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By Nikki Cabus

ZimVie Completes Sale of Spine Business to an Affiliate of H.I.G. Capital for $375 Million Establishes Pure-Play Dental Business

Read Time 3 Minutes

ZimVie Inc. (Nasdaq: ZIMV), a global life sciences leader in the dental market, announced that it has closed the previously communicated sale of its Spine business to an affiliate of H.I.G. Capital for $375 million in total consideration, including $315 million in cash and a $60 million promissory note.

ZimVie is a global life sciences leader in the dental market that develops, manufactures, and delivers a comprehensive portfolio of products and solutions designed to support dental tooth replacement and restoration procedures. From its headquarters in Palm Beach Gardens, Florida, and additional facilities around the globe, ZimVie works to improve smiles, function, and confidence in daily life by offering comprehensive tooth replacement solutions, including trusted dental implants, biomaterials, and digital workflow solutions. As a worldwide leader in this space, ZimVie is committed to advancing clinical science and technology foundational to restoring daily life.

“The completion of the sale of our Spine business is the culmination of months of partnership with H.I.G. Capital and years of commitment from our global Spine team members; I would like to thank everyone for their immense contributions,” said Vafa Jamali, President and Chief Executive Officer.

“I could not be more excited for the future of our company as we continue to invest in differentiated solutions for Dental patients and providers in our most attractive end markets, while optimizing our structure to deliver value for our shareholders.”

Under the terms of the agreement, ZimVie will receive $375 million in total consideration, comprised of $315 million in cash, subject to certain customary adjustments as set forth in the agreement, and $60 million in the form of a promissory note that will accrue interest at a rate of 10% per annum, compounded semi-annually, payable in kind, subject to a maturity no later than five and a half years from today’s closing.

As previously communicated, ZimVie expects to achieve an annualized financial profile of $455+ million in Net Sales, and a 15%+ adjusted EBITDA margin(1) one year following the close of the deal. ZimVie intends to immediately pay down $275 million of outstanding debt, leaving total debt of approximately $234 million, and estimated cash of approximately $66 million as of April 2, 2024. (1) This is a non-GAAP financial measure for which a reconciliation to the most directly comparable GAAP financial measure is not available without unreasonable efforts.

Globally, ZimVie trained 100,000+ dental professionals across its six institutes and virtual programs in 2024. Almost a year ago, ZimVie opened the newest of its ZimVie Institute locations right here in South Florida located in Palm Beach Gardens. ZimVie Institute South, features over 11,000 sq. ft of dedicated education and training space, with state-of-the-art facilities offering life-like simulated patient models, a cadaver lab, and fully integrated digital workflow with 3D printing capabilities, REALGUIDE Software, and a mill.

ZimVie’s newest facility expands its Institute model to allow the company to host cadaver and simulation courses that teach advanced surgical and restorative techniques for full mouth reconstructions. It also hosts comprehensive training events on everything from practice management to digital workflow training using ZimVie’s RealGUIDE software. Located at ZimVie Dental’s headquarters, the facility is also home to product manufacturing, allowing Institute guests the opportunity to see firsthand where and how ZimVie products are made.

For more info on ZimVie, please visit

By Nikki Cabus

Revere Payments is moving its headquarters from Las Vegas to Palm Beach Gardens creating 100 jobs

Read Time 3 Minutes

Revere Payments just announced that the company will be relocating its headquarters from Las Vegas, Nevada to Palm Beach Gardens, Florida.

In collaboration with the Business Development Board of Palm Beach County (BDB), Revere made an exciting announcement stating that this move will result in the creation of 100 new job opportunities within the next three years.

Revere Payments is currently in a temporary location at Venture X Palm Beach Gardens, but planning to settle into a state-of-the-art 3,800 sq. ft. build-to-suit facility, scheduled for completion in November 2023. Their new location was the former headquarters of the PGA Tour at 100 Avenue of Champions. This relocation represents a significant multi-million-dollar capital investment for Palm Beach County.

Revere Payments is a Christian fintech company that offers a wide range of payment technology solutions for businesses in a variety of industries, including e-commerce, retail, restaurant, firearms, religious, political, CBD, and non-profit. The company uses the same innovative technology as its parent company, Metrics Global, to bring seamless, secure online payments to any industry. Revere is recruiting payments industry professionals. Revere specializes in secure payment processing, handling credit, debit, and bank-to-bank transactions.

