Buchanan Realty Group CLICK HERE located in Hamilton Hills Shopping Center, 621 Old Hickory Blvd., sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.
The Buchanan Realty Group – (731) 300-3071 – provides commercial real estate services throughout Tennessee. The group specializes in leasing, tenant representation, investment sales and acquisition – concentrating on retail, hospitality, c-store, medical, industrial and multi-family sectors.
Greater Jackson Chamber named ‘Chamber of the Year’
The Greater Jackson Chamber has been honored with receiving the inaugural “Chamber of the Year” award in the large category by the Tennessee Chamber of Commerce Executives (TCCE). This award, introduced for the first time this year, recognizes the Chamber’s outstanding leadership, dedication to the community and excellence in chamber management.
The TCCE Chamber of the Year Award is an annual recognition established to honor two chambers—one large and one small—that have distinguished themselves through exceptional performance in organizational excellence. The Greater Jackson Chamber was selected as the first-ever recipient in its category from a competitive pool of entries submitted by Chambers across Tennessee. These entries were evaluated by an out-of-state panel of judges, all current chamber executives, who assessed the submissions based on key areas of performance.
“We are honored to receive the Chamber of the Year Award from TCCE, a testament to the dedication, hard work, and success of our entire team and community,” stated Kyle Spurgeon, president and CEO of the Greater Jackson Chamber. “This recognition highlights our commitment to fostering economic growth and enhancing the quality of life in Jackson and the West Tennessee region. We look forward to continuing our efforts to support local businesses and drive growth in our region.”
To be eligible for this award, chambers must be members in good standing with the TCCE. Each participating chamber was required to submit a comprehensive application detailing their excellence in four key areas over the last 18 months: Networking & Communication, Education & Workforce Development, Advocacy & Government Relations, and Community Engagement & Social Impact.
“Though we are gracious winners, l was, quite frankly, not surprised to hear that we had won,” said Roger Smith, Chairman of the Greater Jackson Chamber Board. “As volunteer Chairman, I am privileged to see our talented staff in action almost every day. I would put the Greater Jackson Chamber staff up against any Chamber our size. The award is a testament to the outstanding work they do for our members and for our community.”
Mars buyout of Kellanova includes Jackson plant
MCLEAN, Va. & CHICAGO–(BUSINESS WIRE)–Mars, Incorporated, a family-owned, global leader in pet care, snacking and food, and Kellanova (NYSE: K), a leading company in global snacking, international cereal and noodles, North American plant-based foods and frozen breakfast foods, today announced that they have entered into a definitive agreement under which Mars has agreed to acquire Kellanova for $83.50 per share in cash, for a total consideration of $35.9 billion, including assumed net leverage.1 The transaction price represents a premium of approximately 44% to Kellanova’s unaffected 30-trading day volume weighted average price and a premium of approximately 33% to Kellanova’s unaffected 52-week high as of August 2, 2024. The total consideration represents an acquisition multiple of 16.4x LTM adjusted EBITDA as of June 29, 2024.
Kellanova is home to iconic snacking brands including Pringles®, Cheez-It®, Pop-Tarts®, Rice Krispies Treats®, NutriGrain® and RXBAR®, as well as cherished food brands including Kellogg’s® (international), Eggo® and MorningStar Farms®. With roots dating back more than 100 years, Kellanova has a rich legacy of quality and innovation. Kellanova had 2023 Net Sales of more than $13 billion, with a presence in 180 markets and approximately 23,000 employees.
Kellanova’s portfolio complements the existing Mars portfolio, which includes billion-dollar snacking and confectionery brands like SNICKERS®, M&M’S®, TWIX®, DOVE® and EXTRA®, as well as KIND® and Nature’s Bakery®. Mars also has 10 pet care brands with over $1 billion in sales, including ROYAL CANIN®, VCA®, PEDIGREE®, BANFIELD®, WHISKAS®, BLUEPEARL®, CESAR®, SHEBA®, ANICURA® and IAMS®. With more than 150,000 Associates across its Petcare, Snacking and Food businesses, Mars had 2023 Net Sales of more than $50 billion.
Leaders Education Foundation awards 10 workforce readiness scholarships – presented by Dixie – to West TN students
JACKSON, Tennessee – Leaders Education Foundation, a non-profit 501(c)3, has selected the students who will receive workforce readiness scholarships, presented by Dixie, which will help provide them with the resources they need to excel in their technological programs of study. These scholarships are in partnership and partially funded by Dixie.
Students in West Tennessee aiming for industry certifications or workforce readiness courses could receive scholarships of up to $1,000 through the workforce readiness program. These funds are applicable for expenses such as testing fees, books, supplies, and tuition. There were 78 applicants for this round of scholarships.
“We are excited to continue to support the future pioneers of our workforce through these scholarships,” said Leigh Anne Bentley, President of Leaders Education Foundation. “We hope the funds from these scholarships will ease the burden of stress for students, so their primary focus will be on excelling in their programs rather than being concerned over finances.”
Here are the programs where the scholarship winners are enrolled:
- Jackson State Community College – Radiologic Technology
- William R. Moore College of Technology – Welding
- Jackson State Community College – Nursing
- Tennessee College of Applied Technology Jackson – Welding
- TCAT Jackson- Lexington extension campus – Nursing
- William R. Moore College of Technology – Welding
- Jackson State Community College – Radiologic Technology
- Tennessee College of Applied Technology McKenzie – HVAC/R
- Tennessee College of Applied Technology Northwest – Dental Assisting
- Jackson State Community College – Nursing
61 new homes, 1 common area scheduled for this subdivision
The consideration of a preliminary plat for Lennox Village – Sections 6 – 9, comprising of 61 lots and one common area on approximately 18.92 acres in a single-family residential district, has been approved by the Jackson Municipal Regional Planning Commission.
Lennox Village is located south of Moize Cut Off Road.
The plan was submitted by Shane Alexander on behalf of S&J Partners.
Construction continues on Jonathan’s Grille in Park Place West
Construction continues at the site of a new Jonathan’s Grille at 35 Chloe Place in Park Place West.
The 7,666-square-foot sports bar, located on 2.61 acres will offer 137 parking spaces when complete.
Jonathan’s Grille was established in 1999 and is a family-owned, upscale sports bar and restaurant based out of middle Tennessee.
Throughout its years of success, the restaurant chain has strategically adapted over the last two decades to appeal to a wide demographic. Its concept was to fill its restaurants with 50+ flat screen TV’s combined with delicious food and an upscale family-friendly atmosphere. It has resulted in the best place to watch any sporting event.
Customers can expect to see the same popular menu features as other middle Tennessee locations including but not limited to burgers, wings, pizza, salads, and other entrees. Gluten free and vegetarian options will also be available, as well as its signature two-for-one beers of the month.
Local real estate broker & contractor, Alex Hollman with Hickman Realty Group & Hollman Builders and Chris Carothers – Hickman Realty Group – recruited the upscale Nashville-based sports bar.
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(BUCHANAN REALTY GROUP CLICK HERE sponsors Strictly Business)
