Mainebiz

March 21, 2016

Issue link: https://nebusinessmedia.uberflip.com/i/654267

Contents of this Issue

Navigation

Page 6 of 43

W W W. M A I N E B I Z . B I Z 7 M A R C H 2 1 , 2 0 1 6 house retail and residential condos. e four-story, 45-foot-tall building is proposed for the site of the former Port City Glass, at 62 India St. One of the developers involved is Joe Dasco, a partner in Reger Dasco Properties, which is building the 85-unit Bay House at Hancock and Newbury street a 39-unit project at 113 Newbury St. "We're here long term. We have some other opportunities were look- ing at," Dasco told the Portland Press Herald. " ere's little to no inventory on the market right now and demand is strong." While cost estimates con- tinue to change, a 650-square-foot condo could cost $300,000, while larger units could top $1 million. Brunswick Landing picks up another 200 jobs SaviLinx announced it would hire 200 more employees at its call center location at Brunswick Landing. e additional call center positions, which are scheduled to start in May, are the result of an expanded contract with an unnamed insurance company cli- ent. e announcement comes less than one month after Boston-based home furnishing store Wayfair said that it would be bringing 500 jobs at Brunswick Landing. Maine has more than its share of call center work due to employers being able to pay lower wages than the rest of the region, while remaining competitive with other local forms of employment. Connecticut equity fi rm scoops up Portland manufacturer Nichols Portland, a Portland manufac- turing fi rm with 375 employees, was sold to a Connecticut investment fi rm. Altus Capital Partners of Wilton, Conn., acquires a manufacturing company that makes gears for pumps in car, motorcy- cle and diesel engines, including trans- mission fl uid pumps. Its parts are found in all new Harley-Davidson motor- cycles, according to the Portland Press Herald. Rick Izor, the former general manager of Nichols and now president of the fi rm, told the Press Herald that Nichols was a good fi t for the Altus roster, because it invests in medium- sized manufacturing companies. In addition to manufacturing and selling gears and "smart" electronic pumps that are used as a fuel pump in diesel engines for heavy construction vehicles and tractors, Nichols also makes gero- tors, a part used to make pumps lighter and more effi cient. "We recognize and value management's depth of capabilities along with the company's exceptional technological advance- ments, which has earned Nichols Portland its industry leadership position," Russell Greenberg, manag- ing partner of Altus Capital, said. At the time of the deal, Nichols had 373 people at its site at 2400 Congress St. Izor said as its product line increases more jobs could be added. N O T E W O R T H Y S O U T H E R N Berman & Simmons, a law fi rm in Portland, expanded to represent clients harmed by pharmaceuti- cals or medical devices. The fi rm's specialty is representing plaintiffs in personal injury and medical mal- practice cases. Maine unemployment rate lowest since 2001 — Another indicator of business confidence UMaine system continues six-year tuition freeze — Financial aid for all 200 additional jobs headed to Brunswick Landing — ROI performance creates jobs dividend OTT Communications brings 10GB broadband service to eastern and northern Maine — Bandwidth boost for rural Maine Portland Jetport named best airport in North America — Flying higher than its peers Madison Paper mill shuttering in May — More like another nail in the coffin Former Great Northern mill under new ownership, again — If mill gets demolished, what then? Chamber leader: Funding cuts would threaten L/A business climate — Unification hits a speed bump Long er elver season to maximize harvest — If eels could talk, they'd disagree Research institute forecasts early lobster season start — Warming trend bodes ill for fishery's future Bath Saving Bath Saving Bath Saving Bath Saving Bath Saving Bath Saving Bath Saving Bath Saving Bath Saving Bath Saving Bath SavingS tru ru ruSt Company i t Company i t Company i t Company i t Company i t Company i t Company i t Company i t Company i t Company iS a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned a wholly-owned SuBS BS BSidiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath Saving idiary of Bath SavingS inStitution. titution. titution. titution. titution. titution. titution. titution. titution. titution. inve nve nve nveStment produ tment produ tment produ tment produ tment produ tment produ tment produ tment produ tment produ tment produ tment produCtS are not in are not in are not in are not in are not in are not in are not in are not in are not inSured ured ured ured ured By the y the y the y the y the fdi fdi fdi fdiC, are not depo C, are not depo C, are not depo C, are not depo C, are not depo C, are not depo C, are not depo C, are not depo C, are not depo C, are not depo C, are not depo C, are not depo C, are not depoSit it itS or o or o or o or oBligation ligation ligation ligation ligation ligation ligation ligation ligationS of the Bank, of the Bank, of the Bank, of the Bank, of the Bank, of the Bank, of the Bank, of the Bank, of the Bank, of the Bank, of the Bank, and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed and are not guaranteed By the Bank. y the Bank. y the Bank. y the Bank. y the Bank. y the Bank. y the Bank. y the Bank. y the Bank. y the Bank. inve nve nve nveStment produ tment produ tment produ tment produ tment produ tment produ tment produ tment produ tment produ tment produ tment produCtS are are are are SuBje je jeCt to inve t to inve t to inve t to inve t to inve t to inve t to inve t to inveStment ri tment ri tment ri tment ri tment ri tment ri tment ri tment riSk, in k, in k, in k, in k, inCluding the po luding the po luding the po luding the po luding the po luding the po luding the po luding the po luding the po luding the po luding the po luding the poSS SS SSiBle lo le lo le lo le lo le loSS SS SS of prin of prin of prin of prin of prin of prin of prinCipal. ipal. ipal. ipal. ipal. ipal. pa pa pa pa p St performan t performan t performan t performan t performan t performan t performan t performan t performan t performan t performanCe i e i e iS not an indi not an indi not an indi not an indi not an indi not an indi not an indi not an indi not an indi not an indiCation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future re ation of future reSult ult ult ultS. If you can't see yourself here, come see us. 1-866-670-7517 bathsavings.com 1-866-670-7517

Articles in this issue

Links on this page

Archives of this issue

view archives of Mainebiz - March 21, 2016