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Business Alabama Staff

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Southeastern Grocers Raises almost $500,000 for Children’s Hospitals

Children’s of Alabama is one of eight top children’s hospitals to benefit from more than $461,900 raised by Southeastern Grocers, parent company of Winn-Dixie. The...

Mobile’s Timber Ridge Apartments Sold

The 320-unit Timber Ridge apartment complex in west Mobile has been acquired by a pair of investment firms. Legacy Capital Partners, based in Cleveland, and...

Birmingham Fastener Acquires Steel City Bolt

Birmingham Fastener has acquired Steel City Bolt and Screw. Operations of Steel City will be consolidated into Birmingham Fastener’s production facility in Birmingham. Both companies...

Elevation Financial Group Sells Huntsville Apartment Complex for $13 Million

Florida-based Elevation Financial Group has sold the Serenity Apartments at Huntsville for $13.25 million. The group purchased the property for $5.38 million in 2017...

FirstBanc Acquires SouthFirst

Talladega-based FirstBanc of Alabama Inc., parent company of First Bank of Alabama, has completed its acquisition of SouthFirst Bank, which was announced last October. The...

Sabel Steel Celebrates 165 Years

Montgomery-based Sabel Steel is celebrating its 165th year in business by donating $165,000 to local causes. Recipients span the six regions where Sabel operates —...

Birmingham Businessman Launches Starboard Investments

Birmingham-businessman Brandon Stewart has launched Starboard Investments, a Jimmy John’s franchise that owns and operates 12 locations in central Alabama. A former investment banker, Stewart...

Children’s of Alabama Spotlighted in Johnson Controls Energy-Saving Service

Johnson Controls is kicking off a new offering called OpenBlue Buildings as a Service, designed to help clients reduce energy consumption. And the Wisconsin firm’s...

KKR takes major stake in Therapy Brands

International investment firm KKR has agreed to purchase a majority stake in Birmingham’s Therapy Brands for $1.2 billion. The Birmingham firm, founded in 2013, creates...

Aerojet Rocketdyne Engine Passes Final Test-Fire Milestone

The Aerojet Rocketdyne RS-68A engine completed its final hot-fire acceptance test Monday at Stennis Space Center. Three of the rockets are used to power...

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