Royal Canin, a pet health nutrition company owned by Mars, is investing more than $200 million to expand its Lebanon facility in Tennessee to support its future growth, as per an announcement made in March 2021. The pet food company will expand its operations in Wilson County with the investment, creating 90 plus jobs. Expansion […]
E-commerce giant Amazon has revealed plans to establish a fulfillment center in Alcoa, Tennessee in 2022. The new Amazon fulfillment center, which is being developed by Hillwood Development Company, will generate 800 new full-time roles. Currently, Amazon has fulfillment and sortation centers in Charleston, Chattanooga, Memphis, Lebanon, Murfreesboro, and Nashville. Holly Sullivan – Amazon head […]
US-based OrthoBanc said that it has been acquired by Accel-KKR and is being merged with the latter’s OrthoFi to create a major player in orthodontic patient acquisition and financial management. Accel-KKR, which is a technology-focused private equity firm, had invested last year in OrthoFi, a software and technology-enabled service platform that caters to the orthodontic […]
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 […]
USI Insurance Services has agreed to acquire Findley, a human resources (HR) and employee benefits consulting firm based in Tennessee, for an undisclosed price. Findley, which was established in 1969, offers actuarial, benefits, and administrative consulting services. The company caters to private and public held firms, the public sector, and also non-profit organizations. On the […]
Cascade Hollow Distilling, a department of Diageo-owned Tennessee whiskey producer George A. Dickel & Co., is set to launch a new line of whisky called Cascade Moon Whisky this fall in the US. Cascade Moon Whisky will have a couple of variants that will be released over the next year. The first release from the […]
Roark Capital Management has completed its $1.553 billion acquisition of US-based ServiceMaster Brands, a provider of residential and commercial restoration and cleaning services. The ServiceMaster Brands franchise businesses has been acquired from ServiceMaster Global by an affiliate of investment funds managed by Roark Capital Management, which is an Atlanta-based private equity firm. ServiceMaster Brands operates […]
Logo Brands, a licensee for hard good sports products, has agreed to acquire the Boelter Brands drinkware and Topperscot lines from The Boelter Companies to grow its market share of gameday merchandise. Based in Tennessee, Logo Brands manufactures officially licensed products for over 450 teams and organizations such as collegiate, NFL, MLB, MLS, NHL, NBA, […]
Propel Insurance, a US retail insurance agency, has acquired HealthCare Services (HCS), a boutique risk management and insurance consulting company based in Knoxville, Tennessee, for an undisclosed price. HealthCare Services specializes in catering to senior care organizations. Propel Insurance, which is a portfolio company of Flexpoint Ford, said that the enlarged firm following the acquisition, will […]
The Mather Group (TMG), a US wealth management firm, has acquired Resource Advisory Services, a Tennessee-based financial advisory firm for an undisclosed price, in a move to expand its footprint in the southeast US. Resource Advisory Services, which has $116 million in assets under management (AUM), is the sixth acquisition for The Mather Group in […]