Latest news with #SoutheasternUS
Associated Press
07-08-2025
- Business
- Associated Press
Crest Cabinet Company Launches as New In-House Brand from ACC and ECI
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--Aug 7, 2025-- Alexander's Cabinets & Countertops (ACC) and Eastern Cabinet Installers (ECI) today announced the official launch of Crest Cabinet Company, a new in-house brand delivering high-quality import cabinetry solutions tailored to the multifamily housing market across the Southeastern United States. With nearly 40 years of combined industry experience, ACC and ECI bring together their trusted expertise in cabinet supply and professional installation to form a fully integrated solution under the Crest name. The new brand offers end-to-end support—from design and sales to delivery and installation—streamlining the entire cabinetry lifecycle for developers and contractors. 'We created Crest to do more than deliver cabinets,' said Crystal L. Cramer, Founder & President. 'We're here to serve—with honesty, quality, and care that reflect what we believe and how we do business.' ACC and ECI have long been recognized for delivering standout customer service, a legacy that now continues with the launch of Crest. By bringing in production under one roof, Crest Cabinet Company will offer unmatched consistency, efficiency, and support from concept to completion, positioning the brand as the go-to partner for cabinetry solutions in the multifamily construction industry. To learn more, explore project highlights, or stay up to date on future developments, visit About Crest Cabinet Company, Inc. Crest Cabinet Company, joining sister companies ACC and ECI, serves multifamily developers and contractors throughout the Southeastern U.S. by delivering high-quality import cabinetry with precision, transparency, and efficiency. Backed by decades of industry experience, Crest stands apart through its end-to-end control of the cabinet process—ensuring consistency, accountability, and superior service at every stage. About Alexander's Cabinets & Countertops, Inc. Founded in 1987, Alexander's Cabinets & Countertops (ACC) is a trusted dealer specializing in high-volume cabinetry solutions for multifamily developments. Known for responsive service and deep product knowledge, ACC partners with developers and contractors to deliver tailored cabinet packages that meet tight timelines without compromising quality. About Eastern Cabinet Installers, Inc. Established in 2007 as a sister company to ACC, Eastern Cabinet Installers (ECI) is a leading installation subcontractor known for its precision, reliability, and speed in multifamily cabinet installations. ECI partners closely with general contractors and developers across the Southeast to ensure each project is completed on schedule and to the highest standards of workmanship. View source version on CONTACT: Media Contact: Garrett Haywood General Manager [email protected] (336) 689-0112 KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA INDUSTRY KEYWORD: ARCHITECTURE CONSTRUCTION & PROPERTY OTHER MANUFACTURING SPECIALTY OTHER CONSTRUCTION & PROPERTY INTERIOR DESIGN MANUFACTURING RETAIL SOURCE: Crest Cabinet Company Copyright Business Wire 2025. PUB: 08/07/2025 12:29 PM/DISC: 08/07/2025 12:29 PM
Yahoo
06-08-2025
- Business
- Yahoo
Metavesco's Epic Labor Announces Expansion Into Augusta, Georgia
CUMMING, GA - August 6, 2025 (NEWMEDIAWIRE) - Metavesco, Inc. (OTC: MVCO), a publicly traded diversified holding company, today announced that its wholly owned subsidiary, Epic Labor, is expanding operations into Augusta, Georgia. Opening of this new location will mark the fifth active branch and underscores its commitment to becoming a leading provider of on-demand labor across the Southeastern United States. "Epic Labor started with the acquisition of two staffing offices last fall," said Ryan Schadel, CEO of Metavesco. "Since then, we've opened two additional branches organically, with Augusta being the next market we're entering as part of our aggressive expansion plan." Epic Labor provides fast, reliable staffing for construction, warehouses, events, and hospitality clients. With its 24/7 dispatch model and two-hour worker replacement guarantee, the company is uniquely positioned to solve urgent labor needs in high-demand sectors. The Augusta expansion aligns with the company's previously announced roadmap to 98 offices, which targets a mix of acquisitions and de novo launches across key metro areas in the Southeast, including Georgia, South Carolina, North Carolina, and Florida. "Each new location brings us closer to our goal of becoming the dominant player in short-notice, high-performance labor," Schadel continued. "Augusta represents a strong industrial and hospitality market that's ideal for our model." Further details regarding the office grand opening and staffing plans will be provided in a future update. About Metavesco, Inc. Metavesco is a diversified holding company focused on acquiring and managing assets across multiple sectors, including consumer packaged goods and staffing services. The company is dedicated to long-term growth through organic expansion, strategic acquisitions and innovative market solutions. Safe Harbor Statement This press release contains statements that constitute forward-looking statements. These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is included in the Company's filings on Contact:Ryan Schadel678-341-5898info@ View the original release on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
