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June 15, 2020

The Pittsburgh Steelers have new minority owners

The owners of the Philadelphia 76ers and New Jersey Devils, Josh Harris and David Blitzer, have reportedly acquired small stake of less than 5 percent in the Pittsburgh Steelers, according to Bloomberg News....

By Jayne Gest

June 11, 2020

Barley Snyder’s Paul Mattaini on fed-up sellers and cautious buyers

Barley Snyder's Paul Mattaini offers his view of the state of dealmaking — both from the sell side and buy side — and his sense of what M&A will look like in the short term....

By Adam Burroughs

May 19, 2020

UBS Market Head Ted Durkin on capital flow, investments, vs. coronavirus

Ted Durkin, managing director and Pennsylvania market head for UBS talks about how the flow of capital has been affected by the pandemic, as well as some of the ways that investors have tried to preserve their portfolios....

By Adam Burroughs

May 15, 2020

iPipeline’s CEO Larry Berran sees M&A opportunity, but also caution

iPipeline CEO Larry Berran offers his take on M&A in a market covered by a fog of uncertainty and how being a portfolio company has affected his company's approach to dealmaking....

By Adam Burroughs

April 17, 2020

Daniel J. Hayes talks tempering expectations in life sciences capital raises

Tips from CLA's Dan Hayes on how life sciences founders can navigate some of the critical business steps that help them take their science to market....

By Adam Burroughs

March 16, 2020

Peoples acquisition completed by Essential Utilities

Essential Utilities Inc. has successfully completed the acquisition of Peoples, a Pittsburgh-based natural gas distribution company, in an all-cash transaction that reflects an enterprise value of $4.275 billion, including the assumption of approximately $1.1 billion of debt....

By Jayne Gest

March 5, 2020

PeopleShare co-founder Ryan Clark on acquisitions, lessons learned

When PeopleShare, through organic growth, hit a comfortable revenue number, CEO Ryan Clark began to wonder how big the staffing firm could get. That’s when acquisition, and a private equity recapitalization, became real and viable options....

By Adam Burroughs

March 5, 2020

Resilience Capital Partners-Backed LUX Global Label Buys Labelworx

This strategic acquisition is expected to broaden the operational capabilities of LUX Global Label, formerly known as National Label, into the high-growth area of digital printing while further diversifying its customer base and markets....

By Mark Scott

February 27, 2020

Minnotte Contracting purchased by Day & Zimmermann

Day & Zimmermann, a provider of construction, engineering, maintenance, staffing and defense solutions, has acquired Minnotte Contracting Corp., a Pittsburgh-based union mechanical contractor and construction company. The acquisition broadens D&Z’s union staffing and project management capabilities....

By Jayne Gest

February 19, 2020

Kevin McPhillips: Taking an interest in employee ownership

While there's a level of unawareness of how employee stock ownership plans truly work, grassroots efforts and education are starting to pay off with business owners. Kevin McPhillips of the Pennsylvania Center for Employee Ownership explains how....

By Jayne Gest

February 6, 2020

Richard Weaver on choosing the right recapitalization partner

AB Bernstein's Richard L.N. Weaver offers his perspective on what business owners should consider when pursuing recapitalization, including the importance of defining goals and choosing the right private equity partner....

By Adam Burroughs

January 31, 2020

Annovis Bio closes $13.8M IPO

Annovis Bio Inc. has closed its initial public offering of 2,000,000 shares of its common stock at the public offering price of $6 per share, and the full exercise by the underwriters of their option to purchase 300,000 additional shares, bringing the total number sold to 2,300,000 shares....

By Adam Burroughs

January 28, 2020

Alexion acquisition of Achillion complete

Alexion Pharmaceuticals Inc. has completed its acquisition of Achillion Pharmaceuticals Inc., a deal that was announced in December....

By Adam Burroughs

January 27, 2020

Harmony Biosciences lands $200M debt facility

Harmony Biosciences has completed a $200 million debt facility with OrbiMed Advisors to provide additional capital to fuel the company's continued growth....

By Adam Burroughs

January 27, 2020

Moody’s to buy RDC

Moody’s will be acquiring RDC from Vista Equity Partners. Located in the greater Philadelphia area, RDC has been a part of the Vista portfolio since September of 2016....

By Adam Burroughs

January 23, 2020

Charles Robins on the importance of deal prep

When selling a business, everything starts with the fundamentals — preparing historical financials, readying a data room, etc. But, according to Fairmount Partners Managing Director Charles M. Robins, it takes more than just the basics for a company to maximize its valuation....

