Mainebiz

W W W. M A I N E B I Z . B I Z 11 M AY 1 8 , 2 0 1 5 recovery from mental health and substance abuse issues. The board of directors of the Finance Authority of Maine approved 90% loan insurance on a $3.5 million loan by Caisse Centrale Desjardins U.S. Branch to Polycor New England Inc. to help fi nance the purchase of a quarry and the construction of a curb manufacturing facility in North Jay. Ex-waitress sues Moody's Diner in federal court A former waitress at Moody's Diner in Waldoboro is suing the restaurant in federal court over allegations that she was discriminated against for religious reasons. e Bangor Daily News reported that Allina Diaz's lawsuit was fi led in U.S. District Court in Portland, several months after the Maine Human Rights Commission ruled in her favor, fi nd- ing that there was enough evidence to support her claims. e lawsuit C ribstone Capital Management, which on May 1 became inde- pendent and is longer associated with Ameriprise Financial, later in the month partnered with Dynasty Financial Partners, a New York- based developer of high-end, open architecture wealth management solutions and technology. Dynasty will help Cribstone tran- sition into an independent registered investment adviser fi rm, said Scott Upham, co-founder of Cribstone and the company's managing partner and director of wealth management. Cribstone, named after the granite bridge linking Bailey and Orr's islands in Harpswell, will join the 30 other independent fi nancial adviser fi rms supported by Dynasty. Upham said the grouping will help with negotiat- ing contracts for new technology. He said Cribstone sought its independence because it wanted to enhance its technology to better man- age portfolio management risks and implement its ideas, and Ameriprise didn't have the latitude in its system. He also wanted Cribstone to serve as a fi duciary. Being a Maine-registered fi rm also is important, he said. Cribstone is led by Upham, Odette Galli and John Duff y, who work with fi ve associates. Upham specializes in multi-generational families, nonprof- its, foundations and business owners. He previously was a regional director with Russell Investments for seven years and was with American Express, Putnam Investments and Fleet Investment Management. Upham co-founded Cribstone more than two years ago, and joined with Galli, who had been at Cribstone and is now partner and director of investment strategies at Cribstone, to launch the company independently. Financial adviser Duff y, who serves as partner and director of retirement plan services, was founder and managing part- ner of Duff y Anderson Investment Management LLC. Joel D. Davis, the other co-founder, wrote on the company's website that he will remain active as chairman emeritus of Cribstone and will con- tinue in a consultative role. Diagnosed with Parkinson's disease eight years ago, he noted the progression of his disease is slow, and he and his wife are now cruising America's Great Loop. Upham said he asked Duff y and Matt Daigneault, also formerly of Duff y Anderson Investment, to join Cribstone. Upham, Duff y and Daigneault are expected to bring with them most of their former clients with about $425 million total under manage- ment. Upham said they are about 90% toward that goal, and expect to bring the total amount over to the indepen- dent company in the next 30 days. Headquartered in Brunswick, Cribstone also has offi ces in Augusta and Cumberland Foreside. About 75% of Cribstone's clients are high net worth Mainers, almost all of whom give to philanthropies tied to the environment. Cribstone runs the retirement portfolios of CEI, Maine Farmland Trust and the Natural Resources Council of Maine. Cribstone plans to use Dynasty's customized wealth management platform. B I Z M O N E Y B Y L O R I V A L I G R A Cribstone Capital Management partners with Dynasty Actually, there's quite a bit of new happening What's new at Mainebiz? FACT BOOK: DOING BUSINESS IN MAINE E n E r g y E n E r g y Vo l . X X N o. X I V w w w. m a I N e b I z . b I z 12 13 Fa c t bo o k 2 0 14 Fa c t bo o k 2 0 14 I n t h I s s E c t I o n Petroleum consumption in New England . . . . . . 12 Natural gas prices in Maine . . . . . . . . . . . . . . . 12 Maine electricity sales, by sector . . . . . . . . . . . 12 Total electric customers in Maine . . . . . . . . . . . 12 Net electricity generation in New England by wind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Net electricity generation in Maine, by energy source . . . . . . . . . . . . . . . . . . . . . . . 14 Total gasoline consumption in Maine . . . . . . . . 14 Total propane consumption in Maine. . . . . . . . . 14 Average electricity prices in Maine . . . . . . . . . . 