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Philadelphia - Articles

August 21, 2019

IT Solutions Consulting buys SecurElement Infrastructure

IT Solutions Consulting Inc., a managed services provider, is acquiring Malvern-based MSP SecurElement Infrastructure Solutions....

By Adam Burroughs

August 21, 2019

Crossbeam Raises $12.5M Series A

Crossbeam, a collaborative data platform that allows companies to find overlapping customers and prospects with their partners, has raised $12.5M in a Series A financing led by FirstMark Capital with participation from its existing investors First Round Capital, Uncork Capital, and Slack Fund....

By Adam Burroughs

August 19, 2019

Arcline Investment backs Actera Ingredients

Arcline Investment Management, a private equity firm with $1.5 billion of capital under management, is making a strategic investment in Actera Ingredients....

By Adam Burroughs

August 16, 2019

Buying a business? Better have a plan

Companies preparing themselves for their first acquisition might appreciate Don Caldwell’s advice: “The plan comes first.”...

By Adam Burroughs

August 15, 2019

Renovacor gets $11M in Series A funding

Philadelphia-based Renovacor Inc. received an $11 million Series A financing co-led by Novartis Venture Fund, Broadview Ventures and BioAdvance, joined by New Leaf Venture Partners and Innogest Capital....

By Adam Burroughs

August 14, 2019

Jazz Pharmaceuticals buys Cavion in deal worth potentially $312.5M

Jazz Pharmaceuticals plc has acquired Cavion Inc., a clinical-stage biotechnology company, through a merger with a Jazz subsidiary is a deal potentially worth $312.5 million....

By Adam Burroughs

August 12, 2019

Armstrong sells ceiling tile business to Aurelius Equity Opportunities

Aurelius Equity Opportunities SE & Co., an asset manager based in Germany, is acquiring the ceiling tiles and grids businesses of Lancaster-based Armstrong in Austria, Estonia, Germany, Ireland, Italy, Latvia, Lithuania, Portugal, Spain, Turkey and the UK from Knauf International GmbH....

By Adam Burroughs

August 12, 2019

Balfour Beatty buys 300-unit Jacksonville apartment community

Malvern-based Balfour Beatty Communities has acquired Landings at Lake Gray, a 300-unit apartment community located in Jacksonville, Florida....

By Adam Burroughs

August 9, 2019

Joy Taylor On The Keys To Good Deal Prep

TayganPoint Consulting co-founder Joy Taylor talks about how she prepared to sell her business to Grant Thornton, and what she would do differently if she had it to do all over again....

By Adam Burroughs

August 8, 2019

Aqua America buys Campbell city’s water treatment plant for $7.5 million

The Ohio subsidiary of Bryn Mawr-based Aqua America Inc. is set to buy Campbell, Ohio’s water treatment plant and distribution system for $7.5 million. The system serves approximately 3,200 connections....

By Adam Burroughs

August 8, 2019

Entercom buys one podcaster, has deal on second

Entercom, a creator of live audio content and the home of the radio.com digital app, has acquired Pineapple Street Media, an independent producer of podcast content, and reached an agreement in principle to acquire Cadence13, a podcast creation and distribution company....

By Adam Burroughs

August 8, 2019

iPipeline bought by Roper Technologies

iPipeline, a provider of cloud-based software solutions for the life insurance and financial services industry is being acquired by Roper Technologies Inc, a diversified technology company....

By Adam Burroughs

August 8, 2019

TimelinePI bought by ABBYY

Philadelphia-based TimelinePI, a process intelligence platform designed to monitor and optimize business processes, has been acquired by ABBYY, a Content IQ technologies and solutions provider....

By Adam Burroughs

August 8, 2019

Sagent Auto, defi SOLUTIONS to merge

Sagent Auto LLC and defi SOLUTIONS-DE LLC, two auto lending technology and services, are merging. The resulting company will be known as defi SOLUTIONS and will have the financial backing of Warburg Pincus, Bain Capital Ventures, and Fiserv, Inc....

By Adam Burroughs

August 8, 2019

Keystone Biologicals bought by BioIVT

Keystone Biologicals Inc., a supplier of disease-state plasma, sera and controls, located in Hatboro, Pennsylvania, has been acquired by BioIVT in a deal expected to expand BioIVT's disease-state portfolio both by volume and product range....

By Adam Burroughs

August 6, 2019

Ilera Healthcare bought by TerrAscend Corp.

Cannabis company TerrAscend Corp. is set to acquire Plymouth Meeting’s Ilera Healthcare for a total consideration of between $125 million to $225 million....

