Saban group acquires dealerships
Dream Motor Group, led in part by former University of Alabama football coach Nick Saban, has purchased two car dealerships in Montgomery. The sale of Toyota of Montgomery and Lexus of Montgomery totaled $151 million. Pinnacle Mergers & Acquisitions announced the sale. – PR Newswire
Robins & Morton marks North Carolina building milestone
Birmingham-based construction firm Robins & Morton recently celebrated the topping out of the Duke Health Cary B200 building in Cary, North Carolina. The topping out signifies the completion of the external structure of a building. – Robins & Morton
Alabama Power freezing rates for 2 years
Alabama Power plans to keep electricity rates where they are for the next two years. The utility filed its intent to freeze rates with the Alabama Public Service Commission. – AL.com
Hoover administrator now economic development director
Ken Grimes, Hoover’s city administrator since October 2023, has been named economic development manager for the city. He holds a master’s in economic development from the University of Southern Mississippi. – Hoover Sun
