Latest news with #CIG
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2 days ago
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Carey International Group (CIG) and SYMX Energy Announce Start of Construction of CIG's Utility-scale Solar Portfolio
ORLANDO, Fla., June 3, 2025 /PRNewswire/ -- Carey International Group ("CIG"), a diversified holding company focused on growing North American assets in the energy/renewables, commercial real estate, and financial services, increased its size of its energy-asset specific construction financial commitments to $870 million for its CIG energy platform company's projects. With the start of construction, SYMX Energy Corp., a wholly owned subsidiary of SYMX Holdings Corporation, a global industry-leading EPC, is on track to begin delivering fields in 2026, providing affordable electricity to US customers. This commitment reinforces SYMX's ability to deliver infrastructure and energy-related projects. "Our execution of these projects with the Carey International Group ("CIG") reflects SYMX's strategic focus on growing our U.S. renewable energy platform," added Andrew Ramos, President and CEO of SYMX. "We are extremely proud of our teams, whose expertise and dedication continue to drive SYMX's successful expansion across the United States in response to the consistently strong demand for renewable energy. In addition, our construction commitments are a significant milestone accomplishment for our pipeline of energy projects and our partnership with CIG Companies." Christopher Kane, CIG's Chief Investment Officer, stated, "Today's announcement is a major step towards the realization of delivering cost-effective electricity to the ERCOT marketplace. Utility-scale solar is still the lowest levelized cost of production when compared to other forms of generation. It will continue to be an efficient way to supply our grids and power the megatrends of artificial intelligence, data center growth, and industrial reshoring in the United States. With the formal start of construction, we intend to deliver utility-scale solar assets starting in the summer of 2026." About Carey International Group (CIG) Headquartered in Orlando, FL, Carey International Group (CIG) is a diversified holding company focused on growing North American assets in the energy/renewables, commercial real estate, and financial services sectors. Current portfolio companies include CIG Companies, CIG Renewables, CIG Capital, Magnifica, and Magnifica Air. Realized portfolio assets include franchise finance, direct lending, and capital markets intermediary services. CIG's current pipeline of projects includes more than 3 GW of utility-scale solar projects, a US-based manufacturer of solar modules, and various hospitality and residential projects across North America. For more information, please visit or About SYMX Established in 1999, SYMX, through its related fourteen subsidiaries, has evolved alongside its world-renowned Strategic Partners into a fully integrated turnkey resource on a global scale in engineering, development, financing, construction and management and operations of highly complex projects ranging from energy, infrastructure, healthcare and life sciences and renewable energy worldwide. Our commitment is to continually empower our partners to make informed decisions based on the scope of each project. We help optimize the balance between cost and scope, resulting in efficient design and operational readiness that satisfies our client's objectives to provide high-quality developments and services. SYMX provides innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Within SYMX, we focus on executing our value proposition: to collaborate and engineer solutions to maximize asset value for our customers. Our value proposition means that both our customers, our partners, and SYMX will benefit as we pursue technology differentiation, digital adoption, and capital efficiency that create value for our customers and all our stakeholders. Contact View original content to download multimedia: SOURCE MHMS Group LLC Sign in to access your portfolio
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2 days ago
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Carey International Group (CIG) and SYMX Energy Announce Start of Construction of CIG's Utility-scale Solar Portfolio
ORLANDO, Fla., June 3, 2025 /PRNewswire/ -- Carey International Group ("CIG"), a diversified holding company focused on growing North American assets in the energy/renewables, commercial real estate, and financial services, increased its size of its energy-asset specific construction financial commitments to $870 million for its CIG energy platform company's projects. With the start of construction, SYMX Energy Corp., a wholly owned subsidiary of SYMX Holdings Corporation, a global industry-leading EPC, is on track to begin delivering fields in 2026, providing affordable electricity to US customers. This commitment reinforces SYMX's ability to deliver infrastructure and energy-related projects. "Our execution of these projects with the Carey International Group ("CIG") reflects SYMX's strategic focus on growing our U.S. renewable energy platform," added Andrew Ramos, President and CEO of SYMX. "We are extremely proud of our teams, whose expertise and dedication continue to drive SYMX's successful expansion across the United States in response to the consistently strong demand for renewable energy. In addition, our construction commitments are a significant milestone accomplishment for our pipeline of energy projects and our partnership with CIG Companies." Christopher Kane, CIG's Chief Investment Officer, stated, "Today's announcement is a major step towards the realization of delivering cost-effective electricity to the ERCOT marketplace. Utility-scale solar is still the lowest levelized cost of production when compared to other forms of generation. It will continue to be an efficient way to supply our grids and power the megatrends of artificial intelligence, data center growth, and industrial reshoring in the United States. With the formal start of construction, we intend to deliver utility-scale