FairPoint merger plan includes $52.2 million in Maine investment

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FairPoint Communications’ new owner has agreed to invest $52.2 million in its networks and facilities in Maine if regulators approve a merger between the company that serves northern New England and its potential new owner, Illinois-based Consolidated Communications. The stipulation leaves open questions of how Consolidated plans to find $55 million in annual savings through […]

Hinckley Yachts plans major expansion

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Hinckley Yachts is planning a 19,500-square-foot expansion at its Southwest Harbor service yard.The Mount Desert Islander reported the investment is expected to be $1 million. The company produces high-end luxury yachts at its Trenton plant, runs a service yard and marina in Southwest Harbor, and has additional service yards in Northeast Harbor and elsewhere along […]