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February 25, 2020
Hyland Completes Deal To Buy Streamline Health’s ECM Business
The deal bolsters Hyland's efforts to become the world's leading content services provider and is intended to further Hyland Healthcare's mission of helping health care organizations improve the lives of patients and enhance the experiences of health care consumers....
By Mark Scott
February 24, 2020
Condado Tacos takes on new investor, The Beekman Group
Condado Tacos is partnering with The Beekman Group LLC, a private equity firm based in New York City, for its next chapter of growth. The build-your-own taco concept plans to use the funds to optimize its expansion into new markets....
By Jayne Gest
February 21, 2020
GBQ buys Weber Clark in Toledo
GBQ Partners LLC, a Columbus-headquartered tax, accounting and consulting firm, has joined forces with Weber Clark Ltd. The transaction is part of GBQ’s strategy for expanding and strengthening market presence....
By Jayne Gest
February 21, 2020
Mettler-Toledo purchases D.C. Martin & Son Scales
Columbus-headquartered Mettler Toledo International Inc. has acquired D.C. Martin & Son Scales of Grand Rapids, Michigan, according to Calder Capital LLC....
By Jayne Gest
February 20, 2020
Washington Prime Group sells interest in eight outparcels
Columbus-based Washington Prime Group Inc. has executed a letter of intent with Spirit Realty Capital Inc. for the sale of the fee interest or leasehold interest in eight outparcels for approximately $14.2 million....
By Jayne Gest
February 20, 2020
An Inside Look At Terrence Oprea’s Sale Of MCCI To His Executive Team
The moment you start to think that maybe it’s time to retire in terms of private ownership, it’s usually too late, says Terrence Oprea....
By Mark Scott
February 20, 2020
TMA’s Scott Y. Stuart: Tips For Navigating The Risky World Of Distressed Investments
As you consider investing in or buying a company that is in a tough spot, you need to be honest about the situation....
By Mark Scott
February 20, 2020
Compass Self Storage Buys Eustis, Florida Location
This transaction marks the 23rd Compass Self Storage location in Florida and the 92nd location nationwide....
By Mark Scott
February 20, 2020
Victoria’s Secret, Pink to be sold to Sycamore Partners
L Brands Inc. plans to position Bath & Body Works as a standalone public company, separating Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK into a privately-held entity. New York PE firm Sycamore Partners will purchase a 55 percent majority interest for approximately $525 million. Les Wexner will step down and become chairman emeritus of L Brands....
By Jayne Gest
February 20, 2020
MRI Software’s John Ensign: Strong Outlook For M&A — If The Deals Meet The Right Criteria
Investing in the right acquisition — rather than just making the first deal that comes along — will be critical to surviving, and even thriving, in a downturn, says MRI Software’s John Ensign....
By John Ensign
February 20, 2020
Signet’s Anthony Manna: U.S. Deal Activity Remains Steady As China Responds To Coronavirus
As the Chinese government continues to grapple with the impact of the coronavirus within its borders, the disease’s impact on the U.S. economy has been negligible....
By Mark Scott
February 19, 2020
Kevin McPhillips: Taking an interest in employee ownership
While there's a level of unawareness of how employee stock ownership plans truly work, grassroots efforts and education are starting to pay off with business owners. Kevin McPhillips of the Pennsylvania Center for Employee Ownership explains how....
By Jayne Gest
February 19, 2020
Eaton, Abunayyan Holding Form Joint Venture
The joint venture is expected to do business as Eaton Arabia and have locations in Dammam, Saudi Arabia, and Dubai, United Arab Emirates....
By Mark Scott
February 19, 2020
Align Capital Partners Closes Fund At $450M Hard Cap
With the closing of ACP II, Align Capital Partners has raised more than $775 million since the firm’s founding in 2016....
By Mark Scott
February 19, 2020
Retail Value Closes $60M Sale Of Hamilton Commons
Net proceeds equal to 105% of the property’s allocated loan amount were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash....
By Mark Scott
February 18, 2020
Volvo industrial building in Lewis Center purchased
An affiliate of Covington Group Inc., a Dallas commercial real estate company, has purchased a 583,000-square-foot bulk distribution warehouse at 8355 Highfield Drive in Lewis Center, Ohio. The building, on a 31-acre site, is occupied by Volvo Group North America....
By Jayne Gest
February 18, 2020
Leppo Rents Buys Valco Equipment
Valco Equipment has been providing sales, rentals, parts and service to its customers in Akron, Canton, Cleveland and nationwide since 1987. Equipment lines include JLG, Genie, SkyTrak, Lull, Skyjack, Pettibone, Gehl and Manitou....
