Mobile-headquartered Threaded Fasteners Inc. (TFI), a 42-year-old, 100 percent employee-owned company that manufactures, packages and distributes steel fasteners, announced the acquisition of Meridian, Mississippi-based Construction Fasteners in a press release Monday.
“We have operated a branch in Gulfport, Mississippi, since 2006 and the construction industry in Mississippi has grown exponentially in the past 15 years,” TFI President Billy Duren said. “This acquisition joins two teams to help better serve Mississippi and neighboring states as construction and infrastructure investments continue to increase. We are thrilled to add to our presence in Mississippi by joining forces with the outstanding team at Construction Fasteners.”
The acquisition effectively merges the sales and distribution group from Construction Fasteners to boost TFI’s footprint across the Magnolia State.
“There may be a new name on our building, but the old faces will still be here. This has been a seamless experience for us,” Construction Fastener owner and founder Craig Melancon said.
“We place a high value on how a company’s culture fits in with ours before we move forward with an acquisition,” Duren said. “Being employee-owned means this is not only a new branch with new employees, but they are going to be new owners of the company.”
He went on to say the acquisition marks the opening of TFI’s 11th location to date, and the local manufacturer now employs nearly 200 workers while maintaining over $7 million worth of inventory across the Southeast in Alabama, Mississippi, Florida, Oklahoma and Tennessee.
This past Monday it was announced in a news release the Ashland Place Fire Station No. 12, built in the early 1930s as one of the first Mobile fire stations for automated fire trucks, has been added to the National Register of Historic Places.
As reported in Lagniappe, the station was purchased by the Mobile-based regional property developer Lafayette Land Company last year from the city of Mobile, and is currently undergoing an extensive and historically sensitive restoration.
The space was also recently leased to the locally owned, 9-year-old confectionary Bake My Day, winner of the 2020 Nappie Award for “Best Cookies.” Bake My Day was also recognized last year by Food & Wine magazine for having the “best mail-order cookies in the South.”
Last Thursday, USA Health held a ribbon-cutting on a new facility, USA Health — Midtown, located at 2505 Old Shell Road in the heart of Midtown Mobile. The site is a two-story, 10,000-square-foot facility that initially will service patients seeking care for endocrinology/diabetes as well as ear, nose and throat/facial plastic surgery needs.
In 2017, USA Health began a partnership with Mobile Diagnostic Center (MDC), bringing together the area’s largest primary care group of community-based physicians and the region’s only academic medical center. The Midtown location also serves as a “coming home” for MDC, which got its start in the area in 1982.
“It is very exciting to be able to bring so much back to the neighborhood where we first started,” Dr. Jimmy Walker, one of the original members in MDC’s practice, said. “Because of the specialties that will be located in the building, we will be able to meet significant health care needs related to both acute and chronic conditions.”
Tellus Partners LLC was the developer for the project and Mark B. Hammond, AIA, was the architect. Final construction on the building continues, and USA Health anticipates the first patients will be seen at the location in March 2021.
SRS Real Estate Partners’ Birmingham office announced last Thursday Chesapeake, Virginia-based Dollar Tree has leased the 16,170 square foot former Rite Aid building located at 6400 Airport Boulevard in West Mobile, directly across from an Alabama Power retail center. Martin Smith and Cooper Smith with SRS represented the landlord, J & A LLC, in the transaction.
David Dexter with CRE Mobile reported a 4,000-square-foot office and warehouse space with 1 acre of fenced yard, located at 5589 Todd Acres Drive in the Tillman’s Corner area, will be repurposed to operate a 24/7 roadside assistance service company. The site was bought for $325,000 by California-based investors. John Delchamps with Merrill P. Thomas Company worked for the seller in the transaction. Dexter represented the buyers.
Fairhope-based Pointe Capital LLC, founded by current managing partner Kris Gavin and located at 116 Fairhope Avenue, has announced the opening of a 1,100-square-foot office space in downtown Mobile. The office will be managed by Jack Conger, the new executive vice president.
Jeremy Friedman with Katapult Properties recently reported wrapping up work on a $360,000 transaction for Pelham-based SpreadRite. The environmental contractor picked up a 4,000-square-foot warehouse and office space located at 16867 Underwood Road in Foley for an operational expansion for their South Alabama office.
Lydia Franz of Re/Max of Orange Beach reported local speculators have picked up a little over 2.5 acres, located near the intersection West 1st Street and Waterway Boulevard. in Gulf Shores, for $674,154.
HABITAT FOR HUMANITY KICKS OFF WOMEN BUILD PROGRAM
As part of Habitat for Humanity’s Women Build program, Mobile-based Habitat for Humanity of Southwest Alabama and a crew of women volunteers and sponsors will break ground on the affiliate’s 18th annual Women Build house located at 511 Maybrick Road East in West Mobile. Construction of the nonprofit’s most recently selected family for a new home will begin Saturday, Feb. 6 at 7:30 am.
The Women Build program brings women from all walks of life together to learn construction skills and then helps them use those skills to be part of the solution to poverty housing. Volunteers work under the guidance of construction professionals and alongside other volunteers and future Habitat homeowners.
This year, there are seven teams with women who will help construct the house and volunteer their time after the kickoff to help achieve Habitat for Humanity’s mission. Those interested in participating in the program can email email@example.com or call volunteer coordinator Sue King at 251-476-7171.
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