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Pittsburgh - Articles

May 21, 2019

MSA Safety completes Sierra Monitor acquisition

Global safety equipment manufacturer MSA Safety Inc. has completed its acquisition of Sierra Monitor Corp. in an all-cash transaction valued at $33 million. The deal enables MSA to accelerate its strategy to enhance worker safety and accountability....

By Jayne Gest

May 21, 2019

Cancer Treatment Services International sold for $283M

The deal includes the Pittsburgh-based Oncology Solutions division that provides cancer care professional services to health care providers worldwide....

By Jayne Gest

May 21, 2019

Diamond Kinetics swings for the fences with sensor technology

CEO C.J. Handron talks about how he brought Diamond Kinetics from the lab to the ball diamond with the help of Pittsburgh’s early-stage community....

By Jayne Gest

May 20, 2019

RE2 Robotics gets $3M from Office of Naval Research

RE2 Robotics, a developer of humanlike robotic manipulator arms in Pittsburgh, has received $3 million in funding from the Office of Naval Research to develop a dexterous, underwater robotic hand with tactile feedback....

By Jayne Gest

May 16, 2019

Ed Wethli: Kiva Han-Crazy Mocha deal took time to brew

A year into the Crazy Mocha acquisition, the benefits of the deal are finally falling into place for the coffee roaster that wanted a growing retail empire....

By Jayne Gest

May 16, 2019

Four real estate firms merge under Howard Hanna umbrella

Kuzneski & Lockard, the leading independent real estate firm in Pennsylvania’s Indiana County, will align with Howard Hanna Real Estate Services. In conjunction with the franchise partnership, Howard Hanna Kuzneski & Lockard simultaneously announced mergers with Chestnut Ridge Realty and Susan Moore Real Estate....

By Jayne Gest

May 15, 2019

Online vehicle auction company buys Allegheny County property

Copart Inc., a global online vehicle auction company, has acquired a second location in West Mifflin. This is Copart’s 11th location in Pennsylvania....

By Jayne Gest

May 14, 2019

Pittsburgh REIT Alpha buys second opportunity zone project

Alpha Capital Partners, a Pittsburgh-based real estate investment and development firm, has acquired University Place in Lafayette, Louisiana. University Place is Alpha’s 10th student housing community and the second of five identified projects in Alpha’s Opportunity Zone Fund....

By Jayne Gest

May 14, 2019

Three Rivers Packaging purchased by The Cary Company

The McKees Rocks company, which initially focused on the sale of new and reconditioned steel drums, has evolved to become the area’s leading IBC re-bottler/reconditioner....

By Jayne Gest

May 13, 2019

TrueCommerce acquires San Diego’s ecUtopia

Pittsburgh-based TrueCommerce has acquired ecUtopia, a cloud-based supply chain collaboration and visibility platform. The transaction complements TrueCommerce's portfolio and strengthens its commerce network in several market segments....

By Jayne Gest

May 10, 2019

Ampco-Pittsburgh to sell cast roll manufacturing facility

The purchase agreement has been executed, and the transaction is expected to close in the second half of 2019....

By Jayne Gest

May 9, 2019

Acusis completes purchase of Cybergistics

The acquisition will help the Pittsburgh-based provider of clinical documentation and revenue cycle management solutions and services to expand its RCM service capabilities, especially in the large hospital segment and health systems....

By Jayne Gest

May 9, 2019

Ikos raises $4M in round led by Draper Triangle Ventures

The round includes new investors ValueStream, a New York City-based growth fund, as well as existing regional investors Birchmere Ventures and Riverfront Ventures....

By Jayne Gest

May 8, 2019

Alpha Capital Partners continues buying property in Memphis

The Pittsburgh private equity real estate investment firm purchased the first phase of 266 Lofts, 77 units, in March 2018....

By Jayne Gest

May 7, 2019

Yvonne Campos' Next Act Fund gives women seat at dealmaking table

Yvonne Campos is an accomplished businesswoman who built and sold a successful market research and strategy firm. In all her experiences, though, she was never asked to participate in a deal or invest...

By Jayne Gest

May 7, 2019

Federated Investors buying $14B in assets from PNC Financial Services

The proposed deal includes the reorganization of PNC’s family of liquidity, equity and fixed-income mutual funds into Federated funds; the acquisition of part of PNC’s separate account and separately managed account business; and the transition of a six-person international equity management team....