04-08-2025
- Business
- Yahoo
Smith Douglas Homes Corp. (SDHC): A Bear Case Theory
We came across a bearish thesis on Smith Douglas Homes Corp. on Darius Dark Investing's Substack. In this article, we will summarize the bulls' thesis on SDHC. Smith Douglas Homes Corp.'s share was trading at $20.57 as of July 28th. SDHC's trailing and forward P/E were 11.56 and 15.95, respectively according to Yahoo Finance. Aerial view of a newly-constructed residential home in a suburban neighborhood. Smith Douglas Homes Corp. (NYSE: SDHC), which went public in January 2024, positioned itself as a disciplined growth story in the high-demand housing markets of the Southeastern and Southern U.S., focusing on resilient entry-level and empty-nester buyers. Its 'land-light' model, leveraging finished lots through option contracts, and an efficient operating culture under seasoned leadership, fueled rapid growth, with 2024 closings and revenue rising 25% and 28%, respectively. However, early 2025 revealed a stark reversal. While Q1 revenue grew 19% year-over-year, gross margins compressed sharply to 23.8%, pressured by rising lot costs and sales incentives, while net new orders stagnated at 768 homes. Backlog collapsed by 29% in units and 29% in value, foreshadowing weaker future revenue. Cash burn accelerated, with operating cash outflows surging to $34.9 million and leverage rising from 0.8% to 9.5%, eroding the balance sheet. SDHC's model, highly reliant on third-party developers, faces external risks, including affordability pressures from mortgage rates likely to remain above 6%, lumber price volatility, and potential U.S.–Canada softwood duties doubling. Competitive comparisons are unfavourable: Green Brick Partners' 31.2% gross margin and Dream Finders Homes' 18% growth in net orders highlight SDHC's operational underperformance. A $50 million buyback and insider purchases project confidence, yet with cash reserves halved, the move may reflect financial engineering ahead of declining earnings. The strategic framework remains sound, but the near-term outlook is fraught with margin compression, stagnating sales, and an eroding pipeline. With multiple quarters of likely weak results ahead, caution is warranted until the company demonstrates resilience through these headwinds. Previously, we covered a bullish thesis on Five Point Holdings, LLC (FPH) by Investing Intel in April 2025, which highlighted its strong liquidity, asset monetization, and reaffirmed earnings guidance, positioning it to benefit from resilient housing demand. The company's stock price has appreciated by approximately 4.88% since our coverage, as the thesis played out. Darius Dark Investing shares a contrarian view, stressing margin compression, weak orders, and collapsing backlog at peer Smith Douglas Homes Corp. Smith Douglas Homes Corp. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 7 hedge fund portfolios held SDHC at the end of the first quarter which was 10 in the previous quarter. While we acknowledge the potential of SDHC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-07-2025
- Business
- Yahoo
Huhtamaki expands sustainable offerings with new ice-cream cups
Sustainable food packaging solutions provider Huhtamaki has introduced a new range of compostable ice-cream cups. The cups are designed to be compostable both in home settings and industrially, as well as recyclable, providing a viable alternative for the ice-cream market. They are made from certified paperboard that is responsibly sourced and features a biobased material coating, which reduces reliance on fossil-based plastics, maintaining plastic content below 10%. The new cups are now available for purchase, offering a sustainable option that does not compromise on quality or performance, according to the company. Huhtamaki stated that this initiative is part of its strategy to promote sustainability and assist customers in minimising their environmental impact. Huhtamaki foodservice packaging president Fredrik Davidsson said: 'Our new ice-cream cups demonstrate Huhtamaki's expertise in paperboard and barrier technologies, as well as our dedication to sustainable innovation. 'We are proud to offer a product that not only meets the highest environmental standards but also delivers the high quality our customers expect.' In April 2025, Huhtamaki acquired Zellwin Farms, a US-based producer of moulded fibre packaging, known for its recycled paper egg cartons and trays. With over 20 years of experience, Zellwin Farms serves clients in the Southeastern US from its single manufacturing site. Its products use recycled paper materials collected from the local area. Huhtamaki provides sustainable packaging solutions for food, beverages, and personal care products. The company employs approximately 18,000 staff members across 36 countries and 101 locations. It reported net sales of €4.1bn ($4.7bn) in 2024. "Huhtamaki expands sustainable offerings with new ice-cream cups" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Lightview Capital Partners with Vermana, Pulexa, and nV Pools Through Strategic Investment in Leading Commercial Pool Services & Construction Platform (the "Company")
