_ap_ufes{"success":true,"siteUrl":"blackstoneriver.com","urls":{"Home":"http://blackstoneriver.com","Category":"http://blackstoneriver.com/category/blackstone-river-news","Archive":"http://blackstoneriver.com/2015/04","Post":"http://blackstoneriver.com/community-good-works","Page":"http://blackstoneriver.com/blackstone-river-resources","Nav_menu_item":"http://blackstoneriver.com/88","Wpcf7_contact_form":"http://blackstoneriver.com/?post_type=wpcf7_contact_form&p=6"}}_ap_ufee

November 20, 2018

Lampin MITRPAK Achieves 18 Percent Revenue Growth in 2014

UXBRIDGE, Mass., March 24, 2015 /PRNewswire/ — Lampin MITRPAK, a right angle gearbox and spiral bevel gear drive specialist, is proud to announce an 18 percent revenue growth in a year-over-year comparison from FY 2013 to FY 2014. MITRPAK’s growth is attributed to new OEM customers and new applications of the product line.

A major U.S. based engineering & fabrication company has developed a large application system which uses MITRPAK products to instantly set up and fold away stadium seating. This application is currently designed for enclosed sports arenas that support both Hockey and Basketball at the same venue and constantly move bleacher seats to accommodate both. The client has just completed installation of this system at  one of the most well-known professional sports arenas in the United States. They have plans to expand this throughout the United States.

“Lampin MITRPAK is committed to supplying quality gear drives that run smoothly and boast a long life,” said Lampin MITRPAK President, Bill DiBenedetto. “We were competing with a foreign supplier for the movable seating project, but we made a compelling case that MITRPAK was the best option for the application due to our superior quality and service.”

MITRPAK expects to see continued growth through 2015. The company’s recent investment in new equipment enables the company to increase capacity, broaden their capabilities, and reduce lead time. Major new potential clients for 2015 include an international manufacturer of electric vehicles, and one of the largest recreational boating manufacturers currently developing a line of pedal-powered kayaks.

“Lampin MITRPAK, in our own small way, wants to contribute in order for the United States to remain competitive in the global manufacturing arena,” said DiBenedetto. “This is why it’s critical that we maintain a consistent growth from year to year.”

About Lampin Corporation
Lampin Corporation, an ITAR-compliant and ISO 9001:2008 Certified Company, delivers critical component manufacturing expertise that goes beyond precision. Located in the historic Blackstone River Valley, birthplace of the industrial revolution, Lampin is a 100% employee-owned company. Lampin’s value engineering approach ensures that design, materials and process combine to provide the best value in the industry. Lampin also manufactures MITRPAK, the right angle gearbox and spiral bevel gear drive preferred by OEM and MRO customers desiring reduced risk, lower inventory, and improved asset availability. Learn more about Lampin and MITRPAK and sign up for the e-newsletter at www.Lampin.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lampin-mitrpak-achieves-18-percent-revenue-growth-in-2014-300055096.html

Read More – 

Lampin MITRPAK Achieves 18 Percent Revenue Growth in 2014

HgCapital Selects iLEVEL for Portfolio Monitoring

NEW YORK–(BUSINESS WIRE)–

iLEVEL, the leading portfolio monitoring, analytics and transparency platform for the global private capital markets, has been selected by European private equity firm HgCapital to support the optimization of their portfolio data management and reporting processes.

HgCapital has assets under management of over £5 billion, serving over 100 highly regarded institutional investors, including private and public pension funds, endowments, insurance companies and fund of funds. A staff of more than 100 people in investment offices in London and Munch manage three investment funds.

Amanda Good, Head of the Portfolio Projects team at HgCapital said: “iLEVEL will streamline our reporting process, enabling us to create reports faster and automate many of the tasks that previously had to be performed manually.”

Melissa Ferraz, Vice President, EMEA Client Development of iLEVEL said: “We are delighted a firm of the calibre of HgCapital has selected iLEVEL. With our recent expansion into the European market, we’ve experienced an overwhelmingly positive reception to the iLEVEL platform, with firms like HgCapital recognizing the value of leveraging data flows more efficiently.”

