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Weber-Stephen Products Co.
Weber Inc. is an American manufacturer of charcoal, gas, and electric outdoor grills with related accessories. It also owns restaurants and publishes cookbooks. The company was family owned until it sold a majority stake to BDT Capital Partners in 2010. In 2021, it became a publicly traded company until it was taken private by BDT Capital Partners which purchased all remaining out-standing stock in 2023. History Weber-Stephen was originally incorporated on May 8, 1893, as Weber Bros. Metal Works. In 1951, the original round charcoal kettle grill was built by George Stephen Sr., a then part-owner of the sheet metal shop in Chicago who sought to improve on the brazier he had been using to cook with at home. The grill was produced using two sheet metal half-spheres normally used as parts of buoys built in his shop. Shortly thereafter he began selling the invention, which he called 'George's Barbecue Kettle', for which there was considerable demand. One of the earlier nickname ...
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Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Schaumburg, Illinois
Schaumburg ( ) is a village in Cook County, Illinois, Cook and DuPage County, Illinois, DuPage counties in the U.S. state of Illinois. Per the 2020 United States census, 2020 census, the population was 78,723, making Schaumburg the most populous incorporated village in the United States. Schaumburg is around northwest of downtown Chicago, and northwest of O'Hare International Airport. It is part of the Golden Corridor. Schaumburg's transition from a rural community to a suburban city began with Alfred Campanelli's first large-scale suburban-style development in 1959 and Woodfield Mall's opening in 1971. Schaumburg is bordered by Hoffman Estates, Illinois, Hoffman Estates and Palatine, Illinois, Palatine to the north, Inverness, Illinois, Inverness in northwest, Rolling Meadows, Illinois, Rolling Meadows to the northeast, Elk Grove Village, Illinois, Elk Grove Village to the southeast, Roselle, Illinois, Roselle to the south, Hanover Park, Illinois, Hanover Park to the southwes ...
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Form S-1
Form S-1 is an SEC filing used by companies planning on going public to register their securities with the U.S. Securities and Exchange Commission (SEC) as the "registration statement by the Securities Act of 1933". The S-1 contains the basic business and financial information on an issuer with respect to a specific securities offering. Investors may use the prospectus to consider the merits of an offering and make educated investment decisions. A prospectus is one of the main documents used by an investor to research a company prior to an initial public offering ( IPO). Other less detailed registration forms, such as Form S-3, may be used for certain registrations. Every business day, S-1 forms are filed with the SEC's EDGAR filing system, the required filing format of the U.S. Securities and Exchange Commission. However many of these are of the related Form S-1/A, which is used for filing amendments to a previously filed Form S-1. The S-1 form has an OMB approval number ...
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Strategic Business Unit
A strategic business unit (SBU) in business strategic management, is a profit center which focuses on product offering and market segment. SBUs typically have a discrete marketing plan, analysis of competition, and marketing campaign, even though they may be part of a larger business entity. An SBU may be a business unit within a larger corporation, or it may be a business into itself or a branch. Corporations may be composed of multiple SBUs, each of which is responsible for its own profitability. Companies today often use the word '' segmentation'' or '' division'' when referring to SBUs or an aggregation of SBUs that share such commonalities. General Electric (GE) is an example of a company with this sort of business organization. SBUs are able to affect most factors which influence their performance. Managed as separate businesses, they are responsible to a parent corporation. GE has 49 SBUs. Business writer Michael Porter has developed a value chain model which focusses on ...
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Home Automation
Home automation or domotics is building automation for a home. A home automation system will monitor and/or control home attributes such as lighting, climate, entertainment systems, and appliances. It may also include home security such as access control and alarm systems. The phrase smart home refers to home automation devices that have internet access. Home automation, a broader category, includes ''any'' device that can be monitored or controlled via wireless radio signals, not just those having internet access. When connected with the Internet, home sensors and activation devices are an important constituent of the Internet of Things ("IoT"). A home automation system typically connects controlled devices to a central smart home hub (sometimes called a " gateway"). The user interface for control of the system uses either wall-mounted terminals, tablet or desktop computers, a mobile phone application, or a Web interface that may also be accessible off-site through ...
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June (company)
June is a home automation company based in San Francisco. Its first product was the June Intelligent Oven, a Wi-Fi-enabled, app-connected countertop convection oven that employs machine learning and computer vision technologies to identify and cook food. History June was founded by Matt Van Horn and Nikhil Bhogal and launched in June 2015. Van Horn previously co-founded Zimride, which spun off the ride-sharing service Lyft, while Bhogal designed the camera software for the iPhone’s first five generations and was as an inventor on multiple Apple camera software patents. June team members have also worked on the Apple Watch, GoPro cameras and Fitbit fitness trackers. Michelin-starred chef Michael Mina is an advisor to June. The first generation oven was launched in December 2016. June launched its second generation June Oven in August 2018 as the "do-it-all oven" and seven appliances in one - a countertop convection oven, air fryer, slow cooker, dehydrator, broiler, toast ...
