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Columbus - Articles

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

September 18, 2019

NextChapter sold to Fastcase

Fastcase, a Washington D.C. legal publisher, has acquired NextChapter, the Columbus startup that creates cloud-based bankruptcy software for attorneys and paralegals. Fastcase plans to invest in NextChapter to create products that integrate legal research, dockets and news, for bankruptcy and beyond....

By Jayne Gest

September 18, 2019

Commercial Vehicle Group buys First Source Electronics

New Albany-headquartered Commercial Vehicle Group Inc. has acquired substantially all of the assets and certain liabilities of First Source Electronics LLC, an electronics systems integrator in Elkridge, Maryland, for as much as $44.75 million, subject to certain targets. CVG expects the strategic acquisition to contribute to its long-term growth and allow it to enter the warehouse automation market....

By Jayne Gest

September 17, 2019

Installed Building Products prices notes

Installed Building Products Inc., a Columbus-based installer of insulation and complementary building products, has priced its previously announced offering of 5.75 percent senior unsecured notes due 2028 at $300 million....

By Jayne Gest

September 16, 2019

F13 Works raises capital

F13 Works LLC has raised $250,000 in early-stage venture funding from undisclosed investors, according to PitchBook. The Columbus startup, founded in 2016 as a provider of an e-commerce distribution software intended to serve as the bridge between manufacturers and e-commerce stores, has raised $1.1 million to date....

By Jayne Gest

September 13, 2019

Ikove Takes High Risks For Big Returns In Tech Commercialization

Ikove Capital Partners keeps a low profile, investing at the founder level in companies that commercialize technologies in partnership with Midwest research institutions like Ohio State. By the end of next year, it expects to have 20-plus companies in a portfolio that already includes Nikola Labs, ParaGen Technologies and Cognovi Labs....

By Jayne Gest

September 12, 2019

Coastal Ridge Real Estate buys student housing from Chicago, Houston sellers

Coastal Ridge Real Estate purchased Sterling 920 Terrace, a 260-unit, 775-bed luxury student housing project near Arizona Statement University, in a joint venture with Canada’s iA Financial Group. The sellers were Houston-based The Dinerstein Companies and Chicago-based Harrison Street Real Estate....

By Jayne Gest

September 12, 2019

Hyperion to buy German-based AFC

Hyperion Materials & Technologies Inc., a Worthington-headquartered materials science company focused on the hard and superhard materials space for high-precision applications, has agreed to acquire Arno Friedrichs Hartmetall GmbH & Co. KG and its affiliates. The strategic transaction is intended to make Hyperion a leading player in cemented carbide blank production....

By Jayne Gest

September 12, 2019

Hometown Urgent Care purchases Springfield clinics

Hometown Urgent Care, Ohio’s largest urgent care and occupational health company, which is headquartered in Columbus, has acquired three clinics operated by Community Urgent Care in Springfield, Ohio. Hometown plans to consolidate its operations in Springfield into three clinics....

By Jayne Gest

September 11, 2019

Ohio Transmission Corp buys pump company

Ohio Transmission Corp., an industrial equipment service provider and distributor based in Columbus, has acquired Pumps, Parts and Service Inc., an industrial pump and repair company with service locations in the Southeast, one of the fast growing industrial areas in the country....

By Jayne Gest

September 11, 2019

Debt offering from Installed Building Products

Installed Building Products Inc., a Columbus-based installer of insulation and complementary building products, has launched an offering of $300 million in senior unsecured notes due 2028. IBP intends to use the net proceeds from the notes to repay a portion of the current borrowings under its Term Loan B credit facility, and for other general corporate purposes....

By Jayne Gest

September 9, 2019

Root raises $350M in Series E funding; now valued at $3.65B

This latest round, led by DST Global and Coatue, raises Root’s valuation to $3.65 billion and provides additional capital to accelerate growth in existing markets while expanding into new states and developing new product lines....

By Jayne Gest

September 9, 2019

AKSM raises capital

Columbus medical company AKSM Ltd. received $550,000 in development capital from undisclosed investors, for growth/expansion....

