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February 13, 2020

Smith Micro buys the operator business of Circle Media Labs

Pittsburgh-headquartered Smith Micro Software Inc. has acquired the operator business of Circle Media Labs Inc. for approximately $13.5 million in cash. The transaction will expand and enhance the overall capabilities Smith Micro's portfolio....

By Jayne Gest

February 12, 2020

Altoona Honda under new ownership

Bill Barnes and Paul Ritchie recently sold Altoona Honda to Timbrook Automotive, which has 11 dealerships throughout Maryland, Virginia and West Virginia. This is Timbrook’s first location in Pennsylvania....

By Jayne Gest

February 11, 2020

Bedford Funds launches $2B fund raise

Pittsburgh-based Bedford Funds LP is launching a $2 billion fund raise, that looks to create a private equity fund specifically targeting operating businesses, rather than real estate investments....

By Jayne Gest

February 11, 2020

Carnegie Learning divests Paradigm Education Solutions

Carnegie Learning, a Pittsburgh learning technology company, has agreed to sell Paradigm Education Solutions, a post-secondary provider of print and digital learning solutions, to Kendall Hunt Publishing Co....

By Jayne Gest

February 5, 2020

SinterMet sold to V&A Capital

New York PE firm V&A Capital has partnered with the management team of SinterMet LLC to acquire the company, which is headquartered near Pittsburgh. The firm plans to support SinterMet’s growth through increased product offerings, entering new end-markets and searching for complementary add-on acquisitions....

By Jayne Gest

February 5, 2020

Maven Machines raises $7M in Series A funding

Maven Machines has raised $7 million in Series A funding, led by Allos Ventures, with additional participation from Hearst Ventures, Pittsburgh-based Riverfront Ventures, which is an affiliate of Innovation Works, Great Oaks Venture Capital and existing private investors....

By Jayne Gest

February 5, 2020

PPG to buy Alpha Coating Technologies

Pittsburgh-headquartered PPG has agreed to acquire Alpha Coating Technologies LLC, a West Chicago manufacturer of powder coatings for light industrial applications and heat sensitive substrates....

By Jayne Gest

February 5, 2020

A. Stucki Co. parent company buys Salco Products

Stone Canyon Industries Holdings LLC’s SCI Rail Holdings LLC has — through its subsidiary, A. Stucki Company in Moon, Pennsylvania — has acquired Salco Products Inc. The acquisition of Salco, which is based in a Chicago suburb, broadens SCI Rail’s freight car product offering and expands its customer reach....

By Jayne Gest

February 4, 2020

Rich Lunak on the hot technology market in Pittsburgh

The market for technology companies and disruptive startups remains red hot in Pittsburgh. Innovation Works' Rich Lunak shares what he's seeing in terms of valuations and deal flow....

By Jayne Gest

February 4, 2020

Incline invests in BFG Supply

Incline Equity Partners, a Pittsburgh-based private equity firm, has acquired BFG Supply, a Burton, Ohio, provider of third-party and proprietary branded products to the lawn and garden industry....

By Jayne Gest

February 3, 2020

UPMC closes Western Maryland Health System deal

Western Maryland Health System officially has become UPMC Western Maryland, merging into the UPMC hospital network. UPMC has committed to make certain capital investments to enhance services and upgrade facilities in the Western Maryland region....

By Jayne Gest

February 3, 2020

Alcoa completes waste treatment business sale

Alcoa Corp. has completed the sale of Elemental Environmental Solutions LLC, a wholly-owned Alcoa subsidiary that operates a 1,300-acre hazardous waste treatment business in Gum Springs, Arkansas....

By Jayne Gest

February 3, 2020

PPG finalizes ICR acquisition

PPG has completed its acquisition of Industria Chimica Reggiana S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries....

By Jayne Gest

January 31, 2020

Westinghouse closes Rolls-Royce Civil Nuclear purchase

Westinghouse Electric Co. has completed its acquisition of Rolls-Royce’s Civil Nuclear Systems and Services business in North America and in select sites in Europe. The deal represents a strategic investment in expanding the company’s nuclear products and services offerings ....

By Jayne Gest

January 28, 2020

Incline Equity buys Foundation Source

Incline Equity Partners, a Pittsburgh PE firm, has acquired Foundation Source, a national provider of comprehensive support services to private foundations. The partnership should position Foundation Source to expand its services, expertise and online capabilities, fueling its long-term growth....

By Jayne Gest

January 28, 2020

Huckestein Mechanical Services sold

Pittsburgh-based Huckestein Mechanical Services Inc. has been sold to Service Logic, a portfolio company of Warburg Pincus. The Charlotte, North Carolina, business acquires companies with a focus on retaining their individual cultures and entrepreneurial spirit....

By Jayne Gest

January 28, 2020

MOUNTAIN, a System One division, buys Texas firm

System One division MOUNTAIN LTD., a Maine-headquartered engineering services provider to the telecommunications industry, has acquired Level 5 Consulting Engineers, a wireless telecommunication architecture and engineering services provider. System One is based in Pittsburgh....

