Columbus - Articles
July 19, 2019
Alliance Data Systems Launches Dutch Auction Stock Buyback
The provider of data-driven marketing and loyalty services wants to buy back up to $750 million of its stock following the sale of one of its business units for $4.4 billion....
By Michael Marzec
July 17, 2019
Ice Miller’s Michael Jordan: Investor Appetite For Alternatives Remains High
Michael Jordan didn’t expect to become an expert in investor-side representation for alternative investments. He stumbled into the niche 22 years ago. Here's what he's seeing in the marketplace....
By Jayne Gest
July 15, 2019
AEP to buy three Oklahoma wind farms
If approved, total investment in the wind projects would be nearly $2 billion, inclusive of all costs....
By Jayne Gest
July 15, 2019
Ohio Basement Authority purchased
Groundworks Companies has acquired the Ohio Basement Authority and Florida Foundation Authority, both owned by Columbus entrepreneur Doug Secrest....
By Jayne Gest
July 15, 2019
Timber Trail Townhomes refinanced
Timber Trail SIG refinanced 12 two-story, garden-style buildings in Columbus with a Freddie Mac Small Balance Loan of $6.4 million from Hunt Real Estate Capital....
By Jayne Gest
July 10, 2019
Polley Associates buys real estate institute from Hondros Education Group
Polley Associates School of Real Estate in Newtown Square, Pennsylvania, has acquired the Schlicher-Kratz Institute from Columbus, Ohio-based Hondros Education Group. The Montgomeryville acquisition is expected to bring new opportunities to real estate professionals throughout eastern Pennsylvania....
By Jayne Gest
July 10, 2019
Green Growth Brands combines with MXY Holdings
Green Growth Brands Inc. has agreed to create a new Ontario limited partnership with MXY Holdings LLC, among others, where GGB will acquire the issued and outstanding units of Moxie in an all-equity interest transaction for around $310 million. The plan is to create the first 360-degree cannabis company....
By Jayne Gest
July 9, 2019
OCSiAl becomes unicorn company with $1B valuation
OCSiAl, which has its Americas headquarters in Columbus, was added to the CB Insights Global Unicorn Club, a list of startup companies valued at $1 billion or more. OCSiAl made the list after A&NN Investments, a Russian investment firm, acquired a 0.5 percent stake in the company for $5 million....
By Jayne Gest
July 9, 2019
Navigator Management Partners purchased by Avaap
Avaap has acquired Columbus-based Navigator Management Partners, a cross-platform management and technology consulting firm specializing in ERP systems, business intelligence and change management. The strategic acquisition expands the Edison, New Jersey, firm’s capabilities....
By Jayne Gest
July 3, 2019
Velosio buys Synergy Business Solutions
The strategic acquisition is intended to expand Velosio’s delivery model and strengthen its services industry offerings....
By Jayne Gest
July 3, 2019
Kentucky Hotel Operator Buys Courtyard Columbus-Dublin
Commonwealth Hotels, founded in 1986, provides hotel management services for branded full service and select service hotels....
By Michael Marzec
July 2, 2019
Alliance Data completes Epsilon sale
Alliance Data plans to use the net sale proceeds to repurchase shares and pay down corporate debt....
By Jayne Gest
July 2, 2019
Finance Fund plays vital investment role in local communities
Finance Fund connects underserved communities in Ohio with public and private sources of capital to improve access to healthy food, health care service, education and affordable housing....
By Jayne Gest
June 27, 2019
Wendy’s completes $850M securitized refinancing
The Wendy’s Co. has completed the sale of $400 million of senior secured Class A-2-I Notes at a fixed rate of 3.783 percent, and $450 million of senior secured Class A-2-II Notes at a fixed rate of 4.08 percent....
By Jayne Gest
June 26, 2019
MentorcliQ closes $6.3M in funding, led by Plymouth Growth
The Columbus-based employee mentoring software provider obtained the funding in a round led by Plymouth Growth Partners, an Ann Arbor, Mich.-based growth capital investment firm....
By Jayne Gest
June 26, 2019
Aggressive buyers fast-track due diligence in seller’s market
It’s a seller’s market, and large strategic buyers are being very aggressive — in some cases, short-cutting due diligence processes, says Wade Kozich, senior advisor with boutique investment bank Footprint Capital and senior director at GBQ Partners....
