CONNECTICUT

One Equity Partners Completes Acquisition of Associated Spring

Retrieved on: 
Thursday, April 4, 2024
Finance, Aerospace, Manufacturing, Professional Services, Engineering, Partnership, Barnes Group, OEP, Growth, Acquisition

One Equity Partners (“OEP”), a middle market private equity firm, today announced it has completed the acquisition of engineered spring and precision components manufacturer Associated Spring (or “the Company”) from global industrial technology and aerospace manufacturer Barnes Group Inc. (NYSE: B).

Key Points: 
  • One Equity Partners (“OEP”), a middle market private equity firm, today announced it has completed the acquisition of engineered spring and precision components manufacturer Associated Spring (or “the Company”) from global industrial technology and aerospace manufacturer Barnes Group Inc. (NYSE: B).
  • Founded in Bristol, Connecticut, Associated Spring is a leading manufacturer of custom parts, including engineered springs and high precision metal components, as well as stamped manufactured solutions and assemblies for industrial, medical, and automotive applications.
  • “This acquisition is another example of OEP’s ability to execute corporate carve-outs of attractive and specialized industrial assets from major industry players,” said Ante Kusurin , Partner, One Equity Partners.
  • “The Company’s management team and I are eager to work with One Equity Partners to guide Associated Spring into its next chapter and build the Company into a stand-alone, market-leading player with advanced technical capabilities,” said Jack Rababeh, Chief Executive Officer of Associated Spring.

Companies Still Struggle With Integrated Communications

Retrieved on: 
Thursday, April 4, 2024
Consulting, Technology, Professional Services, Other Technology, Telecommunications, Software, Networks, Audio, Video, Internet, VoIP, Mobile, Wireless, Research, Microsoft, Data, Zoho Corporation, Communication, Intelligence, Distillation, Infobip, ISG, RingCentral, Overalls, Computer, Goto, Zoom, Cloud computing, Workforce, ChatGPT, Avaya, Human, Online shopping

The 2024 Ventana Research Buyers Guide for Digital Communications notes dozens of software providers and tools for digital communications are used across the typical enterprise with little to no integration or interoperability.

Key Points: 
  • The 2024 Ventana Research Buyers Guide for Digital Communications notes dozens of software providers and tools for digital communications are used across the typical enterprise with little to no integration or interoperability.
  • According to a Ventana Research forecast, through 2027, only one-quarter of enterprises will have standardized their digital communications to provide the highest level of resilience and unification.
  • Increasingly, use of generative AI like ChatGPT and large language models are becoming integrated into digital communications platforms, the study notes.
  • For its 2024 Buyers Guide study, Ventana Research evaluated software providers across four digital communications categories – Communications as a Platform (CPaaS), Premium Suites, Basic Suites and Overall Digital Communications (Combining Premium Suites and CPaaS) – and produced a separate Buyers Guide for each.

EMCOR Group, Inc. Declares Regular Quarterly Dividend

Retrieved on: 
Thursday, April 4, 2024
Other Construction & Property, Engineering, Construction & Property, Manufacturing, Emcor, EME

EMCOR Group, Inc. (NYSE: EME) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share.

Key Points: 
  • EMCOR Group, Inc. (NYSE: EME) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per common share.
  • The dividend will be paid on April 30, 2024 to stockholders of record as of April 16, 2024.
  • EMCOR Group, Inc. is a Fortune 500 leader in mechanical and electrical construction services, industrial and energy infrastructure and building services.
  • This press release and other press releases may be viewed at the Company’s Website at www.emcorgroup.com .

ISG Launches AI Software Research Practice

Retrieved on: 
Wednesday, April 3, 2024
Research, Technology, Security, Consulting, Other Technology, Software, Networks, Data Management, Science, Artificial Intelligence, Deep learning, Natural language processing, Machine learning, Organization, Natural language, Intelligence, Artificial intelligence, ISG, AI, Human, Investment, Computer vision, Media, Generative, Medical device

Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm, said today that it has launched a new artificial intelligence (AI) software research practice to help enterprises take advantage of new AI capabilities available across hundreds of software providers.

