Brexit effect for Palm Beach County companies looks small

brexit

For companies based in Palm Beach County, the Brexit hubbub looks likely to strike little more than a glancing blow. That’s because few operate in Great Britain, according to a review of their regulatory filings.

The region’s largest publicly traded company, NextEra Energy of Juno Beach, reports no holdings in Britain. Neither does SBA Communications, the Boca Raton-based owner of cell phone towers in the U.S. and Latin America, nor Ocwen Financial, the West Palm Beach-based mortgage company with farflung operations.

Office Depot, facing an existential struggle unrelated to foreign exchange, has no stores or administrative offices in the United Kingdom. The Boca Raton-based retailer’s portfolio of 60 warehouses included two distribution centers in Britain as of the end of 2015.

Wellington-based BE Aerospace, a maker of airplane interiors, is the rare company with operations in Britain. It says three of its 25 factories are in the UK. KLX Inc., a spinoff of BE Aerospace also based in Wellington, says two of its 39 facilities are in the UK.

 

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