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December 1, 2022
To Win The Deal, Get Creative
Hartwood Point's Ben Rizzo, Continuim Equity Partners’ George Pilafas and RDX/Navisite’s Buddy Flerl on best practices in winning the deal....
By Adam Burroughs
November 29, 2022
Viatris Completes Biosimilars Transaction with Biocon Biologics
Viatris Inc. has closed its transaction with Biocon Biologics Limited, creating what Viatris expects to be a unique fully vertically integrated global biosimilars leader. ...
By Adam Burroughs
November 18, 2022
Deal Pulse Pittsburgh: Rising Interest Rates Impact Private Equity
Interest rates have become a greater challenge, leading private equity to counter by increasing the portion of equity placed into deals to better manage the cost of debt. ...
By Evan Lyons
November 18, 2022
Butler Health and Excela Health Boards Enter Into Definitive Agreement to Merge
Officials at Butler Health System and Excela Health announced that after a period of due diligence the parties have entered into a definitive agreement to combine the two organizations into a new health system....
By Adam Burroughs
November 17, 2022
Wabtec Acquires Super Metal
Wabtec Corporation announced a definitive agreement to acquire Super Metal, a supplier of automated vehicles and equipment solutions that support rail operations. This acquisition complements Wabtec's Nordco acquisition and accelerates its expansion into international markets....
By Adam Burroughs
November 15, 2022
RoadRunner Secures $20M Series D Extension from Fifth Wall
RoadRunner Recycling, a leader in comprehensive sustainable waste management, closed a $20 million Series D extension round led by Fifth Wall. The financing will support continued growth of RoadRunner's core business, expanding its enterprise offering, and doubling down on its investment in technology....
By Adam Burroughs
November 15, 2022
Arconic Completes Sale of Russian Operations
Arconic Corporation has completed the sale of 100 percent of its Russian operations to Promishlennie Investitsii LLC, the majority owner of VSMPO-AVISMA Corporation, for cash proceeds of $230 million....
By Adam Burroughs
November 4, 2022
Pitch perfect: The need for newbie entrepreneurs to improve their talk track
Project Olympus' Kit Needham on the areas where fist-time entrepreneurs stumble when seeking their earliest funding rounds....
By Adam Burroughs
November 3, 2022
DICK'S Sporting Goods Launches $50M In-House Fund DSG Ventures
DICK'S Sporting Goods has launched DSG Ventures, a $50 million in-house fund that will invest in innovative companies that hold the core belief that sports make people better. ...
By Adam Burroughs
November 1, 2022
Wesco International Finalizes Purchase of Rahi Systems
Wesco International has completed the purchase of Rahi Systems Holdings, Inc., a leading provider of global hyperscale data center solutions. ...
By Adam Burroughs
November 1, 2022
Koppers Completes Acquisition of Gross & Janes Co.
Koppers Holdings Inc. (NYSE: KOP), an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, announced that Koppers Inc., a wholly-owned subsidiary of Koppers Holdings, has closed on its acquisition of substantially all of the assets of Gross & Janes Co....
By Adam Burroughs
October 26, 2022
Dynamic Access Acquires Complete Intravenous Access Services
Dynamic Access, LLC, a market-leading provider of outsourced vascular access services, has acquired Complete Intravenous Access Services, Inc. based in Pittsburgh, Pennsylvania. ...
By Adam Burroughs
October 21, 2022
Deal Pulse Pittsburgh: M&A Outlook in a Volatile Economy
The Pittsburgh M&A market has faced the same, if not worse, headwinds as the broader U.S. Deal volume for the nine months ended September 30, 2022 was 25.6 percent lower than the same time period in 2021, while September 2022 deal volume was 50 percent lower than September 2021. Still, Pittsburgh saw the closing of several noteworthy transactions....
By Dan Bowman
October 20, 2022
Tecum Capital Partners With The Basement Doctor
Tecum Capital Management, Inc., a middle-market private equity firm, has partnered with J&D Home Improvement, Inc. d/b/a The Basement Doctor and its related entities....
By Adam Burroughs
October 17, 2022
Koppers To Acquire Gross & Janes Co
Koppers Holdings Inc., an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, today announced that Koppers Inc., a wholly-owned subsidiary of Koppers Holdings, has signed a definitive agreement to acquire substantially all of the assets of Gross & Janes Co. for an undisclosed amount....
By Adam Burroughs
October 11, 2022
Ansys To Acquire C&R Technologies
Ansys has signed a definitive agreement to acquire Thermal Desktop maker Cullimore and Ring Technologies, Inc. a/k/a C&R Technologies, the leading provider of orbital thermal analysis. Once integrated into Ansys' existing portfolio, this acquisition will further position Ansys as the industry leader of A&D and NewSpace simulation solutions. ...
