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.
Swag seller Brandito makes first private equity-backed acquisition
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.
Blue Ridge Bank gets shareholder approval for $150M capital raise
The investors leading the raise include most notably Kenneth Lehman, who has a track record of propping up Richmond-area banks in need of capital.
Locally based Flagstop Car Wash acquires three locations from rival chain
“It would take a lot for a competitor to come into the Richmond market and gain any market share from us,” said CEO Jamie Nester. “It would be really hard for somebody to catch up to us.”
C&F Bank swapping branches in Brandermill area
“You’ve got to play offense in Chesterfield. Everyone wants to be in that market,” C&F executive Matthew Steilberg said of the bank’s move into a former Wells Fargo location.
Judge calls for Hild to pay $46M in restitution
If the amount is approved by the court and Hild’s conviction survives his appeal, the restitution would be owed to four lenders and the bankruptcy estate of his former company.
Atlantic Union gets green light to acquire American National Bank
Richmond’s biggest bank has all the necessary approvals in place to close its deal with the Danville-based bank. It expects to finalize the acquisition on April 1.
Local golf cocktail maker drives growth with new distribution deals, new flavors
Fore Craft Cocktails now has a line of five flavors and distribution deals in nine states, with more in the works.
Former Primis Bank employee pleads guilty in $2.4M embezzlement scheme
The former commercial lender and branch manager worked at the bank for more than 20 years and admitted to a loan scam that spanned 15 years. He faces up to 30 years in federal prison.
Longtime local vocational forensic firm Broughton Associates sold to N.J. peer
After four decades of testifying as an expert witness in personal injury and divorce cases, Gray Broughton has found a way to keep working while easing toward retirement.
Rockefeller family’s wealth advisory firm expands into Richmond after luring team from Truist
The company, which has expanded into dozens of new markets over the last five years, made its move into Richmond earlier this month and set up shop downtown.