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July 22, 2019

Ocuphire Raises Over $5M To Complete Late Phase 2 Clinical Trials

Investors include RBI Opportunities Fund, Belle Capital Fund, Grand Angels Fund, First Capital Fund, Michigan Angel Fund, Biosciences Research and Commercialization Center, Ann Arbor Angels, Woodward Angels, Kalamazoo Angels, BlueWater Angels and other individual and institutional investors....

By Mark Scott

July 22, 2019

Huron Capital-Backed Sciens Building Solutions Buys Firm

The transaction represents the latest acquisition for Sciens since Huron Capital formed the platform in 2016 to pursue a buy-and-build investment strategy in the fire service and integrated solutions sector....

By Mark Scott

July 19, 2019

Alliance Data Systems Launches Dutch Auction Stock Buyback

The provider of data-driven marketing and loyalty services wants to buy back up to $750 million of its stock following the sale of one of its business units for $4.4 billion....

By Michael Marzec

July 19, 2019

Range Resources sells $634M in assets

The natural gas producer has agreed to sell a royalty interest in 350,000 acres in southwest Appalachia for $600 million and also sold non-producing acreage in Pennsylvania for $34 million....

By Jayne Gest

July 19, 2019

How To Leverage Your Banker, Even Without Using Debt

Wes Gillespie, ErieBank’s regional president for the Cleveland market, talks about the bank’s role in the acquisitions process and how lenders can be a valuable M&A partner, even if you’re not using debt to finance your acquisition....

By Mark Scott

July 18, 2019

Gabriela Rodil: Best Practices For Selling Your Business

The experienced dealmaker talks about best practices when putting your company on the market and the keys to optimizing its value....

By Mark Scott

July 18, 2019

BioAdvance’s Rick Jones: Look Beyond The Dollars When Investing In Biotech

Rick Jones, an internist-turned-entrepreneur who is now a partner at the VC firm BioAdvance, offers cautionary advice to investors who would let dollar signs block a more practical insight into biotech investing....

By Adam Burroughs

July 18, 2019

IDEX Buys Sweden-Based Velcora Holding AB

The diversified manufacturer paid roughly $137 million for the hgolding company of Roplan, a manufacturer of custom mechanical and shaft seals, and Steridose, a developer of engineered hygienic mixers and valves....

By Mark Scott

July 18, 2019

EN Engineering Bought By NY-Based Kohlberg & Co.

EN Engineering provides comprehensive design, engineering, and consulting services to gas and electric utilities, as well as other energy and industrial end-markets....

By Mark Scott

July 18, 2019

ATI Shedding Oil & Gas Rights In New Mexico

ATI expects the agreements, one executed and one pending, to generate more than $90 million in pretax income and cash....

By Michael Marzec

July 18, 2019

Eaton completes Switchgear deal

Power management company Eaton has completed the acquisition of Innovative Switchgear Solutions Inc., a specialty manufacturer of medium-voltage electrical equipment serving the North American utility, commercial and industrial markets. Terms of the transaction were not disclosed....

By Adam Burroughs

July 18, 2019

Huron Capital's Albireo Energy Buys Alabama Controls

Huron Capital formed Albireo in 2014 with the goal of building an industry leader in the fast-growing U.S. market for energy efficiency, building automation and energy management....

By Mark Scott

July 18, 2019

Frontline Education to buy Perennial EdTech

The Malvern-based provider of K-12 school administration software hopes the deal will help it expand the depth and breadth of problems addressed by its platform....

By Adam Burroughs

July 18, 2019

HKA acquires The Kenrich Group

The construction claims and dispute resolution firm picks up a business and litigation consulting firm with more than 100 professionals in 11 offices throughout the country....

By Adam Burroughs

July 18, 2019

Look Good Brands buys Legends Boxing

The subsidiary of Canonsburg-based Deka Lash is attempting to bring together a range of beauty, health and fitness brands....

By Jayne Gest

July 18, 2019

Dave Zilko On Selling Garden Fresh Gourmet

Dave Zilko talks about how the Garden Fresh Gourmet deal got done, the emotional toll that dealmaking can take and the move Campbell’s made earlier this year to sell the business....

By Mark Scott

July 17, 2019

Campbell’s selling Kelsen Group for $300M

Proceeds from the $300 million sale of the Denmark-based subsidiary will go toward debt reduction....

