Articles -
March 22, 2019
M&A due dilligence: Understanding cost, risk and liability
There are no mergers of equals, says Howard & Howard’s Joseph DeVito, Esq. But effective due diligence can help your business get the best possible deal. Here’s what you need to know about cost, risk and liability when preparing for a merger....
By Mark Scott
March 22, 2019
Lear invests in Israeli Venture Fund in Mobility Space
Lear has invested an undisclosed amount in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology....
By Adam Burroughs
March 22, 2019
BlueTree's big 2018: A unicorn, strong exits and new investors
It’s been an exciting and unprecedented year for Catherine Mott and BlueTree Capital, including her venture fund's first unicorn holding....
By Jayne Gest
March 22, 2019
IPSCO Tubulars sold to Tenaris
IPSCO Tubulars, which has two Western Pennsylvania facilities, has been acquired by Tenaris for $1.209 billion....
By Adam Burroughs
March 22, 2019
Driving foreign investment in Northeast Ohio: What’s next for EB-5?
The immigration/investment program that brought more than $250 million to Northeast Ohio to finance real estate projects faces an uncertain future,...
By Mark Scott
March 21, 2019
BGL oversees Miller Environmental Group sale to PE firm
Brown Gibbons Lang & Co.'s Environmental & Industrial Services team served as the exclusive financial adviser in the sale of Miller Environmental Group Inc. to GenNx360 Capital Partners....
By Adam Burroughs
March 21, 2019
Soave Enterprises buys New Center Stamping
Soave Enterprises has acquired New Center Stamping Inc., a stamping, assembly and engineering firm in Detroit’s Milwaukee Junction neighborhood....
By Adam Burroughs
March 21, 2019
Huntington Tower is on the block
Akron’s tallest building is officially for sale. Huntington Tower, the home of Huntington Bank and 1,200 of its employees, has no asking price yet....
By Adam Burroughs
March 21, 2019
3-D startup Kaarta raises $6.5M
The developer of real-time mobile 3D reality capture raised the funds to accelerate the growth of its mobile mapping and localization technology....
By Adam Burroughs
March 21, 2019
In deal communications, play offense
The smoothest deals have one common denominator. They are driven by a thoughtful, reasoned approach to cohesive communication that will resonate with all those touched by the transaction....
By Chas D. Withers
March 21, 2019
2019 Dealmaker of the Year Awards
Recognizing the top deals and dealmakers in the Pittsburgh region....
By Michael Marzec
March 20, 2019
Polychem Corp. acquired by Houston’s The Sterling Group
Mentor’s Polychem Corp. has been acquired by The Sterling Group, an operationally focused middle market private equity firm out of Houston....
By Adam Burroughs
March 20, 2019
Lubrizol expands natural, botanical offerings with acquisition of French supplier
The Lubrizol Corp. has acquired Laboratoire Phenobio, a French supplier of naturally-derived extracts and botanical active ingredients....
By Adam Burroughs
March 20, 2019
Horizon Global Corp. gets liquidity injection with $51M loan
Horizon Global Corp. has closed a new financing agreement to provide additional liquidity and has amended its existing term debt agreement to relax financial covenants....
By Adam Burroughs
March 20, 2019
Scotts Miracle-Gro dumps its stake in TruGreen for $234M
Scotts Miracle-Gro Co. has sold its 30 percent stake in TruGreen to the majority owner for approximately $234 million in a move to reduce debt and maximize shareholder value....
By Adam Burroughs
March 20, 2019
Budd Dairy Food Hall: Finding the next Cameron Mitchell
The new venture, backed by Cameron Mitchell Restaurants, will help chefs grow their concepts and build their businesses....
By Jayne Gest
March 19, 2019
Continental Services nabs Sterling Services for 5th acquisition in 18 months
Continental Services, Michigan’s largest food management company, has acquired Canton-based Sterling Services, creating Michigan’s largest founder-owned contract dining management company....
By Adam Burroughs
March 19, 2019
ACP-backed Pleatco buys APEL, Milton to expand air filtration services
Align Capital Partners portfolio company Pleatco Filtration has expanded into the industrial air filtration market with the acquisitions of APEL International and Milton Manufacturing....
