Archive for August, 2008

Transaction Activity for Upscale and Luxury Lodging Facilities Loses Momentum in First Half of 2008

DENVER, CO – Close to $3 billion in upscale and luxury lodging facilities traded during the first half of 2008, well below the $11.5 billion in individual property deals that occurred in the first half of 2007.

13Aug2008 | Contributing Editor | 0 comments | Continued
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Eastern Bank Subsidiary Acquires Kittredge Insurance Agency

NATICK, MA – Eastern Insurance Group announced the acquisition of Northborough-based Kittredge Insurance Agency, Inc., giving Kittredge’s customers access to a broader range of insurance products and services.

12Aug2008 | Contributing Editor | 0 comments | Continued

Vermont Castings Under New Ownership

PARIS, KY – Monessen Hearth Systems Company (MHSC), a manufacturer of fireplace, stove and hearth products has acquired key assets of CFM Corporation which include the Vermont Castings and Majestic Fireplaces brands.

10Aug2008 | Contributing Editor | 0 comments | Continued

Teledyne Acquires Cape Cod Underwater Vehicle Manufacturer

EAST FALMOUTH, MA – In early July 2008, Teledyne Technologies Incorporated (NYSE: TDY) through its subsidiary, Teledyne Instruments, Inc., completed the acquisition of the assets of Webb Research Corp.

7Aug2008 | Contributing Editor | 0 comments | Continued

Ten New England Places Among 100 Best to Launch a Business

CNNMoney.com has published a list of the the top 100 U.S. locations to live and launch a business. Each location was ranked according to “the best mix of business advantages and lifestyle appeal”. According the survey, the top ten New England locations were:

7Aug2008 | Contributing Editor | 0 comments | Continued

Second Cape Cod Manufacturer Acquired in $80 Million Deal

POCASSET, MA – Hydroid, Inc. a manufacturer of Autonomous Underwater Vehicles (AUVs), announced today the company’s acquisition by Kongsberg Maritime. The sale was announced in December 2007 pending U.S. Government approvals.

7Aug2008 | Contributing Editor | 0 comments | Continued