Banking & Financial Services
On Tuesday, April 6, Kansas City, Missouri, voters will decide on the one percent city earnings tax. The tax is paid by city residents, non-residents who work in the city and businesses located in the city. According to the city,…
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The acquisition of Kansas City-headquartered Custom Truck One Source has been finalized, the specialized truck and heavy equipment solutions provider selling to Nesco Holdings, Inc. News of the acquisition was originally announced back in December 2020. Today, the transaction closed…
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Earlier this week, President Joe Biden signed the PPP Extension Act of 2021, extending the Paycheck Protection Program an additional two months to May 31. “Nearly 90,000 business owners are still in line, and there’s money left,” Biden said. For…
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Prime Capital Investment Advisors (PCIA) closed on a deal Thursday bringing on Arkansas-based Sphere Wealth Management. The transaction adds $50 million in assets under management (AUM) to Prime's $11.2 billion in AUM. The deal has added more than 200 families…
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Stocks swung wildly following last week’s FOMC's highly anticipated meeting as the yield curve pulled back, steepened, then pulled back once more. The central bank sharply upgraded its 2021 GDP growth forecast to 6.5%, the largest annual output since 1984,…
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The Kansas City Council signed off on a $1.73 billion budget for the 2021-22 fiscal year. The measure revisited borrowing money for infrastructure, included money for tenant advocacy and deferred tapping into $195 million in stimulus funds. After objections that…
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Overland Park, KS., March 30, 2021 – Ferrellgas Partners, L.P. (OTC: FGPRQ) ("Ferrellgas" or the "Holdings") announced today the successful completion of its previously announced restructuring transactions that strengthen its balance sheet while allowing it to continue as an employee-owned…
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Ferrellgas Partners LP has successfully completed the terms of a prepackaged Chapter 11 bankruptcy plan that have allowed the company to remain an employee-owned enterprise. Ferrellgas Partners is a holding company for its propane businesses. Operating partnership Ferrellgas LP was…
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A Pittsburgh-based railroad industry supplier announced its plans to acquire Nordco in a $400 million deal. Nordco Inc., which owns both Kansas City manufacturer Shuttlewagon and Nordco Rail Services and Inspection Technologies, formerly Dapco Technologies of Lee's Summit, employs about…
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Missouri's minimum wage is on track to reach $12 by 2023, but a bill would push it back to 2026. The delay of the gradual increase is a proposal from Rep. Cody Smith of Carthage. Rep. Smith addressed fellow lawmakers…
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