Thursday, July 18, 2024


Westport’s Lime Rock Partners Closes Third Fund

Lime Rock Partners, a Westport-based private equity firm focusing on the energy sector, today announced the first and final closing of its third fund, Lime Rock Partners III, L.P., with $425 million in capital commitments. 

The fund, like its two predecessors, will target privately-negotiated investments in growth-stage companies in the conventional oil service, oil service technology, and exploration and production sectors of the energy industry.

Lime Rock also has offices in Houston Aberdeen, Scotland, and Calgary, Alberta. 

Lime Rock closed its first fund in October 1998 with $105 million in capital commitments and its second fund in October 2002 with $320 million in capital commitments.

Bogey’s Presents Golf Proceeds

Jim Stablein, (l) owner of Bogey’s Grille and Tap Room in Westport, recently presented the proceeds of the restaurant’s 9th Annual Golf Tournament to Tracy Flood, CLASP Homes president, and George Taylor, president of the Westport Police Benevolent Association. With them is Westport First Selectwoman Diane G. Farrell. (CLICK TO ENLARGE) Contributed photo

Freedman Named to Planning Committee for State Government Conference

State Sen. Judith G. Freedman of Westport has been named a member of the committee planning the Conference of Eastern Region Conference of State Governments annual meeting to be held in Connecticut next year. The conference was last held in Connecticut 15 years ago.

ғAs someone who has been involved with the ERC-CSG during my legislative tenure, I am thrilled to be able to show our colleagues from other states all that Connecticut has to offer,” Freedman said.

The Eastern Regional Conference includes the six New England states, New York, New Jersey, Pennsylvania, Delaware, Quebec, Prince Edward Island, Nova Scotia, the U.S. Virgin Islands and Puerto Rico.

“The regional conference is an opportunity for legislators and staff to network and learn what is happening in other states. said Freedman, who is a member of the executive committee of the Eastern Region Council.

The Conference of State GovernmentԒs Eastern Regional annual meeting will be held from July 23 to 27, 2005 at the Mohegan Sun Convention Center in southeastern Connecticut.

Hartford Courant: Shays is “Insider on the Outside”

Today’s Hartford Courant, in a post-election profile of Republican Rep. Christopher Shays, said he is “like a congressman without a political anchor, a politician without a party.”

“He survived a close, ugly race to hold his 4th District seat in Connecticut, and returned to Washington to find his carefully arranged political world upended,” the newspaper said, referring to his narrow victory over Westport Democratic First Selectwoman Diane G. Farrell.

“Now, as he heads toward his 18th year in Congress, Shays has to carve a new path for himself to accommodate the new political landscape around him—and perhaps to survive a 2006 campaign that may have already begun.”

The newspaper said Democrats he counted as friends turned on him during the campaign and are still snarling.

Westport High School Population Projected to Top Out by 2010

A new estimate by a consultant to Westport’s school district projects that the town’s high school population will top out at 1,687 in the school year 2010-11.

Staples High School currently is undergoing a $73.9 million renovation and expansion project that calls for the school to accommodate a maximum 1,800 students—several hundred lower than provided for in initial expansion plans.

School Building Committee members told the Board of Finance last week they may be facing as much as a $2.5 million shortfall for the project.

This prompted some questions whether it might be possible to scale back yet-to-be completed phases. But project officials said savings at this point would be minimal.

The projection by the consultant, the New England School Development Council (NESDEC), was contained in material distributed in advance of tonight’s Board of Education meeting.

Westport Fire Department Aids in Fighting Fairfield Fire

The Westport Fire Department responded to a mutual aid call tonight from Fairfield, fire officials said.

Westport sent one engine from fire headquarters on Post Road East initially to cover a Fairfield fire station while Fairfield firefighters battled the fire in a commercial building.

But soon after the call at about 9:30 p.m., the Westport unit was asked to aid at the blaze at 468 Tunxis Hill Road near Marlborough Terrace. A buillding containing a hair salon, a nail salon, and a financial firm was involved.

Additional help was also requested from the Bridgeport Fire Department while Fairfield summoned off-duty firefighters to the scene.

School District Schedules Staples Asbestos Information Sessions

With students and staff about to move into a portion of the new Staples High School, educators have scheduled informational sessions about asbestos abatement plans as old buildings are torn down.

The meetings will be held Thursday, Dec. 2 at 2:30 p.m. for students and staff and at 7:30 p.m. for parents. Both meetings will be held in the Staples cafeteria.

Superintendent of Schools Elliott Landon told Staples parents in a letter that the new portion of the school will be occupied shortly after the Thanksgiving holiday and the process of demolition of buildings 7 and 9 will begin soon afterwards.

A similar move and demolition process will occur in early February for buildings 6 and 8, he said.