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January 27, 2023
DealTalk: Blue Point Capital’s Acquisition of Water Lilies
Blue Point Capital has a lot of experience in the food and beverage space, so it was natural that the Cleveland-based PE firm would jump at the chance to acquire Water Lilies, a 27-year-old private label manufacturer of premium frozen Asian-inspired food....
By Adam Burroughs
January 27, 2023
Tough Decisions In Family-Led Businesses
Herschend Family Entertainment started in 1960 in Branson, Missouri by Jacob Herschend's grandparents. They leased a cave and made it available for tours. As it increased in popularity, they built...
By Adam Burroughs
January 27, 2023
Serial Entrepreneur Gabriela Isturiz Turns Investor with The Fund XX
Serial entrepreneur and early-stage investor Gabriela Isturiz, who founded two high-growth technology companies that she sold to Fortune 500 companies, recently co-founded The Fund XX, which makes...
By Adam Burroughs
January 27, 2023
Xylem To Acquire Evoqua in All-Stock Transaction
Xylem Inc. a global water technology company and Evoqua, mission-critical water treatment solutions and services provider, announced they have entered into a definitive agreement under which Xylem...
By Dan Pender
January 27, 2023
Bayer Acquires Blackford Analysis Ltd.
Bayer announced the acquisition of the global strategic imaging AI platform and solutions provider Blackford Analysis Ltd. The acquisition is part of Bayer's strategy to drive innovation in radiology,...
By Dan Pender
January 27, 2023
Arrive Health Acquires Suite of Technologies
Arrive Health, provider of real-time benefit tools and integrated solutions that improve patient affordability, announced the acquisition of a suite of innovative patient engagement and automation...
By Dan Pender
January 27, 2023
UPMC to Acquire Leading Clinic in Dublin
In a move that will dramatically expand UPMC’s ability to provide orthopaedic and sports medicine care in Ireland, the health system announced it is acquiring the Sports Surgery Clinic (SSC), an...
By Dan Pender
January 27, 2023
GrayMatter Accelerates Industrial Intelligence Platform with Strategic Merger
GrayMatter announced the expansion of its Industrial Intelligence Platform of industrial technology solution providers with the strategic merger of Columbus, Ohio-based Phantom Technical Services,...
By Dan Pender
January 27, 2023
ERIKS North America Completes Fluid Power Acquisition
ERIKS North America, a distributor of fluid and material conveyance solutions for industrial customers, announced it has acquired DeeTag, Ltd. (DeeTag), a distributor and fabricator of hydraulic and...
By Dan Pender
January 27, 2023
The Shift In Diligence From Risk to Reward
West Monroe Senior Partner Keith Campbell is a co-author of the report, The Future of Diligence in Private Equity, which highlights survey findings from 100 U.S. PE companies to explore the shifts in diligence approach that move away from identifying risk to identifying opportunity. That shift is happening in part because of unique market factors. Campbell says 80 percent or more of diligence used to be on site pre-COVID. ...
By Adam Burroughs
January 27, 2023
The Impact Of Tax Structuring On A Deal
There have been times when tax issues had significant implications on deals for David Bovenizer, CEO of Lionheart Industrial Group LLC. Recently, he says, his company was trying to acquire a strategic target in the aerospace and defense sector. It was a good strategic match for the business, but the company had a lot of the hallmarks of a smaller company, including a lack of tax planning. It was a single individual owner C-corp, which meant there were fewer structuring options for a deal. And they also had issues such as a history expensing all their purchases and no inventory accounted for on the books. ...
By Adam Burroughs
January 27, 2023
Oliver Acquires Tap Packaging
Oliver Inc. announce it has acquired Tap Packaging + Design. Tap Packaging is a manufacturer of custom folding cartons, serving customers in food and beverage, beauty, confection, health and wellness,...
By Dan Pender
January 27, 2023
Savage Sells Enviroserve
Savage, a provider of supply chain infrastructure and services, is focusing its growth on industrial infrastructure and agriculture projects with the sale of its EnviroServe business. An affiliate of...
By Dan Pender
January 27, 2023
Dragon Seats Acquires Athletic Recovery Zone
Dragon Seats, manufacturer and provider of patented heated and cooling sports benches, announce its acquisition of Athletic Recovery Zone, LLC, a Florida-based manufacturer and provider of air...
By Dan Pender
January 20, 2023
STAQ Pharma Expands Operations to Columbus
STAQ Pharma recently raised an estimated $45 Million of Series C venture funding to build a $70 million facility on the West side of Columbus, which will add 300 jobs to the area. Its 503B Outsourcing Facility will produce compounded medications under the Current Good Manufacturing Process (cGMP) quality system, a Federal Drug Administration (FDA) standard. CEO Joe Bagan sat down with Smart Business Network to discuss the capital raises and the new, much larger facility being built in Columbus. ...
