A Diverse Portfolio
United Capital Corp., together with its subsidiaries, engages in the investment and management of real estate. It also engages in the operation of full and limited-service hotels and the manufacture and sale of engineered products.
The company operates in three segments:
Real Estate Investment and Management
The Real Estate Investment and Management segment is engaged in the business of investing in and managing real estate properties and the making of high-yield short-term loans secured by desirable properties. It owns properties that it manages, which are leased primarily as department stores, shopping centers, restaurants, and office buildings.
Hotel Operations
The Company's hotel properties are comprised of almost 900 rooms, over 42,000 square feet of meeting space, and a convention center with approximately 160,000 square feet of exhibit and meeting space available from its four full and limited-service hotels located in Connecticut, Florida, Georgia, and New York State. The full-service hotels operate under DoubleTree and Radisson franchise agreements, while the limited-service hotel operates as an independent.
Engineered Products
The Engineered Products segment offers knitted wire products and components for various applications, such as high temperature gaskets, seals, components for use in airbags, shock and vibration isolators, noise reduction elements, EMI electronic shielding, and air, liquid, and solid filtering devices serving the automotive, aerospace, and general industrial markets. It also provides exhaust seals and components for use in airbag inflators as well as transformers sold under the AFP Transformers and EPOXYCAST™ brand names for a wide variety of applications including switchgear, motor starters, machine tool power, rectifiers, inverters, furnaces, as well as a range of custom applications. The company offers its products through a direct sales force as well as distributors that merchant the company's products to industrial consumers and original equipment manufacturers throughout the world.
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