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Mergers/Acquisitions
B2B Stories

Evans Fitness sells club to Atlanta area leader; expansion plans

Evans Fitness is now Fitness2020 with major expansion plans in the CSRA. Letters went out to the thousands of members last week. Clients will be grandfathered into Fitness2020’s Elite membership at no extra cost. Evans members will be able to use facilities at the McDonough, Smyrna, East Lake, and other locations. Fitness2020 made two major announcements in its communication with members. “Your 60,000 sq ft club in Evans will be receiving $2 million in renovations and brand-new equipment, elevating the facility even further while keeping the strong community and training experience

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Neil Gordon August 24, 2026 No Comments
Consumer Stories

Local realtor merges with Meybohm

Meybohm just got bigger and says its market share is now well over double the share of its closest competitor. VanderMorgan Real Estate is joining forces with Meybohm and will bring its 25+ real estate professionals with them, including broker Justin Bolin, who helped to start VanderMorgan Realty in 2008. The office had been anchored at the corner of Washington Road and Pleasant Home. According to Meybohm, it generates more than $1.3 billion in annual sales each year.  “We couldn’t be more excited about welcoming Justin and the entire VanderMorgan

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Neil Gordon August 21, 2026 No Comments
B2B Stories

$4.25 Million Sale of UPS Office Building

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services has announced the sale of 2031 S. Centennial Ave., a single-tenant office property located in Aiken for $4,250,000. “This is a mission-critical location for UPS, making this a great opportunity for the buyer. Our seller was moving towards retirement, hence, the motivation to sell,” said Ani Paulson, Vice President of Investments. “Because of the challenging traditional lending market, our seller agreed to a seller-financing structure, which enabled us to

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Staff Report March 21, 2024 No Comments
B2B Stories

Acquisition moves local real estate firm into Top 10 in U.S.

Auben Realty, a full-service real estate investment brokerage based in Augusta, has acquired Voepel Property Management and Canopy Road Real Estate, renowned local experts in investment brokerage and comprehensive property management services based in Kansas City, MO. This strategic combination represents a significant step forward for both companies, combining their strengths to create an even more formidable presence in the real estate market nationwide. Auben Realty and Voepel Property Management share a common vision for providing property management solutions and fostering positive growth within the industry. The combination will leverage

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Staff Report March 11, 2024 No Comments
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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Dana Lynn McIntyre February 29, 2024 No Comments
B2B Stories

Service company expands CSRA footprint

After entering the Augusta market last March, Massey Services is growing again. The company announced the acquisition of Insight Pest Solutions of Augusta. That expands their market presence in Georgia and South Carolina with the company offering residential and commercial pest and termite services in Augusta, Aiken, Gloverville, Graniteville, and Clearwater. “We are pleased to welcome the dedicated team members and valued customers to the Massey Services organization,” said Tony Massey, President and CEO of Massey Services. “We have had the opportunity to partner with Insight Pest Solutions in the

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Neil Gordon January 22, 2024 No Comments
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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Neil Gordon October 3, 2023 No Comments
B2B Stories

ALDI buys out other grocery chain

ALDI, the low-cost supermarket chain based in Germany, has announced it has purchased Harvey’s and Winn Dixie stores from Jacksonville, Fl-based Southeastern Grocers. The companies made the announcement on August 16. There are approximately 400 Harvey’s and Winn Dixies, primarily in southeastern states. There is a Harvey’s on Gordon Highway in Augusta. There are no local stores listed on the Winn Dixie website. “Like ALDI, Winn-Dixie and Harvey’s Supermarket have long histories and many loyal customers in the Southeast and we look forward to serving them in the years to

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Dana Lynn McIntyre August 21, 2023 No Comments
ABD Extra

Economic Update: Are you hungry?

We’ve got stories that will work up an appetite! Coach Dave Holdeman from The Alternative Board of the CSRA and Augusta Business Daily publisher, Neil Gordon talk about local entrepreneurs treading a path in the food business. Get to know the details on all that and more in this week’s economic update.

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Neil Gordon with Dave Holdeman June 26, 2023 No Comments
ABD Extra

Economic Update: Change is coming!

Just as Mitzi Oxford reported in a top story last week, Coach Dave Holdeman from The Alternative Board of the CSRA and Augusta Business Daily publisher, Neil Gordon talk about Fort Gordon’s name change to Fort Eisenhower and what that means for the area. On the subject of name changes, see which automotive shop in town will also operate under a new name. Get to know the details on all that and more in this week’s economic update.

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Neil Gordon with Dave Holdeman June 5, 2023 No Comments
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