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August 12, 2022

Engineered From Personal Need, Nollapelli Is Ready To Grow

Nollapelli founder Allison Howard talks with the Smart Business Dealmakers Podcast about how she created Nollapelli and prepared the company for early-stage investing. ...

By Dan Pender

August 11, 2022

Incline Partners with Industrial Air Flow Dynamics and Montgomery DME

Private equity firm Incline Equity Partners has partnered with Industrial Air Flow Dynamics, a provider of non-turbine maintenance solutions and replacement parts to power plants and Montgomery DME, a provider of durable medical equipment rental services to the hospice market....

By Dan Pender

August 11, 2022

Albridge Raises $12.5M Series A

Medical conversation AI company Abridge announced an oversubscribed $12.5M Series A-1 led by Wittington Ventures. The round also had participation from all existing investors including: Union Square Ventures, Bessemer Venture Partners, Pillar Venture Capital, and UPMC Enterprises, and new investors including Turing Award winner Yoshua Bengio, and Whistler Capital. Abridge’s enterprise-focused documentation solutions structure and summarize information from any medical conversation, making it easier for systems to reduce provider burnout while increasing patient satisfaction....

By Dan Pender

August 11, 2022

L.B. Foster Announces Two UK-Based Acquisitions

L.B. Foster Company,a global solutions provider of products and services for the rail and infrastructure markets, acquired Skratch Enterprises Ltd., a Telford, UK-based digital solutions specialty company, and Intelligent Video Ltd. of Leamington Spa, UK....

By Dan Pender

August 11, 2022

Ascent Resources Announces Utica Shale Bolt-On Acquisition

Ascent Resources, LLC announced it entered into a Purchase and Sale Agreement with an undisclosed seller to acquire all of its assets in the Utica Shale in Ohio for a total purchase price of $270 million, subject to customary closing purchase price adjustments. Ascent will fund the transaction with a combination of cash on hand and borrowings under its revolving credit facility....

By Dan Pender

July 29, 2022

Distinguish yourself in a deal

Tecum Capital's Stephen Gurgovits, Citizens M&A Advisory's David Dunstan, Matthews International Corp.'s Richard Beard and Aon's Bill Coleman on building a successful acquisition engine. ...

By Adam Burroughs

July 29, 2022

Novasenta Completes $40M Series A

Novasenta Inc., a startup biotechnology company focused on the discovery and validation of novel targets to develop cancer therapies, has completed a $40 million Series A financing round led by UPMC Enterprises, the innovation, venture capital and commercialization arm of leading health system UPMC....

By Adam Burroughs

July 20, 2022

Emclaire Financial Corp. Receives Shareholder Approval for Merger With Farmers National Banc Corp.

Farmers National Banc Corp., and Emclaire Financial Corp., say that the shareholders of Emclaire have voted to approve the merger of Emclaire with and into FMNB Merger Subsidiary V, LLC, a newly-formed, wholly-owned subsidiary of Farmers....

By Adam Burroughs

July 18, 2022

Federated Hermes To Acquire The $3.63B Investment Advisory Business Ff C.W. Henderson

Federated Hermes Inc. (NYSE: FHI), a global leader in active, responsible investing, reached a definitive agreement to acquire substantially all of the assets of C.W. Henderson and Associates, Inc., a Chicago-based registered investment advisor specializing in the management of tax-exempt municipal securities. ...

By Adam Burroughs

July 18, 2022

Evoqua Water Technologies Completes Acquisition of EPICOR

Evoqua Water Technologies (NYSE: AQUA), an industry leader in mission-critical water treatment solutions, has acquired privately-held EPICOR, Inc., a leading manufacturer of high-quality powdered ion exchange resins and resin/fiber mixtures for the power industry....

By Adam Burroughs

July 14, 2022

Ascender Lifts Early-Stage Entrepreneurs

Nadyli Nuñez, executive director, Ascender, has guided hundreds of early-stage entrepreneurs through her incubator, co-working programs, and numerous early-stage investments to position them for add-on capital as part of their growth journey from scale-up to the middle market. She has a detailed, hands-on approach to ensure the success of her clients. ...

By Dan Pender

July 14, 2022

Iralogix Adds $22 million In Series C Funding

IRALOGIX announced it raised $22 million of new funding that will enable the company to expand its rapid growth, speed development of new platform features, increase its sales efforts and continue to...

By Dan Pender

July 14, 2022

FleetPride Acquires Keystone Spring Service

FleetPride, Inc., a distributor of truck and trailer parts and service in the independent heavy duty aftermarket, announced it acquired the assets of Keystone Spring Service, owned by brothers Greg...

By Dan Pender

July 14, 2022

PITT OHIO Expands Services in New York

PITT OHIO, a transportation, warehouse and logistics provider, announced a service expansion to New York state beginning Aug. 14.   Teal’s Express has provided LTL service within NY state for nearly...

