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  #121  
Old Posted Jan 3, 2020, 7:40 PM
Ric 0_0 Ric 0_0 is offline
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Atlanta tech companies and startups blew prior funding records out of the water in 2019.

After breaking the 2018 standing record for VC capital raised in the city by Q3 this year, Atlanta startups continued to raise major rounds at the tail end of 2019.

The top three raises of VC dollars this year were cybersecurity startup OneTrust’s $200M round, cryptocurrency exchange Bakkt’s $182.5M round and medical marijuana startup Parallel’s $100M Series D round.

https://www.americaninno.com/atlanta...dings-in-2019/

A good link with some of the biggest VC funding deals in the ATL.
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  #122  
Old Posted Jan 4, 2020, 8:51 PM
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Originally Posted by Ric 0_0 View Post
Law firm software provider Aderant has acquired Sewickley-based Bellefield Systems, a software company that helps lawyers recover more billable time and grow revenue. The acquisition is a continuation of the Atlanta company’s commitment to cloud solutions for law firms and the growing market for compliance with outside counsel guidelines. It further broadens Aderant’s solutions and expands its ability to support law firms regardless of their practice management solution.

Aderant operates as a unit of Roper Technologies, a constituent of the S&P 500, Fortune 1000 and the Russell 1000 indices.

https://www.smartbusinessdealmakers....field-systems/
Wow our law firm uses this software for opening new cases.
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  #123  
Old Posted Jan 6, 2020, 2:10 PM
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A joint venture between Atlanta-based Piedmont Healthcare and WellStreet Urgent Care recently acquired nine urgent care centers, expanding its footprint to 26 urgent care facilities.

With the acquisition, Piedmont Urgent Care by WellStreet has more patients than any other urgent care network in Georgia. Peachtree Immediate Care, part of Atlanta-based Emory Healthcare, has the most urgent care centers in the state, according to the report.

https://www.beckershospitalreview.co...e-centers.html
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  #124  
Old Posted Jan 7, 2020, 11:44 PM
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GA based companies had a good showing on Forbes's Largest Private Companies in America for 2019

Rank____________________________Revenue

15. Cox Enterprises_________________21 Billion
31. RaceTrac Petroleum______________11.1 Billion
45. Mansfield Energy________________8.6 Billion
68. Southwire_____________________6.1 Billion
146. Holder Construction____________3.2 Billion
148. Pratt Industries_______________3.2 Billion
157. Colonial Group________________3 Billion

https://www.forbes.com/largest-priva...list/#tab:rank
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  #125  
Old Posted Jan 8, 2020, 11:21 PM
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Coca-Cola Co. on Jan. 3 announced that it acquired the remaining stake in Fairlife LLC from its joint venture partner Select Milk Producers. Coca-Cola now owns 100% of Fairlife, up from its 42.5% stake. Financial terms of the transaction were not disclosed.

Fairlife, which launched in 2012, started with a high-protein milk shake called Core Power and has grown to offer a broad portfolio of products in the fast-growing value-added dairy category in North America. Its specialty has been filtered concentration of milk, providing higher levels of protein and lower levels of sugar and fat. Fairlife will continue to operate as a stand-alone business based in Chicago.

Value-added dairy has been a growing category in the U.S. and is an interesting tangent for Coca-Cola. Fairlife ultra-filtered milk debuted in 2014, and sales have grown by double digits every year since. According to Nielsen AMC figures supplied by Coca-Cola, Fairlife surpassed $500 million in retail sales last year.

Fairlife also has grown through new product innovation, expanding from its filtered milks to high-protein recovery and nutrition shakes and drinkable snacks. It's also been supported by the reach of Coca-Cola’s U.S. system, with products distributed both through the Minute Maid distribution system and Coca-Cola bottlers across the country.

https://www.foodprocessing.com/indus...l-of-fairlife/
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  #126  
Old Posted Jan 10, 2020, 2:33 AM
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Troutman Sanders and Pepper Hamilton have voted to merge, creating a 1,100-lawyer firm with offices in 23 cities known as Troutman Pepper Hamilton Sanders.

