FINANCIAL SOLUTIONS FOR YOUR BUSINESS

Working Capital

is the perfect product when your business has a project or additional expenses. Simple application process and funds up to $250,000. Capital intended to grow your business.

Equipment Finance

up to $500,000 (without financial review) for your new or used equipment acquisitions. With 100% financing and terms up to 84 months, it allows you to reserve cash in your bank account.

Announcements & Releases

so does everything else, lighting, music. Temperature, cleanliness, schedules, mandatory overtime, etc..

We work in one of the greatest industries. We get to create things every day. As we look at the things we have control of within our companies, may we foster a culture that many will desire to stay with us as we continue to make our modern world go around. Creativity in Culture at Ford Motor Company over 100 years ago, changed the world. We have some influence on what it’s like to work within our own shops. Let’s make it positive!

January 18: Emerging Leaders Conference

Connect. Learn. Lead.

Join us to grow your leadership skills! We will be discussing the future of the industry, how to bridge age-gaps and more!

Time: 9 am-2:30 pm

Location: SLCC Westpointe Campus/SSB Rooms

234/236 and a Tour of Hoyt Archery!

Send your best and brightest to learn from industry leaders! Presentations will include:

• Conflict Resolution/Crucial Conversations

• Contribution Margins in Manufacturing Pricing

• How to Pay Your Dues & Grow in Your Career

• Panel Discussion with Industry Leaders

$60 for first attendee/$50 for second/$40 for everyone following MUST BE FROM THE SAME COMPANY. If you have multiple people to sign up-please contact Maddie (chapterexec@nuntma.org)

Equipment Leasing and Finance Association’s Survey of Economic Activity

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for October was $11.3 billion, up 6 percent year-over-year from new business volume in October 2021. Volume was up 11 percent from $10.2 billion in September. Year-todate, cumulative new business volume was up nearly 6

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1963 2022 59 Years

Announcements & Releases

percent compared to 2021.

Receivables over 30 days were 1.7 percent, up from 1.5 percent from the previous month and unchanged from the same period in 2021. Charge-offs were 0.18 percent, up from 0.17% the previous month and up from 0.16 percent in the year-earlier period.

Credit approvals totaled 77.0 percent, down from 77.3 percent in September. Total headcount for equipment finance companies was down 4.7 percent year-over-year.

Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in November is 43.7, a decrease from the October index of 45.

ELFA President and CEO Ralph Petta said, “The equipment finance industry demonstrates its typical resilient nature, producing an increase in October new business volume despite months of interest rate hikes brought on by the Fed’s efforts to control inflation. Despite the spectre of an imminent recession—as many economists predict—equipment finance organizations continue to do what they do best, i.e., help supply the nation’s businesses with productive assets that enable them to survive and thrive.”

James Currier, Chief Revenue Officer, Finloc USA Inc., said, “By now there should be some consensus amongst economists and industry vets alike that the economy slowing down is not only predictable, but intended—and necessary. We see it coming and know it’s close. Despite the rhetoric from drama-driven sources, it’s unlikely that the sky will fall given our modern quantitative tightening policies and practices. Tough, yes, global economic catastrophe, probably not. We see the economic tightening as an opportunity for carriers to get back on track with normal equipment replacement cycles that have been postponed and explore new verticals. It will not be business as usual for the foreseeable future.”

Forging Futures Is Helping Manufacturing in Idaho

Forging Futures is here to re-tool the conversation and procedures that will put skilled Idahoans into financiallyrewarding manufacturing careers with excellent employers. We understand the need for cultivating local talent in a steadily increasing industry and offer programming and resources to collectively help our state’s communities and economy thrive. Visit: https:// forgingfuturesidaho.org

Products, Service, & Expertise

Utah Metal Works

www.umw.com

Tollfree: 866-434-5679

Local: 801-364-5679

At Utah Metal Works, recycling industrial-related scrap metal is one of the things we do best. You simply won’t find more knowledgeable, capable partners for your scrap handling and recycling efforts anywhere. We are known in the industry for our honesty and integrity, and you can be sure you are always getting a competitive return along with superior service. We make it easy for you to cash in on non-ferrous metals from: Industrial/Manufacturing transaction expected to close in mid-summer.

