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Columbus - Articles

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

May 13, 2019

British retailer to buy Certified Oil convenience stores, gas stations

EG Group will acquire Certified Oil and its 69 convenience stores and gas stations. The transaction will be an important step in building out the U.K.-based company's U.S. strategy....

By Jayne Gest

May 8, 2019

Delta Energy’s Sheri Tackett: A tale of Two Sales

Sheri Tackett wasn’t prepared when she sold Delta Energy in 2012. When it came time to sell Delta Energy Services three years later, she didn’t make the same mistake twice....

By Jayne Gest

May 6, 2019

Boston company acquires rights to Johnstown cannabis facility

Ohio Grown Therapies is building out its 32,000-square-foot cultivation and processing facility, which includes 15,000 square feet for two-tier cultivation and 7,500 square feet for processing....

By Jayne Gest

May 6, 2019

Gladstone Commercial purchases Inno-Pak building in Delaware

The 7.18-acre site is zoned for additional density, providing the opportunity to expand the facility by approximately 50,000 square feet....

By Jayne Gest

May 3, 2019

Pinnacle Treatment Centers acquires Addiction Medicine Care of Columbus

Pinnacle Treatment Centers has acquired Addiction Medicine Care of Columbus, an office-based opioid treatment program in Reynoldsburg, Ohio. AMC of Columbus is Pinnacle’s 18th OBOT in Ohio....

By Jayne Gest

May 1, 2019

Competitor Calios buys D.P. Dough, but calzone chain brand remains

The owners of D.P. Dough, the nation’s largest calzone franchise and third largest college-focused restaurant chain, have agreed to sell the Columbus-headquartered company to Calios, a 13-unit competing calzone chain. Each Calios restaurant will convert to D.P. Dough, growing the brand from 26 restaurants to 43 by fall 2019....

By Jayne Gest

May 1, 2019

Jim Grote opens EDGE Innovation Hub

The EDGE Innovation Hub, founded by Donatos founder Jim Grote, hosted its grand opening, the Columbus Dispatch reports....

By Jayne Gest

May 1, 2019

Drive Capital closes $307M fund, while raising another

Drive Capital has closed its third flagship fund at $307 million and raised nearly $251 million for its first overdrive fund, according to SEC filings....

By Jayne Gest

May 1, 2019

Joe DeLoss nearly got burned before making Hot Chicken Takeover a success

From nearly missing payroll to expanding too quick, the founder survived missteps on the way to building one of the area's hottest fast-casual restaurant chains....

By Jayne Gest

April 24, 2019

OTC's Philip Derrow: On ESOPs, culture and getting good advice

Ohio Transmission CEO Phil Derrow, talks about the challenges of ESOPs, openness during transactions and two important rules when making deals....

By Jayne Gest

April 23, 2019

AEP closes $1B purchase of wind farms, battery installation

American Electric Power’s renewable energy subsidiary, AEP Clean Energy Resources, completed its purchase of seven wind farms and one battery installation for about $1.05 billion....

By Jayne Gest

April 23, 2019

Transwestern Investment buys three industrial buildings in Columbus

Dallas-based Transwestern Investment Group has acquired a 1.5 million-square-foot industrial portfolio in Southeast Columbus....

By Jayne Gest

April 22, 2019

Hedge fund withdraws L Brands board nominees

Activist investor Barington Capital Group has agreed to withdraw its proposed L Brands board nominees. Instead, it will serve as a special adviser....

By Jayne Gest

April 18, 2019

Female founders on rise, as women-focused angel group disbands

Although X-Squared Angels disbanded at the end of last year as membership fizzled, early-stage and startup female founders appear to be on the rise. We talk to Cindi Englefield and Mary McCarthy of the Women’s Small Business Accelerator....

By Jayne Gest

April 15, 2019

Green Growth Brands abandons hostile takeover bid

Green Growth Brands Inc. has ended its hostile takeover attempt of Aphria, with an agreement to accelerate the expiration of its offer on Aphria shares....