The combination will take effect April 1, when Steve Lewis, the managing partner of Troutman, will take over as chair and CEO of the combined firm. Tom Gallagher, chair of Pepper Hamilton’s executive committee, will become vice chair of “Troutman Pepper.”

In separate interviews, Lewis and Gallagher told Bloomberg Law their firms’ partnerships each unanimously voted Jan. 8 to confirm the deal.

Another big plus for both firms will be having a greater on-the-ground presence in more cities in the northeastern and southeastern U.S. than either would have on its own, according to the leaders.

Troutman is the larger of the two firms, taking in nearly $525 million in revenue in 2018—good for 68th most among U.S. law firms, according to the latest AmLaw rankings.

Pepper Hamilton’s revenue has declined slightly in recent years to nearly $335 million in 2018, falling just short of making into on to AmLaw’s list of the 100 largest firms in America.

Its key practices will include corporate, litigation, intellectual property, tax, and bankruptcy.

The largest industries served by the combined firm include health sciences, energy, real estate, insurance, finance, private equity, construction, and technology, the firm said in a statement.

https://news.bloomberglaw.com/us-law...-combine-firms
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  #127  
Old Posted Jan 10, 2020, 2:38 AM
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Sebacia announces the acquisition of all assets related to Sienna Biopharmaceuticals' which is a late stage asset pursuing an FDA clearance for light hair removal. This includes all related intellectual property owned or licensed by Sienna and the 510(k) application for light hair removal which was submitted to FDA in September 2019. The acquisition of these assets enables Sebacia to resolve the outstanding patent interference litigation between The General Hospital Corporation (GHC, the owner of certain patents licensed by Sebacia) and Sienna Biopharmaceuticals.

Sebacia, Inc. is located in Atlanta, Georgia.

https://www.prnewswire.com/news-rele...300984029.html
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  #128  
Old Posted Jan 14, 2020, 3:07 AM
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OneDigital, the nation’s leading strategic advisory firm focused on driving business growth for employers of all sizes, has acquired Kistler Tiffany Benefits headquartered in Berwyn, PA, with additional offices in Pennsylvania, Delaware and New Jersey. This acquisition is the largest in the company’s history, deepens the OneDigital footprint within the greater Philadelphia market and marks another key milestone in overall company growth.

With 23 acquisitions completed in 2019, the addition of Kistler Tiffany Benefits sets the tone for a notable 2020, driving the company’s next phase of expansion. OneDigital’s comprehensive advisory services and market-leading solutions are now offered in over 90 offices throughout the country, serving close to 50,000 clients.

"As OneDigital’s largest acquisition in the benefits space to date, the addition of Kistler Tiffany Benefits is an especially exciting milestone for us as we expand our expertise and footprint across the Northeast and Philadelphia area,” said Pete Gruenberg, executive vice president of operations and northeast leader at OneDigital.

https://www.businesswire.com/news/ho...ffany-Benefits

Headquartered in Atlanta, OneDigital's more than 2,000 employee benefits and human resource strategists serve the needs of over 50,000 employers across the nation and manages over $5.8 billion in premiums as a result. OneDigital has been named to the Inc. 5000 List of America’s fastest-growing companies every year since 2007
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  #129  
Old Posted Jan 14, 2020, 3:10 AM
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Americold Realty Trust the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses, announced today that the Company has acquired Newport-St. Paul Cold Storage (“Newport Cold”), a 6.1 million cubic foot temperature-controlled storage facility located in St. Paul, Minnesota, for $56 million. Separately, the Company has closed on its previously announced acquisition of Nova Cold Logistics, an owner and operator of three temperature-controlled storage facilities in Canada.

https://www.businesswire.com/news/ho...n-Newport-Cold

Americold is the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 176 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina, as of September 30th, 2019. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.
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  #130  
Old Posted Jan 14, 2020, 3:12 AM
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The Mather Group (TMG), a family- and employee-owned wealth management firm with six offices across the nation and over $8 billion in assets under advisement, announced today it's acquiring Daniel Advisors, an Atlanta-based fiduciary-only firm with $110 million in assets under management (AUM). Daniel Advisors is a comprehensive wealth management practice, providing corporate executives with financial planning, portfolio management and tax compliance services.

https://www.businesswire.com/news/ho...rs-Acquisition
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  #131  
Old Posted Jan 14, 2020, 3:15 AM
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So Veeam's headquarters are moving to the US. Where?

