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January 8, 2021

Dealmaker Conversations: Hugh Cathey

ChromoCare CEO Hugh Cathey shares his insights on the M&A market and his outlook for future dealmaking....

By Adam Burroughs

January 8, 2021

CareDx To Acquire TransChart

CareDx Inc. has agreed to acquire OSU spinout TransChart, a Columbus-based provider of electronic health record software supporting the needs of US transplant centers....

By Adam Burroughs

January 8, 2021

EverCommerce Acquires Updox

EverCommerce has completed the acquisition of Updox, a health care communication platform for in-person and virtual care....

By Adam Burroughs

January 5, 2021

A-1 Preferred Sources Acquires On The Mark Services

A-1 Preferred Sources has acquired On The Mark Services Inc....

By Adam Burroughs

December 11, 2020

Carlton D. Dean III on how the pandemic reshaped deal priorities

Carlton D. Dean III talks about how the pandemic has affected both the state of the market, and the state of his M&A thinking....

By Adam Burroughs

December 7, 2020

Basking Biosciences, Inc. Completes $5.4M Seed Financing

Basking Biosciences, Inc., a privately-held biopharmaceutical company, announced an initial closing of a $5.4M Seed Series financing....

By Adam Burroughs

December 3, 2020

Olive Acquires Verata Health

Olive is set to acquire Verata Health, a health care AI company....

By Adam Burroughs

November 26, 2020

ascena retail group Signs Asset Purchase Agreement with Sycamore Partners, $540m deal includes Lane Bryant

ascena retail group, inc. and certain of its subsidiaries has entered into an asset purchase agreement with Premium Apparel LLC, an affiliate of Sycamore Partners, a private equity firm specializing in consumer, retail and distribution investments, to sell ascena’s Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands....

By Adam Burroughs

November 23, 2020

GigCapital2 To Combine With UpHealth and Cloudbreak to Form Combined Company to List on the NYSE

GigCapital2, a Technology, Media and Telecom Private-to-Public Equity corporation, has entered into two separate definitive business combination agreements with each of UpHealth Holdings, Inc. and Cloudbreak Health, LLC, to form a combined entity....

By Adam Burroughs

October 30, 2020

Brock Leonti on the importance of intellectual capital

Perscribe FIT's Brock Leonti on what it’s like to be a startup during a pandemic, and how funders factor in to the company’s success during turbulent times....

By Adam Burroughs

October 28, 2020

Matic gets investment from Franklin Madison

Matic has received a strategic investment and partnership with Franklin Madison as part of it Series B funding round....

By Adam Burroughs

October 26, 2020

Credit Union of Ohio acquires First Choice Community Credit Union

First Choice Community Credit Union in Niles, Ohio, has agreed to merge into Credit Union of Ohio in Hillard....

By Adam Burroughs

October 2, 2020

Kassel Equity Group's Brett Motherwell on balancing dealmaking opportunity and risk

Kassel Equity Group Managing Partner Brett Motherwell talks dealmaking during the pandemic and the importance of careful deal structures to mitigate M&A risks....

By Adam Burroughs

September 30, 2020

Hilo Nutrition to be acquired by Highlander Partners

Highlander Partners, L.P., a middle-market private equity firm based in Dallas, Texas, has acquired Hilo Nutrition Inc....

By Adam Burroughs

September 29, 2020

Asset Strategies Group acquires Chute Gerdeman

Asset Strategies Group has acquired environmental design agency Chute Gerdeman....

By Adam Burroughs

September 28, 2020

ScriptDrop Raises $15M Series A

ScriptDrop received a $15 million Series A round led by the Ohio Innovation Fund....

By Adam Burroughs

August 7, 2020

Don’t overreact to short-term disruption, says COhatch CEO Matt Davis

COhatch CEO Matt Davis on his company's response to the pandemic and why long-term decisions shouldn’t be made in a crisis....

By Adam Burroughs

August 3, 2020

FocusCFO Raises Angel Funding

FocusCFO, a Columbus-based provider of CFO-level financial and management services for small and middle-market companies, recently raised $285,000 of convertible debt financing from undisclosed investors....

By Michael Marzec

August 3, 2020

7-Eleven set to acquire Speedway

As part of the agreement, 7-Eleven will acquire approximately 3,900 Speedway stores located in 35 states, for $21 billion in cash....

By Adam Burroughs

August 3, 2020

Kennedy Cottrell Richards and Rea & Associates set to merge

Rea & Associates Inc., a regional accounting and business consulting firm, is set to merge with Gahanna, Ohio-based firm, Kennedy Cottrell Richards....

By Adam Burroughs

July 30, 2020

Branch Secures $24 Million Series A

Branch, a technology-driven home and auto insurance company, has closed a $24 million Series A funding round co-led by Greycroft and HSCM Bermuda....

By Adam Burroughs

July 27, 2020

SMB Insurance Bought By Kernan Insurance Agency

Columbus-based online insurance agency SMB Insurance has been acquired by Kernan Insurance Agency of Powell. Terms were not disclosed....

By Michael Marzec

July 16, 2020

OPENonline Acquired By Universal Background Screening

Columbus-based OPENonline, a  provider of employment background checks and investigative services, has been acquired by Universal Background Screening of Scottsdale, Ariz. Terms were not disclosed.v...

By Michael Marzec

July 15, 2020

Thirty-One Gifts Gets Growth Capital From Kanbrick

Thirty-One Gifts founder Cindy Monroe has taken on a growth equity partner in Kanbrick, the investment firm led by former Waren Buffett deputy Tracy Britt Cool and Brian Humphrey. Terms were not disclosed.v...

By Michael Marzec

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