Diverse companies – from startups to multinational corporations – continue to relocate and expand existing operations in the Charleston region.
New, Expanding, and Mergers & Acquisitions
May 8, 2022
Wood processing equipment manufacturer
BID Group announced a multi-million dollar capital investment in new equipment including robotic welding cells and a computerized numerical control horizontal milling machine that will boost manufacturing capacity. The investment includes the expansion of the company’s manufacturing footprint with the acquisition of the adjacent Dover Hydraulics South facility. “The multiple projects within this investment will allow the company to increase capacity, advance efficiency and improve lead time,” said Adam Infanti, BID’s chief financial officer. The expansion is expected to be completed by the third quarter of 2023.
Sagebrook Home East Coast Distribution Center
April 20, 2022
East Coast distribution center for global home decor brand
Founded in 2015, Sagebrook Home’s portfolio includes over 10,000 products including furniture, accessories, wall art, garden decor, lighting and more. The company is a leader in delivery, fulfillment and drop shipping to customers worldwide. Located at 574 Trade Center Parkway in Summerville, Sagebrook Home’s Berkeley County facility will serve as a 500,000-square-foot, state-of-the-art distribution center for the company’s home décor and wholesale operations. Proximity to the Port of Charleston was instrumental in the firm's location decision.
Sportsman Boats Manufacturing Inc.
March 31, 2022
Saltwater fishing boats manufacturing
Headquartered in Dorchester County, Sportsman Boats Manufacturing Inc. produces family-friendly center console boats featuring the latest designs, procedures and materials. Operating since 2012, Sportsman Boats began as a start-up company. Located at 113 Sportsman Way in Summerville, the firm’s expansion will increase manufacturing capacity to meet growing demand and will include a 75,000-square-foot climate-controlled building that will accommodate the manufacturing of small fiberglass parts and powder coating. Sportsman Boats President Tommy Hancock said, "Our organization has grown tremendously since 2012. A big part of that success has been made possible by the support of Dorchester County and the world-class labor force available in this area." The expansion is expected to be complete in the third quarter of 2022.
Daye North America
March 29, 2022
Lawn care equipment distribution center
A Charlotte-based manufacturer of mowers, trimmers and other outdoor power equipment has completed an expansion at its North Charleston distribution center, which also serves as the company’s national distribution center, with hundreds of thousands of products passing through it each year. Daye, a subsidiary of China-based Ningbo Daye Garden Machinery Co., announced plans to open the center in late 2020. The 8060 Commerce Road location also will assemble lawnmowers prior to distribution. Matt Ragland, president of Daye North America, said “We have experienced firsthand the hospitality of South Carolina and the dynamic hardworking people who call it home.” Ragland also said the distribution center’s proximity to the Port of Charleston, where the company imports and exports its products, was a key to choosing the location initially.
EPI Health LLC
March 11, 2022
Specialty pharmaceutical company focused on dermatology
Evening Post Group (“EPG”), a family-owned operating group based in Charleston, South Carolina, is excited to announce the successful sale of EPI Health, LLC to Novan, Inc (NASDAQ: NOVN), a public specialty dermatology company based out of Durham, North Carolina. EPI Health, first acquired by EPG in 2017, is a specialty pharmaceutical company focused on dermatology with various FDA approved medicines through several product acquisitions. EPI Health has become a leader in the space, operating a sales force of approximately 40 employees servicing dermatologists nationwide. The acquisition allows for EPI Health’s product portfolio to continue to address important medical issues alongside Novan’s innovative pipeline. EPG looks forward to watching the company’s next chapter with Novan. The transaction structure includes a closing purchase price of $27.5M consisting of $11M cash and $16.5 million as a 24-month seller note. Additional performance earnouts and specified milestones achieved by EPI Health’s products could increase the total consideration to approximately $50M.
BGRM / Buffalo Groupe LLC
March 8, 2022
Headquarters for full-service integrated marketing, media and communications consulting
Buffalo Groupe, LLC acquired Charleston-based full-service marketing firm Rawle Murdy in 2019 and has now decided to bring its entire headquarters to Charleston SC from Reston VA. Simultaneously, Rawle Murdy is rebranding to BGRM as part of its evolution under the Buffalo Groupe -- a "collection of agencies, events, and media properties that authentically serve the escape industries of golf, outdoor recreation, travel, lifestyle, real estate, and active sport." This collection of companies includes Buffalo Agency, BGRM, 54 Brands, Longitudes Group, Morning Read, and Moments Live. Buffalo Groupe is now headquartered in Charleston, SC with company offices in Charlotte, Portland, and Los Angeles. BGRM remains a Charleston-based, full-service integrated communications firm where strategic thinking, branding, content creation and delivery have been helping businesses thrive for nearly 50 years.