By Dan Pender
January 20, 2023
The Dos and Don’ts in Today’s M&A Landscape
Chuck Morton, Partner, Venable LLP, has been recognized for decades as one of best middle-market deal lawyers in the United States. During his time as an M&A attorney, he’s seen business leaders make some excellent choices and some not-so-brilliant decisions. He sat down for a discussion on the Smart Business Dealmakers Podcast to elaborate. ...
By Dan Pender
January 20, 2023
Cleveland Deal Pulse: Earnouts Increase In Popularity
Earnouts can align buyer and seller interests, incentivizing sellers to stick around post-sale to realize an economic benefit from the continued success of the business. Increasingly, they're being used to align total deal value to the ongoing performance of the business in a period of uncertainty, says Carter Hatina, an analyst with MelCap Partners, LLC....
By Carter Hatina
January 20, 2023
Mill Steel Co. acquires Cleveland Metal Exchange
Mill Steel Co., a distributor of flat-rolled carbon steel in Grand Rapids, Mich., announced its expansion into the flat-rolled stainless steel and aluminum metal markets with the acquisition of...
By Dan Pender
January 20, 2023
BIOHM Raises $7.5 Million to Accelerate Microbiome Research, Artificial Intelligence Capabilities and
BIOHM, a microbiome company guided by Dr. Mahmoud Ghannoum, announced it raised a $7.5 million equity financing. The oversubscribed round was led by Middleland Capital's VTC Ventures with additional...
By Dan Pender
January 20, 2023
Fay Sharpe LLP Acquired by Lippes Mathias LLP
Lippes Mathias announced a combination with Cleveland-based Fay Sharpe LLP, an intellectual property law firm founded in 1884. The combination unites Lippes Mathias’ existing intellectual property...
By Dan Pender
January 20, 2023
Jared Paquette Examines His Firm With The Eyes Of An Investor
After 20 years working in private equity, Jared Paquette recently struck out on his own, launching Conanicut Capital, a PE firm focused on the lower middle-market. "I went to a great lower-middle-market firm for about 10 years. And what I found in going to the lower middle market is you get much closer to the founders and the owners of businesses," he says. "Some of the best deals that I've been a part of are ones in which you're really working as the first institutional pool of capital." ...
By Adam Burroughs
January 20, 2023
Debbie Gordon On Maximizing Her Time During Fundraising
Cloud Range is a cyber security company helping large organizations proactively prepare for cyberattacks. In an environment in which cybersecurity attacks are increasing significantly, CEO Debbie...
By Adam Burroughs
January 19, 2023
GrayMatter Merges with Phantom Technical Services
Pittsburgh’s GrayMatter announced the expansion of its Industrial Intelligence Platform of industrial technology solution providers with the strategic merger of Columbus, Ohio-based Phantom Technical...
By Dan Pender
January 19, 2023
Capsa Healthcare Acquires of Humanscale Healthcare
Capsa Healthcare, a healthcare delivery solutions provider for hospitals, long-term care, and retail pharmacy providers, announced the acquisition of Humanscale Healthcare, a designer and manufacturer...
By Dan Pender
January 19, 2023
Hy-Tek Holdings Acquires Advanced Handling Systems
Hy-Tek Holdings, a portfolio company of Dunes Point Capital, LP (DPC), has acquired Advanced Handling Systems. Hy-Tek is a material handling automation integrator serving clients in diverse...
By Dan Pender
January 13, 2023
Lance Hill On How To Think About Capital Raises
Within3 Founder and CEO Lance Hill on what to consider when raising capital. ...
By Adam Burroughs
January 13, 2023
Preparing For A Sale When You're A Social Entrepreneur
Founder and former CEO of Union Packaging Michael K. Pearson on selling his company and preparing for life after a sale....
By Adam Burroughs
January 13, 2023
Deal Pulse Pittsburgh: Earnouts Increase In Popularity
Given today’s challenging economic environment, earnouts will likely remain an important feature in M&A deals. ...
By Carter Hatina
January 13, 2023
With SmartWitness, Business Liability Tool Turns Into $200M Return For Nick Merchef
Nick Mirchef and his son-in-law, Chris Pflanz, went through the trails and tribulations of early-stage capital raises with their company SmartWitness and found a big payday at the end of it all. Today, they’re offering others advice using their experience as a guide. ...
By Dan Pender
January 12, 2023
Align Capital Partners Completes Sale of iPROMOTEu
Align Capital Partners has sold iPROMOTEu to Champlain Capital. Headquartered near Boston, Massachusetts, iPROMOTEu is an outsourced service provider to a network of experienced, independent distributors of promotional products. ...
By Adam Burroughs
January 12, 2023
The Riverside Company Invests In Oval Room Group
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in Oval Room Group, a national commercial real estate visual media solutions company....
By Adam Burroughs
January 12, 2023
TRG Acquires Real World Communications
TRG, a global managed solutions provider focused on enterprise mobility, point of sale and payments has acquired Ontario-based Real World Communications Inc., a successful provider of mobility devices and wireless and network solutions. ...
By Adam Burroughs
January 12, 2023
Lilac Center Joins ARC Health
ARC Health, a Thurston Group portfolio company, has acquired the Lilac Center, an integrated mental health care provider group with four locations in Kansas and Missouri....
