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Tag Archives: acquisition

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 by the end of the ...

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The First expands Gulf presence with BCB acquisition

The First Bancshares Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, has acquired BCB Holding Company Inc., holding company for Mobile, Alabama-based Bay Bank. Terms were not disclosed. The First president and CEO Hoppy Cole said, “We are excited about the opportunities that this merger will create in the Mobile market.” The acquisition will further expand ...

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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 firm, has been lead investor ...

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C Spire buying Megagate Broadband for undisclosed price

RIDGELAND and HATTIESBURG — Mobile and Internet provider C Spire says it will buy MegaGate Broadband of Hattiesburg, which sells phone and Internet services to businesses. The move, announced yesterday, is part of Ridgeland-based C Spire’s continued diversification into a broader array of phone, Internet and video services, which includes a new focus on business customers. “We really want to ...

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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 to Avis Budget Car Rental, ...

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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, The First Bancshares has received ...

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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 provided by Wells Fargo Equipment ...

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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 situated on 19 acres and ...

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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 as the prevailing purchaser in ...

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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 earlier period was before the ...

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