Hartford Business Journal

4 Hartford Business Journal • April 15, 2019 • www.HartfordBusiness.com Week in Review Berlin's Jenfab is Missouri bound A longtime Berlin maker of industrial- parts washing machinery is relocating operations to its parent's Springfield, Mo., headquarters and has offered some of its Connecticut workers the chance to follow their jobs. Jenfab Cleaning Solutions announced the impending move on its homepage, saying its new 60,000-square-foot headquarters complex has plenty of space for current and future operations. The plan is to wrap up remaining production and vacate its leased Berlin facility at 555 Wethersfield Road by the end of May, Jenfab spokesman Jason Fulp said. Jenfab's Berlin operations will be fully incorporated into the Springfield operation by Aug. 1. Jenfab's washers are used in nearly every industrial and automotive production, maintenance and restoration operation in America, Fulp said. Infinity Music Hall sold to Fairfield entertainment company Infinity Music Hall, which opened its downtown Hartford venue to much fanfare in 2014, is getting new ownership. Fairfield-based GoodWorks Entertainment Group, a full-service live-entertainment company, announced it has acquired Infinity Music Hall's Hartford and Norfolk locations. GoodWorks said it has been the exclusive talent buyer for Fairfield Theatre Company for more than a decade. It is also a preferred promoter and talent- buyer for 10 regional venues, it said. The new ownership will rebrand both venues GoodWorks Infinity. Windsor's Stanadyne acquires S.C. engine-parts maker Windsor automotive-parts maker Stanadyne LLC says it's acquired a producer of diesel fuel injectors and turbochargers based in South Carolina's Capital City. The global company, which manufactures fuel pumps and fuel injectors for diesel and gas engines, announced it acquired independent supplier Pure Power Technologies Inc., of Columbia, S.C., for an undisclosed sum. Pure Power has produced more than 30 million diesel-fuel injectors since its inception in 1999. The combination adds to Stanadyne's existing East Coast presence in Jacksonville, N.C., and five other international locations in Europe and Asia. Stanadyne is headquartered on a 52-acre campus at 92 Deerfield Road in Windsor, where it built a 60,000-square- foot research and development laboratory in 2011 after moving its manufacturing operations to North Carolina. Va. firm buys Farmington's eBenefits A Virginia-based insurance firm says it's acquired eBenefits Group Northeast LLC, an employee benefits insurance agency in Farmington and Wallingford. The Hilb Group LLC, headquartered in Richmond, Va., did not disclose financial terms of the deal, which closed April 1. The companies said eBenefits, based in the Unionville section of Farminton at 30 Mill St., will continue operating at its two Connecticut locations under its existing brand. EBenefits is led by co-founder and principal Stephen J. Repka II, principals Robert Ford and Gary Dunn, and Darlene Kish, partner and senior vice president. The Hilb Group, a portfolio company of Boston-based private equity firm Abru Partners, has been expanding its New England footprint this year, acquiring a Rhode Island insurance agency in January and another insurance outfit in March. Founded in 2009, the company now operates 74 offices in 17 states. Report: CT jobs rely increasingly on international trade The number of Connecticut jobs supported by international trade has grown nearly 9 percent over the past year, according to a recent analysis from a national group of corporate CEOs. The report, backed by Business Roundtable and conducted by Trade Partnership Worldwide, said exports and imports supported approximately 467,800 Connecticut jobs in 2017. That's up 8.6 percent, or 37,100 jobs, from BRT's year-ago study, which identified 430,700 Connecticut jobs supported by international trade. That amounted to just under one in five jobs. In total, Connecticut exported an estimated $14 billion in goods and $10.6 billion in services in 2017. While exports were mostly flat compared to 2016, the latest data from the U.S. Commerce Department show the total value of Connecticut exports rose more than 17 percent in 2018. TOP STORY Farmington's Diameter Health raises $9.6M F armington medical-technology company Diameter Health says it raised $9.6 million in its latest fundraising round. Diameter Health, which helps health information exchanges, IT vendors and care providers and payers consolidate and better evaluate clinical data, announced its recent funding round was led by new investor Optum Ventures, an independent venture fund of Minnesota-based Optum, a pharmacy benefit unit of UnitedHealth Group. Diameter Health officials say the fresh capital will help grow its operations, including improving cloud delivery and other commercial resources. BY THE NUMBERS 467,800 The number of Connecticut jobs supported by exports and imports, according to a new study by Trade Partnership Worldwide. $500,000 The approximate amount Mayor Luke Bronin raised during the first three months of 2019 to help fund his re- election campaign. $75,000 The voluntary buyout Stop & Shop said it was offering to full-time em- ployees with 25 years of service as part of a bid to end a months-long labor dispute with its employees. $100M The amount billionaire Greenwich hedge-fund operator Raymond Dalio and his family are pledging to donate to boost public education and economic opportunities in poor Connecticut com- munities. TOP 5 MOST READ On HartfordBusiness.com • 1. CT Innovations pursues Colt Gateway in Hartford-New Haven HQ split • 2. W. Hartford apt. pair sold at $12.2M • 3. Hartford's Costa del Sol restaurant closed temporarily • 4. Costco eyes South Windsor • 5. Stop & Shop offers $75K buyouts to end labor fight STAY CONNECTED For breaking and daily Greater Hartford business news go to www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln: www.linkedin.com/company/ the-Hartford-Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend www.HartfordBusiness.com/ subscribe Weekly e-newsletters: CT Health Care Weekly www.HartfordBusiness.com/ subscribe Diameter Health CEO Eric Rosow. PHOTO | HBJ FILE Dan Hincks has sold his Infinity Music Hall operations in Hartford and Norfolk. PHOTO | HBJ FILE

• Cover