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March 7, 2024
It's Complicated: Earnouts And Their Impact On A Deal
The full Pittsburgh Smart Business Dealmakers Conference Kickoff panel offer their takes on the earnout's role in a deal — for better and worse. ...
By Adam Burroughs
February 28, 2024
Koppers Signs Agreement to Acquire Brown Wood Preserving
Koppers Holdings Inc. signed an agreement to acquire substantially all assets of Brown Wood Preserving company and certain of its affiliates for approximately $100 million in cash. ...
By SBN Staff
February 28, 2024
Black Tech Nation Ventures Closes $50M Inaugural Fund
Black Tech Nation Ventures, a Pittsburgh-based venture firm, closed a $50 million inaugural fund....
By SBN Staff
February 23, 2024
Wesco Enters Agreement to Sell Integrated Supply Business to Vallen Distribution
Wesco International has entered into a definitive agreement to sell its Wesco Integrated Supply business to Vallen Distribution....
By SBN Staff
February 21, 2024
Announcing Pittsburgh's Smart Business Network Dealmaker Award Winners and 2024 Dealmakers Hall of Fame Class!
Here are the Pittsburgh Dealmaker of the Year Award honorees and Hall of Famers we're recognizing this year!...
By SBN Staff
February 21, 2024
StateServ acquires Delta Care Rx
StateServ has completed its acquisition of Delta Care Rx, a national pharmaceutical care provider based in Pittsburgh. ...
By SBN Staff
February 21, 2024
Blackbird Health raises $17M in Series A funding
Blackbird Health, a neuroscience-led and technology-backed youth mental health provider, raised $17 million in series A funding. ...
By SBN Staff
February 15, 2024
LIVE365 acquires customers of Christian Netcast
Live365, the one-stop shop for internet radio stations, is partnering with ChristianNetcast to provide complete streaming services for the network’s faith-based broadcasters....
By SBN Staff
February 12, 2024
CNX Resources sells private offering of $400M of senior notes
CNX Resources Corp. intends, subject to market and other conditions, to offer and sell in a private placement to eligible purchasers $400 million of senior notes due 2032....
By SBN Staff
January 23, 2024
Ansys and Humanetics expand partnership
Ansys has entered into a definitive agreement to acquire a minority ownership interest in Humanetics from Bridgepoint, the global private equity firm that first invested in Humanetics in 2018. ...
By SBN Staff
January 12, 2024
Nippon Steel Corporation to Acquire U. S. Steel
Nippon Steel Corporation, Japan’s largest steelmaker and one of the world’s leading steel manufacturers, and United States Steel Corporation, a leading steel producer with competitive advantages in...
By Staff Reports
January 12, 2024
Giant Oil Acquires American Natural Retail
American Natural Retail has been sold to Giant Oil, according to an announcement by Cleopatra Resources. The acquisition includes 11 convenience stores, and an additional two company-operated retail...
By Staff Reports
January 12, 2024
Opta Group Acquires Anker Industries
Opta Group, a portfolio company of Speyside Equity Advisers, announced its acquisition of Anker Industries LLC effective December 20, 2023. Anker supplies the steel and foundry industries with...
By Staff Reports
January 12, 2024
Alliance Technical Group’s Two Strategic Acquisitions Finishes Another Record Year of Growth
Alliance Technical Group, a prominent leader in the environmental compliance sector, announced the successful acquisition of two significant assets. These acquisitions represent key advancements in...
By Staff Reports
January 12, 2024
DQE Communications To Be Acquired by GI Partners
GI Partners, a leading investor in data infrastructure businesses, announced it has signed an agreement to acquire DQE Communications from its parent company, Pittsburgh-based Duquesne Light Holdings...
By Staff Reports
January 12, 2024
First Insight Acquires SnapRetail
First Insight, Inc., a global leader in Voice of the Customer (VoC) retail solutions, recently announced its acquisition of SnapRetail, a Pittsburgh-based, digital marketing platform aimed at boosting...
By Staff Reports
January 12, 2024
Lynx Software Technologies Announces Acquisition of Timesys Corporation
Lynx Software Technologies (Lynx), a leader in the development of foundational, open architecture software solutions for the Mission Critical Edge, announced the acquisition of Timesys Corporation...
By Staff Reports
January 11, 2024
When It Comes To Assessing Culture, Listen To Your Gut
HB Global's Bob Whalen on the critical importance of culture in a deal and how to assess it....
