The joint ventures, launched with a portfolio of more than 106 self-storage properties across 16 states, span both value-add and core-plus strategies, and reinforce both firms' conviction in the self-storage sector. Andover and Heitman expect to expand the portfolio across markets throughout the United States.

The relationship comes at, what Andover and Heitman believe is, an attractive point in the self-storage cycle, where current market conditions are creating compelling opportunities to acquire high-quality assets at discounted valuations that will help build long-term value.

"We are excited to partner with Heitman, whose experience in self-storage investing dates back to 1996," said Brian Cohen, President and CEO of Andover Properties. "We believe the self-storage sector is at an inflection point and represents an attractive opportunity in commercial real estate today. Following a period of normalization in the wake of COVID-19, we believe a recovery in rents and occupancy may be driven by declining new supply and strengthening demand. Further, the sector's fragmented ownership presents an opportunity to create value through our vertically-integrated operating platform. We therefore believe the current market environment presents an exceptional buying opportunity. Our joint ventures with Heitman help position us for these opportunities."

Zach Harding, CIO of Andover Properties, added, "Our joint ventures with Heitman represent a significant milestone for our platform and enhances the strength of our operating capabilities, investment strategy, and portfolio. We believe that Heitman's long-standing expertise in the self-storage sector coupled with Andover's ability to source opportunities and drive operational improvements at the property-level will help maximize the value of the investments."

"We are focused on markets with strong fundamentals, which we believe, should benefit from demographically-driven demand and limited new supply," said Doug Gurr, Head of U.S. self-storage acquisitions at Heitman. "Today's entry point provides the opportunity to acquire assets well below replacement cost."

Heitman began investing in self-storage properties on behalf of its clients in July 1996. Since then, Heitman has invested over $15 billion in 1,600 self-storage properties across 14 countries globally. Today, Heitman is one of the largest private owners of self-storage in North America and has acquired more than 1,200 stores across over 140 markets nationally.

About Andover Properties

Andover Properties is an investment firm specializing in alternative real estate asset classes, including self-storage, manufactured housing, RV parks, small-bay industrial, and car washes. The firm is one of the largest private owner-operators of self-storage facilities in the United States, with a portfolio exceeding 15 million square feet across more than 180 facilities in 20 states. Founded in 2003 by Brian and William Cohen, Andover is headquartered in New York City with offices in Miami and San Francisco.

About Heitman

Heitman is a global real estate investment management firm with $48 billion in assets under management as of September 30, 2026. Founded in 1966 and globally headquartered in Chicago, Heitman has 10 offices worldwide and is an active participant in the global real estate property and capital markets. Heitman makes real estate investments through private equity, debt, and publicly traded real estate securities.

For Media Inquiries:

Andover Properties

[email protected]

SOURCE Andover Properties

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LANSING, Mich., Oct. 7, 2026 /PRNewswire/ -- CrownPoint Partners announced the successful closing of a $9.2 million, five-property dental sale-leaseback portfolio located throughout Michigan. CrownPoint Partners represented both the Seller and Buyer in the transaction.

The portfolio consists of five dental properties totaling 35,212 square feet across Lansing, Charlotte, Adrian, Saint Joseph and Jackson, Michigan. The transaction was structured with new 15-year absolute net leases featuring 2% annual rent increases, providing the Buyer with long-term contractual income and no landlord responsibilities.

CrownPoint successfully executed the five-property portfolio transaction from contract to close in just 42 days.

"This transaction demonstrates the continued demand for well-structured healthcare real estate and the value sale-leasebacks can provide to growing operators," said Julius Swolsky, Managing Partner and Co-Founder of CrownPoint Partners. "Executing a five-property portfolio across multiple markets required coordination and a clear understanding of both the real estate and our client's objectives. We were pleased to deliver a successful closing on an efficient timeline."