By Jayne Gest

September 6, 2019

Alpha invests in opportunity zone near Rickenbacker

Alpha Capital Partners, a Pittsburgh-based real estate investment firm with opportunity zone investment projects, has acquired Hamilton Creek Apartments, a 45-acre townhome-style multifamily property next to the Rickenbacker International Airport. Alpha plans to rebrand Hamilton Creek and spend $9 million in upgrades on the Columbus property....

By Jayne Gest

September 6, 2019

Mark Kovacevich: Culture Is King In Acquisitions

For Improving's Mark Kovacevich, the critical component to acquisitions has always been culture. “If the culture doesn’t work, the transaction is just not [going to work],” he says....

By Jayne Gest

September 6, 2019

The Savings Bank buys Helpbringer Mortgage

The Savings Bank of Circleville completed its purchase of Helpbringer Mortgage Services Inc. on Aug. 31, 2019. The acquisition of the Worthington-based mortgage company marks The Savings Bank’s first business venture in Franklin County....

By Jayne Gest

September 6, 2019

Before Buying, Consider Challenges As Well As Opportunities

Chris Gabrelcik always sees potential opportunities when looking to buy a company. But the CEO of Lubrication Specialties has to remind himself to bring a critical eye to the deal....

By Jayne Gest

September 5, 2019

Lightwell buys New York IT consultancy

Lightwell has acquired Leveraging Technology LLC, a Rochester-based IT consultancy. The transaction represents a significant opportunity to address the heightened demand for advanced integration and architecture expertise, while enabling the Dublin company to create greater strategic value for its customers....

By Jayne Gest

September 5, 2019

Grange, Pixel Perfect Ventures invest in analytics startup

TNEDICCA, a Columbus startup in location-based traffic crash intelligence and predictive analytics, has closed $750,000 funding round led by investment firm Pixel Perfect Ventures and Columbus-headquartered Grange Insurance....

By Jayne Gest

September 4, 2019

SPAGIO restaurant sold

SPAGIO, the Grandview restaurant and wine lounge founded by Chef Hubert Seifert and his wife, Helga, 38 years ago, has been sold to a Central Ohio-based restaurant group. Wine|Dine Holdings and cityBRANDS own and operate several restaurant concepts throughout the area, including The Wine Bistro, NAPA kitchen + bar and Katzinger’s Delicatessen....

By Jayne Gest

September 4, 2019

Boston REIT completes $90.5M of purchases in four markets

Plymouth Industrial REIT Inc. completed its previously announced acquisitions of industrial buildings in Chicago, Columbus, Cincinnati and Memphis, totaling 2.2 million square feet, for $90.5 million. The acquisitions were funded with proceeds from the company’s May equity offering, borrowings on its expanded credit facility and the assumption of existing mortgage loans....

By Jayne Gest

September 4, 2019

Safelite buys Auto Glass Specialists

Safelite® Group, a vehicle glass services and recalibration company and owner of Safelite® AutoGlass, has acquired the assets of Auto Glass Specialists. The single store location in Glenwood Springs, Colorado, will expand Safelite’s brick-and-mortar footprint in the area....

By Jayne Gest

September 3, 2019

ADS files for stock offering

Advanced Drainage Systems Inc., a Hilliard-headquartered global manufacturer of water management products and solutions, plans to issue the stock to help pay for its acquisition of Infiltrator Water Technologies....

By Jayne Gest

September 3, 2019

INEOS Enterprises buys local composite business

London’s INEOS Enterprises has acquired a composite business from Ashland Global Holdings Inc., along with a BDO facility in Germany. Ashland’s composites business will become INEOS Composites and be headquartered in Dublin....

By Jayne Gest

August 30, 2019

Taft Agrees To Merger Deal With Briggs And Morgan

Taft Stettinius & Hollister has agreed to merge with Briggs and Morgan, creating a firm under the Taft name of more than 600 lawyers spanning 12 offices across the U.S. The merger will take effect on Jan. 1, 2020....

