We’ve packed the house. Tickets for the latest installment of BizSense’s Hard Hat Happy Hour: Presented by Sands Anderson, are officially sold out. A crowd of more than 200 quickly snatched up tickets for a chance to see the guts of the former Flood Zone and Have a Nice Day Café building at 11 S…. Read more »
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.
BioRide hitches on to Richmond Limousine
In a bid to keep accelerating its growth, a local transportation company has acquired one of its smaller competitors. Richmond Limousine finalized a deal Wednesday to purchase 100 percent of BioRide, a grease-powered car service founded in 2010. The deal marks the second change of ownership for BioRide in the last 12 months. Founders Jeff… Read more »
Out-of-town finance firm sets up shop in Richmond
A veteran of the local investment scene has been tapped by a Norfolk firm to open its first Richmond office. Paul Ferwerda, who last year left locally based Thompson Siegel and Walmsley after more than two decades, last month joined Wilbanks, Smith & Thomas Asset Management. Ferwerda is in his 34th year in the investment… Read more »
N.C. buyer snatches up Bank of Virginia
The wave of bank consolidation has come ashore in Richmond once again. Midlothian-based Bank of Virginia and its parent company Cordia Bancorp announced on Friday a deal to be acquired by First Citizens Bank & Trust, one of the top 50 largest banks in the U.S. The all-cash deal, which is expected to close by… Read more »
Henrico firm bagged by PGA Tour affiliate
After more than two decades of selling software to golf courses, a local tech company caught the eye of a suitor with a big-name backer. Integrated Business Systems, headquartered in Henrico County, was acquired in recent weeks by EZLinks Golf, an affiliate of the PGA Tour. Financial terms of the deal were not disclosed. The… Read more »
Hard Hat Happy Hour II: One last party at the Flood Zone
After selling out the first wave of tickets in less than two days for the latest installment of BizSense’s Hard Hat Happy Hour: Presented by Sands Anderson, we have 50 tickets remaining in the second wave, still at the intro price of $35. Our popular quarterly series is headed to Shockoe Bottom on the evening… Read more »
Third local Subaru dealership in the works
A Charlottesville-based car dealer is adding to its lineup in the Richmond market. Carter Myers Automotive is building a new Subaru dealership in Chesterfield County after winning the rights to run the Japanese automaker’s third location in the area. Dubbed Colonial Subaru, the lot and showroom are taking shape on 4 acres at 2122 Ruffin… Read more »
Update: Luck Cos. serves up deal with new Farrell-led firm
Update: This story has been updated to report the fact that investment banking firm SunTrust Robinson Humphry represented Luck in the Har-Tru transaction. An upstart downtown private equity firm and a nearly century-old local company struck a deal this week that brings together members of two of the most well-known family names in the Richmond business scene…. Read more »
Innsbrook venue seals sponsor deal
Nearly two years after losing one of its big sponsors, a Glen Allen concert series has a new, longer moniker thanks to a recently signed naming rights deal. Innsbrook After Hours, which puts on a string of shows each year at its 5-acre facility at 4901 Lake Brook Drive, is now known as the “Bud… Read more »
Dominion to build 20-story tower downtown
Dominion Resources has shed some more light on its plans to change the downtown skyline. The Richmond-based utility giant announced Thursday it will build a 20-story, 908,000-square-foot office tower at 111 S. Sixth St. The high-rise will replace the existing six-story, 269,000-square-foot Richmond Plaza building, which sits across the street from Dominion’s One James River… Read more »