By Adam Burroughs
March 19, 2019
MC Group continues aggressive growth strategy, acquires Coastal Signage + Wayfinding
MC Group has closed its second acquisition in just over year, announcing it has purchased Coastal Signage + Wayfinding, a full-service solutions provider based in Oceanside, California....
By Adam Burroughs
March 19, 2019
Installed Building Products to acquire 1st State Insulation
The deal adds approximately $8.8 million in annual revenue for the installation contractor, which has over 7,000 employees at more than 175 locations nationwide....
By Adam Burroughs
March 15, 2019
There is no ‘exit’ for restaurant investors
Investing in a restaurant sounds glamorous, doesn’t it? And that’s become truer as TV depicts chefs as rock stars. Veteran restauranteur Craig Barnum, who raised capital for his first restaurants more than 20 years ago, paints a different picture — one where there are no clear assets or exit timelines....
By Jayne Gest
March 15, 2019
How to plan for a liquidity event
Whether you’re thinking about a liquidity event before you’ve launched your company, or the thought comes much later, there’s a lot to consider before you cash out....
By Mark Scott
March 15, 2019
Venture for America taps Cleveland for accelerator
Venture for America has selected Cleveland to host its national business accelerator targeting entrepreneurs that are recent college graduates, netting out competing proposals from Columbus and...
By Michael Marzec
March 15, 2019
Case licensee NervGen Pharma raises $7.5M in IPO
The Vancouver-based company, which has licensed regenerative medicine technology from Case Western Reserve University, said it plans to raise another $500,000 in a private placement....
By Michael Marzec
March 15, 2019
PriorAuthNow raises $6.2M
Health care startup PriorAuthNow Inc. has received $6.2 million in funding from a Santa Monica-based investment firm, bringing its five-year total above $22M....
By Adam Burroughs
March 14, 2019
Irwin Car’s Bill Baker: Find synergies in your acquisition strategy
After doing nearly 60 deals throughout his career, Bill Baker knows himself. He’s a niche strategist who looks to buy companies where one-and-one makes three....
By Jayne Gest
March 14, 2019
EQM Midstream to buy assets in Utica, Marcellus for $1.03 billion
EQM Midstream Partners is set to acquire a 60 percent interest in Eureka Midstream Holdings and 100 percent interest in Hornet Midstream Holdings for $1.03 billion....
By Adam Burroughs
March 14, 2019
TransDigm wraps up $4B Esterline deal
TransDigm Group Inc. has completed the acquisition of Esterline Technologies Corp., a specialized manufacturer serving the global aerospace and defense industries....
By Adam Burroughs
March 14, 2019
Incline Equity’s Continental Batteries gets a boost, buys Battery Sales & Service
Continental Batteries, a battery distributor and a portfolio company of Pittsburgh private equity firm Incline Equity Partners, is acquiring Battery Sales & Service in its sixth acquisition in just over seven months....
By Adam Burroughs
March 14, 2019
Ampco-Pittsburgh plans to sell ASW Steel
Ampco-Pittsburgh Corp. is set to sell its Canadian subsidiary, ASW Steel Inc. ASW, a specialty steel-making facility located in Welland, Ontario, has been classified as a discontinued operation...
By Adam Burroughs
March 14, 2019
Is a dividend recap right for you?
Greenwich Capital Group's Andrew Dickow shares his thoughts on dividend recapitalization strategy and how to find the right path to meet your needs....
By Mark Scott
March 14, 2019
Chicago developer plans Columbus Castings project
CRG, the Chicago-based real estate development arm of Clayco Inc., is planning a major spec warehouse project at the former Columbus Castings property, according to published reports.CRG told The...
By Michael Marzec
March 13, 2019
Highmark, Geisinger complete $100M clinical joint venture
Health care companies Highmark Inc. and Geisinger have completed their previously announced clinical joint venture, which will invest more than $100 million to expand health care services and improve access to healthcare in four north-central Pennsylvania counties....
By Adam Burroughs
March 13, 2019
PNC to sell part of its record-keeping business to Newport Group
The transaction will enable PNC to focus on providing fiduciary investment advice to retirement clients — one of its core businesses — while helping Newport expand through the complementary acquisition....
