As the American Civil Liberties Union's David Shapiro documented last year, the exploding market for private correctional services to run federal immigration detention centers has kept CCA flush, helping the company net some $1.7 billion in 2010. And with the Obama administration deporting undocumented immigrants in record numbers, the demand for building and operating immigration detention facilities has never been greater.
The case against CCA is strong. In 2009, a spate of allegations of sexual abuse at the CCA-run Otter Creek Correctional Facility in Kentucky prompted Hawaii officials to remove the 168 female inmates it was housing there. Last year, the ACLU of Texas sued CCA after an officer at one of its units was accused of allegedly sexually abusing several immigration detainees. And in 2011, reports surfaced of horrific violence at a CCA facility in Idaho, which inmates had dubbed the "Gladiator School."
E-mails obtained by the American Independent suggest that CCA appears to have been keenly aware of the negative perception surrounding its projects, and sought to reassure Crete officials from the outset. Representatives of both parties regularly traded links to news stories and PDFs of protest pamphlets and fliers, in an effort to track the rising tide of opposition to the facility.
http://articles.latimes.com/1999/dec/28/business/fi-48285The move to conserve cash came as new investors--Blackstone Group, Fortress Investment Group and a unit of Bank of America--agreed to a $350-million infusion. Credit Suisse First Boston and Lehman Bros. Holdings Inc. also arranged a new $1.2-billion credit line. Proceeds will be used to replace an existing $1-billion loan and finance operations for the company, which will be renamed Corrections Corp. of America.
As a condition of the new investments, Prison Realty's chairman and chief executive, Doctor R. Crants, who co-founded the Nashville-based company in 1983, quit as chairman immediately and will relinquish the CEO post when the transaction is completed, probably in the second quarter of next year. He will become vice chairman of the company.
Crants' son, Robert Crants III, who was president of Prison Realty, will also resign effective immediately. His interim replacement is J. Michael Quinlan, president and COO of Corrections Corp.
Another blow came in May, when the company disclosed it would increase the fees it pays to the affiliated prison-management company owned by Crants to keep that company afloat. Analysts estimates that could cost the company another $90 million a year.
In the transaction, the investor group agreed to purchase $315 million in securities from the company. The group will buy an additional $35 million in securities in a newly configured company to be created through the merger of Prison Realty and the companies collectively operating under the name Corrections Corp. of America, which managed prisons it leased from Prison Realty.
the new credit line "has more favorable terms," than the one it replaces, "reflecting the lending community's renewed confidence" in the company, according to Beasley.
The existing loan was split into a $400-million revolving credit, due Jan. 1, 2002, as well as a $250-million term loan and a $350-million term loan due Dec. 31, 2002.
Formerly known as Corrections Corp. of America, Prison Realty owns 51 prisons in 18 states, the District of Columbia and Britain.
Fortress is a New York-based real estate investment company formed in April 1998. The group manages about $760 million, primarily invested in real estate both here and abroad.
3rd quarter 1999, with sublet: 11.8%
Note: Net absorption reflects the gain in rented space. Vacancy rate is the total vacant square footage divided by total rentable square footage in all existing buildings. Sublet space is space rented by primary tenants that is vacant and available for sublease.
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Lwkr, Inc.
Lwkr, Inc. has a location in Ooltewah, TN. Active officers include John Maynord,Frank Madonia, Jeffrey I Badgley and John Maywood. Lwkr, Inc. filed as a Foreign For-Profit Corporation on Friday, September 05, 1997 in the state of Tennesseeand is currently active.