By Jayne Gest

May 3, 2019

Maxim Crane Works to buy Boston crane rental company

Maxim Crane Works L.P. will acquire Shaughnessy & Ahern Crane Co. and S&A Cranes LLC. This enhances Maxim’s full-service, nationwide crane rental and lifting solutions platform and expands its operations in one of the nation’s most critical regions....

By Jayne Gest

May 3, 2019

Incline’s Continental Batteries makes two more acquisitions

Incline Equity Partners’ portfolio company Continental Batteries has acquired Metroplex Battery and Ellis Battery, distributors of aftermarket batteries. This marks eight acquisitions for Continental in nine months....

By Jayne Gest

May 3, 2019

Midwest Industrial Rubber, an Incline co., closes fifth acquisition

Midwest Industrial Rubber, a portfolio company of Pittsburgh’s Incline Equity Partners, has acquired The Atlanta Belting Co., a specialty fabricator and distributor of lightweight conveyor belting and accessories....

By Jayne Gest

May 2, 2019

ANSYS acquires assets of Maryland software company DfR Solutions

ANSYS has acquired the assets of DfR Solutions, the Maryland developer of Sherlock, the industry’s only automated design reliability analysis software....

By Jayne Gest

May 1, 2019

PNC reportedly selling $54.6B institutional asset manager to Federated

PNC Financial Services Group is in talks to sell PNC Capital Advisors to Federated Investors, according to multiple sources....

By Jayne Gest

May 1, 2019

Pineapple Payments buys Boston merchant services provider

The Pittsburgh-based payments technology company has acquired Boston-based Beacon Payments in a deal that adds more than $1 billion in annual payment processing volume....

By Jayne Gest

April 30, 2019

Life after selling your business will never be the same

Michael Krol, head of wealth advisory at Waldron Private Wealth, discusses post-sale changes that catch many business owners off guard....

By Jayne Gest

April 29, 2019

Real estate firms pay $38M to buy seven-building industrial complex

The seven-building complex, the 79 North Industrial Portfolio, is 99 percent leased to 21 tenants including Amazon, Verizon, Chrysler and Safelite Glass....

By Jayne Gest

April 24, 2019

Kraft Heinz reportedly seeking buyer for Ore-Ida

CNBC says that the food giant is looking to sell off its Ore-Ida brand as it works to pay down debt and restructure its business....

By Adam Burroughs

April 24, 2019

Maitri gets a partner, property in Innovative Industrial Properties deal

IIP agreed to provide the Southwestern PA medical marijuana company reimbursement of up to $10 million to complete tenant improvements for the building....

By Adam Burroughs

April 23, 2019

Honeycomb Credit expands crowd financing model beyond Pittsburgh

How CEO George Cook is blending crowd funding and community banking to change the way small businesses get loans....

By Jayne Gest

April 22, 2019

First Commonwealth to acquire 14 branches in Central Pa.

The acquisition, which brings $525 million of deposits and $120 million of retail and business loans, enables First Commonwealth to expand its Central Pennsylvania footprint....

By Jayne Gest

April 22, 2019

Uber ATG raises $1B ahead of self-driving car spinout

The development, speculated about for some time, removes a deeply unprofitable unit from the main Uber business, helping Uber scale back some of its losses...

By Jayne Gest

April 17, 2019

Leon Rubinov on Incline Equity’s M&A strategy and value creation

Leon Rubinov doesn’t like to play favorites with Incline Equity Partners investments. “All our kids are cute,” the senior partner says. “We don’t love one any more than the other. They’re all special."...

By Jayne Gest

April 17, 2019

PPG completes Hemmelrath acquisition

PPG has completed its acquisition of German-based Hemmelrath, a manufacturer of coatings for automotive OEMs....

By Jayne Gest

April 12, 2019

Limbach Holdings completes debt refinancing

The engineering and construction firm has entered a $65 million senior secured credit facility, comprised of a $40 million term loan which will refinance existing indebtedness, and a $25 million delayed-draw term loan to finance potential acquisitions....

By Jayne Gest

April 11, 2019

EQM closes $1.3B acquisition of Utica & Marcellus assets

EQM Midtream Partners has completed its acquisition of a 60 percent interest in Eureka Midstream Holdings and a 100 percent interest in Hornet Midstream Holdings....

