Defence Estate and Infrastructure Group

LRS Announces Grand Opening of The Exchange, a Revolutionary Material Recovery Facility Pioneering a New Era of Sustainable Waste Management and Recycling

Retrieved on: 
Wednesday, August 9, 2023
Transfer, Partnership, MRF, Waste management, Exchange, Defence Estate and Infrastructure Group, Recycling, Carbon, American Beverage Association, LRS, City, Acquisition, The Exchange, Map, Streets, Economic development, CO2, New York City Mayor's Office of Management and Budget, Municipal solid waste, Growth, MSW, Transport, Stockyard, DSS, Disposal, Sanitation

ROSEMONT, Ill., Aug. 9, 2023 /PRNewswire/ -- LRS — the nation's fifth largest independent waste diversion, recycling and portable services provider — proudly announces the grand opening of The Exchange, a state-of-the-art material recovery facility (MRF) revolutionizing waste management and recycling practices. The new facility is located in the Stockyards neighborhood of Chicago and marks LRS' pursuit to reshape the future of waste and recycling to lessen environmental impact across the Midwest. 

Key Points: 
  • ROSEMONT, Ill., Aug. 9, 2023 /PRNewswire/ -- LRS — the nation's fifth largest independent waste diversion, recycling and portable services provider — proudly announces the grand opening of The Exchange, a state-of-the-art material recovery facility (MRF) revolutionizing waste management and recycling practices.
  • The Exchange marks a significant milestone in LRS' mission to foster positive change within the industries and communities it serves through responsible waste practices.
  • "The Exchange stands as a powerful embodiment of our vision to become the safest, most innovative waste recycler globally," said John Larsen, Chief Operating Officer at LRS.
  • To celebrate this momentous achievement, LRS is hosting a grand opening of The Exchange on August 9, 2023.

FuelCell Energy Secures $87MM in Project Financing

Retrieved on: 
Thursday, May 25, 2023
Letter, Amalgamated Bank, EVP, Bank of Montreal, Investec, North American power transmission grid, Liberty Bank, Defence Estate and Infrastructure Group, Lead arranger, FuelCell Energy, Virtual CFO, CFO, Growth, Bank, Credit

DANBURY, Conn., May 25, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. , (Nasdaq: FCEL) today announced that it has entered into an $87 million non-recourse project financing facility.

Key Points: 
  • DANBURY, Conn., May 25, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. , (Nasdaq: FCEL) today announced that it has entered into an $87 million non-recourse project financing facility.
  • “At Investec, we have led more than $10 billion in energy and infrastructure project financings over the past five years and this successful closing for FuelCell Energy evidences our continued commitment to help decarbonize the U.S. economy.
  • “This facility enables FuelCell Energy to execute a more efficient financing structure by sensibly leveraging a portfolio of long-term contracted operating assets supported by investment-grade counterparties while attracting a diverse group of lenders and bringing material incremental cash back to FuelCell Energy.
  • We are very pleased to have participation across this expanded bank group,” said Michael Bishop, EVP and CFO of FuelCell Energy.

Revive Infrastructure Group Hires New CFO; Acquires Assets of Gem State Fiber

Retrieved on: 
Thursday, May 25, 2023
Networks, Energy, Technology, Telecommunications, Utilities, Gemstone, Public utility, Controller, Multimedia, Defence Estate and Infrastructure Group, Finance, Revive, Acquisition, CFO, Construction, Crown

Revive Infrastructure Group , a leading provider of utility infrastructure services, announced today that it has appointed Ted Schulz as its Chief Financial Officer.

Key Points: 
  • Revive Infrastructure Group , a leading provider of utility infrastructure services, announced today that it has appointed Ted Schulz as its Chief Financial Officer.
  • Revive also announced that it has acquired the assets of Shalz Construction Corp. (dba Gem State Fiber).
  • Headquartered in Boise, Idaho, Gem State provides fiber splicing services to customers primarily in the Northwest United States.
  • “Nearly two years ago, we set out to build Revive Infrastructure Group into a world class platform in the utility infrastructure services sector,” said Chad Magee, Chief Executive Officer of Revive Infrastructure Group.

Orbital Infrastructure Group Announces Results of Special Meeting of Stockholders

Retrieved on: 
Tuesday, April 18, 2023
Common stock, Orbital, Reverse stock split, OIG, Certificate, FedEx, Defence Estate and Infrastructure Group, Capital, Special, Computershare, Letter, Formation, Common, Security (finance)

HOUSTON, April 18, 2023 /PRNewswire/ -- Orbital Infrastructure Group, Inc. ("OIG")  (Nasdaq: OIG), ("the Company"), today announced  that at the Special Meeting of Shareholders for Orbital Infrastructure Group, Inc. on April 18, 2023, the Company's shareholders approved all proposals presented including: Proposal 1, an amendment to our Certificate of Formation to effect a reverse stock split of our outstanding Common Stock at a reverse stock split ratio ranging from any whole number between 1-for-10 and 1-for-40, subject to and as determined by the Board of Directors.  The board of directors resolved that pursuant to the proposal approved by the shareholders of the Company on April 18, 2023, effective April 21, 2023, the Certificate of Formation shall be amended to effect a reverse stock split of our outstanding Common Stock at a reverse stock split ratio of one share for forty shares (1:40) by adding the following paragraph 3 (Common Stock) to Article IV (Capital) referring to the number of shares with par value the following text:

