Private equity firm Wessex Capital Investments LLC recently opened its headquarters at 34 Broad St. in Charleston.
Wessex specializes in senior housing.
“Wessex Capital Investments has been extremely impressed with the economic growth and level of government support seen in South Carolina,” James R. Smith, CEO of Wessex, said. “We look forward to expanding our operations and investment in the area and continuing to grow along with Charleston and the region.”
Wessex will continue to operate a regional office in Roanoke, Virginia. It is expected the company will put more than $82 million back into projects in the Charleston area that will create hundreds of job opportunities.
The company is supported by its development and operating affiliates, Smith/Packett and Harmony Senior Services.