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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