Not sure where the headquarters will be at the moment. We have two very large facilities already in the US. One in Atlanta, Georgia, and one in Columbus, Ohio. We haven't chosen where the headquarters will be. But I suspect that will be something we choose in the next little while.

Interresting interview with a little hint that Atlanta may land the new Veeam HQ.

https://www.crn.com.au/news/veeam-ct...-future-536398
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  #132  
Old Posted Jan 14, 2020, 1:43 PM
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Delta $47 billion revenue last year
https://www.ajc.com/business/delta-r...Wuc2f7a07KXMJ/
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“Be on The Look Out” (BOLO)
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  #133  
Old Posted Jan 15, 2020, 1:09 AM
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Though 2019 was a record-breaking year for raising venture capital in Atlanta, the Southeast hub finished Q4 with a fizzle more than a bang after local startup funding declined by 71% as compared to the same time period last year.

According to a report by PitchBook and the National Venture Capital Association that covers the fourth quarter of 2019, startups in the Atlanta-Sandy Springs-Marietta metropolitan statistical area raised a measly $146.37 million across 31 deal in Q4 compared to $504.52 million from 40 deals in Q4’18.

Though the last quarter was unusually quiet for Atlanta VC activity, the city still saw the largest amount of venture capital ever raised in 2019. For the entire year, speculators invested around $1.8 billion into Atlanta companies across 157 deals, compared to $967 million from 141 deals.

https://www.americaninno.com/atlanta...eid=5f682a3874

Great year for tech in the ATL.
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  #134  
Old Posted Jan 21, 2020, 1:50 AM
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The Krystal Company on Sunday filed for Chapter 11 bankruptcy protection, citing debts of between $50 million and $100 million.

The Dunwoody, Ga.-based quick-service burger brand filed its petition in bankruptcy court for the Northern District of Georgia, citing assets of as much as $50,000, according the documents.

In October, Krystal said it had 318 restaurants, with 202 of them company-owned and the remaining 116 franchised. It had hired The Cypress Group, an investment banking firm, to manage the refranchising initiative for restaurants in Alabama, Florida, Georgia, Mississippi and Tennessee.

In the most recent Nation's Restaurant News Top 200 census, Krystal ranked No. 112 among brands in U.S. systemwide sales, with an estimated $401 million in the fiscal year ended in December 2018, up about 4% from $397 million in the preceding year.

Krystal, owned by the Atlanta-based Argonne Capital Group LLC, was founded in Chattanooga, Tenn., in 1932 and has units in nine states.

https://www.nrn.com/quick-service/kr...-11-bankruptcy
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  #135  
Old Posted Jan 23, 2020, 12:48 AM
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It’s not a huge number, but MueKo Machinery Inc.’s spending on a new Gwinnett County headquarters represents another flag planted for a section of metro Atlanta that has become a magnet for international companies.

The German-owned machine building firm is setting up shop on Tench Road in Suwanee, spending a quarter-million dollars on the expansion with plans to add 20-30 people in sales, mechatronics, PLC programming, engineering and machine building as it builds out its U.S. business.

The Weinstadt, Germany-based company customizes machines for the manufacture of plastics. It entered the U.S. via Buford in 2017 and had been renting space there since then, according to its website.

The Suwanee move last July was a bet on the potential of the American market, where it is starting with a limited slate of clients. MueKo has 220 employees around the world, including an office in Suzhou, China.

https://www.globalatlanta.com/machin...d-to-gwinnett/
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  #136  
Old Posted Jan 24, 2020, 12:29 AM
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Lemongrass Consulting, a SAP and AWS consultant based in the United Kingdom, has announced plans to establish its U.S. headquarters in Atlanta following a $10 million Series C raise. The round was led by Blue Lagoon Capital and joined by returning investor Columbia Capital.

