Economy & Business
The Genny sale: a bet on Rochester’s brewing infrastructure
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Can the nearly 150-year-old brewery prosper under private-equity ownership? It’s happened before.
Rochester Beacon (https://rochesterbeacon.com/author/willcleve/)
Can the nearly 150-year-old brewery prosper under private-equity ownership? It’s happened before.
FIFCO USA has been acquired by Saothair Capital Partners, a private equity firm co-founded by a former CEO of the Rochester brewery. FIFCO USA will revert to its previous name, North American Breweries.
T-Mobile’s decision to invest $2 billion in a new joint venture with Oak Hill Capital, owner of locally based Greenlight Networks, could supercharge the homegrown fiber ISP’s already robust growth. But what will it mean for the Rochester region?
Documents provide an inside look at the Downtown Revitalization Initiative process that made Peacemaker Brewing one of 10 projects to share $9.7 million in state funds.
The organizing group, which calls itself George Eastman Museum Workers United, says a majority of museum employees supports its push for union representation.
Court filings and state records now put claims against the brewery, which closed in January, above $444,000.
A CPA by training and a 13-year company veteran, Tom Rogers became ESL president and CEO in March. Like ESL’s leaders before him, Rogers wants Rochester’s largest locally led financial institution to continue to grow by staying focused on its mission: to help the community thrive and prosper.
The Ontario County brewery and restaurant is set to open Sept. 15 inside a 147-year-old industrial building along the Canandaigua Lake Outlet.
Gov. Kathy Hochul envisions a 5 gigawatt buildout of nuclear generation including a plant in Upstate New York—the biggest expansion of nuclear power anywhere in the U.S. in decades. Supporters say it’s a necessary investment in the state’s economic future and electric reliability, but environment groups say nuclear remains slower and more expensive than other clean-energy alternatives.
The Will brothers, who acquired Rohrbach in March, on succession planning, sustainability, and earning the keys to one of Rochester’s most important breweries.