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November 14, 2019

GateHouse, Gannett merger approved

Shareholders, in separate votes, approved the plan for GateHouse Media parent New Media Investment Group Inc. to buy Gannett Co Inc. in a $1.2 billion stock and cash deal. The two companies own 19 Ohio newspapers, including the Columbus Dispatch, the Akron Beacon Journal and the Canton Repository....

By Jayne Gest

November 12, 2019

Longaberger intellectual property sold

Xcel Brands Inc. and Chicago-based Hilco Global have acquired the intellectual property of Longaberger. Xcel Brands, a media and consumer products company, will manage the American heritage home and collectibles brand out of its New York City headquarters going forward....

By Jayne Gest

November 12, 2019

Aon’s Vipul Patel explains the role of reps and warranties insurance

The use of reps and warranty insurance is on the rise, as it helps sellers walk away after a deal closes and gives buyers risk protection. Aon's Vipul Patel goes over the nuts and bolts of this M&A tool....

By Jayne Gest

November 12, 2019

Ohio Innovation Fund invests in Windpact

Ohio Innovation Fund, a Columbus venture capital firm, has invested in Windpact. The impact safety technology company is founded and led by Shawn Springs, a 13-year NFL veteran who played collegiately at The Ohio State University....

By Jayne Gest

November 12, 2019

Loop raises $10M Series A round

Loop, the Columbus e-commerce SaaS platform, has closed a $10 million Series A funding round. The funding will allow Loop to strengthen its proprietary technology, which focuses on automating a customer’s return service, and help the company further expand....

By Jayne Gest

November 11, 2019

Citrin raises $1M in angel funding

Citrin Holdings LLC, a Columbus provider of valet, porter and employee management services, has raised $1 million of angel funding from undisclosed investors, according to PitchBook....

By Jayne Gest

November 7, 2019

Robots, automation and AI, oh my!

Last month, participants in Columbus VC firm Drive Capital’s second robotics and automation summit — Devol’s Dance — spent the day exploring the future. While automation is critical to many of Drive Capital’s portfolio companies, two researchers shared how robots, overall, are changing the way we think and how we do our jobs....

By Jayne Gest

November 5, 2019

Esports company eFuse raises $1.4M seed round

eFuse, a web and mobile application that serves as the professional hub for esports and video games, has raised a $1.4 million seed round in preparation for the platform’s launch on Dec. 10, 2019....

By Jayne Gest

November 5, 2019

Drive Capital closes $350M fund

Drive Capital has successfully raised $350 million for its third flagship venture capital fund, according to SEC paperwork. The Columbus VC firm remains in the midst of raising its first opportunity fund....

By Jayne Gest

November 5, 2019

Worthington Industries Engineered Cabs sold

Angeles Equity Partners LLC, a Los Angeles private investment firm, has acquired Worthington Industries Engineered Cabs from Worthington Industries and Crenlo Cab Products LLC, with its Emcor and Siac do Brasil affiliates, from KPS Capital Partners LP....

By Jayne Gest

November 5, 2019

Germain Automotive purchases five dealerships

Germain Automotive, owned by Rick Germain, Paul Germain and John Germain, has acquired five Sonic Automotive dealerships located in the Georgesville Auto Mall at I-270 and Georgesville Road....

By Jayne Gest

November 4, 2019

Lancaster Pollard, Red Capital parent ORIX expands

ORIX USA has agreed to acquire the commercial real estate lender Hunt Real Estate Capital LLC. The acquisition combines the financial strength of ORIX USA and the complementary product offerings of ORIX Real Estate Capital brands — Columbus-headquartered Lancaster Pollard and Red Capital Group — with Hunt Real Estate Capital’s focus on multifamily investors....

By Jayne Gest

November 4, 2019

UTI sells company to ESOP trust

Utility Technologies International Corp., a service provider to the natural gas pipeline industry, has sold 100 percent of the company to an employee stock ownership plan trust. The selling shareholders saw an ESOP as a way to not only capitalize on their investment but ensure the cultural legacy of the company....