During the process of relocating, Revere Payments collaborated with the Business Development Board (BDB) to establish connections with CareerSource Palm Beach County, as well as local colleges and universities. The BDB will continue to provide support to Revere Payments as it approaches the planned move-in date in the fourth quarter.

“Revere Payments protects our clients’ freedom to do business while providing them with best in class payment solutions and white glove service. It makes perfect sense that we would make our home in the beautiful, thriving Palm Beaches area,” said founder and CEO Wendy Kinney. “We feel so blessed by the warm welcome we have received so far and look forward to growing Revere Payments here and contributing to this wonderful community.”

“The City of Palm Beach Gardens is happy to welcome the corporate headquarters of Revere Payments as the newest addition to this area’s business hub. The company will provide new jobs for local residents and will continue to create a positive impact as it grows,” said Mayor Chelsea Reed, City of Palm Beach Gardens.

Kelly Smallridge, the President and CEO of the Business Development Board of Palm Beach County (BDB), expressed her enthusiasm for Revere Payments’ decision to relocate to the City of Palm Beach Gardens. She deemed it an outstanding choice and anticipates a promising future with numerous opportunities for the county. Given the presence of more than 500 corporate headquarters in Palm Beach County, Revere Payments is expected to flourish within the fintech sector.

The Business Development Board of Palm Beach County is the official public/private economic development organization for Palm Beach County and Enterprise Florida. Founded in 1982 as a not-for-profit corporation, our primary purpose is to attract and retain new industry, business investment, high quality jobs and workforce development through corporate relocations, expansions and international trade. During the past five years, the BDB has assisted more than 140 companies that have created or retained more than 13,110 direct jobs with average salaries greater than $80,000, resulting in more than $1.12 billion in capital investment to Palm Beach County.

To learn more about Rever Payments, visit

By Nikki Cabus

Two big announcements for Palm Beach Gardens-based TBC Corporation; new CEO and divest Tire Kingdom Businesses

Read Time 4 Minutes

TBC Corporation (“TBC”), one of North America’s leading providers of mobility solutions, announced that it has entered into an agreement to divest its company-owned retail portfolio to Mavis Tire Express Services Corp. (“Mavis”).

For more than 65 years, TBC Corporation has been a company ahead of the curve. In 1956, TBC Corporation began as Cordovan Associates — a small purchasing group of tire retailers in Dayton, Ohio. Through worldwide operations spanning wholesale, retail, and franchise, TBC provides customers best-in-class brands, supply chain as a service, and automotive maintenance and repair services with the underlying mission to exceed customer expectations. TBC serves wholesale customers in the United States, Canada, Mexico, Latin America, Middle East and Europe through TBC Brands, NTW, TBC International, and TBC de Mexico.

Additionally, TBC responds to the needs of individual consumers and fleet customers alike in search of total car care at more than 2,000 franchised and company-operated tire and automotive service centers nationally under the brands NTB, Tire Kingdom, Big O Tires and Midas.

In connection with the transaction, through which Mavis will acquire 392 NTB Tire and Service Centers (NTB) and 203 Tire Kingdom Service Centers (Tire Kingdom), Mavis and TBC have entered into a distribution agreement, through which TBC will provide wholesale and tire distribution for Mavis retail locations. Financial terms of the transaction are not being disclosed.

The 595 NTB and Tire Kingdom stores Mavis is acquiring are in Florida and Texas, as well as other states in the mid-Atlantic, Midwest and South. Upon close of the transaction, Mavis’s retail footprint across all of its brands will span approximately 2,000 locations, including the 112 NTB stores acquired by Mavis from TBC in 2020. All NTB and Tire Kingdom retail store and retail field management associates will have the opportunity to continue their careers with Mavis.

“The announcement represents a significant milestone in the continued acceleration of Mavis’s growth strategy, enabling us to deepen our presence in existing markets and expand our Mavis brand into new markets throughout the Midwest, mid-Atlantic and in Texas,” said Stephen Sorbaro, Co-Chief Executive Officer, Mavis Tire Express Services Corp. “We have a strong working relationship with TBC and a history of successfully integrating NTB locations into our platform, and we look forward to partnering with them again to welcome the talented NTB and Tire Kingdom teams to the Mavis family.”

