Within a year of purchasing Jackie Edgar Ford in Breaux Bridge in late 2010, Don Hargroder took over Douet Motors in St. Martinville, becoming that city’s Chevrolet, Chrysler, Dodge, Jeep and Ram dealer. The December purchase of Douet brings to eight Courtesy Automotive Group’s count of dealerships with an expansive Acadiana footprint from Lafayette to Morgan City.
Courtesy’s 2011 expansion and acquisition of property on U.S. Highway 90 for future growth earned it a spot on ABiz’s list of the Big Deals of 2011. But look for even bigger news to come out of this automotive group, which generated $223 million in 2010 revenues, next year. While Courtesy remains tight-lipped about what it will build on the large tract of land it purchased, the company is building a new Cadillac dealership on Ambassador Caffery, renovating its Johnston Street headquarters and expanding its facility in Breaux Bridge. Courtesy’s holdings at year-end: Courtesy GMC Buick and Courtesy Cadillac in Lafayette, Courtesy GMC Buick in Abbeville, Courtesy Ford Lincoln in Breaux Bridge, Courtesy Cadillac GMC in New Iberia, Courtesy Chevrolet GMC Buick in Franklin, Courtesy Toyota Mazda in Morgan City and Courtesy Chrysler Dodge Jeep Ram in St. Martinville.
In its Dec. 28 - Jan. 24 issue, out on newsstands and direct-mailed to key business execs Wednesday, ABiz looks back on the diverse announcements, transactions, issues and happenings that helped define the local business community in the past year.
JPMorgan Chase is giving $1 million to Louisiana's community and technical colleges, to help with workforce training efforts to match students to available jobs.
Law firm unveils newly renovated 200-year-old building.
UL grad named web developer at BBR Creative
Lafayette-based emergency department staffing and management company raises $120 million in senior credit facilities through GE Capital, Healthcare Financial Services.
High-rise apartment building, parking garage, hotel and retail part of new development.
The number of Louisianans with jobs continued to set records in September, but the state's unemployment rate kept rising.
Louisiana is drowning, quickly.
An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion.
Local developer’s Lake Charles Gardens LLC purchases buildings and leases; land still owned by Dugas family.
Economist Loren Scott says Louisiana is in the midst of an industrial boom unlike any other in its history, with more than $100 billion in industrial projects either under construction or in the engineering and design phase.
The Louisiana Treasury holds $18 million in Israel Bonds — bonds that earn 2.868 percent when the three-year U.S. Treasury is yielding 1.08 percent.
ABiz celebrates another class of Acadiana's most influential female trailblazers, the Lourdes Foundation honors a local philanthropist and MedExpress in Opelousas celebrates its 22nd year as the “little ambulance service that could.”
Is Louisiana’s O&G industry ready to head south of the border?
Downtown’s newest live-work space for creatives doubles as a gallery for other upcoming artists to show their work.
A maritime case originating in Lafayette federal court could become a game changer for the oil and gas industry.
Here’s what’s at stake in the November Senate race — regardless of whether Republicans gain control of the upper chamber.
From the publisher’s in-box: ABiz reaches out to Lake Charles, time to “Come Home, Louisiana,” and now accepting nominations for Entrepreneur of the Year.
In late September Cleco and UL Lafayette showed off the Cleco Alternative Energy Center, where researchers explore ways to generate power by using renewable resources.
The most recent promotions, hirings and announcements from Acadiana's biz community.
While Amendments 1 and 2 will shield some health care providers from the budgetary whims of Gov. Jindal, they could make higher ed even more vulnerable to cuts.
Age 60 looks good on the country’s second-largest oil and gas show.
Local pieces and logo-emblazoned corporate gifts
Let’s show how much we care what it looks like.
The Memphis based investment firm Wunderlich recently arrived in Louisiana with the opening of a wealth management branch in Lafayette.
Broussard will soon be the site of a new Courtesy Automotive dealership.