Posts Tagged ‘acquisition’

FTC approves Franchise Services’ sale of airport locations

RIDGELAND — Franchise Services of North America Inc. (FSNA) has released an update on the previously announced proposed sale of 22 airport concession agreements used by the company’s wholly-owned subsidiary, Simply Wheelz, LLC, which formerly did business as Advantage Rent A Car. The Federal Trade Commission has approved the sale of 12 of the locations […] [...]

BCB shareholders approve proposed merger with The First

HATTIESBURG — BCB Holding Company Inc. shareholders have approved the previously announced merger of BCB with and into The First Bancshares Inc., holding company for The First, A National Banking Association. Concurrently, BCB’s wholly-owned subsidiary, Bay Bank, an Alabama banking corporation, will be merged with and into The First, A National Banking Association. In addition, […] [...]

Signet Maritime buys assets of Harvey Gulf

NEW ORLEANS — New Orleans-based Harvey Gulf International Marine has sold its towing division to Signet Maritime Corporation. Signet said the acquisition includes eight offshore towing vessels. Houston-based Signet, which has facilities in Louisiana and Mississippi, said it has committed to retention of all crewmembers. Signet said the transfer of ownership was completed with financing […] [...]

Colorado company buys lubricant facility, moving headquarters

VICKSBURG — CAM2 International, LLC of Evergreen Col., has acquired an existing lubricant blending and packaging facility located in Vicksburg. Terms were not disclosed. CAM2 said the Vicksburg facility, which it does not identify by name, will become CAM2’s new corporate headquarters and serve as CAM2’s Southern blending and packaging operation. The 93,000-square-foot facility is […] [...]

Franchise Services sells assets of bankrupt Advantage Rent A Car

RIDGELAND — Franchise Services of North America Inc.’s wholly-owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, has completed the sale of 41 U.S. airport concession agreements used in the Advantage business to The Catalyst Capital Group Inc. (on behalf of one or more funds managed by it). Catalyst was selected […] [...]

Renasant reports better profits after First M&F acquisition

TUPELO — Regional bank Renasant Corp. says profit in 2013′s fourth quarter rose 80 percent in the second period following its takeover of First M&F Corp. Renasant posted quarterly profit yesterday of $13.6 million, or 43 cents per share. That’s up from $7.6 million, or 30 cents per share, in 2013′s first quarter. Because that […] [...]

BancorpSouth buying Louisiana-based insurance firm

TUPELO — BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, has, signed a definitive agreement to acquire the assets of Lafayette, La.-based Knox Insurance Group, LLC. The transaction is expected to close immediately.  Financial terms of the pending transaction were not disclosed. “The Knox acquisition gives us an opportunity to meaningfully expand our market […] [...]

County sells proposed landfill site to local cardiologist

CORINTH — Alcorn County supervisors have accepted a bid of $1,100 per acre for 125 acres once proposed for a rubbish landfill. The board of supervisors voted 3-2 for the sale to Corinth cardiologist Dr. John Prather. The proceeds will go into the county solid waste fund. The county had owned the 129-acre property for […] [...]

Venture Technologies merging with ISC, acquiring SAT

RIDGELAND — Venture Technologies intends to merge with Information Systems Consulting Inc. (ISC), a Denver-based advanced technology solution provider. Founded in 1998 in Casper, Wyo., ISC provides basic and advanced IT infrastructure solutions throughout Colorado, Wyoming, and Utah and operates a SOC 2 Type II Audited Data Center in Englewood, Colo. Venture reports that this […] [...]

Cal-Maine sees better sales, net income

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has released its results for the third quarter and nine months ended March 1, 2014. Net sales for the third quarter of fiscal 2014 were $395.5 million, compared with net sales of $360.4 million for the third quarter of fiscal 2013. The company reported net income of $42.9 million, or $1.78 […] [...]

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