Mergers/Acquisitions

B2B Stories

Engineering firm with local office joins professional services network

A Southeastern engineering firm has formed a partnership with a major professional services company. Cranston Engineering Group, P.C., which has offices in Augusta, Charleston, and Hilton Head, provides many services, including civil and structural engineering and planning. Based in St. Louis, The HFW Companies invest in engineering firms like Cranston. “This partnership with HFW will give Cranston a new platform on which to strengthen our presence in the communities we serve across both Georgia and South Carolina while allowing us to forge ahead in growing the Cranston brand,” said company

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B2B Stories

Two major business services firms to merge

A major business services firm with a local office and a Texas-based accounting firm have announced they are merging. Elliott Davis, LLC, which has eight locations throughout the Southeast, including one at 1 10th Street, Suite 400 in downtown Augusta, will merge with Whitley Penn LLP to form Elliott Penn LLP. Founded in 1920, Elliott Davis offers a variety of services, such as tax preparation, business valuation consulting, and forensic accounting. Founded in 1983, Whitley Penn also offers many services to its clients, which include audits, strategic consulting, and wealth

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B2B Stories

Two local marketing firms combine operations and services

One of CSRA’s largest full-service advertising and marketing companies is about to become even larger. The M3 Agency, located at 229 Furys Ferry Road, Suite 123 in Augusta, has announced its merger with another local firm, Emineo Marketing. M3, which stands for Mass Media Marketing, offers a variety of services, such as graphic design, website development, and video production. The agency serves businesses in the manufacturing, banking, medical and retail industries, among others. Emineo also offers a range of services that include branding, social media marketing, and event planning. The

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B2B Stories

University Hospital set to become Piedmont Healthcare

In less than a week, University Hospital will become Piedmont Healthcare and the literal signs of that were obvious this week. Sign crews were busy placing the finishing touches on the large Piedmont logo atop the roof at the front of the hospital on Thursday and changing the signage at the hospital entrance as well. Banners with the University Hospital name covered up those new signs for the time being. University starts the transition to Piedmont Healthcare on Tuesday. Piedmont announced a $1 billion partnership with University last May. It

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B2B Stories

Top Business Sale Killers

Selling a business can be a complex endeavor and unfortunately not all businesses that go under contract end up getting to the closing table. Below are the top reasons for a business sale to fall through. Time – the amount of time it takes to complete a transaction can be up to 6 months and during this time period a business is constantly changing. Customers come and go, employees come and go, key vendor relationships can change, the business’s financial performance may change and all the while a buyer is

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B2B Stories

Bank with local branches merges with another bank

A bank with multiple branches throughout the CSRA is merging with another bank. Cadence Bank, which has locations on Wrightsboro Road, Wheeler Road, and Walton Way, as well as East Hill Street in Thomson, merged with BancorpSouth on Friday, Oct. 29. The new bank will carry the Cadence name. Founded in Mississippi in 1876, Bancorp has 420 branches throughout the U.S., including Alabama, Florida, Louisiana, and Tennessee, as well as Texas and Illinois. Atlanta-based Cadence Bank was founded in 2009 and has branches throughout much of the Southeast, such as

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B2B Stories

Johnson Motor Company “cashed out” of its franchise deal with Cadillac

ABD has learned Johnson Motor Company of Georgia received a settlement from the Cadillac corporation to end its’ franchise agreement in late July while still in effect. Johnson was located at 1122 Walton Way in downtown Augusta and closed after nearly 86 years in the automotive sales and service business. Owners of the dealership, which opened in 1936 on Telfair Street, chose to close to avoid investing up to $200,000, which would be needed to meet Cadillac’s standards for selling and servicing electric cars. Part of that investment would cover

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B2B Stories

Two CSRA millennial companies like the sound of being in the podcast biz together

The millennials at Augusta Podcast built this studio inside of the Alison South creative hub and it is available for rent. (photo by Alison South) The millennial leaders of Alison South Marketing are continuing to grow their array of services— by partnering with a pair of twenty-somethings, who pioneered the off-the-cuff podcast, “DropTheDis” in June 2019—an ongoing, audio love letter to their beloved city of Augusta. Together, they will make high-quality audio and video production available to the public in a new downtown Augusta studio, adjacent to Alison South’s offices

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B2B Stories

Grocery store chain opens in Daniel Village and helps to relieve hunger in the CSRA

Food Lion made very few changes inside the store. Here’s the new store’s deli/bakery section, which looks about the same as it did when BI-LO was in business. (Photo by Josh Heath) Editor’s Note: We sent Josh Heath back to the Bi-Lo\Food Lion just a few weeks after he wrote the story of the Bi-Lo closing. Here is what we found. There’s a new Food Lion store open at 2803 Wrightsboro Road in the Daniel Village Shopping Center, but it doesn’t resemble other grocery stores in the chain. Instead, it looks

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B2B Stories

Earth Day: Local business leaders create eco-friendly topsoil

(from left to right) Tim McCormick, of Humble Acres Organics; Bill Tiszai, of Cold Creek Nurseries; and Lisa Wilson, of G.L. Williams & Daughter Trucking, formed a partnership to create Jackpot, a premium topsoil blend made locally. (Photo courtesy Alison South Marketing) While most of the world will be celebrating Earth Day Thursday, April 22nd online at earthday.org, three CSRA business owners hope their eco-friendly product will ring the cash registers at Cold Creek Nurseries in Aiken. The private-label Jackpot topsoil creation is a business partnership between Cold Creek Nurseries, Humble Acres

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