New York private-equity group Sycamore Partners bought Charlotte-based Belk for $3 billion in 2015. Strayhorn is a Durham native and former bank CEO whose consultancy, Cape Point Advisory, worked with 15 banks during the 2007-09 financial crisis. 1977 -- Space-age technology at the Elliot Plant as 53 air jet looms are installed. 1927 -- Leroy requests that his son leave New York and return to South Carolina to learn the family business. Springs had Close begin his training with the very basics of the cotton mill process. Belk-Pilon and Springs-Close-Bowles Families Join as Founding Clients, Tom Hoops, president and chief operating officer, and Ralph Strayhorn, chairman and chief executive officer of New Republic Partners. "The impact of her family will be felt here forever," he said. 1996 -- Springs expands operations at Grace Plant; however, it closes Kershaw, Olympia, Granby and Wamsutta 1. Close was chairman of the Springs Company, the Lancaster & Chester Railroad, Springland, Inc., L&C Development Company, Carolina Loan & Realty, and Kanawha Insurance Company, and a director of the Carolina and Northwestern Railway. Elliott White Springs takes over the reins of his father's business. We partnered with New Republic Partners because they expanded our capabilities in ways that other asset managers and advisers could not, Sam Bowles said in a release. Close was the daughter of the late World War I flying ace Elliott White Springs and Frances Ley Springs. Crandall Close Bowles. endstream These motors had served in Italy during WWII. The Belk, Close and Bowles families are three influential Carolinas households whose business, political and charitable ventures have shaped the state for more than a century. hbbd``b`$w3 B$a bO,Fb~ He is the son of former Springs Industries CEO Crandall Bowles and Erskine Bowles, a Charlotte investment banker and a former UNC System president. Nationwide, the company has about 4,000 workers. Board members include Raleigh retail-chain owner Art Pope, a leading N.C. Republican, and former N.C. State Treasurer Janet Cowell, a Democrat who leads the Raleigh-based Dix Park Conservancy nonprofit agency. New Republic Partners is a new, privately held firm specializing in innovative investment, wealth advisory and credit solutions for successful individuals and families, endowments, foundations, and advisors serving accredited investors. Real-time updates and all local stories you want right in the palm of your hand. A degree in business from the University of Pennsylvania's Wharton School in 1942 provided Close with a foundation for his life's work, but he learned the fundamentals of the textile business in the sales offices and on the plant floors of Springs before moving into supervisory, technical, and executive positions. Our roots run deep in the communities we serve. Why Organizational Financial Wellness Matters, N.C. A&T, Cone Health collaborate to bolster education, research, workforce development, Former Carolina Panthers owner Jerry Richardson dies at age 86, N.C. Community College System leaders present $232M request to lawmakers. "Her interest in our community has never wavered.". Michele Lineberger,Executive Director and York County Consultant. . Springs publishes "Clothes Make the Man," to rebuff magazines which would not carry the ads, The book includes a history of Springs Cotton Mills with the ads in question as well as some of his short stories. The chairman of Springs was like family, just plain "Bill," many recall. Pilon is the daughter of the late John and Claudia Belk. South Carolina State Rep. John King, D-Rock Hill and the sole Black member of the York County legislative delegation, said Close was an advocate for equality, inclusion and the equitable treatment of all people.

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