By Adam Burroughs

July 17, 2019

Crozer-Keystone owner Prospect Medical get $1.55B injection

Proceeds from the sale-leaseback of the company’s real estate assets in California, Connecticut and Pennsylvania will be used to retire the company’s existing term-loan debt....

By Adam Burroughs

July 17, 2019

Ice Miller’s Michael Jordan: Investor Appetite For Alternatives Remains High

Michael Jordan didn’t expect to become an expert in investor-side representation for alternative investments. He stumbled into the niche 22 years ago. Here's what he's seeing in the marketplace....

By Jayne Gest

July 17, 2019

IPEG Industrial: Lessons from a strategic mid-market buyer

John Erkert has helped IPEG Industrial Group buy three industrial companies and sell another over the course of six years to build a global business in the plastics-processing, waste recycling and industrial heat-transfer markets....

By Jayne Gest

July 16, 2019

MPD Chemicals bought by Entegris Inc.

The acquisition is expected to help Entegris continue to grow and diversify its engineered materials portfolio, which was recently expanded with the acquisition of Digital Specialty Chemicals....

By Adam Burroughs

July 16, 2019

Lubrizol buys Bavaria Medizin Technologie

This acquisition is intended to build on Lubrizol’s expertise in precision thermoplastic extrusion and product development....

By Adam Burroughs

July 16, 2019

Chemical, TCF Deal Receives Regulatory Approval

The combined company is expected to have over $46 billion in total assets and be a top 10 bank in the Midwest based on deposit market share....

By Mark Scott

July 16, 2019

Michael Canty: Quit Whining And Go Make Some Money

Turnaround CEO Michael Canty talks about his approach to making deals in tough situations and the value of staying true to your convictions....

By Mark Scott

July 16, 2019

RoadBotics raises $7.5M Series A round

The Pittsburgh-based company, which grew out of Carnegie Mellon University research into standardizing road assessment using artificial intelligence, has raised $11.4 million over five rounds....

By Jayne Gest

July 16, 2019

Convelo Therapeutics agreement with Genentech opens door to acquisition

Convelo Therapeutics Inc., a Cleveland-based biotechnology company, has entered into an exclusive worldwide collaboration with Genentech, a member of the Roche Group. Through the deal, Genentech retains an exclusive option to acquire Convelo....

By Adam Burroughs

July 16, 2019

Built In Closes $22M Series C Funding

This is the second-largest round of funding in Chicago raised by a woman CEO leading a digital technology company, according to Pitchbook....

By Mark Scott

July 16, 2019

Middleby Buys Packaging Progressions Inc.

Packaging Progressions is a $30 million Pennsylvania-based provider of automated packaging technologies for customers in the protein and bakery segments....

By Mark Scott

July 16, 2019

Comet Bio Closes Financing Round

Comet has also chosen Chicago as its U.S. headquarters because of the significant number of food and nutrition companies located throughout the region....

By Mark Scott

July 15, 2019

AEP to buy three Oklahoma wind farms

If approved, total investment in the wind projects would be nearly $2 billion, inclusive of all costs....

By Jayne Gest

July 15, 2019

NeuBase Therapeutics closes reverse merger, hedge fund invests

Immediately following the closing, the company agreed to a private placement of common stock with Greenlight Capital, a New York City hedge fund that now owns about 9 percent of NeuBase common stock....

By Jayne Gest

July 15, 2019

Ohio Basement Authority purchased

Groundworks Companies has acquired the Ohio Basement Authority and Florida Foundation Authority, both owned by Columbus entrepreneur Doug Secrest....

By Jayne Gest

July 15, 2019

Timber Trail Townhomes refinanced

Timber Trail SIG refinanced 12 two-story, garden-style buildings in Columbus with a Freddie Mac Small Balance Loan of $6.4 million from Hunt Real Estate Capital....

By Jayne Gest

July 15, 2019

Livongo IPO Expected To Fetch $20-$23 Per Share

Last month, the digital-health startup co-founded by Chicagoan Glenn Tullman, former CEO of Allscripts, filed to make an IPO that is expected to value the company at more than $1 billion....

By Mark Scott

July 15, 2019

USI buys Wexford employee benefits firm JRG Advisors

The company’s existing operations will be combined with Emerson Reid, USI’s employee benefits wholesale brokerage division, as part of a plan to strengthen Emerson Reid’s footprint and expertise in western Pennsylvania and Ohio....

