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HARTFORDBUSINESS.COM | MAY 4, 2026 5 Jennifer Good is the co-founder and CEO of Trevi Therapeutics. HBJ Photo | Dave Krechevsky Trevi closes $173M stock offering New Haven-based Trevi Therapeutics Inc. has closed an upsized public stock offering, raising about $173 million to support development of its chronic cough treatment. The company in late April sold 13.34 million shares at $13 each. Proceeds, the company said, will fund late-stage clinical trials of Haduvio, its investigational therapy targeting chronic cough tied to lung diseases, along with general corporate purposes. BIZ BRIE FS deliveries of emergency vehicles. The complaint names companies including REV Group Inc., Oshkosh Corp. and American Industrial Partners, alleging a yearslong "roll-up" strategy reduced competition. Hartford claims fire apparatus prices have surged — in some cases by 50% — while delivery delays have lengthened. The city is seeking damages and court action to unwind acquisitions and restore competition. Trinity expands executive oversight of St. Francis Hospital system leadership responsibilities, while current regional CEO Montez Carter remains in place and will report to him. The move comes as St. Francis continues operating under a state consent order tied to staffing short- ages and patient care issues. The Hartford hospital also reported a roughly $55 million operating loss in its most recent fiscal year, under- scoring ongoing financial challenges. NFIB: Permanent tax break could boost CT small business hiring The National Federation of Indepen- dent Business says a now-permanent federal tax deduction could spur hiring and economic growth in Connecticut. The 20% small business deduction — created in 2017 and made perma- nent in July 2025 with passage of the One Big Beautiful Bill Act — allows many pass-through businesses to deduct a portion of their income. It had been set to expire at the end of 2025. NFIB projects the policy could generate about 14,000 additional jobs annually in the state over the next decade, along with roughly $887 million in yearly GDP growth. The group said the change provides certainty for business planning and helps smaller firms compete with larger corporations. Quinnipiac plans $180M bond deal to refinance debt Hamden-based Quinnipiac University plans to refinance a large share of its debt through a $180.5 million bond issuance, according to a preliminary financing document. The university is working with the Connecticut Health and Educational Facilities Authority to issue tax-exempt revenue bonds that will replace prior bond series and repay an existing loan. The bonds, expected to mature through 2045, will be backed by Quinnip- iac's general revenues. Moody's and S&P assigned the offering A3 and A- ratings, respectively. Quinnipiac reported $393.6 million in revenue and a $29.6 million operating surplus in fiscal 2025. West Hartford supplier acquired by NYC private equity firm A West Hartford-based aerospace supplier has been acquired by New York City private equity firm Behrman Capital, the firm announced. Metallizing Service Co., which provides protective coating services for aero- space and industrial applications, was founded in 1940. It supplies engineered coatings for commercial and military aircraft engines, as well as industrial gas turbines and related equipment. Financial terms were not disclosed. The deal was backed by financing from Barings, which served as lead agent on the credit facilities. Behrman, founded in 1991, focuses on invest- ments in defense, aerospace, health care and specialty industrial sectors. Trinity Health Of New England's sign outside St. Francis Hospital in Hartford. Photo | Joseph Driscoll Trinity Health Of New England has expanded the role of a New York-based executive to oversee operations in Connecticut, including St. Francis Hospital and Medical Center in Hartford. Dr. Steven Hanks, CEO of Trinity Health of New York, will take on broader