Filings: | Foreign For-Profit Corporation (TX - Active) |
Source: | Texas Secretary of State last refreshed 10/27/2011 |
Company Reports from Dun & Bradstreet |
Associated Businesses1.Ccasx Inc
Available
Houston, TX
Ooltewah, TNFrank Madonia
(VICE PRESIDENT)
John Maynord
(PRESIDENT)
John Maynord
(TREASURY)
- Hometown Threads Llc
- Hometown Threads Llc
- Digital Fuel Technologies Inc
- Fat Franks Chicago Style Hot Dogs Llc
- Proguard International Inc
- Global Mortgage Funding Inc
- Heritage Guaranty Mortgage Corporation
- Means Unlimited Enterprises Llc
- Means Unlimited Enterprises Llc
- Scooters In Motion Llc
- Jos Family Apartments Llc
- Jos Family Apartments Llc
- Squared Orve Llc
- Squared Orve Llc
- Critical Mass U S Inc
- J Skoreyko Compliance Solutions Inc
- Texasmexico Frozen Food Council
- Chenega Technology Services Corporation
- Chenega Management Llc
Available
Kerrville, TX
Ooltewah, TNFrank Madonia
(VICE PRESIDENT)
John Maynord
(PRESIDENT)
John Maynord
(TREASURY)
- Digital Fuel Technologies Inc
- Corporate Renovations Inc
- Critical Mass U S Inc
- Texasmexico Frozen Food Council
- Chenega Technology Services Corporation
- Asrc Management Services Inc
- Asrc Aerospace Corp
- Asrc Airfield And Range Services Inc
- Clearlinx Design Inc
- A E S Mechanical Services Group Incorporated
- Building Earth Sciences Inc
- Edmonds Engineering Inc
- Brown Brothers Construction Llc
- Nevicia Associates Llc
- Avocent Services Corporation
- Cowin Company Inc Mining Engineers And Contra
- American Tank And Vessel Inc
- Cadillac Amusement Company Inc
- Burch Corporation
Available
4.Cca Properties Of America Llc
Available
5.Corrections Corporation Of America
Available
Denver, CO
Nashville, TN
- Transcor America, Llc
- Cca Properties Of America, Llc
- Us Corrections Corporation
Available
Baton rouge, LA
Nashville, TN
7.Cca I, Inc
Available
Hermitage, TNGeorge S Hastings
(REGISTERED AGENT)
- Huntingdon Securities Corporation
- Circle Creek Aquaculture, Lp
- Circle Creek Aquaculture Ii, Lp
- Circle Creek Aquaculture Iii, Lp
- Circle Creek Aquaculture Iv, Lp
- Circle Creek Aquaculture V, Lp
- Circle Creek Aquaculture Vi, Lp
Available
Hermitage, TNGeorge S Hastings
(REGISTERED AGENT)
- Huntingdon Securities Corporation
- Circle Creek Aquaculture, Lp
- Circle Creek Aquaculture Ii, Lp
- Circle Creek Aquaculture Iii, Lp
- Circle Creek Aquaculture Iv, Lp
- Circle Creek Aquaculture V, Lp
- Circle Creek Aquaculture Vi, Lp
Available
Hermitage, TNGeorge S Hastings
(REGISTERED AGENT)
- Huntingdon Securities Corporation
- Circle Creek Aquaculture, Lp
- Circle Creek Aquaculture Ii, Lp
- Circle Creek Aquaculture Iii, Lp
- Circle Creek Aquaculture Iv, Lp
- Circle Creek Aquaculture V, Lp
- Circle Creek Aquaculture Vi, Lp
Available
Hermitage, TNGeorge S Hastings
(REGISTERED AGENT)
- Huntingdon Securities Corporation
- Circle Creek Aquaculture, Lp
- Circle Creek Aquaculture Ii, Lp
- Circle Creek Aquaculture Iii, Lp
- Circle Creek Aquaculture Iv, Lp
- Circle Creek Aquaculture V, Lp
- Circle Creek Aquaculture Vi, Lp
Available
Dallas, TX
Nashville, TNWilliam F Andrews
(DIRECTOR)
Kenneth A Bouldin
(DIRECTOR)
John D Ferguson
(PRESIDENT)
John D Ferguson
(DIRECTOR)
John D Ferguson
(CHAIRMAN OF BOARD OF DIRECTORS)
John D Ferguson
(CHIEF EXECUTIVE OFFICER)
John D Ferguson
(CHAIRMAN)
David M Garfinkle
(DIRECTOR)
Irving E Lingo
(SECRETARY)
Irving E Lingo
(DIRECTOR)
- Transcor America, Llc
- Cca Properties Of America, Llc
- Us Corrections Corporation
- Corrections Corporation Of America
- Corrections Corporation Of America
- Cca Properties Of America, Llc
- Corrections Corporation Of America
- Corrections Corporation Of America
- Cca Of Tennessee, Inc
Available
Dallas, TX
Nashville, TN
- Transcor America, Llc
- Cca Properties Of America, Llc
- Us Corrections Corporation
Available
Glen allen, VA
Nashville, TN
- Transcor America, Llc
- Cca Properties Of America, Llc
- Us Corrections Corporation
Available
Baltimore, MD
Nashville, TN
- Transcor America, Llc
- Cca Properties Of America, Llc
- Us Corrections Corporation
rs/Agents | Associated Businesses | |||||
---|---|---|---|---|---|---|
1. | Transcor America Llc | Available | ||||
2. | Transcor America Llc | Available | Available | |||
3. | Transcor America Llc | Available | Available | Nashville, TN | Sharon Johnson Rion (PRESIDENT) |
