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American Securities

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American Securities LLC is an American private equity firm based in New York with an office in Shanghai that invests in market-leading North American companies with annual revenues generally ranging from $ 200 million to $ 2 billion and/or $ 50 million to $ 250 million of EBITDA . American Securities and its affiliates have approximately $ 23 billion under management. American Securities traces its roots to a family office founded in 1947 by William Rosenwald , the son of Julius Rosenwald , the longtime CEO of Sears, Roebuck and Co .

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20-962: William Rosenwald —who had inherited the Rosenwald fortune from his father Julius Rosenwald —founded American Securities Capital Partners in 1947. In 1993 Michael G. Fisch became the William Rosenwald family's financial advisor. In 1994—with Fisch as Director and CEO—American Securities opened their first fund to outside investors. By 2012 they had invested in "39 companies in a wide variety of industries, including industrial manufacturing, specialty chemicals, aerospace and defense, energy, business services, healthcare, media, restaurants, and consumer products." In June 2009, American Securities Capital Partners officially changed its name to American Securities LLC. As of February 2021, American Securities and its affiliates had approximately $ 23 billion under management. American Securities has invested in 67 companies across

40-585: A 15-minute call, the Federal Communications Commission scrutinized the industry. In 2015 GTL sought judicial review of the FCC's regulation order aimed at lowering the cost of ICS. William Rosenwald William Rosenwald (August 19, 1903 – October 31, 1996) was an American businessman and philanthropist. His American Securities Corporation invested in other business including AMETEK and Western Union International. He helped establish

60-517: A family effort in the mid-1930s to provide assistance to relatives in Europe affected by the rise of Nazi Germany . By 1948 over 300 individuals had been brought to the United States and provided with work and places to live. An additional 300 family members in Europe were also provided for. In a 1935 interview, Rosenwald stated that "There is the thought in my mind -- and that I would like to get across to

80-504: A timeline of UJA-Federation from 1917–2017, PBS produced a documentary for its Treasures of New York series, and a book, UJA-Federation of New York: The First Century, was published. In 2016, UJA-Federation's annual campaign raised $ 153.4 million. Including bequests, endowments, and capital and special gifts, the total amount raised in the year was $ 207.6 million. In 2021, UJA-Federation's annual campaign raised $ 63.2 million. Including bequests, endowments, and capital and special gifts,

100-474: A variety of industries. As of February 2021, American Securities is currently partnered with 21 companies that have 109,900 collective employees worldwide. Investments as of 2021: Previous investments as of 2021. American Securities owns Global Tel*Link Corporation (GTL) which in 2015 had a 50% share in the $ 1.2 billion prison inmate telecommunications services including the controversial Inmate Calling Service (ICS). With prisoners in 2012 paying up to $ 17 for

120-782: Is known today, was created from the 1986 merger of the United Jewish Appeal , established in 1939, and the Federation of Jewish Philanthropies of New York, a predecessor organization established in 1917. Both the Center for Jewish History and the American Jewish Historical Society , an affiliate of the Smithsonian , houses UJA-Federation's archives . Beginning in 1981, the Federation of Jewish Philanthropies of New York conducted an oral history project. It continued through

140-638: Is the largest local philanthropy in the world. Headquartered in New York City , the organization raises and allocates funds annually to fulfill a mission to “care for Jews everywhere and New Yorkers of all backgrounds, respond to crises close to home and far away, and shape our Jewish future.” UJA-Federation allocates funding to social service organizations, healthcare organizations, non-governmental organizations, Jewish institutions, and community agencies in New York, Israel, and 70 countries. UJA-Federation, as it

160-735: The American Jewish Joint Distribution Committee , Rabbi Abba Hillel Silver of the United Palestine Appeal , to form the United Jewish Appeal for Refugees and Overseas Needs. The founders emphasized that the funds needed to support Jews in Europe and Palestine would be triple to quadruple the amount raised in the previous year. While the organizations would raise funds together, the Joint Distribution Committee would assist Jews in Europe,

180-674: The Russian invasion of Ukraine . With an established presence supporting Jews of post-Soviet states , including the approximately 200,000 Jews living in Ukraine at the start of the war, UJA-Federation began crisis response efforts on February 24, 2022, the same day the war began. UJA-Federation has allocated grants to 78 unique organizations operating in Ukraine, Europe, Israel, and New York. Grant allocations focus on humanitarian aid ($ 7.7 Million), rescue efforts ($ 1.1 Million), refugee support ($ 13 Million), and other critical response areas. Following

