While most companies today rely on their websites to drum up business, FC USA has just opened a 10,000 square foot storefront on Madison Avenue in Midtown Manhattan. FC USA is part of a global Australian travel company that owns Liberty Travel.
This new Midtown travel center of FC USA will occupy a space at 269 Madison Avenue between 39th and 40th streets. The space used to be occupied by the National Bank of Commerce of New York and was, most recently, used by Dallek Office Furniture.
Now, this new storefront will house Liberty Travel and other Flight Centre brands. This new center will have 40 employees and the plan is to increase this number to 63 within the next six months. The agency has a total of 159 storefront locations across 14 states and 23 Liberty Travel storefronts in the five boroughs.
In the wake of the hurricane that hit the New York and New Jersey area, many company owners showed their appreciation for the extra work that their team undertook during this difficult time. One such company owner was Daniel Straus CareOne, who took the time to write a letter to his 4000 employees in 29 healthcare centers throughout New Jersey.
Private Equity Firm KKR Buys Alliant Insurance Services Inc.
In recent New York business news, the private equity firm Kohlberg Kravis Roberts & Co. (KKR) has agreed to buy Alliant Insurance Services Inc. from Blackstone Group L.P. (BX). The transaction terms were not disclosed, but Alliant employees own approximately 45% of the company and they will roll over “a substantial portion” of that investment to the new company.
This is not the first time that Alliant has partnered with private equity investors. In August 2007, Blackstone bought Alliant for $1.2 billion and took over the stake from Lindsay Goldberg & Co. LLC, which is based in New York.
Welcome to the Midtowner. This is a blog all about Midtown Manhattan and of course a little North and a little South. I hope you enjoy!
Private Equity Firm KKR Buys Alliant Insurance Ser...
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