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Avalon Document Services acquires Ohio firm, adds two offices
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St. Joseph’s Physicians to close The Women’s Place
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Hiscock & Barclay promotes Kelepurovski to partner
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Buffalo Bills sign up ADMAR as official construction-equipment supplier
DeWITT — The Buffalo Bills of the National Football League have reached an agreement that designates ADMAR Supply Company as the team’s “official construction-equipment supplier.” ADMAR, based near Rochester, describes itself as the “largest,” independently owned construction equipment rental and sales company in New York state and northern Pennsylvania Founded in 1972, ADMAR provides aerial-work
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DeWITT — The Buffalo Bills of the National Football League have reached an agreement that designates ADMAR Supply Company as the team’s “official construction-equipment supplier.”
ADMAR, based near Rochester, describes itself as the “largest,” independently owned construction equipment rental and sales company in New York state and northern Pennsylvania
Founded in 1972, ADMAR provides aerial-work platforms, rough-terrain forklifts, excavators, compressors, pumps, generators, concrete solutions and compaction, as well as an extensive service and parts operation.
ADMAR operates a Syracuse–area location in a 15,000-square-foot building at 6014 Drott Dr. in DeWitt, which runs parallel with Interstate 481.
The firm already has an existing partnership with the Bills, supplying a variety of equipment to Ralph Wilson Stadium in Orchard Park and its training camp at St. John Fisher College in the Rochester suburb of Pittsford.
This agreement, which ADMAR announced Feb. 17, will expand that relationship, as the Bills are poised for a $130 million stadium renovation.
A job that big will involve several different types of equipment, says James (Jim) Voegler, branch manager of the ADMAR Supply location in DeWitt.
The equipment involved could include aerial lifts, fork lifts, telescopic fork lifts, demolition equipment, breakers, jackhammers, and air compressors.
“Anything they need for the project … they can pull out of this store if they don’t have it available,” Voegler says.
The Bills asked ADMAR to become a partner with them in a sponsorship level and be their official construction-equipment supplier, says Laurie Robb, director of shared services for The DiMarco Group, ADMAR’s parent company.
When asked if the agreement involved any financial transaction between ADMAR and the Buffalo Bills, Robb declined to comment.
ADMAR views it as an “expansion” of its existing partnership with the Bills, Robb says. The team can call the company “on a day’s notice” and get whatever equipment it needs, as ADMAR works with a shared fleet, she adds.
That means it can get equipment from locations in Buffalo, Rochester, DeWitt, or at ADMAR’s newest location in Erie, Pa., Robb says.
The DeWitt location has 23 full-time employees, Voegler says. ADMAR employs about 200 people at its eight branches in New York and Pennsylvania, Robb adds.
The ADMAR logo gets placement on the ribbon board during games at Ralph Wilson Stadium.
The Ralph Wilson Stadium renovation and improvement project began this past June and includes new technology implementation, a new west-end plaza with a new team store and enhanced gate entries, and renovated and expanded concessions, restrooms, and a training facility.
“ADMAR not only helped us with our training camp construction-equipment needs in [Pittsford], but will play a vital role in the renovation project at Ralph Wilson Stadium in Orchard Park,” Bruce Popko, Bills senior vice president of business development, said in an ADMAR news release.
Contact Reinhardt at ereinhardt@cnybj.com
Investment firms RJR, Rockbridge consolidate accounts
SYRACUSE — Two Syracuse investment-management firms, Rockbridge Investment Management and RJR Associates, Inc., recently announced their agreement to consolidate their accounts to “better serve” their individual and institutional clients. Rockbridge Investment Management, which operates on the 9th floor of the Merchants Commons at 220 S. Warren St. in Syracuse, describes itself as an independent, fee-only
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SYRACUSE — Two Syracuse investment-management firms, Rockbridge Investment Management and RJR Associates, Inc., recently announced their agreement to consolidate their accounts to “better serve” their individual and institutional clients.
Rockbridge Investment Management, which operates on the 9th floor of the Merchants Commons at 220 S. Warren St. in Syracuse, describes itself as an independent, fee-only investment management firm serving individuals and families with an estimated $350 million in assets under management.
RJR Associates, located on the 7th floor at 101 S. Salina St., describes itself as an independent advisory firm serving foundations, endowments, and institutions. It currently serves more than 20 institutional clients and has $450 million in assets under management.
The principals of both firms — Robert Ryan of RJR Associates and Craig Buckhout of Rockbridge Investment — have worked together previously, having formed Disciplined Capital Management in the early 1990s, which eventually evolved into RJR Associates.
The account consolidation between the two firms took effect in early January, but both RJR and Rockbridge continue operating as separate entities, says Buckhout.
The two organizations are now serving “distinctive audiences” where the individual clients that RJR Associates had been serving are now part of the Rockbridge client group, Buckhout says.
“The number of accounts we have assigned to Rockbridge [is] roughly 300,” Ryan says, noting the consolidation increases the number of individual investment accounts at Rockbridge to more than 600.
RJR Associates had been focused on both institutional and individual investment accounts, but Ryan felt the individual accounts deserved more attention than what he could provide.
“You could bring those individuals to Rockbridge where the focus in exclusively on individuals, and I think it does a better job for them,” Ryan says.
And the shift in focus at the investment firms has resulted in a realignment in staffing as well.
Prior to the account consolidation, Rockbridge Investments had eight employees. With the additional individual investment accounts from RJR, the Rockbridge employee count increased to 14, according to Buckhout.
That includes Ryan, who is now serving as chief investment officer at Rockbridge.
“Essentially, everybody that was at RJR Associates is now part of Rockbridge, but RJR Associates continues to exist with a focus on the institutional clients,” Buckhout says.
RJR’s institutional clients include Oswego Health, Roman the Catholic Diocese of Syracuse, and the Syracuse Home Association Foundation, according to the RJR website.
Rockbridge sent four institutional customers to RJR, Buckhout says.
At the same time, Ryan, Buckhout, and two colleagues comprise the employee base at RJR Associates, Buckhout says.
“We have a telephone system where all those people in both offices are tied together,” Buckhout says.
RJR Associates leases its 101 S. Salina St. space from M&T Bank.
Rockbridge Investment Management operates in a 3,700-square-foot space in the Merchants Commons building that it leases from Washington St. Partners, Buckhout says.
Both Buckhout and Ryan declined to disclose the revenue totals their respective investment firms generated in 2013, but indicated that both firms posted revenue increases between 10 percent and 15 percent compared to 2012.
Working together
The consolidation represents the latest chapter of Ryan’s and Buckhout’s working relationship, which dates back to the early 1980s, they say.
Ryan worked as a treasurer and Buckhout as assistant treasurer in their days at Agway where their duties included management of the company’s defined-benefit pension plan.
In 1991, both Ryan and Buckhout left Agway and started a firm that began as Disciplined Capital Management (DCM). At the time, each man had an additional full-time occupation, so a partner focused on DCM, Buckhout says.
Both men returned to DCM near the end of the 1990s. DCM eventually evolved into three separate investment-advisory firms, including DCM, RJR Associates, and AgriInvest, which was the precursor to Rockbridge, Buckhout says.
Then, in 2009, the partners split up the firms.
Buckhout and partner Anthony Farella worked with individual investment clients at Rockbridge, while Ryan worked with individual investment clients and institutional clients at RJR.
That arrangement continued through the end of 2013, Buckhout says.
Contact Reinhardt at ereinhardt@cnybj.com
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