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July 9, 2020

AB Bernstein’s Kara Lewis and Heather George on the seller fatigue factor

AB Bernstein's Kara Lewis and Heather George explores the seller mindset and how that might affect deal availability for buyers....

By Adam Burroughs

July 8, 2020

Popcom Crowdfunds $2.3M

PopCom, a Columbus-based smart vending and kiosk startup, has completed its second equity crowdfunding campaign....

By Adam Burroughs

July 7, 2020

Drive Capital contributes to Immuta's $40M funding round

Drive Capital is among the investors helping Boston-based Immuta, the automated data governance company,  secure $40 million in funding....

By Adam Burroughs

July 6, 2020

Bricker & Eckler acquires Ohio PACE, Energize Kentucky from The Greater Cincinnati Energy Alliance

Law firm Bricker & Eckler LLP has acquired the Ohio PACE and Energize Kentucky commercial PACE programs from The Greater Cincinnati Energy Alliance....

By Adam Burroughs

June 22, 2020

Installed Building Products buys Nationwide Gutter

Installed Building Products Inc., a Columbus-based national installer of insulation and complementary building products, has acquired Nationwide Gutter LLC, which expands its presence to multifamily and commercial customers throughout Texas and surrounding states....

By Jayne Gest

June 12, 2020

ChromoCare’s Hugh Cathey: It’s time for careful, creative thinking

It's a challenging business environment right now, which calls for care and out-of-the-box thinking. Hugh Cathey discusses what he’s seeing in today’s market through the lens of both business owner and investor....

By Jayne Gest

June 10, 2020

Aware raises $2.2M in venture funding

Nullable Inc., dba Aware, recently raised $2.2 million in venture funding in the form of convertible debt from undisclosed investors, bring the Columbus company’s total funds raised to date to $11.1 million through five rounds, PitchBook reports....

By Jayne Gest

June 10, 2020

Nationwide invests in Planck

Nationwide recently made a venture capital investment in Planck, which has created an artificial intelligence-driven data platform for commercial insurance. The funding, which was part of a $16 million Series B round, comes from Nationwide’s $100 million venture capital investment fund....

By Jayne Gest

June 5, 2020

BroadStreet Partners raises $100M in mezzanine financing

Penfund, an independent provider of junior capital to North American middle market companies in Toronto, recently completed a $100 million second lien debt and equity co-investment in Columbus-headquartered BroadStreet Partners Inc....

By Jayne Gest

June 3, 2020

Performance Dealerships buys Bobby Layman Cadillac GMC

The Performance Columbus Family of Dealerships including Honda Marysville, Honda Marysville Motorsports, Toyota Direct and Performance Chrysler Jeep Dodge RAM (Georgesville & Delaware) has acquired Bobby Layman Cadillac GMC of Fairfield County, Ohio....

By Jayne Gest

June 3, 2020

Salon Lofts raises funds

Salon Lofts Group LLC, a Columbus-headquartered operator of a beauty parlor chain, recently received $1.06 million of development capital from undisclosed investors, according to PitchBook....

By Jayne Gest

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

May 29, 2020

Advocate Solutions sold to KSM Consulting

Indianapolis-headquartered consulting firm KSM Consulting has acquired Advocate Solutions, a 25-year-old Columbus consulting firm specializing in public assistance contact centers, modernizing legacy applications and managing technology programs for state and local government agencies....

By Jayne Gest

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 15, 2020

Ice Miller’s Michael Jordan and Rob Ouellette: M&A and business in a turbulent market

Are deals dead? Ice Miller Partner Rob Ouellette says “no,” but they have taken on a different look. Ouellette and Ice Miller Managing Partner Michael Jordan share their thoughts on M&A and other issues C-suite executives are dealing with during the COVID-19 crisis....

By Dustin S. Klein and Jayne Gest

May 13, 2020

Deal Pulse: April M&A Activity in Central Ohio

The state of Ohio was under a stay-at-home order for the entire month of April, with many businesses shut down. While middle market M&A activity has severely slowed in Central Ohio, notable deals included Break Trail Ventures, Nationwide Ventures and Midwest Equipment Sales....

By Michael Shaw

May 5, 2020

Finite States raises a $12.5M Series A round

Finite State has raised $12.5 million in a Series A funding round, in order to scale its engineering team. The round was led by Energy Impact Partners, along with Zetta Venture Partners, cybersecurity veteran Niloofar Howe and other undisclosed investors....

By Jayne Gest

May 5, 2020

HR Gray sold to Anser Advisory

Orlando-headquartered Anser Advisory has acquired H.R. Gray, a 76 employee owner’s representative, construction management and dispute resolution firm based in Columbus....

