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Bekins Storage Company
Bekins Van Lines, Inc. is an American domestic and international private and corporate household goods relocation service provider. Headquartered in Indianapolis, Indiana, Bekins also offers special commodities and logistic services. The United States Armed Forces is one of Bekins' largest customers. History In 1891, in Sioux City, Iowa, John Bekius and Martin (né Bekius) Bekins, brothers, started a furniture moving business. In 1894, Martin Bekins brought the Bekins business to Los Angeles. In 1927, he built his Eagle Rock, Los Angeles estate. Bekins was purchased by Minstar Inc., controlled by Irwin L. Jacobs, for $89.2 million in 1983. In 1987, Bekins' management team, led by president Thomas E. Epley, purchased 60% of the company for $66 million. Jacobs re-acquired Bekins through IMR Fund L.P. in January, 1993. Operation In 2009, the company had over 300 locations and a fleet of over 2,100 vehicles. The company also owns warehouse space that exceeds four million square f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |