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Ascendant Group

Local Business

"inVenture secures $15.5m credit line to finance Air Care deal"

Butterfield Bank is providing Ascendant subsidiary inVenture with a line of credit of some $15.5 million secured by Air Care’s assets to finance the full amount of a deal to acquire a majority interest in the air conditioning company. In an announcem...
Jun 01, 2012
Local Business

"Ascendant gets a foothold in the airconditioning business"

Ascendant subsidiary inVenture has acquired a majority interest in Air Care without paying any cash upfront. The deal gives utility company Ascendant Group a major foothold in the air conditioning sales, installation and maintenance market. In an ann...
May 31, 2012
Local Business

"Ascendant to review future of loss-making PureNERGY"

Ascendant Group has revealed it may have to reassess the future of its loss-making renewable energy company, PureNERGY, which finished last year nearly $1.4 million in the red. On top of the 2011 loss, PureNERGY, a sister company of Belco, made a los...
May 25, 2012
Local Business

"Bermuda Gas officially opens new showroom"

Bermuda Gas celebrated the completion of its custom-built new facility yesterday. Inviting staff, building contractors, major vendors, company directors and the media, the official opening of featured a ribbon-cutting ceremony and a reception with fo...
May 18, 2012
Local Business

"Uddin takes helm at Bermuda Gas at"

Bermuda Gas will be focussing more on the commercial side of the business as its seeks to take advantage of new opportunities and come out of the recession in a better shape. That is according to Judith Uddin, the company’s new general manager, who t...
Oct 14, 2011
Local Business

"Ingham to step down as Ascendant CEO"

Ascendant Group Ltd has announced the retirement of company president and chief executive officer Vincent Ingham next year after more than 25 years at the group. It is the second high profile retirement announced yesterday following that of KeyTech’s...
Oct 11, 2011
Other

"Ingham to retire from Ascendant Group"

Ascendant Group Ltd has announced the retirement of company president and chief executive officer Vincent Ingham next year after more than 25 years at the group. It is the second high-profile retirement announced today following that of KeyTech’s She...
Oct 10, 2011
Other

"Ascendant bottom line hit by falling sales"

The increased number of people leaving the Island and a drop off in trade for the international business and hospitality sectors has hit the Ascendant Group's bottom line, according to the company's six-month report. The parent company of Belco, Berm...
Sep 16, 2011
Economy

"Ascendant Group's earnings hurt by recession"

The economic downturn and unforeseen events such as Hurricane Igor were the main contributors to the decline in the Ascendant Group's earnings for 2010, according to group CEO Vince Ingham. Mr Ingham said that the drop in energy sales was indicative ...
May 17, 2011
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