By Jayne Gest

January 28, 2020

Arconic offers debt in anticipation of separation

Pittsburgh-based Arconic Inc. has proposed offering second-lien notes by Arconic Rolled Products Corp., which is currently a wholly-owned subsidiary of Arconic....

By Jayne Gest

January 27, 2020

Cohen & Grigsby sale to Denton finalized

Dentons has completed its combination of Pittsburgh-headquartered Cohen & Grigsby and Indianapolis-based Bingham Greenebaum with Dentons US, which launches the first step in forming a national law firm in the United States....

By Jayne Gest

January 27, 2020

Brashear Construction Consulting sold to Rimkus

Rimkus Consulting Group Inc., a Houston-headquartered provider of forensic engineering and consulting services, has acquired Pittsburgh-based Brashear Construction Consulting Inc., in order to expand Rimkus’ core service lines and team of technical experts....

By Jayne Gest

January 23, 2020

Boschini Miller and Associates sold

Fort Lauderdale-headquartered FMS Solutions has acquired Boschini Miller and Associates, an 18-person accounting services firm in Westmoreland County that provides support to multiple grocery, restaurant and other retail environments....

By Jayne Gest

January 22, 2020

Jamie Van Buren coaches newly minted CEOs on buying and growth

Jamie Van Buren estimates he’s bought about 20 businesses over the course of his career, but today he truly enjoys mentoring young presidents and CEOs on buying companies and strategic initiatives to help the acquired company grow....

By Jayne Gest

January 22, 2020

R&D Coatings sold to Universal Woods

R&D Coatings, which operates in Pittsburgh, has been acquired by Louisville-headquartered Universal Woods LLC, a portfolio company of Capital Partners....

By Jayne Gest

January 22, 2020

Regent Square Capital teams up to buy Generator Source

Pittsburgh private equity sponsor Regent Square Capital and Houston PE firm Galtney Partners have acquired Generator Source LLC, a sales and service provider of commercial standby generators and related services in Colorado and Southern Wyoming....

By Jayne Gest

January 21, 2020

Incline Equity raises $1.165B for latest fund

Incline Equity Partners has closed Incline Equity Partners V, L.P. and Incline Equity Partners V-A, L.P. on $1.165 billion of capital commitments. The fund was oversubscribed above its initial target of $850 million....

By Jayne Gest

January 20, 2020

Birchmere Ventures to top off fund with $10M

Pittsburgh’s Birchmere Ventures is raising another $10 million with its BV5 Annex LLC that goes along with its active Birchmere Ventures V fund, according to a SEC filing....

By Jayne Gest

January 16, 2020

Aqua America receives approval for People’s merger

Aqua America Inc., which is headquartered in Bryn Mawr, Pennsylvania, will take a new company name, Essential Utilities Inc., as of Monday, Feb. 3. The announcement comes after the Peoples acquisition received regulatory approval at the Pennsylvania Public Utility Commission’s Jan. 16 meeting....

By Jayne Gest

January 16, 2020

John Roppo: Before the sale, focus on what you can control

John Roppo has found preparation critical to the sale process. The long-time CFO, who recently started his own consulting firm, gives some tips to help companies prep for sale and focus on what they can control....

By Jayne Gest

January 15, 2020

Digital Dream Labs buys Anki Robotics & Artificial Intelligence assets

Digital Dream Labs has acquired Anki Robotics and Artificial Intelligence assets without taking on any liabilities, effective immediately. The Pittsburgh company plans to relaunch the product line, deploy new features and develop new robots....

By Jayne Gest

January 15, 2020

GA Investment joins Stratos Wealth Advisors

Stratos Wealth Advisors, a Stratos Wealth Network company, has added Pittsburgh-based GA Investment Management, with committed assets of $400 million, to its network of independent financial advisers. Stratos is headquartered in Beachwood, Ohio....

By Jayne Gest

January 15, 2020

EQT prices senior notes

Pittsburgh-headquartered EQT Corp. has priced an offering of $1 billion of its 6.125 percent senior notes due Feb. 1, 2025 and $750 million of its 7 percent senior notes due Feb. 1, 2030....

By Jayne Gest

January 15, 2020

Phoenix Rehab purchases Youngstown area clinics

Phoenix Rehabilitation and Health Services has acquired Youngstown-based TuDor Physical Therapy, which becomes the company’s first group of clinics in Ohio. This brings Phoenix’s total clinics to 117....

By Jayne Gest

January 14, 2020

UPMC Enterprises to invest $1B

UPMC Enterprises plans to deploy $1 billion to develop new drugs, diagnostics and devices by 2024. The investment group also has expanded its focus to include retinal and respiratory disease, autoimmune diseases, neuroinflammation and others....

By Jayne Gest

January 13, 2020

WESCO and Anixter to merge

Anixter International Inc. has agreed to allow Pittsburgh-based WESCO to buy Chicago area-headquartered Anixter in a transaction valued at approximately $4.5 billion. The transaction will deliver greater scale with an enhanced geographic footprint and supply chain services in the industries of network and security, electrical and electronic, and utility power....

