Massena green hydrogen project : Air Products has announced plans to invest about $500m to build, own, and operate a green hydrogen production facility in Massena, New York. To be located at a greenfield site, the green hydrogen plant in Massena will have a capacity to produce 35 metric tonnes of green liquid hydrogen per […]
Micron Technology, an American manufacturer of memory, has announced plans to invest up to $100 billion to build a mega semiconductor fabrication facility in Clay, New York. The investment in the new megafab will be made over the next 20 years. It is said to become the largest semiconductor fabrication facility in the history of […]
The Hilb Group, a property and casualty and employee benefits insurance brokerage, has acquired New York-based Abatelli Insurance Agency for an undisclosed price. Headquartered in Whitestone, Abatelli Insurance Agency is claimed to has served the Long Island area, Queens borough, and beyond for over 100 years. Siblings Eileen Black, James Abatelli, Phillip Abatelli III, and […]
Arthur J. Gallagher & Co. (Gallagher) has agreed to acquire M&T Insurance Agency, Inc. (MTIA), a retail insurance agency, from M&T Bank Corporation for an undisclosed price. Established in 1955, M&T Insurance Agency provides a range of property and casualty products, tailored group benefits, and surety solutions The retail insurance agency serves the Northeast and […]
RWE AG, a German renewable energy company, has signed a deal worth $6.8 billion to acquire Con Edison Clean Energy Businesses (Con Edison CEB) from American electricity and gas utility Con Edison, Inc. Con Edison Clean Energy Businesses, which is based in New York, has nearly 3GW of operating renewable energy capacity in the US. […]
HCLTech (formerly HCL Technologies) said that it has been named as the official digital transformation partner of the MetLife Stadium, the New York Giants, and the New York Jets. The Indian IT services provider has also been appointed as the official cornerstone partner of the MetLife Stadium located in East Rutherford. C Vijayakumar — HCLTech […]
Tech24, a US-based provider of repair and maintenance services for foodservice and commercial HVAC equipment, has acquired AmeriCold and Arrowhead Commercial Equipment. The financial terms of the deal were not revealed by Tech24, which is backed by HCI Equity Partners. Doug McCormick — HCI Equity Partners Managing Partner said: “We are very proud of Tech24’s […]
GlacierPoint Enterprises, a portfolio company of Mill Point Capital, has acquired Marina Ice Cream Corp., a full-service direct store delivery (DSD) distributor of ice cream and other food and beverage products in the New York Metro region. The financial terms of the deal were not disclosed by GlacierPoint Enterprises, which is the parent company of […]
MSC Industrial Supply, a distributor of metalworking and maintenance, repair, and operations (MRO) supplies, has acquired Tower Fasteners, a New York-based distributor of original equipment manufacturer (OEM) fasteners and components. The financial terms of the deal were not disclosed. MSC Industrial Supply made the acquisition through its subsidiary — All Integrated Solutions (AIS). The deal […]
Toronto-Dominion Bank (TD Bank Group) has agreed to acquire Cowen Inc., a publicly-listed American investment banking company, in an all-cash deal worth $1.3 billion or $39 per share. The deal enables the Canadian banking group to grow its investment banking business and capabilities in the US. Bharat Masrani — TD Bank Group President and CEO […]