Key Points: 
  • OIG's common shares will begin trading on the Nasdaq on a split-adjusted basis when the market opens on April 21, 2023.
  • OIG's transfer agent, Computershare, is acting as the exchange agent for the reverse stock split.
  • In order to receive your new Orbital Infrastructure Group, Inc. Common Stock certificate,  you MUST return your original certificate(s).
  • Delivery of Certificates : Your old Orbital Infrastructure Group, Inc. Common Stock certificate(s) must be sent or delivered to Computershare at one of the addresses set forth below.

NFP Welcomes Gaurav Kapoor to Its Expanding North America Construction and Infrastructure Group

Retrieved on: 
Thursday, April 6, 2023
Insurance, Risk, NFP, Risk management, Defence Estate and Infrastructure Group, Insurance Institute of Canada, Chartered Insurance Institute, BBA, Associate, Risk and Insurance Management Society, Investment, ACSB, Wilfrid Laurier University, Surety, Digital, International Credit Insurance & Surety Association, Management, Construction, Strategy

TORONTO, April 6, 2023 /PRNewswire-PRWeb/ -- NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, today announced Gaurav Kapoor has joined the company's North America Construction and Infrastructure Group. In his new role as senior vice president, head of Strategy, Digital and Operations, Kapoor will oversee the development and implementation of strategic initiatives, digital platforms and operations for the group.

Key Points: 
  • Kapoor brings significant leadership experience plus strong technical product knowledge, market relationships and owner/contractor advisory capabilities
    TORONTO, April 6, 2023 /PRNewswire-PRWeb/ -- NFP , a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, today announced Gaurav Kapoor has joined the company's North America Construction and Infrastructure Group.
  • NFP's North America Construction and Infrastructure Group , which is part of NFP's Specialty business, provides clients with comprehensive construction and surety services designed specifically for complex national and cross-border projects.
  • "I'm thrilled to welcome Gaurav to NFP as we continue to add considerable talent to our team," said David Bowcott, co-managing director of NFP's North America Construction and Infrastructure Group.
  • "I'm excited to join NFP and be part of its growing North America Construction and Infrastructure Group," said Kapoor.

NFP Welcomes Tim DeSett, Industry Veteran, to Lead Its Property and Casualty Business

Retrieved on: 
Wednesday, March 29, 2023
NFP, EVP, Risk management, Lombardi, P&C, Defence Estate and Infrastructure Group, AIG, Insurance broker, Acquisition, Distribution, Growth, Bermuda, Management

NEW YORK, March 29, 2023 /PRNewswire-PRWeb/ -- NFP, a leading property and casualty (P&C) broker, benefits consultant, wealth manager and retirement advisor, today announced Tim DeSett has joined the company as executive vice president, P&C. In this new leadership position within the company's P&C business, DeSett will drive strategy with a focus on organic growth, capturing new business, expanding acquisition opportunities and increasing revenue. He brings extensive strategic leadership capabilities to NFP's growing P&C business, which generated $740M in revenue in 2022. DeSett will report to Ed O'Malley, executive vice president, head of Insurance Brokerage and Consulting.

Key Points: 
  • In this new leadership position within the company's P&C business, DeSett will drive strategy with a focus on organic growth, capturing new business, expanding acquisition opportunities and increasing revenue.
  • He brings extensive strategic leadership capabilities to NFP's growing P&C business, which generated $740M in revenue in 2022.
  • This addition comes as Henry Lombardi, whose leadership has transformed NFP's P&C business into a global leader, sharpens his focus on revenue generation.
  • "We're excited to welcome Tim to NFP and have him build from our strong foundation of people, expertise, capabilities and success," said Doug Hammond, chairman and CEO, NFP.

NFP Welcomes Aaron R. Haimowitz to its National Claims Service Practice

Retrieved on: 
Tuesday, December 6, 2022
LLP, Construction, Business, Wilson Elser Moskowitz Edelman & Dicker, Hofstra University, Defence Estate and Infrastructure Group, Business administration, CRIS, Wilson, Risk management, Elser, Investment, Insurance, Safety, NFP, Maurice A. Deane School of Law, Partner, Bachelor of Business Administration

NEW YORK, Dec. 6, 2022 /PRNewswire-PRWeb/ -- NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, today announced Aaron R. Haimowitz has joined its National Claims Service practice as a senior vice president, Construction and Infrastructure Claims. Haimowitz brings over 25 years of legal, risk management and loss control experience to his new role at NFP. He will report to Jeff Stagg, National Claims Service practice leader, and collaborate closely with Adrian Pellen and David Bowcott, co-leaders of NFP's North American Construction and Infrastructure Group.

