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I'll post the contracts for Walter Reed -you help me get the dirt

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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 07:33 PM
Original message
I'll post the contracts for Walter Reed -you help me get the dirt
Coakley & Williams Construction Inc., Gaithersburg, Md., was awarded a $19,350,000 firm-fixed-price contract for design and construction barracks upgrade and brigade headquarters on Sept. 16, 2002. Work will be performed at Walter Reed Army Medical Center, Washington, D.C., and is to be completed by March 31, 2004. Contract funds will not expire at the end of the current fiscal year. There were 60 bids solicited on April 5, 2002, and eight bids were received. The U.S. Army Corps of Engineers, Baltimore, Md., is the contracting activity (DACA31-02-C-0085).

more to follow
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Monkeyman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 07:34 PM
Response to Original message
1. send me a em have someone for you to talk to
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 07:43 PM
Response to Reply #1
3. done
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 07:41 PM
Response to Original message
2. Interstate Relocation Services Inc.,
Interstate Relocation Services Inc., Springfield, Va., is being awarded $50,000 as part of a $39,380,000 (base year total) indefinite delivery/indefinite quantity/firm-fixed-price contract, with a cumulative total of $98,700,000. Work will be performed at Fort Meade, Md. (22.33%); U.S. Naval Academy, Md. (9.67%); Walter Reed Army Medical Center, Washington, D.C. (18.62%); U.S. Coast Guard, HSC-A-1, Washington, D.C. (5.80%); U.S. Coast Guard ELC, Baltimore, Md. (3.27%); Quantico, Va. (38.31%); Dahlgren, Va. (1.38%); and Sugar Grove, W.Va. (.61%), and is expected to be completed by Nov. 28, 2005. (DAAB07-00-D-N704).
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 10:31 PM
Response to Reply #2
28. I can't find out too much about interstate yet. Look
Edited on Wed Feb-28-07 10:34 PM by notadmblnd
Arthur E. (Buddy) Morrissette, Jr., President & CEO

Arthur E. (Bud) Morrissette, IV, Executive Vice President & COO

Kenneth Morrissette, Executive Vice President – CAO

Donald J. Morrissette, Executive Vice President – Property Mgt.

John D. (JD) Morrissette, Sr. Vice President – Van Line/Fleet SVCS

Mike Larkin, Executive Vice President – CFO

Ron Gallier, Vice President – Quality Control & Human Resources

Touted as being privately owned family business is all I'm finding so far

http://www.invan.com/specialprod/index.htm

Custom-Tailored Solutions
Asset Management
Electronics
Art & Collectibles
Transportation

Interstate Special Products & Logistics is a full-service provider of worldwide-integrated logistics and supply chain solutions. We maintain access to, own or occupy over 6.5 million square feet of shared and dedicated warehousing and distribution space around the globe. This infrastructure supports our management, transportation and handling of over 60 million pounds of goods and commodities for more than 10,000 clients annually, including some of the largest global organizations.

I'll look for more stuff tomorrow.. hopefully you're finding some of this useful. Let me know if I'm wasting your time W8 cause I really don't know what I'm doing here.


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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 10:33 PM
Response to Reply #28
29. You are a tremendous asset to this..I think it will all become chrystal clear soon
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 07:46 PM
Response to Original message
4. IAP World Services
, Cape Canaveral, Fla., was awarded on Nov. 7, 2006, a $25,800,095 cost-plus-award-fee contract for Base Operations Support at Walter Reed Army Medical Center. Work will be performed in Washington, D.C., and is expected to be completed by Nov. 3, 2011. Contract funds will not expire at the end of the current fiscal year. There were an unknown number of bids solicited via the World Wide Web on June 4, 2003, and one bid was received. The U.S. Army Medical Command, Fort Sam Houston, Texas, is the contracting activity (W81K04-07-C-0003).
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 08:15 PM
Response to Reply #4
5. IAP World Services
Edited on Wed Feb-28-07 08:31 PM by notadmblnd
from their own website's recent press releases http://www.iapws.com/who/heritage.aspx


February 1, 2007
Retired Marine Corps Gen. Michael W. Hagee Appointed to IAP Board of Directors

Gen. Hagee retired from the Marine Corps as Commandant on Jan. 1 following a distinguished 39-year military career. His command assignments included Commanding General of the 1st Marine Division and of the I Marine Expeditionary Force. He served as Marine Commandant from January 2003 through November 2006. His staff assignments included serving as Senior Military Assistant to the Deputy Secretary of Defense; Executive Assistant to the Director of Central Intelligence; Deputy Director of Operations, Headquarters, of the U.S. European Command; and Director Strategic Plans and Policy, U.S. Pacific Command.

