Members of the powerful Richmond family are once again looking to wield their position as the largest shareholders of the locally based industrial manufacturer.
Gottwalds look to exert leverage, push for changes atop Tredegar Corp.
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
With $150M in new capital in hand, Blue Ridge Bank looks for more stable footing
The cleanup job continues at Blue Ridge Bank, and it just got eight figures worth of cash to help it get back on track.
Local real estate finance firm hunts for deals after lining up $50M war chest
The Innsbrook-based company said it was recently tapped to be the steward of a $50 million pool of outside capital that’s to be put entirely into commercial real estate transactions.
Local jeweler settles ‘nanny cam’ video voyeurism lawsuit
Lustre and co-owner Robin Salzberg last month resolved a long-fought lawsuit filed against them by the Salzberg family’s former nanny.
Medalist REIT unloads Mechanicsville shopping center for $13M
The publicly traded firm sold Hanover Square shopping center in Mechanicsville while also turning down an offer from a vocal shareholder to take the company private.
Euroclassics Porsche to become Porsche Richmond, build new $16M dealership in Midlo
“It’s a lot of time and a lot of money but it’ll be worth it,” said dealer principal Mark Cooke. “I think we’ve outgrown our current space and you either play the game or get out of the game.”
Strasburg’s First Bank to buy locally based Touchstone Bank
“It really is a nice jump start for us to expand our footprint across Richmond and not just in the West End where we’ve been,” First Bank CEO Scott Harvard said of the $47 million deal.
An arrest and indictment tanked his businesses. Now he’s been exonerated.
“I went from everyone in the business world disowning me and not talking me. My mental state was not great and now I’m at an all-time high and I don’t know how to deal with it,” said Eugene Thomas.
Performance Pickleball expanding from Regency to Roanoke
“We’re taking the leap west,” said Lee Warfield, who also is CEO of locally based commercial real estate giant Thalhimer. “We feel like we’ve created a really great brand that’s already well known in the state and in Roanoke.”
Swag seller Brandito makes first private equity-backed acquisition
Brandito’s deal in Fairfield, Ohio, is the latest in a recent streak of acquisitions by Richmond-based companies that are deploying new private equity pools.