By Adam Burroughs

January 23, 2020

AMS Fulfillment Holdings acquires EchoData Group

Fort Point Capital, a Boston-based private equity firm, announced that its portfolio company, AMS Fulfillment Holdings LLC, has acquired EchoData Group....

By Adam Burroughs

January 22, 2020

Adaptimmune Therapeutics to launch $84M IPO

Adaptimmune Therapeutics plc, which uses T-cell therapy to treat cancer, is pricing an underwritten public offering of 21,000,000 of its American Depositary Shares at a price to the public of $4 per ADS....

By Adam Burroughs

January 22, 2020

The Pennsylvania Trust Co. bought by Fiduciary Trust Company International

Fiduciary Trust Company International, a global wealth manager, is set to acquire The Pennsylvania Trust Company, a wealth management firm in the Philadelphia area....

By Adam Burroughs

January 22, 2020

Accupac acquired by Palladium Equity Partners

Palladium Equity Partners LLC, a middle market private equity firm, has acquired Mainland-based Accupac Inc., a provider of outsourced manufacturing and packaging solutions for the personal care and beauty markets....

By Adam Burroughs

January 21, 2020

Qlik buys RoxAI

Qlik has acquired RoxAI and its Ping intelligent alerting software....

By Adam Burroughs

January 21, 2020

Circonus raises $6.8M Series A1

Circonus has received a $6.8 million Series A1 investment to continue advancing its machine data intelligence platform and meet market demand for machine data intelligence across multiple industries....

By Adam Burroughs

January 21, 2020

Magna Legal Services acquires RecordTrak

Magna Legal Services LLC has acquired RecordTrak Inc. in King of Prussia. Magna Legal Services continues to expand its service line, Record Retrieval, by acquiring a provider in the litigation support space....

By Adam Burroughs

January 21, 2020

Radian Group sells Clayton Services to Covius Holdings

The sale is consistent with Radian’s strategic focus on its core mortgage and real estate businesses and reflects the repositioning of its services segment initiated in 2017....

By Adam Burroughs

January 17, 2020

Michael Mufson on determining value, finding investors in recapitalization

Recaps, a liquidity play, represent an estimated 75 percent of the private equity transactions taking place in the market today. Michael Mufson offers a closer look at recapitalization so owners can better understand the process....

By Adam Burroughs

January 16, 2020

Aqua America receives approval for People’s merger

Aqua America Inc., which is headquartered in Bryn Mawr, Pennsylvania, will take a new company name, Essential Utilities Inc., as of Monday, Feb. 3. The announcement comes after the Peoples acquisition received regulatory approval at the Pennsylvania Public Utility Commission’s Jan. 16 meeting....

By Jayne Gest

January 15, 2020

Report: Duane Morris explores merger with Satterlee Stephens

Philadelphia-based law firm Duane Morris is reportedly discussing a merger with New York law firm Satterlee Stephens, according to Law.com....

By Adam Burroughs

January 14, 2020

Fairmount Partners advises Insight Workforce Solutions in sale to Kelly Services

Fairmount Partners, a middle-market investment bank, served as the exclusive financial adviser to Insight throughout the transaction....

By Adam Burroughs

January 14, 2020

McMahon Leasing bought by The Bancorp

The McMahon Leasing acquisition expands The Bancorp’s footprint to the southeastern Pennsylvania region....

By Adam Burroughs

January 13, 2020

Merger set between Pepper Hamilton, Troutman Sanders

The new law firm, Troutman Pepper Hamilton Sanders LLP, or “Troutman Pepper,” will have 1,100 attorneys in 23 offices across the country....

By Adam Burroughs

January 13, 2020

Pennsylvania Dermatology Partners acquires Boulevard Dermatology

Pennsylvania Dermatology Partners has added Boulevard Dermatology to its network, expanding its presence to 15 offices in the Greater Philadelphia region and Lehigh Valley....

By Adam Burroughs

January 13, 2020

Kistler Tiffany Benefits acquired by Atlanta’s OneDigital

OneDigital, an Atlanta-based strategic advisory firm focused on driving business growth, has acquired Kistler Tiffany Benefits, which is headquartered in Berwyn....

By Adam Burroughs

January 9, 2020

Baker Tilly’s Fred Massanova on not getting derailed by deal pace

Faster deal pace has led to shorter diligence processes at a time when that process has become more demanding. Baker Tilly's Fred Massanova offers a some advice for staying on track when buying a business....

