On December 1, 2021, Craig Ruppert, Founder and Chief Executive of Ruppert Companies, was among the 2021 Laureate class inducted into the Washington Business Hall of Fame by Junior Achievement of Greater Washington.
This year’s class of distinguished honorees was celebrated for their professional and philanthropic contributions to the quality of life in Greater Washington through the private sector economy. Craig was inducted alongside three additional 2021 Hall of Fame Laureates:
· Virginia Ali – Owner, Ben’s Chili Bowl
· Russ Ramsey – Chairman and CEO, Ramsey Asset Management
· Deborah Ratner-Salzberg – Principal, Uplands Real Estate Partners
The 2021 Hall of Fame was a hybrid experience dedicated to connecting the best in business to inspire the next in business through a full day of programming. The virtual experience included a Town Hall moderated by Leon Harris of NBC4, a series of master class presentations led by business and community leaders, and a virtual Laureate Induction Ceremony. VIP attendees gathered to personally congratulate the 2021 Laureates at a Laureate Celebration Reception at La Vie located at the District Wharf. Over $1.25 million was raised to support Junior Achievement’s work to prepare young people to be future-ready.
“I am very honored to be sharing this recognition with Virginia, Debby and Russ—who each in their own way have helped shape their respective industries—and am grateful to be following in the footsteps of past laureates who have made their own indelible mark on this region’s business community,” said Ruppert. “Most of all, I want to commend Junior Achievement and their volunteers for all they’re doing to inspire students and prepare them with the tools and experiences they need for a fulfilling and productive future.”
BrightView announces repurchase of shares from MSD Partners
BrightView Holdings, Inc. (NYSE: BV) has announced that it has entered into an agreement to repurchase 5.9 million shares of BrightView common stock from MSD Partners and affiliates at a purchase price of $13.98 per share, representing a 2 percent discount from the NYSE official closing price of BrightView common stock on December 7, 2021. The repurchase represents half of MSD Partners’ current equity investment in BrightView.
The total purchase price for the shares will be approximately $82.5 million and will be funded from cash and cash equivalents on hand, as well as borrowings under the Company’s credit facilities. The transaction is subject to customary closing conditions and is expected to be completed in January 2022. Giving effect to the repurchase, MSD Partners would own approximately 5.9 million of BrightView’s 99.3 million outstanding shares.
NALP's 2021 Industry Financial Benchmark Study is now available
The National Association of Landscape Professionals (NALP) has released its 2021 Financial Benchmark Study, which helps landscape and lawn care companies compare their financial performance to that of similar industry companies. The report, compiled by Industry Insights Inc., a professional research and consulting firm, presents a detailed analysis of the key financial data of landscape and lawn care companies.
The study is based on 2020 data compiled from 169 companies from across the country. The report shares productivity, profitability, and financial benchmarks, including net operating profit, return on assets, net worth, net sales per employee, liquidity, and more. The data is segmented by high-profit firms, number of employees, revenue, revenue categories, and U.S. region so that users can use the most relevant comparisons to measure their company's performance.
"We know how important it is to see how your company stacks up against similar firms so that you can look for ways to improve your profitability and streamline operations," said NALP CEO Britt Wood. "The 2021 Financial Benchmark Study will help inform landscape and lawn care companies’ business strategy for the coming year."