|
4. | Transcor America Llc | Available | Dallas, TX Nashville, TN | John D Ferguson (DIRECTOR) John D Ferguson (CHAIRMAN) John D Ferguson (CHIEF EXECUTIVE OFFICER) |
| |
5. | Transcor America Llc | Available | Available | |||
6. | Transcor America Llc | Available | ||||
7. | Transcor America Llc | Available | ||||
8. | Transcor America Llc | Available | Available | |||
9. | Transcor America Llc | Available | ||||
10. | Transcor America Llc | Available | ||||
11. | Transcor America Llc | Available | ||||
12. | Transcor America Llc | Available | ||||
13. | Transcor America Llc | Available | ||||
14. | Transcor America Llc | Available | ||||
15. | Transcor America Llc | Available | ||||
16. | Transcor America Llc | Available | ||||
17. | Transcor America Llc | Available | ||||
18. | Transcor America Llc | Available | ||||
19. | Transcor America Llc | Available | ||||
20. | Transcor America Llc | Available | ||||
21. | Transcor America Llc | Available | ||||
22. | Transcor America Llc | Available | ||||
23. | Transcor America Llc | Available | ||||
24. | Transcor America Llc | Available | ||||
25. | Transcor America Llc | Available | ||||
26. | Transcor America Llc | Available | ||||
27. | Transcor America Llc | Available | Nashville, TN | Darrell K Massengale |
| |
28. | Transcor America Llc | Available | Louisville, KY Nashville, TN | Sharon Johnson Rion |
| |
29. | Transcor America Llc | Available | ||||
30. | Transcor America Llc | Available | ||||
31. | Transcor America Llc | Available | ||||
32. | Transcor America Llc | Available | ||||
33. | Transcor America, Llc | Available | Juneau, AK Nashville, TN |
| ||
34. | Transcor America, Llc | Available | Montgomery, AL Nashville, TN | |||
35. | Transcor America, Llc | Available | Little rock, AR Nashville, TN | |||
36. | Transcor America, Llc | Available | Nashville, TN | Sharon Johnson Rion (GENERAL PARTNER) |
| |
37. | Transcor America, Llc | Available | Denver, CO Nashville, TN | |||
38. | Transcor America, Llc | Available | Franklin, TN Nashville, TN | Patrick Michael Mckinney (CHIEF MANAGER) |
| |
39. | Transcor America, Llc | Available | Nashville, TN | Patrick M Mckinney (MANAGER) |
| |
40. | Transcor America, Inc | Available | Cocoa, FL Nashville, TN | Larry Coates (VICE PRESIDENT) Jrjohngziedt (PRESIDENT) |
| |
41. | Transcor America, Llc | Available | Honolulu, HI Nashville, TN | |||
42. | Transcor America, Llc | Available | Des moines, IA Nashville, TN |
| ||
43. | Transcor America, Llc | Available | Boise, ID Nashville, TN | |||
44. | Transcor America, Llc | Available | Nashville, TN |
| ||
45. | Transcor America, Llc | Available | Baton rouge, LA Nashville, TN | |||
46. | Transcor America, Inc | Available | Boston, MA Brentwood, TN Nashville, TN | Darrell K Massengale (SECRETARY) John G Zierdt (PRESIDENT) | ||
47. | Transcor America, Llc | Available | Boston, MA Nashville, TN | |||
48. | Transcor America, Llc | Available | Minneapolis, MN Nashville, TN | |||
49. | Transcor America, Inc | Available | Flowood, MS Nashville, TN | R Crants (CHAIRMAN) R Crants (DIRECTOR) Darrell K Massengale (SECRETARY) Darrell K Massengale (DIRECTOR) David L Myers (DIRECTOR) John Zierdt (PRESIDENT) John Zierdt (DIRECTOR) |
| |
50. | Transcor America, Llc | Available | Flowood, MS Nashville, TN | Darrell K Massengale |
|
1.Corrections Corporation Of America
Available
Denver, CO
Nashville, TN
2.Prison Realty Management, Inc
Available
Knoxville, TN
Nashville, TN
- Transcor America, Llc
- Cca Properties Of America, Llc
- Us Corrections Corporation
Available
Baltimore, MD
Nashville, TN
- Transcor America, Llc
- Cca Properties Of America, Llc
- Us Corrections Corporation
Available
Brentwood, TN
Phoenix, AZ
Wilmington, DEDarrell K Massengale
(PRESIDENT / CEO)
Brent Turner
(SECRETARY)
- Concept Incorporated
- Corrections Corporation Of America
- Corrections Corporation Of America
- 1413 Development Corp, Llc
- Corrections Partners, Inc
- Correction Management Affiliates, Inc
- Corrections Partners, Inc
http://www.pharosfunds.com/
With so many great things taking place at Pharos Capital Group, you need a place to see the press we get and stay informed. Be sure to visit our impressive news area, and return frequently so you don't miss a thing.