In 2014, iLEVEL launched their London-based operations and opened a European data centre in the United Kingdom.

The number of firms on iLEVEL has doubled in the past year and includes alternative investment firms of varying sizes that employ a wide range of investment strategies including Private Equity, Real Estate, Credit and Venture Capital. Leading LPs and Funds of Funds are also adopting iLEVEL. More than 5,500 iLEVEL users span the globe, tracking over a billion data points across 11,500 portfolio companies.

About HgCapital

HgCapital is a sector expert private equity investor, supporting management teams to grow industry champions. Deeply resourced sector teams focus on specific sub-sectors and investment themes to identify companies occupying an established market position, and which have the potential to grow faster than their market, create employment and become the leader in their industry. HgCapital’s dedicated portfolio management team provides practical support to management teams to help them realise their growth ambitions. HgCapital invests in expanding segments of the TMT, Services, Industrials and Renewable Energy sectors across Western Europe. Based in London and Munich, HgCapital manages over £5 billion for some of the world’s leading institutional and private investors. For further details, please see www.hgcapital.com.

About iLEVEL

iLEVEL is the leading portfolio monitoring, analytics and transparency platform for the global private capital markets. iLEVEL’s SAAS, cloud-based platform empowers fund managers and investors to harness their data and gain insights and transparency never before possible in private markets. Investors in iLEVEL include Blackstone (BX), The Carlyle Group (CG), Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.

Contact:
iLEVEL

Lauren Weiner

Director of Marketing, +1-646-747-9817


lweiner@ilevelsolutions.com

Link – 

HgCapital Selects iLEVEL for Portfolio Monitoring

iLEVEL Releases Private Capital Data Platform 7.0

NEW YORK–(BUSINESS WIRE)–

iLEVEL, the leading portfolio monitoring, analytics and transparency platform for the global private capital markets, announces today the release of iLEVEL 7.0.

This latest release to the iLEVEL cloud-based, SaaS platform includes significantly improved design and usability, along with dramatic functionality enhancements across all asset classes and firm types. Together, these improvements make iLEVEL 7.0 the premier solution for any private capital firm or investor wanting to control their data, and realize the results.

“We’ve been blown away by the positive reaction of our clients to iLEVEL 7.0. It represents a quantum leap forward in user experience, flexibility and functionality, and dramatically extends and enhances our ability to add value throughout the private capital ecosystem,” said Kevin Black, CEO of iLEVEL. “For investment firms and their limited partners – across all private asset classes – nothing else comes close.”

New and enhanced features include:

  • Portal and iPad app redesign. A new navigation and analytics system enables users to easily access portfolio-level, asset-level, and fund-level reports, as well as company- or industry-specific KPIs and analytics.
  • Enhanced data visualization. New display options for data presentations enable users to choose from document lists, Google Maps™, and waterfall charts. Presentations can be printed or saved as images and used to enrich reports.
  • Data validation tools. New business rules and exception reports minimize the risk of invalid data entering the system even further, and facilitate the data approval process (e.g., restatement notifications, etc.).
  • Integrated Document Library. Data cited within a specific report or presentation can now be tied directly to the source document in the iLEVEL Document Library or displayed directly on the portal.

“iLEVEL has continued to evolve the platform over the years, and the newly redesigned portal continues to push the envelope of what’s possible,” said Bill Murphy, Senior Managing Director and Chief Technology Officer at The Blackstone Group. “The latest enhancements will enable us to identify and report on trends with even greater visual flexibility and detail.”

The number of firms on iLEVEL has doubled in the past year and includes alternative investment firms of varying sizes that employ a wide range of investment strategies including Private Equity, Real Estate, Credit and Venture Capital. GP clients use iLEVEL to track over 11,500 assets while leading LPs track over 62,000 assets across more than 7,000 fund investments. In aggregate, iLEVEL users track over 1 billion data points across their investment portfolios.