By Jayne Gest

May 4, 2020

L Brands to spin out Victoria’s Secret after deal terminates

L Brands Inc. has agreed to allow Sycamore Partners to terminate its deal to buy Victoria’s Secret. The company plans to establish Bath & Body Works as a pure-play public company and prepare the Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK businesses to operate as a separate, standalone company....

By Jayne Gest

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 27, 2020

Seamless.AI raises $2.4M in funding

Seamless.AI, a Worthington-based provider of sales automation software, has raised $2.4 million of venture funding....

By Jayne Gest

April 24, 2020

Intellinetics purchases CEO Image Systems assets

Intellinetics Inc., a Columbus cloud-based document solutions provider, has acquired substantially all the assets of CEO Imaging Systems Inc., doing business as CEO Image Systems, a Michigan document solutions company....

By Jayne Gest

April 23, 2020

JAAS Systems Sells Manufacturing Software Business To Acumatica

Footprint Capital acted as the exclusive sell-side advisor to JAAS, working with both parties to consummate the agreement under a tight deadline for announcement at the 2020 Acumatica Summit earlier this year....

By Michael Marzec

April 22, 2020

Sycamore Partners wants to cancel pending Victoria’s Secret sale

Sycamore Partners has delivered notice to L Brands Inc. purporting to terminate the transaction agreement relating to the sale of a 55 percent interest in Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK....

By Jayne Gest

April 17, 2020

Deal Pulse: March M&A Activity in Central Ohio

M&A activity in Central Ohio continues to move forward despite the impact of the coronavirus on the markets and Ohio’s mandated shutdown of non-essential businesses and “shelter-in-place” orders given in March....

By Michael Shaw

April 8, 2020

Heartland Completes Purchase of Kentucky's Victory Community Bank

Whitehall-based Heartland BancCorp has completed its acquisition of Ft. Mitchell, Ky.-based Victory Community Bank for 58,934 shares of Heartland common stock and $35.5 million in cash....

By Michael Marzec

April 1, 2020

Grief completes CPG divesture, buys minority stake in Centurion Container

Greif Inc. has completed its divestiture of the Consumer Packaging Group business for $85 million in cash to Graphic Packaging Holding Co. The company also purchased in minority investment stake in Centurion Container LLC....

By Jayne Gest

April 1, 2020

Drive Capital’s Chris Olsen on how coronavirus impacts VC

Drive Capital partner Chris Olsen talks about the state of dealmaking, what portfolio companies should expect from their shareholders and his advice for investors....

By Adam Burroughs

March 31, 2020

Olive Raises $51M to Accelerate Health Care AI Product

Columbus-based Olive said it closed a $51 million funding round led by General Catalyst that will fund acceleration of its development of an artificial intelligence bot that manages administrative tasks for hospitals....

By Michael Marzec

March 31, 2020

Thayer Power & Communication Acquired By PE Firm

Thayer Power & Communication, a Pataskala-based provider of repair, maintenance and upgrade services for the utility and telecommunications industries, has been acquired by Calera Capital in partnership with management....

By Michael Marzec

March 23, 2020

Deal Pulse: Central Ohio companies active in health care tech

Central Ohio companies were active last month in transactions involving health care tech. Copper Run Capital's Michael Shaw shares what deal activity he's seen throughout February 2020....

By Michael Shaw

March 19, 2020

Cori Care, Absolute Care purchased by Caregiver Inc.

Caregiver Inc., a Fort Worth, Texas-based provider of long-term care services and supports to people with intellectual and developmental disabilities, has acquired four companies in Indiana, Ohio and Tennessee, including Cori Care and Absolute Care in Columbus....

By Jayne Gest

March 18, 2020

Washington Prime Group reduces its common dividend

Due to the heightened uncertainty relating to the duration and potential impact of the coronavirus pandemic, Washington Prime Group Inc. plans to enhance its overall liquidity position, which includes a further reduction of the company’s cash dividend for common shares and operating partnership units....

By Jayne Gest

March 12, 2020

The art and science of letting go

Sunsetting your career isn’t an easy transition — and the emotional issues are usually tougher to navigate than the financial or business concerns. BriskHeat Corp. President Dominic Federico and advisers from Wells Fargo Private Bank discuss what happens post sale....

By Jayne Gest

March 11, 2020

Nexus purchased by Medicus IT

Medicus IT, a health care-focused managed services provider based in Alpharetta, Georgia, has acquired Nexus Practice IT Services, a Columbus health care managed IT services provider....

