Wednesday, January 9, 2013
A Virginia firm has offered to take over the Moon Township engineering company.
The Michael Baker Corp.'s board of directors has created a committee to examine an acquisition offer from a Virginia private equity firm. In December, DC Capital Partners offered to purchase the Moon township-based engineering firm at $24.25 per share in cash. A week after the offer was made public, Michael Baker shareholding firm Crescendo Partners urged the firm to put itself up for sale. The company's committee will be advised by investment firm Houlihan Lokey and law firm Jones Day. "The board has not placed any limitations on the committee's review and has not made any decision to review, or not review any possible alternatives at this time," according to the statement. Michael Baker is headquarted on Airside Drive in Moon.
Thursday, December 20, 2012
The Moon Township engineering firm Michael Baker Corp. announces the offer today.
The Moon-based Michael Baker Corp. announced today that an outside firm has offered to acquire Baker at $24.25 per share. Private equity investment firm DC Capital Partners has proposed that the firm KS International LLC, in which DC Capital has a controlling interest, is prepared to "immediately negotiate and execute definitive agreements," toward the acquisition, according to a statement from Baker. In a letter to the Baker Corp., DC Capital states it is in discussions with investment banks and other financial institutions and "expects to have fully executed, underwritten financing commitments in the near future." Baker's board of directors will review the proposal and "respond in due course," according to its statement. Engineering…
Saturday, May 5, 2012
Military supporters today gathered at a rally to protest the Air Force's planned closure of the 911th Airlift Wing.
Hundreds of military supporters gathered earlier today on Airside Drive in Moon to protest the planned 2013 closure of the 911th Airlift Wing. Rep. Tim Murphy, R-Upper St. Clair, and Rep. Mark Critz, D-Johnstown, as well as members of Moon Township's Board of Supervisors were among those who gathered in Airport Cargo Building A to express opposition to the Air Force's decision to shutter the base. Despite its recently announced plans to close the Moon-based airlift wing, the Air Force has invested more than $58 million in infrastructure at the base in the past five years, according to Murphy's recent testimony before the House Armed Services Committee. The base tomorrow will host a ribbon-cutting ceremony to mark the opening of Building …
Wednesday, May 2, 2012
Supporters of the base will rally Saturday on Airside Drive.
- THE NEIGHBORHOOD FILES
- Jenna Staul
Wednesday, May 2, 2012
Supporters hoping to prevent the planned closure of the 911th Airlift Wing will gather Saturday in Moon Township to protest the move. The Military Affairs Coalition of Western Pennsylvania is planning a 4:30 p.m. rally Saturday at Airport Cargo Building A at 700 Airside Drive in the township. The event will feature guest speakers as well as information for those directly impacted by the closure. More than 300 supporters of the air wing are expected to attend the event, which is open to the public, said organizer Carol Pirro. "We're going to do a question-and-answer session and discuss what's going on and what people are doing to help," Pirro said. The coalition held an April rally at Soldiers & Sailors Memorial Hall in Oakland to …
Tuesday, November 15, 2011
The Moon-based firm oversaw construction on the fence, which serves as the largest U.S. Customs and Border Protection project in the country's history.
The Moon-based Michael Baker Corp. has been recognized for its work constructing a 500-acre fence along the United States/Mexico border. The Construction Management Association of America honored the firm ealier this month for its work overseeing construction on the border fence, which is the largest U.S. Customs and Boarder Protection infrastruction project in United States history. The federally funded project involved construction of vehicle and pedestrian fencing along the southwest boarders of Texas, New Mexico, Arizona and California. The company worked with Customs and Border Protection and the U.S. Army Corps. of Engineers for the project, which aims to quell illegal immigration across the U.S. border with Mexico. The CMAA …