The Fortress Investment Group-Investment at it’s best

When the Fortress Investment Group bought American General finance for 125 million dollars, many did not understand why the group was spending so much money on a subprime lender at the time. What they did not know was one of the founding members Wes Edens was among the best in reviving such strategic investments, and within a short time, they have renamed it to Springleaf financial services, transforming it into a private equity unit which currently manages assets worth more than fourteen billion dollars. This is just one of the many examples of how the Fortress Investment Group has been able to make strategic investments that looked daring at face value and turning them into objects that mirror the group’s success.

Fortress Investment Group today manages assets worth more than 42 billion dollars despite it returning to private hands in 2017 when it was acquired by Softbank. This level of success has been made possible by the steady leadership it has enjoyed since it was founded in 1998. The Group has been able to attract talent from larger organizations, even in its formative years when it was much smaller. Peter Briger, their current Co-CEO, is a case in point of someone who moved from a bigger organization Goldman Sachs and manages to grow his career at Fortress to where he is today. This ability to bring and retain top talent goes a long way in ensuring continuity and the understanding of business operations which in turn translates to business stability.

The Fortress investment listed on the NYSE in 2007 at a time when it was the only private alternative asset management firm to do so. The firm had managed to sell about eight percent of its stock to the public by 2009 which represented growing confidence in their management skills. In 2017 however, the shareholders received an offer from the Japanese Investment Bank Softbank offering a total of 3.3 billion dollars to acquire all their listed shares. This acquisition was approved in July of the same returning the fortress investment Group to where it all began. With this, the group hopes to continue making more strategic investments as they have alway done.

 

Transformation of the OSI Group

The food manufacturing industry is one of the biggest in the world, but not many people even recognize that. We go to the restaurants and supermarkets to pick foodstuffs but rarely do we even try to figure out where they come from. What many of us do not know is that food companies make these foodstuffs. One such food company is the OSI Group. If you have never heard it, just know that you could have consumed its food products. It is the largest private food production company in the United States. It is located in Aurora, Illinois although its products are supplied to a global market.

OSI group has long history as a food production company. It was started in 1909 by a German immigrant known as Otto Kolschowsky. This is a man who was just building a small business that would supply meat products to the people of Chicago. However, as it would turn out, the business did very well and developed into a wholesale business. It even changed its name to Otto & Sons after the two sons of the founder- Harry and Arthur joined in running the business, they would later be left in charge of the business by his father.

In the mid-20th century, another business that would play a great role in the development of OSI Group was formed. McDonald’s set up its first restaurant in Illinois. Otto & Sons being the biggest supplier of meat products in the area was contracted to be supplying hamburgers. The growth of the McDonalds was so rapid that pressure was piling up on the business to increase production so that it could meet the needs of the market. McDonald’s was opening restaurants in different parts of the country and needed OSI Group to take their products to these locations.

OSI Food Company had to build its first food production plant in the 1970s to meet the needs of the market. The food plant was specifically meant for supplying the McDonalds. In 1975, the company brought in another partner in the business known as Sheldon Lavin. He would later become the only partner in the company after the other two left. He is now the chairman and CEO of the OSI Group.

For details: www.creativefoodseurope.eu/osi-group