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
