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Minneapolis, MN – December 29, 2014 – Gordon Brothers Group, Hilco Global and Pohlad Family Capital Fund (PFCF) announced today that PFCF and another family office investor have acquired interests in PLR IP Holdings, LLC, the owner of the Polaroid brand and related intellectual property, from Knightsbridge Capital Partners and the Chapter 7 bankruptcy trustee of PBE Corporation (the former Polaroid Corporation). The transaction marks the next phase of the company’s evolution after a successful five year effort to reestablish Polaroid as the preeminent brand for instant photography and related consumer electronics worldwide.

Polaroid is an iconic brand known the world over for pioneering and perfecting instant photography – both in the analog and digital eras. Today, the Polaroid brand is found on a broad range of consumer electronics products including instant and digital still cameras, lifestyle action sports cameras, tablets and flat screen TVs. Polaroid products are currently sold in over 100,000 retail stores in more than 100 countries throughout the world. Innovative products such as the Polaroid Cube and Socialmatic Instant Digital Camera continue to break through established barriers, bringing ease-of-use, sharing and fun to consumers everywhere. (more…)

Company Release – 12/15/2014 17:00

KANSAS CITY, Mo.–(BUSINESS WIRE)– UMB Financial Corporation (Nasdaq: UMBF), a $16.3 billion diversified financial holding company as of September 30, 2014, headquartered in Kansas City, Mo., and the Pohlad family of Minneapolis, Minn., announced the execution of a definitive agreement for UMB to acquire Marquette Financial Companies (MFC), a $1.3 billion financial-services company owned by the Pohlad family, in an all-stock transaction. MFC operates 13 branches in Arizona and Texas, two national specialty-lending businesses focused on asset-based lending and factoring as well as an asset-management firm.

Upon closing, the Pohlad family will receive approximately 3.4 million shares, or $182.5 million based on UMBF’s closing price of $53.16 on Friday, December 12, 2014, representing approximately 7% ownership in UMBF. This consideration represents a multiple of 1.6x MFC’s tangible book value as of September 30, 2014. The consideration is subject to closing equity adjustments.

“With this announcement, UMB continues to demonstrate our commitment to partnering with companies that are a strategic, financial and cultural fit. We expect the combination of UMB and MFC to be financially attractive as a result of our complementary balance sheets, increased penetration of strategic markets and the addition of national business lines,” said Mariner Kemper, chairman and CEO, UMB Financial Corporation.

MINNEAPOLIS (Aug. 25, 2014) — RJM Construction, a Minneapolis-based general contractor, has been selected by Carousel Motor Group to build a new facility for its Porsche of Minneapolis dealership. Located at 9595 Wayzata Blvd., Golden Valley, the new Porsche of Minneapolis building will be constructed on the parking lot of the existing dealership location. The dealership will remain open during construction.

At 31,000 sq. ft., Porsche of Minneapolis will be increasing its size by 18,000 sq. ft. over its existing facility. The new building will include an expanded showroom and the repair shop. Using materials that incorporate the latest Porsche brand features, the building will include an exterior metal facade, a curtain wall system and interior finishes with Porsche signature colors. Construction will begin in October 2014 and will be complete by July 2015. RJM Construction also provided pre-construction services to the project.

“Working with RJM, we looked at both remodeling and expanding the existing facility versus building a new one. Ultimately, building new allowed us to minimize the disruption to our business and gave us more flexibility with planning our new space,” said Jay Hulbert, president, Carousel Motor Group.

MINNEAPOLIS July 9, 2014 — One of Minnesota’s largest nonprofits, Be The Match®, held an official ground breaking ceremony on Tuesday, July 8 at the site of the organization’s new and expanded headquarters in Minneapolis’ North Loop Neighborhood. The project team includes developer United Properties, building architect RSP Architects, interior architect Perkins + Will and general contractor RJM Construction.

Be The Match is the world’s leading nonprofit organization focused on delivering cures through bone marrow and umbilical cord blood transplantation. Over the past 25 years, the demand for transplant services has grown dramatically—the number of patients with diseases for which a bone marrow transplant can be a cure has increased, along with the types of diseases that the procedure is used treat.

The new Coordinating Center will help Be The Match meet this growing need while better serving patients, donors and health care professionals around the world.

Be The Match staff will be brought together in a single, seven-story building with approximately 240,000-square-feet. The project is the largest build-to-suit office to be undertaken in the North Loop, with Target Field, Target Field Station and Ford Center serving as major catalysts for the expansion of the area.

MINNEAPOLIS — (July 1, 2014) — Twin Cities Automotive (TCA), part of the Pohlad Companies, is adopting a new name that reflects a bit of the company’s own history: Carousel Motor Group.

“Our new name, Carousel Motor Group, is a nod to our company’s past – the purchase of Carousel Audi and Porsche in 2012 – while representing our aspirations for the future,” said Tim Kraemer, the executive who has led the branding initiative for TCA.

“We think our new name is distinctive and memorable and will allow us to go and grow anywhere – a definite plus, since our goal is to double the size of our company,” said Jay Hulbert, president. “The name Carousel Motor Group not only gives us the flexibility to expand into new geographic areas, but also into new manufacturer brands and even different vehicle categories.” (more…)

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