TriMech, a Virginia-based technology partner to engineers and manufacturers, has acquired the Mastercam CAM software businesses of MACDAC Engineering and Compumachine. The financial terms of the two deals were not revealed by TriMech, which is a portfolio company of private equity firm Halifax Group. MACDAC Engineering, which is based in Somers, Connecticut, is a Mastercam […]
Altus Power, a Connecticut-based clean electrification company, has wrapped up its previously announced $1.58 billion merger deal with blank check company CBRE Acquisition Holdings (CBAH). The deal, which was announced in July 2021, was approved unanimously by CBAH’s board of directors. It was approved by CBAH’s stockholders earlier this month. Following the merger, Altus Power […]
Indian IT technology company HCL Technologies has opened its previously announced global delivery center in Hartford, Connecticut. According to HCL Technologies, its new center will cater to its flagship client — Stanley Black & Decker, an American manufacturing company. Besides, the Hartford global delivery center will be expanded to support clients across industries such as […]
GS Foods Group, a US-based specialized food distributor owned by affiliates of Highview Capital and A&M Capital Partners, has acquired Thurston Foods for an undisclosed price. Based in Wallingford, Connecticut, Thurston Foods is a full-service food distributor. With over 50 years of industry expertise, GS Foods is said to encompass a collection of specialist foodservice […]
Swedish engineering company Sandvik has agreed to acquire CNC Software Inc., a US-based CAD/CAM software solutions provider for manufacturing industries. The terms of the deal were not disclosed. CNC Software had developed the computer aided manufacturing (CAM) brand — Mastercam. The company will come under Sandvik Manufacturing and Machining Solutions’ design and planning automation division. […]
DGT Associates, a New England-based surveying and engineering firm, has acquired Connecticut-based Mattern & Stefon Land Surveyors for an undisclosed price, as per an announcement made in March 2021. Through the acquisition, DGT Associates will serve the clients of Mattern & Stefon Land Surveyors in southeast Connecticut. Mattern & Stefon Land Surveyors marks the fourth […]
Connecticut-based Aquarion Company, the owner of Aquarion Water Company, has agreed to acquire New England Service Company (NESC) for $44.9 per share in an all-stock deal. New England Service Company, which is based in Plainville, Connecticut, is mainly involved in the operation, management, and financing of water systems and other associated activities. Formed in 1997 […]
The Hilb Group (THG), a US property and casualty (P&C) and employee benefits insurance brokerage, has acquired Andrews Benefits based in Connecticut for an undisclosed price. Andrews Benefits, which is an employee benefits provider, caters to clients in a range of industries with strategies and long-term solutions. As part of the deal, Christine Andrews, Peter […]
M&T Bank Corporation has signed an all-stock deal worth around $7.6 billion to acquire rival US bank holding company People’s United Financial. Headquartered in Bridgeport, Connecticut, People’s United Financial is the holding company of People’s United Bank. Established in 1842, People’s United Bank provides commercial and retail banking via more than 400 retail locations across […]
World Insurance Associates (WIA), an insurance brokerage, has acquired Flanagan Associates based in North Haven, Connecticut, for an undisclosed price. Founded more than 30 years ago, Flanagan Associates has experience in personal, commercial, and life insurance. Its team is said to work with regional and national insurance carriers to offer the best quality coverage and […]