By Jayne Gest

April 10, 2019

Brentwood Bank completes Union acquisition

Brentwood Bank, a wholly-owned subsidiary of Mutual Holding Company of Western Pennsylvania, has completed its acquisition of Union Building and Loan Savings Bank. The combined banks will serve a broader customer group in the Beaver County market....

By Jayne Gest

April 9, 2019

Noveome Biotherapeutics closes $15M Series D financing

Noveome Biotherapeutics completed a $15 million Series D funding round to advance a growing pipeline of next-generation biologics. The Pittsburgh clinical-stage biopharmaceutical company has raised $159 million in capital to date....

By Jayne Gest

April 9, 2019

Corporates join VCs to fill pipeline for Pittsburgh tech investment

Pittsburgh’s tech startups attract the lion’s share of funding and attention, says Innovation Works’ Gary Glausser. We spoke with him about trends in tech investing, including highlights from Investment in Pittsburgh’s technology sector report, and the upcoming the AI & Robotics Venture Fair....

By Jayne Gest

April 5, 2019

Precision Therapeutics completes Helomics merger

Helomics stockholders now own about 44 percent of Precision Therapeutics’s common stock following the deal....

By Jayne Gest

April 4, 2019

Kraft Heinz fund makes first investment

Evolv Ventures was part of a $25 million Series C round investment in GrubMarket, a farm-to-delivery food service....

By Adam Burroughs

April 3, 2019

FNB’s Boyd Pethel: How to invest with a flat yield curve, low interest rates

The economy may be slowing, but there’s good news for investors who are worried about rising interest rates, says First National Bank’s Boyd Pethel....

By Mark Scott

April 2, 2019

Schaffner Manufacturing acquired by Jason Industries

The $11 million deal will expand Jason's polishing product line offerings within North America....

By Adam Burroughs

April 2, 2019

Legrand closes acquisition of Universal Electric Corp.

Legrand, North and Central America, has completed its acquisition of the Canonsburg manufacturer Universal Electric Corp. for an undisclosed amount....

By Jayne Gest

April 2, 2019

Trade schools Rosedale Tech and Dean Tech to merge

Dean Institute of Technology and Rosedale Technical College have merged their operations. The combined entity will be known as Rosedale Technical College....

By Jayne Gest

April 2, 2019

When selling a business, take talent development seriously

Sellers who pay lip service to talent development could be leaving millions of dollars on the table, says Solutions21’s Buddy Hobart. This week, Buddy explains why it’s past time for buyers and sellers to take talent development seriously....

By Jayne Gest

April 1, 2019

Elliott Group completes merger of Ebara International

Elliott Group will maintain Ebara International’s Cryodynamics brand and manufacture its pumps and expanders at its global headquarters and factory in Jeannette, Pa....

By Jayne Gest

March 29, 2019

How to value organizations in the wake of technology disruption

A look at the challenge of finding skilled workers for today’s highly automated environment, what investors should look for when evaluating companies and how involved investors should be in new technologies....

By Suzy Teele

March 29, 2019

PA gas, oil wells acquired by Diversified Gas

Diversified Gas and Oil is acquiring 110 wells and related surface rights and gathering equipment from HG Energy II Appalachia, more than half of which are located in Pennsylvania’s Appalachian Basin....

By Adam Burroughs

March 27, 2019

Westinghouse awarded $12.8M from DOE

The Department of Energy has awarded $12.8 million in funding to Westinghouse Electric for its eVinci Micro Reactor Nuclear Demonstration Unit Readiness Project....

By Adam Burroughs

March 27, 2019

Quick Med Claims' Michael J. Lewis: A CEO's approach to M&A

In four years, the CEO of Quick Med Claims has gone through two sales and initiated five acquisitions. Now, he’s interested in passing along that knowledge....

By Jayne Gest

March 22, 2019

BlueTree's big 2018: A unicorn, strong exits and new investors

It’s been an exciting and unprecedented year for Catherine Mott and BlueTree Capital, including her venture fund's first unicorn holding....

By Jayne Gest

March 22, 2019

IPSCO Tubulars sold to Tenaris

IPSCO Tubulars, which has two Western Pennsylvania facilities, has been acquired by Tenaris for $1.209 billion....

By Adam Burroughs