Edgecomb

Maine heat pump business acquired by Philadelphia home services company

Dave’s World, which has six offices and nearly 100 employees across Maine, was acquired by Sila Services for an undisclosed price.

Seller becomes buyer in hospitality market, leveraging 1031 exchange

Once-seasonal hotels are renovating to attract year-round rentals. Sellers are staying in the market to buy other properties. Lodgings are generally selling close to list price.

🔒Hotel business check-ins: How 5 midcoast, Downeast hoteliers are navigating 2020

Revenue at Maine's hotels, motels, restaurants and bars has plummeted during the pandemic. In the midcoast and Downeast parts of the state, businesses are coping, sometimes more successfully than they anticipated, in a season unlike any other.

Maine State Credit Union, Midcoast FCU plan to merge

If approved, the deal would create an organization with over $725 million in assets and 46,000 members in central and midcoast Maine, and ranking by far as the state's largest credit union.
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Seven Maine food ‘Tastemakers’ selected for business cultivation help

The food and beverage businesses, from Saco to Skowhegan, will each receive over $25,000 in consulting help and other assistance, through an initiative of CEI and FocusMaine.

With new agreement, Fluid Imaging expands in medical diagnostics

The Scarborough-based maker of lab instruments has signed an exclusive licensing agreement with the University of Colorado to commercialize artificial intelligence software that could speed the detection of dangerous bacteria.

Boothbay region’s chamber plans a visitor center for Route 1 in Edgecomb

The Boothbay Harbor Region Chamber of Commerce plans to open a visitor information center on one of the most heavily traveled stretches of U.S. Route 1, in Edgecomb, across the Sheepscot River from Wiscasset and Red's Eats.

Boothbay Region inn owners expand their footprint with Camden purchase

The new owners of Cedar Crest Inn in Camden say its three acres, along with four acres on an adjoining property, provide plenty of opportunity for expansion if they decide that's what they want to do at a later date.
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Leveraging opportunity in growing market, oyster farm to expand

Glidden Point Oyster Farm plans to buy a second farm for its oysters, as the fishery is attracting new entrants, particularly commercial fisherman wanting supplemental income.

Wiscasset receives $4.3M to upgrade century-old water system

The Wiscasset Water District received funding from the USDA Rural Development office totaling $4.3 million for infrastructure upgrades on nearly 13,000 feet of century-old water lines.
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