By Adam Burroughs
October 8, 2022
JM Steel acquires Sun States and 5 Star Roll Form
JM Steel Corp. (JM) has purchased Five Star Roll Form, LLC. JM Steel is excited to expand its value-added roll form expertise. JM looks forward to building upon the solutions that Five Star has been giving its loyal customer base in the Trailer, Garage Door, Roofing, and Solar industries....
By Adam Burroughs
October 7, 2022
TTG Imaging Solutions Acquires Acceletronics and RadParts
TTG Imaging Solutions, LLC has acquired Acceletronics, headquartered in Exton, PA, and sister company RadParts, headquartered in Haslett, MI. ...
By Adam Burroughs
October 7, 2022
PNC Acquires Fintech Firm Linga
The PNC Financial Services Group, Inc. has acquired Linga, a point of sale (POS) and payments solutions firm providing a cloud-based restaurant operating system. The acquisition of Linga and its...
By Dan Pender
October 7, 2022
Duolingo Acquires Gunner
Duolingo, Inc., a mobile learning platform, announced it has acquired Gunner, a design and animation studio based in Detroit. Duolingo uses animation in its learning apps to drive engagement, keep...
By Dan Pender
October 7, 2022
Civista Bancshares, Inc. to Acquire Vision Financial Group, Inc.
Sandusky, Ohio-based Civista Bancshares, Inc. announced the signing of a definitive stock purchase agreement pursuant to which Civista will acquire all of the issued and outstanding shares of...
By Dan Pender
October 7, 2022
Gather AI Raises $10M
Gather AI, a supply chain robotics company, announced a $10 million Series A financing round led by Tribeca Venture Partners, with participation from existing investors Xplorer Capital, Dundee Venture...
By Dan Pender
October 7, 2022
ERIN Announces $5M Funding Round
ERIN, an employee referral platform, announced the closing of a $5 million financing round led by Reformation Partners. Reformation Partners is joined by BlueTree VC, Grouse Ridge Capital, Yoshimi...
By Dan Pender
October 7, 2022
Accessa Acquires Coatings and Supplies Distributor
Accessa, provider of high-quality coating, chemical, and equipment solutions, announced it has acquired Clark Deco in Pittsburgh. The Indianapolis-based company’s acquisition is consistent with its...
By Dan Pender
October 6, 2022
Gather AI Raises $10M Series A
Gather AI, a supply chain robotics company, received a $10 million Series A financing round led by Tribeca Venture Partners, with participation from existing investors Xplorer Capital, Dundee Venture Capital, Expa, Bling Capital, XRC Labs and 99 tartans. ...
By Adam Burroughs
October 6, 2022
RoadRunner Recycling Acquires Compology
RoadRunner Recycling, a leader in comprehensive sustainable waste management, has acquired Compology, the world's largest waste and recycling smart metering technology company....
By Adam Burroughs
October 5, 2022
F.N.B. Corp Receives Final Regulatory Approvals for UB Bancorp Merger
F.N.B. Corporation has received all regulatory clearances for its proposed merger with UB Bancorp....
By Adam Burroughs
October 3, 2022
Federated Hermes Completes Acquisition Of C.W. Henderson & Associates
Federated Hermes, Inc., a global leader in active, responsible investing, has completed the acquisition of substantially all of the assets of C.W. Henderson & Associates, Inc., a Chicago-based registered investment advisor specializing in the management of separately managed accounts that invest in tax-exempt municipal securities....
By Adam Burroughs
September 30, 2022
PNC To Acquire Linga
The PNC Financial Services Group, Inc. has acquired Linga, a point of sale and payments solutions firm providing an industry-leading, cloud-based restaurant operating system. ...
By Adam Burroughs
September 23, 2022
Len Caric on hiring mistakes
Serial entrepreneur Len Caric on what he learned from his first job, how mentorship has impacted his career, change as a motivator and work/life balance....
By Adam Burroughs
September 20, 2022
Mariner Wealth Advisors Acquires Executive Wealth Counselors
Mariner Wealth Advisors, a national wealth advisory firm, is set to acquire Pittsburgh-based Executive Wealth Counselors, LLC in a deal set to close at the end of the month. ...
By Adam Burroughs
September 13, 2022
Astrobotic Acquires Masten Space Systems
Astrobotic has acquired Masten Space Systems, a pioneering space technologies company with industry-unique suborbital payload testing services, which include a heritage of more than 600 vertical takeoff and landing (VTVL) rocket flights....
By Adam Burroughs
September 12, 2022
Barkley Acquires Smiths Agency
Barkley, one of the largest independent creative idea companies in the U.S., acquired Smiths Agency, an independent marketing company focused on delivering world-class ideas and strategies for food and beverage brands....
