Cleveland - Articles
June 14, 2019
Brett Lindsey: Inside Everstream's Sale to AMP Capital
After receiving 16 bids, Everstream CEO Brett Lindsey completed a deal in September 2018 to sell the fiber network for more than $330 million to a surprising buyer: Australia’s AMP Capital. Here’s an inside look at how the deal got done and Lindsey’s takeaways from the process....
By Mark Scott
June 14, 2019
Consolidated Precision Products recapitalizes
Berkshire Partners, a Boston-based investment firm, and Warburg Pincus, the company's current financial partner, have made investments intended to support CPP's long-term growth strategy....
By Adam Burroughs
June 13, 2019
Cedar Fair buys Texas water parks, resort for $261 million
Cedar Point's owner is set to acquire two Schlitterbahn water parks in Texas in an all-cash transaction, and has reserved the right to acquire a shuttered Kansas City water park....
By Adam Burroughs
June 12, 2019
RPM’s Tremco acquires Schul International Co., Willseal LLC
The pair of acquisitions adds a combined annual net sales of approximately $15 million that will be integrated into RPM’s Tremco Commercial Sealants & Waterproofing business....
By Adam Burroughs
June 10, 2019
How To Get Multiple Bites of the Apple
R. Louis Schneeberger, who has played a lead role in more than 100 acquisitions and the sale of more than 30 companies, looks at key considerations for how to sell your company multiple times....
By R. Louis Schneeberger
June 10, 2019
Housing services nonprofits merge
CHN Housing Partners and Neighborhood Housing Services of Greater Cleveland have merged under the CHN umbrella....
By Adam Burroughs
June 10, 2019
TPC Wire & Cable buys EZ Form Cable
The acquisition is intended to strengthen TPC’s position as a diversified supplier of high-performance wire and cable solutions to specialized, high-cost-of-failure environments....
By Adam Burroughs
June 7, 2019
Drips Ponders Best Path To Continued Growth, Liquidity
Co-founder and CEO A.C. Evans talks about lessons learned building a business without outside investors, and why it may be time to change that approach....
By Mark Scott
June 6, 2019
Ohio Ag expands with North Central acquisition
Ohio Ag Equipment, a farm equipment dealer based in Broadview Heights, is set to acquire the Huron County AGCO dealer, North Central Ag....
By Adam Burroughs
June 6, 2019
Riverside Acquires Champion Healthcare Technologies
The company will be combined with HemaTerra Technologies, a provider of SaaS-based solutions for independent and hospital-based blood collection centers and plasma collection centers, acquired by Riverside earlier this year....
By Mark Scott
June 5, 2019
ParkOhio closes Erie Press acquisition
ParkOhio, a provider of supply chain management services and highly-engineered manufactured products, has completed its acquisition of EFCO Inc., dba as Erie Press Systems....
By Adam Burroughs
June 5, 2019
BGL Handles Real Estate Sale Of Dialysis Center Portfolio
Brown Gibbons Lang & Co. announced the real estate sale of Bay Area Regional Dialysis Center Portfolio, consisting of two dialysis centers totaling approximately 20,861 rentable square feet, located in Saginaw and Essexville, Michigan....
By Mark Scott
June 4, 2019
Align Capital acquires BalticBerg for SEAM safety services platform
Align Capital Partners’ portfolio company SEAM Group has acquired BalticBerg Consulting, a Warsaw, Poland-based provider of resource management consulting services....
By Adam Burroughs
June 4, 2019
Riverside acquires Italian producer of mineral water and soft drinks
The Cleveland private equity firm The Riverside Co. has acquired Italy's La Galvanina, a fourth generation, family-owned producer of premium private label and branded mineral water and traditional and organic soft drinks....
By Adam Burroughs
June 4, 2019
ATI sells Cast Products business to Consolidated Precision Products
Pittsburgh-based Allegheny Technologies has agreed to sell its Cast Products business to Cleveland's CPP, which operates 16 global facilities manufacturing products primarily for the aerospace, defense and industrial industries....
By Jayne Gest
June 4, 2019
Multifamily Real Estate Assets Prove Lucrative for Citymark Capital
The real estate investor is realizing healthy returns for investors from its platform that invests in value-add apartments with operating partners....
