Industrial group

Emera Inc. Subsidiary Nova Scotia Power Reaches Settlement Agreement on General Rate Application, Including Fuel and Non-fuel Rates for 2023 and 2024

Retrieved on: 
Thursday, November 24, 2022

Emera Inc. (TSX: EMA) and its wholly-owned subsidiary Nova Scotia Power (NS Power) announced today that NS Power has filed a proposed settlement agreement for its 2022-2024 General Rate Application (GRA) with the Nova Scotia Utility and Review Board (UARB).

Key Points: 
  • Emera Inc. (TSX: EMA) and its wholly-owned subsidiary Nova Scotia Power (NS Power) announced today that NS Power has filed a proposed settlement agreement for its 2022-2024 General Rate Application (GRA) with the Nova Scotia Utility and Review Board (UARB).
  • If approved by the UARB, the settlement will implement Bill 212, the provincially legislated cap on non-fuel rates for 2023 and 2024.
  • Nova Scotia Power Inc. is a wholly-owned subsidiary of Emera Inc. (TSX-EMA), a diversified energy and services company.
  • Nova Scotia Power provides 95% of the generation, transmission and distribution of electrical power to approximately 540,000 residential, commercial and industrial customers across Nova Scotia.

Clarion Partners Real Estate Income Fund Inc. (CPREIF) Acquires Three-Building Industrial Portfolio in the Inland Empire West Area

Retrieved on: 
Thursday, August 25, 2022

Clarion Partners Real Estate Income Fund Inc. (CPREIF) has strategically added to its property holdings with the acquisition of three 100% leased warehouse and distribution buildings totaling 109,644 square feet in Chino, CA within the Inland Empire West (IE West) submarket*.

Key Points: 
  • Clarion Partners Real Estate Income Fund Inc. (CPREIF) has strategically added to its property holdings with the acquisition of three 100% leased warehouse and distribution buildings totaling 109,644 square feet in Chino, CA within the Inland Empire West (IE West) submarket*.
  • The industrial sector in the Inland Empire continues to experience low vacancy rates amid steady demand.
  • We are thrilled to again work with the professional team at Clarion Partners on the acquisition of this Inland Empire portfolio, said JLL Capital Markets Senior Managing Director and Industrial Group Leader Mark Detmer.
  • About Clarion Partners Real Estate Income Fund Inc. (CPREIF)
    CPREIF offers individual investors direct access to a portfolio of privately-held, income-producing commercial real estate properties through an innovative investment fund driven by Clarion's deep real estate expertise.

HydraForce Has Agreed to Be Sold to Bosch Rexroth

Retrieved on: 
Wednesday, July 20, 2022

Lincoln International is pleased to announce that Bosch Rexroth has entered into a definitive agreement to acquire HydraForce, Inc., based in Lincolnshire, Illinois.

Key Points: 
  • Lincoln International is pleased to announce that Bosch Rexroth has entered into a definitive agreement to acquire HydraForce, Inc., based in Lincolnshire, Illinois.
  • In addition to the complementary product portfolios, the regional sales structures of HydraForce and Bosch Rexroth also complement each other: Bosch Rexroth focuses on Europe, while HydraForce maintains a broad footprint in North America.
  • Further, the addition of HydraForce will significantly improve Bosch Rexroth's global market access through indirect sales channels (e.g., distributors and systems integrators) which aligns with the long-term strategic target of Bosch Rexroth.
  • With its intelligent components, customized system solutions and services, Bosch Rexroth is creating the necessary environment for fully connected applications.

Servotronics Names William Farrell, Jr. to Serve as Chief Executive Officer

Retrieved on: 
Thursday, April 21, 2022

ELMA, N.Y., April 21, 2022 /PRNewswire/ -- The Board of Servotronics, Inc. (NYSE American – SVT) announced that it appointed William F. Farrell, Jr. to serve as Chief Executive Officer of the designer and manufacturer of servo-control components and other advanced technology products, effective April 25.

Key Points: 
  • Mr. Farrell was also appointed to serve on the Board of Directors of the company, effective April 25.
  • The Board intends to nominate him to stand for election at Servotronics' 2022 annual meeting of shareholders.
  • "On behalf of the Board, it is my privilege to welcome Bill as CEO and a Director of the company," Servotronics Director Edward C. Cosgrove, Esq.
  • We are very excited to have an executive of Bill's caliber joining Servotronics at this transformational time in its history."

