Cleveland - Articles
May 17, 2019
Blue Olive’s Ed Weinfurtner takes hands-on approach to investing
Ed Weinfurtner is a dealmaker who likes to get his hands dirty. If the company is being marketed for sale or has a book that pitches the acquisition opportunity, he’s not interested. “I’m trying to find a diamond in the rough,” he says....
By Mark Scott
May 17, 2019
NPK Construction Equipment buys Wisconsin manufacturer Genesis Attachments
The Walton Hills-based manufacturer bought the business from New York private equity firm KPS Capital Partners....
By Adam Burroughs
May 16, 2019
Lincoln Electric moves to acquire Askaynak
Lincoln Electric Holdings Inc. is purchasing an additional 49.6 percent interest in Turkish manufacturer Askaynak to advance its regional growth strategy....
By Adam Burroughs
May 16, 2019
Two Akron investment funds merge into $3M fund
Akron Fusion Investment Partners LP I, the largest fund to come out of the Akron region, is merging with the Akron Bioinvestment Fund II, growing the fund to $3 million and bolster its impact....
By Adam Burroughs
May 15, 2019
Cyprium joins deal for Uniloy Blow Molding business
Cyprium Investment Partners is joined by New York’s Osgood Capital Group in the acquisition from Milacron Holdings....
By Adam Burroughs
May 15, 2019
How to plan a successful recapitalization strategy
Recapitalization — the process of changing a company’s capital structure through the issuance of new debt or equity securities — is a popular way to fund acquisitions, growth strategies, partner...
By Mark Scott
May 14, 2019
Industrial Commercial Properties buys former Sears distribution center
Cleveland-based Industrial Commercial Properties LLC has acquired a 570,000-square-foot, former Sears distribution center on 42.8 acres, in the Columbus suburb of Groveport. This is ICP's fourth Sears property purchase since 2014....
By Jayne Gest
May 14, 2019
M&A Outlook: Transactions Can Prepare You For Future Change
The speed of change is relentless, and M&A has proved to be an effective means to move quickly to gain competitive advantage or defend against future disrupters....
By Monte Repasky
May 13, 2019
Embattled Bed Bath & Beyond CEO steps down
In the ongoing battle between activist investors, including Cleveland's Ancora, and Bed Bath & Beyond, the retailer's CEO has stepped down and been replaced by board member Mary Winston....
By Adam Burroughs
May 13, 2019
Diebold completes squeeze-out of German unit shareholders
The move, announced in November, streamlines and simplifies the company's corporate structure and eliminates Diebold Nixdorf AG as a separate corporate entity....
By Adam Burroughs
May 13, 2019
DRB Systems acquires Suds Creative
Akron’s DRB Systems, a car wash technology company, is acquiring Suds Creative, a car wash marketing company based in Meridian, Idaho....
By Adam Burroughs
May 10, 2019
Investors file suit against Bed Bath & Beyond in federal court
The investors vs. Bed Bath & Beyond saga continues as Legion Partners Holdings, one in a group of activist investors that includes Cleveland’s Ancora Advisors LLC, has filed a lawsuit against the retailer alleging it is subverting the rights of shareholders in the fight over the constitution of its board....
By Adam Burroughs
May 10, 2019
Wisr's Kate Volzer: Networking Makes Anything Possible For Your Startup
Kate Volzer, co-founder and CEO at Wisr, talks about her entrepreneurial journey that began as a student at the University of Chicago....
By Mark Scott
May 9, 2019
Compass Self Storage acquires 17th unit in Atlanta
Compass Self Storage, a member of the Amsdell family of companies, has acquired a self storage center in Buford, Georgia, which represents the 17th Compass Self Storage location in the Greater Atlanta area and its 89th location nationwide....
By Adam Burroughs
May 9, 2019
ASPIRE Dealmakers Conference Photos
The Renaissance Cleveland Hotel was the site of Northeast Ohio biggest CEO-focused dealmakers event on May 2. Check out 100+ photos from the event....
By Michael Marzec
May 8, 2019
CCL Label buys land from Strongsville for expansion
CCL Label is buying 23 acres of municipally owned land from its home city as it looks to expand and create between 110 and 150 new manufacturing, research and development jobs....
