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Hussey said the sale was necessary due to double-digit growth of sales in telescopic platforms, telescopic bleachers and fixed seating products during 2020 and 2021.
The portfolio comprises 50 single-tenant properties, spanning 27 states and 40 markets, in a wide variety of geographies and industries.
Rancourt & Co., a third-generation cobbling business, supplied the U.S. Winter Olympic team competing in Beijing. Back home, the company is getting creative to market itself in a new way.
The expansion provides ORPC Inc. with a second Maine product development site, complementing a similar facility in Eastport.
Over the last five years, research and development expenditures at UMaine have grown 80.2%, helping the school achieve designation as a top-tier research university.
Last month's Outdoor Retailer Snow Show brought back some attendance from pre-pandemic levels, as well as visibility for Maine Outdoor Brands and five of its member businesses.
A public-private program has been supporting redevelopment projects for the next generation of forest products. With the new money, funding now totals $1.2 million.
Two Maine food entrepreneurs will kick off the new season of the TV business-pitch series on March 24. A total of 10 contestants are in the running.
The Hews Co., a truck body and equipment manufacturer, named two family members to new senior roles in the 95-year-old business.
M&A advisors forecast a busy dealmaking year for Maine companies in a variety of sectors.
The goal is to cultivate new audiences through digital avenues, such as an online education series based on WoodenBoat School classes, and a membership website.
Businesses in this York County city now include high-tech manufacturers for biotechnology and life sciences, precision manufacturers, and service providers in health care, information technology and engineered materials.
Maine Scale, which sells and calibrates scales for a broad range of industries, acquired MaineCal, a laboratory equipment repair and calibration company in a move to expand its services.
Maine is well-represented among this year's winners with products ranging from craft beer to white chocolate "with a twist."
The departure of the final Zumwalt destroyer, the Lyndon B. Johnson, will allow BIW to focus on a different class of destroyers.
WoodenBoat is one of Maine's most prominent magazines. The enterprise also includes a school, a boat show and retail operations. The buyers will continue operations through a lease at the longtime Brooklin campus.