GFI Energy Ventures LLC Completes Sale of NORESCO to Carrier Corp.

GFI Energy Ventures LLC announced today the completion of the sale of its portfolio company, NORESCO, one of the largest providers of energy management and performance contracting services in the United States, to Carrier Corp., the world’s largest provider of HVAC and refrigeration solutions and a subsidiary of United Technologies Corp. NORESCO was previously owned by the OCM/GFI Power Opportunities Fund II, L.P., a private equity fund co-managed... 

RSC Equipment Rental to Showcase Total Control® at POWER-GEN International

RSC Equipment Rental, one of the largest equipment rental providers in North America, will host a case study to spotlight ICM, Inc., who engineers, builds, and supports the global biofuels industry’s most efficient ethanol plants, and exhibit at POWER-GEN International 2008 December 2-4 in Orlando. Both events will showcase RSC’s people, services and equipment while highlighting innovative programs that set RSC apart from the competition. The... 

Rohm and Haas Launches Polymer Emulsions Plant Near Moscow, Russia

Rohm and Haas the leading producer of specialty materials, launched a new manufacturing facility in the Ramenskoye region of Moscow. The plant was developed from a greenfield site with close proximity to key customers and with excellent access to local and imported raw materials and all key utilities. Manufacturing at the plant will be focused on additives for paint and coatings materials and adhesives. The plant has been designed with the capability... 

RSC Holdings Inc. Appoints Vice President of Managed Services

RSC Holdings Inc. (NYSE:RRR ) announced the promotion of Gordon McDonald to the position of Vice President of Managed Services. In this new role, he will be charged with supporting the recent success of the proprietary Total Control® equipment management software. The unique product is gaining market share among industrial companies, by offering cost savings and transparency to equipment rentals. “Gordon has thirty years leadership experience... 

Lawson for Equipment Service Management & Rental to Help Heavy Equipment Dealers Improve Profitability and Customer Service

Lawson Software (Nasdaq: LWSN) announced the availability of Lawson for Equipment Service Management & Rental, a package of flexible business applications designed to help equipment dealers improve customer service and profitability throughout the lifecycle of every piece of equipment they sell or rent. Lawson for Equipment Service Management & Rental helps equipment dealers manage equipment from initial sale through its useful life until... 

Royal Laser Corp. Provides Update on Former Venture Steel Shareholder Litigation

Royal Laser Corp. has received notice of judgement on a legal matter relating to a former shareholder and option-holder employee of Venture Steel Inc., a subsidiary of Royal Laser. This matter was a result of actions taken by the prior owners of Venture Steel Inc. The judgement amounts to approximately $4.8 million plus interest of approximately $0.5 million, of which approximately $1.5 million has been held in reserve by the Company. The Company... 

Hoku Secures Key Materials for Polysilicon Production

Hoku Materials, Inc., a wholly owned subsidiary of Hoku Scientific, Inc.established to manufacture and sell polysilicon for the solar market, announced the signing of an HCl supply agreement with BHS Acquisitions, LLC, a wholly owned subsidiary of BHS Marketing, Inc., and a leading chemical supplier with bulk liquid transloading facilities in Nampa, Idaho, that are serviced by Union Pacific Railroad. BHS’s customers include Alcoa and Rio Tanta... 

The Streets of Buckhead Enhances Collection of Luxury Retailers

The Streets of Buckhead, a world-class luxury destination that combines international boutiques, fine dining and exclusive residences in a streetscape setting welcomes upscale clothiers Brioni, Leggiardo and Shirts & Co. by Domenico Vacca. Ben Carter, founder and chairman of Ben Carter Properties, is creating the region’s premier luxury shopping experience in the heart of Atlanta’s affluent Buckhead community. The development already boasts... 

Miller Electric Mfg. Co. to Cut 95 Jobs

Miller Electric Mfg. Co. today announced plans to eliminate 95 jobs, or approximately six percent of its 1,500-person workforce. This reduction is in response to the current national economic situation and the corresponding slowdown in demand for Miller’s commercial and industrial products. Miller is a leading manufacturer of arc welding and plasma cutting equipment for industrial, construction, motorsports, farm/ranch and home-hobby use. The company... 

Fluor Extends Strategic Outsourcing Contract With IBM

IBM (NYSE:IBM – News) today announced that it has signed a three-year, approximately $130 million contract extension with Fluor Corporation for information technology (IT) outsourcing services. As part of the agreement, IBM will continue providing help desk, data center and server services, network management, desk side support, SAP hosting, IT security and disaster recovery services. IBM’s global delivery network and resources will provide...