March 1, 2022
Manufacturer of electric-powered scooters, shuttles, street-legal golf carts and other vehicles
The firm is expanding its Charleston County operations at 2137 Savannah Highway in West Ashley to keep up with a growing demand for its recreational products. This most recent expansion has tripled their electric vehicle manufacturing output over the last year. The newest models, which started rolling off the production line in 2020, include features such as an aluminum chassis, Bluetooth sound systems, reverse cameras, LED lighting and four-wheel hydraulic disc brakes. The expansion is the third for Bintelli, which builds more than 40 customizable electric vehicles as well as parts and accessories that are sold in dealerships nationwide. In addition to its West Ashley plant and showroom, Bintelli has operations in North Charleston and Orangeburg. The company least year ranked No. 4,581 on the annual Inc. 5000 list of the nation’s fastest-growing private companies, with 56 percent growth over a three-year period. It was the third time the company has made the list, with previous mentions in 2016 and 2017.
February 10, 2022
Regional hadquarters for cargo shipping line
MSC USA, the United States cargo shipping arm of MSC Mediterranean Shipping Company (MSC), a global leader in transportation and logistics, today announced plans to expand its Charleston County operations. The company will expand its local footprint to a total of more than 500 employees and will add 25,000 square feet to its existing space. "We’re excited about the opportunity of drawing more talent to Mount Pleasant by continuing to invest in our workforce there.” -MSC USA President and CEO Fabio Santucci. MSC USA opened in 1985 and has been serving the U.S. market for over 35 years. With access to an integrated network of road, rail and sea transport resources which stretches across the globe, MSC’s shipping line sails on more than 230 trade routes, calling at over 500 ports.
February 1, 2022
SaaS powered by data science and artificial intelligence that drives operational speed, scope and scale
Camgian will open an office at the Charleston Tech Center, as an expansion of their current footprint, with headquarters in Starkville, MS, and offices in Tuscaloosa, AL and Nashville, TN. "Charleston represents a unique opportunity in which to expand our presence throughout the South; specifically, in our cognitive computing business where we're working with a number of industrial manufacturers," said Camgian founder and CEO, Gary Butler. "I also believe the recent upswing in migration of tech talent to Charleston can assist us with our hiring needs which include senior and junior positions Software Engineering, Artificial Intelligence and Data Science to name a few," he added. The company expects to add many junior and senior technical positions locally.
Allegiance Flag Supply
January 20, 2022
Manufacturer of American flags
Founded in 2018, Allegiance Flag Supply utilizes American-sourced materials to produce high-quality flags that can withstand outside elements. Located at 4213 Scott Street in North Charleston, Allegiance Flag Supply’s expansion will consolidate its operations to include a self-sustainable sew shop and distribution center which packages and ships products across the country. “Every stitch, every hem and every thread in our American flags are proudly made right here in Charleston, S.C.,” said Allegiance Flag Supply Co-Founder Katie Lyon.
First Capital Bank
January 6, 2022
First Capital, which has assets of $387 million as of Dec. 31, 2021, has accrued so much interest in South Carolina that the company has moved its headquarters from North Carolina to 304 Meeting St. in Charleston and has converted from a North Carolina state-chartered bank to a South Carolina state-chartered bank. The conversion will have no impact on the bank’s customers, the company said in a news release. “The majority of our growth and assets are in South Carolina, and the Charleston area specifically. We believe converting to a South Carolina-chartered bank and moving the Bank’s headquarters to Charleston will enable us to best serve our customers and shareholders,” First Capital Bank Chairman and CEO Harvey Glick said. The bank has five branches and one loan production office in the Carolinas, including locations in Summerville and a newly opened office in Mount Pleasant. First Capital Bank will remain a subsidiary of First Capital Bancshares, Inc., which is also headquartered in Charleston.
January 3, 2022
Acquisition of SaaS firm powering corporate ESG (environmental, social and governance) and CSR (corporate social responsibility) initiatives
Charleston-based Blackbaud, the world’s leading cloud software company powering social good, today announced it has acquired global social impact technology leader EVERFI, the Washington, D.C.-headquartered pioneer in the field of Impact-as-a-Service™ (IaaS). Together, the companies will be a leading partner to help corporations drive meaningful social impact across a large span of technology-enabled program areas, from community education to volunteering to grantmaking to philanthropy. The acquisition doubles Blackbaud’s total addressable market (TAM) to more than $20 billion.