By Adam Burroughs
December 1, 2023
Level Agency's Patrick Patterson Raises The Growth Bar
Level Agency's Patrick Patterson on the management buyout, how he connected with his PE backers and what it took to close the deal, what life is like with a PE partner and the agency's plans for the future....
By Adam Burroughs
November 29, 2023
Westinghouse Completes 100% Acquisition of Tecnatom
Westinghouse Electric Company has made a full acquisition of long-standing partner Tecnatom from Endesa after obtaining all regulatory approvals....
By Adam Burroughs
November 27, 2023
System One Acquires KeyLogic
System One, a provider of outsourced services and workforce solutions, has acquired KeyLogic...
By Adam Burroughs
November 17, 2023
NewLake Tenant, Calypso Enterprises, Closes on Sale of the Company
Hero Diversified Associates, Inc. has sold Calypso Enterprises, which is a NewLake tenant, to Canvas Acquisition Corporation, LLC....
By Adam Burroughs
November 7, 2023
Herbein Acquires Creese, Smith, Hune & Co.
CPA advisory firm Herbein + Company, Inc. has acquired Creese, Smith, Hune & Co. LLC, a Greater Pittsburgh certified public accounting firm....
By Adam Burroughs
November 3, 2023
Free Market Health Closes $20M Equity Financing
Free Market Health, a healthcare technology company announced a $20M Series B fundraise led by Questa Capital, a healthcare venture capital firm that invests in breakout growth companies, with...
By Dan Pender
November 3, 2023
Abridge raises $30M to Accelerate Adoption of its Proven Generative AI Solution across U.S.
Abridge, a generative AI for clinical documentation company, announced a Series B raise of $30 million, led by Spark Capital. The round also included existing investor Bessemer Venture Partners, as...
By Dan Pender
November 3, 2023
LyGenesis Raises $19M in Series A-2 Funding Led by Prime Movers Lab
LyGenesis, a clinical-stage biotechnology company developing cell therapies for patients with end stage liver disease, type 1 diabetes, end stage renal disease, and aging announced it has raised more...
By Dan Pender
November 3, 2023
Cordia Acquiring Three Cutting-Edge Energy Systems from Essential Utilities in Allegheny County
Cordia, a provider of safe, reliable, and sustainable energy solutions, announced it has signed a binding agreement to acquire three microgrids and district energy systems in Allegheny County,...
By Dan Pender
November 3, 2023
Ven Raju On Investor Opportunities In Pittsburgh
After years of investing in early-stage companies in the SaaS, robotics, Internet of Things, health and fin tech spaces, Ven Raju has taken his talents from New York to Pittsburgh where he now heads...
By Adam Burroughs
October 6, 2023
Conduent’s BenefitWallet HSA Portfolio Moving to HealthEquity
Conduent Incorporated, a global technology-led business solutions and services company, and HealthEquity, Inc., the nation’s largest health savings account (HSA) administrator, today announced that...
By Dan Pender
October 6, 2023
Symetryx Acquires 20% Stock In Neubase
Symetryx Corporation announced it has acquired 20% of the issued and outstanding common stock in Neubase Therapeutics Inc. Symetryx is now urging the Board to issue a special $1 per share dividend....
By Dan Pender
October 6, 2023
Amergin Asset Management Acquires More Than 6,000 Railcars From PNC Bank
Amergin Asset Management (AAM) today announced that Amergin Rail, a portfolio company of certain funds managed by AAM, has acquired PNC Bank's operating railcar portfolio. The purchase included more...
By Dan Pender
October 6, 2023
Knockout.news Acquires Squaredcirclesirens.com and Thewrestlinganswer.com
Knockout.news is officially launching as the newest authority in wrestling news through the acquisition of the revered wrestling websites SquaredCircleSirens.com and TheWrestlingAnswer.com. This union...
By Dan Pender
October 6, 2023
Partners Personnel Acquires Chartwell Staffing
Partners Personnel announced its acquisition of Chartwell Staffing. Partners Personnel's strategic acquisition of Chartwell Staffing and its hundreds of clients and thousands of associate employees...
By Dan Pender
October 6, 2023
NHN Global Announces Acquisition of Cloudnexa
NHN Global, Inc. announced the completion of its acquisition of Cloudnexa, Inc.,an Amazon Web Services (AWS) Premier Consulting Partner and certified AWS Managed Services Provider. Cloudnexa has long...
