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July 9, 2020
Truist’s Jim Geuther says plan for the future despite the uncertainty
Truist's Jim Geuther explores the importance of adaptability in a time of disruption and uncertainty....
By Adam Burroughs
July 8, 2020
CBIZ Acquires Prince-Wood Insurance
CBIZ Inc. has acquired property and casualty insurance agency Prince-Wood Insurance L.L.C....
By Adam Burroughs
July 8, 2020
Snip Internet Acquires Rocket Fiber Residential Internet Services
Snip Internet's acquisition of Rocket Fiber LLC, from Everstream serves as an initial expansion for Snip as they open in additional markets throughout the Midwest in the coming months....
By Adam Burroughs
July 7, 2020
Sequoia Financial Group gets strategic investment from Kudu Investment Management
Sequoia Financial Group LLC gets a strategic investment from Kudu Investment Management, LLC, an independent provider of long-term capital solutions to asset and wealth managers. Financial terms were not disclosed....
By Adam Burroughs
July 7, 2020
Resilience Capital Partners Portfolio Company CR Brands Sells Laundry Brands
Resilience Capital Partners' portfolio company CR Brands Inc. has completed the sale of its Biz Stain & Odor Eliminator and Dryel “at home dry cleaning” product lines to Scott’s Liquid Gold, Inc....
By Adam Burroughs
July 2, 2020
Cyprium Partners’ Michael Conaton: Get Ready For EBITDAC
Cyprium Partners co-founder MIchael Conaton discusses where he thinks investors will look when they begin scrutinizing deals as the economy starts to recover and the rise of EBIDTA before COVID....
By Adam Burroughs and Mark Scott
July 1, 2020
PolyOne completes Clariant Masterbatch acquisition
PolyOne Corp. has completed its purchase of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd. PolyOne has also changed its name to Avient....
By Adam Burroughs
June 30, 2020
RVI sells Big Oaks Crossing shopping mall
Retail Value Inc. has sold Big Oaks Crossing in Tupelo, Mississippi, for $21 million....
By Adam Burroughs
June 25, 2020
Cyprium Partners makes non-control investment in Chief Enterprises Holding
Cyprium Investment Partners has completed a new preferred equity and subordinated debt investment in Chief Enterprises Holding LLC...
By Adam Burroughs
June 23, 2020
OverDrive to buy RBmedia assets
OverDrive, a Cleveland-based digital reading platform for libraries and schools, is acquiring the assets of RBmedia’s library business, including the RBdigital platform in North America, the United Kingdom and Australia....
By Jayne Gest
June 19, 2020
Bravo Wellness Acquires PUSH Wellness
Cleveland-based Bravo Wellness has acquired Chicago-based PUSH Wellness. The companies both provide personalized, progress-based health improvement goals that materially reward each program participant....
By Michael Marzec
June 19, 2020
All Pro Freight’s Chris Haas: Finding opportunities in the uncertainties
In an economy that’s going up and down, those uncertainties are what makes the commercial real estate business thrive, says Chris Haas, founder, president and CEO of All Pro Freight Systems Inc....
By Mark Scott and Jayne Gest
June 19, 2020
Group Management Services buys Corporate Business Solutions
Richfield, Ohio-based Group Management Services Inc. has acquired Corporate Business Solutions, a Georgia human resources outsourcing provider. The transaction will further extend GMS’ client base outside of Ohio and increase its presence in the Southeast....
By Jayne Gest
June 17, 2020
Champion ONE merges with Approved Networks
Champion ONE, a Cleveland-headquartered designer, marketer and supplier of optical networking components worldwide, has merged with Orange County, California’s Approved Networks and its affiliate, U.S. Critical....
By Jayne Gest
June 10, 2020
Chemtron buys Vexor Technology
Avon-headquartered Chemtron Corp., a portfolio company of Kinderhook Industries LLC, has acquired Vexor Technology LLC, a regional provider of non-hazardous waste processing services and alternative energy solutions located in Medina....
By Jayne Gest
June 9, 2020
NY-Based KKR Completes Deal To Buy OverDrive
OverDrive, a digital reading platform for libraries and schools, announced the completion of its acquisition by KKR, a New York-based global investment firm. In December 2019, KKR announced that it had agreed to acquire OverDrive from Rakuten....
By SBN Staff
June 8, 2020
Materion Agrees To Buy Optics Balzers In $160M Deal
With this acquisition, Materion intends to further accelerate its transformation into a global advanced materials solutions provider and significantly expand its geographic reach, extending beyond its core of North America to include Europe and Asia....
By SBN Staff
June 8, 2020
MRI Completes Deal To Buy UK-Based Castleton Technology
MRI’s acquisition of Castleton, along with that of Orchard Information Systems in March, extends its offering in the social housing market in the UK, Ireland and Australia. The combination is intended to boost MRI’s ability to empower social housing providers to adopt digital innovations and customer-centric technologies, while accelerating the development of cloud-based solutions for the sector....
