Acquisitions
MOBILE, Ala. — Park West, a 278-unit apartment property off Hillcrest Road in Mobile, was acquired by Morrison Avenue Capital Partners, a Tampa-based investment group, for $30.75 million, AL.com reported. Andrew Brown and Craig Hey of Cushman & Wakefield represented the seller, Two Waters Capital, an Atlanta-based real estate investment firm. The new owners plan…
MOBILE, Ala. — Lewis Communications recently announced the acquisition of the full-service marketing performance firm from longtime CEO and owner Larry Norris and that Ellen Praytor Faulkner, a Mobile native, will be the company’s first female CEO. Norris, who has been with the company more than 40 years, will remain chairman and strategic advisor to…
Hawkins, Inc., a Roseville, Minnesota-based chemical manufacturer, has completed the acquisition of Theodore-based Water and Waste Specialties, Inc., which serves customers throughout Alabama, the Bluefield Daily Telegraph reports. Water and Waste Specialties distributes water treatment chemicals to keep water safe for consumption and the environment. “We believe this acquisition, combined with our recent acquisition of…
Harbor Financial Services, which has been in Mobile for more than 16 years, has been acquired by Level Four Group, LLC, a division of Carr, Riggs & Ingram, LLC (CRI), the companies announced. Level Four Group is a holding company for Level Four Financial, LLC, a registered broker dealer that offers financial services including wealth…
Hansen Heating and Air, based in Mobile, has been acquired by Florida-based Air Pros USA, according toBusiness Alabama. Hansen has operated in Mobile and Baldwin counties and along the Mississippi Gulf Coast since 2006. In addition to heating, ventilation and air-conditioning installation and repair, it also offers plumbing and electrical services. Owner Chad Setchell will…
Daphne’s BBB Industries, LLC, a remanufacturing industry leader in the automotive aftermarket, recently announced that it has acquired the equity interests of Spanish company FARE, S.A., and Italian company B.B.F., S.R.L. (more commonly known as Redline Auto Parts). The transactions encompass the entirety of the businesses. FARE brings 35 years of experience to the automotive…
Enstructure LLC of Wellesley, Massachusetts, announced it has entered into a definitive agreement to acquire Patriot Port Holdings LLC (Patriot Ports), the ports division of Patriot Rail & Ports. Patriot Ports’ operations include breakbulk, specialty cargo and cold storage in six terminals in Mobile; Jacksonville, Florida; Savannah, Georgia; and Sunny Point, North Carolina, with approximately…
Pittsburgh-based PNC Financial Services Group has won regulatory approval for its acquisition of Birmingham-based BBVA USA, Business Alabama recently reported. Both banks have many branches across Mobile and Baldwin counties. The deal, which would make PNC the nation’s fifth-largest bank, is expected to close June 1. It is valued at an estimated US$11.6 billion. “We…
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