14 2013 2004 Percent change, 2004–2013 Share of New England total, 2013 Share of U.S. total, 2013 Connecticut 6,001 7,403 -18.9% 22.6% 1.0% Maine 4,116 4,769 -13.7% 15.5% 0.7% Massachusetts 9,640 13,372 -27.9% 36.3% 1.6% New Hampshire 2,892 3,873 -25.3% 10.9% 0.5% Rhode Island 2,152 2,662 -19.1% 8.1% 0.4% Vermont 1,686 1,816 -7.2% 6.3% 0.3% New England 26,565 34,011 -21.9% 100.0% 4.4% United States 610,045 653,468 -6.6% 100.0% Petroleum consumption in New England 1 Thousands of gallons per day, 2004–2013 1 Based on deliveries by prime supplier. Based on deliveries by prime supplier. Based on deliveries by prime supplier Some annual data withheld to avoid disclosure of individual company data. S o u r c e : U.S. Energy Information Administration 2003 2012 Percent change, 2003–2012 Residential 657,946 703,770 7.0% Commercial 99,925 89,048 -10.9% Industrial 2,988 2,780 -7.0% All sectors 760,859 795,598 4.6% Total electric customers in Maine, 2003–2012 S o u r c e : U.S. Energy Information Administration Natural gas prices in Maine Dollars per thousand cubic feet, 2009–2012 Maine electricity sales, by sector Million kilowatt hours, 2013 S o u r c e : U.S. Energy Information Administration S o u r c e : U.S. Energy Information Administration D N o S a J J m a m F J D N o S a J J m a m F J 0 100 200 300 400 500 D N o S a J J m a m F J Residential Commercial Industrial $0 $5 $10 $15 $20 D N o S a J J m a m F J D N o S a J J m a m F J D N o S a J J m a m F J D N o S a J J m a m F J Commercial Industrial Residential 2010 2011 2012 2013 2011 2012 Percent change 2011–2012 CT 0 0 0.0% ME 707 887 25.5% MA 61 90 46.1% NH 66 209 215.8% RI 3 1 -52.6% VT 33 107 222.1% New England 870 1,294 48.6% U.S. Total 120,177 140,822 17.2% Net electricity generation in New England by wind Thousand megawatt hours S o u r c e : U.S. Energy Information Administration Coal Petroleum Natural gas Hydroelectric Wind Wood and wood derived fuels Other biomass 1 Other energy sources 2 Total Jan. 10 57 520 361 106 280 18 22 1,374 Feb. 10 55 352 339 89 268 17 21 1,153 Mar. 6 2 426 356 100 276 19 22 1,207 Apr. 4 16 360 324 98 172 17 18 1,011 May 3 5 355 351 74 203 18 21 1,031 June 4 4 416 374 66 289 20 30 1,203 July 2 24 491 350 57 292 21 29 1,268 Aug. 3 8 412 281 68 292 20 29 1,114 Sep. 3 1 378 275 74 286 19 27 1,064 Oct. 3 2 358 285 87 260 20 30 1,045 Nov. 5 2 395 286 128 282 19 31 1,150 Dec. 9 48 504 335 97 292 19 29 1,333 TOTAl 63 225 4,968 3,917 1,044 3,193 226 309 12,753 Net electricity generation in Maine, by energy source Thousand megawatt hours, 2013 1 Includes biogenic municipal solid waste, landfill gas, sludge waste, agricultural byproducts, other biomass solids, other biomass liquids, other biomass gases (including digester gases and methane), paper pellets, railroad ties, utility poles, wood chips, bark, red liquor, sludge wood, spent sulfite liquor, and black liquor, with other wood waste solids and wood-based liquids. 2 Includes non-biogenic municipal solid waste, batteries, chemicals, hydrogen, pitch, purchased steam, sulfur, tire-derived fuel and miscellaneous technologies. S o u r c e : U.S. Energy Information Administration 1 Based on deliveries by prime supplier. Based on deliveries by prime supplier. Based on deliveries by prime supplier S o u r c e : U.S. Energy Information Administration Total gasoline consumption in Maine 1 Thousands of gallons per day, 2001–2013 0 500 1,000 1,500 2,000 2,500 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 Total propane consumption in Maine 1 Thousands of gallons per day, 2001–2013 1 Based on deliveries by prime supplier. Based on deliveries by prime supplier. Based on deliveries by prime supplier S o u r c e : U.S. Energy Information Administration 0 50 100 150 200 250 300 350 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 Average electricity prices in Maine Cents per kilowatt hour, 2007–2013 1 According to the U.S. Energy Information Administra- tion, full-service providers offer generation and distribution services, while energy-only providers generate electricity but do not offer distribution services. S o u r c e : U.S. Energy Information Administration Full-service providers 1 Commercial Industrial Residential 0 5 10 15 20 2012 2011 2010 2009 2008 2007 Total electric industry Commercial Industrial Residential 0 5 10 15 20 2013 2012 2011 2010 2009 2008 2007 Energy-only providers 1 Commercial Industrial Residential 0 5 10 15 20 2012 2011 2010 2009 2008 2007 16 Profiles of Success Profiles of Success 17 be a growth sector for us. Our skills and high attention to safety are a perfect fit for the ex- attention to safety are a perfect fit for the ex- attention to safety are a perfect fit for the ex panding work in this market," says Sturtevant. CCB employees have skills in concrete, rig- ging, mechanical, millwright and pipefitting that translate well to work on transmission and distribution projects as well as in utility power generation plants. New to CCB's portfolio is the construction of foundations for wind turbines, recently showcased in its work completing foundations for the turbines at Beaver Ridge in Freedom, Maine. CCB sets itself apart from other commercial construction firms because of its commitment to self-performance. Using CCB employees in concert with key subcontractors allows for a tightly integrated construction management process that brings quality, safety, schedule and cost containment into each project. CCB's ability to maintain a well-trained core of craftspeople is rooted in its long tradition of hiring from the union trades. "Since 1945, the construction trades have been very important to this company," says Sturtevant. Many of CCB's supervisory and trade employees gained experience and apprenticeship training in the construction trades and bring their experience and technical training to the company. "Education and experience are a powerful combination," says Sturtevant. Through an aggressive safety program, CCB continually