With so many great things taking place at Pharos Capital Group, you need a place to see the press we get and stay informed. Be sure to visit our impressive news area, and return frequently so you don't miss a thing.
Crants' son, Robert Crants III, who was president of Prison Realty, will also resign effective immediately. His interim replacement is J. Michael Quinlan, president and COO of Corrections Corp.
The restructuring is a turnabout for the company, which Crants turned into a REIT in April 1998. Shareholders protested that plan, which took the company from a high-growth prison operator, whose shares had jumped about 90% a year between 1993 and 1997, to a slow-growth but high-dividend-paying real estate company.
Crants defended the move, saying with the economy so strong, state governments had little incentive to hand over the management of prisons to private operators. Instead, the future was in building and owning prisons for states.
Robert Crants
From Wikipedia, the free encyclopedia
Robert Crants is a managing partner and co-founder of Pharos Capital Group, LLC with Michael Devlin and Kneeland Youngblood. He has been involved with private equity investments for fifteen years after graduating summa cum laude from Princeton University with a degree in Economics.
Before founding Pharos, Bob Crants was involved with Goldman Sachswhere he worked with Michael Devlin. He was a founding member of the Special Investments Group where he helped develop and market equity derivative products, exchange funds, merchant bankking funds, and more, totalling over 6 billion in funds raised. In appreciation of his work with Goldman Sachs, he received the Goldman Sachs Banking Division Innovation Award in 1993.
While working with Pharos Capital, he and Michael Devlin conceived the idea to raise money for the Louisiana Education Assistance Fund in order to help post-Katrina education and rebuilding effort.
[edit]
Detail | |||
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1999 Annual Report Due 04/01/2000 | 03/20/2000 | 3856-3212 | |
Merger - Non-Survivor | 03/17/2000 | 3856-0120 | Detail |
Merged Control # Changed From:000308426 | |||
1998 Annual Report Due 04/01/1999 | 03/04/1999 | 3639-2281 | |
1998 Annual Report Due 07/01/1998 | 03/19/1998 | 3475-0622 | Detail |
Fiscal Year Close Changed | |||
Articles of Amendment | 12/30/1997 | 3428-1491 | Detail |
Principal Address Changed Registered Agent Physical Address Changed | |||
1997 Annual Report Due 07/01/1997 | 04/24/1997 | 3331-1597 | |
Initial Filing | 03/04/1996 | 3127-3566 |
Person | Phone | Address | City, State | Possible Employers / Business Afilliations | |
---|---|---|---|---|---|
1. | Doctor Robert Crants Associated names: R Crants R D Crants Doctor R Crants Robert Crants | Available | Nashville, TN Wilmington, DE Flowood, MS | Florida Homeland Security Corp Homeland Security Airports Llc Homeland Security Corporation Homeland Security Corporation Homeland Security Corporation Homeland Security Corporation Homeland Security Corporation Satellite Tracking Of People Llc Cca Of Tennessee, Inc Concept Incorporated - Overton Concept Incorporated - Overton Concept Incorporated - Overton Correction Management Affiliates, Inc Correctional Services Group, Inc Corrections Corporation Of America Corrections Corporation Of America Corrections Corporation Of America Corrections Corporation Of America | |
