History of FBIC

A LEGACY OF INNOVATION

Many of the things that make FBIC unique today are direct reflections of the man who founded the company. Known for his creativity, energy, and enthusiasm, Karamjit Singh gave us more than that… he gave us his personal signature and set an industry benchmark.

Today his insights, innovation, integrity and penchant for growth are helping us advance our customers’ core business objectives. FBIC was founded in 2003 with the following goal sets:

INVESTMENT HIGHLIGHT

Comprehensive Service Offering

Scale and Geographic Reach

Comprehensive Service Offering

Large and Well-Developed Client Base

Development Capability

Quality of Management/Personnel

OUR VALUE SET

RESPECT

Treat all with dignity, value the contributions of others and help one another succeed.

INTEGRITY

Uphold the highest standards in business ventures.

SERVICE

Deliver responsive, innovative solutions to drive continuous improvement.

EXCELLENCE

Surpass customer expectations with service.

BROKER AND ACQUISITION INFORMATION

In just the last five years, FBIC has purchased and brokered deals over 120 million dollars and acquired properties in the Mid Atlantic region over 45 million dollars.

SAMPLE OF INVESTMENTS AND ACQUISITIONS

Acquired Fasmart (Headquarter Richmond, Virginia) gas stations throughout the East Coast

Value 6 million USD

Purchased 26 Pilot (Headquarter Tennessee) gas stations throughout the East Coast and sold for profit

Value 21.5 million USD

Purchased 24 Red Apple Markets (Headquarter North Carolina) gas stations throughout the North Carolina. Future planning is to upgrade and sell all for profit

Value 16 million USD

Purchased and Upgraded a 164 room full service hotel

Value 5.2 million USD

Purchased and Upgraded a 173 room full service hotel

Value 5.5 million USD

Purchased and Upgraded a 53 room full service hotel

Value 2.6 million USD

Purchased and Upgraded a 53 room full service hotel

Value 2.6 million USD

Our banks are BB&T and Bank of America.