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January 22, 2021
Metz Lewis' George Thomas on the surprising strength of M&A through the pandemic
Metz Lewis' George Thomas offers his assessment of the M&A market — what it looked like in 2020, and what he expects it will look like in 2021....
By Adam Burroughs
January 15, 2021
United States Steel Corporation Completes Big River Steel Acquisition
United States Steel Corporation has closed its acquisition of the remaining equity of Big River Steel for approximately $774 million from cash on hand....
By Adam Burroughs
January 15, 2021
Pineapple Payments Acquires 1st Payment Systems
Pineapple Payments, a payments technology company based out of Pittsburgh, has acquired 1st Payment Systems....
By Adam Burroughs
January 11, 2021
PPG to Acquire Global Coatings Manufacturer Wörwag
PPG has reached a definitive agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications....
By Adam Burroughs
January 4, 2021
Riverview Financial Corp. Wraps Up Acquisition of Citizens National Bank of Meyersdale
Riverview Financial Corp. has completed its acquisition of Citizens National Bank of Meyersdale through a stock and cash transaction....
By Adam Burroughs
December 22, 2020
How outside deal pros helped Arnie Burchianti find needle-in-a-haystack buyers
Arnie Burchianti talks about the importance of surrounding yourself with people who have strengths where you have weaknesses....
By Adam Burroughs
December 21, 2020
Peptilogics Closes $35.4 Million Series B Financing
Peptilogics has closed a $35.4 million Series B financing round led by Presight Capital....
By Adam Burroughs
December 18, 2020
PPG to Acquire Tikkurila
PPG has entered into a definitive agreement to acquire Tikkurila in an all-cash transaction....
By Adam Burroughs
December 15, 2020
ChiliSleep and Ebb Therapeutics Merge
Kryo, the parent company of sleep technology brand ChiliSleep, today announced that it has merged with Ebb Therapeutics....
By Adam Burroughs
December 15, 2020
Centene to Acquire PANTHERx Rare Pharmacy
Centene Corporation has signed a definitive agreement to acquire PANTHERx....
By Adam Burroughs
December 14, 2020
UPMC Acquires Ireland's Oldest Private Hospital
UPMC will expand services at Aut Even Hospital in Kilkenny, Ireland with acquisition....
By Adam Burroughs
October 14, 2020
Pineapple Payments’ Jon Halpern puts people first when acquiring
Pineapple Payments' Jon Halpern on his company’s acquisition and integration process, and how learnings are being shared between acquirer and acquiree....
By Adam Burroughs
October 6, 2020
Abridge receives $15 million Series A round
Pittsburgh-based startup Abridge received a $15 million Series A round led by Union Square Ventures and UMPC with participation from Bessemer Venture Partners, Pillar, KdT Ventures and angel investors....
By Adam Burroughs
October 6, 2020
Seegrid Acquires Box Robotics
The acquisition is expected to help accelerate next-generation perception and more human-like, situational awareness technology to Seegrid’s vision guided vehicles....
By Adam Burroughs
October 5, 2020
Union O&P Acquires De La Torre O&P
The combined company will continue to operate under both the Union and De La Torre brands....
By Adam Burroughs
October 1, 2020
CNX Resources and CNX Midstream Partners Complete Merger
CNX has completed the acquisition of all of the outstanding common units of CNX Midstream that it did not already own....
By Adam Burroughs
August 7, 2020
Shifting capital: How Catherine Mott and BlueTree Capital have responded to the pandemic
For BlueTree Capital, the pandemic has put the firm's focus on protecting its portfolio companies. While that's its primary focus, it's not its singular focus....
By Adam Burroughs
August 3, 2020
3Cloud acquires Applied Cloud Systems
3Cloud, a Microsoft Azure services firm, has acquired Applied Cloud Systems, a Microsoft consultancy....
By Adam Burroughs
August 1, 2020
CEC completes SITEC acquisition
CEC has completed its acquisition of multi-discipline civil engineering and land survey firm SITEC Inc....
By Adam Burroughs
July 31, 2020
Steel manufacturer Precision Marshall acquired by Live Ventures
Live Ventures Inc., a diversified holding company, has acquired Precision Industries, Inc. for approximately $31.5 million in cash....
