Gordon Brothers to Sell Assets of Triad Racing Technologies

Boston, MA, March 19, 2018 (GLOBE NEWSWIRE) — Gordon Brothers, the global advisory, restructuring, and investment firm, announced that it has been engaged by Triad Racing Technologies (“TRT”) to sell the assets associated with its race engine shop located in Mooresville, NC. TRT builds NASCAR race engines and body parts and is a primary vendor for Toyota Racing Development. Its engines have raced in the Monster Energy NASCAR Cup Series, NASCAR Camping World Truck Series and NASCAR Xfinity Series. The assets for sale include all machinery and equipment associated with its engine building and R&D programs including full CNC capabilities, complete 800+ HP race engines, a large stock of engine parts inventory, and other miscellaneous equipment. While TRT has made the strategic decision to exit its engine building business, it will continue to operate its other divisions focused on body parts and NASCAR racing.


“TRT has been a trusted partner to race teams in NASCAR for many years, providing industry leading innovation and horsepower. This is a very unique opportunity for anyone looking to purchase a turnkey engine shop located in the heart of the professional racing community, in addition to complete engines,” stated Jim Burke, Director, Gordon Brothers, Commercial & Industrial. “We’re thrilled to partner with TRT and pleased to provide an orderly sale solution that allows the business to evolve and focus on its other racing activities,” he added.

“We’re proud of our track record in NASCAR and the success of our clients over the years. The sale of our engine facility will allow us to concentrate on our body parts business and continue to support our racing clients going forward,” stated Marty Gaunt, President & CEO, Triad Racing Technologies.

TRT has partnered with Toyota Racing Development since its entry into NASCAR over a decade ago and has directly contributed to ten manufacturer championships, five driver championships, and over 100 wins in multiple series since 2004.

For more information, visit http://gordonbrothers.com/triad. For inquiries regarding the sale, please contact Jim Burke at Gordon Brothers. Email jburke@gordonbrothers.com or call 617-422-6232.

About Triad Racing Technologies

Triad Racing Technologies (www.triadrt.com) builds racing engines, body parts and is a primary vendor for Toyota Racing Development in NASCAR. Triad maintains an exclusive partnership with Toyota Racing Development to provide services for its engines and body parts. The company’s clients have accounted for 110 wins and 91 poles in the NASCAR Camping World Truck Series.

About Gordon Brothers

Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 25 offices across five continents.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/066f591d-926f-4554-a69b-5c5a00bf996e

Cal Shusta
Gordon Brothers

magicJack VocalTec Ltd. Announces Receipt of Approval from Shareholders for Proposed Acquisition by B. Riley

WEST PALM BEACH, Fla. and NETANYA, Israel, March 19, 2018 (GLOBE NEWSWIRE) — magicJack VocalTec Ltd. (“magicJack”) (NASDAQ:CALL), a leading Voice over IP (VOIP) cloud-based communications company, announced today that at an extraordinary general meeting of magicJack shareholders held on March 19, 2018, the shareholders approved the Agreement and Plan of Merger by and among the Company, B. Riley Financial, Inc., and B.R. Acquisition Ltd. Of the shares that voted at the meeting, greater than 97% voted in favor of the approval of the merger agreement. 

As previously announced, on November 9, 2017,  B. Riley Financial, Inc. (“B. Riley”) (NASDAQ:RILY), a diversified financial services company, and magicJack signed a definitive merger agreement, pursuant to which B. Riley will acquire magicJack for $8.71 per share, approximately $143 million in aggregate merger consideration.  It is anticipated that magicJack will be held by B. Riley’s subsidiary B. Riley Principal Investments, LLC, the entity that currently owns United Online, Inc., a complementary telecommunications company. 

The closing of the transaction is subject to the receipt of certain regulatory approvals and is expected in the first half of 2018.  

About magicJack VocalTec Ltd.
magicJack VocalTec Ltd. (NASDAQ:CALL), the inventor of magicJack and a pioneer in VOIP technology and services, is a leading cloud communications company. With its easy-to-use, low cost solution for telecommunications, magicJack has sold more than 11 million magicJack devices, which are now in their fifth generation, has millions of downloads of its calling apps, and holds more than 30 technology patents. magicJack is the largest-reaching CLEC (Competitive Local Exchange Carrier) in the United States in terms of area codes available and number of states in which it is certified.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the expectation that the transaction is expected to close in the first half of 2018.  This forward-looking statement involves known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from the expectation.   We caution readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. The following factors, among others, could cause the forward looking statement to be different from actual results: (i) the possibility that the merger does not close when expected or at all because required regulatory or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all; (ii) other risks that are described in magicJack’s public filings with the Securities and Exchange Commission.  Forward-looking statements speak only as of the date they are made and magicJack assumes no duty to update forward looking statements except as may be required by law.


Seth Potter
Investor Relations


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Dow Jones acquires Cerico

LONDON, March 19, 2018 (GLOBE NEWSWIRE) — Dow Jones Risk & Compliance, a leading provider of anti-money laundering, anti-corruption and sanctions compliance data solutions, has completed the acquisition of Cerico from the law firm Pinsent Masons and Campbell Nash, a consultancy owned by technologist James Armstrong.

Cerico provides end-to-end Know Your Business Partner technology and digital compliance tools for international businesses, supporting anti-corruption programmes around the world.

Cerico’s cloud-based platforms enable businesses to assess risk and conduct due diligence on potential suppliers, clients and other third parties, in addition to tracking activity and approval processes.

Cerico’s platform already integrates Dow Jones Risk & Compliance data for screening and ongoing monitoring.  

Post-acquisition, Cerico’s product will become part of Dow Jones’s workflow application, which is designed to provide a complete solution to assess, investigate and monitor third party risk for customers.

Chris Lloyd, Head of Professional Information Business, Dow Jones, said: “Cerico is a best-in-class, end-to-end compliance tool that is an excellent fit for Dow Jones as we move further into offering fully integrated third party risk solutions.”

Cerico is the second compliance solutions company to have been acquired by Dow Jones as it builds out the applications within its Risk & Compliance offering. Dow Jones Risk & Compliance acquired RiskAverter from U.S.-based Compliance Strategies International, LLC, in February 2017.

As part of the transaction, Pinsent Masons will retain a strategic relationship with Dow Jones through which it will continue to provide legal content for compliance solutions and deliver supplementary support and consultancy.

About Dow Jones
Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest newsgathering operations globally. It produces leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Factiva, Barron’s, MarketWatch, Mansion Global, Financial News, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones VentureSource. Dow Jones is a division of News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV).

Media Contact
Sophie Bent

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