Michael Schwartz

Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.

String of M&A deals sweeps up local firms

The local M&A market is closing out the year with a bang. Three local companies have announced their acquisitions, including one deal this week valued at $850 million.

Trading Day: Local SEC filings for Dec. 11, 2014

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A West Coast investment firm is trying to lure shareholders of a Richmond REIT. A local banker cashes out some options, and an insurance executive sells off some shares.

Double hotel opens downtown

A $36 million dual hotel developed by locally based Apple Hospitality REIT opened in Shockoe Slip this week.

Wireless provider powers down local stores

After signing a deal with T-Mobile, Virginia-based nTelos is shutting down its local operations. And the closures will put several prime storefronts back on the market.

Shareholders sign off on $275M merger

The massive merger of two Virginia banks cleared another hurdle on Wednesday with votes of approval from shareholders on both sides.

Trading Day: Local SEC filings for Dec. 4, 2014

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A local armored car giant is making big changes in an effort to cut between $10 million and $15 million in expenses next year. And local bank insiders continue to their buying streak.

Baby stroller brand sells for $210M

The Henrico-based baby goods brand will be brought up under a new parent company pending a deal with consumer goods giant Newell Rubbermaid.

Developer offers up $2.6M in shares of family business

Wilton Companies headquarters

The namesake of a local real estate firm is unloading a large chunk of his shares in the family company. This is the second such sale for Hank Wilton, who sold off some 3,000 shares last year after filing for bankruptcy.