Latest news with #Whitebridge
BBC News
20-06-2025
- Business
- BBC News
Highland councillors oppose hydro project on Loch Ness
Councillors have objected to plans for a new hydro scheme that would draw water from Loch Ness to generate Energy's pumped storage hydro project would involve constructing a power station and tunnels at Loch Kemp near Whitebridge, about 10 miles (16km) north of Fort Scottish government, which has a say on whether it eventually goes ahead or not, has consulted Highland Council on the local authority's south planning applications voted 8-2 in favour of a motion opposing the project due to a number of concerns, including impacts on wildlife and tourism. Highland Council officials had recommended councillors raised no Energy has been approached for comment. Aird and Loch Ness councillor Chris Ballance, who put forward the motion, said ancient woodlands along the loch's shores could be adversely affected by changes in water said wildlife, such as otters, and the "special qualities" of Loch Ness could be put at Ballance also argued that a tourism impact assessment had not been carried out, and his motion also raised concerns about construction traffic on local and Strathspey councillor Bill Lobban tabled an amendment supporting the officials' recommendation. The amendment was defeated in the District Salmon Fishery Board, which opposes new pumped storage hydro on Loch Ness, welcomed the committee's Brian Shaw said: "This was absolutely the right decision. "The councillors rejected out of hand the planning officer's conclusion that this was the 'right development in the right place'." What is pumped storage hydro? Pumped storage hydro involves two bodies of water at different water flows from one to the other through tunnels, passing through a power station to generate there is low demand for electricity from consumers and/or when surplus power is available from wind farms, electricity is used to pump water from the lower level to fill a reservoir further up the water can then be released from the upper reservoir, flowing down the tunnels to drive turbines which generate hydro-electricity. This happens at times of high demand, or when there is not enough wind to power wind Kemp Storage Ltd, which is owned by Statera Energy, has proposed damming Loch Kemp, the upper reservoir of its scheme, to raise water also plans to construct an underground waterway systems and tunnels, and powerhouse on the shores of Loch Ness. The south planning applications committee granted consent for a separate electricity-related approved plans SSEN Transmission's plans to replace three 1960s-built substations at Deanie and Culligran in Glen Strathfarrar, and at Kilmorack.
Yahoo
11-06-2025
- Business
- Yahoo
Whitebridge Capital Partners Acquires R&B Grinding in Racine, Wisconsin
Former division of J&E Companies to be Renamed CHICAGO, June 11, 2025 /PRNewswire/ -- Whitebridge Capital Partners, LLC today announced it is acquiring certain assets of R&B Grinding of Racine, Wisconsin, a 67-year-old manufacturer of machined components serving a variety of industrial customers including Fortune 500 OEMs. R&B was previously a division of J&E Companies. Whitebridge, Maynards Industries and Holland Industrial Group collaborated on the transactions and have a long-standing and shared history of successfully navigating complex transactions. The acquisition of R&B Grinding assets represents a collaborative solution to the challenges facing J&E Companies and underscores the firms' ability to provide thoughtful, value-driven outcomes in special situations. R&B Grinding will be renamed RB Industrial Manufacturing LLC, in recognition of the full range of machining processes the company can provide from its 140,000 square foot facility. "We are delighted to once again work with our colleagues Taso Sofikitis and Stephen Wolf at Maynards to restore approximately 100 jobs to Racine while rebuilding a strong and growing company," said Whitebridge partner Todd DiBenedetto. "With the renewed emphasis on domestic manufacturing and our background in revitalizing industrial businesses, we are confident that this will once again be a thriving business contributing to the local economy." Whitebridge partners DiBenedetto, Mark Heinze and Linda Budz have a strong history of taking distressed businesses to profitability by applying decades of hands-on experience. Maynards Industries is a global leader in transforming undervalued assets into profitable opportunities. For more than 120 years the company has transacted in 42 countries by providing capital, expertise and strong industry relationships. It recently acquired Wolf Industrial Advisors and appointed Stephen Wolf president of the industrial solutions group. Holland Industrial Group brings more than 40 years of expertise in industrial auctions, asset management, and real estate solutions. "We were able to align with Maynards to revitalize R&B and carve out a strong US-based business that can capitalize on the renewed national focus in American manufacturing," said Heinze. "We believe there is an opportunity to restore many manufacturing businesses that struggled due to the past emphasis on offshoring. That trend is now reversing and we are well-positioned to help companies reorganize." Whitebridge Capital provides both capital and hands-on management to distressed companies. "Our