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V O L . X X I V N O. X M AY 1 4 , 2 0 1 8 8 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E Beer-themed hotel planned for Portland Shipyard Brewing Co. aims to build Portland's first beer-themed hotel, or 'brewtel,' as part of a $65 million rede- velopment plan. e Portland Press Herald reported that the proposal, sub- mitted with Bateman Partners, would include a first-floor tasting room and craft-beer room service. "It just feels like an opportune time to take advan- tage of the demand for space down- town," Fred Forsley, Shipyard's founder and president, said. Shipyard's existing brick brewery building and tasting room on India St. would be renovated. e rest of the buildings on the two- acre site would be demolished to make way for a 105-room hotel, a three-story residential building with nine units at Construction Loans Real Estate Development Rehab & Renovation Short Term Bridge Where others see buildings, we see communities. Where others see numbers, we see people. Where others see problems, we see solutions. Maine Capital Group provides single-source lending and strategic advisory services for small to mid-sized financing opportunities in the residential and commercial real estate markets. www.mainecapitalgroup.com Contact Shawn Lyden: slyden@mainecapitalgroup.com / 207-513-1059 4 C I T Y C E N T E R , 3 R D F LO O R , P O R T L A N D U N I V E R S I T Y O F M A I N E A T P R E S Q U E I S L E University of Maine at Presque Isle ★ www.umpi.edu ★ ONE OF MAINE'S PUBLIC UNIVERSITIES Participants should be 24 or older, have the equivalent of a high school diploma, and some prior college credit and work experience. umpi.edu/cbe STAY ON TRACK with our faculty & learning coaches EXPERIENCE COUNTS toward your degree FLAT TUITION RATE $ 2 , 000 per semester 207 768.9584 carolyn.dorsey@maine.edu 100% ONLINE Sign up now! It's your journey at your pace. DEGREE COMPLETION PROGR A M Accounting • Management and Leadership • Project Management B A C H E L O R O F B U S I N E S S A D M I N I S T R A T I O N MaineBiz_UMPI_qrtr.pdf 1 4/10/2018 5:44:34 PM Old Town engineering firm Sewall Co. sold to private investment firm B y M a i n e b i z S t a f f Old Town — Treadwell Franklin Infrastructure Capital LLC announced May 3 it has acquired 100% of James W. Sewall Co. of Old Town. Sewall is an engineering design, survey, geospatial and forestry and natural resources firm with 57 full-time employees. It has additional sites in Georgia, South Carolina and Minnesota. Terms of the acquisition were not disclosed. "We are very pleased and excited to complete this transaction with Sewall Co.," Stephen Rigal Jones, president and CEO of Treadwell Franklin, said in a news release. "We each have benefitted from our working relationship on mul- tiple project efforts and we view this business combination as transformational for both firms." Treadwell Franklin is a Delaware limited liability corporation founded in 2015, with headquarters in New York City and Portland. It focuses on invest- ment opportunities in the infrastructure sector. It is privately owned and man- aged by its partner-members. Andrew Nelson, executive vice presi- dent of Treadwell Franklin, was named chairman and CEO of Sewall. George N. Campbell Jr., advisory board chair- man of Treadwell Franklin, was named president of Sewall on May 1, concur- rent with the acquisition. "Sewall's long, impressive history as an important Maine company and its skill in engineering, design and geo- spatial mapping are a perfect complement to the young dynamic energy and acumen of TFIC," said Campbell, a Brewer native who has experience in real estate, law, public service and higher education. Treadwell Franklin said the Sewall name will be retained and it plans to continue serving the company's current clients, adding that it plans to expand Sewall's geo- graphic footprint and to co-locate key professionals and new staff at its Portland office. The two companies have worked together over several years on a variety of infrastructure, energy and environmental projects, with Treadwell Franklin pro- viding commercial and financial structuring capabilities and Sewall delivering technical and specialized engineering/design services. The buyer intends to leverage the technical resources of Sewall by "tilting toward infrastructure, especially in its development projects in transportation, energy, water/wastewater, social infrastructure, and a special effort around sustainable coastal structures and bridge maintenance" — adding that Sewall's environmental and geospatial capabilities are especially valuable. The company plans to spin out Sewall's forestry practice into a separate subsidiary in order to take advantage of its different business model and to maximize value going forward. Details on that transaction will be announced later, the company said. Through this acquisition, Treadwell Franklin also gains control of E4Research. org, a 501(c)3 nonprofit corporation created for research and development of projects and technologies in environmental and energy sectors. B R I E F We each have benefitted from our working relationship on multiple project efforts and we view this business combination as transformational for both firms. — Stephen Rigal Jones president and CEO of Treadwell Franklin

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