By SBN Staff
June 4, 2020
BGL Advises Deal To Create EA-Synergy
Enhanced Healthcare Partners, a leading New York-based private equity firm specializing in middle-market healthcare businesses, facilitated the business merger of Synergy Surgicalists and EA Health Solutions through a joint recapitalization to form a new company, EA-Synergy....
By SBN Staff
June 3, 2020
Proformex’s Lou Schneeberger: Focus On The Fundamentals Now, Make A Good Deal Later
Business owners who can keep their companies afloat during a global pandemic will be quite attractive to investors when the economy begins to grow again, says R. Louis Schneeberger, executive chairman at Proformex....
By Dustin S. Klein & Mark Scott
June 3, 2020
JumpStart’s Jerry Frantz: Chaos And Uncertainty Will Eventually Create New Opportunity
A defining attribute of entrepreneurship is agility, the ability to nimbly maneuver through both adversity and opportunity, says JumpStart's Jerry Frantz....
By Jerry Frantz
June 3, 2020
HOF Village Completes Deal To Buy Youth Sports Management LLC
HOF Village LLC, the owner of the sports, entertainment and media enterprise surrounding the Pro Football Hall of Fame in Canton, has acquired the remaining 50% ownership rights of Youth Sports Management LLC, a joint venture established between HOFV and Legacy Global Sports in 2016....
By SBN Staff
June 2, 2020
Park Place Technologies Buys Missouri-Based Custom Hardware Engineering & Consulting
This is the second acquisition for Park Place Technologies in 2020 and its 14th since 2016. In January, Park Place acquired the network operations center of Cleveland-based IntelliNet....
By SBN Staff
June 1, 2020
VentureOhio closes; young professional program continuing
VentureOhio’s board has decided to sunset the trade association, which advocated for increased capital and greater collaboration. The decision to wind down VentureOhio came following CEO Falon Donohue’s departure earlier this year, assessing the impact of COVID-19 and recognizing Ohio’s regional entrepreneurial support organizations are well-positioned to advance VentureOhio’s mission....
By Jayne Gest
June 1, 2020
Nordson Buys Easton, Pa.-based Fluortek
Fluortek will become part of the Nordson MEDICAL product line within Nordson’s Advanced Technology Solutions segment. This acquisition is intended to build on the company’s strategic objective to grow Nordson MEDICAL’s product offerings serving the medical device market....
By SBN Staff
May 29, 2020
Tucker Ellis Advises Eagle Specialty Materials In Acquisition Of Wyoming Mining Assets
Tucker Ellis LLP partners Chris Hewitt and Jayne Juvan represented Eagle Specialty Materials LLC in its purchase of the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin in Campbell County, Wyoming, from Contura Energy Inc. and Blackjewel LLC....
By SBN Staff
May 29, 2020
Summa Health, Beaumont Health End Partnership Plans
The two organizations had been working over the last year to create a partnership, signed a definitive agreement in December 2019 and later received all necessary state and federal regulatory approvals....
By SBN Staff
May 28, 2020
Stratos Wealth Enterprises Makes Strategic Investment In Brown Wealth Management
Stratos Wealth Enterprises is a Stratos Wealth Network company that collectively oversees $13.9 billion in brokerage and advisory assets....
By SBN Staff
May 27, 2020
GE Lighting To Be Sold To Mass.-based Savant Systems
GE Lighting expects to remain headquartered in Cleveland and its more than 700 employees are expected to transfer to Savant upon completion of the transaction....
By SBN Staff
May 26, 2020
Cresco Labs Reaches Deal To Acquire Four Ohio Cannabis Dispensaries
Completion of the transaction is subject to approval by the Ohio Board of Pharmacy. Upon closing, Cresco would have a total of five dispensaries in Ohio – the maximum allowed by the state....
By SBN Staff
May 26, 2020
Splash Financial Closes $12.3M Series A Round
The capital raised is expected to help the company continue to expand its national brand, onboard additional lending partners and continue to focus on helping people save the most money on their student loans....
By SBN Staff
May 26, 2020
Riverside Agrees To Sell ActivStyle To AdaptHealth
During Riverside’s hold, ActivStyle became a leading direct-to-consumer supplier of incontinence and urological supplies with a culture based on integrity, teamwork and best-in-class patient service, growing the business to serve more than 65,000 patients across 48 states....
By SBN Staff
May 21, 2020
Oswald’s Bob Klonk: Supply Chain Risk Will Be A Critical Negotiating Point For Post-Pandemic Dealmaking
Health experts have stressed repeatedly that a COVID-19 vaccine is most likely at least a year away, a reality that will be on the minds of dealmakers at every turn, says Oswald Cos. CEO Chairman and CEO Robert J. Klonk....
