Greenwich PE firm acquires Dixie Electric

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First Reserve, the large global private equity fund that deals in energy and has a Greenwich office, on Thursday morning announced its acquisition of Dixie Electric. Dixie is the leading U.S. provider of electrical infrastructure materials and services to the upstream oil and gas sector, according to the release.  Financial terms of the transaction were […] [Read More]
Categories: General
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Darien toy company introduces “Tegu Elf” for the holidays

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Tegu, Darien-based inventors of a magnetic wooden building system, is offering gift options with a variety of construction sets and accessories.  Nominated by the Toy Industry Association for the 2014 Toy of the Year Award in the Specialty Toy category, Tegu’s magnetic wooden blocks are made of natural materials and come without any need for […] [Read More]
Categories: General

FuelCell records quarterly loss

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FuelCell Energy, Danbury-based designer, manufacturer, operator and servicer of fuel cell power plants, reported a fourth quarter net loss of $10.5 million or 6 cents per share, compared with a net loss of $12.1 million or 7 cents per share for the same period last year ended Oct. 31. Product sales for the fourth quarter […] [Read More]
Categories: General

Emcor unit garners four military contracts

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Emcor Services Mesa Energy Systems, a division of Norwalk-based Emcor Group, has been awarded four contracts by the Department of the Navy, Naval Facilities Engineering Command Southwest for work at Camp Pendleton; Marine Corps Air Station, Miramar; and the Naval Amphibious Base, Coronado in San Diego County, Calif. Emcor, a provider of mechanical and electrical […] [Read More]
Categories: General

CRT Capital and Furey Research announce alliance

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CRT Capital Group, an independent institutional broker-dealer based in Stamford, and Furey Research Partners, an independent research boutique specializing in small-cap strategy and small company research, based in Newport Beach, Calif., have entered a trading and research distribution alliance. Over the last year, CRT has invested in and expanded its equity research platform to deepen […] [Read More]
Categories: General

Starwood opens second Four Points in Jacksonville

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Starwood Hotels & Resorts Worldwide, Stamford-based owner, operator and franchisor of hotels, resorts and residences, has opened its second Four Points by Sheraton in Jacksonville, Fla. The Four Points by Sheraton Jacksonville Beachfront, owned by Oceanfront Lodging II Inc., features 72 oceanfront suites. It is managed by Shivam Properties Management. The hotel just completed a […] [Read More]
Categories: General

Terex agrees to sell truck business for $160 million

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TEREX AGREES TO SELL TRUCK BUSINESS TO VOLVO FOR $160 MILLION Terex Corp. has agreed to sell its truck business to Volvo Construction Equipment for about $160 million. The truck business manufactures and sells off-highway rigid and articulated haul trucks. Included in the transaction is the manufacturing facility in Motherwell, Scotland. The sale, which is […] [Read More]
Categories: General

GE to provide 38 wind turbines for Keyna project

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The Kinangop Wind Farm in Kenya, developed by Aeolus Kenya and constructed by Iberdrola Engineering, will be powered by 38 GE 1.6-megawatt wind turbines. The Kinangop facility will be one of the largest wind power generation projects to be built to date in sub-Saharan Africa. Following its commissioning, the 61-MW wind farm will generate enough […] [Read More]
Categories: General