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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
