Archives

When he became Lowe’s Cos. CEO in mid-2018, Marvin Ellison concluded the company had its priorities messed up. He’s wasted no time making dramatic changes.

Shifting from running a megabank to owning Duke’s Mayonnaise and other middle-market companies is proving lucrative for two famed bankers. Now they are passing the torch.

Charlotte-based private equity firm Falfurrias Capital Partners  is acquiring The C.F. Sauer Co., the Richmond, Va.-based maker of the Duke’s Mayonnaise brand.