Key Points: 
  • Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm, said today that it has launched a new artificial intelligence (AI) software research practice to help enterprises take advantage of new AI capabilities available across hundreds of software providers.
  • The new offering from Ventana Research, the software research business of ISG, provides research and expert guidance on AI technologies to help enterprises transform through AI and generative AI.
  • This Buyers Guide is a new component of Ventana Research’s AI software research framework for 2024 that also delivers insights on AI software used for business, IT and specific industries.
  • It will complement the new ISG Enterprise AI Advisory business, launched in January, to advise clients on how to navigate the complexities and implications of adopting artificial intelligence at scale
    “Generative AI has radically changed how enterprise software can truly have a business and IT impact,” said Mark Smith, partner, Software Research, at ISG.

Diamond Sports Group Reaches Multi-Year Distribution Agreement with Charter

Retrieved on: 
Wednesday, April 3, 2024
Entertainment, Sports, Other Entertainment, TV and Radio, General Entertainment, Other Sports, General Sports, Charter, NHL, DTC, MLB, Bally Sports, Diamond Sports Group, CHTR, NBA

Diamond Sports Group (“Diamond” or the “Company”) today announced that it has reached a multi-year renewal of its distribution agreement with Charter Communications, Inc (NASDAQ: CHTR) (“Charter”) to carry Diamond’s portfolio of regional sports networks (“RSNs”).

Key Points: 
  • Diamond Sports Group (“Diamond” or the “Company”) today announced that it has reached a multi-year renewal of its distribution agreement with Charter Communications, Inc (NASDAQ: CHTR) (“Charter”) to carry Diamond’s portfolio of regional sports networks (“RSNs”).
  • Under the new agreement, customers will continue to have access to live, local MLB, NBA and NHL games and pre- and post-game content on Diamond’s RSN channels through Charter’s Spectrum TV Select Plus package.
  • We expect this agreement to generate value for Diamond, Charter and our team and league partners, and enable us to continue providing high quality broadcasts for passionate local fans.
  • We believe this agreement can serve as a model in the ongoing time-sensitive negotiations with our other distribution partners to reach carriage agreements that work for all parties.”

Crane Company Announces Date for First Quarter 2024 Earnings Release and Teleconference

Retrieved on: 
Friday, April 5, 2024
Other Manufacturing, Other Defense, Engineering, Other Energy, Chemicals, Plastics, Aerospace, Manufacturing, Energy, Defense, CFO, Crane Holdings

Crane Company (NYSE: CR) announces the following schedule and teleconference information for its first quarter 2024 earnings release:

Key Points: 
  • Crane Company (NYSE: CR) announces the following schedule and teleconference information for its first quarter 2024 earnings release:
    Teleconference: April 23, 2023 at 10:00 AM (Eastern) hosted by Max H. Mitchell, President & CEO, and Richard A. Maue, Executive Vice President & CFO.
  • The call can be accessed in a listen-only mode via the Company’s website www.craneco.com .
  • An accompanying slide presentation will also be available on the Company’s website.
  • Web Replay: Will be available on the Company’s website shortly after completion of the live call.

Sunnova Grows its Virtual Power Plant Network to Support the Grid and Compensate Customers

Retrieved on: 
Wednesday, April 3, 2024
Other Energy, Utilities, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Electricity, NOVA, Government, Insurance, VPP, Investment, Puerto Ricans, Sunnova, Renewable energy

Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), an industry-leading adaptive energy services company, announced continued investments and expansion to its virtual power plant (VPP) network, providing increased reliability, reduced emissions, and lower costs.

