State Tipoffs Involving Massachusetts Newsletter for Wednesday January 29, 2025 ( 15 items ) |
$1.7 Million Invested in Local Communities in 2024 by Berkshire Bank Foundation
BOSTON, Massachusetts, Jan. 28 -- The Berkshire Bank Foundation issued the following news release:
Berkshire Bank Foundation, the philanthropic arm of Berkshire Bank, invested more than $1.7 million in local communities across its five-state footprint in 2024, including more than $450,000 from October to December.
For the year, nearly 400 nonprofits benefitted from foundation grants and other giving, which included more than 110 nonprofits in the last three months of 2024. Some of the organiza
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Acclaimed Designer Stuart Weitzman to Share His Entrepreneurial Journey With Clark Audience
WORCESTER, Massachusetts, Jan. 28 -- Clark University issued the following news on Jan. 27, 2025:
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Special guest speaker to visit University on February 12
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Stuart Weitzman, an acclaimed designer and founder of the luxury shoe brand that bears his name, will visit Clark University next month to share his experiences as a lifelong entrepreneur.
Weitzman will present "A Designer's Entrepreneurial Journey on the Road Less Traveled" on Wednesday, February 12, from 5 to 6:30 p.m. in Ti
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Ameresco Upsizes and Extends Corporate Senior Credit Facility
FRAMINGHAM, Massachusetts, Jan. 29 -- Ameresco, a cleantech integrator specializing in energy efficiency and renewable energy, issued the following news release on Jan. 28, 2025:
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The Company adds international banking partners to aid in continued European expansion.
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Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the successful refinancing and expansion of its term loan and revolving credit facil
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Eversource Energy to Sell Aquarion Water Company for $2.4 Billion
BOSTON, Massachusetts, Jan. 29 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented Eversource Energy in a definitive agreement to sell Aquarion Water Company for approximately $2.4 billion to the Aquarion Water Authority, a quasi-public corporation and political subdivision of the State of Connecticut and a standalone, newly created water authority alongside the South Central Connecticut Regional Water Authority. The announcement was made in a Jan. 27 press releas
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Foley Hoag Secures $2.7M for Charles Murrell III in Lawsuit Against Patriot Front for Racist Attack
BOSTON, Massachusetts, Jan. 29 -- Foley Hoag, a law firm, issued the following news:
Foley Hoag LLP, in partnership with Human Rights First, has secured $2.7 million in compensatory and punitive damages in a civil rights lawsuit. The lawsuit was filed on behalf of Charles Murrell III against white supremacist group Patriot Front, its leader Thomas Rousseau, and unnamed members of the group for their violent attack on Murrell in Boston in 2022.
As alleged in the lawsuit, in July 2022, Patriot F
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Goodwin Advises Banking Group on the Acquisition Financing of DRIESCHER by IK Partners
BOSTON, Massachusetts, Jan. 29 -- Goodwin, a law firm, issued the following news release:
Goodwin has advised a banking group consisting of, amongst others, Commerzbank, Skandinaviska Enskilda Banken, Bank of Ireland, ING Bank and Artemid on the acquisition financing of Driescher GmbH (Moosburg and Eisleben) ("DRIESCHER" or "the Group") by funds managed by IK Partners ("IK").
Established over 85 years ago, DRIESCHER is a leading provider of critical grid components and a reliable partner to ma
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Goodwin Advises Helion on $425 Million Series F Investment Round
BOSTON, Massachusetts, Jan. 29 -- Goodwin, a law firm, issued the following news release:
Goodwin's Technology team has advised Helion on a $425 million Series F investment round that will be used to scale commercialization efforts for the company's groundbreaking fusion technology. The oversubscribed and upsized round had participation from new investors, including Lightspeed Venture Partners, SoftBank Vision Fund 2, and a major university endowment, and existing investors including Sam Altman
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Governor Healey Appoints Lori Streeter as Interim Franklin County Sheriff
BOSTON, Massachusetts, Jan. 28 -- Gov. Maura Healey, D-Massachusetts, issued the following news release:
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Governor Healey Appoints Lori Streeter as Interim Franklin County Sheriff
Boston -- Governor Maura Healey today appointed Lori Streeter as Interim Franklin County Sheriff. Streeter has over 35 years of experience at the Franklin County Sheriff's Office and House of Corrections, where she has served as Superintendent and Special Sheriff since 2014. She will assume her role as Interim
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LightBay Capital Announces Strategic Growth Investment in Ro Health
BOSTON, Massachusetts, Jan. 29 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented LightBay Capital in its partnership with Ro Health, a nationwide healthcare staffing and home health company.