By Dan Pender

July 14, 2022

Michelin acquires RoadBotics

The acquisition of RoadBotics, an American start-up specializing in the image analysis of road infrastructures, is a further illustration of Michelin’s ambitions around tires, in particular in the...

By Dan Pender

July 14, 2022

Knopp Biosciences and Population Health Partners Create Areteia Therapeutics

Areteia Therapeutics, Inc. announced its launch as a clinical-stage biopharmaceutical company focused on putting asthma patients in better control of their disease – and back in control of their lives...

By Dan Pender

July 14, 2022

Evoqua Water Technologies Acquires Smith Engineering, Inc.

Evoqua Water Technologies, an industry leader in mission-critical water treatment solutions, announced it has entered into a definitive agreement to acquire privately-held Smith Engineering, Inc. The...

By Dan Pender

July 14, 2022

Gateway Rehab Acquires Greenbriar Treatment Center

Gateway Rehab acquired Greenbriar Treatment Center July 1. A formal agreement was reached in March between the original parent company, Washington Health System, and Gateway Rehab. The acquisition was...

By Dan Pender

July 14, 2022

LANXESS Acquires IFF’s Microbial Control Business

Specialty chemicals company LANXESS completed its acquisition of the microbial control business unit of the U.S. group International Flavors & Fragrances Inc. (IFF). With the closing of the...

By Dan Pender

July 14, 2022

Live Ventures Buys Kinetic Co. for $26 Million

Precision Marshall subsidiary Live Ventures Inc. acquired all of the outstanding stock of The Kinetic Co. Inc., a Wisconsin-based producer of industrial knives. The transaction, valued at $26 million,...

By Dan Pender

July 14, 2022

Generian and Astellas Enter Collaboration and Exclusive License Agreement

Generian Pharmaceuticals, Inc. and Mitobridge, Inc. — a wholly owned subsidiary of Astellas Pharma Inc. — announced they have entered into a collaboration and exclusive license agreement to discover...

By Dan Pender

June 30, 2022

The Advantage of Strategic Planning in M&A Transactions

Huntington's Dan Griffith and Jim Altman, Loretta Benec (formerly with The ExOne Company), IPEG Industrial Group's John Erkert and McGuireWoods' Penny Zacharias on the power of strategic planning in M&A....

By Adam Burroughs

June 28, 2022

Advanticom Completes Ownership Transition to Current Employees

Advanticom's successful ownership transition is complete. The acquisition from current owner Brian Conboy was executed by a group of Advanticom's employees....

By Adam Burroughs

June 22, 2022

Evoqua Water Technologies To Acquire Smith Engineering Inc

Evoqua Water Technologies, an industry leader in mission-critical water treatment solutions, has entered into a definitive agreement to acquire privately-held Smith Engineering, Inc. The acquisition will enhance Evoqua's portfolio of high purity water treatment systems and expand its service footprint in North America....

By Adam Burroughs

June 22, 2022

Kaman Invests $10M in Near Earth Autonomy

Kaman Corporation (NYSE: KAMN) has invested $10 million in Pittsburgh, PA based Near Earth Autonomy, Inc., in exchange for a minority interest in the outstanding equity of Near Earth and one seat on its board of directors....

By Adam Burroughs

June 21, 2022

Matthews International Acquires OLBRICH GmbH and R+S Automotive GmbH

Matthews International Corporation has signed an agreement to acquire German based engineering firms, OLBRICH GmbH and R+S Automotive GmbH, for EUR €43 million (approximately U.S. $45 million)....

By Adam Burroughs

June 20, 2022

HUB International Acquires The Assets Of Heritage Wealth Management Group

HUB International Limited, a leading full-service global insurance brokerage and financial services firm, has acquired the assets of Heritage Wealth Management Group, LLC. Terms of the transaction were not disclosed....

By Adam Burroughs

June 17, 2022

Founders helping founders

Ilana Diamond on launching 412 Ventures, its investment thesis, and how their collective experience as founders might give them an advantage....

By Adam Burroughs

June 16, 2022

Wabtec Acquires Collins Aerospace’s ARINC Rail Solutions Business

Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, has acquired Collins Aerospace’s ARINC rail solutions business segment, a provider of intelligence-based rail dispatch and back-office solutions....

By Adam Burroughs

June 8, 2022

Blaze Acquires No Code No Problem

Blaze, a platform that enables teams to build web applications and internal tools without writing code, has acquired No Code No Problem, one of the most popular no-code podcasts and TikTok channels....

By Adam Burroughs

June 2, 2022

Listening is key to uncovering overlooked opportunities

George J. Howe Co.'s Len Caric on why creating win-wins is critical for the acquisition process....

By Adam Burroughs

June 1, 2022

Raymond James Completes TriState Capital Holdings Acquisition

Raymond James Financial (NYSE: RJF) has completed the previously announced acquisition of TriState Capital Holdings, Inc....

By Adam Burroughs

June 1, 2022

Butler Health, Excela To Form New Health System

Officials at Butler Health System and Excela Health have signed a Letter of Intent to combine their respective organizations into a new health system serving western Pennsylvania....

