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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