Mainebiz

V O L . X X I V N O. X X V I N OV E M B E R 1 2 , 2 0 1 8 8 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E Portland. Current tenants include the Cheese Shop of Portland, North Optical, Campfire Studios + Mulxiply, Evangeline Linens and All Those Who Wander Specialty Coffee Shop. Aland Realty opened a Kittery Foreside office, at 25 Government St., filling a key market between offices in Ogunquit and Portsmouth, N.H. Aland Realty is owned by husband-and-wife Chris and Mariah Erikson. Duluth Trading Co. opened its first Maine store in South Portland, at 55 Maine Mall Road. New Balance, with 900 Maine workers, will have new CEO New Balance Athletics Inc., which has 900 employees at its three Maine sites, announced that President and CEO Rob DeMartini will step down effective Dec. 31. He'll be replaced by a New Balance veteran, Joe Preston, who currently serves as chief commer- cial officer. New Balance has facilities in Norridgewock, Skowhegan and Norway, including more than 350 at its Norridgewock manufacturing plant. DeMartini has led New Balance for 12 years, overseeing global growth of the athletic brand from $1.5 billion in 2007 to $4.2 billion in 2018. During that time, New Balance regained its leadership in the specialty running category, expanded international sales to 65% from 30% and made significant strides in its apparel, retail and e-commerce business. N O T E W O R T H Y C E N T R A L & W E S T E R N TRIO Upward Bound program at the University of Maine Farmington received two federal supplemental grants totaling MAINE BUSINESSES THAT BOUGHT OTHER COMPANIES (INCLUDING SOME IN MAINE) Deals, deals, deals: Maine companies are hot property B y P e t e r V a n A l l e n T he recent acquisition of Waterboro-based Howe & Howe Technologies, maker of sophisticated off-road and robotic vehicles for the Army, is just the latest in what is shaping up as a very busy year of deals in Maine. Howe & Howe will become part of Textron Systems, itself a unit of the $14 billion defense contractor Textron (NYSE: TXT), owner of brands like Bell, Beechcraft and Arctic Cat. This list is from a search of Mainebiz archives (under keyword "acquired") and may not be comprehensive. It also does not include real estate deals, such as the sale of a B&B, nor does it include sales of vacant mills or company sites. B I Z M O N E Y DEALS FOR MAINE COMPANIES Headline Date ran WEX to acquire Noventis in strategic move to expand its corporate payments reach Oct. 23 CES acquires Florida engineering firm Sept. 25 Bangor Publishing acquires Pulse Marketing Agency Sept. 7 Westbrook accounting startup makes third acquisition, signals more to come (Buys Howgate & Harmon of South Portland) Aug. 15 Hammond Lumber expands its reach (Buys EBS Building Supplies, which has 10 Maine stores) July 9 Tyler Technologies acquires Portland cybersecurity firm (Sage Data Security LLC) May 2 Twin Rivers Paper to buy Arkansas paper mill (Deal was for a Mondi Group mill in Pine Bluff, Ark.) April 5 Reade Brower to acquire 50% ownership of The Portland Phoenix April 4 Reade Brower to own all Maine dailies except BDN (Deal was for The Times Record, Journal Tribune; he later bought other papers) March 26 Acquisition expands Auburn company's footprint into Rhode Island (Auburn-based Connectivity Point Design & Installation LLC bought assets of Computer Telephone Inc. in Warwick, R.I.) March 13 Hancock Lumber acquires Mainely Trusses, now employs 522 at 15 locations Feb. 7 Diversified Communications acquires U.K. company (Deal was for Tent Exhibitions Ltd. Of London) Feb. 1 Portland's PRC Industrial Supply buys Belgrade conveyor company (Deal was for ACE Conveyor Services of Belgrade) Jan. 4 Headline Date ran Textron Systems to buy Waterboro robotics firm: Howe & Howe Technologies Oct. 26 South Paris's Mingle Analytics merges with Utah's SilverVue Oct. 25 ND Paper to buy and reopen Old Town Mill, restoring 100 jobs Oct. 11 South African company buys Windham antenna maker mWave (Buyer was Alaris Holdings Ltd.) Oct. 5 Premium Brands completes acquisition of Ready Seafoods Sept. 20 Yarmouth entrepreneur leads effort to keep Fork Food Lab open Sept. 6 Maibec sells Masardis, St. Pamphile mills to another Quebec company (Buyer was Groupe Lebel of Riviere-du-Loup, Quebec) Aug. 8 Portland-based WPXT-TV to be acquired by Hearst (Seller was CW Television Network) July 31 Investor group with a range of business interests buys Maine Media Collective's assets (Buyer was the investor group State 23 Media LLC) June 15 Big week for Rumford: Pending sale of paper mill, $990K CDBG grant, two Opportunity Zones (Catalyst Paper sold to ND Paper LLC) May 29 Old Town engineering firm Sewall Co. sold to private investment firm (Buyer was Treadwell Franklin Infrastructure Capital LLC) May 4 Brunswick maker of all-weather speakers merges with Michigan company (Ann Arbor, Mich.-based buyer was Leon Speakers) May 2 Boyne Resorts completes purchase of Sunday River, Sugarloaf May 10 Bidding war erupts for Maine Water Co.'s parent firm (Connecticut Water Service Inc.) April 30 Vets First Choice to merge with spinoff of Fortune 500 company (Deal was with Henry Schein Inc.) April 28 Massachusetts lender acquires Cumberland County Mortgage (Buyer was HarborOne Bank of Brockton, Mass.) Feb. 5 Rhode Island company buys Boothbay Harbor Shipyard (Buyer was Bristol Marine) Jan. 11 CVS to acquire Apothecary By Design Jan. 8 $80,000 to support STEM education and academic support throughout the academic year and summer program. Northeast Bancorp, a full-service finan- cial services company and parent of Northeast Bank in Lewiston, reported net income of $4.5 million, or 49 cents per diluted common share, for the quar- ter ended Sept. 30. That compared to net income of $4.6 million, or 50 cents, for the quarter ended Sept. 30, 2017. In addition, on Oct. 29, the board of directors declared a cash dividend of a penny per share, payable on Nov. 23 to shareholders of record as of Nov. 9. Bucksport wants to host cruise ships Bucksport, a town of 5,000 on the Penobscot River, will pitch itself to major passenger cruise lines this winter, the Bangor Daily News reported, citing Richard Rotella, the town's economic development director. While cruise ships have anchored in Bucksport before, it was only in bad weather or when scheduled destinations were overcrowded, harbor- master Michael Ormsby told the news- paper. Town Manager Susan Lessard suggested that Bucksport could host ships that then send passengers by bus to Acadia National Park, an hour's drive. Bar Harbor and Portland lead the state for 2018 scheduled cruise ship stops, in a season that runs through early November. Rockland has put a cap on cruise visits to six a year, while several Mount Desert Island towns don't allow cruise ship traffic anymore, according to the BDN. N O T E W O R T H Y M I D C O A S T & D O W N E A S T Liberator Brewing Co. opened at 218 Main St. in Rockland. United Midcoast Charities in Camden said it became a Funding Information Network partner with Foundation Center, the leading source of informa- tion about philanthropy worldwide. Network partners help under-re- sourced and underserved populations succeed by providing them with infor- mation about funding sources and how to make effective grant proposals. Belfast City Council voted unanimously to accept Nobleboro-based LCI Fiber Optic Network's proposal to provide a M I D C O A S T & D O W N E A S T C E N T R A L & W E S T E R N

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