> January 17, 2007
IAP Selected to Continue Supplying Emergency Ice Nationwide

Cape Canaveral, Fla. – IAP Worldwide Services, Inc. (IAP), which has provided more than 300 million pounds of ice to hurricane victims since 1998, announced today that it has been awarded a contract by the U.S. Army Corps of Engineers to continue providing packaged ice and supporting services during emergency relief operations in support of the Department of Homeland Security (DHS) / Federal Emergency Management Agency (FEMA).

IAP Through the Decades

1953 – Pan American World Airways, Inc. is awarded a contract to manage the U.S. Air Force Florida Missile Test Range. In the ensuing years, operating through a subsidiary called Pan Am World Services, Inc., the company operates numerous Department of Defense contracts at locations stretching from Europe and the Middle East to Diego Garcia and Kwajalein Atoll, Marshall Islands.

1989 – Johnson Controls, Inc. acquires Pan Am World Services, Inc.

1990 – International American Products (IAP) is formed in Irmo, S.C. by former Army logistician Doyle McBride as the United States prepares for Operation Desert Storm in 1991. Over the next 15 years, IAP Worldwide Services grows significantly by specializing in rapid response logistics, procurement and contingency services on a global scale.

May 2004 – Cerberus Capital Management, L.C., a New York-based private investment group, becomes majority owner of IAP Worldwide Services, Inc.

March 2005 – IAP acquires Johnson Controls World Services, an international leader in facility management operations, contingency support, and technical services, and its wholly-owned subsidiary, Readiness Management Support. The acquisition significantly diversifies IAP’s business mix and customer base.

March 2006 – IAP acquires G3 Systems Ltd, a British company that provides logistics, contingency, engineering, project and facility management services in the United Kingdom, Europe and the Middle East.

NEW YORK - October 19, 2006 - John W. Snow, the 73rd Secretary of the Treasury of the United States of America, has been appointed Chairman of Cerberus Capital Management, L.P. Prior to becoming Secretary of the Treasury in February 2003, Secretary Snow was Chairman and Chief Executive Officer of CSX Corporation. http://www.cerberuscapital.com/news_press_release_111406.html



Is this the kind of stuff you're looking for or do you want the info more in depth?
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brook Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 08:35 PM
Response to Reply #5
7. Center for Public Integrity
has more on IAP. (The link wouldn't work for me, but it's an interesting read).
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 08:37 PM
Response to Reply #5
9. absolutely...a who's who
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 08:50 PM
Response to Reply #9
12. There are so many of these guys..
Edited on Wed Feb-28-07 08:51 PM by notadmblnd
I can't even articulate the magnitude of what I think is going on. Large holding companies(?) headed by members of the BFEE for the last 30 years accumulating total control of the wealth of this country. For the life of me, I just cant figure out why?
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 08:37 PM
Response to Reply #4
8. What's Bigger Than Cisco, Coke, Or McDonald's?

Steve Feinberg's Cerberus, a vast hedge fund that's snapping up companies -- lots of them

Shares of Albertson's Inc. (ABS ) were soaring in mid-September on rumors of an impending bid for the Boise (Idaho) grocery chain. A pair of private-equity funds -- giant pools of capital just waiting to pounce on takeover targets -- had been circling, preparing offers that were said to top $16 billion. But then a new player showed up: hedge-fund group Cerberus. The Albertson's drama is still playing out. But even as Cerberus Capital Management LP pursues the grocer, it has been quietly discussing an offer for Morgan Stanley's (MWD ) aircraft-leasing business for up to $2 billion and negotiating for a big stake in Israel's second-largest bank, Bank Leumi. And it's still digesting a $2.3 billion purchase in May of Meadwestvaco Corp.'s (MWV ) paper businesses -- a deal that included 900,000 acres of forest.

http://www.businessweek.com/magazine/content/05_40/b3953110.htm
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 08:41 PM
Response to Reply #4
10. Cerberus emerges from the underworld 2005
Edited on Wed Feb-28-07 08:43 PM by notadmblnd
The scary name has intimidation value for Cerberus founder Stephen Feinberg, a reclusive former Princeton tennis captain with a regular-guy streak. A onetime Army Reserve paratrooper, he hunts deer when not hunting financial deals and drives an aging Ford pickup truck, friends and colleagues say.

