Business

McColl's PE firm buys Morrisville company

July 8, 2015

Falfurrias Capital Partners, a Charlotte-based private-equity firm started by Hugh McColl Jr. and Marc Oken, said it bought a controlling interest in RegEd, a provider of compliance software for the financial-services industry that is based in Morrisville.

Fort Bragg awaits troop cuts announcement

July 8, 2015

(The Fayetteville Observer)

Army officials are expected to announce Thursday cuts affecting 40,000 soldiers and 17,000 Army civilians, though it is unclear how the cuts will impact Fort Bragg, where more than 10% of the Army's soldiers are based.
Also: Army troop cutdown not expected to widely impact Fort Bragg

Dollar Tree buys Matthews-based Family Dollar

July 7, 2015

(The Charlotte Observer)

Dollar Tree completed its $9.1 billion acquisition of Matthews-based Family Dollar Stores Monday. Howard Levine will remain CEO of Family Dollar for two years and will join Chesapeake, Va.-based Dollar Tree's board of directors.
Also: 2 Charlotte Family Dollar stores to change to Dollar Express

Pork industry doesn't want renewable-energy law to change

July 7, 2015

(The News & Observer, Raleigh)

Pork producers in North Carolina, who have spent millions developing ways to turn hog manure into fuel, are urging state legislators not to change a renewable energy policy that requires utilities to use swine waste to produce electricity.

Study: Jacksonville is most expensive city in NC

July 7, 2015

(Jacksonville Daily News)

A new study says it costs more to live in Jacksonville than in any of North Carolina's 14 metropolitan areas.

Inmar makes another acquisition

July 7, 2015

(Winston-Salem Journal)

Winston-Salem-based Inmar will acquire Scanner Applications, a Cincinnati-based tech company that employs 45 people, for an undisclosed amount. It's the fourth deal announced by Inmar, a digital-coupon processor, since January 2014.

BioDelivery Sciences plans public stock offering

July 7, 2015

(The News & Observer, Raleigh)

Raleigh-based BioDelivery Sciences International plans to raise as much as $150 million in a public stock offering. The drugmaker plans to use proceeds for sales and marketing efforts and to accelerate development of products awaiting regulatory approval.

2 High Point business-development groups to merge

July 7, 2015

(News & Record, Greensboro)

The High Point Chamber of Commerce and High Point Partners will merge together, creating Business High Point.

Curtiss-Wright sells non-core business unit

July 7, 2015

(The Charlotte Observer)

Curtiss-Wright, the defense and aerospace manufacturing company that moved its headquarters to Charlotte from New Jersey in 2014, sold off its electronics-packaging unit for an undisclosed amount.

FAA could approve drone use for farmers

July 6, 2015

(The News & Observer, Raleigh)

An FAA proposal would allow daytime use of unmanned aerial vehicles weighing less than 55 pounds by farmers and other business owners. A drone-industry trade group says agriculture could account for 80% of commercial drone use.
Related: Pie in the Sky (September 2014)