The portfolio spans established healthcare and retail corridors throughout Michigan and serves combined trade areas encompassing more than 1.6 million residents. The properties benefit from regional connectivity to major transportation routes, including I-94, I-96, I-69, US-127 and US-31, as well as proximity to major healthcare systems throughout the state.

The closing further expands CrownPoint Partners' track record in dental and healthcare-focused sale-leaseback transactions, as the brokerage continues to advise operators, owners and investors on portfolio dispositions and net lease investment opportunities nationwide.

About CrownPoint Partners

CrownPoint Partners is a national real estate brokerage and advisory firm with offices in West Palm Beach, Florida, and Newport Beach, California. The firm is led by principals Julius Swolsky, Shannon Bona, and Don Bingham, recognized experts in Commercial Real Estate and Sale-Leaseback transactions. Leveraging decades of experience in investment sales, development, and institutional banking, CrownPoint provides services at every stage of the investment journey.

CrownPoint's client base spans REITs and institutions, private equity, developers, business owners, and private investors. CrownPoint's Net Lease Investments and Sale-Leaseback platforms offer tailored solutions with specializations in investment sales, acquisitions, corporate expansion, value optimization, and unique ways to unlock capital.

Committed to consistency, transparency, and responsible investment practices, CrownPoint builds lasting partnerships and helps clients achieve their long-term financial goals. Visit: www.crownpoint.co.

For media inquiries, please contact:

Candice Harris

Executive Administrator

480.217.8128 | [email protected] 

Office Locations

260 Newport Center Drive, Suite 100 | Newport Beach, CA 92660

700 S Rosemary Ave, Suite 204 | West Palm Beach, FL 33401

SOURCE CrownPoint Partners

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PALM BEACH GARDENS, Fla., Oct. 7, 2026 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, announced today that its Board of Directors declared a quarterly dividend of $0.24 per outstanding share of Carrier common stock. The dividend will be payable on Nov. 18, 2026, to shareowners of record at the close of business on Oct. 29, 2026.

About Carrier

Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit carrier.com or follow Carrier on social media at @Carrier.

Carrier. For the World We Share.

Cautionary Statement

This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide management's current expectations or plans for Carrier's future payment of a dividend, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "confident," "scenario" and other words of similar meaning in connection with a discussion of future operating or financial performance. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, share repurchases, tax rates and other measures of financial performance or potential future plans, strategies or transactions of Carrier, Carrier's plans with respect to its indebtedness and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see Carrier's reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Carrier assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

CARR-IR

SOURCE Carrier Global Corporation

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- $58 millioninvestment replaces the 55-year-old plant with climate-resilient infrastructure.

- New facility featuresadvanced ultraviolet disinfection technologyfrom Veolia, a global leader in water technologies, as well asenergy-efficient equipmentto enhance treatment performance.

- Site has supplied1.4 billion gallonsof reclaimed water for local irrigation since 1971.

PLAINSBORO TOWNSHIP, N.J., Oct. 7, 2026/PRNewswire/ -- Veolia today celebrated the completion of the Princeton Meadows Wastewater Treatment Facility with a ribbon-cutting ceremony, marking a major investment in resilient infrastructure, environmental protection and long-term water sustainability.

Serving approximately 11,000 residents and businesses, the new facility features climate-resilient infrastructure, advanced ultraviolet disinfection technology, high-efficiency biological treatment and energy-efficient equipment. These systems are designed to enhance treatment performance, withstand extreme weather and meet increasingly stringent environmental requirements.

The project also builds on Veolia's 55-year history of water reuse at the site. Since 1971, the site has supplied Middlesex County with 1.4 billion gallons of reclaimed water for irrigation at a county golf course, helping conserve local water resources.

"This next-generation facility exemplifies Veolia's commitment to environmental security, public health and sustainable infrastructure," said Nadege Petit, CEO of Veolia in North America. "It combines significant capital investment, advanced treatment technology and climate-resilient design to provide reliable service to the community for decades to come, while continuing our longstanding commitment to water reuse. This milestone marks the latest chapter in more than five decades of work at the site and reaffirms our commitment to applying our expertise to address challenges more effectively, in collaboration with local stakeholders."

