Cinnabar splits

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The Cinnabar Companies, which encompassed Cinnabar Environmental Services and Cinnabar Service Company, are apparently no longer under common ownership and no longer under a common name.

Cinnabar Service Company, which handles property acquisition for government and which once was the contractor for the Tulsa International Airport's noise abatement program, is still under the same management team, including chairman Bill Bacon and president Bob Parmele. Bacon and Parmele are partners with homebuilder Howard Kelsey in Infrastructure Ventures, Inc., the company which had a sweetheart deal with Tulsa County and now has one with the City of Jenks for the franchise to a toll bridge across the Arkansas River at Yale Ave. Parmele is also a former member of the Tulsa County Public Facilities Authority, better known as the Fair Board.

Cinnabar Environmental Services is now owned by Derek Blackshare and is now called Blackshare Environmental Solutions. BES should benefit from no longer carrying the luggage of the name Cinnabar, which is associated with shoddy and overpriced work on the noise abatement program and the insider deal to lease a governmental body's power of eminent domain in order to generate hundreds of millions in revenues by means of a toll bridge.

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D.Schuttler said:

But how much ownership does the "Cinnabar Holding Company" still have in the new named company? Parmele and Bacon are "CHC" and "CHC" was a minority owner in CES.

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This page contains a single entry by Michael Bates published on March 12, 2007 8:40 PM.

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