November 03, 2025Edition

Over the next five years, Ateklo aims to create and invest in up to 20 companies, co-founder and CEO Justin Hafner tells Mainebiz in an interview.

As the third generation prepares for ownership, the stage is being set for the next chapter of the Farmington firm that started in the late 1960s as a newspaper publisher.

While some owners are adamant about keeping the business in the family while pursuing expansions and new business models, selling to an outside buyer is also an option in a highly fragmented industry.

Stability, tradition and authenticity are key traits of family businesses, but so is an openness to change.

In the midcoast town of Georgetown Woodex-MECO Industries makes mechanical parts for clients in a range of industries.

The Nov. 3 edition of Mainebiz combines the old school and the new. In addition to a section on how AI is used in Maine, we have a section that focuses on family-owned businesses. You couldn’t ask for a wider array of topics.

A roundup of new hires, promotions and achievements at businesses, nonprofits, professional services firms and health care institutions in Maine.