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April 10, 2024

Pitsburgh Deal Activity: Increased scrutiny on forecasts in a volatile market

While the primary impetus for this change in buyer perspective stems largely from the pandemic and other macroeconomic factors like interest rate increases and complex geopolitical conditions, we expect that this aspect of buyer assessment will become a regular step in the deal process for the foreseeable future....

By Daniel Bowman

April 4, 2024

Carmell Announces $3M Private Placement

Carmell Corp., a bio-aesthetics company focused on skin and hair health, has entered into a securities purchase agreement with new and existing investors for the issuance and sale of approximately 1,333,333 shares of its common stock in a private placement at a price of $2.25 per common share for aggregate gross proceeds of 3 million dollars before deducting offering expenses....

By SBN Staff

April 2, 2024

Koppers Completes Acquisition of Brown Wood Preserving Co.

Koppers Utility and Industrial Products Inc., a wholly owned subsidiary of Koppers Holdings Inc., has completed its acquisition of substantially all assets of Brown Wood Preserving Co. Inc. and certain of its affiliates for approximately $100 million in cash....

By SBN Staff

April 1, 2024

Product Evaluation Systems LLC Joins ATS Family

Product Evaluation Systems LLC is the newest member of the Applied Technical Services Family of Companies....

By SBN Staff

April 1, 2024

Wesco Finalizes Sale of Integrated Supply Business to Vallen

Wesco International has completed the sale of its Wesco Integrated Supply business to Vallen Distribution Inc., a portfolio company of Nautic Partners LLC, for a purchase price of $350 million....

By SBN Staff

March 30, 2024

RHI intends to acquire Resco Group

RHI Magnesita intends to acquire Resco Group....

By SBN Staff

March 7, 2024

It's Complicated: Earnouts And Their Impact On A Deal

The full Pittsburgh Smart Business Dealmakers Conference Kickoff panel offer their takes on the earnout's role in a deal — for better and worse. ...

By Adam Burroughs

February 28, 2024

Koppers Signs Agreement to Acquire Brown Wood Preserving

Koppers Holdings Inc. signed an agreement to acquire substantially all assets of Brown Wood Preserving company and certain of its affiliates for approximately $100 million in cash. ...

By SBN Staff

February 28, 2024

Black Tech Nation Ventures Closes $50M Inaugural Fund

Black Tech Nation Ventures, a Pittsburgh-based venture firm, closed a $50 million inaugural fund....

By SBN Staff

February 23, 2024

Wesco Enters Agreement to Sell Integrated Supply Business to Vallen Distribution

Wesco International has entered into a definitive agreement to sell its Wesco Integrated Supply business to Vallen Distribution....

By SBN Staff

February 21, 2024

Announcing Pittsburgh's Smart Business Network Dealmaker Award Winners and 2024 Dealmakers Hall of Fame Class!

Here are the Pittsburgh Dealmaker of the Year Award honorees and Hall of Famers we're recognizing this year!...

By SBN Staff

February 21, 2024

StateServ acquires Delta Care Rx

StateServ has completed its acquisition of Delta Care Rx, a national pharmaceutical care provider based in Pittsburgh. ...

By SBN Staff

February 21, 2024

Blackbird Health raises $17M in Series A funding

Blackbird Health, a neuroscience-led and technology-backed youth mental health provider, raised $17 million in series A funding. ...

By SBN Staff

February 15, 2024

LIVE365 acquires customers of Christian Netcast

Live365, the one-stop shop for internet radio stations, is partnering with ChristianNetcast to provide complete streaming services for the network’s faith-based broadcasters....

By SBN Staff

February 12, 2024

CNX Resources sells private offering of $400M of senior notes

CNX Resources Corp. intends, subject to market and other conditions, to offer and sell in a private placement to eligible purchasers $400 million of senior notes due 2032....

By SBN Staff

January 23, 2024

Ansys and Humanetics expand partnership

Ansys has entered into a definitive agreement to acquire a minority ownership interest in Humanetics from Bridgepoint, the global private equity firm that first invested in Humanetics in 2018. ...

By SBN Staff

January 12, 2024

Nippon Steel Corporation to Acquire U. S. Steel

Nippon Steel Corporation, Japan’s largest steelmaker and one of the world’s leading steel manufacturers, and United States Steel Corporation, a leading steel producer with competitive advantages in...

