Latest Charlotte / Raleigh business news

Group 1 Automotive Acquires Hilton Head BMW Dealership

HOUSTON -- Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, today announced the acquisition of Hilton Head BMW in Blufton, S.C., that is expected to generate $45.0 million in estimated annual revenues.

"Hilton Head BMW is our thirteenth BMW franchise in the United States," said Earl J. Hesterberg, Group 1's president and chief executive officer, "and will complement Group 1's existing Audi, BMW and Toyota dealerships in South Carolina."

Group 1...

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Tekelec Completes $780M Acquisition

MORRISVILLE, NC -- Tekelec (NASDAQ: TKLC) today announced the completion of its acquisition by a consortium led by Siris Capital Group, LLC and including affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners LP, Sankaty Advisors LLC, ZelnickMedia and other Siris limited partners and affiliates, in a transaction valued at approximately $780 million. The transaction was initially announced on November 7, 2011 and was by...

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In the News

• Middle Market Investment Banking Firm FOCUS LLC Represents SecurAmerica, LLC in Acquisition of Aeropoint Secur...
• SCBT Reports Q4 Net Income of $4.8 Million
• NewBridge Bancorp Reports Net Income of $1.4 M
• Aquilex Holdings Announces Extension of Exchange Offer
• Yancey Truck Centers to Acquire Mays International Trucks
• Yadkin Valley Financial Corp. Reports Q4 Net Income of $2.2M
• AmWINS Group Completes Acquisition of THB Group
• Tekelec Shareholders Approve Merger
• Axum Capital Partners Acquires Wild Wing Cafe
• 3 Reasons Bank Of America Has A Bright 2012 Ahead
• Lowe's: Don't Be Fooled By The Market's Optimism
• Why Bank Of America Will Trade At $10
• GlobalOne Acquires Weblinc
• SPX to Sell its Service Solutions Business to Robert Bosch GmbH for $1.2B
• Citizens South Banking Corp. Announces Q4 2011 Financial Results
• Nucor Q4 Earnings Preview

User-Generated News

• Semprius Selects High-Tech BtoB PR and Marketing Firm Arketi Group as Agency of Record
• Fitch Rates Lincoln County, NC $20MM GOs 'AA'; Outlook Stable
• MillerCoors, NASCAR and Penske Racing Announce Major Partnership Extensions
• PPD and VirtualScopics Expand Strategic Alliance for Medical Imaging Services
• TAG Smart Energy Society Presents Securing the Grid: Smart Grid Vulnerability
• HealthLink Dimensions Partners with Billian’s HealthDATA

People

• LipoScience Names Timothy J. Fischer Chief Operating Officer

  RALEIGH, N.C.--(BUSINESS WIRE)--LipoScience, Inc., an in vitro diagnostic company advancing patient care by developing high value proprietary clinical tests using nuclear magnetic resonance (NMR) technology, today announced that Timothy J. Fischer has been named Chief Operating Officer. Mr. Fischer joined LipoScience in 2010 as Vice President of Research and Development. In his new role, Mr. Fischer will oversee research and development, commercial operations and medical affairs.

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• Sandi Formanek Appointed to Director of Project Management for Greenspring Energy

  Greenspring Energy is pleased to announce the appointment of Sandi Formanekto the position of Director of Project Management. Formanek transitions into this role after serving as a Senior Area Sales Manager for Greenspring Energy, a position she held since joining the organization four years ago. As Director of Project Management, Formanek develops procedures to support and improve operational efficiency, project planning and customer relations processes and standards for Energy. is...

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• Paige Johnson Joins Edge Capital Partners in Carolinas
• Greenspring Energy Promotes Greg Young to Director of Field Services
• ECB Bancorp Appoints Will Sampson Chief Information Officer
• ECB Bancorp Promotes Lorie Runion EVP

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