By Adam Burroughs

August 6, 2019

Dot Family Holdings buys OmniCable

West Chester’s OmniCable is set to be acquired by a subsidiary of Dot Holdings Co (DHC), which is owned by Dot Family Holdings (DFH), and join its portfolio of companies....

By Adam Burroughs

August 6, 2019

NewRez, Shelter Mortgage, Russell Real Estate form Your Home Financial joint venture

NewRez LLC, Shelter Mortgage Co. LLC and Russell Real Estate Services form a joint venture called Your Home Financial....

By Adam Burroughs

August 6, 2019

Elemica sold by Thoma Bravo

Elemica, a leading cloud-based digital supply network headquartered in Wayne, is being sold by private equity firm Thoma Bravo to the Paris-based private equity firm, Eurazeo....

By Adam Burroughs

August 6, 2019

Aramark buys Good Uncle

Aramark, a food, facilities management and uniforms company, has acquired privately-held Good Uncle, an app-based on-demand food delivery service that brings meals to pick-up points around college campuses....

By Adam Burroughs

August 2, 2019

Campbell, KKR deal for Arnott’s realized

Proving earlier reports true, Campbell Soup Co. is selling Arnott’s and certain of Campbell’s International operations to KKR for $2.2 billion in cash, the final deal in the sale of its entire Campbell International division....

By Adam Burroughs

August 2, 2019

Temple University sells Fox Chase Cancer Center to Thomas Jefferson University

Temple University has agreed to sell Fox Chase Cancer Center to Thomas Jefferson University after months of negotiations, according to The Temple News, Temple University’s paper of record....

By Adam Burroughs

August 2, 2019

Thaddeus Bartkowski Took Control To Make Deals Work For Catalyst Outdoor

Thaddeus Bartkowski shares how taking deal matters into his own hands ultimately paid off for Catalyst Outdoor Advertising....

By Adam Burroughs

July 31, 2019

Roche, Spark extend offering period … again

Roche and Spark Therapeutics Inc. have again extended the offering period of Roche’s previously announced tender offer to purchase all of the outstanding shares of common stock of Spark....

By Adam Burroughs

July 31, 2019

PCS Retirement buys Aspire Financial Services

The combined 300-person organization will provide recordkeeping services to 16,000 plans and 750,000 eligible participants representing more than $23 billion in assets under administration....

By Adam Burroughs

July 30, 2019

Hamilton Lane closes $760M fund

Investment management firm Hamilton Lane has closed its Hamilton Lane Strategic Opportunities Fund V, which represents more than $760 million in commitments....

By Adam Burroughs

July 30, 2019

Boenning & Scattergood to buy Sweney Cartwright

Boenning & Scattergood is buying Sweney Cartwright & Co., a Columbus, Ohio-based broker-dealer. All Sweney Cartwright financial advisers and associates are expected to bring approximately $700 million of assets to Boenning & Scattergood in August 2019....

By Jayne Gest

July 26, 2019

What Tom Bonney Learned From Selling Two Businesses

After selling his first consulting business, Tom Bonney built CMF Associates from the ground up with a clear goal of selling to the right buyer. Here's what he learned....

By Adam Burroughs

July 26, 2019

Campbell reportedly selling Australian biscuit maker Arnott’s

New York private equity firm KKR & Co is reportedly closing in on a deal to acquire Australian biscuit maker Arnott's, according to The Sydney Morning Herald....

By Adam Burroughs

July 24, 2019

Pennsylvania Biotechnology Center launches Hatch BioFund Management investment arm

The Pennsylvania Biotechnology Center, a life science incubator, launched its Hatch BioFund Management LLC, a $50 million internal investment arm meant to support its early-stage companies....

By Adam Burroughs

July 24, 2019

InstaMed, JPMorgan Chase deal finalized

JPMorgan Chase & Co. has closed its acquisition of InstaMed, a health care payments company headquartered in Philadelphia. InstaMed Holdings, Inc. will operate as a subsidiary of JPMorgan Chase Bank N.A....

By Adam Burroughs

July 23, 2019

Vail Resorts buys 17 U.S. ski areas for $264 million

The acquisition includes 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....

By Adam Burroughs

July 18, 2019

BioAdvance’s Rick Jones: Look Beyond The Dollars When Investing In Biotech

Rick Jones, an internist-turned-entrepreneur who is now a partner at the VC firm BioAdvance, offers cautionary advice to investors who would let dollar signs block a more practical insight into biotech investing....

By Adam Burroughs

July 18, 2019

Frontline Education to buy Perennial EdTech

The Malvern-based provider of K-12 school administration software hopes the deal will help it expand the depth and breadth of problems addressed by its platform....

