#b#New Head at Stuart#/b#
Stuart Country Day School of the Sacred Heart, 1200 Stuart Road, Princeton 08540-1297; 609-921-2330; fax, 609-497-0784. Patty Fagin, head of school. www.stuartschool.org.
Stuart Country Day School, a Catholic college preparatory school for girls, has named Patty Fagin its new head of school.
Fagin is Stuart’s seventh head of school, and the first in the school’s 47-year history who does not belong to a religious order.
Fagin comes to Stuart after six years as head of school at Villa Duchesne in St. Louis, an all-girls Catholic school for grades 7 to 12. Prior to that, she was executive director of Guilford Day School in Greensboro, North Carolina.
Fagin earned her Ph.D. in curriculum and instruction from the University of North Carolina. She holds a master’s in media communications from Webster University in Kansas City and a bachelor’s in special education from Fontbonne College in St. Louis.
#b#Expansions#/b#
Roma Bank (ROMA), 2300 Route 33, Robbinsville 08691; 609-223-8200; fax, 609-223-8303. Peter Inverso, president. www.romabank.com.
It has been a busy year for Roma Financial. The company has added new branches to it Asian-centric RomAsia Bank of Middlesex County and its central New Jersey-based Roma Bank. The latter has come chiefly as an offshoot of the spring acquisition of troubled Sterling Bank, which added 10 new branches to Roma in Burlington and Camden counties.
Now Roma has added a medical and dental practices division, designed to provide financial services to healthcare providers. The new division is intended to guide growing medical and dental practices with business sense and financial services.
Roma has named Tish Baum its vice president of commercial lending to lead the new division. A 20-year veteran of the financial industry, Baum holds a bachelor’s and an MBA from Occidental College.
Roma also announced the appointment of Jeffrey P. Taylor, a former member of Sterling Bank’s board of directors, to the board of Roma Financial Corporation.
NRG Energy Inc. (NRG), 211 Carnegie Center, Princeton 08540-6213; 609-524-4500; fax, 609-524-4501. David Crane, president and CEO. www.nrgenergy.com.
NRG, the Carnegie Center-based energy provider, has expanded its alternative energy projects in the Southwest through several acquisitions there.
Now the company has announced its intention to buy Dynegy Inc. from Blackstone for about $542 million. In a separate deal, Blackstone would take in $1.36 billion in cash from NRG Energy Inc., selling it nearly one-third of Dynegy’s generation capacity. The deal nets NRG 3,884 megawatts from Dynegy’s assets in Maine and California.
NRG also announced that it would acquire an additional plant in Texas. NRG will acquire the Cottonwood Generating Station, a 1,279-megawatt natural gas-fueled plant, from Kelson Limited Partnership for $525 million, or $410 per kilowatt.
According to NRG, the company intends to fund both acquisitions with a combination of cash and other funding sources. Both acquisitions are expected to close by year end.
To pay for its expansion, NRG has leveraged itself heavily. According to Bloomberg Financial, NRG led $1.2 billion of high-yield, high-risk debt sales this year and has issued $1.1 billion of notes due in 2020.
#b#Crosstown Moves#/b#
Infragistics Inc., 2 Commerce Drive, Cranbury 08512; 609-448-2000; fax, 609-448-2017. Dean Guida, CEO. www.infragistics.com.
Infragistics, a developer of user-interface tools, has moved from 50 Millstone Road in East Windsor to Cranbury.
The company creates reusable presentation-level development tools that enable other developers (who mostly work in large, or enterprise, organizations) to customize and enhance off-the-shelf programs (such as Microsoft Windows Forms and Microsoft ASP.NET DataGrid), used by most Fortune 2000 companies.
Infragistics’s presentation layer toolsets make it easier for its corporate developers to create appealing, easy-to-use software interfaces for both the web and the desktop.
CEO Dean Guida explains, “Carpenters buy and install components that other experts build. In our case, we build tools, called controls, that help developers create visually appealing and usable applications, faster and easier.”
While companies like Microsoft provide tools to make changes to the original program, they don’t make it easy. Infragistics allows developers to create complex functions such as the ability to populate a chart and display the data sorted by date, subject, or department –– in 3D –– without extensively rewriting the code.
The company resulted from a merger in 2000 of ProtoView Development Corporation, a multi-million dollar software developer and manufacturer, which Guida founded in 1989, and Sheridan Software Systems Inc.
Prior to co-founding ProtoView, Guida served as a consultant for IBM.
#b#Acquisitions#/b#
William Gallagher Assoc., 116 Village Boulevard, Princeton Forrestal Village, Suite 310, Princeton 08540; 609-228-1600. Michael Andersen, principal. www.wgains.com.
William Gallagher Associates, an insurance brokerage and risk management and employee benefit services firm, has acquired Paradigm Associates, a health and welfare benefit plan consulting group headquartered in Massachusetts.
Terms of the deal were not disclosed, but the revenue of Paradigm in 2009 was $3.4 million, according to WGA.
Paradigm Associates was founded in 1995 and has a client base of 85 organizations with particular expertise in health care, technology and financial services. The purchase price of the acquisition was not disclosed.
