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Stock impact report

KBS Announces Recapitalization [Yahoo! Finance]

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Company Research Source: Yahoo! Finance
March 25, 2024 /PRNewswire/ -- KBS , a leading privately held facility services provider in North America , announced today a recapitalization by investment funds and accounts managed by its long-time investors KKR ("KKR"), Ares Management ("Ares") and Blackrock Capital Investment Advisors, LLC or affiliates thereof ("BlackRock"), which will become majority equity holders in the Company. The new investment will support the Company's ability to invest further in go-to market capabilities and the delivery of high-quality service to its customers. Headquartered in Oceanside, California , KBS is a leading provider of technology-enabled, integrated facility management services to clients across North America . With its differentiated technology and comprehensive suite of facility services, the Company delivers high-quality and cost-effective solutions to clients in the industrial, commercial, logistics, retail, and grocery sectors. "Having the support of KKR, Ares, and BlackRock posi Show less Read more
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