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Article Excerpt
PRESQUE ISLE, Maine -- Maine & Maritimes Corporation (AMEX ticker symbol: MAM) today, through its subsidiary, Maine & Maritimes Energy Services Company, dba "The Maricor Group," announced the acquisition of RES Engineering, Inc., one of Boston's leading mechanical and electrical engineering firms with offices in Boston and Hudson, Massachusetts. The acquisition will expand The Maricor Group's sustainable facilities and energy engineering group. This represents The Maricor Group's second strategic acquisition within the last three weeks and third acquisition within the last seven months. On December 1, 2003, The Maricor Group's Canadian subsidiary, Maricor Ltd, purchased Eastcan Consulting Engineers, Ltd with offices in Moncton and Saint John, New Brunswick and established a presence in Atlantic Canada. On June 1, 2004, The Maricor Group's Canadian subsidiary, Maricor Ltd, purchased Morris & Richard Consulting Engineers located in Halifax, Nova Scotia, further expanding its existing Atlantic Canada presence. The Maricor Group and its Canadian subsidiary, Maricor Ltd, headquartered in Presque Isle, Maine, now have subsidiaries with engineering offices in Moncton and Saint John, New Brunswick; Halifax, Nova Scotia; and Boston and Hudson, Massachusetts; with sales and development offices in Portland, Maine and Boston, Massachusetts. As a result of the acquisition, RES Engineering, Inc. will become a wholly-owned subsidiary of The Maricor Group. E[acute accent]"The completion of our...
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