Category: Business Formation & Planning

Analogic Corporation, a company that specializes in medical imaging and aviation security, has announced its acquisition of Ultrasonix Medical Corporation. The business formation cost the company $83 million, which may be adjusted per the purchase agreement. Ultrasonix supplies ultrasound systems that are compatible with Analogic’s current technology. The purchase will be accretive at the start…

Running a business in Massachusetts takes more than a good idea. The most successful business owners share certain qualities that help them adapt, grow, and build sustainable companies. Whether you’re starting or managing a growing enterprise, developing these traits can make all the difference. 1. Vision Successful business owners have a clear sense of where…

Labor and utility costs could be blamed for the high cost of business formation in Massachusetts, according to a recent report. The Economic Competitiveness Benchmarking Report, published by the Business Leaders of Michigan, ranked each state’s business climate in terms of obstacles and benefits. Massachusetts costs were said to be 22 percent more than the…

A business group in western Massachusetts has announced its endorsement of Mohegan Sun’s business formation of a destination resort and casino in the city of Palmer. This new casino represents one of four proposals for the license granted to the region. The Quaboag Hills Chamber of Commerce cited the city’s proximity to a major highway…

Companies interested in business formation for the purpose of selling medical marijuana are taking a closer look at Massachusetts. The state legalized the sale of marijuana for medical purposes in November’s general election, and companies that already have stores in place to sell marijuana in other states are considering opening businesses in Massachusetts. One method…

Massachusetts residents may have heard of the company Rectrix. In a recently announced new business formation, Rectrix Commercial Aviation Services has acquired the Westfield company AirFlyte Inc., which operates an executive terminal that offers full fixed-base operations to aviators and includes full-service maintenance facilities as well as hangars. Rectrix hopes that this acquisition will establish…

The Community Bank recently announced a merger that gives Eastern Bank an additional 99 branches and 128 ATM machines around eastern Massachusetts and Cape Cod and converts more than 16,000 customers. Eastern Bank promises customers new advantages from the business formation, including online banking and mobile deposits. State and federal regulators approved the merger, and…

United Financial Bancorp, Inc., has announced its acquisition of New England Bancshares, Inc. The corporations are the parent companies of United Bank and New England Bank, respectively. The business sale has been completed successfully, giving United Financial Bancorp control of all the stock of New England Bank. United Bank currently holds more than $1.6 billion…

The merging of Office Depot and OfficeMax that has been proposed by one of the company’s largest and most aggressive investors would be logical, according to several stakeholders. According to Starboard Value LP, the business reorganization of the two rival stores would make sense. If the two giant store chains merge, some store locations could…

A massive business reorganization deal that will allow Clean Harbors to acquire Safety-Kleen was signed recently. Safety-Kleen is the largest recycling processor for used oil in the country. Clean Harbors has agreed to pay cash for the company’s assets. Funding has been promised by Goldman Sachs, but the purchaser is exploring a number of financing…