Global Private Equity Firm Acquires Eemax

Oxford, Conn., Oct. 6 - Eemax Inc., a manufacturer of tankless hot water heaters used in industrial, residential and commercial applications has become the 25th acquisition this year for The Riverside Company, a global private equity firm. Founded in 1988 and headquartered in Oxford, Connecticut, Eemax sells to customers in 30 countries around the world.

Two Wind Projects Proposed

Bloomfield, Conn., Oct. 6 - The city of New Haven in cooperation with the Connecticut Clean Energy Fund, will build a wind turbine on the city’s Long Wharf. Up the road in Hamden, Quinnipiac University will harness the wind and the sun to provide power for its new campus off Sherman Avenue.

Tax Credit For Fuel Cell Manufacturers

Hartford, Conn. Oct. 6 - Last week the senate passed legislation that includes an eight-year extension of the Investment Tax Credit (ITC) that will greatly benefit Connecticut fuel cell manufacturers. The long-term extension was approved as part of the comprehensive package of tax extensions.