MEMIC

Mainebiz is honored to present the 2026 Mainebiz Business Leaders of the Year. These seven individuals span various industries, including the nonprofit sector. 

For Maine companies that sponsor teams, return on investment ranges from employee and client perks to brand exposure and community connections.

The project repurposes an office building into a hotel with amenities such as a restaurant, bar, skybridge and fitness room. “This deal is a textbook example of converting excess office space into alternative use,” said one broker.

The acquisition positions the Portland-based insurer as the nation’s third-largest multi-state workers’ compensation specialist.

Here's your curated list of C-suite insights shared by 10 Mainebiz panelists this year.

This year's notable deals include the acquisition of Belfast's Front Street Shipyard by a Blackstone-backed marina operator, and hammond Lumber's purchase of Ware-Butler.

The Institute for Family-Owned Business recognized seven Maine companies at its 25th annual awards ceremony, held Oct. 8 at Thompson’s Point in Portland.

The dividend amount was calculated based on MEMIC’s financial performance, claims experience and the collective success of policyholders in maintaining safe workplaces during the 2022 calendar year.

The deal, subject to regulatory review and expected to be completed in January, will make MEMIC one of the country's largest multi-state workers' compensation specialists with a strong foothold in the Midwest.

The Institute for Family-Owned Business said it received more 505 nominations this year, which it whittled down to 44 semifinalists before picking 25 finalists.