About iLEVEL

iLEVEL is the leading portfolio monitoring, analytics and transparency platform for the global private capital markets. iLEVEL’s SaaS, cloud-based platform empowers fund managers and investors to harness their data and gain insights and transparency never before possible in private markets. Investors in iLEVEL include Blackstone (BX), The Carlyle Group (CG), Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.

Contact:
iLEVEL

Lauren Weiner, +1-646-747-9817

Director of Marketing


lweiner@ilevelsolutions.com

Follow this link:  

iLEVEL Releases Private Capital Data Platform 7.0

Officials say moving the PawSox out of Pawtucket will be a blow to their city's economy

Local officials in Pawtucket, Rhode Island say moving the Pawtucket Red Sox to the state’s capital will devastate the smaller city’s economy.

Boston Red Sox president Larry Lucchino and a group of Rhode Island businessmen announced Monday they had purchased the Triple-A baseball club for an undisclosed amount from the widow of its longtime owner and are planning to move the team to Providence. They are eyeing a piece of land along the Providence River for a new ballpark.

Blackstone Valley Tourism Council president Robert Billington says the new owners should reinvest in Pawtucket. The city was an industrial center before the Great Depression.

Billington says moving the team will be a “severe blow” to the city’s economy. He says the team attracts 750,000 visitors a year.

Read the article – 

Officials say moving the PawSox out of Pawtucket will be a blow to their city's economy

Officials say moving the PawSox out of Pawtucket will be a blow to their city's economy

Local officials in Pawtucket, Rhode Island say moving the Pawtucket Red Sox to the state’s capital will devastate the smaller city’s economy.

Boston Red Sox president Larry Lucchino and a group of Rhode Island businessmen announced Monday they had purchased the Triple-A baseball club for an undisclosed amount from the widow of its longtime owner and are planning to move the team to Providence. They are eyeing a piece of land along the Providence River for a new ballpark.

Blackstone Valley Tourism Council president Robert Billington says the new owners should reinvest in Pawtucket. The city was an industrial center before the Great Depression.

Billington says moving the team will be a “severe blow” to the city’s economy. He says the team attracts 750,000 visitors a year.

See original:  

Officials say moving the PawSox out of Pawtucket will be a blow to their city's economy

Lampin Profit Grows 70 Percent in 2014

UXBRIDGE, Mass., Feb. 10, 2015 /PRNewswire/ — Lampin Corporation has released FY2014 figures projecting a 70 percent growth in net profit margins compared to FY2013, with total revenues increasing by 22 percent over the same period.

Lampin President Bill DiBenedetto is excited by the fact the company is becoming more productive and profitable despite significant shifts to small quantity runs and much more programming demand from the marketplace.

“I’m very happy with these numbers,” said DiBenedetto. “It’s a strong testament in support of our LEAN Manufacturing practices.”

The year also saw the company focus on setup reduction and reducing lead times through improved workshop organization. The majority of the company’s cost is in labor and as much as 45 percent of that expense was being spent in production setup. During the past year, Lampin employee-owners were able to reduce overall setup times by one-third, generating a significant cost savings.

“Lampin’s gross margins improved because the company spent time and resources to capture and reduce operational waste thus increasing capacity to ship more revenue,” said DiBenedetto. “This added capacity came at a time when our clients needed it.”

DiBenedetto predicts that the coming fiscal year will yield even better numbers for Lampin. The company plans to spend the upcoming year improving its response time to increasing customer demand by bringing state of the art equipment technology on line in the first and second quarters.

“It hasn’t been easy,” said DiBenedetto. “You can’t get caught up in growth. You have to standardize practices and find something that works. This makes our manufacturing operation more formidable and strengthens the ESOP trust fund.”