By Staff Reports

January 12, 2024

Giant Oil Acquires American Natural Retail

American Natural Retail has been sold to Giant Oil, according to an announcement by Cleopatra Resources. The acquisition includes 11 convenience stores, and an additional two company-operated retail...

By Staff Reports

January 12, 2024

Opta Group Acquires Anker Industries

Opta Group, a portfolio company of Speyside Equity Advisers, announced its acquisition of Anker Industries LLC effective December 20, 2023. Anker supplies the steel and foundry industries with...

By Staff Reports

January 12, 2024

Alliance Technical Group’s Two Strategic Acquisitions Finishes Another Record Year of Growth

Alliance Technical Group, a prominent leader in the environmental compliance sector, announced the successful acquisition of two significant assets. These acquisitions represent key advancements in...

By Staff Reports

January 12, 2024

DQE Communications To Be Acquired by GI Partners

GI Partners, a leading investor in data infrastructure businesses, announced it has signed an agreement to acquire DQE Communications from its parent company, Pittsburgh-based Duquesne Light Holdings...

By Staff Reports

January 12, 2024

First Insight Acquires SnapRetail

First Insight, Inc., a global leader in Voice of the Customer (VoC) retail solutions, recently announced its acquisition of SnapRetail, a Pittsburgh-based, digital marketing platform aimed at boosting...

By Staff Reports

January 12, 2024

Lynx Software Technologies Announces Acquisition of Timesys Corporation

Lynx Software Technologies (Lynx), a leader in the development of foundational, open architecture software solutions for the Mission Critical Edge, announced the acquisition of Timesys Corporation...

By Staff Reports

January 11, 2024

When It Comes To Assessing Culture, Listen To Your Gut

HB Global's Bob Whalen on the critical importance of culture in a deal and how to assess it....

By Adam Burroughs

December 1, 2023

Level Agency's Patrick Patterson Raises The Growth Bar

Level Agency's Patrick Patterson on the management buyout, how he connected with his PE backers and what it took to close the deal, what life is like with a PE partner and the agency's plans for the future....

By Adam Burroughs

November 29, 2023

Westinghouse Completes 100% Acquisition of Tecnatom

Westinghouse Electric Company has made a full acquisition of long-standing partner Tecnatom from Endesa after obtaining all regulatory approvals....

By Adam Burroughs

November 27, 2023

System One Acquires KeyLogic

System One, a provider of outsourced services and workforce solutions, has acquired KeyLogic...

By Adam Burroughs

November 17, 2023

NewLake Tenant, Calypso Enterprises, Closes on Sale of the Company

Hero Diversified Associates, Inc. has sold Calypso Enterprises, which is a NewLake tenant, to Canvas Acquisition Corporation, LLC....

By Adam Burroughs

November 7, 2023

Herbein Acquires Creese, Smith, Hune & Co.

CPA advisory firm Herbein + Company, Inc. has acquired Creese, Smith, Hune & Co. LLC, a Greater Pittsburgh certified public accounting firm....

By Adam Burroughs

November 3, 2023

Free Market Health Closes $20M Equity Financing

Free Market Health, a healthcare technology company announced a $20M Series B fundraise led by Questa Capital, a healthcare venture capital firm that invests in breakout growth companies, with...

By Dan Pender

November 3, 2023

Abridge raises $30M to Accelerate Adoption of its Proven Generative AI Solution across U.S.

Abridge, a generative AI for clinical documentation company, announced a Series B raise of $30 million, led by Spark Capital. The round also included existing investor Bessemer Venture Partners, as...

By Dan Pender

November 3, 2023

LyGenesis Raises $19M in Series A-2 Funding Led by Prime Movers Lab

LyGenesis, a clinical-stage biotechnology company developing cell therapies for patients with end stage liver disease, type 1 diabetes, end stage renal disease, and aging announced it has raised more...

By Dan Pender

November 3, 2023

Cordia Acquiring Three Cutting-Edge Energy Systems from Essential Utilities in Allegheny County

Cordia, a provider of safe, reliable, and sustainable energy solutions, announced it has signed a binding agreement to acquire three microgrids and district energy systems in Allegheny County,...

By Dan Pender

November 3, 2023

Ven Raju On Investor Opportunities In Pittsburgh

After years of investing in early-stage companies in the SaaS, robotics, Internet of Things, health and fin tech spaces, Ven Raju has taken his talents from New York to Pittsburgh where he now heads...

