SuperTalk FM
World’s largest equipment rental company buys Hattiesburg-based business for $1.1 billion
SUMMARY: United Rentals, the leading equipment rental company, has acquired Yak, an industrial mat manufacturer based in Mississippi, for $1.1 billion. The purchase of Yak, which includes Yak Access, Yak Mat, and New South Access & Environmental Solutions, adds roughly 600,000 mats to United Rentals' portfolio, enhancing its specialty business offerings. President and CEO Matthew Flannery believes the deal will drive shareholder returns and provide comprehensive solutions for customers. Yak, with $171 million in EBITDA on $353 million revenue, will be funded through debt financing and United Rentals' existing credit facilities. Yak's CEO, Frank Bardonaro, is optimistic about the growth opportunities with United Rentals.
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SUMMARY: Mississippi State men's basketball coach Chris Jans has extended his contract with the university through the 2027-28 season. According to ESPN's Pete Thamel, Jans will receive a $1 million salary increase, raising his annual pay to $4.2 million starting in the 2024-25 season. The contract also includes performance-based incentives. This extension follows Jans leading the Bulldogs to their second consecutive NCAA Tournament appearance, although they were recently defeated by Michigan State in the first round. Since joining Starkville in March 2022, Jans has achieved a 42-27 record and coached standout players, including All-American Tolu Smith and Howell Trophy winner Josh Hubbard.
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SUMMARY: The largest economic development project in Mississippi history has commenced with a $10 billion investment by Amazon Web Services (AWS) in Madison County. AWS will build data center complexes in Canton and Ridgeland, generating over 1,000 high-tech jobs. Governor Tate Reeves and AWS officials highlighted the project's significance for economic growth and workforce development, including six community projects such as the Amazon Community Workforce Accelerator, technology donations to schools, and renewable energy initiatives. The AWS centers will be completed within the next five to seven years, potentially adding $3.3 billion to Mississippi's GDP.
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SUMMARY: The Leopold Conservation Award, celebrating voluntary conservation efforts on farms, ranches, and forestland, is now available in Mississippi. Named after conservationist Aldo Leopold, the award acknowledges exceptional land management in soil health, water quality, and wildlife habitats. Mississippi joins 28 other states in presenting this $10,000 award through collaborations with organizations like the Mississippi Farm Bureau Federation and The Nature Conservancy. Farmers and ranchers in Mississippi making significant environmental strides can be nominated until July 30, 2024. Winners will receive the cash prize and national recognition for their conservation achievements.
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