By Jayne Gest

March 9, 2020

DHL Supply Chain’s North American headquarters sold

Arch Street Capital Advisors and VEREIT have acquired DHL Supply Chain’s North American Headquarters in Westerville. The property, located within the recently developed Westar Place Business Park, is a new, build-to-suit, 145,000 square foot class A office building....

By Jayne Gest

March 6, 2020

Ancora, NY-Based Macellum Takes 11 Percent Stake In Big Lots, Calls For New Board

Citing a number of strategic mistakes, an investor group has issued an open letter to shareholders of Columbus-based retailer Big Lots Inc. calling for a new board that it believes can maximize and return shareholder value....

By Mark Scott

March 4, 2020

Intellinetics Completes Equity And Debt Financing, Buys Graphic Sciences

Intellinetics Inc., a cloud-based document solutions provider, has closed an equity and debt private placement financing and raised a total of $5.5 million....

By Mark Scott

March 3, 2020

Hy-Tek Material Handling buys Johnson Stephens Consulting

Hy-Tek Material Handling Inc. has acquired Atlanta-based Johnson Stephens Consulting Inc., a supply chain operations consultancy serving retailers, wholesalers and distributors nationwide. With the transaction, a Hy-Tek consulting division was formed....

By Jayne Gest

March 3, 2020

Rev1 Ventures participates in Upshift’s $3.7M funding round

Cincinnati-based startup Upshift raised $3.7 million of Series A venture funding in a deal led by Indeed, according to PitchBook. Columbus startup studio Rev1 Ventures participated in the round....

By Jayne Gest

March 2, 2020

Installed Building Products buys Royals Commercial

Installed Building Products Inc. has acquired Royals Commercial Services Inc. in Millersville, Maryland. With approximately $10 million of annual revenue, the transaction expands IBP’s presence in the greater Baltimore and mid-Atlantic markets....

By Jayne Gest

March 2, 2020

Rocky Brands to repurchase shares

Nelsonville, Ohio-based Rocky Brands Inc.’s board has approved a new share repurchase program of up to $7.5 million of the company’s outstanding common stock....

By Jayne Gest

March 2, 2020

Veeam sale to Insight Partners completed

New York VC and PE firm Insight Partners has completed its acquisition of Veeam Software, a provider of backup solutions that deliver cloud data management, which has its Americas headquarters in Columbus. The company plans to move its headquarters to either Columbus or Atlanta....

By Jayne Gest

February 27, 2020

Michael Redd: Applying lessons from the NBA to the venture world

Michael Redd is often more concerned about the leaders than the product; if the product isn’t right, the company can pivot. The angel investor and venture partner shares what he's learned about investing and how his experience as a professional athlete in the NBA frames it....

By Jayne Gest

February 27, 2020

Greif to divest consumer packaging group

Greif Inc. has agreed to sell its consumer packaging group business for $85 million in cash to Atlanta-headquartered Graphic Packaging Holding Co. The Delaware, Ohio company expects to use the proceeds for debt repayment....

By Jayne Gest

February 26, 2020

Deal Pulse: Investors Back Columbus Tech Firms

Recently, investors made significant investments into Columbus-based tech companies that are forward thinking and utilizing new technologies in the marketplace. Copper Run Capital's Michael Shaw shares what deal activity he's seen throughout January 2020....

By Michael Shaw

February 26, 2020

Crash Champions buys Auto Body Collision & Glass

Crash Champions, a Chicago-based collision repair group, will acquire Auto Body Collision and Glass, a three location collision group in Columbus. Crash Champions will begin operations at these locations on March 2. The transaction marks the first out-of-state acquisition for the organization....

By Jayne Gest

February 25, 2020

READY Robotics closes Series B round with $23M in additional funds

Columbus-based READY Robotics Corp. has closed its Series B round with an additional $23 million in funding. The round was led by Canaan Partners, with participation from RRE Ventures, Eniac Ventures, Emerald Development Managers and Drive Capital, as well as new investors Micron Ventures and Greenhawk Capital....

By Jayne Gest

February 25, 2020

Pacejet sold to 3Gtms

3Gtms LLC, a global provider of Tier 1 transportation management software, has acquired Pacejet, a Columbus-based provider of enterprise cloud-based, multi-carrier shipping software....

By Jayne Gest

February 24, 2020

Green Growth Brands to sell CBD business

The BRN Group Inc. has agreed to acquire Green Growth Brands Inc.’s cannabidiol business. GGB and an affiliate of BRN have executed a “stalking horse” asset purchase agreement, where the BRN affiliate will acquire all assets and assume the current liabilities and certain other obligations of the CBD business....

By Jayne Gest