VENTURE CAPITAL POST

RE/MAX, LLC has signed an agreement to purchase franchise of Georgia, Kentucky/Tennessee and Southern Ohio Regions. The acquisition is expeced to close before the end of the year.

Billionaire Lakshmi Mittal-controlled ArcelorMittal is selling three of its US steel operations to Black Diamond Capital Management. As part of the sale deal, ArcelorMittal will offload three units at LaPlace in Louisiana, Harriman in Tennessee and El Paso in Texas. Both companies denied to provide terms of the deal.

Hoverboard blamed for destroying a $1 million worth home that fumed to ashes in Tennessee. The incident took place in the evening on 9th January, 2016. The fire destroyed the 4000 plus square foot home.

As Washington has tightened its belt in recent years, the budget cuts have sliced most deeply in states where President Obama is unpopular, according to an analysis of federal spending by Reuters.

Nashville, US-based Windy Hill Spirits Inc, the maker of American Born Moonshine, pocketed $6.1 million in new equity from undisclosed investors to continue producing high quality moonshine for its customers.

Chattanooga, US-based startup Ambition launched a product that will help motivate sales teams by using an approach similar to fantasy football where a goal is set and teams compete with each other for a reward within a specified amount of time.

New Jersey, US-based private equity firm DFW Capital Partners has closed $162.5 million for its fourth fund called DFW Capital Partners IV, shooting past its $150 million target.

According to a new report by the Associated General Contractors of America, Mississippi has led the US in construction job growth third quarter of this year. Former leader Tennessee has dropped to rank number 44.

Amazon announced that it would add 7,000 new jobs in its warehouses before the US president Barack Obama's visit.