By Adam Burroughs
July 27, 2020
CNX Resources Corp, to acquire remaining public stake in CNX Midstream Partners
CNX Resources Corp. is set to acquire all of the outstanding common units of CNX Midstream Partners LP that it does not already own....
By Adam Burroughs
June 26, 2020
CMU’s Lynn Banaszak: Priorities are shifting, but innovation interest remains strong
Despite the uncertainty, investors are still very interested in preserving their deal pipelines — continuing to build on the promise of the portfolio of ideas already in development, says Lynn Banaszak, executive director of the Digital Transformation and Innovation Center at Carnegie Mellon University....
By Jayne Gest
June 23, 2020
GNC to restructure or be sold
GNC Holdings Inc., and certain of its North American entities, secured lenders and key stakeholders have agreed to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S. Bankruptcy Code. The company could be restructured or sold....
By Jayne Gest
June 22, 2020
WESCO completes Anixter merger
WESCO International Inc., a Pittsburgh-headquartered provider of business-to-business distribution, logistics services and supply chain solutions, has completed its merger with Anixter International Inc., creating a global B2B distribution and supply chain solutions company....
By Jayne Gest
June 17, 2020
Equitrans Midstream, EQM complete merger
Equitrans Midstream Corp. and EQM Midstream Partners LP have completed the acquisition of all of the outstanding common units representing limited partner interests in EQM that it did not already own....
By Jayne Gest
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 12, 2020
Peca Labs raises venture funding
Peca Labs Inc. recently raised $587,465 of venture funding from undisclosed investors, PitchBook reports. The Carnegie Mellon University spin out has raised $5.69 million through five rounds and is developing synthetic cardiovascular devices intended to improve the treatment of cardiac defects....
By Jayne Gest
June 11, 2020
Incline’s LYNX buys FRSTeam
Pittsburgh-based private equity firm Incline Equity Partners’ portfolio company, LYNX Franchising has further expanded its commercial services brand offering through the acquisition of FRSTeam. FRSTeam focuses on disaster recovery, specializing in damage from smoke, fire, water and mold....
By Jayne Gest
June 10, 2020
Othot raises $1.32M in funds
Othot Inc. recently raised $1.32 million of venture funding in the form of convertible debt from undisclosed investors, according to PitchBook. The Pittsburgh developer of cloud-based software designed for predictive analytic services has raised $8.83 million to date....
By Jayne Gest
June 2, 2020
Volkswagen’s $2.6B investment in Argo AI closes
Volkswagen AG’s investment in Argo AI has closed, which solidifies the Pittsburgh-headquartered business’s capital position and differentiates it as the only self-driving technology platform company with partnerships and commercial agreements, via Ford and Volkswagen, for deployment across the U.S. and Europe....
By Jayne Gest
June 1, 2020
ALung closes $18.52M funding round
ALung Technologies Inc. recently completed its sixth round of venture funding, which resulted in $18.52 million from Audrey’s Kitchen and other undisclosed investors, PitchBook reports. The transaction included $2.26 million in total new debt. ALung has raised $112.6 million to date....
By Jayne Gest
May 29, 2020
Innovatus Imaging assets sold to 626
Delray Beach, Florida-based 626 Holdings LLC, a third-party company in the health care technology management market, has acquired the CR and DR business of Innovatus Imaging, which is headquartered in Pittsburgh....
By Jayne Gest
May 21, 2020
Jay Katarincic shares the methods behind early stage VC investing
With early stage investing, it’s not about hitting every single time in order to have a successful fund, says Jay Katarincic, managing director of venture capital firm Draper Triangle. That's because it's often more art than science....
By Jayne Gest
May 20, 2020
Babst Calland’s Chris Farmakis: The deal picture should be clearer by summer
While deals are still getting done, many have been pushed backed. However, we likely won't know until summer whether those delayed transactions come back to life, says Babst Calland's Chris Farmakis....
By Dustin S. Klein and Jayne Gest
May 19, 2020
Infectious Disease Connect merges with Merck company
Infectious Disease Connect Inc., a UPMC Enterprises telemedicine-enabled company, has combined with Merck’s ILÚM Health Solutions. UPMC will retain a majority stake in the combined company....
By Jayne Gest
May 18, 2020
Team Scotti sold to NFP
NFP has acquired LFG Inc., DBA Team Scotti. The Pittsburgh-based company is a national insurance broker offering insurance solutions and employee benefit programs to Major League Baseball and Minor League Baseball and their affiliates....