Cerberus, with $16 billion of capital, has expanded beyond its original "vulture" investing specialty into lending, real estate and buyouts of healthier companies. Cerberus has mushroomed in size from $5 billion in 2000. And Mr. Feinberg, despite his penchant for the simple life, has become rich, with a net worth in the hundreds of millions of dollars.

Cerberus is a prominent example of hedge funds, which historically focused on short-term trading, "expanding into longer-term private-equity buyouts in search of high returns," according to Ilan Nissan, a private-equity lawyer at O'Melveny & Myers LLP.

edit to add more..

To soften a combative image won in the smack-down arena of bankruptcy court, Cerberus hired former Vice President Dan Quayle as an ambassador and door-opener. Mr. Quayle, who has worked full time for Cerberus since 2000, is chairman of Cerberus Global Investments LLC.

For example, Mr. Quayle said, he helped Cerberus with its investment in bonds of MCI Inc., the former WorldCom until it emerged from bankruptcy court. He served in the same 1989-1993 administration of President George H. W. Bush as Richard Breeden, the former Securities and Exchange Commission chairman, who was MCI's court-appointed monitor.

Mr. Quayle has also served as a point man in Japan, where Cerberus has made several large investments, including an $850 million investment in Nippon Credit Bank, since renamed Aozora Bank Ltd.

http://www.post-gazette.com/pg/05236/559323.stm
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blogslut Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 08:26 PM
Response to Original message
6. K&R
:)
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 08:42 PM
Response to Original message
11. I'm especially curious in Halliburton connections,if any
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:04 PM
Response to Reply #11
13. It doesn't look like they play nice together
seems these guys are a bunch of ex-Burton-bot's and ex admin employees. they're going after Halliburtons business. Here's a couple of links...

A small defense contractor now controlled by a former Bush adminstration cabinet secretary is taking on Halliburton Co. (Nachrichten) by bidding for one of three Army contracts worth up to $50 billion each to provide food and shelter to U.S. troops in Iraq and Afghanistan.

Within days of former U.S. Treasury Secretary John Snow becoming chairman of the New York hedge fund that owns IAP Worldwide Services Inc., the company submitted its bid for huge Army contracts that will be awarded by year-end.

Cerberus Capital Management LP owns Cape Canaveral, Fla.-based IAP, which is led by former executives from Halliburton subsidiary Kellogg, Brown&Root.

http://www.finanznachrichten.de/nachrichten-2006-11/artikel-7251393.asp

Loren Thompson, a defence consultant, said that while it was not unusual for financial investors – such as Carlyle – to buy properties based on a backlog of already-booked contracts, Cerberus appeared to have invested heavily on a bet that it could transform IAP into a vehicle that could win contracts in the future. That view is underscored by Cerberus's lobbying records, which show it spent hundreds of thousands of dollars last year lobbying lawmakers on "issues related to government oversight" of logistics contracts.

The US army decided this summer to strip Halliburton of its exclusive hold over the omnibus contract – known as Logcap – following widespread allegations that the Texas oil services group had wasted hundreds of millions of taxpayer dollars on contracts to provide support in Iraq and Afghanistan.

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=FT&date=20061101&id=6159301
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:07 PM
Response to Reply #13
14. ah-ha!John Snow!!!
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conscious evolution Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:18 PM
Response to Reply #11
15. Try this
Edited on Wed Feb-28-07 09:19 PM by conscious evolution
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=hal&filenum=&State=&SIC=&owner=include&action=getcompany

This is a link to Halliburtons SEC filings.Check the Form 4's and Form 3's.Those are official filings of stock purchases for company officials and when Halliburton buys large stakes in other companies.
Its a lot of paper work to go through though.

Here is a link to the SEC's filing search machine.
http://www.sec.gov/edgar/searchedgar/companysearch.html
Just enter a companies name in the appropiate box or enter their stock ticker symbol in the box.
This is only good for publicly traded companies.
You can find out if a public company is buying private firms with it though.