By Dustin S. Klein & Mark Scott
May 21, 2020
Michael Feuer: Ready, Set, Stop!
The best-laid plans for deals, business and life often take a wrong turn, says Michael Feuer....
By Michael Feuer
May 18, 2020
Axuall, UH Collaborate To Streamline Clinical Workforce Deployment
Axuall and University Hospitals’ Ventures group began to work together in 2019 to identify opportunities to leverage blockchain and digital identity to fundamentally improve the way the health system attracts, verifies, and deploys clinical talent....
By SBN Staff
May 18, 2020
MAI Capital Buys NY-Based Grisanti Capital Management
The all-equity transaction is expected to build on MAI’s recent expansion to New York City and adds an experienced team of investment professionals to MAI’s ranks. The GCM acquisition closed on May 15, and is expected to increase MAI’s assets under management by over $225 million....
By SBN Staff
May 13, 2020
CrossCountry Mortgage Buys NJ-Based First Choice Loan Services
The deal is expected to enhance CrossCountry's strategic growth in several regions, as well as its consumer-direct component, says CEO Ron Leonhardt....
By SBN Staff
May 7, 2020
Tucker Ellis’s Brian M. O’Neill: The Future Of Dealmaking Post-Pandemic Will Need Time To Take Shape
As Ohio seeks to reopen its economy in the coming weeks, a significant number of businesses will face a daunting challenge to simply reopen their doors to customers, says Brian M. O’Neill, a partner at Tucker Ellis....
By Dustin S. Klein & Mark Scott
May 7, 2020
Mark A. Filippell: What Sellers Can Do When M&A Market Shuts Down
With all due respect to Admiral Farragut, his “Damn the torpedoes; full speed ahead” strategy will almost certainly fail in today’s COVID-19 M&A environment, says Mark Filippell....
By Mark A. Filippell
May 7, 2020
Everstream Reaches Strategic Agreement With Uniti Fiber In Milwaukee
In November 2019, Everstream first entered the Milwaukee market and is actively building its network, which will encompass more than 560 route miles of fiber when complete....
By Mark Scott
May 6, 2020
Evergreen Podcasts Secures $500K Investment
The $500,000 investment will help fund the working capital position of Evergreen and support the company's podcast industry expansion. As of 2020, the company has 34 podcast programs that have been downloaded in over 180 countries....
By Mark Scott
May 5, 2020
University Corners Retail Center Bought By Konover South In $3M Deal
A loan in the amount of $2.3 million was provided by KS Lending Corp., a Konover South company, and the center was acquired through Ten-X Commercial....
By Mark Scott
May 4, 2020
Brown & Brown Completes Deal To Buy Solon-Based Loan Protector Insurance
The Loan Protector operations will join with Daytona Beach, Florida-based Brown & Brown’s subsidiary, Proctor Financial, to operate as Proctor Loan Protector....
By Mark Scott
April 28, 2020
Riverside Co. Invests In Basic Fire & Safety
Based in Portland, Oregon, PSI is a provider of fire and life safety services in the Pacific Northwest. The company provides customers with fire and life safety services including system inspection, service and monitoring, equipment sales and cylinder repairs, as well as installations for new construction and retrofits....
By Mark Scott
April 27, 2020
MWE Sales recapitalizes with funding from Provariant, Tecum
Midwest Equipment Sales has taken on investment partners in order to grow the Columbus-headquartered business. The funding was led by Provariant Equity Partners, with investment from Tecum Capital Partners, the existing CEO and Centerfield Capital Partners....
By Jayne Gest
April 23, 2020
KJK’s Jon J. Pinney: The Deal Market Will Recover, But Big Changes Are Likely
The COVID-19 pandemic is bringing to life doomsday scenarios that even seasoned dealmakers like Jon J. Pinney dismissed as the stuff of Hollywood....
By Dustin S. Klein & Mark Scott
April 23, 2020
Jim Pshock: The Right Deal Begins With Knowing What You Want
Bravo Wellness Founder and CEO Jim Pshock shares his perspective on dealmaking after selling his business to Medical Mutual....
By Jim Pshock
April 23, 2020
Cyprium Investment Partners Closes Fifth Fund With $445M Of Committed Capital
Cyprium’s 90 past investments totaling $1.6 billion have supported growth, shareholder dividends and buyouts, ESOPs and minority recapitalizations....
By Mark Scott
April 22, 2020
Materion Announces Sale Of Large Area Coatings Business
The Mayfield Heights-based company has also initiated actions to close two facilities and consolidate the business within an existing facility to further drive down structural cost....
By Mark Scott
April 16, 2020
MRI Software acquire Castleton Technology PLC
MRI expects that, upon close, the acquisition will extend its residential market offering and accelerate the development of Castleton’s cloud-based technologies to serve the needs of social housing providers....
By Adam Burroughs
