Mainebiz

W W W. M A I N E B I Z . B I Z 7 A P R I L 1 8 , 2 0 1 6 UNM), which is based in Chattanooga, Tenn., entered into an agreement to buy H&J Capital LLC, parent of Starmount Life Insurance Co. and AlwaysCare Benefi ts, for $127 mil- lion plus net assets. e deal expands Unum's portfolio of workplace fi nancial protection products. " is strategic transaction is a perfect fi t for both our Unum US and Colonial Life businesses, as we expand our customer relationships in pursuit of our growth objectives," Unum President and CEO Rick McKenney said. Unum is a leading nationwide provider of fi nancial protection ben- efi ts at work, including disability, life and supplemental health products. Starmount covers more than 940,000 lives nationally, manages in-force annualized premium in excess of $180 million and has access to signifi cant national dental and vision networks. While headquartered in Tennessee, Portland is Unum's largest campus. N O T E W O R T H Y S O U T H E R N A New Balance Factory Store opened at Center Four in the Kittery Premium Outlets, a Simon Property Group retail center in Kittery. The Economic Development Admin- istration's 2015 Regional Innovation Strategies program awarded $390,000 to the Maine Center for Entrepreneurial Development in Portland for its Top Gun Rural Accelerator Network Expansion and $250,000 to Coastal Enterprises Inc. in Portland for its CEI Natural Re- source Business Seed Capital Fund. Day One, a South Portland agency preventing and treating adolescent substance abuse, announced that it was awarded a two-year grant for its residential program and a one-year grant for its Natural Helpers of Maine program from United Way of York County totaling $46,500. Concentra, a health care company in Addison, Texas, said through its sepa- rate joint venture partnerships with MaineHealth and Central Maine Medical Center it recently completed an asset purchase of Central Maine Partners in Health in Portland. Tawnya Brown, a co-owner of Central Maine Partners in Health, will remain with the company as director of operations for Maine. United Way of York County in Kennebunk said 37 nonprofi ts will re- ceive $640,000 in grants in 2016. Pine Tree Legal Assistance in Portland was awarded a two-year grant from United Way of York County total- ing $20,000 to support homelessness prevention and economic security for families in York County. North Yarmouth Academy was award- ed a $25,000 grant from the Davis Family Foundation for the creation of a new innovation lab. Maine Center for Elder Law LLC in Kennebunk announced it will open a new branch offi ce at 4 Market Place Drive in York. The National Endowment for the Humanities awarded a grant of $82,248 to the Maine Humanities Council in Portland to fund book groups for Maine veterans and $69,000 to York County Community College in New capital fund targets aerospace giants — Boeing and Airbus take note! Falmouth serves as launch pad for Flagship Premium Cinemas — Power recliners with popcorn optional Portland's smallest brewery to open this summer — Starting small, but shooting for the stars Navy budget proposal would provide BIW solid funding — Job security along the Kennebec Casco Bay Island Ferry Service nabs $296K grant for parking upgrades — Island commuters get a nod from Uncle Sam Maine Yankee awarded $24.6M for continued fuel storage — Tab keeps rising on long-term storage of nuclear waste Another Maine video rental shop rolls its final credits — Internet scores another win over Main Street LePage 'sworn to secrecy' about company cutting 900 jobs — Or, is it two companies? Sudden closure of mental health care provider leaves 180 jobless — Closing blamed on MaineCare cuts Lincoln and Old Town paper mills heading to auction — Tree-falling gives way to free-fall collapse 800.777.5244 www.TalkWithNorton.com Specialists in business insurance and employee benefits. Talk with Norton. MAXIMIZE THE REWARDS. Minimize The Risk. Cyber Liability Workers' Compensation Property & Casualty

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