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VOL. 131 | NO. 177 | Monday, September 5, 2016

Daily Digest

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Patrick Accounting Settles on New Office

Patrick Accounting & Patrick Payroll has announced its new office space at 5570 Murray Ave.

The company’s growth since 2004 and the anticipation of additional growth made the move into a larger office necessary for expansion, the company said. Managing member Matthew Patrick led a complete renovation of the building, which has housed several medical practices in the past.

The facility provides employees with amenities including an open work space environment, a full kitchen and employee lounge. It also has a number of meeting areas designed so that employees can work with clients in a variety of ways.

– Andy Meek

State Systems Expands With Acquisition in Conway, Ark.

Memphis-based total protection company State Systems Inc. has acquired Dunk Fire and Security’s Conway, Arkansas, operations.

Founded in 2005 by Ken and Rose Dunk, Dunk Fire and Security offers fire sprinkler and alarm systems in the greater Little Rock and Northwest Arkansas markets. The company is headquartered in Springdale, Arkansas.

Effective immediately, State Systems will absorb the 16 Conway employees and assets and will begin servicing customers in Conway and surrounding areas. Ken Dunk continues to own and operate Dunk Fire and Security’s Springdale-based business.

The deal marks State Systems’ second acquisition in 2016 and fourth in the past 18 months.

“This acquisition allows us to grow our presence in the greater Little Rock area and bring new services to our customers there,” said State Systems CEO Bob McBride in a statement. “We look forward to continued success in this region as we meet the fire protection and prevention needs of local businesses.”

State Systems opened its office in Little Rock last October, expanding the company’s reach by a 200-mile radius.

– Daily News staff

Hickory Hill Apartments Sell for $5.6M

The Serenity Apartments at Hickory Hill have sold for $5.6 million. The 161-unit apartment building was built in 1985. It bears 161,990 square feet and was most recently appraised at $2 million.

Hickory Hills Holding LLC purchased the apartments from Serenity Apartments at Hickory Hill LLC.

In conjunction with the sale, Hickory Hills Holding LLC filed a $4.6 million mortgage with Chambers Bank. Brandy Wayne Rooks signed as manager of Hickory Hills Condo Capital Fund LLC, the managing company for Hickory Hills Holding LLC.

– Madeline Faber

Southern Airways Adds Pennsylvania Connections

Memphis-based airline Southern Airways Express has made a host of new connections.

The boutique airline will soon offer nonstop service connecting Pittsburgh International Airport to Dubois and Johnstown, Pennsylvania, as well as Morgantown, West Virginia.

Southern Airways will operate six daily round trips from each of these cities as part of the federal Essential Air Service program, which subsidizes an airline’s trips to small communities.

Southern Airways also recently announced three daily direct flights between Morgantown and Washington, D.C.

“I know we will have the best international service connection in this region and our partnership with Pittsburgh International makes our major competitor our biggest ally,” said Morgantown city manager Glen Kelly.

– Madeline Faber

Another Recruiting Commitment for Norvell and Tigers

TJ Carter, a three-star cornerback out of Nashville, has committed to the University of Memphis, according to multiple media reports.

Carter because the 23rd commitment for Tigers coach Mike Norvell. Memphis has two scholarship slots remaining.

According to 247Sports Composite Rankings, Carter is the 14th-rated recruit in Tennessee and 46th-rated cornerback in the class of 2017 in the nation.

Several Power 5 programs reportedly offered Carter, including Auburn, Ole Miss, Mississippi State, South Carolina, Tennessee and Vanderbilt from the SEC.

– Don Wade

PROPERTY SALES 64 151 1,493
MORTGAGES 45 105 1,152
BUILDING PERMITS 201 410 3,466