Chicago - Articles
August 22, 2019
SpotHero Announces $50M In Series D Funding, Closing In On $1B In All-Time Sales
The company offers the largest place to buy and sell parking in North America and has helped digitize nearly 7,000 parking facilities in the U.S. and Canada....
By Mark Scott
August 21, 2019
UBM Buys Chicago-Based LSC Communications In $11.25M Deal
The transaction includes LSC’s commingle facility located in Aurora, which LSC acquired as part of the acquisition of RRD Print Logistics in July 2018....
By Mark Scott
August 20, 2019
HighTower Makes Strategic Investment In Lexington Wealth Management
LWM, which has $1 billion in assets under advisement, focuses on helping clients navigate life events by understanding the emotional aspects of their financial decisions. The business model aligns with HighTower's mission to support advisers and empower them to help their clients achieve their wealth aspirations....
By Mark Scott
August 19, 2019
Centerbridge Partners Makes Significant Investment In GoHealth
GoHealth was founded in 2001 by Brandon Cruz and Clint Jones, who will continue to lead the business and retain an ownership stake in the company following the completion of the transaction....
By Mark Scott
August 16, 2019
Communication Planning Is A Must When Making A Deal
Shannon Stucky Pritchett of FTI Consulting discusses the importance of a solid communications strategy upon the close of a transaction....
By Mark Scott
August 14, 2019
Fellowes Brands Buys Trendway Corp.
Itasca, Illinois-based Fellowes Brands has acquired Trendway Corp., a Holland-based company specializing in office furniture systems, movable walls and seating for work environments....
By Mark Scott
August 13, 2019
Apervita Buys Boston-Based Qcentive
The combined Apervita and Qcentive entity will operate under the Apervita brand with offices in Chicago and Boston....
By Mark Scott
August 12, 2019
Hazel Technologies Closes $13M In Series B Funding
A USDA-supported agricultural technology company delivering new solutions to combat food waste, Hazel's core technologies revolve around the release of active, shelf-life enhancing vapor from packaging inserts called sachets....
By Mark Scott
August 12, 2019
Core Spaces Agrees To Strategic Partnership With Goldman Sachs
Chicago-based Core Spaces has agreed to a strategic partnership with Goldman Sachs to recapitalize and develop a portfolio of nine assets, valued at more than $600 million....
By Mark Scott
August 12, 2019
Pulse Technology Buys Building In Schaumburg For New HQ
Pulse Technology has acquired a 36,500-square-foot facility in Schaumburg that is being retrofitted to serve as the technology company’s new corporate headquarters....
By Mark Scott
August 8, 2019
G&W Electric Buys Italy-Based Altea S.R.L.
With the demand for more advanced power grid technology, including higher accuracy sensors, this acquisition is expected to provide several opportunities to integrate product lines to achieve the demands for the future grid....
By Mark Scott
August 7, 2019
PNC Bank finances Life Fitness acquisition
PNC Bank, National Association, closed a $235 million senior secured credit facility to support New York-based KPS Capital Partners’ acquisition of Life Fitness, a manufacturer commercial fitness equipment and game tables that is headquartered in Rosemont, Illinois....
By Jayne Gest
August 7, 2019
Tricap Residential Group Buys Wisteria Nine90 Apartments
This $24 million deal will add another 323 apartments to Tricap's existing portfolio, increasing its total portfolio to over 2,500 apartments....
By Mark Scott
August 6, 2019
3 Rivers Capital buys Interlight
Pittsburgh PE firm 3 Rivers Capital has acquired Interlight, a family-owned and operated online distributor of specialty and replacement products that focuses on rare, hard-to-find light bulbs and batteries. 3RC will work to build on the value of the company, which is headquartered outside of Chicago, by collaborating with Interlight’s current management team....
By Jayne Gest
August 5, 2019
Tecum Capital and Akoya Capital buy Primetac
Pittsburgh’s Tecum Capital Partners and Chicago’s Akoya Capital Partners LLC have acquired Primetac Corp., in partnership with the founders and management team. The investment should help the distributor of industrial packaging materials become a larger and stronger national supplier of packaging tapes and related products....
By Jayne Gest
August 5, 2019
Cars.com Concludes Strategic Review With No Actionable Bids
The process lasted 10 months and involved 29 interested, prospective bidders, according to a news release....
By Mark Scott
August 5, 2019
Hub International Buys Insurance Center Of New England
ICNE, with locations in Agawam and Gardner, Massachusetts, provides insurance solutions for personal insurance, business insurance and group employee benefits....
By Mark Scott
August 5, 2019
InnerWorkings Buys Marketing Execution Segment of Madden Communications
Key contracts InnerWorkings will add through this transaction include management of the point of sale collateral and branded merchandise for MillerCoors and Mike’s Hard Lemonade, further growing InnerWorkings’ roster of brands in the beer, wine and spirits vertical....
By Mark Scott
August 2, 2019
Navigant to be bought by Guidehouse for $1.1B
Chicago-based consulting firm Navigant Consulting Inc. is set to be acquired by Guidehouse, a Washington D.C.-based management consulting firm for $1.1 billion....
By Adam Burroughs
August 2, 2019
Stuart Sorkin: No Secret Equation For Right Time To Exit
Stuart Sorkin talks about his journey rejuvenating Affy Tapple and the difficulty he faced making the decision to exit the business....
