Infosys BPM, the business process management subsidiary of Infosys (NSE, BSE, NYSE: INFY), proudly announced the inauguration of its second facility at the Montana Industrial Park in Aguadilla, Puerto Rico. Supported by a US$200,000 investment and contributions from the Puerto Rico Economic Incentive Fund provided by the Department of Economic Development and Commerce (DDEC), this […]
RaceTrac, Inc., a family-owned leader in the convenience store industry, has officially completed the acquisition of Gulf Oil, LLC, a move that was previously announced in July. The transaction, which has received all necessary regulatory approvals and satisfied closing conditions, marks a significant expansion for RaceTrac. RaceTrac Acquires Gulf Oil’s Iconic Brand With this acquisition, […]
New Fortress Energy Inc. (NASDAQ: NFE) revealed its latest achievement on Wednesday, September 27th: the successful launch of its second U.S. government-sponsored power plant situated in San Juan, Puerto Rico. With an impressive 200+ MW capacity, this new facility mirrors the Palo Seco installation, a 150 MW facility commissioned in June. Both these energy assets […]
FranklinWH Energy Storage Inc., a front-runner in whole-home energy management, announced a pivotal $25 million in Series B funding led by Particle Future. This substantial investment aims to accelerate FranklinWH’s growth and cement its role as an innovative leader in offering whole-home energy freedom across households in the United States and Puerto Rico. Addressing the […]
Freshmart, a retailer of natural food products with seven stores located in Puerto Rico, has partnered with eGrowcery, a developer of eCommerce platforms for the retail food industry. The Puerto Rican retailer will leverage eGrowcery’s online sales and fulfillment solutions to enhance their customer experience. Jorge Machado — Freshmart President said: “We needed an eCommerce […]
New Fortress Energy said that NFE Power PR and NFEnergia, the company’s Puerto Rico subsidiaries, have signed agreements with Weston Solution to install and operate 150MW of additional electricity generation at the Palo Seco Power Plant in Puerto Rico along with the supply of natural gas. Weston Solution has secured a task order for supplying […]
Sonnedix, a solar independent power producer (IPP), has agreed to sell two operating solar power plants in Puerto Rico with a combined capacity of 73.2MW to ArcLight’s Infinigen renewables platform for an undisclosed price. The deal involves the Oriana and Horizon solar power plants alongside an operating and asset management team along with other entities […]
US health insurer Anthem has agreed to acquire the Puerto Rico-based subsidiaries of healthcare solutions provider InnovaCare Health for an undisclosed price. The deal will see Anthem acquire MMM Holdings and its Medicare Advantage (MA) plan MMM Healthcare and also affiliated firms and Medicaid plan. Gail K. Boudreaux – President and CEO of Anthem said: […]
Icahn Enterprises’ subsidiary Icahn Automotive which owns and operates Pep Boys, a US automotive aftermarket chain, has acquired Tecnicentros Mundial, a six-location automotive service chain based in Puerto Rico. The locations of Tecnicentros Mundial in Caguas, San Juan Centro, Campo Rico, Rio Piedras, Dorado, and Ponce will be converted to Pep Boys branded service centers. […]
Spanish banking giant Banco Santander has signed a deal to divest its retail and commercial banking franchise in Puerto Rico – Banco Santander Puerto Rico to First BanCorp, the bank holding company of FirstBank Puerto Rico for about $1.1 billion. Considered to be the fourth largest banking franchise in the US territory, Banco Santander Puerto […]