Kevin Ellis

1 day ago | businessnc.com | Kevin Ellis

Prolec-GE Waukesha, a company with 374 employees already in Wayne County, plans to add 330 jobs with a $140 million investment to build a second manufacturing facility in Goldsboro. Headquartered in Waukesha, Wisconsin, Prolec-GE Waukesha is one of the nation’s largest manufacturers of power transformers. It’s a subsidiary of Monterrey, Mexico-based Prolec GE and acquired the existing Waukesha transformers business in Goldsboro in 2021.

3 days ago | businessnc.com | Kevin Ellis

Biotech pioneer Genentech plans to invest $700 million and create 420 jobs in the Wake County town of Holly Springs. Genentech, a subsidiary of Switzerland-based Roche Holdings, plans to pay an average annual wage of $119,833 over five years, beginning in 2028 and make the investment by Dec. 31, 2030, according to the state Economic Investment Committee. Wake County’s current average pay is $76,643.

1 week ago | businessnc.com | Kevin Ellis

Charlotte-based AvidXchange will be acquired by TPG, a Fort Worth, Texas-based global alternative asset management firm in partnership with Corpay, a leader in corporate payments. TPG and Corpay will acquire AvidXchange for $10 per share in a cash transaction that values the accounts payable automation software provider at $2.2 billion.

2 weeks ago | businessnc.com | Kevin Ellis

While Asheville-based Aeroflow Health hit the 1,000- employee milestone in March, it wasn’t an overnight success by any means, says CEO Casey Hite. It took years and a personal crisis for the company to start growing. In 2014, the company founder and Hite’s brother, Don, died at age 44. The tragedy led Aeroflow to discover that doing less, but doing things better, could lead to its ambition of becoming the “Amazon of healthcare devices,” says Casey Hite.

3 weeks ago | businessnc.com | Kevin Ellis

UNC Health CEO and the dean of UNC School of Medicine Dr. Wesley Burks will step down from those roles to focus more efforts on the development of a $2 billion children’s hospital, as well as spend more time with his family and tend to a family member’s increasing health needs. His last day in his current roles at UNC will be Sept. 1, according to a UNC Health release. Burks has been in his current roles since December 2018.