By Mark Scott
July 31, 2019
BDO buys Loughlin Management Partners
BDO USA LLP, an accounting and advisory firm, has acquired Loughlin Management Partners & Co Inc. This group will operate as BDO Consulting Group LLC, a separate legal entity and affiliated company of BDO USA LLP....
By Adam Burroughs
July 30, 2019
Northern Trust Asset Management to buy Belvedere Advisors
Investment manager Northern Trust Asset Management is set to acquire Belvedere Advisors LLC, which owns Emotomy, an open-architecture digital investment advice platform designed for financial professionals....
By Adam Burroughs
July 26, 2019
Harry Cendrowski: Due Diligence Critical To Successful Acquisitions
Harry Cendrowski, founding member and managing director at Cendrowski Corporate Advisors, discusses the evolving approach to due diligence in dealmaking....
By Mark Scott
July 25, 2019
Kuvare Unit To Buy Guaranty Income Life
Upon closing the transaction, Chicago-based Kuvare and its Bermuda-based reinsurance firm, Kuvare Life Re, will have pro forma consolidated assets exceeding $13 billion....
By Mark Scott
July 25, 2019
Pritzker Private Capital Completes Valicor Deal
Pritzker is investing alongside Valicor’s management team, which will continue to lead the business....
By Mark Scott
July 25, 2019
Wintrust To Buy Countryside Bank In $90.5M Deal
Countryside has $594 million in assets and six branches in the Chicagoland area....
By Mark Scott
July 23, 2019
GTCR sells Park Place Technologies stake to Charlesbank Capital
Since GTCR's acquisition in 2015, Park Place has achieved strong organic growth by expanding its salesforce and technical capabilities and entering new international markets....
By Adam Burroughs
July 23, 2019
LSC, Quad/Graphics Cancel $1.4B Merger
Last month, the Department of Justice announced that it had filed a suit in Chicago to stop Quad’s proposed acquisition of LSC, a $3.8 billion Chicago-based printer....
By Mark Scott
July 22, 2019
Etsy To Buy Reverb In $275M Deal
Acquiring the leading online marketplace for new, used and vintage musical instruments will enable Etsy to expand into a new vertical with a company that has a similar strategy and business model....
By Mark Scott
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 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
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 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
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
LBC Credit Partners supports acquisition for Silver Oak Services’ platform company
Philadelphia’s LBC Credit Partners, a provider of financing solutions to middle-market companies, provided senior secured credit facilities to support the acquisition of e+CancerCare by Integrated Oncology Network LLC, a portfolio company of Silver Oak Services Partners LLC, a private equity investment firm based in Evanston....
By Adam Burroughs
July 11, 2019
Cosaint Insurance bought by Hub International Limited
Cosaint Insurance Partners LLC, an independent insurance agency headquartered in Conshohocken, has been acquired by Chicago’s Hub International Limited, a global insurance brokerage....
By Adam Burroughs
July 10, 2019
Cheetah Digital Buys Denver-based Wayin
The acquisition is expected to strengthen Cheetah Digital’s ability to help marketers collect zero- and first-party data and preference insights that can drive more meaningful customer engagement....
By Mark Scott
July 10, 2019
Pritzker Private Capital To Buy Ohio-Based Valicor
Pritzker Private Capital is investing alongside Valicor’s management team, which will continue to lead the business....
By Mark Scott
July 10, 2019
Hillrom Sells Surgical Consumable Products Assets To Audax
The deal is expected to strengthen Hillrom's ability to focus resources across its portfolio and underscores the company's strategic focus on high-growth, high-margin categories where it can demonstrate leadership....
By Mark Scott
July 9, 2019
Elgin-Based HFRI Buys PARA HealthCare
HFRI is backed by Housatonic Partners, a San Francisco and Boston-based private equity firm....
By Mark Scott
July 9, 2019
Safco Dental Supply Sold to PNC Riverarch Capital
Safco is a distributor of brand-name and private-label dental supplies to independent dental practices throughout the contiguous U.S....
By Mark Scott
July 9, 2019
Mobile Doorman Closes On $6.5M Round of Expansion Capital
The latest funding round is expected to serve as a launching pad for new product feature developments aimed at unlocking additional revenue streams for property owners and managers, as well as the company's further expansion into the multifamily industry....
By Mark Scott
July 9, 2019
CIBC Agrees To Buy Milwaukee-based Cleary Gull
CIBC is based in Toronto, with its U.S. headquarters in Chicago. The company has 10 million personal banking, business, public sector and institutional clients....
By Mark Scott
July 9, 2019
Hub International Buys The Crichton Group
With TCG, Hub is creating a new regional Hub to be called Hub Mid-South, which will include Hub's existing operations in Tennessee, as well as Kentucky, with the goal of finding other strong partners in those states....
By Mark Scott
July 9, 2019
BRG Closes Deal To Buy Prism Healthcare
The combined group, BRG | Prism Healthcare, becomes one of the nation’s largest healthcare performance improvement consulting firms....
By Mark Scott
July 8, 2019
Pinnacle Dermatology Buys Bolingbrook Dermatology
Pinnacle is a portfolio company of Chicago Pacific Founders and has practice locations in Illinois, Indiana, Michigan and Minnesota....
By Mark Scott
July 3, 2019
JLL Income Property Trust Acquires San Diego Medical Office Campus
The property was acquired for $90 million, below its estimated replacement cost....
By Mark Scott
