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|Archives - July 2008|
|Tuesday, July 01, 2008|
Oregon’s top private companies diversify to stay ahead of the downturn.
By Ben Jacklet
Frank Foti sprints up a flight of rusty stairs to a gritty rooftop with a panoramic view of Portland’s shipyard. Down below, workers in hardhats are pedaling bicycles from one job site to the next, through a maze of huge cement blocks, oil drums, spools of wire, pipes and beams. The air resonates with a purposeful hum of ventilation systems, forklifts, trucks and cranes. A half-dozen boats are docked for repairs, including a dredge ship, a tugboat, a tour boat and several military vessels. A huge new barge, the 360-foot, 6,000-ton Maka’ala, is nearly ready for launching.
Fortis also has invested heavily in sustainability, with a large percentage of LEED-certified green building specialists and a goal to gain eventual accreditation for all managers and superintendents. These green credentials have helped Fortis benefit from the latest wave of commercial and public works projects in Oregon.
But it is unclear how long the money will keep flowing. As a hedge against an eventual slowdown, Fortis is aggressively pursuing technology data centers, which store servers for companies expanding their Internet capabilities. David Aaroe, executive vice president, explains that these buildings appear simple from the outside but are incredibly complex inside.
One of Columbia’s main competitors for future firefighting contracts will be Evergreen Aviation (No. 9), another perennial front-runner on the Private 150 list. After investing more than $50 million in research and 20,000 engineer hours, Evergreen has begun marketing its massive new firefighting “supertanker,” a Boeing 747 retrofitted with water nozzles to blast huge volumes of liquid onto forest fires. This new approach to firefighting represents the latest innovation for the one-of-a-kind McMinnville-based company that specializes in everything from unmanned aerial drones to hazelnut shells.
Even the king of the Private 150 has had to diversify to stay on top. Closely held Jeld-Wen, headquartered in Klamath Falls, rose to the top of the list in 1996 after years of double-digit growth and has stayed No. 1 ever since, building name recognition through a sponsorship spending spree targeting Australian Rules football, NASCAR, an OHSU leukemia research program and, of course, golf. Millions of television viewers see ads touting Jeld-Wen’s doors and windows while watching the Jeld-Wen Tradition and the Player’s Championship. Jeld-Wen also has deepened its expansion into the leisure business, opening a huge new water park at its destination resort in Idaho and an upscale resort called Suncadia in Washington where homes are selling for up to $3.25 million.
Gresham-based Allegro Media Group (No. 101), which matched Fortis Construction’s 108% sales growth, is another case study in strategic adaptation. The Gresham-based entertainment distribution company has quadrupled its business over the past five years to $100 million in sales and 100 employees by delving into every genre of music imaginable, from classical to New Age to indie rock, distributing digital music and videos through major Internet sites as well as CDs and books on tape through Wal-Mart, truck stops, Nordstrom and other retailers.
Between its new 131,000-square-foot facility in Rockwood, its recent acquisition of a company that specializes in marketing music and videos to the Armed Forces and a new infusion of $37 million in equity, Allegro is well positioned to avoid the misfortunes plaguing less nimble players within the music and entertainment industry.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Monday, June 16, 2014
The Oregon economy could get a boost from a new trade agreement being negotiated between the U.S. and the European Union.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
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|Adidas reveals profit warning|
|Target appoints new CEO|
|U.S. economy grew by 4% in Q2|
|Twitter Q2 revenue surges|
|Pfizer results beat estimates|
|Study: Running reduces risk of death|
|Zillow to acquire Trulia for $3.5B|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.