By Jayne Gest

November 1, 2019

Big Lots sells California distribution center

Big Lots Inc. completed the sale of its distribution center in Rancho Cucamonga, California, for $191 million. The facility was sold as a result of the company’s move to a new distribution center in Apple Valley, California....

By Jayne Gest

November 1, 2019

It took some hard lessons for Bob Grote to learn the best way to acquire companies

Bob Grote has been CEO of Grote Co. for more than a decade, but even after five acquisitions, he has to guard against deal fever. Grote discusses deal challenges and lessons learned....

By Jayne Gest

October 30, 2019

Vindex launches Esports Engine in Columbus

Columbus-based Esports Engine has launched under the umbrella of New York-headquartered Vindex, which obtained a $60 million Series A funding round from investors in the hedge fund and private equity world to scale its esports infrastructure platform....

By Jayne Gest

October 30, 2019

TRANSInternational System purchased

IMC Companies, an intermodal logistics business, has acquired Worthington-headquartered TRANSInternational System. The acquisition enhances the Memphis, Tennessee-based company’s existing national footprint....

By Jayne Gest

October 29, 2019

Apeks Supercritical sold to Rough Brothers

Apeks Supercritical, a Johnstown-based CO2 extraction manufacturer, has been acquired by Rough Brothers Inc., a Cincinnati greenhouse design and manufacturing company. The move allows Apeks to join forces with RBI and other companies to create a full-service solution in cannabis cultivation and processing....

By Jayne Gest

October 29, 2019

Safelite Group buys Quick’s Glass Service assets

Safelite Group, the Columbus-headquartered vehicle glass services and recalibration company and owner of Safelite AutoGlass, has acquired the assets of Quick’s Glass Service. The transaction will extend its footprint in the northern Central Valley of California....

By Jayne Gest

October 28, 2019

Walter | Haverfield buys Cleveland, Columbus law firms

Cleveland-based law firm Walter | Haverfield has acquired Hurtuk & Daroff Co., LLP, a Cleveland real estate and finance law firm with a nationwide practice and wide-ranging client base. Separately, Walter | Haverfield purchased Nardone Limited, a tax planning and business services law firm headquartered in Columbus....

By Jayne Gest

October 28, 2019

CFBank parent announces $25M capital raise

Central Federal Corp., the parent of CFBank, has agreed to issue up to $25 million in common and convertible preferred stock in a private placement to institutional and other accredited investors. The company intends to use the proceeds to fund organic growth of Worthington-headquartered CFBank, to support CFBank’s capital ratios and for general corporate purposes....

By Jayne Gest

October 25, 2019

Columbus Fair Auto Auction purchased

The XLerate Group has acquired Columbus Fair Auto Auction, which joins XLerate’s group of auctions. This transaction bolsters the Indianapolis-based company’s presence in the critical Midwestern market and its capabilities to service large fleet/lease and financial institution customers....

By Jayne Gest

October 22, 2019

The preparation with Myonexus pays off for Michael Triplett

Selling can be emotionally exhausting, but Michael Triplett knows extensive preparation was critical for the successful sale of Myonexus Therapeutics to Sarepta Therapeutics earlier this year. He looks back on the $165 million deal....

By Jayne Gest

October 21, 2019

Nationwide invests in Upstream Security

Upstream Security, an Israel-based company that provides cybersecurity for connected vehicles, raised $30 million in a Series B funding round backed by a prominent syndicate of investors, including some of the world’s largest OEM automotive vehicle manufacturers, insurance and fleet operators....

By Jayne Gest

October 18, 2019

Always on the lookout for opportunities, Rhett Ricart sees talent as key

Rhett Ricart, who has bought and sold a number of dealerships over the years for Ricart Automotive, shares his M&A strategies and how the family business is tackling succession planning....