By Adam Burroughs

July 18, 2019

HKA acquires The Kenrich Group

The construction claims and dispute resolution firm picks up a business and litigation consulting firm with more than 100 professionals in 11 offices throughout the country....

By Adam Burroughs

July 17, 2019

Campbell’s selling Kelsen Group for $300M

Proceeds from the $300 million sale of the Denmark-based subsidiary will go toward debt reduction....

By Adam Burroughs

July 17, 2019

Crozer-Keystone owner Prospect Medical get $1.55B injection

Proceeds from the sale-leaseback of the company’s real estate assets in California, Connecticut and Pennsylvania will be used to retire the company’s existing term-loan debt....

By Adam Burroughs

July 16, 2019

MPD Chemicals bought by Entegris Inc.

The acquisition is expected to help Entegris continue to grow and diversify its engineered materials portfolio, which was recently expanded with the acquisition of Digital Specialty Chemicals....

By Adam Burroughs

July 12, 2019

Analytics, Not Your Gut, Are Best Judge Of Management

To figure out who’s the right fit for post-acquisition management, Tim Kardish relies not on gut instinct, but contemporary tools designed to assess the skillset, expertise and adaptability of the leadership team....

By Adam Burroughs

July 11, 2019

Tekni-Plex buys Geraldiscos

A Tekni-Plex subsidiary has purchased Brazilian closure liner manufacturer Geraldiscos, which will become part of Tekni-Plex's Tri-Seal business....

By Adam Burroughs

July 11, 2019

Community Loudspeakers bought in Biamp Systems deal

Community Loudspeakers based in Philadelphia, has been acquired by Biamp Systems, a supplier of professional audio and video solutions based in Beaverton, Oregon, through its purchase of Audioprof Group International from 3d Investors of Gent, Belgium....

By Adam Burroughs

July 11, 2019

Three-building purchase finalizes Teva Pharmaceuticals’ R&D campus in West Chester

Teva Pharmaceuticals USA Inc. has completed the purchase of three buildings on Brandywine Parkway in West Chester, which, together with three other buildings Teva owns in the same corporate park, firmly establishes a North America Research & Development campus focused primarily on biologics....

By Adam Burroughs

July 11, 2019

Orchestra BioMed completes $34M Series B-1 preferred stock financing round

New Hope-based Orchestra BioMed Inc., a biomedical innovation company working in procedure-based medicine, has completed a $34 million Series B-1 preferred stock financing....

By Adam Burroughs

July 11, 2019

LBC Credit Partners supports acquisition for Silver Oak Services’ platform company

Philadelphia’s LBC Credit Partners, a provider of financing solutions to middle-market companies, provided senior secured credit facilities to support the acquisition of e+CancerCare by Integrated Oncology Network LLC, a portfolio company of Silver Oak Services Partners LLC, a private equity investment firm based in Evanston....

By Adam Burroughs

July 11, 2019

Cosaint Insurance bought by Hub International Limited

Cosaint Insurance Partners LLC, an independent insurance agency headquartered in Conshohocken, has been acquired by Chicago’s Hub International Limited, a global insurance brokerage....

By Adam Burroughs

July 10, 2019

Polley Associates buys real estate institute from Hondros Education Group

Polley Associates School of Real Estate in Newtown Square, Pennsylvania, has acquired the Schlicher-Kratz Institute from Columbus, Ohio-based Hondros Education Group. The Montgomeryville acquisition is expected to bring new opportunities to real estate professionals throughout eastern Pennsylvania....

By Jayne Gest

July 9, 2019

Easton’s Victaulic buys Globe Fire Protection

Victaulic, an Easton-based producer of mechanical pipe joining solutions, has purchased Globe Fire Sprinkler....

By Adam Burroughs

July 9, 2019

AdaptHealth, DFB to merge

When AdaptHealth Holdings LLC merges with DFB Healthcare Acquisitions Corp., DFB will be renamed AdaptHealth Holding Corp. and the company then worth an enterprise value of approximately $1 billion will be listed on NASDAQ under a new ticker symbol....

By Adam Burroughs

July 8, 2019

Spark, Roche deal put on hold

Spark Therapeutics’ acquisition by Roche has been put on hold as the two companies agreed to extend the deadline for the Swiss drugmaker’s $4.3 billion takeover bid for the U.S. gene therapy specialist, according to Reuters. The report noted that Roche remains committed to a deal....

By Adam Burroughs

July 3, 2019

UGI to buy Columbia Midstream for $1.3B

The acquisition significantly expands UGI’s midstream portfolio and provides an opportunity to invest an additional $300 million to $500 million over the next five years at attractive returns....

By Jayne Gest