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Two companies are partnering to acquire Charlotte-based AvidXchange. The accounts payable automation company was founded in 2000 in a Charlotte coffee shop. At the end of last year, it had more than 1,600 employees, with headquarters just north of uptown Charlotte. TPG, based in Texas, and Atlanta-based Corpay will pay $10 per share for AvidXchange in a deal worth more than $2 billion. The deal is expected to close in the fourth quarter of this year.
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A U.S. Senate subcommittee met Tuesday to consider the nomination of former North Carolina Transportation Secretary Tony Tata for a top Pentagon role. Tata, a retired general who also served as acting undersecretary during President Donald Trump’s first term, saw a previous nomination to a similar position derailed in 2020 after past controversial comments resurfaced. Those comments came up again Tuesday.
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Charlotte City Council will vote on updates to the city’s energy and climate goals later this month. The city has made significant strides toward electrifying its buildings and improving energy efficiency — but with the federal government cutting spending, the question is whether the city can still meet its ambitious emissions-reduction targets.
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The city of Charlotte’s proposed budget for the upcoming fiscal year doesn’t call for a property tax increase. But the city’s stormwater fee will increase by an average of nearly 70 cents a month and the city’s sewer fee will increase about $5.50 a month.
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More than 1,000 people took part in Saturday’s May Day march in east Charlotte. Protesters gathered at the corner of Sharon Amity Road and Central Avenue in support of immigrants and in opposition to the Trump administration.
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Charlotte FC lost a second straight match Saturday, falling to Columbus 4-2. Columbus took over the top spot in Major League Soccer’s Eastern Conference while Charlotte dropped from fourth to fifth.
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The N.C. Department of Transportation is closing Rea Road south of Providence Lane West to replace a pipe under the road. A detour is set up along Rea Road, Pineville-Matthews Road and N.C. 16, also known as Providence Road. The closure is expected to last through the end of the month.
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The Charlotte Checkers won again Sunday in the American Hockey League Playoffs and now lead Providence two-games-to-none in the best-of-five series. After a 5-1 win Friday night, the Checkers won 2-0. Game three is scheduled for Wednesday night at Bojangles Coliseum in their quest for the Calder Cup.
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A private foundation will help a North Carolina nonprofit that recently lost federal funding. The Trump Administration rescinded a $1.6 million grant to North Carolina Humanities last month. It supports museums, libraries, and history education in nearly every county. Executive Director Sherry Paula Watkins says the Mellon Foundation is stepping in.
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The EPA is giving employees a second chance to accept offers of deferred resignation or retirement, people familiar with the matter. In the Southeast,1,000 employees have already left the agency since the beginning of the year.