Mergers and Acquisitions

Hess Acquires Eleven Cape Cod Gasoline Convenience Stores

CAPE COD, MA – On January 30, 2009 Hess Corporation acquired 11 Christy’s of Cape Cod gasoline-convenience stores. The sale included the purchase of six properties and lease assumptions on the remainder.

23Feb2009 | Contributing Editor | 0 comments | Continued

Brokers Strike the Right Match with Tinder Box Sale

MASHPEE, MA – Kinlin Grover GMAC Commercial Real Estate based in Orleans, MA announced that Turnstone Enterprises has sold The Tinder Box to Jim and Cecelia Sullivan of East Sandwich, MA.

26Nov2008 | Contributing Editor | 0 comments | Continued
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International Firm Engineers Strategic Acquisition

PORTLAND, ME – AMEC, the international engineering and project management company has acquired OEST Associates, Inc. an engineering and architecture firm headquartered in Portland, Maine.

6Nov2008 | Contributing Editor | 0 comments | Continued

Manager Purchases Franchised Restaurant Publication

BANGOR, ME – William (Bill) Buckley of Bangor, ME and President of Coffee News USA, Inc. announced this week the purchase of the parent company and intellectual property rights for the Coffee News franchise system.

5Nov2008 | Contributing Editor | 0 comments | Continued

Vermont Electrical Supplier Acquired

CANTON, MA – Needham Electric Supply (NESCO), a full-service electrical distributor announced that the Rutland, Vermont branch of Walsh Electric Supply will join its Yankee Electric Supply family, NESCO’s Vermont and New Hampshire-based division.

30Oct2008 | Contributing Editor | 0 comments | Continued
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Marine Lumber of Nantucket, MA Acquired by Investment Firm

NANTUCKET, MA – Intercontinental Real Estate Corporation a national real estate investment, development and management firm headquartered in Boston, MA, announced the acquisition of the Marine Lumber Company in Nantucket, MA.

27Sep2008 | 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

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

RBC Bearings Inc. Acquires Connecticut Manufacturer

OXFORD, CT – RBC Bearings Incorporated (NASDAQ: ROLL), an international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, announced it has acquired the assets of Precision Industrial Components LLC (PIC Design) for approximately $6.6 million in cash and the assumption of certain liabilities.

10Jun2008 | Contributing Editor | 0 comments | Continued