maintains a strong record of safety. "Safety is not a process that begins and ends; it evolves," says Sturtevant. Dedication to workplace safety has led CCB to receive safety awards from the Associated General Contractors of America in Maine and nationally. CCB has been recognized for its commit- CCB has been recognized for its commit- CCB has been recognized for its commit ment to the communities where it works. In 2005, CCB received the AGC of Maine's Build Maine Award for its complete historic renova- tion of the St. Dominic's Girls School into affordable housing in Portland, Maine. The company's community service spreads across the state and includes the donation of labor and materials over the past three years for renovations at the Children's Museum in Augusta. Since January of 2007, CCB has been actively involved with the Westbrook Food Pantry participating in monthly food dona- tions. In 2009, motivated by the success of previous years, CCB organized others in the Westbrook business community to join in its monthly year-long food drive. Running a successful company like CCB comes down to staying focused on the success of each project and each employee, and being a good corporate citizen. Having in-house experience with many different construction disciplines has proven to be a good business decision for the company. "If you need skilled finish carpenters capa- ble of installing very expensive wall paneling and moldings, we have that expertise. If you need a supervisor that has torn apart a paper machine or a gas turbine, we have that exper- tise as well," says Sturtevant, "This is really one of the key points that makes CCB unique." As mills began to close, the company demonstrated its di- versity of expertise and today is at the forefront of innova- tive construction projects in Maine, New Hampshire, Massachusetts and New York. For 64 years, CCB Inc. has been a Maine-based provider of construction ser- vices to commercial, institutional, health- care, energy-sector and industrial clients in Maine, New Hampshire, Vermont, Massachusetts and beyond. The compa- ny's self-performing capabilities make CCB unique to its industry. As a multi-disciplined company, CCB is able to leverage its technical management, supervisory and labor resources to meet the needs of clients across New England. CCB provides civil, heavy concrete, all as- pects of rough and finish interior carpentry and structural steel erection to their clients. These services combined with its heavy rig- ging, millwright, mechanical and pipefitting services for power-generating, heavy industrial and paper-mill clients demonstrate CCB's di- versity of experience. Completing more than 450,000 work hours each year and managing key subcontractors, CCB has become a seamless partner with com- panies around New England. "We are a guest in their facilities," says CCB's President Beth Sturtevant. "The more quickly we can provide our high-quality construction service, the soon- er that client is back to producing their product." CCB has the unique position of being a woman-owned company. Sturtevant joined CCB in 1982 as a field accountant/engineer. After becoming a minority shareholder in 1992, Sturtevant assumed the role of vice president of operations until 2004 when she purchased the majority interest in CCB and took on the role of president. Under Sturtevant's leadership, CCB's growth doubled and the company has expand- ed its geographical reach into Vermont and Massachusetts. Sturtevant has continued the company's long commitment to specialized craftsmanship and customer service by main- taining high levels of training among manage- ment and craft personnel. CCB is always looking for new opportunities and markets. "You can't get complacent in this industry, especially in Maine. It's a small state with a limited quantity of industry. We are al- ways looking for opportunities where resourc- es are needed and where our niche as a self- performing contractor can be utilized," says Sturtevant. One example of this is CCB's involvement in hydro and electrical substation projects throughout New England. Energy generation, transmission and distribution provide great op- portunities for the company. "This is going to CCB Inc.'s services extend from heavy concrete construction to all aspects of rough and finish carpentry PHOTO/BRANDON MCKENNEY Beth Sturtevant, president/principal owner, and Donald Raye, vice president of finance/owner, review a contract in CCB Inc.'s Westbrook branch office Year founded: 1945 Locations: Westbrook (headquarters), Old Town, Wilmington, Mass. Employees: 125 to 250 Industry: Building & Real Estate C C B I N C O R P O R AT E D F or many years, construction in the paper-mill and industrial market was CCB Inc.'s primary focus. CCB employees work on a recent structural steel erection project PHOTO/COURTESY OF CCB INC. PHOTO/BRANDON MCKENNEY More resources More data More stories about doing business in Maine Includes meeting facilities info Expanded distribution outside of Maine Opportunity to showcase your company in a business profile Also available as a digital edition Coming July 6 dbrassard@mainebiz.biz 207.761.8379 x327 @Mainebiz Questions? Comments? We welcome your feedback. Email us, call us, tweet us! M I D C O A S T & D O W N E A S T

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