By Jayne Gest

October 17, 2019

Piston Group buys Marion Industries

Piston Automotive, a subsidiary of the Piston Group formed by Detroit businessman and NBA legend Vinnie Johnson, has acquired Ohio-based Marion Industries, a Tier 1 assembler of brake modules for Honda of America. The deal expands Piston Automotive’s footprint into the Central Ohio region and further diversifies the company’s growing list of OEM customers....

By Jayne Gest

October 16, 2019

Tom Walker: Startups are destined to be the next corporates

The president and CEO of Rev1 Ventures shares three ways corporations are seeking to shape this trend and tapping into the forces of external entrepreneurship....

By Tom Walker

October 11, 2019

FMX gets strategic investment from Five Elms

Facilities Management eXpress, a facilities and maintenance management software platform, has received an undisclosed strategic investment from Five Elms Capital. The partnership with Five Elms will fuel the continued expansion of FMX....

By Jayne Gest

October 10, 2019

These sisters roll up their sleeves for the nitty gritty hard work of growing The W Nail Bar

Manda Mason and Lauren Hunter share the story behind their rapidly growing nail salon business, which includes a unique store-within-a-store partnership deal with DSW....

By Jayne Gest

October 8, 2019

Knowble Media purchased by SimpsonScarborough

SimpsonScarborough has acquired Knowble Media, a Columbus digital media agency that specializes in website design and video production for higher education. The strategic acquisition expands the Washington D.C. company’s list of services to include digital offerings in addition to research, strategy and creative....

By Jayne Gest

October 8, 2019

FedEx truck terminal sold to Sealy & Co.

Sealy & Company, a Dallas-headquartered commercial real estate investment and operating company in the industrial real estate market, has acquired a 252-dock door Class A truck terminal in West Jefferson. The facility’s accessible location and rapidly expanding bulk industrial submarket made it attractive to Sealy....

By Jayne Gest

October 8, 2019

Battelle sells DroneDefender assets

Dedrone, a San Francisco company that specializes in counter-small unmanned aircraft systems technology, has purchased all assets and intellectual property associated with DroneDefender from Battelle. Dedrone plans to launch a new consultancy that detects and classifies airspace activity, protects assets from drone threats and defeats adversary drones....

By Jayne Gest

October 8, 2019

Scotts Miracle-Gro prices senior notes

The Scotts Miracle-Gro Co. has priced an offering of $450 million for 4.5 percent senior notes due 2029. The company intends to use the net proceeds to redeem all of its outstanding 6 percent senior notes due 2023 and for general corporate purposes....

By Jayne Gest

October 7, 2019

Dawson & Associates sold to Cincinnati firm

Dawson & Associates LLC, a workers’ compensation boutique firm, has been acquired by Dinsmore & Shohl LLP. The move doubles Dinsmore’s workers’ compensation group in the Columbus area. Dinsmore now has 79 total attorneys in Columbus, and the firm is already the seventh-largest in the city....

By Jayne Gest

October 7, 2019

Stonehenge Partners sells MedVet stake

Stonehenge Partners sold a stake in MedVet Associates LLC to an undisclosed buyer, according to PitchBook. MedVet also received $56 million in financing at the end of September and has raised $276.64 million through corporate and PE growth/expansion deals since 2015....

By Jayne Gest

October 7, 2019

Worthington Industries Buys Heidtman Steel Processing Facility

The facility will complement Columbus-based Worthington’s network of facilities in Northeast Ohio, including its cold rolled steel processing facility in Cleveland and Samuel Steel Pickling Co., a joint venture, in Cleveland and Twinsburg....

By Mark Scott

October 3, 2019

Safelite's Tom Feeney: Speed, Focus Are Keys To Integration

After 100 deals during his time at Safelite, the CEO says he may have slowed the number of acquisitions, but he won't slow the pace of integrating the companies he does buy....