By Jayne Gest

July 12, 2019

Tower International set to be acquired by Autokiniton Global for $900M

Tower International Inc. is set to be acquired by Autokiniton Global Group in a deal valued at $900 million....

By Adam Burroughs

July 12, 2019

Volkswagen AG to invest $2.6B in Argo AI

Volkswagen AG will invest $2.6 billion in Pittsburgh-based Argo AI by committing $1 billion in funding and contributing its Autonomous Intelligent Driving company, valued at $1.6 billion. The culmination of this deal leads a valuation that exceeds $7 billion for the self-driving startup....

By Jayne Gest

July 12, 2019

Analytics, Not Your Gut, Are Best Judge Of Management

To figure out who’s the right fit for post-acquisition management, Tim Kardish relies not on gut instinct, but contemporary tools designed to assess the skillset, expertise and adaptability of the leadership team....

By Adam Burroughs

July 11, 2019

Brennan Industries buys Miric Engineering

Cleveland’s Brennan Industries Inc. has acquired Miric Engineering, a Nottingham, UK-based manufacturer of standard and special fittings and adapters....

By Adam Burroughs

July 11, 2019

Riverside leverages CertaSite into fire safety platform

Private equity firm The Riverside Co. is leveraging CertaSite into a fire and life safety platform....

By Adam Burroughs

July 11, 2019

Riverside invests in Compana, adds to GermanPersonnel portfolio company

The Riverside Co., a global private equity firm, has completed an investment in Compana, a German provider of recruitment software solutions for the temporary staffing sector and other verticals with complex recruiting requirements....

By Adam Burroughs

July 11, 2019

TravelCenters of America backs QuikQ

TravelCenters of America LLC has provided a strategic investment in QuikQ LLC, an independent full-service fuel payment solutions provider founded in 2008....

By Adam Burroughs

July 11, 2019

Tekni-Plex buys Geraldiscos

A Tekni-Plex subsidiary has purchased Brazilian closure liner manufacturer Geraldiscos, which will become part of Tekni-Plex's Tri-Seal business....

By Adam Burroughs

July 11, 2019

CORE Industrial Portfolio Company Buys Cal-X

Headquartered in Wisconsin, Cal-X offers rapid prototyping and short-run production services through its in-house capabilities....

By Mark Scott

July 11, 2019

Community Loudspeakers bought in Biamp Systems deal

Community Loudspeakers based in Philadelphia, has been acquired by Biamp Systems, a supplier of professional audio and video solutions based in Beaverton, Oregon, through its purchase of Audioprof Group International from 3d Investors of Gent, Belgium....

By Adam Burroughs

July 11, 2019

Three-building purchase finalizes Teva Pharmaceuticals’ R&D campus in West Chester

Teva Pharmaceuticals USA Inc. has completed the purchase of three buildings on Brandywine Parkway in West Chester, which, together with three other buildings Teva owns in the same corporate park, firmly establishes a North America Research & Development campus focused primarily on biologics....

By Adam Burroughs

July 11, 2019

Incline Equity closes fund extension with $314.5M raised

Pittsburgh-based private equity firm Incline Equity Partners has closed its first fund extension platform, Incline Elevate Fund L.P., with $314.5 million in capital commitments, surpassing an initial target of $250 million after two months of marketing....

By Jayne Gest

July 11, 2019

American Eagle authorizes 30M more shares for repurchase

American Eagle Outfitters Inc.’s board has authorized an additional 30 million shares for repurchase through Feb. 3, 2024. This brings the shares available for purchase under the company’s publicly announced share repurchase authorizations, as of July 10, 2019, to approximately 37.4 million....

By Jayne Gest

July 11, 2019

Tecum Capital invests in National Power

Tecum Capital Partners has invested in National Power Corporation, a Raleigh, North Carolina, company that assembles custom battery packs for the global OEM market. Tecum partnered with SBIC mezzanine lender C3 Capital Partners to provide subordinated debt and equity to support the transaction led by Valley Ridge Investment Partners....

By Jayne Gest

July 11, 2019

Motorola Solutions Buys WatchGuard

WatchGuard designs and manufactures in-car video systems, body-worn cameras, evidence management systems and software....

By Mark Scott