Re: Carlyle Group's IT Group and anthrax connections

["Charles Jannuzi" <jannuzi@xxxxxxxxxxxxxxxxxxxxxxxxx>]

Too many hours on the pc. I meant 'anticipating' a response from Chip in the
first post.

Here is an interesting follow up to CG's IT Group. It turns out it has
similar roots in Midwest USA garbage. The whole set of clippings from
Indybay segue nicely to 'dirt' on Waste Management, whose founder actually
held shares in IT Group's original Ohio cleanup company.  The segue to the
Horatio Alger stuff is nice, too. If I had kept clipping the info. then it
would have segued into some stuff on Wackenhut, but I'll save this for
tomorrow. But let me set up the Wackenhut part here with a bit of
explantion.

Now Wackenhut has been linked to the CIA and UFOs (though I have my doubts
about the latter), but what's really interesting about Wackenhut for me is
that it recently got acquired by a Danish security (not securities)--you
know rent-a-cop- firm for over 500 million dollars. What's funny about the
deal is that the acquiring firm only rushed in after Wackenhut's was able to
ask much more for its stock because people had supposedly piled into the
stock post 9-11 (however most of the company's stock is held by the
Wackenhuts).

There is a Carlyle Group connection (alas, I wish CG would just go away).
CG's IT Group along with Wackenhut and a NC software startup (that looks
like another DARPA or IN-TEL-Q startup) have helped set up some sort of
emergency management training center at University of Findlay in Ohio. IT
Group and Wackenhut look to be co-invested in some other companies as well.

Of course Wackenhut does a lot of gov't contracting that overlaps with
Carlyle Group and the companies it has investments in, like IT Group. It's
also no coincidence that when 'entrepreneurs' want to get contracts for
government services in prisons and waste they go to states like Texas and
Florida, since both states have a lot of prisons and they have a lot of
federal activity (like contaminated military sites and sites used by
military contractors) and up until recently two Bush governors.

Oh, and one more Wackenhut note. They run the illegal immigrant detention
centers in Australia and have been named in a lawsuit in the US over those
centers. I have no idea if the recent buyout of Wackenhut has anything to do
with that. At one business site it was reported that the Danish firm, Group
4 Falck, might sell off those parts of Wackenhut, but might also take it
back more deeply into airport security. And Wackenhut looks to get more
money from the federal government to guard nuclear reactors and the like.
Apparently one thing that was causing problems at Wackenhut was the need to
step up security without really getting a lot more money to do it, and
Wackenhut had been paying slightly more than some of its big competitors.


 http://www.indybay.org/news/2002/03/118808.php

FRONT-ENRON-ESQUE

IT Group (Francis J. Harvey,acting president and chief executive officer )
IS BANKRUPT !

January 17th, 2002A new owner of the IT Group looms on the horizon, once a
bankruptcy court approves.A new owner of the IT Group looms on the horizon,
once a  bankruptcy court approves. The Shaw Group, based in Baton Rouge,
La., has agreed to purchase "substantially all" of IT, the two companies
announced Wednesday. The transaction is expected to be done before the end
of the first quarter. Included in the proposed sale would be IT's facility
in Findlay at 16406 U.S. 224 East, which has about 306 workers. For local IT
personnel, the proposed sale would mark the second time in less than four
years that they would have a new owner. IT Group acquired the former OHM
Corp. in 1998.  http://www.thecourier.com/issues/2002/Jan/011702.htm

OHM's roots began in August 1969, when Robert Kirk and his sons, William,
Richard, James and Joseph, formed Kirk Brothers Inc., a general contracting
company which specialized in water-sewage treatment work throughout Ohio.

The company remained in this field until 1972 when Congress empowered the
U.S. Coast Guard to clean up oil spills. The Kirk family saw promise in that
work and formed Ohio Hygienic as a supplement to its original company.

In 1976, the transition to the oil and hazardous material containment and
cleanup field was completed when Ohio Hygienic became O.H. Materials.

In 1986, O.H. Materials and New Jersey-based Environmental Testing and
Certification Corp. merged, operating independently as subsidiaries of
Environmental Treatment and Technologies Corp. (ETTC).

The merger was significant because the once privately-held O.H. Materials
became part of a publicly-traded company. Three years later, ETTC changed
its name to OHM Corp.

In early 1995, H. Wayne Huizenga gave a boost to the company when he and the
Huizenga  Family Foundation purchased 1 million shares.

The Shaw Group, founded in 1987, provides piping systems and engineering,
procurement and construction services to the power generation industry.

Wayne's World, Were not in the mob,Were in the Waste Management

Waste Management Inc., WORSE MISMANAGED COMPANY  TO COME PUBLIC BEFORE
ENRON.

H. Wayne Huizenga, of. Lauderdale, FL,served in the ARMY, he worked for a
friend who owned  a garbage collection company. Eventually, he co-founded
Waste Management Inc., acquiring 100 companies in nine months. After leaving
Waste Management, he built Blockbuster Entertainment, defining America's
video rental industry until selling to Viacom for $8.4 billion. Today he
Chairs four NYSE companies; AutoNation, Inc., America's leading auto
retailer, Extended Stay America, Republic Services and Boca Resorts, Inc. He
also owns the Miami Dolphins, Pro Player Stadium and is involved in real
estate. http://www.horatioalger.com/member/hui92.htm
------------------

More on Wackenhut later this week.

Charles Jannuzi