By Adam Burroughs

January 9, 2020

AMETEK’s Reading Alloys business sold to Kymera International

AMETEK Inc. is selling its Reading Alloys business to Raleigh, North Carolina’s Kymera International....

By Adam Burroughs

January 8, 2020

Onspira Therapeutics bought by Altavant Sciences

Onspira Therapeutics, a private drug development company based in Wayne, is being bought by Altavant Sciences, a clinical-stage biopharmaceutical company....

By Adam Burroughs

January 7, 2020

Frontenac buys Prime Technology Group

Frontenac, a Chicago-based private equity firm, has acquired Prime Technology Group, a provider of outsourced application development and managed software solutions for complex, highly regulated industries from Renovus Capital Partners....

By Adam Burroughs

January 6, 2020

Tridex Technology acquired by Glebar

Philadelphia-based Tridex Technology Ltd has been acquired by Glebar Company, a precision grinding solutions organization....

By Adam Burroughs

January 6, 2020

Rapid Learning Institute bought by BTS GROUP

With the acquisition of Rapid Learning, BTS will gain a library of more than 200 proprietary learning modules centered on five- to seven-minute research-backed videos, and in addition a collection of more than 2,500 articles on leadership and sales authored by the company’s editorial team....

By Adam Burroughs

January 3, 2020

2020 shaping up to be a great deal year, with some caveats

Following 2019's strong dealmaking year, the expectation is an even stronger M&A market in 2020. However, as Griffin Financial Group’s John Lee notes, there may be uncertainties ahead that could prove disruptive....

By Adam Burroughs

January 2, 2020

Christie & Young joins Burns White

The 13 attorneys and 12 support staff from Philadelphia-based Christie & Young PC have joined the Pittsburgh firm Burns White LLC. This expands Burns White’s reach in the Philadelphia metropolitan area and should enhance the firm’s already robust health care and professional liability practice areas....

By Jayne Gest

January 2, 2020

PMC completes purchase of Lanxess assets

Mount Laurel, New Jersey’s PMC Group N.A. Inc. and Lanxess Organometallics GmbH report that PMC has acquired Lanxess’ organotin specialties product line....

By Jayne Gest

January 2, 2020

Janssen Pharmaceutical acquires rights to XBiotech’s bermekimab compound

The Janssen Pharmaceutical Companies of Johnson & Johnson has acquired all rights to the investigational compound bermekimab, which has multiple dermatological indications, along with certain employees, from XBiotech Inc., for $750 million....

By Adam Burroughs

January 2, 2020

NFI acquires G&P Trucking

The G&P acquisition is expected to strengthen NFI’s asset and non-asset solutions and expand its Southeast footprint....

By Adam Burroughs

January 2, 2020

MotiveX acquired by Cravety

The MotiveX acquisition reflects Cravety’s expansion into technology solutions and its push toward leadership in the employee experience and customer experience markets....

By Adam Burroughs

December 27, 2019

Philadelphia 2019 Dealmaking Year In Review

With 2019 just about over, we’re taking a look back at some of what we learned this year....

By Adam Burroughs

December 23, 2019

Achillion Pharmaceuticals to be acquired by Alexion Pharmaceuticals

Under the terms of the agreement, Alexion will acquire Achillion for an initial consideration of approximately $930 million, or $6.30 per share in cash for each share of Achillion common stock....

By Adam Burroughs

December 23, 2019

Zafgen, Chondrial Therapeutics to merge

The proposed merger will result in a combined publicly traded, clinical-stage biopharmaceutical company operating under a new name, Larimar Therapeutics Inc....

By Adam Burroughs

December 23, 2019

FS/KKR Advisor LLC merges four development companies

FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit Advisors LLC, is closing the mergers of four non-traded business development companies....

By Adam Burroughs

December 19, 2019

Equity funding up in Detroit, Pittsburgh

The greater Detroit area and Pittsburgh have grown the most in the amount of equity funding they attract by percent, year over year, a report by Crunchbase states. The greater Philadelphia area ranked No. 5 on the list....

By Jayne Gest

December 18, 2019

Edward Chan on how to achieve just the right level of transaction preparedness

1315 Capital's Edward Chan talks deal prep — who to hire, when not to hire, how to prepare and how not to prepare your company for a sale....

By Adam Burroughs