Local document services and logistics firm Bizport usually does the acquiring – but this time it sold off about 25 percent of its business to a Texas company.
Bizport sale not business as usual
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.
SBA borrowing down in Va.
Lending to small businesses in the state showed a 36 percent decline in the fourth quarter of 2011 compared to the same three months of 2010.
Richmond firm’s lobbying arm expands to the Lone Star State
McGuireWoods Consulting, the locally-based lobbying arm of legal giant McGuireWoods, has opened a new office in Austin, its first in Texas.
Commercial delinquencies on the rise
The value of troubled commercial mortgage-backed securities rose about 26 percent in 2011 for the Richmond area, as landlords with more vacancy and lower rents had trouble refinancing loans that came due.
Trading Day: Inside the SEC filings for 1.12.12
Some big stock acquisitions for local insiders. Plus a local REIT has hired a slew of investment banking firms to help combine four of its funds. And Brink’s bought a French logistics software company.
Newspapers advertise for advertising in newspapers
The Virginia Press Association is braced for its annual fight with Del. Steve Landes over a bill to free up localities from having to advertise public notices in newspapers.
Deal Flow: M&A Roundup for 1.11.12
Avitas Capital and Ewing Bemiss make their first appearances in DealFlow. Plus deals this week from Cary Street Partners, Harris Williams and BB&T.
Fla. REIT sells local buildings
A deal to sell five Richmond office buildings was announced last week as a Florida REIT is unloading the last of its local real estate holdings.
Monday Q&A: No bubble for sports facility
RBS chats with Mark Grossman, who after five years running soccer leagues and other sports under the domed roof of a bubble, plans to spend big money to expand and build a third field with a more permanent structure at SCOR. And naming rights are available.
Wells Fargo sues to collect from Fergusons
A second bank claims the Fergusons lied about their wealth to get loans, and has sued to recover debts it doesn’t want tossed out in bankruptcy.