focus is on working directly with current ownership, current operators, current or new financiers by calling on highly creative deal structures to save US based manufacturing businesses," said Budz. Prior to forming Whitebridge, DiBenedetto was a co-founder and president of Big Shoulders Capital where he led numerous successful turnarounds for more than 15 years. Heinze specializes in organization restructuring through vendor consolidation, sales program re-design, recapitalization, cash management and manufacturing process improvements. He has worked as a business owner, operator, consultant and investor for more than 22 years to successfully guide companies through deep challenges to return them to profitable operations. Budz has more than 20 years of legal and financial experience. She has spent nearly 10 years in business development roles, sourcing opportunities through insolvency proceedings involving commercial and industrial manufacturing companies. Whitebridge Capital is an Illinois corporation based in Chicago. Company principals can be contacted at:Todd DiBenedetto: todd@ (312) 343-0747Mark Heinze: mark@ (773) 936-9612Linda Budz: linda@ (619) 316-8433 Maynards is based in Livonia, Michigan and the website is Contact: Tom Nicholson 212-203-2803 View original content to download multimedia: SOURCE Whitebridge Capital Partners
Yahoo
11-06-2025
- Business
- Yahoo
Whitebridge Capital Partners Acquires R&B Grinding in Racine, Wisconsin
Former division of J&E Companies to be Renamed CHICAGO, June 11, 2025 /PRNewswire/ -- Whitebridge Capital Partners, LLC today announced it is acquiring certain assets of R&B Grinding of Racine, Wisconsin, a 67-year-old manufacturer of machined components serving a variety of industrial customers including Fortune 500 OEMs. R&B was previously a division of J&E Companies. Whitebridge, Maynards Industries and Holland Industrial Group collaborated on the transactions and have a long-standing and shared history of successfully navigating complex transactions. The acquisition of R&B Grinding assets represents a collaborative solution to the challenges facing J&E Companies and underscores the firms' ability to provide thoughtful, value-driven outcomes in special situations. R&B Grinding will be renamed RB Industrial Manufacturing LLC, in recognition of the full range of machining processes the company can provide from its 140,000 square foot facility. "We are delighted to once again work with our colleagues Taso Sofikitis and Stephen Wolf at Maynards to restore approximately 100 jobs to Racine while rebuilding a strong and growing company," said Whitebridge partner Todd DiBenedetto. "With the renewed emphasis on domestic manufacturing and our background in revitalizing industrial businesses, we are confident that this will once again be a thriving business contributing to the local economy." Whitebridge partners DiBenedetto, Mark Heinze and Linda Budz have a strong history of taking distressed businesses to profitability by applying decades of hands-on experience. Maynards Industries is a global leader in transforming undervalued assets into profitable opportunities. For more than 120 years the company has transacted in 42 countries by providing capital, expertise and strong industry relationships. It recently acquired Wolf Industrial Advisors and appointed Stephen Wolf president of the industrial solutions group. Holland Industrial Group brings more than 40 years of expertise in industrial auctions, asset management, and real estate solutions. "We were able to align with Maynards to revitalize R&B and carve out a strong US-based business that can capitalize on the renewed national focus in American manufacturing," said Heinze. "We believe there is an opportunity to restore many manufacturing businesses that struggled due to the past emphasis on offshoring. That trend is now reversing and we are well-positioned to help companies reorganize." Whitebridge Capital provides both capital and hands-on management to distressed companies. "Our focus is on working directly with current ownership, current operators, current or new financiers by calling on highly creative deal structures to save US based manufacturing businesses," said Budz. Prior to forming Whitebridge, DiBenedetto was a co-founder and president of Big Shoulders Capital where he led numerous successful turnarounds for more than 15 years. Heinze specializes in organization restructuring through vendor consolidation, sales program re-design, recapitalization, cash management and manufacturing process improvements. He has worked as a business owner, operator, consultant and investor for more than 22 years to successfully guide companies through deep challenges to return them to profitable operations. Budz has more than 20 years of legal and financial experience. She has spent nearly 10 years in business development roles, sourcing opportunities through insolvency proceedings involving commercial and industrial manufacturing companies. Whitebridge Capital is an Illinois corporation based in Chicago. Company principals can be contacted at:Todd DiBenedetto: todd@ (312) 343-0747Mark Heinze: mark@ (773) 936-9612Linda Budz: linda@ (619) 316-8433 Maynards is based in Livonia, Michigan and the website is Contact: Tom Nicholson 212-203-2803 View original content to download multimedia: SOURCE Whitebridge Capital Partners