About Lampin Corporation

Lampin Corporation, an ITAR-compliant and ISO 9001:2008 Certified Company, delivers critical component manufacturing expertise that goes beyond precision. Located in the historic Blackstone River Valley, birthplace of the industrial revolution, Lampin is a 100% employee-owned company. Lampin’s value engineering approach ensures that design, materials and process combine to provide the best value in the industry. Lampin also manufactures MITRPAK, the right angle gearbox and spiral bevel gear drive preferred by OEM and MRO customers desiring reduced risk, lower inventory, and improved asset availability. Learn more about Lampin and MITRPAK and sign up for the e-newsletter at www.Lampin.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lampin-profit-grows-70-percent-in-2014-300033739.html

View original post here: 

Lampin Profit Grows 70 Percent in 2014

GSR Ventures Selects iLEVEL for Portfolio Monitoring

NEW YORK–(BUSINESS WIRE)–

iLEVEL, the cloud-based software provider to the private capital market, announced today that GSR Ventures has selected the iLEVEL Private Capital Data Platform to optimize their portfolio monitoring process. GSR Ventures is a venture capital fund that invests primarily in early and growth stage technology companies with operations in China. They have offices in Beijing, Hong Kong, and Silicon Valley.

“iLEVEL will enable us to streamline our data collection process and extract more information from the performance data that we already have,” said Ryann Yap, CFO of GSR Ventures. “By centralizing our process into a single repository, we can work off of one set of verified data for investment analysis and investor reporting.”

The iLEVEL platform provides early stage and growth funds with many unique features for deeper analysis of companies and portfolios. These include: performance to investment thesis, cash burn and runway, budget to actual comparison, KPIs specific to company and company type, and valuation metrics. The platform also enables funds to calculate IRR at the portfolio, fund or asset level, and further view performance across investment, geography and segments. Performance can be viewed on the Web, in Excel models, and on iPads, allowing for flexibility and mobility.

“iLEVEL’s client base continues to rapidly diversify across various investment strategies including: venture, real estate and credit funds, all signing on at an increased rate,” said Kevin Black, CEO of iLEVEL. “We are delighted to have GSR as a client. They are a strong endorsement of iLEVEL’s value to venture capital firms.”

The number of firms on iLEVEL has doubled in the past year and includes alternative investment firms of varying sizes that employ a wide range of investment strategies including Private Equity, Real Estate, Credit and Venture Capital. Leading LPs and Funds of Funds are also adopting iLEVEL. More than 5,500 iLEVEL users span the globe, tracking over a billion data points across 11,500 portfolio companies.

About GSR Ventures

GSR Ventures is a venture capital fund that invests primarily in early- and growth-stage technology companies with substantial operations in China. It focuses its investments in digital media, software, energy and technology. Some of its notable investments include Qunar (QUNR), Shanghai Great Wisdom (601519.SS), Lightinthebox (LITB), and NQ Mobile (NQ). The firm has more than $1 billion in capital under management and has offices in Beijing, Hong Kong and Silicon Valley. For more information, please visit www.gsrventures.com.

About iLEVEL

iLEVEL offers a market-leading cloud-based Private Capital Data Platform that empowers fund managers and investors to control information and gain actionable insights by taking data collection, investment analysis and performance reporting to a whole new level. Investors in iLEVEL include Blackstone (BX), The Carlyle Group (CG), Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.

Contact:
iLEVEL

Lauren Weiner, +1-646-747-9817

Director of Marketing


lweiner@ilevelsolutions.com

See original:

GSR Ventures Selects iLEVEL for Portfolio Monitoring

Officials convene in Pawtucket to discuss R.I.’s first national historical park

PAWTUCKET — A month after President Obama signed legislation establishing Rhode Island’s first national historical park, officials held the first meeting on Monday to work out the boundaries of the park along the Blackstone River and develop a management plan.

The meeting was held in downtown Pawtucket, a stone’s throw from Old Slater Mill, which is regarded as the birthplace of the Industrial Revolution in America and will be a key piece of the Blackstone River National Historical Park. The park will also include the Museum of Work and Culture in Woonsocket, as well as three more Rhode Island sites and three sites in Massachusetts.