By Adam Burroughs
March 12, 2019
Huron-backed Ronnoco Coffee gulps down add-on
Huron Capital’s platform company Ronnoco Coffee has acquired Beverage Solutions Group, expanding its national footprint from 35 to 43 states and provides additional distributor relationships.The deal...
By Adam Burroughs
March 12, 2019
RPM’s Jim Karman: Skip the drama and avoid turnarounds
Retired RPM International COO Jim Karman reflects on the fateful deal that convinced him to steer clear of turnaround acquisitions and shares lessons learned from his dealmaking career....
By Mark Scott
March 11, 2019
Aspire dealmakers conference coming to Detroit April 11
The Aspire middle-market dealmakers conference will be at the Westin Book Cadillac on April 11. This conference features an all-star lineup of entrepreneurs, investors and adviser....
By Michael Marzec
March 11, 2019
NeuBase Therapeutics gets $9M in financing
NeuBase Therapeutics Inc., a Pittsburgh biotechnology company developing antisense therapies to address rare genetic diseases, has landed $9 million in financing ahead of the company’s proposed merger with Ohr Pharmaceutical Inc....
By Adam Burroughs
March 11, 2019
DLZ grows in Midwest with Johnson & Anderson acquisition
Architecture and engineering firm DLZ Corp. has acquired Johnson & Anderson Engineers, a civil engineering firm that works in the areas of municipal, water and wastewater engineering, survey and construction services....
By Adam Burroughs
March 11, 2019
Enesco completes acquisition of Things Remembered
Giftware seller and distributor Enesco LLC has completed its acquisition of Things Remembered Inc., preserving 176 stores and 1,400 jobs while expanding the company's offerings....
By Adam Burroughs
March 11, 2019
Army gives Carnegie Mellon $72M to fund AI defense research
Carnegie Mellon University, specifically its Combat Capabilities Development Command Army Research Laboratory, is being awarded $72 million from the U.S. Army over five years for fundamental (publishable) artificial intelligence research....
By Adam Burroughs
March 11, 2019
Preformed Line Products buys Austrian SubCon Electrical Fittings
Preformed Line Products Co., a manufacturer of energy and communications infrastructure, has acquired SubCon Electrical Fittings GmbH, an Austrian manufacturer of substation connector systems and electrical accessory hardware....
By Adam Burroughs
March 8, 2019
UH Ventures seeks every opportunity for innovation
Through UH Ventures, University Hospitals Health System hopes it can become a powerful force to enable the next generation of health care....
By Mark Scott
March 8, 2019
L Brands pressed to spin off Victoria’s Secret
Activist investor Barington Capital is urging L Brands to spin off its struggling Victoria Secret brand, in part to protect its thriving Bath & Body Works brand, which Barington says should be taken...
By Adam Burroughs
March 8, 2019
Atlas Oil founder Sam Simon: How to maximize your deals
The master dealmaker talks about his humble beginnings, his approach to investment opportunities and the importance of being a disciplined dealmaker....
By Mark Scott
March 7, 2019
vitalxchange's Charu Ramanathan: survival skills trump MBA thinking
The co-founder and CEO at vitalxchange talks about the value of following your instincts and the real skills entrepreneurs need to succeed....
By Mark Scott
March 7, 2019
IAM Robotics’ Joel Reed: Finding capital and talent in a competitive robotics industry
The robotics industry remains in flux, especially as methods for fulfilling consumer orders continue to evolve. But Pittsburgh — and companies like IAM Robotics — is at the center of it all....
By Jayne Gest
March 7, 2019
Innovest Global signs LOI to buy Columbus company
The company says its acquisition target generated $4.2 million in revenue with income of $300,000 in owner benefit in 2018....
By Michael Marzec
March 6, 2019
Startup future is bright — and diverse
Tom Walker talks about the startup climate and how Rev1 is encouraging startup diversity....
By Jayne Gest
March 6, 2019
McGowan Cos. acquires, rebrands Edgewater Holdings
The McGowan Cos. has purchased the assets of another insurance underwriter, Edgewater Holdings Ltd., in a move McGowan President and CEO Thomas B. McGowan IV said will further the company’s national growth strategy....
By Adam Burroughs