By Jayne Gest
June 25, 2019
Installed Building Products buys insulation companies
The installer of insulation and complementary building products adds approximately $12 million in annual revenue and enhances its presence in Minnesota and its surrounding states....
By Jayne Gest
June 25, 2019
Core Real Estate Capital invests in Connecticut Hilton
Core Real Estate Capital, a Columbus PE real estate firm, has partnered with Emerald Hospitality Associates and Nimbus Investment Fund, to acquire the Hilton Garden Inn Wallingford/Meriden, Connecticut hotel....
By Jayne Gest
June 24, 2019
Dynamix Energy Services, Dynamix Engineering sale closes
Bow River Capital has completed its acquisition of Dynamix Energy Services and Dynamix Engineering of Columbus. Bow River intends to run an energy services company to address the energy efficiency and long-term master planning needs of public entities....
By Jayne Gest
June 19, 2019
Hexion proposes $450M debt offering
The Columbus-based company plans to use the funds to repay its existing debtor-in-possession credit facilities and the other fees, expenses and distributions under its Chapter 11 bankruptcy....
By Jayne Gest
June 19, 2019
Navidea closes offering; raises $6M
Half of the shares sold in the offering were placed with John Kim Scott Jr., a principal stockholder in the company, who agreed to purchase shares at $0.75 per share....
By Jayne Gest
June 19, 2019
For Allison Finkelstein, cap tables play critical role in investing
Startup founders should focus on how to achieve reasonable growth to get the next round of funding, the experience angel investor says....
By Jayne Gest
June 18, 2019
Ohio Transmission Corp. buys Wisconsin, Minnesota companies
Furey Filter & Pump and PSI Engineering will continue to operate under their current names and with current management, including President George Furey and Vice President Jack Furey....
By Jayne Gest
June 18, 2019
Columbus Crew stadium plan ups public money investment
Columbus city leaders are calling for $140 million in public money, including funding from the city, Franklin County and the state of Ohio, for a new soccer stadium in the Arena District....
By Jayne Gest
June 17, 2019
Associated completes acquisition of Huntington’s Wisconsin branches
Associated Banc-Corp closed its acquisition of the Wisconsin branch banking operations of The Huntington National Bank for approximately $34 million....
By Jayne Gest
June 14, 2019
Wendy’s prices $850M securitized financing facility
The Wendy’s Co. has entered a purchase agreement where one of its indirect, special purpose subsidiaries will issue and sell $850 million in senior secured fixed rate notes....
By Jayne Gest
June 13, 2019
Navidea prices offering to raise $6M
Navidea Biopharmaceuticals has priced its previously announced public offering of 8 million shares of common stock at $0.75 per share. It intends to use the proceeds to fund its R&D programs and for general working capital purposes and other operating expenses....
By Jayne Gest
June 12, 2019
Columbus Coal & Lime purchased by Reading Rock
Columbus Coal & Lime Co. was acquired by Cincinnati’s Reading Rock Inc. in a private transaction. By combining resources with Reading Rock, a 70-year-old family owned and operated building materials company, Columbus Coal & Lime will enhance its product offerings while maintaining its customer service....
By Jayne Gest
June 12, 2019
Family offices grow in number and sophistication
Private banker Reese Fields discusses how family offices operate, including balancing privacy with connecting to potential investments....
By Jayne Gest
June 11, 2019
Toronto REIT closes purchase of New Albany logistics facility
Dream Industrial REIT has completed its acquisition of a 264,000-square-foot logistics facility in the New Albany International Business Park for $23.8 million....
By Jayne Gest
June 11, 2019
Wolfe family sells four broadcast properties for $535M
The Dispatch Broadcast Group has agreed to sell two television stations — Columbus CBS affiliate WBNS and Indianapolis NBC affiliate WTHR — as well as sports radio station, WBNS Radio, to Virginia-based TEGNA Inc. for $535 million in cash. TEGNA sees the acquisitions as an excellent strategic and financial fit....
By Jayne Gest
June 6, 2019
Rockbridge acquires downtown Philadelphia hotel
Rockbridge has acquired the 333-room Courtyard by Marriott Philadelphia City Avenue Hotel, which was recently renovated. Pinnacle Hotel Management will manage the hotel....
