Sat, March 02, 2024

Business Sales

B2B Stories

Multi-million dollar sale of major Augusta manufacturer

Clearwater Paper Corporation will acquire Graphic Packaging, a bleached paperboard manufacturing facility, for $700 million based on adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of approximately $100 million. Cal Wray, President of the Augusta Economic Development Authority (AEDA), told ABD he has spoken with Graphic Packaging about the transaction. “The facility in Augusta fits into the portfolio of Clearwater much better, which should mean longer-term access to growth for the Augusta facility because it’s a better fit within Clearwater,” he said. “Bleached paperboard plays a major role in sustainable

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B2B Stories

Deep pockets for downtown Augusta historic investment

A property steeped in history with a potential lucrative future is for sale, if you can pony up almost $2 million. Almost 21 years ago, The Bees Knees helped pioneer modern dining in Downtown Augusta. Over the years, the space at 215 10th Street has been a gathering place for many seeking a unique culinary experience. Now, with Manny’s Off Broad and Lenox on Tenth, a new generation of restauranteurs has taken up the baton and an opportunity to invest in Augusta’s downtown has presented itself. The property offers approximately

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B2B Stories

Lawn equipment company sold to CSRA restaurateur!

From making burgers to making hay. That’s the transition that longtime Augusta area restaurateur, David Cravens has been undergoing since September 1st. He’s the new owner of Palmer Equipment and will celebrate his acquisition with an event planned for Saturday, October 14th at the showroom in Wilkes County. Cravens will offer name brands such as Stihl products and equipment from Kubota and Land Pride. Palmer’s caters to both agricultural and residential customers. They have tractors, lawnmowers, weed eaters, hay bailers, and more. “It has been such a blessing to continue

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B2B Stories

CSRA roadside café set to close

On the edge of Aiken County, almost close enough to throw a rock to the Barnwell County line, Almost There Café opened for business last fall. Owner, Dawn Redmon and her cooks served up good ole Southern fare fried chicken, mashed potatoes with gravy, cornbread, and a variety of other dishes that soon became favorites. The building at 245 White Pond Road in Williston had been a donut shop, a chicken joint, and a mercantile over the years. It wasn’t a big place, but locals seemed to love the food.

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B2B Stories

New ownership for CSRA staple

Harold Wright launched Wright One Paint and Body back in 2007 on Gordon Highway in South Augusta. The sale of the business is expected to close on Friday, June 2nd. “I have been in the paint and body business for over 30 years, beginning as an estimator and manager working for other shops, but found out I was great at teaching people, which pushed me to open my own shop. Now I’ve come full circle and am ready to retire and do more things that I love,” Wright said. “We’ve

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B2B Stories

144-year-old business still thriving under new ownership

“Nothing is certain but death and taxes.” – Benjamin Franklin While he can’t help with your taxes, Clint Jackson can provide the comfort and service you need during the hardest time, the loss of a beloved family member. As an experienced manager of Napier Funeral home, following the death of the former owner, Sammie Napier, Jackson became the owner in October 2022. “I had just turned 16 when my cousin took his life. Shortly after that, I started working with the Napier family, helping with visitations and funeral services,” Jackson

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B2B Stories

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 in the next 30-45 days. In early 2016, the Gerald Jones Auto Group Ford purchased Bobby Jones Ford Lincoln from the heirs of former owner, Frank Lawrence. It continues to operate on Wrightsboro Road

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B2B Stories

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 feet of office space. TEXEL, a Swedish-based company, has developed a 100 percent recyclable storage solution that charges within minutes and lasts more than 100 years, according to the company’s website. This technology was

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B2B Stories

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 firm, arranged the sale of the 85-unit property located at 313 Furys Ferry Road in Martinez. “Thrive Senior Living will continue to manage the community,” the article said. Thrive at Augusta President, Melita

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B2B Stories

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 from Augustans Dr. Troy Akers and his wife Nancy, who just opened the Mullins Colony location in late April of this year. “Tobias and I were looking to do business together for years,” said

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