The facility treats 475 million gallons of wastewater and reuses 32 million gallons – the equivalent of 48 Olympic sized swimming pools – of reclaimed water annually. Built for greater climate resilience, the new plant is located on higher ground outside the original 100-year floodplain, helping protect critical infrastructure from flooding.

"The original Princeton Meadows facility served the community well for more than five decades, but it was aging and located in a vulnerable floodplain," said Kendra Morris, CEO of Veolia Regulated Water in North America. "Rather than simply upgrade the existing plant, we reimagined it. This facility is designed to meet today's needs, anticipate future environmental requirements and preserve our commitment to water reuse. Investing in infrastructure also means investing in the community."

The ribbon-cutting ceremony brought together representatives of Veolia, the New Jersey Board of Public Utilities, the New Jersey Department of Environmental Protection, New Jersey State Elected Officials, Middlesex County, the Township of Plainsboro, and project partners, including J. Fletcher Creamer & Son and HDR.

The ceremony included recognition from United States Senator Andy Kim, who provided a Certificate of Congressional Recognition for the project, as well as a joint resolution from the New Jersey State Senate and General Assembly celebrating Veolia's milestone.

The $58 million Princeton Meadows project is part of Veolia's broader investment in New Jersey. Through its GreenUp program, the company invests more than $150 million annually statewide to support water quality, reliability and long-term environmental sustainability for the 1.1 million customers it serves in New Jersey.

As part of the celebration, Veolia also announced a $10,000 contribution to the Plainsboro Recreation Department's Water Science & Sustainability Education Program. The contribution supports opportunities for local students to learn about conservation and environmental stewardship.

ABOUT VEOLIA Veolia, a global leader in environmental services, works every day to build ecological security for the benefit of public health and the competitiveness of industries and regions. With 215,000 employees across five continents, working closely with local communities, and thanks to its cutting-edge technologies, the group cleans up pollution, reduces carbon emissions, and regenerates resources through concrete solutions that combine its expertise in water and water technologies, waste – including hazardous waste management, and local energy. In 2025, the Veolia group served 110 million people with drinking water and 97 million with sanitation, produced 45 million megawatt hours of energy, and treated 64 million tons of waste. Veolia Environnement (Paris Euronext: VIE, Fortune 500, SBF 120) generated consolidated revenue of €44.4 billion in 2025.

In North America, Veolia is a leading environmental services provider with more than 15,000 employees working at over 500 locations. It's the largest private water operator in the U.S., a leading water technology provider, and a hazardous waste and pollution treatment leader. It is uniquely positioned in the American market with a leadership role in improving water quality and removing pollutants offering a full spectrum of water, waste, and energy management services and technology, including water and wastewater treatment, commercial and hazardous waste collection and disposal, energy consulting and resource recovery. www.veolia.com - www.veolianorthamerica.com

SOURCE Veolia

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Unionization Comes as Delivery Protection Act Gains Steam in New York City Council

NEW YORK, Oct. 7, 2026 /PRNewswire/ -- Drivers at Amazon's DBK1 Facility in Woodside, Queens, have organized with Teamsters Local 804, joining the growing ranks of Amazon drivers organizing with the Teamsters nationwide to demand better pay, health care, and job security at the e-retail giant.

The DBK1 drivers join hundreds of their co-workers who organized with the Teamsters last year. Together, they are taking on Amazon's corrupt third-party "Delivery Service Partner" (DSP) business model, which Amazon uses to evade accountability and legal liability as it exploits workers.

Amazon Teamsters in New York City are also leading the fight to pass the Delivery Protection Act, legislation that would ban captive subcontracting for deliveries in the city and force companies to employ their drivers directly. The bill has supermajority support from the City Council and backing from the mayoral administration.

