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John Sykes buys Pointe Capital Inc. from GunnAllen Holdings

Tampa call center tycoon John Sykes resigned earlier this month from the board of financial services company GunnAllen Holdings. On Wednesday he announced he was taking a chunk of GunnAllen with him. In September, GunnAllen, then under Sykes, bought Pointe Capital Inc., a Boca Raton company founded in 2004. Since then GunnAllen has fallen deeper into financial trouble as government regulators step up investigations into possible tainted brokerage deals. In late November, right before resigning from Gunn's board, Sykes founded JHS Capital Holdings. Last week, JHS bought Pointe Capital, which represents about 10 percent of GunnAllen Holdings' revenue. Sykes spokeswoman Carol Graumann said Sykes had to resign from the board to allow other board members to decide on the purchase, which injected needed capital into Gunn. Sykes hasn't responded to press inquiries because of a confidential agreement with the board, she said. The price wasn't disclosed.

John Sykes buys Pointe Capital Inc. from GunnAllen Holdings 12/16/09 [Last modified: Wednesday, December 16, 2009 6:41pm]
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