PIC

PIC Group, Inc. was awarded a five-year contract by UMERC to provide Operation & Maintenance Services for the F.D. Kuester and A.J. Mihm Generating Stations in Michigan. The $270M gas-fired project will have 180 MW capacity and use Wärtsilä technology, with commercial operation in mid-2019.

Investindustrial, through its Investindustrial VI Fund, will acquire HTL Strefa from EQT and combine it with PIC, Artsana's healthcare business acquired in 2016. The deal is expected to close by end of Q3 2018.