Officials from both states, as well city and town leaders and representatives of community groups, were at the meeting to start laying the groundwork for the national park, the 402nd in the United States.

“We want to make sure everyone has a voice — the mayors, the planners for all the communities,” said U.S. Sen. Jack Reed, the Rhode Island Democrat who wrote the act that created the new park.

He said the park will be an important cultural resource — and a tourist attraction.

“We can use the park to educate visitors about the history and culture of Rhode Island,” he said. “It’s another reason to come to Rhode Island.”

The park is located within the John H. Chafee Blackstone River Valley National Heritage Corridor, which runs from Worcester to Providence and was established in 1986. The idea for the park was hatched in 2003 as part of an effort to better protect the cultural sites along the river, said Bob Billington, director of the Blackstone Valley Tourism Council.

“The history was always here, but we always wanted the opportunity to tell it on a national level,” he said.

Those many years of work on the proposal for the park have given stakeholders a head-start in the current effort to set it up, said U.S. Rep. David Cicilline, D-R.I.

“Our park will begin with this very deep and very rich history of relationships,” he said.

Meghan Kish, the National Park Service superintendent who will oversee the park, said the priorities in the planning process include delineating the park’s boundaries and formulating an overall identity for its separate pieces that include sites in Slatersville and Ashton in Rhode Island and Whitinsville and Hopedale in Massachusetts.

On Twitter:
@KuffnerAlex

More:

Officials convene in Pawtucket to discuss R.I.’s first national historical park

Sen. Reed’s bill brings National Historical Park to state

The Blackstone River Valley — a national heritage corridor for 28 years — has been designated a national historical park after President Obama signed Sen. Jack Reed’s, D-R.I., bill proposing the change in December.

No specific sites have been designated for the park, but the committee has pointed to “nodes along that route” that they hope to include, such as Slater Mill, Hopedale and others, said Charlene Perkins Cutler, executive director of the Blackstone River Valley Committee.

The National Park Service “wants to use the existing infrastructure that the national heritage corridor has put together to capture visitors and tell them something about the valley,” Cutler said. This will likely include the Pawtucket Visitor Center across from Slater Mill in Pawtucket, the Museum of Work and Culture in Woonsocket, River Bend Farm in Uxbridge, Massachusetts, and a new visitor center in Worcester, Massachusetts, that is under construction.

Though national heritage corridors are eligible for federal grants, they differ from national parks in that they are not federally owned or managed but rather are maintained by state and local governments. The legislation passed last month was the product of more than 10 years of hard work, Cutler said, adding that the committee “wanted to get parts of the national heritage corridor included as part of the National Park Service.” The new park will partner with the existing corridor to “tell the birth of American industrialization,” she added.

Reed first introduced a bill in 2005 authorizing the National Park Service to conduct a Special Resource Study to determine whether parts of the corridor were eligible to become part of the national park system, said Chip Unruh, Reed’s spokesperson.

The area became eligible for national historical park designation in 2008, and the process of achieving formal recognition was expedited when Reed became chairman of the Appropriations Subcommittee on Interior, Environment and Related Agencies in 2011.

There were several obstacles along the way, including a series of moratoriums on public land bills, Unruh said. In 2011, federal support for the corridor was set to end, but Reed was able to extend it for an additional year with a continuing resolution. He brought several U.S. Secretaries of the Interior to the Ocean State to see the corridor and to convince them that it should be a national park.

An agreement was finally reached in 2014 as part of the National Defense Authorization Act, and Reed’s bill was passed into law.
Though the bill passed, Unruh and Cutler both said much work remains. It will be a long process that will “take some time and is going to require extreme patience,” Cutler said.

“Getting the bill signed into law is a significant milestone in the process, but there is still more work to do,” Unruh said.

The National Park Service is now responsible for devising a management plan over the next three years in order to determine “the scope of its boundaries with the input of the states, local communities and interested stakeholders,” Unruh added.

