Interlink Supply and Bridgepoint Systems parent company to sell.

[Mikey P]

            Salt Lake City, UT 15 July 2014 Confluence Group LLC, owner of the Bridgewater family of companies, is pleased to announce it has entered into a definitive agreement to sell its business to a newly formed entity which also owns Aramsco, Inc.* The newly formed entity will be owned ...
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[Lee Stockwell]

The ownership has offices in HK and China, among others.

Interesting times.

 

[Scott S.]

So they going to raise prices to start squeezing the little guys dry?

 

[Mikey P]

the money crunchers know that "The Little Guys" are 90% of the industry, so I doubt they want to run them/us off.

 

[Desk Jockey]

Aramsco has always offered very competitive rates. We used to purchase a lot of our mold remediation supplies in the early days when it was hard to source some of those items.

 

[John Olson]

Change is inevitable misery is optional. I had a great conversation with Gordon Hanks. Their legacy and this industry and the people in it are their top priority (besides the obvious financial considerations) I believe every word he told me especially since he is the one that called me personally. Anyone that's been around for more then a minute knows our history and today I am glad we all a have learned a thing or two and today we are great partners and colleagues in this industry. I believe this will be a great thing for the Hanks and their families and for all those that work for them. How it will effect our industry time will tell but for the foreseeable future I don't see anything changing except maybe some new offerings for their network of distributors and all of you.

 

[DangerkittyToTheRescue]

I see this as a good situation, Aramsco has always been a good company supplying us with the occasional water restoration supplies. It should work out in my opinion for the good.

 

[dealtimeman]

So did they wholly sale the biz?

Are the hanks still going to be involved in the biz?

Does scott still have a job?

 

[packfancjh]

everything will stay the same there is just new ownership. The Hanks' will all be involved as well as Scott and everyone else in the organization. There will be a big added benefit to this transaction in that the Interlink dealers will have access to everything that Aramsco sells.

 

[DangerkittyToTheRescue]

Yes, the Hank brothers are signed on for two more years, no lay offs, no pay cuts either, best part is that they'll be no major changes to the distributors. Looks to me like the exact same thing as when RPM bought Legend Brands, all good.

Yeah, i'll have to call Vikki (she's wonderful) at CRW/Hydro-Force and see if we'll have any access to Aramsco from the HF distributor side.

 

[Mikey P]

looks to be more of a concern to the competition than to the cleaners

 

[jcooper]

Looks to me like the exact same thing as when RPM bought Legend Brands, all good.

That rpm stock has (more than)doubled sense the time they picked up legend/sapphire/etc.....

https://www.google.com/search?q=rpm...57.5104j0j8&sourceid=chrome&es_sm=93&ie=UTF-8

 

[dealtimeman]

Sure has look to be doing very well.

 

[Hoody]

That rpm stock has (more than)doubled sense the time they picked up legend/sapphire/etc.....

https://www.google.com/search?q=rpm...57.5104j0j8&sourceid=chrome&es_sm=93&ie=UTF-8

I know... it's one of the better stocks in my portfolio

But of course I had RPM stock(10 years now) way before they ever bought Legends Brand.

 

[jcooper]

Were happy for ya... Real flopping happy for ya........ lol!

 

[J Scott W]

Yes, I still have a job and expect to keep it for several more years. But it never hurts to have a back-up plan. Any offers?

 

[hogjowl]

My son needs a helper.

 

[doylebloss]

Scott-

You can come visit me to say hello. It will start all kinds of fun rumors.

Regards,
Doyle

PS- Then you can go see Luke at Interlink - Seattle.

 

[billyeadon]

Should I bring a nice red Jon-Don shirt to the Experience.

Scott-

You can come visit me to say hello. It will start all kinds of fun rumors.

Regards,
Doyle

PS- Then you can go see Luke at Interlink - Seattle.

 

[dealtimeman]

if that is what you feel you need to do bill, then yes by all means!

 

[Steve Toburen]

Yes, I still have a job and expect to keep it for several more years. But it never hurts to have a back-up plan. Any offers?

Hey Scott,

Let's you and I have a couple of beers in the Mirage's lobby bar just as all the attendees are checking in. We can be carefully examining a 3 ring binder with the title "Jon-Don Employee Manual" on it. I'm sure Papa Nick will be happy to spring for our bar tab. (Papa Nick is almost as big of a trouble-maker as Mikey is!)

Steve

PS Seriously, you are wise to look at your options. Just check the history of mergers and buy-outs, etc. The two companies always SAY "no changes" ya-da, ya-da, ya-da...

 

[John Olson]

Its just a short drive over the hill...and you already know the way