By Adam Burroughs

October 6, 2023

Conduent’s BenefitWallet HSA Portfolio Moving to HealthEquity

Conduent Incorporated, a global technology-led business solutions and services company, and HealthEquity, Inc., the nation’s largest health savings account (HSA) administrator, today announced that...

By Dan Pender

October 6, 2023

Symetryx Acquires 20% Stock In Neubase

Symetryx Corporation announced it has acquired 20% of the issued and outstanding common stock in Neubase Therapeutics Inc. Symetryx is now urging the Board to issue a special $1 per share dividend....

By Dan Pender

October 6, 2023

Amergin Asset Management Acquires More Than 6,000 Railcars From PNC Bank

Amergin Asset Management (AAM) today announced that Amergin Rail, a portfolio company of certain funds managed by AAM, has acquired PNC Bank's operating railcar portfolio. The purchase included more...

By Dan Pender

October 6, 2023

Knockout.news Acquires Squaredcirclesirens.com and Thewrestlinganswer.com

Knockout.news is officially launching as the newest authority in wrestling news through the acquisition of the revered wrestling websites SquaredCircleSirens.com and TheWrestlingAnswer.com. This union...

By Dan Pender

October 6, 2023

Partners Personnel Acquires Chartwell Staffing

Partners Personnel announced its acquisition of Chartwell Staffing. Partners Personnel's strategic acquisition of Chartwell Staffing and its hundreds of clients and thousands of associate employees...

By Dan Pender

October 6, 2023

NHN Global Announces Acquisition of Cloudnexa

NHN Global, Inc. announced the completion of its acquisition of Cloudnexa, Inc.,an Amazon Web Services (AWS) Premier Consulting Partner and certified AWS Managed Services Provider. Cloudnexa has long...

By Dan Pender

October 6, 2023

Interest Rates Effect Strategy, But Multiples Remain Insulated

Interest rates have an impact on a variety of factors — not just in M&A, but in business in general. That's causing businesses to develop strategies to minimize the impact of those rising rates to...

By Adam Burroughs

September 1, 2023

Xylem To Acquire Evoqua in $7.5 Billion All-Stock Transaction

Xylem Inc., a global water technology company, and Evoqu, a mission-critical water treatment solutions and services company, announced they have entered into a definitive agreement under which Xylem...

By Dan Pender

September 1, 2023

OCLI Vision Acquires Crossroads Eye Care Associates

Spectrum Vision Partners announced the acquisition of Crossroads Eye Care Associates to continue to build the AIO|OCLI Vision presence in Pittsburgh. Crossroads Eye Care Associates is dedicated to...

By Dan Pender

September 1, 2023

Arconic Shareholders Approve Acquisition by Apollo Funds

Arconic Corporation announced its shareholders have voted at a special meeting of Arconic shareholders to approve the Company's pending acquisition by funds managed by affiliates of Apollo including a...

By Dan Pender

September 1, 2023

USW Responds to U.S. Steel Plans to Review Sale Options

The United Steelworkers union (USW), which represents more than 11,000 hourly workers at U.S. Steel facilities across the United States, recently released the following statement: "The USW has been in...

By Dan Pender

September 1, 2023

NexTier, Inc. and Mars Bancorp, Inc. Announce Merger

NexTier, Inc., the holding company of NexTier Bank, N.A., and Mars Bancorp, Inc., the holding company of Mars Bank, jointly announced the parties have entered into a definitive agreement for NexTier...

By Dan Pender

September 1, 2023

EQT Completes Acquisition of Tug Hill and XcL Midstream

EQT Corporation announced it has closed its previously announced acquisition of THQ Appalachia I Midco, and THQ-XcL Holdings I Midco, LLC. Final consideration after purchase price adjustments was...

By Dan Pender

September 1, 2023

Carmell Announces Successful Closing of Merger with Axolotl Biologix and Launch of a New Brand Identity

Carmell Corporation, a regenerative care company announced the successful closing of the previously announced merger with Flagstaff-based Axolotl Biologix, a profitable regenerative medicine company...

By Dan Pender

September 1, 2023

Wellist Founder Ashley Reid On The Importance Of Perspective

Wellist Founder and CEO Ashley Reid discusses growing into the company's national presence, what outside board seats have taught her about running her own business and the evolution of the company's fundraising....

By Adam Burroughs

August 4, 2023

Carmell Therapeutics Merges With Axolotl Biologix

Alpha Healthcare Acquisition Corp. III, a special purpose acquisition company led by Mr. Rajiv Shukla, today announced the successful completion of its business combination (the “Business...

By Dan Pender