Mergers/Acquisitions

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

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

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

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

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

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

(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

Editor’s Note:The following is an excerpt of a news release distributed by Platinum Equity Monday from Los Angeles, California.This is the 3rd private equity takeover of headquartered Augusta companies in the last 90 days to include TaxSlayer and Recteq Grills. Platinum Equity announced today it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand (NYSE:IR) in a transaction valued at approximately $1.7 billion. The acquisition, subject to standard closing conditions, is expected to be completed by the third quarter of 2021. Founded in 1958 and headquartered in Augusta, Georgia, Club