200-637: The Director-General of its Israel office in Jerusalem. In 2023, New York State Assembly member Daniel Rosenthal joined UJA-Federation as vice president of Government Relations. Linda Mirels was appointed president of UJA-Federation on July 1, 2023; Marc Rowan was appointed chair of the board. In response to the COVID-19 pandemic , UJA-Federation allocated nearly $ 70 million in emergency grants. In 2020–21, UJA-Federation conducted an in-depth examination of

220-704: The Jews of America -- that to the extent that the Jews as a whole help their suffering brethren, we will fortify the Jews of all countries against anti-Semitic onslaughts." He organized the National Refugee Service (later a part of the Hebrew Immigrant Aid Society ) in 1939, to help resettle refugees. In 1938, Rosenwald married Mary Kurtz, his second wife, with whom he had three daughters. Kurtz died in 1985. In January 1939, Rosenwald's National Coordinating Committee Fund joined with Rabbi Jonah Wise of

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240-717: The United Palestine Appeal would aid the Jewish community in Palestine, including refugees from Europe arriving there and the National Coordinating Committee Fund would assist refugees arriving in the United States. From 1942 to 1946, Rosenwald was one of the UJA's three national chairmen, leading the first campaign to raise more than $ 100 million, and led campaigns again from 1955 to 1957. In 1974, Rosenwald oversaw

260-614: The merger between Federation and the United Jewish Appeal of Greater New York until 2004. A collection of oral histories was published in 1995. During the late 1980s, UJA-Federation participated in the Soviet Jewry Movement with its Passage to Freedom campaign to help Jewish Émigrés from the Soviet Union. To honor its centennial in 2017, the American Jewish Historical Society produced an exhibition exploring

280-524: The merger of the joint campaign between United Jewish Appeal of Greater New York and the Federation of Jewish Philanthropies and was named as the first president of the combined campaign. This joint fundraising campaign by the two philanthropic organizations was the first step in the complete merger of the organizations in 1986. Rosenwald served on the board of the Tuskegee Institute for 40 years and

300-633: The nationwide United Jewish Appeal in 1939 and made other charitable grants through the William Rosenwald Family Fund. His father was Julius Rosenwald , the former chairman of Sears, Roebuck and Company and a leading philanthropist whose Rosenwald Fund built 5,000 schools for black children in the South a few decades after the Civil War. William Rosenwald was born in Wilmette, Illinois , in 1903;

320-628: The second son of Julius Rosenwald and the former Augusta Nusbaum. He attended the MIT Sloan School of Management , where he earned a Bachelor of Science degree in 1924. Rosenwald also attended Harvard University for a year as well as the London School of Economics . He was employed by Sears, Roebuck starting in 1928, and was a director of the firm from 1934 to 1938. It was also in 1928 that Rosenwald married his first wife, Renee Scharf, daughter of Austrian painter Viktor Scharf II. He organized

340-640: The social, economic, and emotional impact of the Covid-19 pandemic on the New York Jewish community , surveying 4,400 Jews in the New York City area. The study found that nearly one in six adult Jewish New Yorkers experienced financial setbacks during the pandemic, and three-quarters of Jewish New Yorkers who said they have a substance abuse problem said it worsened during that period. As of July 2023, UJA-Federation has allocated more than $ 25 million to respond to

360-499: The total amount raised in 2021 was $ 249.6 million. UJA-Federation's endowment was $ 1.2 billion as of 2021. Eric S. Goldstein assumed the position of Chief Executive Officer on July 1, 2014, replacing John S. Ruskay , Executive Vice President Emeritus. In July 2018, Rabbi Menachem Creditor assumed the position of Pearl and Ira Meyer Scholar-in-Residence of UJA-Federation. In 2021, UJA-Federation appointed former Israeli Minister of Labor, Welfare, and Social Services, Itzik Shmuli , as

380-737: Was a longtime board member of the New York Philharmonic . He served on the executive committee of the American Jewish Joint Distribution Committee for five decades and was an active leader of the American Jewish Committee and the Council of Jewish Federations, among many other organizations. Rosenwald died at age 93 on October 31, 1996, at his apartment on the Upper East Side of Manhattan . Rosenwald

400-571: Was survived by his three daughters, Nina Rosenwald being one of them, and five grandchildren. In 1960, Rosenwald received the Solomon Bublick Award of the Hebrew University of Jerusalem in recognition of his "significant contribution to the progress and development of Israel”. Federation of Jewish Philanthropies UJA-Federation of New York ( United Jewish Appeal ⁣ – ⁣ Federation of Jewish Philanthropies of New York, Inc.)

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