solar assets starting in the summer of 2026." About Carey International Group (CIG) Headquartered in Orlando, FL, Carey International Group (CIG) is a diversified holding company focused on growing North American assets in the energy/renewables, commercial real estate, and financial services sectors. Current portfolio companies include CIG Companies, CIG Renewables, CIG Capital, Magnifica, and Magnifica Air. Realized portfolio assets include franchise finance, direct lending, and capital markets intermediary services. CIG's current pipeline of projects includes more than 3 GW of utility-scale solar projects, a US-based manufacturer of solar modules, and various hospitality and residential projects across North America. For more information, please visit or About SYMX Established in 1999, SYMX, through its related fourteen subsidiaries, has evolved alongside its world-renowned Strategic Partners into a fully integrated turnkey resource on a global scale in engineering, development, financing, construction and management and operations of highly complex projects ranging from energy, infrastructure, healthcare and life sciences and renewable energy worldwide. Our commitment is to continually empower our partners to make informed decisions based on the scope of each project. We help optimize the balance between cost and scope, resulting in efficient design and operational readiness that satisfies our client's objectives to provide high-quality developments and services. SYMX provides innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Within SYMX, we focus on executing our value proposition: to collaborate and engineer solutions to maximize asset value for our customers. Our value proposition means that both our customers, our partners, and SYMX will benefit as we pursue technology differentiation, digital adoption, and capital efficiency that create value for our customers and all our stakeholders. Contact View original content to download multimedia: SOURCE MHMS Group LLC Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
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3 days ago
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Clear Investment Group expands leadership ahead of new equity fund
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. As Clear Investment Group gears up to launch its second investment fund, the Chicago-based workforce housing investor has made several additions to its leadership team, including four new hires and one promotion, according to a press release shared with Multifamily Dive. The company's new leaders have joined its acquisitions, asset management, technology and finance teams. Matt Kleifges has been named senior director of asset and property management, responsible for optimizing property performance. Kleifges was formerly the senior vice president and head of asset management and hospitality at Detroit-based City Club Apartments, according to his LinkedIn profile. Steve Duguid has joined the company as director of construction and capital projects. Duguid is a licensed architect with experience in project management. In his new role, he will oversee capital improvements and construction initiatives in CIG's portfolio. Steve Taylor, CIG's new director of technology, is experienced in artificial intelligence integration and Yardi property management software. His work will include implementing technology-driven solutions to drive operational efficiencies and data-driven decision-making, according to the release. John Adams is CIG's new financial controller, contributing to Clear's financial management and reporting. Adams was previously a financial analyst manager at Chicago-based nonprofit Envision Unlimited, according to his LinkedIn profile. In addition, Lindsay Rodriguez, formerly a member of CIG's asset and property management team, has been promoted to director of acquisitions. In her new role, Rodriguez will identify and secure investment opportunities for the company in collaboration with its CEO, Amy Rubenstein. 'Our new team members represent a significant investment in our infrastructure and underscore our commitment to excellence as we continue to grow with the launch of Fund II,' Rubenstein said in the release. 'We are proud of the progress we've made and excited for what lies ahead as we expand our capabilities and position ourselves for long-term success.' With Rodriguez in her new role, Rubenstein will focus her work on deal origination and underwriting, according to the release. CIG is in the process of raising $300 million through its Clear Opportunities Fund II to acquire workforce properties around the country. It intends to acquire roughly 9,000 units with these funds and reposition them in order to enhance their performance. 'The fund is acquiring large, 500-unit-plus multifamily portfolios in secondary and tertiary markets throughout the US, with a focus on submarkets where household income is $35,000 to $75,000 — really the heart of working America,' Rubenstein told Multifamily Dive in March. Recommended Reading Senior housing investors expect rent growth in 2023 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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6 days ago
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MARTA Selects CDM Smith to Design the Largest Bus Rapid Transit System in the State of Georgia
