American Metal Market Originally published August, 2013 Play Hard, Fight Hard, Win The competitiveness comes naturally. Bouchard was raised in a household which embraced and thrived on a ‘winner-take-all’ attitude and where the former Inland Steel put food on the table. No matter the weapon of choice—the nearest pillow, a blazing fastball, a crushing backhand […]
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Entries by aciwpadmin
Chicago Booth Magazine (U of C) Originally published October, 2015 The entrepreneur reflects on tossing out an entire board of directors, the joy of making hard-working employees into millionaires, and the importance of bedtime stories for kids.
Redbird Magazine by Lauren Hutchcraft Former Redbird baseball player and successful businessman Craig Bouchard had a ground-breaking idea and Illinois State was where it all began. “Business is a lot like sports,” Bouchard, a letter winner on the redbird baseball team, said. “I don’t see business as a job, it is a game. If you […]
FOR IMMEDIATE RELEASE CHICAGO, IL (August 23, 2016) Serial entrepreneur Craig Bouchard today announces he will be resigning from the Board of Directors of Real Industry Inc. “I want to thank the management team and all employees who worked tirelessly to grow the company from $40 million of annual revenue to roughly $1.4 billion of […]
Seeking Alpha by Peter Kaye Summary A core part of my thesis hinged on a skilled capital allocator presiding over Real Industry. The resignation of Mr. Bouchard detracts from the attractiveness of RELY as an investment. I’m adjusting my target price from $13.92 to $10/share in light of the uncertainty surrounding this management change.
Acquisition strategy and a big swath of federal net operating tax-loss carryforwards, which could pay off for investors in Signature Group. Barron’s By David Englander Last week, this column highlighted the opportunity present in the shares of Covanta Holding, pointing out that the waste-to-energy company (ticker: CVA) has long benefited from its association with investor […]
Wall Street Journal By Mike Ramsey and John W. Miller Ford Motor Co.’s decision to build a lighter-weight pickup truck using aluminum body-panels has been billed largely as a way to achieve better fuel economy. The company’s boss says it is also a recycling play. The 2015 F-150, perhaps the most important vehicle to hit […]
The Deal Pipeline By Tatiana Kulkarni Following its recently announced $525 million acquisition of Aleris Corp.’s aluminum recycling business, Signature Group Holdings Inc. (SGGH) looks to pursue the model of a publicly traded private equity firm. “While remaining flexible, one outcome would be to become a mini-mini Berkshire Hathaway,” said CEO Craig Bouchard, referring to […]
Bloomberg By Sonja Elmquist Aleris Corp. (ARS), the aluminum maker owned by Oaktree Capital Management LP, agreed to sell its recycling unit to Signature Group Holdings Inc. (SGGH) for $525 million in cash and stock. Global Recycling and Specification Alloys is the largest independent recycler of aluminum, Sherman Oaks, California-based Signature said today in a […]
Crain’s Cleveland Business By Rachel Abbey McCafferty Beachwood-based Aleris International Inc. announced it will sell its North American and European Recycling and Specification Alloys businesses to an affiliate of Signature Group Holdings Inc. for more than half a billion dollars.