Stream Energy is atremendous energy company that distributes energy services to individuals across the state. In 2005, Stream Energy was founded, and it is now a billion dollar company that has branches in seven regions. The company has over the years tried its best in creating a better world by creating opportunities in the community. This they have done by creating an arm that is responsible for emergency assistance and charity. The arm is known as Stream Care Center and is the department that is responsible for creating sustainable strategies in the community. Stream Care Center primary strategy is to offer a helping hand to individuals that are affected by natural disasters and provide basic and secondary needs to the individuals that cannot afford it. Over the years, Stream Energy has funded the efforts of Stream Care to help people and provide financial assistance. The efforts of Stream Care have been relentless, and the patch recognized them.
On the fifth of March last year, they were featured in the magazine for their efforts and participation. Stream Care is a company that has worked with other corporations to provide help. One company that they have worked with tirelessly is the Hope Supply Company. This company works in Dallas to curb the poverty that exists. It provides basic needs to homeless people and also educational opportunities to the homeless children. Through this, the Hope Supply Company hopes to get the people off the streets and into good jobs and homes. Stream Care’s partnership with Home Supply Company has been continuing for four years now. Stream Care is deeply involved in emergency assistance during natural disasters such as hurricanes and tornados.
In the year 2016, Texas was hit by a tornado that rendered a lot of people helpless and homeless. The tornado destroyed billions of property and homes. Stream Care was part of the recovery team as well as the Salvation Army. This partnership brought a lot of refuge to the individuals that were affected by the tornado.Stream Energy also helped the people of Houston when they experienced a hurricane. The efforts of Stream Care are very evident in helping society.
When Fortress Investment Group started, the founders knew they wanted their company to be different from others. They also knew they’d have a chance to help people see how they could make the business even better. The investment industry sees a lot of changes regularly and that’s what pushes the company to go along with all the changes they have with investments. Since they spent a lot of time learning about how to help people and how they could make the right investment choices, they felt they were doing everything they could to give people positive experiences. Based on the way they helped others and the options they put into the business, they felt they were making everything easy for their clients. It was also important for the company to keep doing things that would help them change the way they handled things in the future.
For years, Fortress Investment Group found different ways to help people invest their money wisely. While Fortress Investment Group knew what they needed to do, they put a lot of focus on educating their clients about investments and what they could do to make their investments even better. It was their goal to keep helping people by showing them the right way to handle their money. It was also something that pushed them to do things that would give others the right options. After spending time helping people, Fortress learned about the right way to do things and the right way to help them out.
It took some time, but Fortress Investment Group was recently acquired by Softbank. They felt good about helping people see the difference in the way they did things and the options they had. Between working hard to show people these options and getting new employees, the company knew what they could do to make things better. It was their job to always help their clients invest the right way and they focused on hiring people who would support all the goals they had. When they hire new employees, they make sure they’re prepared to support the goals Fortress has.
It is now one year since SoftBank Group, a Japanese based company acquired Fortress Investment Group. It was in December 2017 when SoftBank Group management announced that they had completed all the procedures required to acquire Fortress Investment. They were going to pay 3.3 billion US dollars as per the agreement with Fortress Investment team of management. Visit bizjournals.com
It came as a shocker to many since Fortress Investment was the leading privately owned company by then. Since being incepted in 1998, Fortress Group had and still is committed to the provision of private equity, credit ventures, hedge fund, and real estate management services. Fortress Investment has since grown and managed an average of 1750 investment assets by private persons and institutions.
In their statement, Softbank Group stated that they were going to own all the common stocks in Fortress Investment. SoftBank stated that the acquisition is set to happen immediately after the close of business approvals. They also added that though they had acquired Fortress Investment Group, the group was going to operate independently with its headquarters in New York City. The management of Fortress Investment Group was to also remain unchanged under the leadership of Randall Nardone, Pete Birger, and Wes Eden.
SoftBank Group has gained prominence as the best global technology company. The company specializes in matters technology such as The Internet of Things, Artificial Intelligence, advanced telecommunication and more. By the close of business in 2017, SoftBank Group had committed itself an average of 93 million US dollars worth of capital.
Fortress Investment Group traded their shares at $8.08 per share with SoftBank Group. Fortress Group also delisted and stopped the operation of common stocks from the New York Securities Exchange (NYSE). All the Fortress Groups financial statements were also set to be consolidated in the SoftBank Group financial statements after the completion of the merger.
SoftBank Group management stated that they were committed to maintaining the existing leadership, withholding the existing business models and upholding management operations that have been in existence since the inception of Fortress Group.
Read more on https://www.bloomberg.com/profiles/companies/FIG:US-fortress-investment-group-llc