Members in the News

Members in the News | February 2018

Portsmouth law office to be demolished

It was 44 years ago, the height of urban renewal in the city’s North End, when the Blue Coral Diner was demolished for what became a new law office for attorney Paul McEachern and his law partner, the late Robert Shaines.

Early next week, contractor Will Renauld will demolish the building McEachern and Shaines built at 25 Maplewood Ave., this time for a new development, anchored by The Provident Bank.

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Chinburg invests in Portsmouth’s ‘hip, fun’ West End

Chinburg Properties continues to invest in the city’s West End with its purchase in late December of commercial property at 125 Brewery Lane.

The Newmarket-based development company, through a limited liability company called Portsmouth West End Development LLC, purchased the property for $6 million from Saco Professional Building Inc. on Dec. 22, according to a deed filed with the Rockingham County Register of Deeds.

The property contains two commercial buildings with business tenants and a steel building currently used for storage. The property will be updated and renovated as needed, said Eric Chinburg, the company’s president and CEO, and they’ll seek to recruit tenants for the currently vacant space. He said the steel building on the site of the former Portsmouth Department of Public Works garage is currently used for some equipment and materials storage. It will ultimately be demolished landscaped for greenspace and parking.

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ConvenientMD Urgent Care was named the #1 Fastest Growing Company in NH 

The What began as a discussion about buying a business during a bachelor party boat cruise has become one of the fastest growing businesses in NH and the fastest growing company on this year’s Private 100 list.

Max Puyanic and Gareth Dickens met years ago while working at William Blair, a global investment banking and asset management firm in Chicago. The two kept in touch after Dickens, who came to the U.S. from South Africa thanks to the Green Card lottery program and attended the University of NH, moved back to the Northeast to join Fisher Scientific. Dickens helped Fisher buy businesses and integrate them into its portfolio.

During Puyanic’s bachelor party, they discussed starting a search fund to find a health care business to buy. More than two years later after walking through more than 200 urgent care facilities, the duo couldn’t find the right fit.

In 2012, they launched the first ConvenientMD in Windham. “We thought we would have four or five clinics open by now,” says Dickens, pointing out they now have nine centers in NH, opened their first Maine location in Westbrook in November and are set to open another in Portland, Maine, this month. (ConvenientMD leases all its spaces.) “Patients have embraced the concept.” Dickens says.

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Have you or your company recently been recognized in the news?  Would you like to be featured in our monthly MITN? Please submit a recent link to the article to: Member submissions must contain a link to a credible news source, published within the last 30-45 days.  All submissions are reviewed and approved through management.  Thank you!

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