Sat, June 15, 2024

Mergers/Acquisitions

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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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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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

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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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

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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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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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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B2B Stories

Center for Primary Care (CPC) forms long-term partnership with agilon health, bringing value-based primary care to the CSRA

EVANS, GEORGIA & AUSTIN, TX, MAY 31, 2023 – The Center for Primary Care (CPC), an independent practice that provides comprehensive preventative and specialized care, announced in a press release this week that it has formed a new partnership with agilon health Inc.(NYSE: AGL). According to the statement, the trusted partner empowers physicians to transform health care in the community which will accelerate access to value-based primary care in the area. CPC will deliver a new model of primary care beginning in 2024 through the partnership to further enhance preventative

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B2B Stories

Update on CSRA Racquet Club purchase

Columbia County will take ownership of the Petersburg Racquet Club effective May 1, after commissioners approved the $1.5 million purchase during their April 18 regular meeting. PRC’s owners, Craig and Gail Jones announced the sale on the club’s Facebook page. There was also a news release from Columbia County on April 19. Cassidy Harris, Public Relations Manager for the county, said the purchase was paid for through the county’s Ad Valorem Capital Project Fund. The purchase was not listed on the agenda for the meeting, which was available on April

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