"Amazon created the DSP model to suppress workers' rights and safety, including the right to form a union," said Randy Korgan, Director of the Teamsters Amazon Division. "But Amazon has no answer for worker power and Teamsters solidarity. The drivers at DBK1 are joining together as we gear up to pass the Delivery Protection Act, and they will be indispensable in getting this crucial legislation across the finish line."

"My co-workers and I have seen how scared Amazon is of the Delivery Protection Act, and it made us realize that we only have power if we join a union," said LeAnn Rivera, a driver at DBK1 and new member of Local 804. "We are sick and tired of Amazon's games. By joining the Teamsters, we have the power to take this company on. We can't wait to join the fight."

The organizing victory comes as the Teamsters Amazon National Negotiating Committee (TANNC) extends picket lines at DBK1, demanding that Amazon end its unfair labor practices and begin bargaining a union contract with over 10,000 workers nationwide who have organized with the Teamsters.

Founded in 1903, the International Brotherhood of Teamsters represents over 1.3 million hardworking people in the U.S., Canada, and Puerto Rico. Visit Teamster.org for more information. Follow us on X @Teamsters and on Facebook at Facebook.com/teamsters.

Contact:

Maura Drumm, (215) 510-3735

[email protected]

SOURCE International Brotherhood of Teamsters

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Frax Makes Internet History with .frax, the First ICANN Top-Level Domain Application from a Crypto Company

.frax would connect a globally recognized internet domain with onchain ownership, payments, and AI-native commerce

LAS VEGAS, Oct. 7, 2026 /PRNewswire/ -- Frax today became the first crypto company to have its own top-level domain application revealed by ICANN, with .frax officially published as part of the 2026 New Generic Top-Level Domains Program. If successfully delegated, .frax would become a globally recognized internet top-level domain, similar to .com or .org.

Frax plans to make .frax the first end-to-end top-level domain designed to bridge the traditional internet and the onchain economy. Users would be able to own and manage .frax domains through Frax Name Service (FNS) on Frax's blockchain Fraxtal while those same domains resolve through the global Domain Name System. FNS registrations also feed the Frax Burn Engine, permanently burning FRAX and allowing the ecosystem's native digital commodity to capture value as domain usage grows.

"Crypto naming systems made internet identity ownable. ICANN domains made it universally reachable. .frax brings those two worlds together," said Sam Kazemian, Founder of Frax. "Our goal is to build the first internet namespace where ownership lives onchain but the domain works everywhere. From there, domains can evolve into programmable financial endpoints for people, businesses, applications, and AI agents."

The initiative also extends the financial network Frax is building around frxUSD and FraxNet. FraxNet connects financial institutions, fintechs, and companies through a shared network for digital money and payments, with each new participant expanding the reach and utility of frxUSD.

Frax also plans to explore agentic and machine-payment functionality for .frax domains, including support for emerging standards such as x402. This could enable websites, applications, and autonomous software agents to identify counterparties, access services, and initiate stablecoin payments programmatically.

The .frax application was submitted with support from MarkMonitor, an ICANN-accredited corporate domain registrar.

About Frax

Frax is a U.S.-based financial technology company building the network for secure, global, and programmable money. At its core is frxUSD, a fully backed digital dollar, and FraxNet, a financial platform connecting institutions, fintechs, and enterprises through a shared network for digital money, payments, lending, credit, and yields. Frax provides stablecoin and crypto payments infrastructure to leading financial institutions, companies, and fintechs. Since 2020, Frax has powered billions of dollars in onchain capital and activity across more than five years of serving users. Frax was ranked #5 in Stablecoins in the 2026 Fortune Crypto 100. Learn more at Frax.com.

Media Contact for Frax

Gary Bird

FortyThree, Inc.

831.888.9011

[email protected]

SOURCE Frax

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New platform connects retail visibility, execution, shelf performance, and demand activation in a unified solution

BOSTON, Oct. 7, 2026 /PRNewswire/ -- Survey, a retail intelligence and execution platform, today announced the introduction of its Retail Performance Suite at NACS SHOW Convenience Catalyst. The announcement introduces a unified platform designed to connect retail visibility, execution, shelf performance, and demand activation to help brands better understand and respond to in-store conditions.