By Adam Burroughs

June 1, 2022

F.N.B. Corporation To Acquire UB Bancorp

F.N.B. Corporation (NYSE: FNB) and UB Bancorp (OTCQX: UBNC) are signing of a definitive merger agreement for FNB to acquire UB Bancorp, including its wholly-owned banking subsidiary, Union Bank, in an all-stock transaction...

By Adam Burroughs

May 31, 2022

Continuim Equity Partners Closes Inaugural CEP Fund I

Continuim Equity Partners, a Pittsburgh-based private equity firm focused on acquiring successful family-owned manufacturing and industrial businesses in our region, has closed its inaugural fund, CEP Fund I...

By Adam Burroughs

May 25, 2022

HackEDU Acquires Security Journey

HackEDU, a global provider of secure coding training for developers, has acquired Security Journey, a leader in application security education located in Raleigh, NC....

By Adam Burroughs

May 24, 2022

Hornetsecurity Acquires IT-Seal

Hornetsecurity, a global email cloud security and backup provider, has acquired IT-Seal, a security awareness training company....

By Adam Burroughs

May 19, 2022

When to incorporate investor feedback and when to ignore it

Co-Pilot Co-founder and CEO Matt Spettel on launching the company, what he learned through fundraising, and what it's like going through a rebrand when investors are involved....

By Adam Burroughs

May 18, 2022

Consulting Solutions Acquires Empyrean Services and The Empyrean Group

Consulting Solutions, a portfolio company of White Wolf Capital has acquired Empyrean Services and The Empyrean Group, leading providers of consulting services to the nuclear and non-nuclear power-generation industries....

By Adam Burroughs

May 17, 2022

FNB Makes $2.5M Commitment to Black Tech Nation Ventures

F.N.B. Corporation (NYSE: FNB) is making a $2.5 million equity commitment to Black Tech Nation Ventures, a majority Black-owned venture capital fund based in Pittsburgh. BTN.vc provides funding and resources for Black-led technology startups and firms with diverse founders and teams...

By Adam Burroughs

May 12, 2022

ATI Completes Sale of Sheffield, UK Operation

Allegheny Technologies Incorporated (NYSE: ATI) has completed the sale of its Sheffield, UK operation to Mutares SE & Co. KGaA ...

By Adam Burroughs

May 10, 2022

Magna5 Acquires Stablenet

Magna5, a national provider of managed IT services and a NewSpring Holdings platform company, has acquired StableNet, a North Carolina-based managed IT service provider with clients in the manufacturing, legal and financial sectors. ...

By Adam Burroughs

May 10, 2022

OtterTune Raises $12M Series A

OtterTune, the ultimate database automation and optimization platform, has raised $12 million in Series A funding led by Intel Capital and Race Capital with participation from Accel....

By Adam Burroughs

May 6, 2022

Factors that can trip-up a deal

Conco Systems Ed saxon, along with Babst, Calland, Clements and Zomnir's Kevin Wills, Stellex Capital's Mike Livanos, and BDO USA's Robert Berdanier, spoke at this year's Pittsburgh Smart Business Dealmakers Conference about the factors that impact a deal and how to address them....

By Adam Burroughs

May 5, 2022

General Atlantic, Nautic Partners and The Vistria Group Acquire PANTHERx Rare From Centene Corporation

A leading investor consortium consisting of Nautic Partners, The Vistria Group and General Atlantic has signed a definitive agreement to acquire PANTHERx Rare from Centene Corporation (NYSE: CNC). ...

By Adam Burroughs

May 4, 2022

Ansys Acquires Motor Design Limited

Ansys (NASDAQ: ANSS) has acquired Motor Design Limited. The acquisition and resulting addition of MDL's Motor-CAD to Ansys' existing portfolio will strengthen Ansys' electric machine design offerings, as proven by the successful partnership between the two companies over the past two years....

By Adam Burroughs

April 21, 2022

Direct Online Marketing Acquires C-Leveled

Direct Online Marketing, the region's largest and fastest growing digital marketing agency, has acquired C-Leveled...

By Adam Burroughs

April 19, 2022

Consegna Pharma Acquires Fathom Pharma

Consegna Pharma Inc., a drug delivery company providing solutions to reduce deaths from opioid overdoses, has acquired Fathom Pharma LLC, a company developing long-acting pain medicines....

By Adam Burroughs

April 14, 2022

Howard Hanna Merges with HER, REALTORS

Howard Hanna Real Estate Services announced a merger with HER, REALTORS, the country’s largest agent-owned real estate firm. This transaction adds about 1,200 agents and 90 offices to Howard Hanna’s...

By Dan Pender

April 14, 2022

IRALOGIX & The Retirement Learning Center Enter Co-Marketing Partnership

IRALOGIX, a provider of cloud-based technology to enable institutional partners to rapidly offer a hands-on, engagement-focused IRA program to clients announced its partnership with The Retirement...

By Dan Pender