Ullico Infrastructure Fund has acquired Upstate Transmission Holdings, an indirect owner of the Volney-Marcy transmission line, a 66-mile high-voltage electric transmission line in New York.
Hope Gas, Inc. has entered into an agreement to acquire 100% of the membership interests in Peoples Gas WV LLC , a regulated gas distribution company located in West Virginia.
The Union Labor Life Insurance Company announces the promotion of Dan Emery to Vice President of Sales.
Ullico Infrastructure Fund (“UIF”), an infrastructure investment fund managed by Ullico Investment Advisors, Inc., today announced a follow-on investment in AES Southland Energy, LLC (“Southland”), a 1.5 GW portfolio of two combined-cycle gas generation assets and two battery energy storage assets located in Southern California and Arizona contracted under long term power purchase agreements with investment grade utilities.
Ullico Investment Advisors welcomes the addition of Jim Darcey to its team of investment professionals. Darcey will serve as Managing Director and help expand the company’s product offerings to include vehicles for real estate equity investments.
Ullico Casualty Group, NFP and the New Terminal One Launch Landmark Alternative Dispute Resolution Program
New program for Building and Construction Trades gives NYC union labor a competitive advantage vs. non-union – leveling the playing field
AM Best, the world’s oldest insurance rating and information source, has revised The Union Labor Life Insurance Company’s outlooks from “stable” to “positive.” It has also affirmed the company’s Financial Strength Rating A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent). Union Labor Life is a subsidiary of Ullico Inc.
Hearthstone Holdings, Inc. (“Hearthstone”), a portfolio company of Ullico Infrastructure Fund (“UIF”) announced today that it closed on its acquisition of 100% of the equity interests in Hope Gas, Inc. (“Hope Gas”), a regulated gas distribution company located in West Virginia. Hearthstone indirectly acquired Hope Gas from Dominion Energy, Inc. (“Dominion Energy”).
Ullico Inc.’s infrastructure fund today announced the closing of its investment as an equity sponsor in the New Terminal One (“NTO”) development at John F. Kennedy International Airport (“JFK”) in New York City through a consortium that will lease, finance, construct, maintain and operate the terminal.