Lemongrass CEO Michael Rosenbloom told Atlanta Inno the firm will establish their local headquarters this summer, with a target for July. The funding will primarily be used to build out the executive management team, grow sales and marketing, accelerate the development of the MiCloud software platform and to grow the company’s footprint in the U.S. and other markets, he said.

“Lemongrass will be hiring almost 200 new resources in 2020 and plans to open a U.S. headquarters in Atlanta in the summer of this year, adding a number of jobs in the local community,” he said. “Our CEO and soon to be named CTO both reside in the greater Atlanta area already and we expect to add technology professionals such as technical architects, SAP and AWS infrastructure engineers, sales and marketing resources and support personnel.”

https://www.americaninno.com/atlanta...rs-raises-10m/
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  #137  
Old Posted Jan 30, 2020, 12:52 AM
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BEHIND A PAYWALL

A $5 billion tech company (Veeam) moving its headquarters to the U.S. is largely virtual, but has narrowed head office choices to Columbus, OH and suburban Atlanta.

https://www.bizjournals.com/columbus...-5b-cloud.html
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  #138  
Old Posted Jan 30, 2020, 1:00 AM
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Graphic Packaging Holding Company announces today that International Paper has notified the Company of its intent to begin the process of reducing its ownership interest in Graphic Packaging International Partners, LLC (the "Partnership"). Per the agreement between the parties, Graphic Packaging will purchase approximately 15.1 million partnership units from International Paper for $250.0 million. As a result, International Paper's ownership interest in the Partnership will decrease from approximately 21.6% to 18.3%. The purchase will be funded with a draw on Graphic Packaging's domestic revolving credit facility. At the end of 2019, the Company had availability under the domestic revolving facility in excess of $1.4 billion. International Paper has the contractual right to continue to reduce its minority ownership interest in the Partnership every 180 days with the next potential transaction date in July 2020, subject to modification by the parties.

https://seekingalpha.com/pr/17760699...ults-announces
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  #139  
Old Posted Jan 30, 2020, 1:02 AM
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The Allen Morris Company, one of the largest diversified real estate firms in the southeast, and Stormont Hospitality Group, a highly-acclaimed hotel developer, announced the formation of a new enterprise – AMS Hospitality (AMS). AMS Hospitality will focus on the acquiring and building hotel assets, initially focusing on southeast U.S. markets.

“The new venture is already a success with two extraordinary hotel projects in Star Metals Hotel and Midtown Union Hotel,” adds Jim Stormont, co-founder of Stormont Hospitality Group, and President of AMS Hospitality. “The potential of the two organizations formally joining is extraordinary when taking into account the Allen Morris Company’s financial capabilities and six-decade long reputation for developing first-class projects and our own capabilities in the hospitality space.”

AMS Hospitality will be located at 3350 Riverwood Parkway (Suite 2110) in Atlanta, with plans to relocate to Star Metals Offices, in West Midtown, upon completion in 2021.

https://www.businesswire.com/news/ho...0128005191/en/

If I understood correctly, is the new parent going to be headquartered in Atlanta. If so, it's pretty great news.
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  #140  
Old Posted Jan 30, 2020, 1:11 AM
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-PulteGroup, Inc. (NYSE: PHM) announced today that it has acquired Innovative Construction Group (ICG), a leading off-site solutions provider focused on single family and multifamily wood framed construction. Based in Jacksonville, Florida, ICG’s comprehensive framing solutions include design services, manufactured wall panels, roof trusses and floor systems, and on-site installation to provide a full frame shell construction process. ICG will remain a stand-alone operation and continue serving its existing customer base and builder clients.

The acquisition of ICG builds on PulteGroup’s unique commonly managed plan platform and its long-term strategy to drive greater production efficiency and overall build quality. Off-site solutions can deliver high quality framing components with less waste and help address trade labor shortages that are a persistent problem for the construction industry.

https://www.businesswire.com/news/ho...ading-Off-site
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