Taking Maxar private under Advent International’s ownership will give the space company “significant resources, operational expertise and capacity for investment” and aid Maxar’s ability to acquire new technologies and grow, the companies said.

“Advent came to speak to us because they’re excited about the growth and trajectory of the company,” said Dan Jablonsky, Maxar’s CEO and president, in an interview with the Denver Business Journal.

Stainless, titanium, Inconel, Hastelloy, Monel, cupronickel, aluminum;state-of-the-art metal analysis conducted on site; Mixed or contaminated items are accepted and sorted

Colorado Space Company Being Acquired In $6.4 Billion Deal

Colorado space company Maxar Technologies Inc. is being acquired and taken private in a $6.4 billion acquisition by a private equity company buying shares at more than double Maxar’s stock price.

The Westminster-based company, which makes satellites and spacecraft and gathers Earth-observation data and images it sells, agreed to a deal with Boston-based Advent International. The private equity firm offered $53 per share in cash to buy Maxar’s stock in a

Being private under Advent International’s ownership would give the company better access to capital for things like adding the seventh and eighth satellites to the company’s planned WorldView Legion satellite fleet and making other strategic moves, Jablonksy said.What the deal won’t do is change Maxar’s expectation that it will be a growing, Colorado-headquartered company, he said.

The deal includes a “go shop” period that ends on Feb. 14 during which Maxar’s board can entertain other acquisition offers and see if a would-be acquirer can make an offer superior to Advent International’s.

Advent International, which acquires businesses in a wide variety of industries internationally, said it was attracted to Maxar’s business and growth prospects.

“We have tremendous respect and admiration for Maxar, its industry-leading technology and the vital role it serves in supporting the national security of the United States and its allies around the world,” said David Mussafer, chairman and managing partner of Advent, in a deal announcement. “We will prioritize Maxar’s commitment as a core provider to the U.S. defense and intelligence communities, and allies, while providing Maxar with the financial and operational support necessary to apply its technology and team members even more fully to the missions and programs of its government and commercial customers.”

Maxar is one of the Denver metro area’s largest and highest-profile aerospace companies. The business employs about 875 people based at its Westminster headquarters and more than 4,000 others at the company’s other locations. Maxar has notable satellite manufacturing sites in Palo Alto and San Jose, California, and offices in the Washington, D.C., area where Maxar has many employees working in data technologies.

The company operates Earth-observation satellites as well as builds satellites and other spacecraft for commercial customers, NASA and other civilian and military U.S. government agencies.

It has acquired a string of small businesses in recent years to add technology capabilities, most recently buying Wovenware, a Puerto Rican company with 150 employees working in artificial intelligence and machine learning.

In March, it acquired a significant stake in Aurora Insight, a small Denverbased company that uses data collected from small satellites to map radio frequency coverage areas of mobile phone companies and other communications firms.Maxar also bolstered its ability to render digital, threedimensional representations of satellite-collected data by acquiring Vricon, a company it half-owned with Saab and then bought outright for $140 million in 2020.

Maxar has been building a new fleet of Earth-observation satellites, known as WorldView Legion, that are expected to be launched next year, likely starting before the Advent deal’s closure.

The six-orbiter addition would dramatically increase the amount and depth of data Maxar gathers from orbit. That’s expected to drive significant business growth for Maxar because it will have both added satellite capacity for customers and new kinds of satellite-derived data to offer.

But supply chain issues have slowed satellite construction and delayed WorldView Legion launches, pushing the first launches that were expected by now into 2023. The first pair of satellites is expected to launch in January, the company says. By Greg Avery – Denver Business Journal

We set containers for:

• Machine, welding & fab shops • Manufacturing facilities

• Demolition projects • One-time clean-ups

• Containers: 1 to 60 yards • Flatbed, cargo trailers, rolloffs

• Small boxes on wheels • Locking Lids • Leakproof boxes

Top prices paid for:

• Aluminum • Copper • Brass • Stainless • Steel/Iron

• Alloys • Lead & more

Convenient drive-in recycling:

• Easy acces from I-25, I-70 and Commerce City

• Fully paved • Se Habla Espanol ~