By Mark Scott

August 29, 2019

Innkeeper Ellen Grinsfelder Finds The Right Buyer Second Time Around

The first time Ellen Grinsfelder tried to sell the Inn & Spa at Cedar Falls was a bust. Three years later, she sold it without ever having to list it. Here's how she did it....

By Jayne Gest

August 29, 2019

Abercrombie & Fitch reports dividend, repurchases shares

Abercrombie & Fitch Co.’s board has declared a quarterly cash dividend of $0.20 per share on its Class A common stock. It also repurchased 3.5 million shares during the second quarter....

By Jayne Gest

August 29, 2019

Designer Brands reports dividend

The board of Designer Brands Inc., one of North America’s largest designers, producers and retailers of footwear and accessories, declared a quarterly cash dividend of $0.25 per share....

By Jayne Gest

August 28, 2019

Green Growth Brands completes The+Source Henderson purchase

Columbus-headquartered Green Growth Brands Inc. has closed of its acquisition of Henderson Organic Remedies LLC, which was previously announced Dec. 14, 2018. The+Source Henderson is the second The+Source dispensary operated by GGB in greater Las Vegas....

By Jayne Gest

August 28, 2019

Greif reports third quarter results, dividend

Grief Inc.’s board declared quarterly cash dividends of $0.44 per share of Class A Common Stock and $0.66 per share of Class B Common Stock in its third quarter 2019 results report. The Delaware-headquartered industrial packaging products and services company also reports its 2018 acquisition of Caraustar Industries Inc. for $1.8 billion is providing more value than expected....

By Jayne Gest

August 28, 2019

Ilya Bodner blazes insuretech trail with Bold Penguin

Serial entrepreneur Ilya Bodner says every startup needs an idea, capital and great people. That's become the lens through which he makes all his decisions in building Bold Penguin, his fast-growing insuretech business....

By Jayne Gest

August 22, 2019

Green Growth Brands completes equity raise

Green Growth Brands Inc. closed its bought deal short form prospectus offering of units for C$50,225,000. This was GGB's first equity raise as a public company. The proceeds, combined with a $102.7 million backstop commitment, which was led by the Schottenstein family, will help the company deliver to consumers and provide product innovation in cannabis and CBD....

By Jayne Gest

August 21, 2019

BestTransport purchased by Canadian firm

Descartes Systems Group has acquired Columbus-headquartered BestTransport.com Inc., a cloud-based transportation management system provider focused on flatbed-intensive manufacturers and distributors, for $11.2 million. The deal should strengthen the Ontario company’s transportation management footprint....

By Jayne Gest

August 21, 2019

Alliance Data Modified Dutch Auction Tender Offer Results

Alliance Data Systems Corp. announced the final results of its modified Dutch auction tender offer. According to depositary Computershare Trust Company, N.A., 12,099,724 shares of Alliance Data common stock were properly tendered and not properly withdrawn at or below the purchase price of $162 per share....

By Jayne Gest

August 21, 2019

Courtyard Columbus-Worthington sold

Commonwealth Hotels LLC has bought the Courtyard Columbus-Worthington in order to expand its reach in the Columbus market through the Worthington property. The transaction is the Cincinnati-Northern Kentucky metropolitan area company’s fourth Courtyard and 21 Marriott hotel....

By Jayne Gest

August 21, 2019

How Advanced Drainage Systems Fast-Tracked Infiltrator Acquisition

CEO Scott Barbour grabbed the pole position, and never let his foot off the gas in his bid to close the $1 billion deal....

By Jayne Gest

August 19, 2019

Installed Building Products buys Therm-Con

Installed Building Products Inc., an installer of insulation and complementary building products, has acquired Therm-Con LLC and Foamtech Inc. With trailing 12-month revenue of $4.7 million, Therm-Con enhances IBP’s presence in markets throughout Tennessee and its surrounding states....

By Jayne Gest

August 19, 2019

Safelite Group to buy TruRoad

Safelite® Group has agreed to acquire the combined businesses of TruRoad, which includes COP TruRoad Parent LLC and COS SCS Parent LLC, from Dallas PE firm CenterOak Partners LLC. With this deal, Safelite will have increased capacity to expand its national footprint, accelerate growth and better serve its customers and clients....

