Posts Tagged ‘purchase’

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 […] [...]

Canadian company purchasing Southern Lumber for nearly $50M

HERMANVILLE — A Canadian company is buying a sawmill in southwest Mississippi for $48.7 million. Canfor Corp. of Vancouver, British Columbia, said yesterday that it would buy Southern Lumber Co. of Hermanville from the Dearman and Sulser families. Southern Lumber makes pine boards, specializing in wide and long lumber, with a yearly capacity of 90 […] [...]

New York firm buying majority interest in Tupelo mall, shopping center

TUPELO — Rouse Properties Inc., a New York-based owner and operator of enclosed regional malls, has entered a joint venture partnership with David Hocker & Associates Inc. to own and operate The Mall at Barnes Crossing, a single-level, 670,000-square-foot enclosed regional mall in Tupelo. The joint venture also includes Market Center, a 60,000-square-foot strip shopping […] [...]

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 […] [...]

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 […] [...]

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 […] [...]

Franchise Services gives update on bankruptcy proceedings

RIDGELAND — Franchise Services of North America Inc. has issued an update on the previously announced proposed sale of certain assets used in connection with the business of the company’s wholly-owned subsidiary, Simply Wheelz, LLC, which does business as Advantage Rent A Car. The Catalyst Capital Group Inc., on behalf of one or more funds […] [...]

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 […] [...]

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