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Oklahoma business briefs for Jan. 24

Oklahoma business briefs for Jan. 24
Published: January 24, 2014

Forum set on tornado claims

— Oklahoma Insurance Commissioner John D. Doak is offering tornado survivors the opportunity to get help with their insurance claims and learn what tax deductions they may be eligible for during a Feb. 4 forum in Moore. The forum will take place at 6:30 p.m. in rooms A & B of the Moore Public Library, 225 S Howard Ave. Agency experts will be on hand to answer questions. The forum also includes a presentation by Todd Pefferman of BKD CPAs & Advisors. He will discuss disaster relief, different types of property loss, insurance reimbursements and loss of tax documentation. He also will explain which homeowners may be eligible for special deductions, how the deductions work and how to calculate storm-related deductions. The forum is co-hosted by the Moore Public Library, which requests that attendees register through the online calendar or by calling (405) 793-4349. Tornado survivors have filed nearly 100,000 insurance claims since May 19, totaling more than $1.1 billion in payments. Those unable to attend the forum are encouraged to call the state Insurance Department at (800) 522-0071 for help with insurance claims.

Wienermobile to visit metro-area

The Oscar Mayer Wienermobile will visit Oklahoma City-area grocery stores to hand out stickers, postcards, and the iconic weenie whistle. On Friday and Saturday, the Wienermobile will be in Norman, visiting the Homeland at 2600 W Robinson on Friday, and the Crest at 2550 Mount Williams Drive on Saturday. Sunday, the Wienermobile will be at Buy For Less, 1104 SE 44, in Oklahoma City. Each visit is from 11 a.m. to 4 p.m.

Thorco announces acquisition

— Tulsa-based Thorco Holdings LLC has been acquired by Y-T Holdco LLC, a company formed in partnership with the management of Thorco by PCP Management Co. and Imperial Private Equity. Thorco, a distributor of pressure control devices, liquid level gauges, analyzers and control valves, was founded in 1929 and has locations in Borger, Texas; Santa Fe Springs, Calif.; and Bakersfield, Calif. Terms of the transaction were not disclosed. In the third quarter of 2013, Y-T Holdco also completed the acquisition of Young Oil Tools, a Cushing-based company that designs, manufactures and sells check valves and repair sleeves primarily to the oil and gas industry. Thorco CEO William Teale said the acquisition will provide Thorco new opportunities for industry growth and regional expansion. In addition to his duties as CEO of Thorco, Teale has been appointed as the president of Young Oil Tools.

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