Trustee, Greatbanc Trust Company. Houlihan Lokey Capital, Inc. is acting as financial advisor to STV. Founded more than 100 years ago, STV is a leader in providing architectural, engineering, planning, environmental, and construction management services for transportation systems, infrastructure, buildings, energy, and other facilities. The firm has offices throughout the U.S. and in Canada. MARKET STREET MEMORY CARE RESIDENCE PALM COAST WELCOMES RESIDENTS TO THEIR NEWLY OPENED ‘BLOSSOM HOUSE’ Market Street Memory Care Residence Palm Coast celebrated their grand opening one year ago, welcoming founding residents and family members to the newly constructed senior living community. Market Street Memory Care Residence is a state-of-the-art memory care community offering two similar and adjacent accommodations: Magnolia House and Blossom House. These two ‘neighborhoods’ are joined by Watercrest’s uniquely designed Market Plaza, an active, ‘outdoor’ streetscape with salon and spa, bakery, post office, news
stand, and numerous LifeBUILT programming touches that are a highlight and crucial element of their multi-sensory memory care programming. As the Magnolia House reached occupancy this year, the team at Market Street Palm Coast celebrated the newly opened Blossom House and the opportunity to serve even more seniors living with Alzheimer’s and dementia- related illnesses in their growing community. “From the day we opened our doors here at Market Street Palm Coast, the surrounding community has overwhelmed us with support and outstanding partnerships,” says Christine McGrath, community relations director at Market Street Palm Coast. “We are blessed to serve the seniors and families of Palm Coast and thrilled to open our Blossom House neighborhood to welcome even more residents to our Market Street family.” Architected by LifeBUILT Architecture , Palm Coast features an inviting and purposeful design, including spacious accommodations, abundant natural lighting, internal courtyards with lush gardens, circular walkways, and visual cueing. The 64-unit memory care community offers world class care, multi- sensory programming, diverse culinary experiences, and unparalleled associate training honoring seniors with Alzheimer’s and dementia. “We are here to save lives, change family dynamics, and lead a culture of love, empathy, and passion,” says Amy Jacob, executive director of Palm Coast. “With our continued growth and passionate team of associates, we have the ability to truly make a difference for the seniors we serve.”
importance of these brand elements, fully understand the value they added, and implement a strategy that supported the brand identity. In this ever-changing, fast-paced environment, it is so easy to lose focus as you try to keep up with the demands of the day-to-day. However, if you take a moment to step back and truly understand the value of the work you do by using your firm’s brand elements correctly you’ll see the impact it has on your firms brand image. Remind yourself and others to look at the big picture. PAM WOOD is the graphic design manager at Geosyntec Consultants. She can be reached at pwood@geosyntec.com. “If you take a moment to step back and truly understand the value of the work you do by using your firm’s brand elements correctly you’ll see the impact it has on your firms brand image. Remind yourself and others to look at the big picture.”
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potential. Sometimes people are unaware they’ve used something incorrectly. As designers we’re here to explain why we don’t use the elements in the way they were presented, and to help come up with a creative solution that uses the elements properly to fit the scope of the project. ❚ ❚ Schedule periodic meetings with your design team to discuss your brand elements. Talk about what’s working and what isn’t working. Discuss ways in which you can continue to maintain focus surrounding the brand. This is also a good opportunity to brainstorm any changes that should be considered, and how to properly implement the changes. Very early on in my career, I was fortunate enough to be part of a team that did an analysis for a company’s brand elements. When discussions started, we knew we didn’t have a clear path or a solid focus on the elements because so many of the materials had their own “face.” The overall consensus was that all these pieces of collateral, when laid side-by-side, looked like they came from multiple companies, not one company. How confusing – and what an eye-opener! Upon wrapping up the analysis we knew what we had to do. We had to shift our focus to the
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THE ZWEIG LETTER January 6, 2020, ISSUE 1326
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