ORLANDO, Fla., July 15, 2025 /PRNewswire/ -- Lightview Capital announced today a strategic, majority investment in three affiliated commercial pool service companies—Vermana, Pulexa, and nV Pools. Headquartered in Orlando, FL, the newly consolidated platform ("Vermana") is positioned to become the preeminent provider of commercial pool solutions across Florida and the broader Southeastern United States. With decades of combined experience and a shared operational vision, the three companies will collectively operate under one go-forward brand, which will be announced at a later date. The platform offers comprehensive, end-to-end services—from new construction to ongoing support, maintenance, and renovation—catering to commercial properties across the region. "We are excited to be partnering with the founders, Edgar, Andres, Domingo, and the broader team," said Stan Bikulege, Principal at Lightview Capital. "The combination of these three organizations creates a leading, full-service provider of commercial pool solutions, capable of providing a fully outsourced solution to its customers. We look forward to further supporting Vermana's customers throughout Florida and the Southeast." The investment will support Vermana's rebrand rollout, geographic expansion, and strategic acquisition strategy, enabling the platform to meet the growing demand for professionalized and scalable pool services in one of the fastest-growing commercial markets in the U.S. "Vermana represents the type of platform Lightview is proud to support — entrepreneur-led, highly capable, and solving meaningful service gaps in a fast-growing market," said Conor Mullett, Co-founder and Managing Director at Lightview Capital. "We're thrilled to back a business that is redefining standards in commercial aquatic services." Edgar Marinelarena, the go-forward CEO of Vermana, said, "Strategically, our vision has always been to become a one-stop shop in the aquatics industry. This partnership with Lightview Capital will not only help unlock expansion but also fill in those strategic gaps that will ultimately raise the bar of excellence in servicing our customers. We are grateful to Parcrest Advisors for introducing us to our new partners. Together with Lightview, we are excited to take our business to the next level." Andres Gomez (Founder of Vermana) said, "Over the past decade, we are proud to have built one of the largest and most reputable commercial swimming pool service and construction companies in the state of Florida. Our unwavering commitment to each of our customers and the tight-knit culture we have built amongst our team have allowed our company to grow and succeed beyond our wildest expectations. Today, it is with great pleasure that we announce a partnership with Lightview Capital, who will guide us through our next chapter of growth." The Company was advised by Parcrest, which served as exclusive financial advisor to the sellers. About the Company Vermana is a platform formed through the combination of three Florida-based commercial pool companies: Vermana, Pulexa, and nV Pools. Together, the Company delivers a full suite of construction, renovation, service and maintenance offerings for commercial clients across the Southeast. Vermana is committed to raising the bar for professionalism, quality, and reliability in the pool services industry. For more information, visit HOME | Vermana About Lightview Capital Lightview Capital is a leading private equity firm focused on investing in founder-owned companies in the business services and tech-enabled services industries. Lightview partners with its portfolio companies by providing deep industry knowledge, insightful experience, and active resources to unlock growth and drive value. Lightview Capital's approachable investment style combines deep operational and financial experience with an entrepreneurial spirit that delivers measurable results. For more information, visit About Parcrest Founded in 2016, Parcrest is a blue-chip middle market investment bank providing M&A and capital raise advisory services to companies in the consumer and industrials sectors. For more information, visit Contact for Lightview Capitallvermette@ View original content: SOURCE Lightview Capital Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
