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Bekins Co

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BUSINESS
April 24, 1985 | VICTORIA McCARGAR
Bekins Co., which two years ago was acquired by Minneapolis investor Irwin L. Jacobs, has a new president, the second top officer installed by Jacobs at the Glendale-based moving and storage company. Thomas E. Epley, 44, a former executive of Chicago-based FMC Corp., was named president and chief operating officer, the company announced late Monday. He joins Chairman and Chief Executive Ken Severinson, 44, a longtime associate of Jacobs and Jacobs' Minneapolis-based Minstar Inc.
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BUSINESS
August 15, 1989 | JAMES F. PELTZ, Times Staff Writer
Thomas E. Epley, chairman of Bekins Co., recently moved into a new ground-floor office at Bekins' modest, red-brick headquarters building in Glendale. But in front of his desk is a wall still undergoing renovation, its wallpaper torn away and awaiting a new finish. The wall is an apt metaphor for Bekins since Epley took the helm of the venerable moving company in 1985.
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BUSINESS
August 15, 1989 | JAMES F. PELTZ, Times Staff Writer
Thomas E. Epley, chairman of Bekins Co., recently moved into a new ground-floor office at Bekins' modest, red-brick headquarters building in Glendale. But in front of his desk is a wall still undergoing renovation, its wallpaper torn away and awaiting a new finish. The wall is an apt metaphor for Bekins since Epley took the helm of the venerable moving company in 1985.
BUSINESS
April 24, 1985 | VICTORIA McCARGAR
Bekins Co., which two years ago was acquired by Minneapolis investor Irwin L. Jacobs, has a new president, the second top officer installed by Jacobs at the Glendale-based moving and storage company. Thomas E. Epley, 44, a former executive of Chicago-based FMC Corp., was named president and chief operating officer, the company announced late Monday. He joins Chairman and Chief Executive Ken Severinson, 44, a longtime associate of Jacobs and Jacobs' Minneapolis-based Minstar Inc.
BUSINESS
August 19, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
FarWest Savings had long been a good investment for the Belzberg brothers of Canada--Samuel, Hyman and William. Acquiring FarWest in 1974 gave the Belzbergs a foothold in the United States. Then, using the Newport Beach thrift and First City Financial Corp. Ltd. in Vancouver, Canada, they became among the most feared corporate raiders and takeover strategists on the U.S. scene during the 1980s. Often acting as greenmailers, their hostile bids made them millions of dollars. But today, their U.S.
REAL ESTATE
March 30, 1986
Chuck Davis, executive vice president of CBI Properties, Northridge, has reported the completion of sales transactions exceeding $3.15 million for the Bekins Co. They included a 15,000-square-foot facility at 1572 Warner Avenue, Huntington Beach; a 20,500-square-foot building at 99 Hyde Court, Daly City, and a 20,550-square-foot warehouse at 77 Hamilton Drive in Novato.
BUSINESS
October 1, 1997 | James F. Peltz
International Logistics Ltd., a cargo mover headed by the Los Angeles investment firm William E. Simon & Sons, said it bought Britain-based freight carrier and logistics provider LEP International Worldwide for an undisclosed price. The function of a logistics firm is to move and temporarily warehouse mostly corporate cargo. Privately held Simon said the acquisition would double its annual logistics sales to $1.6 billion and give the firm 1,000 offices in 75 countries.
BUSINESS
November 5, 1996 | Times Staff and Wire Reports
International Logistics Ltd., a cargo mover headed by the Los Angeles investment firm William E. Simon & Sons, today is expected to announce the purchase of LEP North America, a freight carrier based in Marietta, Ga., people familiar with the transaction told The Times. The price could not be determined. Logistics firms move mostly corporate cargo.
BUSINESS
December 19, 1986 | NANCY RIVERA BROOKS, Times Staff Writer
Corporate raider Irwin L. Jacobs' Minstar Inc. said Thursday that it agreed in principle to sell Bekins Co. of Glendale to its management. Terms of the transaction were not disclosed. Minstar said it will retain a stake in the 95-year-old moving and storage company after the leveraged buyout but did not disclose the size of its future holdings. In a leveraged buyout, a company is purchased with borrowed funds that are repaid with cash generated through company operations or the sale of assets.
BUSINESS
November 14, 1985 | Associated Press
Minstar Inc. has agreed to sell five business units--including three operations of AMF Inc.--for about $110 million to reduce its debt, according to Minstar's chairman, Minneapolis financier Irwin L. Jacobs. Included with the sale of three units of AMF, which Minstar acquired in a $525-million hostile takeover last summer, was the $42- million sale of Minstar's Los Angeles-based Minstar Record Management unit to Bell & Howell Co. Minstar acquired Bekins Co.
BUSINESS
July 30, 1985
AMF Inc., which was recently acquired by a company controlled by financier Irwin L. Jacobs, said Monday that W. Thomas York and William P. Sovey resigned as chairman and president, respectively. AMF said Kenneth J. Severinson has been named chairman and chief executive of the company, which was acquired earlier this month by Minneapolis-based Minstar Inc. in a cash and debt deal valued at about $300 million. Severinson is also chairman of Glendale-based Bekins Co.
BUSINESS
April 17, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
Household-goods mover Bekins Co. on Tuesday agreed to be acquired by International Logistics Ltd., a company recently formed by the Los Angeles-based investment firm William E. Simon & Sons. The proposed purchase price was not disclosed. But based on other transactions, the price is probably less than the $230 million of revenue that Bekins recorded in its fiscal year ended March 31.
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