By Adam Burroughs
May 7, 2019
MCM's Mark Mansour: Stick To What You Know To Come Out Ahead
Mark Mansour was young, hungry and eager to establish his dealmaking credentials. Mal Mixon was an established entrepreneur who had already built a billion-dollar business at Invacare, but was always...
By Mark Scott
May 3, 2019
SportsTime Ohio, Fox Sport Ohio bought by Sinclair
Walt Disney Co. is being forced by the U.S. Department of Justice to shed some of the television properties it bought in its $72 billion takeover of 21st Century Fox....
By Adam Burroughs
May 3, 2019
Steven Santamaria: Getting To 'No' And Other Startup Secrets
The serial entrepreneur and CEO of Folio Photonics shares lessons learned from the business deals he’s made and explains why starting a business is a lot like going on vacation....
By Mark Scott
May 3, 2019
Cleveland Must Support Innovators To Drive Growth
If this region’s anchor institutions and large corporations are serious about economic development, they must partner with qualified entrepreneurs that can enable them to create, export and profit from locally developed innovation....
By Charlie Lougheed
May 3, 2019
Streetsboro Crossing shopping center changes hands
Streetsboro Crossing shopping center has been sold by New York-based Brixmor Property Group Inc. to an affiliate of Pine Tree LLC. Terms of the acquisition were not announced....
By Adam Burroughs
May 2, 2019
SunBridge sells off its Kyriba Japan Co. holdings
Beachwood venture capital firm SunBridge Partners is selling its holdings in Kyriba Japan Co., Ltd., the Japan Joint Venture between Kyriba Corporation and SunBridge, as part of Bridgepoint’s recent investment in Kyriba....
By Adam Burroughs
May 2, 2019
Blue Point acquires TAS Environmental Services
Blue Point Capital Partners is recapitalizing and acquiring its fourth Blue Point IV platform investment, TAS Environmental Services, a provider of specialized environmental and industrial services in the southwest United States....
By Adam Burroughs
May 1, 2019
Direct Recruiters, Direct Consulting merge
The sister companies are combining in a move designed to provide project-based, professional staffing and consulting support to Direct Recruiters' client base....
By Adam Burroughs
May 1, 2019
Automated Packaging Systems bought for $510 million
The Streetsboro-based manufacturer of flexible bag packaging systems is being acquired by Sealed Air for $510 million on a cash and debt free basis....
By Adam Burroughs
May 1, 2019
Akron’s Smithers Group sells Toxicology Services unit to BASi
Smithers is selling its Smithers Avanza Toxicology Services business unit in Gaithersburg, Maryland, to Bioanalytical Systems Inc....
By Adam Burroughs
April 30, 2019
Riverside invests in Alpha-H
The Cleveland-based private equity firm has invested in the Queensland-based developer and manufacturer of premium skincare products, including the Liquid Gold skincare line....
By Adam Burroughs
April 30, 2019
In Raising Capital, Who Invests Is As Important As How Big The Check Is
The serial entrepreneur and CEO of SPR Therapeutics talks about her process for raising capital, as well as the role non-dilutive capital has played in her fundraising formula....
By Mark Scott
April 29, 2019
Parker Hannifin acquires LORD Corp. in $3.7B cash deal
The move adds approximately $1.1 billion in annual sales to Parker’s engineered materials business....
By Adam Burroughs
April 25, 2019
JumpStart's Cathy Belk: Plan Your Exit Before You Start Your Business
You can’t start a business these days without planning your way out.For early-stage entrepreneurs, thinking about a potential exit from the business starts before the company is even launched.“Many of...
By Mark Scott
April 23, 2019
TalentLaunch's Aaron Grossman eyes $1B business via acquisitions
The CEO talks about the role process and discipline will play in reaching the ambitious goal he has set for his growing stable of staffing firms....
By Mark Scott
April 23, 2019
WTWH Media acquires EngineersGarage.com
EngineersGarage.com provides electrical engineers and college students with content within the electrical engineering field....
By Adam Burroughs
April 23, 2019
BGL advises Bakersfield Heart Hospital during sale
Brown Gibbons Lang & Co., through its Healthcare Investment Sales team, served as the exclusive adviser to Bakersfield Heart Hospital during its sale to The Sanders Trust....