2. | R Crants | Nashville, TN | Homeland Security Corporation Correction Management Affiliates, Inc Corrections Corporation Of America Corrections Corporation Of America Corrections Corporation Of America Corrections Corporation Of America Corrections Corporation Of America Corrections Partners, Inc Corrections Partners, Inc Homeland Security Corporation Homeland Security Corporation | ||
3. | R Crants | Corrections Corporation Of America | |||
4. | R Crants | Bellevue, WA | Transcoastal Mortgage Corp | ||
5. | R Crants | Nashville, TN | Cca Prison Realty Trust | ||
6. | R Crants | Nashville, TN | Homeland Security Corporation | ||
7. | R Crants | Nashville, TN NASHVILLE, TX | Corrections Corporation Of America | ||
8. | R Crants | Nashville, TN | Belle Meade Discount Liquors, Inc | ||
9. | R Crants | Brentwood, TN Nashville, TN | Brentwood Communications Company | ||
10. | R Crants | Nashville, TN | Fayetteville Communications Company | ||
11. | R Crants | Nashville, TN | Daytona Beach Family Television, Inc | ||
12. | R Crants | Nashville, TN | Starview Distributing Company | ||
13. | R Crants | Nashville, TN | Richardson Family Television, Inc | ||
14. | R Crants | Television Consultants Corp | |||
15. | R Crants | Nashville, TN | Belle Meade Broadcasting, Inc | ||
16. | R Crants | Nashville, TN | Corrections Corporation Of America | ||
17. | R Crants | Nashville, TN | Corrections Corporation Of America | ||
18. | R Crants | Nashville, TN | Corrections Corporation Of America | ||
19. | R Crants | Nashville, TN | Homeland Security Corporation | ||
20. | Robert James Crants | Available | Helena, MT Atlanta, GA | Helena Lodge #193 Of The Benevolent And Protective Order Of Elks | |
21. | Robert D Crants | Nashville, TN | Smartdm Holdings, Inc | ||
22. | Robert Crants | Nashville, TN | Us Corrections Corporation |
Associated Businesses | ||||||
---|---|---|---|---|---|---|
1. | Corrections Corporation Of America | Available | Boston, MA Nashville, TN Nashville, TX | R Crants (PRESIDENT) Gregory K Mccullough (TREASURER) |
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2. | Corrections Corporation Of America | Available | Dallas, TX Nashville, TN | Donna M Alvarado (DIRECTOR) William F Andrews (DIRECTOR) Lucius E Burch (DIRECTOR) John D Correnti (DIRECTOR) Dennis W Deconini (DIRECTOR) John D Ferguson (DIRECTOR) John R Horne (DIRECTOR) Thurgood Marshall (DIRECTOR) Charles L Overby (DIRECTOR) John R Prann (DIRECTOR) |
| |
3. | Corrections Corporation Of America | Available | Houston, TX | |||
4. | Corrections Corporation Of America | Available | Austin, TX Nashville, TN |
| ||
5. | Corrections Corporation Of America | Available | Nashville, TN | William F Andrews (DIRECTOR) Lucius E Burch (DIRECTOR) John D Correnti (DIRECTOR) John D Ferguson (PRESIDENT) John D Ferguson (CHIEF EXECUTIVE OFFICER) John D Ferguson (CHIEF FINANCIAL OFFICER) John D Ferguson (DIRECTOR) David Garfinkle (VICE PRESIDENT) C Michael Jacobi (DIRECTOR) Irv Lingo (CHIEF FINANCIAL OFFICER) |
| |
6. | Corrections Corporation Of America | Available | Dallas, TX Nashville, TN | James Ball (VICE PRESIDENT) Dennis Bradby (VICE PRESIDENT) Lucius Burch (DIRECTOR) Linda G Cooper (VICE PRESIDENT) R Crants (DIRECTOR) R Crants (VICE CHAIRMAN) R Crants (CHIEF EXECUTIVE OFFICER) Jean Pierre Cuny (DIRECTOR) Stephen Haley (VICE PRESIDENT) Susan Hart (VICE PRESIDENT) |
| |
7. | Corrections Corporation Of America | Available | Nashville, TN |
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