Kato added, “It was important to us to identify a buyer with an exceptional people-centric culture that aligns with our company values. From our long-term partnership with Mavis, we are confident they are well-positioned to accelerate growth in the NTB and Tire Kingdom businesses as they continue to invest in expanding Mavis’s national footprint.”

The transaction is expected to close in the coming weeks.


“As we execute our growth plans and strategies, we continuously analyze the assets in our portfolio and periodically fine tune them to drive superior performance in our core focus areas,” said Sam Kato, President and Chief Executive Officer, TBC Corporation.

“Divesting our company-owned retail business allows us to focus and strengthen our wholesale business, pursue growing our distribution and ‘supply chain as a service’ solutions, while bolstering our market-leading Midas and Big O Tires franchise businesses. We have never been in a stronger position to offer best-in-class solutions that address a full range of customer priorities while driving innovation and long-term sustainable growth.”

Kato, who served as TBC’s chief administrative officer for the last two years, was announced as the new President and CEO just this month. Kato replaces Laurent Bourrut who is retiring after completing his assignment to position the company for strategic growth amid the evolution of the tire industry. Bourrut will remain an executive advisor to Kato and TBC.

Kato is a veteran of global automotive businesses for more than 30 years. He served as a director of the board of TBC Corporation from 2015 until 2018 when he was leading Sumitomo Corporation of Americas transportation businesses. Kato was an instrumental part of the Sumitomo leadership team that formed a strategic 50/50 joint venture with Michelin North America, Inc., in 2018 to create the current TBC Corporation. As TBC’s first chief administrative officer, Kato maintained responsibility for legal and compliance, human resources, IT, digital, corporate strategy and communications.

His appointment by the TBC Board of Directors to president and chief executive follows a strategic plan developed in collaboration with Bourrut.

Prior to his appointment as president and chief executive officer of TBC, Bourrut worked at Michelin for nearly 14 years in various roles of increasing responsibility culminating as executive vice president in charge of the worldwide road transport and distribution business lines, as well as operations of the European Region. He also served as a member on the Groupe Executive Committee.


By Nikki Cabus

Learn to code at Palm Beach Code School

Read Time < 1 Minute

Palm Beach Code School has a few spots open for their next Web Developer Program, which starts on Monday, February 29, 2016. The class meets on Monday and Wednesday evenings from 6:30 to 10:00 pm for 16 weeks at their training facility located at 8895 North Military Trail, Bldg B, Suite 303, Palm Beach Gardens, FL 33410. They are at the SW corner of the Northlake Blvd/Military Trail intersection (behind the Shell station).

If you’re interested, call or email them to schedule an interview and tour of the school. They’ll show you the facility, discuss their training programs and give you an information packet with tuition, enrollment information, payment plans, internships and job placement assistance. There is no cost or obligation.

PBCS offers a “hands-on, learn-by-doing” training program that teaches students the foundational coding languages and technologies while preparing them for careers as Web Developers…all at an affordable tuition.

Students learn in small group classes taught by experienced programming experts in an innovative, state-of-the-art facility. Beginners are welcome.

More information here…


The mission of The Palm Beach Code School is to teach students the fundamentals of computer science incorporating the languages, frameworks and technologies necessary to prepare graduates for employment in emerging technical and creative fields.

Specific emphasis on HTML, CSS, Javascript, PHP, jQuery, MySQL and other foundational skills will be taught together in a hands-on, learn-by-doing atmosphere. The small class size combined with high quality teaching by industry professionals will ensure a quality education.

Students will have the opportunity to demonstrate mastery and competence by building a web application for their Capstone project at the end of the course.

ZimVie Completes Sale of Spine Business to an Affiliate of H.I.G. Capital for $375 Million Establishes Pure-Play Dental Business
Revere Payments is moving its headquarters from Las Vegas to Palm Beach Gardens creating 100 jobs
Two big announcements for Palm Beach Gardens-based TBC Corporation; new CEO and divest Tire Kingdom Businesses
Learn to code at Palm Beach Code School