Estes Express Lines Inc., a Richmond-based
freight carrier, bought G.I. Trucking of Los Angeles.
The acquisition adds 13 states to its coverage area
and gives it a coast-to-coast service area encompassing
46 states. Estes gained 56 freight terminals, over
5,000 trucks and trailers and 2,110 employees in the
deal. (Richmond Times-Dispatch)
Highland Hospitality Corp., a McLean real estate
investment trust, acquired the 410-room Wyndham Palm
Springs Hotel in Palm Springs, Calif. for $57 million. (PRNewswire)
Hilb Rogal & Hobbs Co., a Richmond-based
risk management broker, acquired KYBA Benefits, an
employee-benefits firm headquartered in Atlanta. KYBA
offers traditional benefit services and provides call
centers for client and employee support. (Press
release)