The transaction was announced in a Jan. 22 press release.
LightBay Capital is a Los Angeles-based private equity firm that invests primarily in healthcare, business services, and consumer services industries.
The Ropes & Gray team included private equity partners Tim Cast
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LightBox Acquires Capital Markets Platform Developer Revere CRE
BOSTON, Massachusetts, Jan. 29 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented Silver Lake and its portfolio company LightBox in the add-on acquisition of Revere CRE, a developer of a networking and deal execution platform designed for capital markets professionals. The transaction was announced on Jan. 16 in a press release.
LightBox delivers advanced and precise solutions for commercial real estate intelligence. The company serves an extensive clientele of
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MassMutual: Epicenter Launches Initiative to Build Diverse Pipeline of Innovative Entrepreneurs
MEMPHIS, Tennessee, Jan. 29 -- Massachusetts Mutual Life Insurance Co. issued the following news release:
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Program made possible by generous support from the MassMutual Foundation
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Epicenter, Memphis' leading hub for entrepreneurs, startups, and corporate innovators, announced the launch of Innovate Xcelerate, a new program intended to build an inclusive, diverse pipeline of entrepreneurs and entrepreneurship culture in Memphis supporting financial resilience and economic growth fo
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MIT: New Training Approach Could Help AI Agents Perform Better in Uncertain Conditions
CAMBRIDGE, Massachusetts, Jan. 29 (TNSres) -- The Massachusetts Institute of Technology issued the following news:
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Sometimes, it might be better to train a robot in an environment that's different from the one where it will be deployed.
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By Adam Zewe, MIT News
A home robot trained to perform household tasks in a factory may fail to effectively scrub the sink or take out the trash when deployed in a user's kitchen, since this new environment differs from its training space.
To av
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MITRE: Largest Automatic Emergency Braking Study Finds Systems Improving Over Time
BEDFORD, Massachusetts, Jan. 28 -- MITRE, a company that advances national security and serve the public interest as an independent adviser, issued the following news release on Jan. 27, 2025:
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Front-to-Rear Crashes Reduced up to 52% in Newer Models
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Automatic emergency braking (AEB) continues to improve as it cuts rear-end crashes in half, according to the latest study by the Partnership for Analytics Research in Traffic Safety (PARTS). The study, pairing auto manufacturer equipme
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Ropes & Gray Advises Luxury Retailer Vince Holding Corp. In Majority Stake Sale
BOSTON, Massachusetts, Jan. 29 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented Vince Holding Corp. in Sun Capital's sale of a majority stake in Vince to P180, a new luxury apparel venture.
The transaction was announced in a Jan. 22 press release.
Vince is a global luxury retail company established in 2002. The company operates 47 full-price retail stores, 14 outlet stores, and its e-commerce site vince.com.
The team included capital markets partner Craig M
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Ropes & Gray Advises Oakglen Group on Its Acquisition of Majority Stake in Pupil
BOSTON, Massachusetts, Jan. 29 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray has advised Oakglen Group, a group of investment and operating companies with interests in the real estate, private equity and financial services sectors, on the financing and corporate aspects of its acquisition of a majority stake in Pupil, the award-winning spatial data company that is digitally mapping the built world.
Pupil's innovative technology transforms real estate into verified digi
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