Key Points: 
  • Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), an industry-leading adaptive energy services company, announced continued investments and expansion to its virtual power plant (VPP) network, providing increased reliability, reduced emissions, and lower costs.
  • The clean power produced by Sunnova’s rooftop solar and battery storage customers helps offset the need for utilities to use heavily polluting traditional power plants during peak demand periods.
  • In return for their demand battery response and contribution, customers are compensated for the power supplied by their batteries in most programs.
  • By voluntarily participating in the program through the Sunnova Flex Power Program, Sunnova customers play an active role in bolstering the grid and supporting a reliable power supply for Puerto Ricans.

Crane Company Announces Annual Analyst Conference

Retrieved on: 
Wednesday, April 3, 2024
Other Manufacturing, Engineering, Other Energy, Chemicals, Plastics, Oil, Gas, Aerospace, Manufacturing, Energy, Nuclear, Crane Holdings, RSVP

Crane Company (NYSE: CR) will hold its annual investor conference on Tuesday, May 14, 2024, from 8:30 AM to 12:00 PM in New York City.

Key Points: 
  • Crane Company (NYSE: CR) will hold its annual investor conference on Tuesday, May 14, 2024, from 8:30 AM to 12:00 PM in New York City.
  • Speakers will include Max H. Mitchell and other key Crane Company executives.
  • A web replay will be available on our website shortly after completion of the event.
  • If you are interested in attending, please RSVP with your name and affiliation to: [email protected] .

Amphenol Corporation Announces Pricing of Senior Notes Offering

Retrieved on: 
Tuesday, April 2, 2024
Technology, Mobile, Wireless, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Networks, Internet, Hardware, BofA Securities, Corporation, Sale, Acquisition, Security (finance), Amphenol, J.P. Morgan & Co., Prospectus, Hand

Amphenol Corporation (NYSE: APH) announced today the pricing of its offering of $450 million aggregate principal amount of senior notes due 2027 (the “2027 Notes”), $450 million aggregate principal amount of senior notes due 2029 (the “2029 Notes”) and $600 million aggregate principal amount of senior notes due 2034 (the “2034 Notes”, and together with the 2027 Notes and 2029 Notes, the “Notes”).

Key Points: 
  • Amphenol Corporation (NYSE: APH) announced today the pricing of its offering of $450 million aggregate principal amount of senior notes due 2027 (the “2027 Notes”), $450 million aggregate principal amount of senior notes due 2029 (the “2029 Notes”) and $600 million aggregate principal amount of senior notes due 2034 (the “2034 Notes”, and together with the 2027 Notes and 2029 Notes, the “Notes”).
  • The 2027 Notes will have an interest rate of 5.050% per annum, the 2029 Notes will have an interest rate of 5.050% per annum, and the 2034 Notes will have an interest rate of 5.250% per annum.
  • The closing of the offering is expected to occur on April 5, 2024, subject to the satisfaction of customary closing conditions.
  • Any offer, solicitation or sale of any series of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.

Consumers Welcome AI for Enhanced Experiences in P&C Insurance but Hesitate on AI’s Role in Financial Decisions, According to Insurity’s 2024 AI in Insurance Report

Retrieved on: 
Tuesday, April 2, 2024
Technology, Insurance, Finance, Fintech, Marketing, Communications, Professional Services, Software, Data Management, Artificial Intelligence, Organization, Trust, Artificial intelligence, Policy, Judgement, Data analysis, System, P&C, Risk management

The findings are from Insurity’s 2024 AI in Insurance Report, which is an essential guide for P&C insurance companies exploring integrating AI technologies and adapting to evolving consumer expectations.

Key Points: 
  • The findings are from Insurity’s 2024 AI in Insurance Report, which is an essential guide for P&C insurance companies exploring integrating AI technologies and adapting to evolving consumer expectations.
  • This was closely followed by 32% of respondents supporting AI’s use to deliver personalized products and promotions and 24% of consumers supporting AI in customer service.
  • Respondents were asked a series of 8 questions, ranging from multiple-choice to scale-based, to gauge their opinions on AI in P&C insurance.
  • To learn more about Insurity’s 2024 AI in Insurance Report, please get in touch with [email protected] .