In the early hours of Saturday, a mass shooting rocked the quiet town of Lexington, Mississippi. Three individuals lost their lives, and eight others were injured when gunfire erupted at a homecoming celebration for Holmes County Consolidated School. Authorities reported that a fight broke out among some attendees before at least two individuals opened fire […]
In a significant move within the utility sector, Bernhard Capital Partners, a prominent private equity management firm specializing in services and infrastructure, has announced the acquisition of CenterPoint Energy, Inc.’s natural gas distribution operations in Louisiana and Mississippi. The deal, valued at $1.2 billion, marks a pivotal moment for both companies, with Bernhard Capital’s portfolio […]
Origis Energy, a leader in America’s renewable energy and decarbonization solutions, has announced a substantial milestone, securing $317 million in project tax equity funding from J.P. Morgan. This investment is earmarked for two utility-scale solar and solar plus battery storage projects located in New Mexico and Mississippi, marking a significant advancement in the nation’s renewable […]
Mississippi-based First Bancshares has agreed to acquire rival American bank holding company Heritage Southeast Bancorporation in an all-stock deal worth around $207 million. First Bancshares is the parent company of The First Bank, while Heritage Southeast Bancorporation owns the Heritage Southeast Bank, based in Jonesboro, Georgia. The deal is expected to deepen the footprint of […]
HCI Equity Partners-backed Tech24 has acquired TEMCO, a Mississippi-based provider of repair and maintenance services for commercial kitchen and HVAC equipment, for an undisclosed price. Based in South Carolina, Tech24 provides repair and maintenance services for foodservice and commercial HVAC equipment across the US. TEMCO is the ninth add-on acquisition for Tech24 in the foodservice […]
The First Bancshares said that it has secured all the necessary regulatory approvals for closing the previously announced $116.7 million acquisition of Beach Bancorp, the holding company for Florida-based Beach Bank. According to the Mississippi-based holding company, the all-stock deal is expected to close on 1 August 2022. It will be contingent on customary closing […]
First Bancshares, the Mississippi-based holding company for The First Bank, has agreed to acquire Beach Bancorp (BBI), the parent company of Florida-based Beach Bank in an all-stock deal worth around $116.7 million. The deal is expected to expand the footprint of The First Bank in the Florida panhandle. It will also enable an entry into […]
BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, have secured the final approval for their previously announced merger, which has come from the US Federal Deposit Insurance Corporation (FDIC). The approval from FDIC follows approvals by the Mississippi Department of Banking and Consumer Finance and shareholders of both the bank holding companies. […]
Four Corners Property Trust (FCPT) has acquired half a dozen National Tire and Battery (NTB) branded properties in Mississippi and Ohio for a sum of $11.6 million. The real estate investment trust (REIT) said that the acquired assets are corporate-operated under triple net leases with nearly three years of weighted average term left. The portfolio […]
Global insurance brokerage Hub International has acquired the insurance brokerage assets of Larry Dean Massey, Jr. (Massey) for an undisclosed price. Massey, which has legacy operations in Memphis, Tennessee, and in Oxford, Mississippi, provides insurance and risk management services. The company caters to clients with a focus on various industries such as hospitality, construction, and […]