Key Points: 
  • NEW YORK, Dec. 6, 2022 /PRNewswire-PRWeb/ -- NFP , a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, today announced Aaron R. Haimowitz has joined its National Claims Service practice as a senior vice president, Construction and Infrastructure Claims.
  • Haimowitz brings over 25 years of legal, risk management and loss control experience to his new role at NFP.
  • He will report to Jeff Stagg, National Claims Service practice leader, and collaborate closely with Adrian Pellen and David Bowcott, co-leaders of NFP's North American Construction and Infrastructure Group.
  • "I'm excited to welcome Aaron to the NFP National Claims Services team," said Stagg.

Bravo Infrastructure Group Partners with Orion Infrastructure Capital on the Purchase of Radiance Solar, a Leading Southeast Solar EPC

Retrieved on: 
Monday, November 28, 2022
Business, Manufacturing, Other Professional Services, Entrepreneur, Finance, Consulting, Building Systems, Consumer, Other Construction & Property, Architecture, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Utilities, Alternative Energy, Energy, Engineering, Growth, Virtus Investment Partners, Defence Estate and Infrastructure Group, Engineering, C&I, Partnership, Transport, Maintenance, Agriculture, O&M, EPC, Water, BIG, Southeastern United States, OIC, Acquisition, Renewable energy, Radiance

Bravo Infrastructure Group, LLC (BIG) announced today that it has acquired Radiance Solar, LLC, (Radiance), one of the largest commercial and industrial (C&I) solar engineering, procurement and construction (EPC") contractors in the southeastern United States, through a capital partnership with Orion Infrastructure Capital (OIC).

Key Points: 
  • Bravo Infrastructure Group, LLC (BIG) announced today that it has acquired Radiance Solar, LLC, (Radiance), one of the largest commercial and industrial (C&I) solar engineering, procurement and construction (EPC") contractors in the southeastern United States, through a capital partnership with Orion Infrastructure Capital (OIC).
  • Since 2007, Radiance has become one of the largest and longest standing EPC companies in the southeast.
  • To complete the purchase of Radiance, BIG partnered with OIC, a leading capital solutions provider to middle market infrastructure businesses with approximately $3 billion of assets under management.
  • Steve Newby, owner of BIG commented, We are very excited to announce the acquisition of Radiance and our capital partnership with OIC.

Mawson Infrastructure Group, Inc. Announces Financial Results for Third Quarter 2022

Retrieved on: 
Monday, November 14, 2022
Technology, Finance, Other Energy, Professional Services, Digital Cash Management, Digital Assets, Blockchain, Energy, Cryptocurrency, Data Management, Bitcoin, Sale, ESG, MDC, Software, Risk, Multimedia, Defence Estate and Infrastructure Group, ID, Annual report, EBITDA, Business, Hosting, Webcast, Retail, Renewable energy, Cryptocurrency, Internet service provider, Douglas Mawson, Q3

Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) (Mawson), a digital infrastructure provider, is pleased to announce business highlights and financial results for the third quarter of 2022.

Key Points: 
  • Mawson Infrastructure Group, Inc. (NASDAQ:MIGI) (Mawson), a digital infrastructure provider, is pleased to announce business highlights and financial results for the third quarter of 2022.
  • The Georgia facility exit is expected to result in an unaudited $18 million profit on sale, to be recognized in the fourth quarter of 2022.
  • Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia.
  • Mawson matches sustainable energy infrastructure with next-generation mobile data center (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets.

Flexential® Launches Interconnection Mesh to Streamline Customer Connectivity Strategies

Retrieved on: 
Tuesday, October 11, 2022
Adoption, LinkedIn, GB, IOT, General manager, Growth, Defence Estate and Infrastructure Group, Twitter, Gigabit Ethernet, Cisco Systems, Friction, Automation, CIO, Map, Internet of things, Solution, Compliance, Internet service provider, Renewable energy, Cryptocurrency, Facebook

CHARLOTTE, N.C., Oct. 11, 2022 /PRNewswire/ -- Flexential, a leading provider of data center colocation, cloud and connectivity, today announced the launch of Interconnection Mesh, an innovative solution that empowers Flexential customers to manage and scale their connectivity solutions and meet the ever-changing requirements associated with today's digital landscape. Customers can also leverage the power of the Flexential Xperience Platform™ to gain full visibility of all their multi-site connections across their entire colocation deployment.

Key Points: 
  • This latest innovation from Flexential brings an advanced data center to data center connectivity solution that allows for a multi-site, any to any connection with quick, seamless provisioning.
  • "Our enterprise customers overwhelmingly desire, and need, improved application and connectivity performance in order to be agile and foster business growth," said Ryan Mallory, Chief Operating Officer, Flexential.
  • "Interconnection Mesh supports Flexential's ongoing commitment to bring industry-leading connectivity solutions to our expanding customer base, meeting them where they need connections, and reducing the unnecessary complexity and friction of the process.
  • We are excited to launch Interconnection Mesh and look forward to continued growth alongside our customers."