By Jayne Gest

January 10, 2020

Grove City Medical Center closes deal with Allegheny Health Network

Allegheny Health Network and Grove City Medical Center have finalized an affiliation agreement that brings GCMC into the family of hospitals affiliated with and operated by the Pittsburgh-based health system....

By Jayne Gest

January 9, 2020

NOVA Chemicals sells Novealis ownership interest

Borealis AG and NOVA Chemicals Corp. have agreed that Borealis will buy out NOVA Chemicals’ 50 percent ownership interest in Novealis Holdings LLC. NOVA Chemicals' executive offices are in a Pittsburgh suburb....

By Jayne Gest

January 9, 2020

WESCO revises Anixter proposal in bidding war

Pittsburgh-headquartered WESCO International Inc. submitted an improved proposal to the board of Anixter International to acquire the Cook County, Illinois, company for $100 per share in cash and stock....

By Jayne Gest

January 9, 2020

Riverside buys ImPact Applications

Itasca, Illinois-based Riverside Insights, a portfolio company of Alpine Investors, has acquired ImPACT Applications Inc., a Pittsburgh provider of research-backed concussion assessments....

By Jayne Gest

January 8, 2020

CONSOL invests in CFOAM Corp

CONSOL Energy Inc. made an initial investment in the coal-to-products space by acquiring a 25 percent equity interest in CFOAM Corp. for $3.5 million. The Canonsburg-based company hopes the transaction will provide a high-margin revenue stream and intriguing new opportunities in coal....

By Jayne Gest

January 8, 2020

Westinghouse buys UK inspection company, InCon

Westinghouse Electric Co. has acquired Inspection Consultants Limited, a U.K.-based provider of inspection services. This acquisition strengthens Westinghouse’s ability to support its existing operating nuclear fleet, as well as in-service inspection customers outside of the nuclear industry....

By Jayne Gest

January 8, 2020

Wabtec purchases RELCO Locomotives

Wabtec Corp. has acquired RELCO Locomotives Inc., a player in the locomotive overhaul and maintenance industry. The acquisition expands Wabtec’s freight services capabilities and capacity to support growth in the remanufacturing and repair business....

By Jayne Gest

January 8, 2020

PPG to buy Italian manufacturer ICR

PPG has agreed to acquire Industria Chimica Reggiana S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. The strategic deal will complement PPG’s current product offering and add specialized, value-added products....

By Jayne Gest

January 7, 2020

MSA develops a better integration formula

Until a decade ago, MSA Safety hadn’t been very successful with its acquisitions. But that changed when the safety equipment manufacturer started taking an intentional approach to integration that's spearheaded by the right deal quarterback....

By Jayne Gest

January 7, 2020

Kennametal completes closures, continues restructuring

Pittsburgh-headquartered Kennametal Inc. recently completed the full closures of its manufacturing facilities in Lichtenau, Germany and Irwin, Pennsylvania, and consolidated those operations into other Kennametal facilities. The company also decided to downsize a Essen, Germany facility, rather than close it....

By Jayne Gest

January 7, 2020

Chicago’s North Square to purchase McKee in Pittsburgh

North Square Investments, a Chicago multi-boutique manager with a range of equity product offerings, has agreed to acquire a majority interest in the business of C.S. McKee L.P., a full-service institutional money manager, headquartered in Pittsburgh....

By Jayne Gest

January 6, 2020

Parkway West building sold for $41.4M

2000 Park Lane Drive, a 234,859 square foot, seven-story, Class A office property in Pittsburgh, was acquired for $41.4 million, which equates to $176 per square foot, by Property Income Advisors Inc., which was advising a Gulf-based client....

By Jayne Gest

January 6, 2020

Goff Back Alftera & Co buys Seachrist & Associates

Goff Backa Alfera & Co. LLC has acquired the audit and attestation practice of Seachrist & Associates A.C., effective Jan. 1, 2020. The former Seachrist & Associates audit team will continue to operate from Wheeling, West Virginia, and service clients in the same manner....

By Jayne Gest

January 3, 2020

Paris Healthcare Linen Services to merge with NOVO Health Services

Tuckahoe Holdings Managing Partner Peter Farrell and Paris Cos. Owner, President and CEO David J. Stern have decided to merge their subsidiary companies, NOVO Health Services and Paris Healthcare Linen Services....

By Jayne Gest

January 2, 2020

A forecast of what to expect for 2020 Dealmaking in Pittsburgh

Smart Business Dealmakers spoke with Tecum Capital’s Stephen Gurgovits Jr., S&T Bank’s Brian Dobis and Innovation Works' Rich Lunak about what they anticipate for the 2020 dealmaking climate....

By Jayne Gest

January 2, 2020

Christie & Young joins Burns White

The 13 attorneys and 12 support staff from Philadelphia-based Christie & Young PC have joined the Pittsburgh firm Burns White LLC. This expands Burns White’s reach in the Philadelphia metropolitan area and should enhance the firm’s already robust health care and professional liability practice areas....

By Jayne Gest