By Dan Pender
October 6, 2023
Interest Rates Effect Strategy, But Multiples Remain Insulated
Interest rates have an impact on a variety of factors — not just in M&A, but in business in general. That's causing businesses to develop strategies to minimize the impact of those rising rates to...
By Adam Burroughs
September 1, 2023
Xylem To Acquire Evoqua in $7.5 Billion All-Stock Transaction
Xylem Inc., a global water technology company, and Evoqu, a mission-critical water treatment solutions and services company, announced they have entered into a definitive agreement under which Xylem...
By Dan Pender
September 1, 2023
OCLI Vision Acquires Crossroads Eye Care Associates
Spectrum Vision Partners announced the acquisition of Crossroads Eye Care Associates to continue to build the AIO|OCLI Vision presence in Pittsburgh. Crossroads Eye Care Associates is dedicated to...
By Dan Pender
September 1, 2023
Arconic Shareholders Approve Acquisition by Apollo Funds
Arconic Corporation announced its shareholders have voted at a special meeting of Arconic shareholders to approve the Company's pending acquisition by funds managed by affiliates of Apollo including a...
By Dan Pender
September 1, 2023
USW Responds to U.S. Steel Plans to Review Sale Options
The United Steelworkers union (USW), which represents more than 11,000 hourly workers at U.S. Steel facilities across the United States, recently released the following statement: "The USW has been in...
By Dan Pender
September 1, 2023
NexTier, Inc. and Mars Bancorp, Inc. Announce Merger
NexTier, Inc., the holding company of NexTier Bank, N.A., and Mars Bancorp, Inc., the holding company of Mars Bank, jointly announced the parties have entered into a definitive agreement for NexTier...
By Dan Pender
September 1, 2023
EQT Completes Acquisition of Tug Hill and XcL Midstream
EQT Corporation announced it has closed its previously announced acquisition of THQ Appalachia I Midco, and THQ-XcL Holdings I Midco, LLC. Final consideration after purchase price adjustments was...
By Dan Pender
September 1, 2023
Carmell Announces Successful Closing of Merger with Axolotl Biologix and Launch of a New Brand Identity
Carmell Corporation, a regenerative care company announced the successful closing of the previously announced merger with Flagstaff-based Axolotl Biologix, a profitable regenerative medicine company...
By Dan Pender
September 1, 2023
Wellist Founder Ashley Reid On The Importance Of Perspective
Wellist Founder and CEO Ashley Reid discusses growing into the company's national presence, what outside board seats have taught her about running her own business and the evolution of the company's fundraising....
By Adam Burroughs
August 4, 2023
Carmell Therapeutics Merges With Axolotl Biologix
Alpha Healthcare Acquisition Corp. III, a special purpose acquisition company led by Mr. Rajiv Shukla, today announced the successful completion of its business combination (the “Business...
By Dan Pender
August 4, 2023
To Maximize Value, Prepare
David Nicholson, Vice Chairman of Polyconcept North America has, over 15 years, gone through three private equity buyouts of the business and has done multiple strategic acquisitions within the...
By Adam Burroughs
August 4, 2023
Nornickel sells U.S.-based metals distributor in an all-cash transaction
Norilsk Nickel USA, Inc., Nornickel’s exclusive distribution company for nickel, platinum group metals, and cobalt in the Americas, has been acquired in an all-cash transaction by TMP Metals Group,...
By Dan Pender
June 29, 2023
Wabtec Acquires L&M Radiator, Inc.
Wabtec Corporation announced it has acquired L&M Radiator, Inc., a manufacturer of heavy-duty equipment radiators and heat exchangers. “We are excited to welcome L&M Radiator to Wabtec,” says Mike...
By Dan Pender
June 29, 2023
Legacy Service Partners expands its network with three new partnerships
Legacy Service Partners, a provider of residential HVAC, plumbing, and electrical services businesses in 16 states, has partnered with two Pittsburgh area home service companies and a third in Cape...
By Dan Pender
June 29, 2023
Simulations Plus Acquires Immunetrics
Simulations Plus, Inc., a provider of modeling and simulation software and services for pharmaceutical safety and efficacy, announced the acquisition of Immunetrics, Inc., a modeling and simulation...
By Dan Pender
June 29, 2023
DESOTEC Completes Acquisition of Evoqua’s Carbon Reactivation and Exchange Services Business
DESOTEC, provider in sustainable mobile filtration solutions in Europe, announced the completion of the acquisition of the carbon reactivation and exchange services business of Evoqua Water...
By Dan Pender