Ausenco sold to Eldridge, Brightstar, Claure Group

A trio of companies including Eldridge, Brightstar Capital Partners and the Claure Group have inked a definitive agreement to acquire a majority stake in Australian-headquartered engineering firm Ausenco from Resource Capital Fund and other investors. No financial terms have been disclosed. Ausenco said its co-founder Zimi Meka will remain CEO, board member and investor in Ausenco. Mike Burke, former chairman…

Read More

Caterpillar marks 130 years in Wisconsin home

The year – 1893. Only 44 of today’s 50 states formed the union, and Grover Cleveland was elected the country’s 24thpresident. College basketball was in its infancy, holding its first official game. And the Bucyrus Steam Shovel and Dredge Company opened a new manufacturing facility in South Milwaukee, Wisconsin, to improve and expand its production facilities. Full story.

Read More