By Jayne Gest

April 15, 2019

Lasting Impressions Event Rentals merges with The Alleen Co.

The new ownership brings almost 100 years of experience in the event rental world, with more customer options and expanded career growth opportunities for each company’s staff....

By Jayne Gest

April 11, 2019

Good Night Medical’s Alan Rudy beats the drum for integration

Before he closes any deal, Alan Rudy gets to work on his ‘integration checklist’ — a list of the hundreds of tasks his team will execute to ensure a smooth transition. Learn how the CEO puts integration front and center in every deal....

By Jayne Gest

April 10, 2019

Medrano, De Leon buy Ohio's largest Hispanic media company

Entrepreneurs Roland Medrano and Claudia De Leon have acquired TSJ Media, which operated as La Mega radio stations and La Jornada Latina newspaper. The new company will be called La Mega Media Inc....

By Jayne Gest

April 10, 2019

Ohio Transmission sold to Genstar Capital

Ohio Transmission Corp. has been acquired by Genstar Capital, a San Francisco private equity firm. The new owners will support OTC’s strategy of product and geographic expansion organically as well as through strategic acquisitions....

By Jayne Gest

April 10, 2019

Astute lands investment from Boston PE firm

Astute Inc. has received an investment from the Boston’s Audax Private Equity. This will allow the builder of AI-driven customer engagement software to continue to grow organically and through strategic acquisitions....

By Jayne Gest

April 9, 2019

PSI establishes Silicon Valley innovation hub with strategic investment

Proteam Solutions, an IT consulting and staffing firm, has invested in the San Francisco-based startup Akava. PSI will have access to Bay Area talent and resources through the software development studio....

By Jayne Gest

April 8, 2019

Deep Lens raises $14M in Series A funding round

Nationwide Children’s Hospital spinout Deep Lens Inc. closed a $14 million Series A funding round, led by Maryland VC firm Northpond Ventures....

By Jayne Gest

April 5, 2019

Rev1 Ventures hits $2B in economic impact in 6 years

In 2018 alone, Rev1 clients generated more than $123 million in revenue and attracted more than $157 million in capital to the region....

By Jayne Gest

April 3, 2019

MentorcliQ’s Phil George

CEO Phil George shares MentorcliQ’s growth story – which includes raising $5 million in capital — and offers his advice for other founders....

By Jayne Gest

April 1, 2019

ProBilt Services of Ohio acquired by Fontaine Modification

Truck upfitter ProBilt Services of Ohio, along with its 30,000 sq. ft. facility located less than half a mile from the Kenworth assembly plant in Chillicothe, has been acquired by Fontaine Modification....

By Adam Burroughs

April 1, 2019

Park National Corp., CAB Financial Corp. merge

Park National Corp. and CAB Financial Corp. have completed their merger, which folds CAB’s banking subsidiary in as a community banking division of The Park National Bank....

By Adam Burroughs

March 28, 2019

BrewDog USA’s crowdfunding model raises awareness along with money

Former CEO Tanisha Robinson explains how crowdfunding payed a key role in the beer maker's whirlwind growth in the U.S....

By Jayne Gest

March 28, 2019

Cincinnati developer sweeps up Columbus industrial properties

Cincinnati’s Neyer Properties has purchased two Columbus properties totaling 400,000 square feet of available industrial space, representing its second and third purchases in the Columbus market in the past six months....

By Adam Burroughs

March 26, 2019

Investors press change at Bed, Bath & Beyond

Bed, Bath and Beyond is fending off a group of activist investors, concluding Cleveland's Ancora Advisors, demanding significant changes, including replacing both its CEO and its entire board....

By Adam Burroughs

March 26, 2019

Crane's Screen Machine acquires Diamond Z

Partnering the two material processing companies will help Screen Machine address the growing need for mobile material processing machines across a variety of industries....

