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n e w h a v e n b i z . c o m | M a r c h 2 0 2 1 | n e w h a v e n B I Z 5 A r o u n d t h e R e g i o n e deal, which was effective as of Dec. 31, brings GSBWM's total assets under management to $448 million. e acquisition brings CTMA's financial planning, tax planning, executive benefits and corporate retirement experience to GSB. Ken Russell, president and CEO of GSB Wealth Management, said the deal means expanded capabilities for the company. Price Chopper/Market 32 to merge with Top Markets to form 300-store grocery chain Price Chopper/Market 32, a regional grocery chain with nine supermarkets in Connecticut, announced in February it would merge with Tops Markets to expand its footprint in the Northeast. e transaction is expected to close in the coming months. Financial terms were not disclosed. Both companies are based in New York and have established contiguous footprints, with Price Chopper's focusing on New England and Tops on New York. e new company will run nearly 300 stores with 30,000 employees. Price Chopper/Market 32 stores operate in Newington, Bristol, Windsor, Southington, Torrington and Oxford, among other Connecticut towns. Tops Markets operates 162 stores in New York, Pennsylvania and Vermont – including five run by franchisees – and employs 14,000 people. Wallingford manufacturer acquires Missouri company Amphenol Corp. has acquired Positronic, a Springfield, Mo.-based manufacturer of electronic connector products. Terms of the deal were not disclosed. Amphenol, which has its headquarters in Wallingford, has locations around the globe. It manufactures products such as electronic and fiber optic connectors and high-speed specialty cable. Its products are used in various industries, such as aerospace, military, automotive and broadband communications. Positronic, founded in 1966, has locations in the United States, France, Singapore, Indonesia, India and China. Amphenol President and CEO R. Adam Norwitt indicated that the company "remains focused on expanding its growth opportunities," which includes market and geographic diversification and an ongoing acquisition program. EMCOR SERVICES NEW ENGLAND MECHANICAL We'll be there when you need us. With 50+ years of experience and more than 300 continuously trained, licensed, and certified facilities services technicians, we provide a wide range of building construction and facilities solutions across New England. COUNT ON NEMSI FOR: HVAC, Plumbing and Process Piping Design-Build Construction Electrical Services Energy Management Systems LEED Certification Programs Comprehensive Preventive Maintenance Programs 24/7/365 Emergency Response Call 860.871.1111 Toll Free 800.741.6367 Fax 866.481.3250 55 Gerber Road East, South Windsor, CT 06074 nemsi.com OFFICES IN Trumbull | New London | Palmer, MA | Albany, NY | Manchester, NH License #s: E1-0125666 • S1-302974 • P1-203519 • F1-10498 • SM1-192 • MC-1134 B R I E F S PHOTO | CONTRIBUTED A Positronic facility in Springfield, Missouri. PHOTO | CONTRIBUTED A Price Chopper Supermarket Positronic has annual sales of approximately $80 million. PURA OKs Frontier restructuring, orders two-year commitment to CT jobs, HQ e Public Utilities Regulatory Authority recently gave final approval to a Chapter 11 bankruptcy reorganization plan submitted by Norwalk-based telecom Frontier Communications. Frontier, which filed for bankruptcy in April 2020, said the restructuring will eliminate more than $10 billion in debt and $1 billion in annual interest payments. e approval comes with a number of conditions. PURA ordered Frontier — for a period of two years — not to reduce its SNET workforce through involuntary attrition and to maintain its corporate headquarters in the state. Frontier provides data, voice and telephone services. Its number of landline customers in the state has plummeted in the age of the cell phone, and just 2,500 "plain old telephone service" customers now remain, according to PURA. Trumbull's CooperSurgical acquires CA medical device company Trumbull-based CooperSurgical has continued its buying spree with the purchase of a California company that has developed a device to treat heavy menstrual bleeding. e maker of women's healthcare products recently acquired Aegea Medical and its Food and Drug Administration-approved Mara Water Vapor Ablation System. Terms of the deal were not disclosed. Approved by the FDA last March, the Mara uses water vapor to destroy the lining of the uterus, the source of heavy bleeding for women who have not reached menopause, according to the company. e procedure takes two minutes and can be done in a doctor's office, the company said. A clinical study of 155 women found the procedure reduced menstrual bleeding and improved quality of life in nearly all participants one year aer treatment. n PHOTO | CONTRIBUTED The Mara Water Vapor Ablation System. PHOTO | CONTRIBUTED

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