Public input in deciding the locales of the park was emphasized, Unruh said, adding that Reed “wants to continue to work collaboratively and ensure public input every step of the way as we get this park up and running.”

The corridor currently includes 24 towns — 13 in Massachusetts and 11 in Rhode Island — as well as a canal that runs from Worcester to Providence. This park will be nothing like Yellowstone or Yosemite with thousands of acres of open green space, Unruh said, adding “it’s not like we can take the entire corridor and turn it into the park.”

Current discussion of the park suggests that it will not be contiguous and will include multiple sites within Massachusetts and Rhode Island. Final site selection will be made by the Secretary of the Interior after soliciting public input. The management plan will have to state which publicly and privately owned land will become a part of the park, and the bill authorizes the Secretary to “establish agreements with the states or local governments, and to identify willing sellers of land and donators of land to include within the park boundary before and after the administrative park boundary is determined by the Secretary,” Unruh said.

Unruh estimates that over $20 million in federal appropriations will be necessary to get the park running, including $5 million for the National Park Service to acquire property interests, $6 million for the constructions of facilities and for the conduction of research and around $3 million for operating costs.

Reed hopes that the establishment of the park will enhance local tourism, create jobs and recreational activities and educate the public about Rhode Island’s rich industrial revolution history, Unruh said.

Though smaller in size than other national parks in the country, Cutler said she is confident it will draw crowds.

Source:

Sen. Reed’s bill brings National Historical Park to state

At Davos, it's not all about money

Read MoreBold-facers to talk crises at Davos

“It is a combination of networking, understanding the scope of views with respect to markets and the economy, and some out-of-the-box idea generation,” explained the manager of a multibillion dollar firm who is avoiding media interviews.

“Going to Davos helps generate investment ideas and manage risk by giving attendees a better understanding of the global dynamics driving markets,” added a handler for one of the prominent hedge fund managers in attendance but who is not speaking.

Of course, selling funds to the many huge institutions in Davos also factors in. There are chief investment officers from sovereign wealth funds, public pensions, insurance companies, charitable foundations and more floating around, potentially looking to allocate billions of dollars to so-called “alternative” investment funds.

At least one firm is hosting a formal event. Hedge fund investor SkyBridge Capital is putting on its annual “Wine Forum” tasting this week at the Hotel Europe’s Piano Bar, a popular Davos after-hours hangout. The event is both for client purposes and charity; this year proceeds will go to the Andrea Bocelli Foundation, whose namesake sang at Davos on Tuesday.

Speaking on stage can also help brand managers as astute economic thinkers.

Dalio, for example, will participate on a panel Thursday on the looming end to U.S.-style quantitative easing, “Ending the Experiment.” Singer will be part of a debate Wednesday on whether markets are “mispricing” geopolitical risks. And Rubenstein will talk Wednesday on the “New Growth Context” in the global economy.

Others speaking include George Soros of Soros Fund Management (now a family office) on Europe; Anthony Scaramucci of SkyBridge on economic volatility; Kenneth Hersh of NGP Energy Capital Management on fossil fuels; and Colin Teichholtz of Pine River Capital Management on shadow banking.

But the majority of managers in Davos aren’t speaking, many opting to keep a lower profile.

Hedge fund managers at WEF include Dan Loeb of Third Point, Kyle Bass of Hayman Capital Management, Frank Brosens of Taconic Capital, Alan Howard of Brevan Howard Investment Products, Andreas Halvorsen of Viking Global Investors, Mitch Julis and Josh Friedman of Canyon Partners, Andrew Law of Caxton Associates, Michael Martino of Mason Capital Management, Eric Mindich of Eton Park Capital Management, and David Harding of Winton Capital Management, according to WEF materials.

Private equity investors include Stephen Pagliuca of Bain Capital, Scott Kapnick of Highbridge Capital Management, Mitch Truwit of Apax Partners and Tom Speechley of Abraaj Group.

View the original here – 

At Davos, it's not all about money