By Adam Burroughs

March 20, 2019

Scotts Miracle-Gro dumps its stake in TruGreen for $234M

Scotts Miracle-Gro Co. has sold its 30 percent stake in TruGreen to the majority owner for approximately $234 million in a move to reduce debt and maximize shareholder value....

By Adam Burroughs

March 20, 2019

Budd Dairy Food Hall: Finding the next Cameron Mitchell

The new venture, backed by Cameron Mitchell Restaurants, will help chefs grow their concepts and build their businesses....

By Jayne Gest

March 19, 2019

Installed Building Products to acquire 1st State Insulation

The deal adds approximately $8.8 million in annual revenue for the installation contractor, which has over 7,000 employees at more than 175 locations nationwide....

By Adam Burroughs

March 15, 2019

There is no ‘exit’ for restaurant investors

Investing in a restaurant sounds glamorous, doesn’t it? And that’s become truer as TV depicts chefs as rock stars. Veteran restauranteur Craig Barnum, who raised capital for his first restaurants more than 20 years ago, paints a different picture — one where there are no clear assets or exit timelines....

By Jayne Gest

March 15, 2019

PriorAuthNow raises $6.2M

Health care startup PriorAuthNow Inc. has received $6.2 million in funding from a Santa Monica-based investment firm, bringing its five-year total above $22M....

By Adam Burroughs

March 14, 2019

Chicago developer plans Columbus Castings project

CRG, the Chicago-based real estate development arm of Clayco Inc., is planning a major spec warehouse project at the former Columbus Castings property, according to published reports.CRG told The...

By Michael Marzec

March 11, 2019

DLZ grows in Midwest with Johnson & Anderson acquisition

Architecture and engineering firm DLZ Corp. has acquired Johnson & Anderson Engineers, a civil engineering firm that works in the areas of municipal, water and wastewater engineering, survey and construction services....

By Adam Burroughs

March 8, 2019

L Brands pressed to spin off Victoria’s Secret

Activist investor Barington Capital is urging L Brands to spin off its struggling Victoria Secret brand, in part to protect its thriving Bath & Body Works brand, which Barington says should be taken...

By Adam Burroughs

March 6, 2019

Startup future is bright — and diverse

Tom Walker talks about the startup climate and how Rev1 is encouraging startup diversity....

By Jayne Gest

February 27, 2019

Dan Manges: Root Insurance's journey to unicorn status

Dan Manges shares Root's high-speed capital raising journey and meteoric rise to unicorn status....

By Jayne Gest

February 27, 2019

Sarepta to buy Myonexus for $165M

Nationwide Children’s Hospital spinoff Myonexus Therapeutics, a clinical-stage gene therapy company, is being bought by Sarepta Therapeutics for $165 million....

By Michael Marzec

January 24, 2019

Alan Homewood: Saying no was more important than saying yes

Founder Alan Homewood discusses the growth and sale of 2Checkout. "I made pretty much every mistake it’s possible to make. If there’s a checklist of the mistakes an entrepreneur can make, I made about all of them.”...

By Jayne Gest

January 22, 2019

Lazear Capital’s Ted Lape on transparency, creativity and the rise of ESOPs

Ted Lape talks about transparency in dealmaking, when ESOPs make sense and his most memorable deals....

By Jayne Gest

December 20, 2018

ChromoCare’s Hugh Cathey learns from success — and failure

Master Dealmaker Hugh Cathey talks about what’s changed in M&A, one of his biggest deals and the importance of learning from career wins and losses....

By Jayne Gest

December 19, 2018

Will past performance predict next M&A downturn?

Greif's Matthew Leahy sees a disconnect between public and private market valuations. Public markets value businesses based on forward earnings, whereas private transactions are generally trailing. "Public market investors could be too bearish, but at the same time, it creates an interesting nuance,” he says....

By Aztek Dev