Hartford Business Journal

www.HartfordBusiness.com • August 27, 2018 • Hartford Business Journal 5 Boston's Sam Adams — in Section 107. In addition, two food-truck vendors have been added: Middletown's The Whey Station Stand, featuring gourmet grilled cheese sandwiches, and Greek'n Out Food Truck, with chicken and pork gyros and grilled souvlaki. Whey Station will be situated in Section 135. Returning to the stadium is fan favorite Hot Dog Nation, in Section 138, Spectra said. Portland pot producer sells to NY investment firm A Portland-based medical pot producer said it has been acquired by a New York investment firm focused on the cannabis industry. Connecticut Pharmaceutical Solutions Inc. (CPS) said it was purchased by Tuatara Capital L.P. for an undisclosed sum. CPS says it will operate as a medical cannabis research and production company working to develop new cannabinoid treatments. CPS will be led by CEO Tom Schultz and Chief Operating Officer Rino Ferrarese. Former CPS owner Andrew Bozzuto was arrested in Oct. 2017 for removing marijuana from bins at the Portland facility. Bozzuto voluntarily surrendered his employee license after being charged with possession of a controlled substance and illegal sale of a controlled substance, according to a Hartford Courant report. State lawmakers approved the state's medical-marijuana program in 2012. CPS is one of four licensed pot producers in Connecticut and supplies nine medical dispensaries. It said it's currently expanding the Portland facility to increase production. The state Department of Consumer Protection, which oversees the state's medical-marijuana sector, said it has approved the deal. The Hartford to acquire Stamford underwriter for $2.1B Property and casualty insurer The Hartford announced plans to acquire a Stamford-based global specialty underwriter for $2.1 billion. The Hartford said it has signed a deal to purchase The Navigators Group Inc., known for its presence in the global marine, construction and energy industries, for $70 a share, or $2.1 billion in cash. Both companies' boards already approved the deal, which is expected to close in the first half of 2019. Navigators' 820 employees — 600 domestic and 150 international — will join The Hartford after closing. The Stamford underwriter says the agreement includes a "go-shop" provision to allow it to solicit other bids for 30 days. If its board approves a new offer and The Hartford does not match, the new bidder would pay a termination fee to the insurer. Navigators operates in several business segments including U.S. and international insurance, global reinsurance, and is growing its underwriting operations in Europe, Asia and Latin America, The Hartford said. 39 CT companies listed among Inc. Magazine's fastest-growing Inc. Magazine has named 39 Connecticut businesses to its annual list of the nation's 5,000 fastest-growing private companies. The Inc. 5000 rankings are based on the largest percentage of employee growth over the last three years. Inc. Magazine said Connecticut companies on the list from 2014 to 2017 increased their headcount by an average of 130 percent. That ranked Connecticut third in New England behind nation- leading Maine (427 percent) and New Hampshire (267 percent) and ahead of Rhode Island (126 percent) and Massachusetts (87 percent). Five Connecticut companies were listed in the top 1,000 for percentage staffing growth. Wallingford and Stamford had the most companies listed with three, and Hartford, New Haven, Milford and New Milford each had two companies named. PDS has been meeting the needs of the construction industry since 1965. 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