MINIM EXPECTS HOLIDAY SALES TO BE STRONG

Manchesterbased Minim reported quarterly sales were up 25 percent year over year, to $15 million, for its routers and other home networking products. But some expenses are going up even more, so — thanks to supply chain and inflationary issues — the only way Minim was able to squeeze out a $1.8 million profit was through the sale of its Zoom trademark for nearly $4 million.

Year to date, the company is still $191,000 in the red — though that’s better than the $2.6 million last year — despite a 31 percent increase, to nearly $45 million, in revenues.

But considering that the global smarthome market is expected to reach $314 billion over the next four years, the company is hoping for a payoff soon, if strong holiday electronic sales fuel a desire for stronger and smarter Wi-Fi connectivity.

The company has particularly high hopes for its Motorola mesh product, which doesn’t just consist of a modem and router, but nodes placed strategically through the house. Its MH7600 mesh system became available on Amazon in October. There are competitors, of course, but the company has been able to raise enough cash to get chips to build the product.

CARLYLE PURCHASE OF RESONETICS STAKE VALUES FIRM AT $2.25B

Private equity investment firm Carlyle Group has bought a minority stake in Resonetics LLC, a Nashua-based medical device-maker, in a deal that values the company at about $2.25 billion, according to an announcement last week from another equity firm, GTCR.

GTCR, which sold the stake, said the deal makes Carlyle a “meaningful shareholder” in Resonetics. It didn’t disclose details about the sale or its value. Also remaining a minority shareholder in Resonetics is Sverica Capital Management, which acquired the Nashua firm in 2014 before selling a majority interest to GTCR.

When Sverica bought the firm in 2014, Resonetics’ sole location was in Nashua, and it focused on polymer componentry for medical devices. After that, the company grew to 13 sites with 1,600 employees and expanded its capabilities into laser-machining metal components.

SAFRAN, ALBANY INTERNATIONAL EXTEND PARTNERSHIP

Albany International Corp. of Rochester and Paris-based Safran Aircraft Engines have extended their 15-year-old partnership another 15 years, to 2046, with the two companies continuing to work on next-generation engines designed to meet the 2050 net-zero CO2 emissions commitment of the aviation industry.

Albany International, a developer and manufacturer of engineered composite components, signed an original framework agreement with Safran in 2006, which resulted in the creation of a joint venture to develop high-technology composite parts — 3D woven and resin transfer molded technologies — designed for aircraft engines, landing gears and nacelles, or outer casings of aircraft engines.

The 3D-woven composite technology, designed and developed by Safran in partnership with Albany Engineered Composites, has played a key role in improving the performance of the new generation LEAP engine of CFM International, which powers the Airbus A320neo, Boeing 737 MAX and Comac C919 aircraft families.

Safran and Albany have also teamed up to work on the development and production of the GE9X 3D composite fan case for the Boeing 777X.

ATLANTIC BROADBAND LAUNCHES FIBER INITIATIVE IN NH

Quincy, Mass.-based Atlantic Broadband has become the latest provider of internet services in New Hampshire to announce it will soon begin providing fiber-optic services to residences and businesses in the Granite State.

Atlantic said it will invest $82 million in its current fiscal year to extend its reach to nearly 70,000 additional homes and businesses, providing gigabit internet, home Wi-Fi, internet protocol TV and voice services via advanced fiber-to-the-home technology.

The company said franchise agreements have been obtained or are underway in multiple communities in New Hampshire, including Concord, Dover, Somersworth, Durham and Madbury, as well as in four communities in West Virginia.

The expansion in New Hampshire will make Atlantic a competitor of Comcast and Consolidated Communications.