Investments Archive

ArcBest Corp. Unveils $30M Plan for New Headquarters in Fort Smith

by Lance Turner and Marty Cook 5/30/2014 01:39 pm

ArcBest Corp. of Fort Smith said Friday that it will buy 40 acres of land at Chaffee Crossing in Fort Smith to build a new corporate headquarters. The $30 million project will allow the firm to support 975 new jobs in Fort Smith through 2021.

Update: Tyson Foods Wants to Buy Hillshire Brands In $6.8B Deal

by Lance Turner and Marty Cook 5/29/2014 11:44 am

Tyson Foods Inc. of Springdale proposes the biggest acquisiton in its history, offering to purchase Hillshire Brands for $50 per share, or about $6.8 billion. The offer comes as Hillshire weighs another merger proposal by Pilgrim's Pride and the purchase of Pinnacle Foods.

Update: America's Car-Mart 4Q Profit Drops 28 Percent

by Marty Cook 5/28/2014 01:04 pm

America's Car-Mart Inc. of Bentonville reports fourth-quarter net income of $6.8 million, down 28 percent from the same quarter last year as "too many" of its customers didn't "successfully fulfill the requirements of their contracts."

Simmons First to Buy Liberty Bancshares in Missouri in $207M Deal

by Lance Turner and Gwen Moritz 5/28/2014 08:29 am

Simmons First National Corp. of Pine Bluff is buying yet another bank, Liberty Bancshares Inc. of Springfield, Missouri. Per the deal, Simmons First will acquire all outstanding common stock of Liberty in an all-stock transaction valued at about $206.9 million.

Four Join List of 75 Largest Private Companies in Arkansas

by Gwen Moritz 5/26/2014 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $31.15 billion in their most recent fiscal years, and the price of entry to the list was $88.8 million.

Lindsey Co. Faces Changing Market as Golf Course Demand Drops

by Marty Cook 5/26/2014 12:00 am

Golf courses are not nearly as popular as they were 10 to 20 years ago and Lindsey Management is smart enough to adapt. There are approximately 42 Lindsey golf courses, most affiliated with an apartment complex, but there are some standalone courses.

Some Retailers See Surge in Revenue in 2013

by Mark Friedman 5/26/2014 12:00 am

About half of the retailers on this year's list of Arkansas' largest private companies enjoyed increased revenue in 2013. Of the 17 retailers among the 75 largest private companies, eight reported increases over 2012 figures, four remained flat and five reported lower revenue.

Big Slice of Park Avenue Draws $23.4M Transaction (Real Deals)

by George Waldon 5/26/2014 12:00 am

About 70,200 SF of retail space and a two-story parking deck in midtown Little Rock weighed in at $23.36 million. Six pieces of the Park Avenue project on University Avenue were sold to Illinois trust group.

Your Brain on Lists (Editorial)

by Arkansas Business Editors 5/26/2014 12:00 am

There is something in the human brain that likes to see data organized in lists. In our newsroom, we know that our weekly lists are primarily used for sales leads — that's a service to our audience that we are happy to perform.

I've Got a Tip for You (Gwen Moritz Editor's Note)

by Gwen Moritz 5/26/2014 12:00 am

Every other year since 2000, the Association of Certified Fraud Examiners has issued a big, thick study that it calls, ominously, “Report to the Nations on Occupational Fraud.” The eighth Report to the Nations was released this month, and it came to the same conclusion as earlier ones: A typical organization loses 5 percent of revenue each year to fraud.

Bank of the Ozarks Investment Pays Off for High School Graduate

by Arkansas Business Staff 5/26/2014 12:00 am

George Gleason, chairman and CEO of Little Rock's Bank of the Ozarks Inc., shared an anecdote during the company's recent annual shareholders meeting. It began a decade ago.

Former Voyager Financial Co-owner Sues After Payments Stop

by Arkansas Business Staff 5/26/2014 12:00 am

After getting stung by the Arkansas Securities Department, the Voyager Financial Group LLC of Little Rock is facing another mess involving its former co-owner.

Teamsters Appealing to Gov. Beebe to Save ABF Jobs in NLR

by Marty Cook 5/23/2014 03:11 pm

The president of the Teamsters local in North Little Rock says he will meet with Gov. Mike Beebe next week as the union tries to keep ABF Freight Systems from moving its distribution center — and most of its 300-plus jobs — to Memphis.

UPDATE: USA Truck Expands Board of Directors for Largest Shareholders

by Marty Cook 5/23/2014 01:33 pm

USA Truck Inc. of Van Buren expanded its board of directors to make room for representatives from its largest shareholders. Stone House Capital and Baker Street, that formed United Shareholders for the Benefit of USAK, now own nearly 3 million shares, or 28 percent in the trucking firm.

Fayetteville's TiFiber Develops Potential Replacement for Triclosan

by Mark Carter 5/23/2014 09:38 am

Fayetteville's TiFiber has announced an exclusive license to commercialize synthetic, antimicrobial polymers that could replace the controversial antibacterial agent triclosan through a bar soap product from Bradford Soap Works.

Export Awards Honor Arkansas Steel, Triangle Engineering, SweepScrub, Harris International, POM

by Mark Carter 5/22/2014 02:11 pm

Five Arkansas companies that do business overseas were honored at the fifth annual Governor's Award for Excellence in Global Trade awards luncheon.

Renewable Energy Group Buys Tyson Foods' Stake in Dynamic Fuels

by Arkansas Business Staff 5/21/2014 03:59 pm

Renewable Energy Group Inc. has reached an agreement with Tyson Foods Inc. of Springdale to acquire Tyson's 50 percent ownership of Dynamic Fuels LLC, the companies announced Wednesday.

Dillard's Declares Quarterly Dividend of 6 Cents

by Lance Turner 5/21/2014 11:18 am

The department store chain, which has said it will be returning more money to shareholders, declared the dividend on its class A and B common stock.

Midtowne Shopping Center Sells for $41M

by Lance Turner 5/20/2014 01:47 pm

An Illinois company is expanding its holdings along a major shopping corridor in Little Rock. Inland Real Estate Income Trust Inc. has purchased the 126,288-SF Midtowne Shopping Center.

Arkansas Venture Center Launches With $500K Grant From State

by Mark Carter 5/20/2014 01:11 pm

The Venture Center is a membership-driven, nonprofit organization that offers entrepreneurial services related to startup acceleration, corporate innovation and technical training.