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Big-box Store
A big-box store, a hyperstore, a supercenter, a superstore, or a megastore is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The term "big-box" references the typical appearance of buildings occupied by such stores. Commercially, big-box stores can be broken down into two categories: general merchandise (examples include Walmart and Target) and specialty stores (such as Home Depot, Barnes & Noble, IKEA or Best Buy), which specialize in goods within a specific range, such as hardware, books, furniture or consumer electronics, respectively. In the late 20th and early 21st centuries, many traditional retailers and supermarket chains that typically operate in smaller buildings, such as Tesco and Praktiker (the latter which is defunct since 2014), opened stores in the big-box-store format in an effort to compete with big-box chains, which are expanding internationa ...
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Business Wire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a wholly owned subsidiary of Berkshire Hathaway. History Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation ( Reg FD). Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network ...
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Enterprise Value
Enterprise value (EV), total enterprise value (TEV), or firm value (FV) is an economic measure reflecting the market value of a business (i.e. as distinct from market price). It is a sum of claims by all claimants: creditors (secured and unsecured) and shareholders (preferred and common). Enterprise value is one of the fundamental metrics used in business valuation, financial analysis, accounting, portfolio analysis, and risk analysis. Enterprise value is more comprehensive than market capitalization, which only reflects common equity. Importantly, EV reflects the opportunistic nature of business and may change substantially over time because of both external and internal conditions. Therefore, financial analysts often use a comfortable range of EV in their calculations. EV equation For detailed information on the valuation process see Valuation (finance). : Enterprise value = :: common equity at market value (this line item is also known as "market cap") :: + debt at mar ...
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BDT Capital Partners
BDT & MSD Partners is an American merchant bank that is co-headquartered in Chicago and New York City. The firm has both an advisory platform and an investment platform. History In January 2023, BDT & MSD was formed from the merger of BDT & Company, a merchant bank founded by Byron Trott that provides advice and capital to family and founder-led companies, and DFO Management, MSD Partners, an investment firm that manages the wealth of Michael Dell and his family. Trott is currently the Chairman and co-CEO of the firm while Gregg Lemkau who was previously CEO of MSD Partners is the other co-CEO. Dina Powell left Goldman Sachs to join the firm in May 2023. BDT & MSD is co-headquartered in Chicago and New York City with additional offices in Santa Monica, California, Santa Monica, Dallas, and elsewhere. In January 2025, it was announced that Goldman Sachs Group veteran Greg Olafson would join BDT & MSD as president, co-head of global credit and co-chief investment officer. Olaf ...
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Indianapolis, Indiana
Indianapolis ( ), colloquially known as Indy, is the List of capitals in the United States, capital and List of municipalities in Indiana, most populous city of the U.S. state of Indiana and the county seat of Marion County, Indiana, Marion County. Indianapolis is situated in the state's central till plain region along the west fork of the White River (Indiana), White River. The city's official slogan, "Crossroads of America", reflects its historic importance as a transportation hub and its relative proximity to other major North American markets. At the 2020 United States census, 2020 census, the Indianapolis (balance), balance population was 887,642. Indianapolis is the List of United States cities by population, 16th-most populous city in the U.S., the third-most populous city in the Midwestern United States, Midwest after Chicago and Columbus, Ohio, and the fourth-most populous state capital in the nation after Phoenix, Arizona, Phoenix, Austin, Texas, Austin, and Columbu ...
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River North, Chicago
River North is a Chicago neighborhood located north of the Chicago River, south of Division Street, and west of Wabash Avenue. It is adjacent to the Magnificent Mile retail and tourism corridor. River North has become one of Chicago's top neighborhoods for nightlife especially on and around Hubbard Street. It once hosted the largest concentration of art galleries in the United States outside of Manhattan. River North has experienced the development of large high-rise buildings, nightclubs and restaurants. Along with a handful of art galleries today, the area holds many bars, dance clubs, popular restaurants and entertainment venues, and a design district with shops and showrooms selling commercial and luxury interior furnishings in the blocks north of the Merchandise Mart. Kingsbury Park is an area of newly built residential high-rises at Erie Street and the Chicago River. History Smokey Hollow River North was named Smokey Hollow around the turn of the 20th century due ...
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