By Jayne Gest

October 3, 2019

Crawford Hoying buys downtown Dayton building

Dublin developer Crawford Hoying has purchased the Mendelson building on East First Street in downtown Dayton. Previously home to Mendelsons Liquidation Outlet, the more than 550,000 square foot, eight-story building will be the newest addition to the Water Street District....

By Jayne Gest

October 1, 2019

Licking County golf course sold

Compound Enterprises LLC, owned by family members Pat and Beth Kelly, along with Rob and Colleen (Kelly) Smith, finalized the sale of Forest Hills Golf Course in Heath. The families plan to invest in upgrades for the business, which had been owned by the Clifford Thornely family for 39 years....

By Jayne Gest

September 27, 2019

2019 Columbus Dealmaker Of The Year Awards

The Smart Business Dealmakers Conference brought together hundreds of entrepreneurs, investors and advisers at the Hilton Columbus Downtown on Sept. 25. During the conference, Smart Business...

By Jayne Gest

September 26, 2019

Radius sold to Texas technology company

TRUNO, a national provider of integrated retail technology solutions, intends to buy Columbus-headquartered Radius Solutions, in a strategic acquisition that comes as a part of the technology partner’s continuing expansion across the country....

By Jayne Gest

September 26, 2019

Installed Building Products closes note offering

Installed Building Products Inc., an installer of insulation and complementary building products, closed a private offering of $300 million in 5.75 percent senior unsecured notes due Feb. 1, 2028. In addition, the company entered into a new and increased $200 million asset-based lending revolving credit facility....

By Jayne Gest

September 24, 2019

Deal Veteran Mike Sayre Pulls Back Curtain With Lessons Learned

Innovative Leadership Institute President Mike Sayre shares lessons learned from decades of dealmaking....

By Jayne Gest

September 24, 2019

Vail Resorts closes deal for 17 US ski areas

Vail Resorts Inc. has closed its acquisition of Peak Resorts Inc. for $11 per share, which it announced in July. Vail Resorts has added 17 U.S. ski areas — including Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio, and Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania — bringing its total number of owned and operated resorts to 37 worldwide....

By Jayne Gest

September 23, 2019

Installed Building Products buys Northeast, MSI

Installed Building Products Inc., an installer of insulation and complementary building products, has acquired Northeast Spray Insulation Inc. and Minnesota Spray-Foam Insulation. With combined trailing 12-month revenue of $5.2 million, the acquisitions of Northeast and MSI should enhance IBP’s presence in two compelling housing markets....

By Jayne Gest

September 23, 2019

Ohio Transmission Corp buys Tennessee compressed air company

Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, has acquired Tennessee-based IDG Compressor. The transaction will help expand the company’s Air Technologies® reach into southern markets....

By Jayne Gest

September 23, 2019

Bold Penguin raises $32M in Series B funding

Insuretech startup Bold Penguin Inc. completed a $32 million Series B funding round. The Columbus company, which has raised $51.8 million to date, will use the funds to accelerate R&D by way of growing its employee roster, which doubled in the past year, and lay runway for firm’s expansion into specialty markets that insure high-risk segments....

By Jayne Gest

September 20, 2019

Gallagher buys Andrew Insurance

Arthur J. Gallagher & Co. has acquired Powell, Ohio-based Andrew Insurance Associates Inc. The deal helps Gallagher further build its presence in the Columbus area and brings the company additional strengths in practice areas that it is looking to grow and expand....

By Jayne Gest

September 20, 2019

Hugh Cathey: Smart Fundraising Requires Monitoring Market

Serial entrepreneur Hugh Cathey, now on his ninth startup with genetic testing company ChromoCare, shares his best practices for raising capital....

By Jayne Gest

September 18, 2019

ADS prices $350M in senior notes

Advanced Drainage Systems Inc., a global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, priced a private offering of $350 million in 5 percent senior unsecured notes due 2027....

By Jayne Gest