Daily Record Financial News &
Monday, June 13, 2016
Vol. 103, No. 151 • Two Sections
35¢ www.jaxdailyrecord.com
IPO would add new Fortune 500 firm
The annual Fortune 500 list released last week once again includes three Jacksonville-based companies but if Southeastern Grocers would just go ahead and file for an initial public offering, Jacksonville would be able to claim four. The magazine’s annual list of the largest U.S. companies, based on revenue in the last fiscal year, includes three companies ranked in roughly the same spots as last year: CSX Corp. at 239 with $11.8 billion in revenue in 2015; Fidelity National Financial Inc. at 311 with $9.1 billion; and Fidelity National
Information Services Inc., or FIS, at 392 with $6.6 billion. FIS should have more than $9 billion in revenue this year, after its acquisition late last year of SunGard Data Systems Inc. That will put FIS neck and neck in the rankings with Fidelity National Financial, which spun off FIS in 2006. However, Southeastern Grocers would rank higher than both of them and rival CSX as the largest company in Jacksonville, if only it filed public financial reports. The Fortune 500 list only
50 years and still going
includes companies that file financial reports with a government agency. So privately-owned Southeastern Grocers, the parent of the Winn-Dixie, Bi-Lo and Harveys supermarket chains, isn’t included. Forbes magazine last year ranked Southeastern Grocers as the 31st largest private company
in the U.S., estimating its 2014 revenue at $10.5 billion. Supermarket News estimated it even higher at $11.5 billion. Southeastern Grocers, owned by private equity investor Lone Star Funds, filed plans for an IPO in September 2013 but withdrew its registration in August 2014. It has not said anything about trying again to go public.
FNF pays off Riverside building
Fidelity National Financial acquired full ownership of its
Eyelash extensions, facials and mani-pedis
“One day, I was 50 and then all of the sudden, I was 70.” Charles Commander
Commander in the mid-1970s
Eglam offers range of services Downtown
State Bar honoring local attorneys for half-century mark
By Max Marbut Staff Writer If you’re Downtown and need a manicure, pedicure, facial, waxing or eyelash extensions, all those services are available at the Jacksonville Landing. Amanda Phillips, who’s a “master lashtician,” opened Eglam Studios on the first floor near Compass Bank in February. She and her staff are licensed cosmetologists who specialize in eyelash extensions. It’s a way for a woman to have long eyelashes that are placed with a mild adhesive alongside her natural lashes. “Eyelash extensions are fairly new to Jacksonville,” said Phillips. Applying a full set of lashes takes about two hours, then shorter “refill” sessions are needed every three to five weeks to maintain the look. Phillips has been in the business for two years and moved from Atlanta back to her hometown to open the business. “Downtown is the central location of Jacksonville and everybody knows the Landing,” she said. Phillips She’s working with the concierges at Downtown hotels to offer services to business travelers and tourists who might want a facial, manicure or pedicure. Phillips expanded the salon’s services to include what she calls “express manis and pedis,” a manicure or pedicure in about 25 minutes instead of an hour. “If you have an hour for lunch, you can get your nails done and still have time to get something to eat,” she said. Eglam studio is open noon-5 p.m. Tuesday, 10 a.m.-8 p.m. Wednesday-Saturday and by appointment.
By David Chapman, Staff Writer
A
ttorneys who stay dedicated in the field long enough know what can happen. Charles Commander remembered what it was like when he started practicing law 50 years ago. “A lot of them died at their desk,” he said. “I didn’t want to do that.” He’s not doing that — he officially retired as a partner from Foley & Lardner when he turned 70 in 2010. At 75, though, he’s still around, still has a desk in the firm’s 13th floor offices Downtown in the Wells Fargo Center.
He’s just not around nearly as much. On Friday, he popped in the office to catch up on calls and emails after a fishing excursion with his sons and grandchildren in the Bahamas. Although he doesn’t do daily legal work, he’s still an active Florida Bar member and helps the firm and his colleagues develop strategies. A career in business and real estate law has meant a lot of lessons learned and advice to provide. The longevity will be a reason to celebrate this week in Orlando. Along with 13 other 4th Judicial Circuit attorneys, Commander is being honored for being in The Florida Bar for 50 years. He didn’t think he’d be at it this long, but can’t see himself voluntarily quitting. “I was amazed,” he said. “One day, I was 50 and then all of the sudden, I was 70. The time just flew by.” John Donahoo Jr. didn’t think he’d still be practicing at this point in his life, either. 50-year continued on Page A-6
Public
legal notices begin on page
headquarters building and parking structure on Riverside Avenue, according to a deed recorded last week with the Duval County Clerk of Courts. The deed showed Fidelity paid $71 million to buy the property from SunTrust Bank but Dan Murphy, senior vice president and treasurer of the company, said Fidelity was essentially paying off a financing arrangement with SunTrust. He said accounting rules made it impractical to continue the financing. Basch continued on Page A-10
mmarbut@jaxdailyrecord.com (904) 356-2466
“You have to have honor and integrity in what you do so tomorrow you won’t regret it.” John Donahoo Jr.
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Donahoo in the mid-1980s
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