By Adam Burroughs
April 22, 2019
Bed Bath & Beyond bows to pressure from Ancora, other investors
The retailer said it will transform its board, which will now comprise 10 directors, nine of whom are independent and six of whom are women. The investors responded that they were not impressed....
By Adam Burroughs
April 22, 2019
Hickok acquires Data Genomix
The Cleveland-based holding company has acquired social media marketing application assets from Data Genomix Inc., which is also based in Cleveland....
By Adam Burroughs
April 19, 2019
Foundation’s David Wood: Understanding Seller’s Needs Drives Better Deals
Foundation Investment Partners' David Wood talks about making smart acquisitions and the discerning approach he takes to dealmaking....
By Mark Scott
April 19, 2019
DCT Telecom sold to Atlanta's Momentum
The acquisition of DCT will add scale and geography to Momentum's growing cloud voice customer base. It also brings complementary managed broadband, internet and cloud voice capabilities....
By Michael Marzec
April 18, 2019
Ancora's DiSanto will keep pushing for change at J. Alexander’s
Ancora will continue pushing for change at J. Alexander's after the restaurant chain rejected the investor's takeover bid....
By Mark Scott
April 18, 2019
ScaleCo buys control of Budco Financial from Evolution
Scale Community Co. has made its first acquisition, snagging a Detroit-based payment plan program management company that serves the automotive industry....
By Mark Scott
April 18, 2019
Riverside Co. invests in HemaTerra Technologies
The Cleveland-based PE firm intends to build on HemaTerra’s product offerings by investing in new product development, enhancing sales and marketing, and pursuing strategic partnerships and combinations....
By Adam Burroughs
April 18, 2019
How valuation plays a critical role in dealmaking
Valuation work is never a one-size-fits-all proposition. It can be both quite varied and necessary for different business procedures....
By Ronald D. DiMattia
April 17, 2019
MAI Capital buys CCI Financial's wealth management business
The deal, MAI's second since taking on a minority equity partner, will increase assets under management by more than $100 million....
By Adam Burroughs
April 17, 2019
Brown Gibbons Lang shepherds Lumitec, Truck-Lite deal
Brown Gibbons Lang & Co.’s Diversified Industrials team has overseen the acquisition of Lumitec LLC by Truck-Lite Co. LLC as the exclusive financial adviser to Lumitec....
By Adam Burroughs
April 16, 2019
Capital-raising tips from a CEO who bagged $9 million in 90 days
XaTek CEO John Zak shares his approach to raising capital and the advantage of doing it all at once....
By Mark Scott
April 15, 2019
Align Capital Partners adds Fireguard to its Protegis platform
The Cleveland- and Dallas-based PE firm has acquired Maryland-based Fireguard to add to its Protegis Fire & Safety platform....
By Adam Burroughs
April 15, 2019
Eaton wraps up Ulusoy Elektrik majority acquisition
Eaton has completed the acquisition of an 82 percent controlling interest in Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S., a deal that accounts for 90 percent of the outstanding voting rights....
By Adam Burroughs
April 15, 2019
Aurora Plastics acquires Elastocon
Aurora Plastics has acquired compounder Elastocon TPE Technologies, expanding its product line and bringing broader TPE compounding capabilities to its portfolio....
By Adam Burroughs
April 12, 2019
NEO bioscience companies landed $294M in 2018
Dealmaking is hot in Northeast Ohio’s biomedical community, with 71 regional companies receiving $294 million in funding in 2018. BioEnterprise’s Aram Nerpouni explains how this dealmaking trend could become the “new normal.”...
By Mark Scott
April 12, 2019
Moreno all in on blockchain after selling 7 more dealerships
Bernie Moreno sold seven car dealership franchises last week, reinforcing his commitment to make Cleveland a central hub for blockchain technology....
By Mark Scott
April 11, 2019
Pin Oak Energy buys acreage for Utica shale development
Akron’s Pin Oak Energy Partners has closed a deal with SWEPI LP for approximately 43,000 acres prospective for Utica shale development in Northwestern Pennsylvania....
By Adam Burroughs