By Adam Burroughs
September 9, 2022
Family Business Succession is a Slow, Steady Process
The L’Herbier family was at a crossroads six years ago. The owners of Air Duct Maintenance, Kevin and Debbie L’Herbier, were looking to retire and had to decide what to do with the company they started back in 1996. They approached their children, Dan and Lauren L’Herbier, to see if they had interest in taking over leadership. After a brief period, the siblings decided to begin the succession process. It didn’t go as quickly as everyone had hoped, however. ...
By Dan Pender
September 9, 2022
ElevateBio and the University of Pittsburgh Announce Creation of Pitt BioForge BioManufacturing Center
The 30-year agreement extends ElevateBio BaseCamp's manufacturing footprint to Pittsburgh, responding to growing demand for next generation technologies, process development and GMP manufacturing capabilities...
By Dan Pender
September 9, 2022
Stevens Trucking Selects Locomation to Deploy Its Autonomous Truck Service
Locomation, a provider of autonomous trucking technology solutions, announced an eight-year agreement with Stevens Trucking Company of El Reno, Oklahoma. Locomation has previously signed contracts with Wilson Logistics, PGT Trucking, and Christenson Transportation. Stevens currently operates throughout the continental United States with its primary activity in Oklahoma, Texas, Missouri, Indiana, Illinois and Ohio....
By Dan Pender
September 9, 2022
WESCO International Merges with Anixter International
WESCO International, Inc., a provider of business-to-business (B2B) distribution, logistics services and supply chain solutions, completed its merger with Anixter International Inc., creating an industry-leading global B2B distribution and supply chain solutions company. Upon completion of the merger, Anixter became a wholly owned subsidiary of WESCO International. ...
By Dan Pender
September 9, 2022
Carnegie Mellon and Mastercard Partner To Drive Youth-led Digital Transformation in Africa
Carnegie Mellon University (CMU) and the Mastercard Foundation, in collaboration with the Government of Rwanda, are pursuing a transformational partnership in higher education and innovation in Africa to catalyze opportunities for 10,000 young people to engage with emerging technologies and lead the digital transformation of the continent....
By Dan Pender
September 9, 2022
CorePower Receives Funding to Scale Up Revolutionary Magnetics
CorePower Magnetics, a startup that delivers magnetic solutions targeting electric vehicles (EVs) and the grid, has raised $2.5 million in pre-seed funding. The round was led by Volta Energy Technologies, as well as Evergreen Climate Innovations and Innovation Works....
By Dan Pender
September 9, 2022
Waterbury Schools Partners with BloomBoard
BloomBoard and Waterbury Public Schools announced a partnership to create Waterbury U. This initiative focuses on the current teacher retention crisis while supporting the unique needs of students. Waterbury U offers teachers on-the-job professional learning opportunities to advance them in their professional journey. The program allows educators to earn graduate credit, which can lead to a full master's degree and salary advancement....
By Dan Pender
September 6, 2022
EQT Announces Strategic Bolt-On Acquisition
EQT Corporation has entered into a purchase agreement with THQ Appalachia I, LLC and THQ-XcL Holdings I, LLC whereby to which EQT has agreed to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets, for total consideration of $5.2 billion....
By Adam Burroughs
August 26, 2022
Preparing today for tomorrow’s sale
Onex Inc. President Ashleigh Walters on preparing today for tomorrow’s sale and the subsequent liquidity event....
By Adam Burroughs
August 17, 2022
Matthews International Acquires OLBRICH GmbH, R+S Automotive GmbH
Matthews International Corporation has closed on the previously announced acquisitions of German based engineering firms, OLBRICH GmbH and R+S Automotive GmbH, for EUR €43 million (approximately U.S. $45 million)....
By Adam Burroughs
August 16, 2022
L.B. Foster Acquires VanHooseCo Precast
L.B. Foster Company’s wholly-owned subsidiary CXT Incorporated has acquired VanHooseCo Precast LLC, a Loudon, Tennessee based business. ...
By Adam Burroughs
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
August 4, 2022
Tail End Capital Partners Participates in ACON Investments' New Era Cap Continuation Vehicle
Tail End Capital Partners completed a GP-led secondary investment into a Continuation Vehicle that purchased equity interests in New Era Cap, LLC. New Era is a 102-year old company that has established itself as the largest global authentic headwear and lifestyle brand in licensed sports. New Era’s iconic brand serves as the official headwear license partner for Major League Baseball, the National Football League and the National Basketball Association as well as 170+ other licensed partnerships around a variety of headwear, apparel and accessory products. ...
By Adam Burroughs