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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:18 PM
Response to Reply #15
16. thanks!!!!
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:24 PM
Response to Reply #16
17. for future reference-some halliburton subsidiaries
Halliburton Company
Halliburton Energy Services, Inc
DII Industries, LLC
Kellogg Energy Services, Inc.
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:25 PM
Response to Reply #17
18. other players to research later
AXA FINANCIAL INC
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:26 PM
Response to Reply #18
19. WELLINGTON MANAGEMENT CO LLP
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:27 PM
Response to Reply #19
20. FMR CORP
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conscious evolution Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:28 PM
Response to Original message
21. Here is another company to keep an eye out for
State Street Bank.
They are known to be a very bushy bank and investment firm that have their fingers in a little bit of everything.
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CorpGovActivist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 09:40 PM
Response to Original message
22. FedBizOpps Awards Tracked for Walter Reed
http://vsearch1.fbo.gov/servlet/SearchServlet

Type in "Walter Reed," and make sure you select both current and archived "Awards."

Hope that helps.

- Dave
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 10:07 PM
Response to Reply #22
23. Thanks,Dave!!!
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 10:11 PM
Response to Reply #22
24. there are 27 pages of contracts...oy
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 10:22 PM
Response to Original message
25. can one more person rec?to be continued...
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conscious evolution Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 10:26 PM
Response to Original message
26. recommended
and bookmarked.Will nose around later.
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 10:28 PM
Response to Original message
27. ok-i'll peruse tomorrow-martini time
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starroute Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-28-07 10:40 PM
Response to Original message
30. Walter Reed is scheduled to close in 2011
https://www.officialbrac.com/bracNews_old.asp
Aug 25 2006

Within five years, the military will vacate Walter Reed Army Medical Center in Washington, as prescribed by the 2005 Base Realignment and Closure program, but that isn't stopping the Pentagon from building a $8.65 million, 30,000-square-foot annex for amputee treatment at Walter Reed right now. . . .

Walter Reed is scheduled to close in 2011 under the 2005 BRAC Act approved by Congress and President Bush. Amputee services will move to a new facility to be built on the current Bethesda Naval Hospital campus in Maryland, which will become the Walter Reed National Military Medical Center.

Other medical services now at Walter Reed will be moved to a new 165-bed hospital at Fort Belvoir, Va.


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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 07:19 AM
Response to Original message
31. self-kick
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babydollhead Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 07:28 AM
Response to Original message
32. kick
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salin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 07:38 AM
Response to Original message
33. keep up the good work!
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 09:21 AM
Response to Original message
34. Another possible resource
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 02:24 PM
Response to Reply #34
35. well...looks who is in the lead
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 07:22 PM
Response to Reply #35
41. do you know under what category contracts for Walter Reed would be?
Edited on Thu Mar-01-07 07:23 PM by notadmblnd
Would the contracts be listed under the Department of Defense, Veterans, Army? The tool I found has an option to list contracts by department/category. Anyone?
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 09:12 PM
Response to Reply #41
42. either dod or corps of engineers
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 09:26 PM
Response to Reply #42
46. this looks lie another good resource
Edited on Thu Mar-01-07 09:29 PM by notadmblnd
Says you have to register though, I'm going to check what registration requirements I need to meet.

https://www.fpds.gov/common/html/login.html
On edit it says the public can register, but then there is this disclaimer. I'm hesitant..

Authorization to Public Access
This is a United States (General Services Administration) computer system, which may be accessed only for official government use by authorized users.

How we handle the information we gather when you visit our web site
We collect and store only the following information about you: The date and time you access our site; the item you requested from the server. When we examine this data, it is always presented in an aggregate form. Except as outlined in the Security section at the bottom of this document, we do not track or look at individuals' usage behavior.

If you identify yourself by sending an E-mail:
When you send us personally-identifying information, (e.g., in an electronic mail message containing a question or comment), or by filling out a form that E-mails us this information, we use this information to respond to your request. We may also forward your E-mail to other FPDS experts, who are better able to answer your questions.

