INNOVATE Corp., based in New York City, is a diversified holding company with operations spanning construction, life sciences, and broadcasting. Originally founded in 1994 as Primus Telecommunications Group, the company evolved through various phases, including a rebranding to HC2 Holdings in 2014, before adopting its current name in 2021 to reflect its focus on innovation and growth across multiple sectors.
The company’s Infrastructure segment, led by DBM Global Inc., provides fully integrated construction services, including general contracting, design-build, and professional consulting for commercial, residential, and public works projects. This segment emphasizes efficiency, project management expertise, and the ability to execute complex construction projects from planning to completion.
INNOVATE’s Life Sciences segment develops medical and aesthetic products, including treatments for early osteoarthritis of the knee, as well as technologies for skin care and cosmetic applications. This segment focuses on research, product development, and commercialization, aiming to provide innovative solutions in healthcare and personal wellness.
The Spectrum segment operates over-the-air broadcasting stations across the United States, offering a platform for media distribution, advertising, and content delivery. This segment enables the company to reach wide audiences and leverage its media assets to complement its other business operations.
Through its diversified portfolio, INNOVATE Corp. combines technical expertise, innovative research, and strategic management to deliver services and solutions across multiple industries. Its structure allows for growth and adaptability while maintaining a focus on delivering value to clients and stakeholders across its construction, life sciences, and broadcasting businesses.