By Mark Scott
February 18, 2020
Gregory D. Cessna: How much due diligence is too much?
Gregory D. Cessna wonders if the ease of information sent through digital portals can bog down deal due diligence. He provides some tips for right sizing the due diligence for your next deal....
By Gregory D. Cessna
February 18, 2020
Koppers to divest China distillation business
Koppers Holdings Inc. has agreed to sell Koppers (Jiangsu) Carbon Chemical Company Limited to Fangda Carbon New Material Co. Ltd. and C-Chem Co. Ltd, a subsidiary of NIPPON STEEL Chemical & Material Co. Ltd. for $107 million....
By Jayne Gest
February 14, 2020
Investing in Ohio’s medical marijuana industry
The cannabis space is an interesting investment opportunity that comes with a variety of risks, but as Ohio’s medical marijuana cultivators and dispensaries slowly gain ground, the nascent industry should pick speed in 2020....
By Jayne Gest
February 14, 2020
$7.6M in addition funding for Navidea Biopharmaceuticals
Navidea Biopharmaceuticals has sold its Ohio court judgment for $4.2 million and raised an addition $3.4 million in equity, which represents $7.6 million in additional funding....
By Jayne Gest
February 13, 2020
S4 Medical raises additional funding
S4 Medical Corp., a Columbus-based medical device company focused on protecting the esophagus from thermal damage during catheter ablation procedures, has completed an oversubscribed round of funding following its successful human study....
By Jayne Gest
February 13, 2020
Smith Micro buys the operator business of Circle Media Labs
Pittsburgh-headquartered Smith Micro Software Inc. has acquired the operator business of Circle Media Labs Inc. for approximately $13.5 million in cash. The transaction will expand and enhance the overall capabilities Smith Micro's portfolio....
By Jayne Gest
February 13, 2020
Kurtz Bros. Buys Landmark Lawn and Garden Supply’s Strongsville Store
Under the new ownership, the Strongsville store will change its name to Kurtz Bros. Inc. The transaction does not include the Landmark Lawn and Garden Supply store in Avon....
By Mark Scott
February 13, 2020
At Gateway Blend, Kasey Grelle digs in to acquisitions
With Kasey Grelle at the helm of digital media company Gateway Blend — which owns and operates a portfolio of more than 14 websites that each month reach more than 120 million users — the company has a CEO ready to roll up her sleeves when it comes to acquisitions....
By Adam Burroughs
February 13, 2020
2020 Dealmaker of the Year Awards
Smart Business Dealmakers is recognizing some top deals and dealmakers in the St. Louis region. Here are the 2020 Dealmaker of the Year Award winners!...
By Adam Burroughs
February 12, 2020
Altoona Honda under new ownership
Bill Barnes and Paul Ritchie recently sold Altoona Honda to Timbrook Automotive, which has 11 dealerships throughout Maryland, Virginia and West Virginia. This is Timbrook’s first location in Pennsylvania....
By Jayne Gest
February 12, 2020
WW Williams purchases CP Company
W.W. Williams Co. has completed its acquisition of CP Company, which does business as CT Power and Iceberg Enterprises. The transaction should strengthen W.W. Williams with additional independent truck maintenance locations and broaden its trailer parts and related product lines....
By Jayne Gest
February 12, 2020
Gridiron Capital Completes Sale Of Dent Wizard To Dealer Tire
Gridiron is making a significant new investment in the combined platform alongside the majority shareholder, Bain Capital, the Mueller family and the management team....
By Mark Scott
February 12, 2020
ACP-Backed E Source Buys TROVE Predictive Data Science
ACP acquired E Source in June 2019 and last week announced the company’s acquisition of UtiliWorks Consulting. Both companies will be united under the E Source brand in the months ahead....
By Mark Scott
February 12, 2020
Marcum’s Gregory J. Skoda: Before You Sell, Examine The Deal From Every Angle
When Gregory J. Skoda finalized a deal for Skoda Minotti to become part of New York-based Marcum LLP, it was part of a growth strategy, not a path to exit the business he launched in 2001....
By Mark Scott
February 11, 2020
Bedford Funds launches $2B fund raise
Pittsburgh-based Bedford Funds LP is launching a $2 billion fund raise, that looks to create a private equity fund specifically targeting operating businesses, rather than real estate investments....
By Jayne Gest
February 11, 2020
Carnegie Learning divests Paradigm Education Solutions
Carnegie Learning, a Pittsburgh learning technology company, has agreed to sell Paradigm Education Solutions, a post-secondary provider of print and digital learning solutions, to Kendall Hunt Publishing Co....
