Tuesday, February 07, 2023

Business Sales

CSRA Auto Group to buy another dealership

The Gerald Jones Auto Group drives a hard bargain when it comes to fellow car dealers. For the third time in the last seven years, owner Andy Jones is going on a shopping spree for dealerships. ABD has learned a deal is being finalized for the Auto Group to close on the purchase of another dealership…

ByPhotos and Story by Neil GordonJanuary 16, 20230Comments

B2B Stories Business Sales

Global renewable energy companies buy building in Augusta

Two members of a global renewable energy group of companies recently purchased a building in Augusta, according to Jordan Trotter Commercial Real Estate. TEXEL Energy Innovations Inc. and Transition Energy Inc. bought an 11,000-square-foot garage/flex space located at 1228 Gordon Highway. The Finem Group with Meybohm Commercial Real Estate sold the building, which contains 1,500 square…

ByJosh HeathDecember 12, 20220Comments

B2B Stories Business Sales Consumer Stories Medical Top Story

Local assisted living community sold to Arizona-based real estate firm

A local assisted living and memory care community has been sold for an undisclosed amount. Last month, Inspired Healthcare Capital, an Arizona-based private equity real estate firm, purchased Thrive at Augusta from Drake Real Estate Partners, a New York-based investment firm, according to an article from Seniors Housing Business. CBRE Senior Housing, a commercial real estate investment…

ByJosh HeathDecember 4, 20220Comments

B2B Stories Business Sales Expansions/Moves Top Story

Cookie business EXPLODES in CSRA!

While Charles Terry III (photo at right) is in Evans today through Wednesday, training his employees at Crumbl, his business partner, Tobias Harris of the Philadelphia 76ers is training for tonight’s NBA game with the Phoenix Suns in Pennsylvania. In October, the two childhood friends from Long Island, New York purchased the highly successful cookie franchise…

ByNeil GordonNovember 6, 20220Comments

B2B Stories Business Sales

Downtown medical office building sold to a new owner

A large downtown medical office building is under new ownership, according to Jordan Trotter Commercial Real Estate. The 21,430-square-foot building, which was built in 2002, is located at 630 13th St. near Piedmont Augusta and Augusta University Medical Center. Its tenants include Augusta Vascular Center and Hanger Clinic. Augusta Vascular Center treats a variety of conditions, including…

ByJosh HeathAugust 17, 20220Comments

B2B Stories Business Sales

Local home improvement company sold after half century

The focus of our “Mondays with Rick” column this week is the pros and cons of selling your company to a private equity firm. In today’s business minute, ABD Publisher Neil Gordon says it almost happened with Southern Industries.

ByNeil GordonFebruary 7, 20220Comments

B2B Stories Business Sales

Mondays with Rick: Selling your business

Editor’s Note: Dr. Rick Franza, is the Dean of the Hull College of Business who discusses a different, timely business topic each Monday in this column. This week, we’re looking at the sale of CSRA businesses. The interview has been edited for clarity and impact. ABD: Rick, in the last few years and months a number…

ByNeil GordonFebruary 7, 20220Comments

Business Sales Top Story

New majority owner of Partridge Inn fuels $10 million renovation

New General Manager ✔ New Majority Owner ✔ New bathrooms ✔ New HD 55” TV’s ✔ New adjacent parking lot ✔ These are just some of the changes happening during the historic Partridge Inn’s $10 million renovation, which started September 15th and will last until before the Masters Golf Tournament. Taconic Capital, a Park Avenue global investment firm in New York…

ByNeil GordonDecember 16, 20212Comments

B2B Stories Business Sales

New franchisee to take over “cool” local business

Maranda Carruth has always wanted to be a business owner, but she wasn’t sure what type of business it would be. Carruth will officially take over the Kona Ice of Western Augusta franchise on Saturday, Jan. 1, 2022, but she has been preparing for this new role for the last three years by learning the business…

ByJosh HeathNovember 29, 20210Comments

B2B Stories Business Sales

How to improve the value of your business to a buyer

In working with business owners on the sale of their businesses, we always start the process with a business valuation to determine what we feel the company would sell for in the market place. And it probably comes as no surprise that many business owners are hoping for a price greater than what the market…

ByTim Dalton, President Integra Business BrokersNovember 24, 20210Comments