By Jayne Gest
May 15, 2020
UNFI’s Retail Accounting Services Division sold
FMS Solutions Inc. has agreed to acquire United Natural Foods Inc.’s Retail Accounting Services Division, where retail accounting teams in Pittsburgh, St. Louis, Anniston, Alabama, Champaign, Illinois, and Hopkins, Minnesota, will become FMS subsidiaries....
By Jayne Gest
May 14, 2020
Net Health buys Tissue Analytics
Net Health, a Pittsburgh-based provider of cloud-based electronic health record software for specialized care settings, has acquired Tissue Analytics. The transaction is expected to expand Net Health’s leadership position within the wound care market....
By Jayne Gest
May 11, 2020
PNC intends to sell BlackRock investment
The PNC Financial Services Group Inc. plans to sell its investment in BlackRock Inc. through a registered offering and related buyback by BlackRock. PNC currently holds shares that represent 22.4 percent ownership....
By Jayne Gest
May 11, 2020
Edge Case Research Raises VC Funding
Edge Case Research Inc. recently raised $8 million in venture funding from undisclosed investors, PitchBook reports. The Pittsburgh company is developing vehicle safety systems intended to make autonomous vehicles safe....
By Jayne Gest
May 8, 2020
Conco sold to Rising Point Capital
Chicago-based Rising Point Capital has acquired Conco Holdings, which is located in the Pittsburgh area. Tecum Capital Partners and UMB Capital Corp. provided subordinated debt and equity. The investor group also partnered with the Saxon-Godish Family and existing management team, who will remain with Conco and retain a significant stake....
By Jayne Gest
May 6, 2020
Voci Technologies sale complete
San Francisco-based Medallia Inc. has completed the acquisition of the speech-to-text platform, Voci Technologies....
By Jayne Gest
May 4, 2020
Shell to sell Appalachia assets to National Fuel
A Royal Dutch Shell plc subsidiary has agreed to sell its Appalachia shale gas position for $541 million to National Fuel Gas Co. The transaction includes approximately 450,000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and Utica wells in Tioga County and associated facilities....
By Jayne Gest
May 1, 2020
ESS NexTier merges into IMA Financial Group
IMA Financial Group, a Denver-headquartered national insurance brokerage firm, completed its acquisition of ESS NexTier Insurance Group, a similarly structured practice with four offices throughout Pennsylvania....
By Jayne Gest
April 30, 2020
U.S. Steel sells option in Minnesota iron ore mine
Stelco has entered an option agreement with U.S. Steel, granting Stelco a long-dated option to purchase a 25 percent ownership interest in a to-be-formed joint venture that will own 100 percent of U.S. Steel’s iron ore mine in Mt. Iron, Minnesota, and related infrastructure including the pellet plant....
By Jayne Gest
April 29, 2020
Niche raises $35M in Series C funds
Niche — a Pittsburgh-based school search platform connecting people to the right K-12 school or college — has raised $35 million in Series C funding led by Radian Capital, with additional participation from Salesforce Ventures, as well as existing investors Allen & Company LLC and Tim Armstrong....
By Jayne Gest
April 27, 2020
MWE Sales recapitalizes with funding from Provariant, Tecum
Midwest Equipment Sales has taken on investment partners in order to grow the Columbus-headquartered business. The funding was led by Provariant Equity Partners, with investment from Tecum Capital Partners, the existing CEO and Centerfield Capital Partners....
By Jayne Gest
April 27, 2020
Intervala buys Princeton Technology
Intervala LLC has acquired Princeton Technology Corp. in Hudson, New Hampshire. The acquisition further expands Intervala’s manufacturing presence in the Northeast region, while adding new capabilities and customers....
By Jayne Gest
April 24, 2020
Jake Loosararian bets on himself — and Gecko Robotics
Jake Loosararian turned down an offer for Gecko Robotics in 2015 and stuck with the principles of why he started the company. He shares how that decision has paid off....
By Jayne Gest
April 24, 2020
Metz Lewis’ John Lewis: Caution is the new normal
John Lewis expects employers to remain cautious in terms of deal activity, long-term commitments and employee compensation during this unprecedented time....
By Dustin S. Klein and Jayne Gest
