Report: Ametek near $1.5 billion deal to acquire Huntsville’s Abaco
Bloomberg is reporting that Ametek Inc. is in “advanced talks” to buy Huntsville’s Abaco Systems Inc. for up to $1.5 billion. Veritas has owned Abaco, which works in aviation systems, information processing and network communications, since 2015. Ametek, based in Berwyn, Pennsylvania, manufactures electronic instruments and electromechanical devices. – Bloomberg
Google: We helped bring more than $1 billion to Alabama
An economic impact report from Google says the company helped bring $1.17 billion of economic activity to Alabama in 2020. This included helping 17,700 businesses, nonprofits, publishers, creators and developers, Google says. – Google
12 from Alabama on Barron’s financial advisors list
Twelve financial advisors from around the state are on Barron’s list of top 1,200 financial advisors for 2021. The top five in the state are Tony Smith, UBS Wealth management, Birmingham; Jeff Roberts, Ameriprise Financial, Birmingham; Robert Runkle, Merrill Lynch Wealth Management, Montgomery; Wes Clayton, Twickenham Advisors, Huntsville; and Jerry Duncan, UBS Wealth Management, Birmingham. – Barron’s
Huntsville residential building breaks ground
The first residential building at MidCity District, the multi-use project on the site of the former Madison Square Mall in Huntsville, has broken ground. Metronome at MidCity will be a five-floor, 296-unit apartment building. – AL.com
