Warmer-than-normal temperatures dominated the region this week with departures of 6-8 degrees above normal over portions of southern Illinois into northeastern Missouri. The drought intensities were adjusted slightly along the west coast of Florida. Abnormally dry conditions were expanded in Alabama, Georgia, South Carolina and North Carolina this week. Most of the rest of the region was 1-3 degrees above normal for the week. Temperatures were cooler than normal over east Georgia and southern South Carolina, with departures of 1-2 degrees below normal. It was a dry week over the region with only pockets of scattered rain, mainly over the coastal regions of east Florida, and the Carolinas. Some slight improvements to moderate drought and abnormally dry conditions through northern Virginia and southern Maryland were also incorporated this week. Severe drought was expanded over central Maryland and moderate drought and abnormally dry conditions were improved over western and central Pennsylvania. Moderate drought was improved over western New York and southern New Jersey. Abnormally dry conditions were improved in New York and Connecticut as well as northern and southern New Jersey. Dry conditions were observed over northern Virginia and into western Maryland. The greatest departures from normal were over western Pennsylvania and New York as well as into New England. Precipitation was scattered but most of the region did record some precipitation. Temperatures for the week were generally near normal to 2-4 degrees above normal with the greatest departures over northern Virginia. Drought Monitor period, significant rains developed over portions of the Midwest and central Plains, and they will be accounted for in the next analysis. Cooler-than-normal temperatures were recorded in the Pacific Northwest with departures of 3-6 degrees below normal. Almost the entire country had near- to above-normal temperatures this last week, with the greatest departures over the Southwest and central Plains where temperatures were at least 4-7 degrees above normal. Precipitation was most widespread throughout much of the upper Midwest and central Plains and into the Northeast. Dry conditions dominated the West and southern Plains, coupled with above-normal temperatures. and Canadian companies with $8 million or more of EBITDA. With offices in Cleveland, New York, and Chicago, the firm invests $10 million to $60 million per transaction in U.S. The Cyprium team is celebrating its 20th year working together and has deployed over $1.4 billion in 75 non-control investments. Cyprium provides common equity, preferred stock, subordinated debt or any combination thereof, offering flexibility and increasing the certainty of close. For more information, visit About Cyprium PartnersĬyprium Partners is a private equity and mezzanine firm focused on profitable middle-market companies, allowing company owners and their management teams to retain a controlling interest in their businesses. The business offers new and used equipment, parts and service to a diverse base of customers including farm operators, commercial property managers and homeowners. In addition, Patrick Rond, a Principal at Cyprium, stated “The acquisition of adjacent north Texas and Arkansas dealerships further strengthens UAT’s ability to serve its customers, and we are thrilled we could provide the subordinated debt to bring the deal together.”īased in Bryan, TX, UAT is a John Deere agriculture and turf equipment dealer group with 29 full-service locations in Texas, Oklahoma and Arkansas. We are looking forward to working with the management team to support the continued growth of the business.” “John Deere ag and turf equipment is world-class, and we believe UAT provides and supports these products in a manner that reflects the best of what it means to be a John Deere dealer. “Cyprium is excited to form this new partnership with UAT,” said Leland Lewis, a Partner at Cyprium. UAT is owned by Fernandez Holdings and management. In addition to new and used equipment, UAT provides parts and maintenance service to its customers. UAT’s locations offer Deere’s complete line of agriculture and turf equipment for crop care and harvesting, hay and cattle production, lawn care, and commercial turf maintenance. with 29 full-service sites in Texas, Oklahoma and Arkansas. With its first location established in 1974, UAT is one of the largest John Deere agriculture and turf equipment dealer groups in the U.S. This transaction marks the team’s 75th non-control platform investment. Cyprium’s capital was used to facilitate a significant acquisition and fund continued growth. J| Announcements, Mezzanine Debt, Non-Control CapitalĬyprium Partners, a non-control private equity firm, is pleased to announce a new subordinated debt investment in FH Equipment, LLC, d/b/a/ United Ag & Turf (UAT).
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