By Adam Burroughs
January 10, 2023
IH21 Acquires Wellness Operations of Healics
Integrated Health 21, LLC has acquired the Wellness Operations of Healics, Inc., a Milwaukee, WI based long-standing company that provides a broad range of wellness services. ...
By Adam Burroughs
January 9, 2023
Blue Point-Backed Next Level Apparel acquires Stedman GmbH
Blue Point Capital Partners and its portfolio company Next Level Apparel (NLA) has acquired Germany-based Stedman GmbH, a designer, manufacturer and supplier of premium casual and sportswear blank apparel for the printwear industry....
By Adam Burroughs
January 6, 2023
Rocco DiLillo On His M&A Legacy
Rocco DiLillo on the many businesses he's built, bought and sold, and offers advice to entrepreneurs looking to experience similar successes. ...
By Adam Burroughs
January 6, 2023
In M&A, it's no longer Hungry Hungry Hippos. It's Risk.
The Chartis Group Director - PE Advisory Practice Leader Eric Mayeda on how the economic conditions are changing buyer behavior and what that means for sellers. ...
By Adam Burroughs
January 6, 2023
Trust But Verify Is An Important M&A Lesson To Learn
Eliassen Group CEO David MacKeen on what he's learned as a buyer and how he's applied that the company's acquisition process moving forward. ...
By Adam Burroughs
January 6, 2023
So You Want To Invest In Cannabis ...
Scot Crowe, a governing board member at Dickinson Wright and head of the law firm's private equity practice, on the latest trends in the red-hot cannabis industry. ...
By Adam Burroughs
January 6, 2023
Airspace Link Creates Drone Navigation Highway
In four short years, Detroit startup Airspace Link went from a couple founders and a few employees to recently raising $23 million in a Series B to aid its global expansion. It started with a $100,000 convertible note, a $3 million pre-seed, a $10 million Series A and now the global expansion raise. Michael Healander, co-founder, president and CEO, is a drone pilot enthusiast who envisions the positive impact drones could provide to economies and quality of life. His company is creating a roadmap in the sky for drones of all types and sizes. ...
By Dan Pender
January 6, 2023
O’Brien Law Firm Joins Brennan, Manna, Diamond
The business law firm of Brennan, Manna, Diamond (BMD) – with nearly 80 attorneys and eight offices across the country – has announced The O’Brien Law Firm, LLC, joined BMD...
By Adam Burroughs
January 5, 2023
Align Capital Partners Recapitalizes Cleartelligence
Align Capital Partners has recapitalized Cleartelligence, a data engineering and analytics consulting firm focused on helping enterprise clients envision, design and implement solutions that solve complex business problems....
By Adam Burroughs
January 5, 2023
NMG Aerospace Acquires Matco Manufacturing
NMG Aerospace has acquired Matco Manufacturing, a Salt Lake City, Utah-based manufacturer of aircraft wheels, brakes, and related components....
By Adam Burroughs
January 5, 2023
Codex IT Acquires Intranet Consulting
Codex IT, a national leader in healthcare technology solutions and managed services, has acquired Intranet Consulting, Inc, a premier managed services provider based in Salt Lake City, Utah....
By Adam Burroughs
January 5, 2023
Everest Acquires Communications Towers from CTG
Everest Infrastructure Partners has completed the acquisition of a portfolio of wireless communications tower assets from Communications Tower Group....
By Adam Burroughs
January 4, 2023
ECHO Health Acquires Prelude Software
ECHO Health, Inc., a market leader in insurance claim disbursements, has acquired Prelude Software, provider of PayPilot, the disbursement-hub solution used by insurers, hospitals and governments....
By Adam Burroughs
January 4, 2023
The Riverside Company Exits SureWerx
The Riverside Company, a global private investor focused on the smaller end of the middle market, has sold its investment in SureWerx, a leading North American provider of personal protective equipment, safety gear and tool solutions, to Partners Group, a Swiss-based global private markets firm, acting on behalf of its clients....
By Adam Burroughs
January 4, 2023
Alpha Healthcare Acquisition Corp. III To Merge With Carmell Therapeutics
Alpha Healthcare Acquisition Corp. III (Nasdaq: ALPA), a special purpose acquisition company led by Rajiv Shukla, has announced the execution of a definitive business combination agreement with Carmell Therapeutics Corporation, a Phase 2-stage biotechnology platform company developing allogeneic plasma-based biomaterials for bone and soft tissue healing indications....
By Adam Burroughs
January 3, 2023
M. K. Morse Co Acquires PJ Wiseman Ltd
The M. K. Morse Company has acquired longtime distribution partner and welding center, PJ Wiseman Ltd., based in North Yorkshire, United Kingdom....
By Adam Burroughs
January 3, 2023
Butler Health System, Excela Health Finalize Transaction
Officials at Excela Health and Butler Health System have finalized the joining of the two organizations, creating a new health system serving western Pennsylvania. ...
By Adam Burroughs
