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Security Capital Group Incorporated history
Security Capital Group Incorporated company history timeline
Through his Santa Fe-based Security Capital Group Inc., Sanders formed Security Capital Industrial Trust (SCI) in 1991.
Security Capital Industrial Trust (SCI) began operations in 1991.
With the global economy recovering from recession in 1992, Capital launched its first private equity fund.
In 1993 Security Bank was the second-largest thrift institution in the state of Wisconsin and the largest in the city of Milwaukee.
In 1993 Security formed the Security Capital Corporation as the holding company to execute its conversion from a mutual thrift to a public company.
1994: Security Capital goes public on the New York Stock Exchange.
A new retail banking division was formed in 1994 to link its 42 branch offices into a network of full-service financial service centers offering everything from traditional home and home equity loans to commercial, real estate, and educational loans as well as investment services and life insurance.
Nationally, it ranked 13th among all United States state-chartered savings institutions in 1995, and its holding company, Security Capital Corporation, ranked 177th among all United States bank holding companies.
Security's predictions of the renewed growth made possible by the stock conversion seemed to be borne out as early as 1995 when it reported that its net income had risen to $20.3 million, $2.1 million higher than the year before.
In 1996, Security also settled, for $12 million, a class action suit brought by depositors who claimed that Security's reservation of large blocks of stock to "insiders" prevented them from buying all the stock they wanted.
According to the Journal of Commerce, SCI's target market was the thousand top companies with global distribution. It made another cool purchase in December 1997, buying Continental Freezers of Illinois.
The June 1998 purchase of Hatfield, Pennsylvania-based Rosenberger Cold Storage Cos. increased SCI's cold holdings by 27 percent, reported the Denver Post.
In December 1998, ProLogis agreed to pay $317 million for Garonor S.A., which owned five million square feet of warehouse space in France.
Continuing Expansion Beyond 2000
2001: ProLogis enters the Japanese market.
Annual revenues rose 15 percent from $523 million to $679 million in 2002.
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Security Capital Group Incorporated competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| EastGroup Properties, Inc. | - | $640.2M | 72 | 2 |
| Oak Financial Services Ltd | - | $6.6M | 100 | - |
| Consolidated Investment Group | 1999 | - | 100 | 8 |
| Kennedy Wilson | 1977 | $531.4M | 530 | 6 |
| Summit Partners | 1984 | $300.0M | 5 | 2 |
| CW Capital LLC | 1972 | - | 176 | 1 |
| Babcock & Brown | 1977 | $1.3B | 1,000 | - |
| Granite Investment Group | 1995 | $7.0M | 20 | - |
| Franklin Management Systems | 2003 | $320,000 | 5 | - |
| GWG Holdings | 2006 | $124.4M | 160 | - |
Security Capital Group Incorporated history FAQs
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Security Capital Group Incorporated may also be known as or be related to SECURITY CAPITAL GROUP INC and Security Capital Group Incorporated.