The effort is MARTA's largest BRT project to date. MARTA, a metro system in Georgia, has selected CDM Smith to design the largest bus rapid transit system in the state. Atlanta, May 30, 2025 (GLOBE NEWSWIRE) -- CDM Smith was selected by the Metropolitan Atlanta Rapid Transit Authority (MARTA) to design the Clayton County Southlake Bus Rapid Transit (BRT) Alignment and Airport Connectivity project. CDM Smith and its partners will design approximately 15 miles of BRT with an elevated guideway into Hartsfield-Jackson Atlanta International Airport. The effort is MARTA's largest BRT project to date. This project will greatly improve Clayton County residents' access to job opportunities and education and will open doors for further transit-oriented development in the area. Direct premium transit service to the Hartsfield-Jackson Atlanta International Airport and MARTA's rail system will greatly contribute to the local and regional economies. Planning and design work is funded by the one-cent sales tax approved by Clayton County voters in 2014. The project has submitted an application for a Small Starts grant award from the Federal Transit Administration's Capital Investment Grants (CIG) program. The current project budget is $355.6 million. In service of its goal to provide premium transit service throughout the county, the BRT system design will include an elevated guideway, elevated bus stations, and a pedestrian bridge connector to the airport terminal and MARTA train station. The design phase of this project will take two years to complete. Construction is estimated to take place from 2028 through 2030. "We brought experience from our successful BRT project portfolio and remained focused on MARTA's goals and Clayton County's needs to create the right team to design this BRT,' said CDM Smith principal Chuck Deeb. CDM Smith is a privately owned engineering and construction firm providing legendary client service and smart solutions in water, environment, transportation, energy, and facilities. Passionate about our work and invested in each other, we are inspired to think and driven to solve the world's environmental and infrastructure challenges. Attachment MARTA, a metro system in Georgia, has selected CDM Smith to design the largest bus rapid transit system in the state. CONTACT: Kelly Brolin CDM Smith 617.452.6153 BrolinKF@ in to access your portfolio
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21-05-2025
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CAPITAL INSURANCE GROUP RECOGNIZED IN 2025 AMERICAN BUSINESS AWARDS®
CIG takes home Gold and Silver Stevie® Awards MONTEREY, Calif., May 21, 2025 /PRNewswire/ -- Capital Insurance Group® (CIG®), a leading regional property and casualty insurer in the Western U.S., is proud to announce multiple teams within the company have been selected as honorees in separate categories for the 23rd Annual American Business Awards ®. Capital Insurance Group was awarded a Gold Stevie® Award in the Company of the Year - Insurance – Large category. Additionally, two teams were recognized as Teams of the Year with the Development Team taking home a Gold Stevie® Award for Technology Team of the Year, and the Communications Team receiving a Silver Stevie® Award. Judges had high praise for CIG, remarking on their resilience, ability to expand products, continued attainment of financial metrics, and noted the company successfully attracted and retained customers amid tough regulatory challenges. CIG was recognized for its customer-focused approach which yields high retention and glowing customer testimonials. CIG's IT Development team was recognized for their innovation, resilience, and impact on the company through major system upgrades, cloud migrations, and enhanced quoting tools. The result of their cross-functional collaboration and efforts was improved agent transparency, operational efficiency, and improved customer experience. Judges celebrated CIG's Communications team for their strategic approach, measurable results, and impressive nature of accomplishments, especially given their size. Also noteworthy was the team's ability to overcome challenges, demonstrating agility, creativity, and operational excellence with demonstrable strategic impact. At Capital Insurance Group, a strong commitment to open and transparent communication shapes the company's culture and drives success. Guided by CIG's core values that serve as the foundation of its operations, the CIG team works collaboratively to deliver results and do what's right. The company embraces a thoughtful, measured approach to decision-making, reflected in the guiding principle "measure twice; cut once," a reminder shared across CIG to prioritize integrity and excellence in everything they do. CIG President & CEO, Andy Doll reflected on the awards: "Everyone at CIG has been working hard for a long time, and those efforts have been reflected in our results. These awards illustrate how this hard work is being recognized by those independent from the company. This adds greater credibility and value of every CIG employee's effort." The Stevie® Awards, established in 2002, honor organizations and professionals globally for their achievements. The American Business Awards® accept nominations from all U.S. organizations across various categories. This year, over 3,600 nominations were submitted by organizations of all sizes, judged by more than 250 professionals worldwide to determine the winners. More details and the 2025 Stevie winners list can be found at About Capital Insurance Group Established in 1898, Capital Insurance Group® (CIG®) is a leading regional property and casualty insurer in the Western U.S. CIG offers trusted Agriculture, Commercial, and Personal coverage across Arizona, California, Nevada, Oregon, and Washington. Known for superior customer service and customizable coverage, CIG delivers insurance solutions tailored to meet the needs of policyholders, sold exclusively through independent agents. CIG's suite of insurance offerings include coverage for Homeowners, Renters, Personal Auto, Dwelling Fire, Businessowners, Commercial Auto, Farm Owners, Commercial Agriculture, Farm Auto, Commercial Real Estate, and more. Throughout its footprint, CIG partners with regional and local charitable organizations and events to give back to communities in ways that promote preparedness, enhance resilience, and bring relief to communities in crisis. CIG is underwritten by its affiliate companies: California Capital Insurance Company, Eagle West Insurance Company, Nevada Capital Insurance Company, and Monterey Insurance Company. CIG is rated "A" (Excellent) by AM Best, the independent financial monitor of the insurance industry and is proud to be part of the Auto-Owners Insurance group of companies, one of the nation's largest, most-trusted insurers. For more information, please visit View original content to download multimedia: SOURCE Capital Insurance Group
