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Great Lakes Dredge And Dock Company
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas. History The company was founded in 1890 as the partnership of William A. Lydon & Fred C. Drews and was named Lydon & Drews dredging company. Early projects included the shoreline structures for the Chicago's Columbian Exposition. The company soon had satellite operations throughout the Great Lakes. It was renamed the Great Lakes Dredge and Dock Company (GLD&D) in 1905. Between 1900 and 1950, GLD&D undertook major projects such as the Sabin Lock, straightening of the Chicago River west of the Chicago Loop, the Michigan Avenue Bridge, foundation landfill and reclamation of the area ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Chicago River
The Chicago River is a system of rivers and canals with a combined length of that runs through the city of Chicago, including its center (the Chicago Loop). The river is one of the reasons for Chicago's geographic importance: the related Chicago Portage is a link between the Great Lakes and the Mississippi Valley, Mississippi River Basin, and ultimately the Gulf of Mexico. In 1887, the Illinois General Assembly decided to reverse the flow of the Chicago River through civil engineering by taking water from Lake Michigan and discharging it into the Mississippi River watershed, partly in response to concerns created by an extreme weather event in 1885 that threatened the city's water supply. In 1889, the state created the Chicago Sanitary District (now the Metropolitan Water Reclamation District of Greater Chicago, Metropolitan Water Reclamation District) to replace the Illinois and Michigan Canal with the Chicago Sanitary and Ship Canal, a much larger waterway, because the forme ...
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Special-purpose Acquisition Company
A special-purpose acquisition company (SPAC; ), also known as a blank check company or a blind-pool stock offering, is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus taking the private company public through a procedure which requires less regulatory filings and has less safeguards for investors than the initial public offering (IPO) process. According to the U.S. Securities and Exchange Commission (SEC), SPACs are created specifically to pool funds to finance a future merger or acquisition opportunity within a set timeframe; these opportunities usually have yet to be identified while raising funds. In the U.S., SPACs are registered with the SEC and considered publicly traded companies. The general public may buy their shares on stock exchanges before any merger or acquisition takes place. For this reason they have at times been referred to as the "poor man's private equity funds." The majority of companies ...
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Madison Dearborn Partners
Madison Dearborn Partners (MDP) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth capital investments in mature companies. MDP operates using an industry-focused investment approach and focuses on the following sectors: basic industries, business and government software and services, financial & transaction services, health care, and TMT services. Since the founders established MDP as an independent firm in 1992, the firm has raised seven funds with aggregate capital of approximately $23 billion, and has completed investments in more than 130 companies. History Madison Dearborn Partners was founded in 1992 and is based in Chicago, Illinois. The founders, John A Canning Jr, Paul J. Finnegan, Samuel M. Mencoff, and Nicholas W. Alexos, had previously ...
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Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and The Travelers Companies, Travelers; Travelers was spun off from the company in 2002. Citigroup is the List of largest banks in the United States, third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board, and is commonly cited as being "too big to fail". It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500, ''Fortune'' 500, and was ranked #24 in Fo ...
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The Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson, Peter Peterson and Stephen A. Schwarzman, Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than $1 trillion in total assets under management, making it the world's largest alternative investment firm. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with (equivalent to $million in ) in Seed money, seed capital. The founders derived their firm's ...
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Gulf Of Mexico
The Gulf of Mexico () is an oceanic basin and a marginal sea of the Atlantic Ocean, mostly surrounded by the North American continent. It is bounded on the northeast, north, and northwest by the Gulf Coast of the United States; on the southwest and south by the Mexican states of Tamaulipas, Veracruz, Tabasco, Campeche, Yucatán, and Quintana Roo; and on the southeast by Cuba. The coastal areas along the Southern U.S. states of Texas, Louisiana, Mississippi, Alabama, and Florida, which border the Gulf on the north, are occasionally referred to as the "Third Coast" of the United States (in addition to its Atlantic and Pacific coasts), but more often as "the Gulf Coast". The Gulf of Mexico took shape about 300 million years ago (mya) as a result of plate tectonics. The Gulf of Mexico basin is roughly oval and is about wide. Its floor consists of sedimentary rocks and recent sediments. It is connected to part of the Atlantic Ocean through the Straits of Florida between the ...
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Second World War
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ...
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Naval Station Great Lakes
Naval Station Great Lakes (NAVSTA Great Lakes) is the home of the United States Navy's only current recruit training, boot camp, located near North Chicago, Illinois, North Chicago, in Lake County, Illinois, along Lake Michigan. Important tenant commands include the Recruit Training Command, Training Support Center and Navy Recruiting District Chicago. Naval Station Great Lakes is the largest military installation in Illinois and the largest training station in the Navy. The base has 1,153 buildings situated on and has of roadway to provide access to the base's facilities. Within the naval service, it has several different nicknames, including "The Quarterdeck of the Navy". It is also referred to as "second boot camp" for those attending Training Support Command. The original 39 buildings built between 1905 and 1911 were designed by Jarvis Hunt. The base functions similarly to a small city, with its own fire department, Naval Security Forces (Police), and public works departm ...
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Chicago
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of United States cities by population, third-most populous city in the United States after New York City and Los Angeles. As the county seat, seat of Cook County, Illinois, Cook County, the List of the most populous counties in the United States, second-most populous county in the U.S., Chicago is the center of the Chicago metropolitan area, often colloquially called "Chicagoland" and home to 9.6 million residents. Located on the shore of Lake Michigan, Chicago was incorporated as a city in 1837 near a Chicago Portage, portage between the Great Lakes and the Mississippi River, Mississippi River watershed. It grew rapidly in the mid-19th century. In 1871, the Great Chicago Fire destroyed several square miles and left more than 100,000 homeless, but ...
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Field Museum Of Natural History
The Field Museum of Natural History (FMNH), also known as The Field Museum, is a natural history museum in Chicago, Illinois, and is one of the largest such museums in the world. The museum is popular for the size and quality of its educational and scientific programs, and its extensive scientific sample (material), specimen and Cultural artifact, artifact collections. The permanent exhibitions, which attract up to 2 million visitors annually, include fossils, current cultures from around the world, and interactive programming demonstrating today's urgent conservation (ethic), conservation needs. The museum is named in honor of its first major Benefactor (law), benefactor, Marshall Field, the Department store, department-store magnate. The museum and its collections originated from the 1893 World's Columbian Exposition and the artifacts displayed at the fair. The museum maintains a temporary exhibition program of traveling shows as well as in-house produced topical exhibitions. ...
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Meigs Field
Merrill C. Meigs Field Airport (pronounced , formerly ) was a single-runway airport in Chicago, named for newspaper publisher and aviation enthusiast Merrill C. Meigs. It was located on Northerly Island, an artificial peninsula in Lake Michigan, and was operational from 1948 to 2003. Constructed to accommodate demand for general aviation following World War II, Meigs Field also served regional Commercial aviation, commercial air travel. With its proximity to Chicago Loop, downtown Chicago, it quickly became the busiest single-strip airport in the United States, adding an air traffic tower in 1952, and a terminal in 1961. It became widely familiar when it was featured as the default airport in early versions of the ''Microsoft Flight Simulator'' software. Seeking to repurpose the land as a park, mayor Richard M. Daley forced its abrupt closure in 2003 by ordering the overnight destruction of its runway. History Construction Northerly Island, owned by the Chicago Park Distr ...
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