The Retail Performance Suite brings together multiple retail capabilities within a single platform, enabling brands to identify retail opportunities, prioritize actions, coordinate field activity, and monitor performance across store networks. The platform combines retail visibility, execution, measurement, and demand activation capabilities within a unified solution.

The Retail Performance Suite is being showcased this week at NACS SHOW Convenience Catalyst, where attendees can learn more about the platform's capabilities and its approach to connecting retail visibility, execution, shelf performance, and demand activation.

"Retail teams have access to a growing volume of data, but data alone does not address out-of-stocks, execution gaps, or compliance issues," said Thom Green Gennaro, General Manager and Co-Founder of Survey. "The Retail Performance Suite is designed to help organizations connect retail visibility with field execution, allowing teams to identify issues, prioritize action, and track outcomes."

The Retail Performance Suite includes four connected capabilities:

- Retail Visibility – Provides retail intelligence intended to help identify in-store opportunities and risks.

- Execution & Compliance – Supports field activity and retail execution programs.

- Shelf Performance – Helps teams prioritize opportunities and monitor in-store conditions.

- Demand Activation – Connects retail insights with marketing and merchandising activities.

Together, these capabilities are intended to provide brands with a broader view of retail performance while supporting action across stores, retailers, and markets.

"The industry conversation is increasingly focused on how organizations use the data they already collect," said Stevie Allegretto, Vice President of Commercial at Survey. "Brands are looking for ways to understand where attention is needed and how to allocate resources more effectively. The Retail Performance Suite is designed to support those decision-making processes."

The announcement follows Survey's recent publication of a national convenience retail benchmark report highlighting execution, availability, and shelf performance trends across the convenience channel.

The Retail Performance Suite is intended to help organizations connect retail visibility with operational response by combining data collection, reporting, and field execution capabilities within a single platform.

Survey states that its platform is supported by a nationwide workforce, AI-enabled technology, and photo-verified reporting. According to company data, Survey supports more than 100,000 monthly store visits, captures more than 2.1 million retail data points, collects more than 422,000 verified photos each week, and maintains a 99% data quality assurance rate.

Attendees of NACS Convenience Catalyst and industry professionals can learn more about the Retail Performance Suite at Survey.com/retail-performance-suite/ and explore additional retail intelligence resources at Survey.com.

About Survey

Survey builds modern retail solutions that help brands win where it matters most: in-store. The company's Retail Performance Suite connects retail visibility, execution, shelf performance, and demand activation, helping brands identify opportunities, coordinate field activity, and measure performance across store networks. By combining mobile technology, AI-enabled solutions, deep industry expertise, and a nationwide network of field representatives, Survey delivers retail intelligence and operational support that help brands improve execution, strengthen brand presence, and scale with confidence and consistency. Learn more at survey.com.

Media Contact

Rodney Keener

Head of Marketing & Growth

Survey

[email protected]

SOURCE Survey

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Buchanan Capital Partners and Vault Partners Close Joint Venture for Wildcat Distribution Center in Southwest Houston

AUSTIN, Texas, Oct. 7, 2026 /PRNewswire/ -- Buchanan Capital Partners ("BCP"), an Austin-based, zero-fee commercial real estate investment firm, announced the capitalization and closing of Wildcat Distribution Center, a 321,120 square foot, Class A cross-dock industrial development in Southwest Houston. The project will be developed by Houston-based Vault Partners ("Vault") and marks BCP's first joint venture with the firm. This is BCP's second industrial investment in Houston this year, following North Airport Logistics Center – a 476,000 SF cross-dock in North Houston.

Located at 222 Holmes Road in one of Houston's most active industrial corridors, Wildcat is inside Beltway 8, with access to US-90 and State Highway 288 and roughly 15 minutes from Downtown Houston, the Texas Medical Center, and Hobby Airport. The Southwest Houston / Inner Loop South submarket is among Houston's tightest, with vacancy near 3.6% versus a metro average of roughly 6.3%.