By Jayne Gest
February 11, 2020
Celsense raises funding
Pittsburgh-based Celsense Inc. is in the process of raising $500,000 of venture funding in form of convertible debt, according to PitchBook....
By Jayne Gest
February 10, 2020
ACP-Backed Alliance Source Testing Makes Fourth Add-On Acquisition
Align Capital Partners-backed Alliance Source Testing LLC has acquired METCO Environmental from TestAmerica, a subsidiary of Eurofins Scientific....
By Mark Scott
February 10, 2020
EmployStream Closes $7M Series B Funding Round
EmployStream will use the capital to expand product development, increase its footprint in the staffing industry and drive innovation of ideas inspired by its rapidly growing customer base....
By Mark Scott
February 10, 2020
Vertiv closes GS Acquisition Holdings merger, becomes publicly traded
Columbus-headquartered Vertiv Holdings Co. has completed its business combination with GS Acquisition Holdings Corp. GS Acquisition Holdings Corp. has been renamed Vertiv Holdings Co. and will trade on the New York Stock Exchange....
By Jayne Gest
February 7, 2020
MedPilot Raises Additional $1.5M In Funding
Investors in this latest round include JumpStart, Jon Pinney, North Coast Angel Fund, Valley Growth Ventures, Wavemaker Partners and Hudson River Capital Partners....
By Mark Scott
February 6, 2020
Rea & Associates buys W.J. Ubbing and Associates
Rea & Associates, a regional accounting and business consulting firm based out of New Philadelphia, Ohio, will merge in clients from Columbus CPA firm W.J. Ubbing and Associates, which primarily works with construction companies....
By Jayne Gest
February 6, 2020
Sherwin-Williams To Build New Global HQ In Downtown Cleveland
Preliminary plans call for Sherwin-Williams to invest a minimum of $600 million to build new HQ, as well as a new R&D Center in Brecksville....
By Mark Scott
February 6, 2020
Richard Weaver on choosing the right recapitalization partner
AB Bernstein's Richard L.N. Weaver offers his perspective on what business owners should consider when pursuing recapitalization, including the importance of defining goals and choosing the right private equity partner....
By Adam Burroughs
February 6, 2020
Align Capital Partners-Backed E Source Buys UtiliWorks
ACP acquired E Source in June 2019 and UtiliWorks marks the platform’s second add-on acquisition....
By Mark Scott
February 6, 2020
Two Labs buys CEEK Enterprises
Two Labs, a Powell, Ohio-based pharmaceuticals services company, has acquired CEEK Enterprises, a Boston management consultancy dedicated to supporting clients in the biopharma and medical technology industries. The transaction will significantly expand Two Labs’ suite of integrated offerings....
By Jayne Gest
February 6, 2020
CitySide Ventures’ David Weaver: When Your Plan Doesn’t Work, Be Ready To Pivot To Something New
Longtime dealmaker put more than three decades of diversified management experience to use to help early-stage companies connect with the resources they need to grow their businesses....
By Mark Scott
February 6, 2020
Dean Zayed: Ready To Deal, Not Ready To Walk
Dealmaking provides options. Darryl Ronconi and Dean Zayed found a way to sell a majority interest in Brookstone Capital Management and retain a strong voice in the company moving forward....
By Mark Scott
February 5, 2020
SinterMet sold to V&A Capital
New York PE firm V&A Capital has partnered with the management team of SinterMet LLC to acquire the company, which is headquartered near Pittsburgh. The firm plans to support SinterMet’s growth through increased product offerings, entering new end-markets and searching for complementary add-on acquisitions....
By Jayne Gest
February 5, 2020
Hyland Buys Learning Machine
Learning Machine is considered a pioneer in leveraging blockchain technology to authenticate documents and content....
By Mark Scott
February 5, 2020
MPE Partners Announces Recap Of Wisconsin-Based Teel Plastics
Teel has been owned by the Smith family for over 20 years and was seeking a partner to help the Teel team capitalize on the significant growth opportunities that are currently available to the company....
By Mark Scott
February 5, 2020
CBIZ Snags Alliance Insurance Services, Pension Dynamics Co.
Alliance Insurance Services is based in Washington D.C. while Pension Dynamics is headquartered in Pleasant Hill, California....
By Mark Scott
February 5, 2020
Michael Feuer: Buy It, Build It, Or Forget It?
It’s not how big you make it, it’s how you make it big, says Michael Feuer...
By Michael Feuer
