The deal combines two companies with a lot in common: both sell used cars, both have had huge losses in the last year and just replaced their CEOs, and both have lagging stock prices.
CarLotz brand to be retired in merger with San Francisco peer
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.
No decision yet in Hild case as blame game intensifies
Michael Hild continues to shine a light on the legal troubles of his former attorney, while federal prosecutors accuse Hild of creating an anonymous Twitter account to smear his childhood friend and other associates.
‘Promised land’: Former Goochland County golf course sold, set to become COVID memorial
A local nonprofit hopes to transform 151 acres of the shuttered Royal Virginian Golf Course into a $33 million memorial that would draw mourners to the tranquil setting.
Bankers claim victory as SCC rules against VACU expansion bid
After a three year legal dispute, the Virginia State Corporation Commission decided Virginia Credit Union cannot offer membership to the 10,000-member Medical Society of Virginia.
Brothers open indoor golf simulator venue along Broad Street
The aptly named Indoor Golf RVA is the latest simulator-powered venue in Richmond. Another is in the works nearby at the massive Park at RVA entertainment complex.
Insurance veteran Hilb back in C-suite
“I didn’t have an enormous desire to come out of retirement. I didn’t need to come back to work,” said Bob Hilb. “But I see an opportunity to finish something I started a long time ago and end my career the way I wanted.”
Pittsburgh-based banking giant makes its move into Richmond
The $42 billion First National Bank will start with a single-person crew on the commercial side, manned by a veteran of the local banking scene.
Local investor group adds to RV park holdings, expands cold storage business
Yogi Singh, Stewart Garland and Pushkal Basavaraj, through their firms National Land Lease Capital and AgCold, continue to show their appetite for campgrounds and nuts.
Former CarLotz chief tops list of local public company CEO pay
The average increase in total compensation last year among the 23 CEOs was 200 percent, a figure that’s skewed somewhat by the nearly 4,200 percent increase reaped by Michael Bor.
Upstart Chesterfield airport operator shut down by the county after a year
Richmond Executive Aviation, which launched in June 2021 to bring more competition to the municipal airport, was forced to cease operations late last month.