At 321,120 square feet, Wildcat targets a size segment of the tenant market in high demand. Many of the submarket's comparably sized projects have already been leased or sold to users. This heightened demand has largely been driven by advanced manufacturing uses.

In addition to the building size and location, a key differentiator for the project is its power capacity. With 10,000 amps, Wildcat will be one of the market's highest-powered speculative projects in greater Houston, positioning the project for advanced manufacturing uses. A subset of this tenant category is the rapidly growing data center-adjacent user: industry data shows this subset has more than quadrupled their share of logistics leasing in Houston since 2022.

Drawing on its local Houston presence, Vault will oversee development and construction, alongside the general contractor, FCL Builders. Goree Architects is the project architect, Kimley-Horn is the civil engineer, and BancFirst is providing the construction financing. Michael Foreman with Cushman & Wakefield will lead leasing efforts. Link to the leasing flyer can be found here: Wildcat Distribution Center.

"The BCP team understood what we were building from the first conversation. They're an aligned, performance-based partner who moves quickly and sees the same value in this site that we do," said TJ Cholnoky, Managing Director at Vault Partners. "Wildcat brings together features that are hard to find inside the Beltway: size, access and real power. We see a lot of demand from advanced manufacturing and data center-adjacent users. With a strong design, engineering and capital team behind us, we're ready to deliver a building that meets that demand."

"Wildcat reflects exactly what we look for in a joint venture: a best-in-class local developer, an attractive cost basis driven by a below market land price, and a building that offers something the market can't easily replicate," said Keith Buchanan, Founder of BCP. "Demand for high-power industrial space continues to grow, and Wildcat is able to serve that demand in one of Houston's most supply-constrained infill locations."

The joint venture further expands BCP's industrial footprint across the Southeast with over 2M SF and reinforces the firm's reputation as a leader in strategic, growth-oriented real estate investments that prioritize value creation and investor trust.

About Buchanan Capital Partners

Buchanan Capital Partners, based in Austin, Texas, is a performance-based commercial real estate investment firm focused on delivering consistent, superior risk-adjusted returns. BCP charges no fees, and its investors are paid in full before the firm receives compensation. BCP pursues low cost-basis strategies including direct acquisitions across product types and providing joint venture equity for de-risked opportunistic investments. BCP's Principal has a proven 30+ year track record of successful investing across all commercial real estate product types, primarily in major Texas metros.

For more information about Buchanan Capital Partners, please visit www.buchanancp.com.

About Vault Partners

Vault Partners is a Houston-based industrial development firm that sources, develops, and operates Class A industrial product nationally, with a specific focus on Texas markets. Vault brings deep relationships across Houston's construction, brokerage, and tenant communities and partners with best-in-class general contractors and leasing teams. For more information, please visit www.vaultpartners.com.

Contact:

Gentry Bowen

[email protected]

512-673-7375

SOURCE Buchanan Capital Partners

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GREENVILLE, S.C., Oct. 7, 2026 /PRNewswire/ -- Pacolet Milliken, LLC ("Pacolet"), a sustainability-focused, family-owned investment firm, announced today it has acquired 100% of Georgia Renewable Power ("GRP"), which owns two biomass power plants in northeast Georgia, one in Franklin County and one in Madison County (the "Plants"). This acquisition roughly triples the size of Pacolet's biomass platform. Financing was provided by Manulife. The terms of the transaction were not disclosed.

The Plants have 116 MW of combined generating capacity and sell their output to Georgia Power under long-term power purchase agreements. The Plants are fueled by woody biomass, qualify as a source of renewable power under federal and state standards, and sell renewable energy credits on the open market. Pacolet entered the biomass sector in 2024 with its acquisition of Piedmont Green Power ("PGP"), a 55 MW biomass plant in Barnesville, Georgia.