By Mark Scott
May 31, 2019
Hyland's acquisition strategy fuels march to $1B in sales
CEO Bill Priemer and M&A chief Justin Torkelson talk about the software company’s acquisition strategy and the role dealmaking has played in putting Hyland on the cusp of being a $1 billion business....
By Mark Scott
May 31, 2019
Great Day adds Hartshorn as it pursues growth via acquisitions
Hartshorn custom designs and custom manufactures its pool and screen enclosure products at their Tampa facility, while Great Day Improvements will continue to custom manufacture its Patio Enclosures and Stanek Windows products at its Macedonia facility....
By Adam Burroughs
May 31, 2019
Italy's Tiberina Purchases 10 Acres Of Industrial Land
ICP, a Cleveland-based developer, and IRG, a real estate development and investment firm based in Los Angeles, originally acquired the property in 2014 from Detroit’s American Axle & Manufacturing Inc....
By Mark Scott
May 29, 2019
CapitalWorks takes majority stake in Libra Industries
As a leading EMS contract manufacturer serving the medical, aerospace and defense and industrial markets, Libra will complement fellow contract manufacturer GEMCITY Engineering and Manufacturing, a 2017 CapitalWorks investment....
By Adam Burroughs
May 29, 2019
Riverside invests in Germany's ACTINEO
ACTINEO is a provider of digitalization, invoice checking and predictive analysis services for bodily injury claims to insurance providers in Germany....
By Adam Burroughs
May 29, 2019
Super C Group buys 190 salons from Regis
The salons being sold and refranchised are currently branded as Famous Hair, Best Cuts, Fiesta Salons, First Choice Haircutters and BoRics Hair Care. They will be converted to Supercuts and Cost Cutters over the next several months....
By Mark Scott
May 28, 2019
In Business It’s Hard To Keep A Secret — A Complete Secret
When exploring the sale of your company, is it better to “deny, deny, deny” or employ a “don’t tell, don’t ask” policy?...
By Michael Feuer
May 28, 2019
Dan Gilbert hospitalized after suffering stroke
Rock Holdings and Cleveland Cavaliers owner Dan Gilbert was hospitalized Sunday after suffering a stroke while being treated at a Detroit-area hospital....
By Michael Marzec
May 24, 2019
Chris McKenna: How to get the most value from selling your business
The Carleton McKenna managing partner talks about pre-transaction strategy and how it can lead to a more lucrative exit for the seller....
By Mark Scott
May 22, 2019
ParkOhio to acquire Erie Press Systems
Erie Press is a manufacturer of advanced forging presses, hydraulic and mechanical presses, and metal stretch-forming and carbon extrusion machines for several end markets, including aerospace and defense, primary metals and high-speed rail....
By Adam Burroughs
May 22, 2019
Area Wide Protective buys Northern Colorado Traffic Control
The North Canton-based provider of traffic control services and equipment, has acquired a complementary traffic control company based in Greeley....
By Adam Burroughs
May 21, 2019
Riverside Invests In Naturally Slim
The Dallas-based company has a digital health platform focused on helping participants lose weight and lead healthier lives....
By Adam Burroughs
May 21, 2019
Akron’s Springside Partners to be acquired by Dakota Wealth Management
The acquisition of the female-founded Springside will allow Dakota to expand its brand in the Midwest....
By Adam Burroughs
May 21, 2019
Folio Photonics closes $8M seed round
The round was led by the early-stage, Cincinnati-based venture firm Refinery Ventures. Cleveland funders Pavey Investments and Capital One Partners also participated in the round....
By Adam Burroughs
May 21, 2019
Shaker International, Montage merge
The new company will work in the area of talent acquisition, embedding predictive intelligence into automated hiring workflows that enable better candidate experiences and “smarter” hiring decisions....
By Adam Burroughs
May 21, 2019
Ancora’s Brian Hopkins: Relationships Fuel Dealmaking Activity
The Ancora managing director talks about the role relationship-building plays in his dealmaking activity and the value of maintaining discipline....
By Mark Scott
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