By Jayne Gest

August 16, 2019

Alliance Data Systems modified Dutch auction, preliminary results

Alliance Data Systems Corp. announced preliminary results from its modified Dutch auction tender offer. According to depositary Computershare Trust Company, N.A., about 13.49 million shares of Alliance Data common stock were properly tendered and not withdrawn at or below the purchase price of $162 per share....

By Jayne Gest

August 16, 2019

VentureOhio’s Tabs Top 50 Startups To Watch

Columbus’ startup culture is bustling, with 24 Central Ohio companies called out by VentureOhio in its 2019 list of Ohio’s top 50 most promising startups. Northeast Ohio has 10 startups on the list....

By Jayne Gest

August 15, 2019

GhostWave's Dean Zody pinpoints route to commercialization

GhostWave founder Dean Zody discusses his company, which grew out of research at The Ohio State University, and its progress toward scale and commercialization....

By Jayne Gest

August 14, 2019

The Shipyard’s Smart Harbor purchased

Insurance Technologies Corp. has acquired Smart Harbor, a provider of digital technology solutions to insurance agents, which was owned by The Shipyard, a Columbus digital marketing agency. The acquisition will help the Dallas-area provider of websites, marketing, comparative rating and management software and services expand its service offerings....

By Jayne Gest

August 8, 2019

TEGNA completes purchase of Dispatch Broadcast Group stations

TEGNA Inc. has completed its acquisition of Dispatch Broadcast Group’s stations in Indianapolis and Columbus. TEGNA paid $535 million in cash for NBC affiliate WTHR in Indianapolis, CBS affiliate WBNS in Columbus, and WBNS radio (1460 AM and 97.1 FM), sports radio in Central Ohio. The deal helps TEGNA expand its portfolio of Big Four affiliates in top markets....

By Jayne Gest

August 8, 2019

Structuring Your Own Deal: 'They Thought We Were Nuts'

When the co-owners of Two Men and A Truck – Columbus came up with a unique plan to sell their franchise to an employee, their lawyers were skeptical. Very skeptical. But after two false starts, Gail and John Kelley sold the moving company's No. 2 franchise....

By Jayne Gest

August 6, 2019

Collaboration, corporates draw Heartland Ventures to Columbus

South Bend, Ind.-based Heartland Ventures, which focuses on connecting startups to corporations, picked Columbus out of 15 Midwest cities for expansion because of the corporate involvement in the city's collaborative early-stage community....

By Jayne Gest

August 5, 2019

New Media Investment Group To Buy Gannett, Take Name In $1.38B Deal

Upon closing, the deal would create the nation’s largest newspaper chain, as Gannett would own 263 daily newspapers across 47 states and Guam, as well as USA Today....

By Mark Scott

August 5, 2019

Agile Networks purchased; NCT Ventures exits

InSite Wireless Group LLC acquired a majority interest in Agile Networks, a provider of telecommunications solutions based in Canton. Agile’s largest stakeholder, Columbus VC firm NCT Ventures, exited in the deal....

By Jayne Gest

August 2, 2019

ZeoVation raises capital

ZeoVation Inc., which is spin out of The Ohio State University, has raised $780,000 of convertible debt financing from Rev1 Ventures and other undisclosed investors....

By Jayne Gest

August 1, 2019

ADS buys Infiltrator Water Technologies

Advanced Drainage Systems Inc. has acquired Infiltrator Water Technologies for approximately $1.08 billion, from an affiliate of the Ontario Teachers’ Pension Plan and other stockholders. The deal builds on ADS’ existing water management solutions platform and is an opportunity to expand into the on-site septic business....

By Jayne Gest

August 1, 2019

COHatch's Matt Davis Seeks To Connect Startups To Investors

The founder of COhatch discusses how it fits — or doesn’t — into the coworking space, and how he hopes to leverage the business to strengthen startup communities....

By Jayne Gest