By Jayne Gest
June 6, 2019
Braxton Miller learns the Xs and Os of investing
Braxton Miller isn’t just putting time in on a football field these days. He’s turned to business — investing in and endorsing several brands....
By Jayne Gest
June 6, 2019
United Retirement Plan Consultants bought by Ascensus
Ascensus, a independent recordkeeping services provider, third-party administrator, and government savings facilitator, will immediately make URPC part of FuturePlan by Ascensus....
By Adam Burroughs
June 5, 2019
Quantum Health’s Kara Trott on raising capital without losing control
How the CEO of the health care company brought on three rounds of investors, while keeping control of the business she founded....
By Jayne Gest
June 4, 2019
irth Solutions recapitalizes under Gauge Capital
As part of the investment, two employees of Gauge Capital have joined the company’s board....
By Jayne Gest
June 4, 2019
Green Growth Brands enters Florida medical cannabis market with $55M acquisition
The acquisition of Spring Oaks Greenhouses brings with it a medical marijuana dispensary license and authorization to operate as a medical marijuana treatment center in Florida....
By Jayne Gest
June 3, 2019
OCLC to sell QuestionPoint software to Florida company
OCLC will also transfer all active subscriptions to Springshare. Through this acquisition, the Miami developer of reference software will extend its LibAnswers virtual reference software....
By Jayne Gest
June 3, 2019
Prime Equipment Group Acquired In $65M Deal
The manufacturer of turnkey primary and water re-use solutions to the poultry industry was acquired by Chicago-based JBT Corp....
By Mark Scott
May 29, 2019
Beam Dental raises $55M Series D round
The fast-growing dental benefits provider raised a Series D round led by Toronto PE firm, Georgian Partners. Columbus-based Drive Capital, which was involved in two previous funding rounds, participated in the latest capital raise as well....
By Jayne Gest
May 29, 2019
Ryan and Hoa McManus go full throttle with microtransit startup SHARE
After quietly raising $5 million, the microtransit business is expanding into Cleveland, Cincinnati, Detroit, Indianapolis and Dallas, with more cities on the way....
By Jayne Gest
May 22, 2019
Hilliard manufacturing incubator slated for former Rahal Racing facility
Converge Technologies, a commercial engineering firm, has committed to building a technology innovation and development capability in Hilliard. The founders of Converge recently purchased the former Rahal Racing research and development facility....
By Jayne Gest
May 22, 2019
Stonehenge's Peter Davies: How to buy in a peak market
The managing partner of Stonehenge Partners shares his approach to buying with multiples approaching a peak, and how buying strategies have changed in the current environment....
By Jayne Gest
May 20, 2019
Nationwide, State Auto Labs Invest In Virtual Claims Firm
Snapsheet, a provider of cloud-based insurance claims services, has closed $29 million in Series E funding led by Seattle-based Tola Capital....
By Mark Scott
May 20, 2019
Drive Capital invests in Clinc’s $52M Series B round
Ann Arbor, Mich.-based Clinc announced a $52 million Series B, which netted cash from Drive Capital, Insight Partners, DFJ Growth, Hyde Park Venture Partners and others. This brings Clinc’s total funding to $60 million and will help Clinc scale its conversational AI to new markets....
By Jayne Gest
May 17, 2019
Green Growth Brands raises $45M, closes Nevada deal
In addition to raising the general operating funds, the company completed its $13.4 million acquisition of a Pahrump, Nev., cultivation facility, its second in the state....
By Jayne Gest
May 16, 2019
Public Finance Resources bought by Forecast5 Analytics
Forecast5 Analytics has signed an agreement to acquire Public Finance Resources, the leading provider of financial forecasting services for Ohio local governments. Forecast5 plans to use the strategic acquisition to serve schools in Ohio and across the nation....
By Jayne Gest
May 15, 2019
Ohio State builds momentum for innovation district development
For years, the future of The Ohio State University west campus has been up in the air. That’s changing with the first three buildings planned for an eventual innovation district....
By Jayne Gest
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
Red Mortgage Capital closes $22M rural affordable portfolio
Red Mortgage Capital closed a $22 million joint venture portfolio that will be used to rehabilitate 14 properties in 12 rural Texas communities, preserving the affordability of 556 housing units....
By Jayne Gest
