Business

CenterOak Partners Invests to Form Leading Residential HVAC Maintenance and Repair Company

Published

6 years ago

May 16, 2019

DALLAS – CenterOak Partners has announced that it has entered into a partnership with Service Champions in combination with Moore Home Services. With this, it has become a part of the combined leading provider of home maintenance and repair services across Southern and Northern California. Although the terms of the transaction have not been revealed, CEO Leland Smith expressed that he will be the leader of the newly combined company. Also, he said that he will possess a significant ownership stake in the newly formed company.

The companies, Service Champions, and Moore Home Services have created the largest HVAC contractors by merging with each other. Both companies have become popular by proving excellent services related to residential heating and air conditioning repair and replacement, solar and electrical services. It is due to the professionalism in their work that these two companies enjoy a customer base of over 21,000 active club members. Similarly, AC Repair in Fayetteville NC is another such unit which has been known for providing excellent service to its clients.

Randall Fojtasek, managing partner of CentreOak expressed his excitement to partner with Leland and his team who would lead the new business in the near future. With the combination of Service Champions and Moore Home Services, a leading provider of 100% maintenance and repair services has emerged in the market. Also, he revealed that the company would grow well on both organic as well as strategic acquisitions. Many other companies such as Honest Air Fayetteville NC has also done excellent work and gained popularity among its customers.

Leland Smith, the CEO of Service Champions also expressed his happiness on a partnership with CentreOak. He showed his trust in the strategic approach of CentreOak and said that its experience would come handy in helping their residential service to grow. Also, Leland said that CenterOak will bring resources as well as resources to ensure the growth of the combined entity.

Business

Black Banx Group — Third Quarter 2025 Results

Published

53 mins ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.