"This transaction represents a significant next step in growing Pacolet's Power & Infrastructure portfolio and meets both our financial and sustainability goals. Franklin and Madison are modern, efficient facilities that complement PGP well," said William Crawford, CEO of Pacolet. "We look forward to working with our partners and regulatory authorities to continue the plants' success, as well as ensuring the Plants have a positive impact on their respective communities. We are committed to operating the plants at the same high standards of safety, environmental stewardship and operating efficiency that we do with every asset in our portfolio."

Lance Jordan, Co-Head and Chief Investment Officer of Pacolet Power & Infrastructure, commented, "GRP is a natural fit alongside PGP. Operating three facilities in the same state creates meaningful operational synergies. Going forward, we continue to see compelling opportunities to acquire high-quality assets that meet our sustainability and financial goals. We remain focused on pursuing additional renewables investments throughout the U.S."

Pointing to the continuity of the financing partnership, Mr. Jordan added, "We are especially pleased to expand our relationship with Manulife, which also financed our PGP acquisition. This transaction reflects the long-term partnership both companies envisioned when we first worked together."

"We appreciate the opportunity to once again work alongside the Pacolet team on another successful acquisition. The expansion of their biomass platform in Georgia is a meaningful milestone for the business, and we are pleased to provide financing that supports their long-term growth objectives," said Nicholas Violandi, Managing Director, Power & Infrastructure Project Finance, Manulife.

Vinson & Elkins served as legal advisor, and Genesis Capital acted as debt financing arranger for Pacolet on the transaction. Day Pitney served as counsel to Manulife on the transaction.

About PACOLET MILLIKEN

Headquartered in Greenville, SC, Pacolet is a family-owned investment firm that owns and manages a diverse set of power & infrastructure and real estate assets located across the United States. Pacolet's Power & Infrastructure assets include a regulated electric utility (Lockhart Power), an industrial utilities company (Bushy Park) and a substantial solar, wind, biomass, and landfill gas portfolio. Pacolet's Real Estate division has a national portfolio of industrial, multi-family, office, and self-storage properties. In both divisions, Pacolet seeks to positively impact the communities in which it operates and be a good steward of the environment.

https://www.pacoletmilliken.com

About Manulife

Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as 'MFC' on the Toronto, New York, and Philippine stock exchanges, and under '945' on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

SOURCE Pacolet Milliken LLC

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RESTON, Va., Oct. 7, 2026 /PRNewswire/ -- General Dynamics (NYSE:GD) announced today that its board of directors has elected Danny Deep, who currently serves as president of the company, to be CEO, effective January 1, 2027. Deep will succeed Phebe Novakovic, who will transition to executive chairman after serving as CEO since 2013.

"Danny is a highly skilled executive with rich operating experience. It has been a pleasure working closely with him and I am certain he will be an outstanding CEO," said Novakovic. "I very much look forward to our continuing collaboration."

"On behalf of the board, we thank Phebe for her outstanding leadership and lasting contributions to General Dynamics," said Laura J. Schumacher, independent lead director. "Phebe has led with vision, integrity and a deep commitment to our people and our Ethos. We have greatly benefitted from her efforts in setting a clear strategic vision, creating enduring value and in building a strong and capable leadership team."

"We look forward to her continuing role with the company and to working together with Danny," said Schumacher. "We have every confidence that he will continue the outstanding leadership and legacy that Phebe has exemplified."

"Phebe has been an extraordinary leader for General Dynamics, and I am grateful for the close partnership we've shared and the opportunity to continue working together in the future," said Deep. "I am profoundly honored to be selected as the next CEO of General Dynamics and humbled and deeply thankful for the board's confidence."

Deep has been with the company for 25 years, serving in positions of increasing responsibility. Before becoming president of the company in 2025, he served as executive vice president of Global Operations, executive vice president of Combat Systems, and president of Land Systems.

Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapon systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at www.gd.com.

SOURCE General Dynamics

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