Posts Tagged ‘buy’

Molpus Woodlands buys Virginia acreage

The Molpus Woodlands Group, LLC, a timberland investment management organization headquartered in Jackson announced Tuesday the purchase of 36,283 acres in Virginia. Located in 23 counties surrounding Richmond, the primarily southern pine plantation property has been in production for decades and is located in a stable timber market and a growing bioenergy market area, the […] [...]

Hancock selling Whitney Bank branches in Houston

GULFPORT — Hancock Holding Co. says it will sell four Whitney Bank branches in Houston to Community Trust Bank of Ruston, Louisiana. Community Trust Bank will acquire $15 million in loans and $135 million in deposits, pending regulatory approval. The sale is expected to close by the end of March. No purchase price was disclosed. […] [...]

Community Health System subsidiary acquires Natchez Regional Medical Center

NATCHEZ — A subsidiary of Franklin, Tennessee-based Community Health Systems Inc. has acquired substantially all of the assets of the 179-bed Natchez Regional Medical Center. Terms were not disclosed. Natchez Regional Medical Center voluntarily filed a Chapter 9 bankruptcy petition in March 2014. Community Health Systems’ subsidiary was the sole and winning bidder in an […] [...]

Callon Petroleum to sell shares to fund acquisition in Texas

NATCHEZ — Callon Petroleum Company is selling stock to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company will sell 12.5 million shares, giving the brokerages underwriting the sale the option to buy up to another 1.875 million shares. At current prices, Callon […] [...]

Georgia-Pacific completes acquisition of SPG Holdings

HATTIESBURG — Georgia-Pacific, LLC and SPG Holdings, LLC have completed the previously announced acquisition of SPG by Georgia-Pacific. Financial details of the agreement are not being disclosed. As a result of the acquisition, Georgia-Pacific acquired all of the equity of SPG held by investors in the company including CIC Partners, a Dallas-based middle market private […] [...]

MetroCast Mississippi acquired by Ohio-based company

JACKSON — Block Communications Inc. has acquired MetroCast Mississippi, a rural cable system that provides cable television, telephone and Internet services to more than 45,000 residential and business customers in 16 Mississippi counties. Toldeo, Ohio-based BCI also acquired MetroCast operations serving Red Bay, Alabama. BCI says in a statement the deal is expected to close […] [...]

Georgia-Pacific buying SPG facilities in three states

HATTIESBURG — Georgia-Pacific Consumer Products, LP and SPG Holdings, LLC have reached an agreement under which Georgia-Pacific would purchase SPG, a paper goods company that manufactures and converts products for the foodservice industry. SPG has operations in Hattiesburg as well as Green Bay, Wisconsin, and Augusta, Georgia. CIC Partners, a Dallas-based middle market private equity […] [...]

Colorado company purchases MedStat EMS

WINONA — American Medical Response (AMR) has acquired MedStat EMS Inc. in Winona as well as Life Line Ambulance in Prescott, Ariz. Terms were not disclosed. The acquisitions will generate estimated annual revenues of $36 million and employ more than 250 clinicians and support team members, according to AMR. “Life Line and MedStat are outstanding […] [...]

Security Plan completes purchase of Magnolia Guaranty

RIDGELAND — Security Plan Life Insurance Company has completed the purchase of Magnolia Guaranty Life Insurance Company. On March 7, Citizens Inc. subsidiary Security Plan completed its acquisition of Magnolia of Ridgeland for $5.23 million. Security Plan paid cash in exchange for 409,553 shares of Magnolia capital stock outstanding. In response to receiving the Mississippi […] [...]

Cal-Maine closes on acquisition of Delta Egg Farm

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has closed the previously announced acquisition of 50 percent of the membership interests of Delta Egg Farm, LLC from Sunbest Foods of Iowa Inc., a Moark, LLC affiliate. Delta Egg Farm owns and operates a feed mill and egg production complex with capacity for approximately 1.2 million laying […] [...]

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