HUNTSVILLE, AL – Mauldin & Jenkins announced that it will acquire Huntsville’s MDG Professional Group, P.C. (MDG), a full-service accounting firm in Huntsville, Alabama. Effective January 1, 2023, the transaction further expands Mauldin & Jenkins’ presence in the North Alabama region and represents the second acquisition in the Huntsville area for the rapidly growing firm […]
In May 2022, United Community Bank, Inc. (United) announced the acquisition of Progress Financial Corporation (Progress) in an all-stock transaction with an aggregate value of approximately $271.5 million. As of last week, United announced that the merger was completed. In this transaction, Progress’s bank subsidiary, Progress Bank and Trust, was merged into United’s bank subsidiary, […]
Defense Contractor L3Harris announced in a joint statement on Sunday that the company intends to acquire propulsion expert Aerojet Rocketdyne in a deal valued at $4.7 billion if approved by the Federal Trade Commission (FTC). L3Harris is optimistic the FTC won’t seek to block the acquisition like it did earlier this year when Lockheed Martin […]
JLL Capital Markets announced today that it has closed the sale of Whitesburg Center, a 49,821-square-foot retail center with significant value-add potential located in Huntsville, Alabama. JLL marketed the property on behalf of the seller, Baker Storey McDonald Properties. Last Mile Investments acquired the asset. Built in 1990 and renovated in 2002, the center offers both national and regional […]
Huntsville Hospital Health System and Lincoln Health System have jointly announced the completion of their due diligence process for the integration of their organizations. Under the 40-year lease agreement, which took effect July 1, Huntsville Hospital Health System assumed control and responsibility for operating all facilities of the Fayetteville, Tennessee-based Lincoln Health System, including Lincoln […]
Birmingham-based AV solutions provider Audio Video Excellence (AVX) announced that it is expanding into the Huntsville market with the acquisition of Huntsville company Audio Insight, located at 1229 Putman Dr. NW. Founded by Huntsville native John Miller in 2000, Audio Insight focuses on designing and installing audio systems into homes and businesses across North Alabama […]
Airiam, a Miami based IT and Digital Transformation company with a strong focus on cybersecurity, announced the acquisition of Huntsville-based Syntervision. Syntervision, headquartered in Huntsville, is responsible for developing a robust network of cybersecurity XDR, SIEM, and SOAR solutions in addition to a 24/7 Security Operations Center (SOC). When asked about the importance of integrating […]
Goodall Homes announced it has acquired Legacy Homes of Alabama, the largest private homebuilder in Huntsville. Founded in 2013, Legacy Homes has built over 1,500 homes and is on pace to complete over 400 more in 2021. Legacy Homes will maintain its brand in the market and the leadership team will retain their roles within the […]
Ametek has agreed to purchase Huntsville-based Abaco Systems for $1.35 billion, the Pennsylvania-based company said in a news release. A maker of electronics equipment, Ametek will acquire Abaco Systems in an all-cash transaction; it is expected to close in mid-2021. Abaco Systems specializes in open-architecture computing and electronic systems for aerospace, defense, and specialized […]
Risk analytics company QOMPLX has entered into an agreement to acquire Sentar, the two companies announced. Sentar is a cyber-intelligence company, applying analytics, operations and systems engineering expertise to protect our national security by innovating, building, and securing mission-critical assets. The Huntsville-based company will continue to be headed by President Darren Kraabel with other key […]
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