Articles -
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
July 11, 2019
Orchestra BioMed completes $34M Series B-1 preferred stock financing round
New Hope-based Orchestra BioMed Inc., a biomedical innovation company working in procedure-based medicine, has completed a $34 million Series B-1 preferred stock financing....
By Adam Burroughs
July 11, 2019
Kennametal to close Westmoreland County facility with restructuring
Kennametal Inc. plans to close its manufacturing facility in Irwin, Pennsylvania, as well as two manufacturing facilities and a distribution center in Germany. The restructuring actions should facilitate a simplified and leaner structure, while further positioning the company for long-term profitable growth....
By Jayne Gest