If you identify yourself by registering:
The public is authorized to use this site to retrieve procurement data.
When you register as a user of FPDS, we use that information to ensure you get the service you request. In addition, we may follow-up via email to obtain your feedback about the quality of the services you received. You may delete the registration data, and we will not retain any record of your registration.

We want to make it clear that we will not obtain personally-identifying information about you when you visit our site, unless you choose to provide such information to us. Except for authorized law enforcement investigations, or as otherwise required by law, we do not share any information we receive with any outside parties.

Links to other sites:
The documents posted on this Website may contain hypertext links or pointers to information created and maintained by other public and private organizations. These links and pointers are provided for visitors' convenience. FPDS does not control or guarantee the accuracy, timeliness, or completeness of any linked information from non-FPDS sites.
The inclusion of links or pointers to Web sites is not intended to assign importance to those sites or the information contained therein, nor is it intended to endorse or recommend any views expressed, or products or services offered on these sites.
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 02:26 PM
Response to Original message
36. especially telly-almost all contracts-non-compete
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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 02:26 PM
Response to Original message
37. good job, lady.
Smart thinking.
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 03:59 PM
Response to Reply #37
38. thanks-I've been distracted today,but a lot is pointing in ONE direction
Halliburton
KBR
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Tsiyu Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 04:16 PM
Response to Reply #38
39. Kicking


:kick:
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 05:57 PM
Response to Original message
40. peruse these contracts if you have the time
I have a Drinking Liberally meeting tonight(my only social life)
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 09:17 PM
Response to Reply #40
43. kick and recommend
Edited on Thu Mar-01-07 09:18 PM by spanone
:kick:

wouldn't let me recommend due to 24 hour time lapse
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 09:19 PM
Response to Reply #43
44. So I'll kick it again.
:kick: :hi:
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 09:24 PM
Response to Reply #44
45. I have it from a good source that this will break wide open in the next few days
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 10:37 PM
Response to Original message
47. State Street Bank
Edited on Thu Mar-01-07 10:56 PM by notadmblnd
Take a look at this, it may not be anything, but I was struck by the date(1997). It's an article about State Street and Social security.

http://www.ourfuture.org/issues_and_campaigns/socialsecurity/key_issues/money_trail_and_wall_street/readarticle52.cfm

Josι Pinera, Chile's ex-labor minister turned after-dinner speaker, tells his audience -- some 150 Wall Street heavies and assorted others who've come to the Waldorf-Astoria for lunch and a seminar on economics and Social Security served up by the Cato Institute, the libertarian think tank. Pinera's talk is dessert, a primer on the Chilean pension system. "We have made a nation of owners," Pinera says. "We've changed the concept of retirement." He throws out some fiscal details about the Chilean way of retiring and concludes, "I'm a firm believer this can be done in the United States."

Co-chair of the privatization project, along with Pinera, is William Shipman, a principal of State Street Global Advisors, a division of the Boston-based State Street Bank, which is just as busy spreading the message.

"State Street has a history of getting involved," Shipman says. State Street, however, may have more than social commitment in mind. As the country's fourth-largest money management firm, if privatization were to succeed, State Street Global Advisors would add millions in custodial fees to those it collects on the $275 billion in pension assets it now manages in forty-six countries. Shipman told the magazine Pensions & Investments, "You could be staring at 130 million new accounts."

then there's this
http://www.oligopolywatch.com/2007/02/05.html

State Street to buy IFS

US-based State Street Bank, the #1 mutual-funding service company, announced it will buys Investors Financial Services (IFS). The deal is for between $4 and $4.5 billion. Both companies are located in Boston.
IFS provides such services as accounting, investment-advisory, and transaction management services to its clients, mostly in the booming hedge fund and asset management field.

According to a Bloomfield story ("State Street Agrees to Acquire Investors Financial," 2/5/07), "After the acquisition, 215-year-old State Street will service about a third of the $10.4 trillion in U.S. mutual-fund assets and a quarter of the $1.4 trillion in hedge funds worldwide."

Some see the action as a reaction to an earlier deal by Mellon Bank and the Bank of New York. That $16.5 billion deal will make the combined company the #1 custody bank. The State Street deal will make it #2, ahead of JP Morgan. There's no doubt that the somewhat quiet, behind-the-scenes financial services market is growing, while the numbers of players is shrinking.

Already this year, State Street announced it would buy currency trader Curernex for $564 million.
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