Salomon Brothers Alumni Rally for Historic Encore

Retrieved on: 
Friday, March 4, 2022

All three are alumni of Salomon Brothers who each spent decades at the legendary firm.

Key Points: 
  • All three are alumni of Salomon Brothers who each spent decades at the legendary firm.
  • Salomon Encore has struck a chord with alumni of Salomon Brothers with an outpouring of support ever since it announced the re-emergence of Salomon Brothers at the beginning of 2022.
  • There are an estimated 7,000 alumni of Salomon Brothers and over 500 have joined the Salomon community on Linkedin.
  • Salomon Encore is the modern Salomon Brothers.

The Sauermann Group Selects QAD Adaptive ERP in the Cloud to Meet Its Exponential International Growth

Retrieved on: 
Monday, January 31, 2022

Each of the Group's international entities has implemented the QAD solution, creating a more accurate view of the month's key figures.

Key Points: 
  • Each of the Group's international entities has implemented the QAD solution, creating a more accurate view of the month's key figures.
  • "Thanks in particular to QAD, we have the power of a real international group.
  • The project with QAD has been a real human adventure with a real change management challenge for the Sauermann Group.
  • "By choosing and integrating QAD Adaptive ERP, Sauermann was able to experience visible improvements within the organization.

Excellere Partners Announces the Addition of Three New Associates

Retrieved on: 
Tuesday, November 30, 2021

We are very proud of the team that we are building at Excellere, and we are excited to welcome strong talent such as Bailey, Grant, and Jake to our organization, said Brad Cornell, Managing Partner at Excellere Partners.

Key Points: 
  • We are very proud of the team that we are building at Excellere, and we are excited to welcome strong talent such as Bailey, Grant, and Jake to our organization, said Brad Cornell, Managing Partner at Excellere Partners.
  • Bailey comes to Excellere from Piper Sandler where he worked as an Analyst in the Info-Driven Healthcare group.
  • Excellere Partners is a Denver-based private equity firm with over $2.3 billion of committed capital across four funds, that specializes in partnering with entrepreneurs and management teams through recapitalizations and management buyouts.
  • For more information about Excellere, please visit https://www.excellere.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20211130006057/en/

Taichi He Industry Group and TGG Form New Investment Firm Tai Chi Capital Co. Ltd to focus on Fintech, Energy and Healthcare Sectors in Asia Pacific Region

Retrieved on: 
Monday, October 11, 2021

He Junlong, Chairman of Tai Chi Capital Co., Ltd. (TCC) and Chairman of the Board of Tai Chi Industry Group (Hainan) Co., Ltd. (TCH).

Key Points: 
  • He Junlong, Chairman of Tai Chi Capital Co., Ltd. (TCC) and Chairman of the Board of Tai Chi Industry Group (Hainan) Co., Ltd. (TCH).
  • We will create a solid foundation for private enterprises invested and incubated by "Tai Chi Capital Co., Ltd. (TCC)" in China to enter the international market.
  • We are excited to partner with Tai Chi Industry Group (Hainan) Co., Ltd. (TCH) to build a bridge between East and West in financial products and technology services.
  • TCC plans to focus in the following three areas: Healthcare industry, financial technology, emerging energy technology, with Asia-Pacific business as the main investment direction.

Kaiser Aluminum Corporation Announces Appointment of Michael C. Arnold and Kevin W. Williams to its Board of Directors

Retrieved on: 
Tuesday, September 7, 2021

FOOTHILL RANCH, Calif., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has appointed Michael C. Arnold and Kevin W. Williams to serve as independent directors.

Key Points: 
  • FOOTHILL RANCH, Calif., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has appointed Michael C. Arnold and Kevin W. Williams to serve as independent directors.
  • As highly respected leaders with a deep understanding of manufacturing and supply chain management, we are excited to have Mike and Kevin join the board, said Jack A. Hockema, Executive Chairman.
  • Mike brings extensive manufacturing and supply chain expertise in the metals industry in addition to public company board expertise, presently serving as lead independent director of AGCO Corporation.
  • Kevin also brings extensive experience in manufacturing and supply chain expertise across Kaisers served markets with deep experience in the automotive industry.