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Local Deals - Articles

July 12, 2019

Tower International set to be acquired by Autokiniton Global for $900M

Tower International Inc. is set to be acquired by Autokiniton Global Group in a deal valued at $900 million....

By Adam Burroughs

July 12, 2019

Volkswagen AG to invest $2.6B in Argo AI

Volkswagen AG will invest $2.6 billion in Pittsburgh-based Argo AI by committing $1 billion in funding and contributing its Autonomous Intelligent Driving company, valued at $1.6 billion. The culmination of this deal leads a valuation that exceeds $7 billion for the self-driving startup....

By Jayne Gest

July 11, 2019

Brennan Industries buys Miric Engineering

Cleveland’s Brennan Industries Inc. has acquired Miric Engineering, a Nottingham, UK-based manufacturer of standard and special fittings and adapters....

By Adam Burroughs

July 11, 2019

Riverside leverages CertaSite into fire safety platform

Private equity firm The Riverside Co. is leveraging CertaSite into a fire and life safety platform....

By Adam Burroughs

July 11, 2019

Riverside invests in Compana, adds to GermanPersonnel portfolio company

The Riverside Co., a global private equity firm, has completed an investment in Compana, a German provider of recruitment software solutions for the temporary staffing sector and other verticals with complex recruiting requirements....

By Adam Burroughs

July 11, 2019

TravelCenters of America backs QuikQ

TravelCenters of America LLC has provided a strategic investment in QuikQ LLC, an independent full-service fuel payment solutions provider founded in 2008....

By Adam Burroughs

July 11, 2019

Tekni-Plex buys Geraldiscos

A Tekni-Plex subsidiary has purchased Brazilian closure liner manufacturer Geraldiscos, which will become part of Tekni-Plex's Tri-Seal business....

By Adam Burroughs

July 11, 2019

CORE Industrial Portfolio Company Buys Cal-X

Headquartered in Wisconsin, Cal-X offers rapid prototyping and short-run production services through its in-house capabilities....

By Mark Scott

July 11, 2019

Community Loudspeakers bought in Biamp Systems deal

Community Loudspeakers based in Philadelphia, has been acquired by Biamp Systems, a supplier of professional audio and video solutions based in Beaverton, Oregon, through its purchase of Audioprof Group International from 3d Investors of Gent, Belgium....

By Adam Burroughs

July 11, 2019

Three-building purchase finalizes Teva Pharmaceuticals’ R&D campus in West Chester

Teva Pharmaceuticals USA Inc. has completed the purchase of three buildings on Brandywine Parkway in West Chester, which, together with three other buildings Teva owns in the same corporate park, firmly establishes a North America Research & Development campus focused primarily on biologics....

By Adam Burroughs

July 11, 2019

Incline Equity closes fund extension with $314.5M raised

Pittsburgh-based private equity firm Incline Equity Partners has closed its first fund extension platform, Incline Elevate Fund L.P., with $314.5 million in capital commitments, surpassing an initial target of $250 million after two months of marketing....

By Jayne Gest

July 11, 2019

American Eagle authorizes 30M more shares for repurchase

American Eagle Outfitters Inc.’s board has authorized an additional 30 million shares for repurchase through Feb. 3, 2024. This brings the shares available for purchase under the company’s publicly announced share repurchase authorizations, as of July 10, 2019, to approximately 37.4 million....

By Jayne Gest

July 11, 2019

Tecum Capital invests in National Power

Tecum Capital Partners has invested in National Power Corporation, a Raleigh, North Carolina, company that assembles custom battery packs for the global OEM market. Tecum partnered with SBIC mezzanine lender C3 Capital Partners to provide subordinated debt and equity to support the transaction led by Valley Ridge Investment Partners....

By Jayne Gest

July 11, 2019

Motorola Solutions Buys WatchGuard

WatchGuard designs and manufactures in-car video systems, body-worn cameras, evidence management systems and software....

By Mark Scott

July 11, 2019

Orchestra BioMed completes $34M Series B-1 preferred stock financing round

New Hope-based Orchestra BioMed Inc., a biomedical innovation company working in procedure-based medicine, has completed a $34 million Series B-1 preferred stock financing....

By Adam Burroughs

July 11, 2019

Kennametal to close Westmoreland County facility with restructuring

Kennametal Inc. plans to close its manufacturing facility in Irwin, Pennsylvania, as well as two manufacturing facilities and a distribution center in Germany. The restructuring actions should facilitate a simplified and leaner structure, while further positioning the company for long-term profitable growth....

By Jayne Gest

July 11, 2019

LBC Credit Partners supports acquisition for Silver Oak Services’ platform company

Philadelphia’s LBC Credit Partners, a provider of financing solutions to middle-market companies, provided senior secured credit facilities to support the acquisition of e+CancerCare by Integrated Oncology Network LLC, a portfolio company of Silver Oak Services Partners LLC, a private equity investment firm based in Evanston....

By Adam Burroughs

July 11, 2019

Cosaint Insurance bought by Hub International Limited

Cosaint Insurance Partners LLC, an independent insurance agency headquartered in Conshohocken, has been acquired by Chicago’s Hub International Limited, a global insurance brokerage....

By Adam Burroughs

July 10, 2019

Blue Point Capital adds two companies to TAS Environmental platform

Blue Point Capital Partners and its Blue Point IV portfolio company, TAS Environmental Services, have acquired of Frac-N-Vac Tanks and Duckwater Services, acquisitions that are expected to strengthen TAS’s geographic presence and provide a gateway for the combined companies to expand into a broader suite of services and markets....

By Adam Burroughs

July 10, 2019

Ohr gains approval for NeuBase’s reverse merger

Ohr Pharmaceutical Inc.’s proposed merger with NeuBase Therapeutics Inc. was approved by stockholders. The deal will create a public company under which the stockholders of Pittsburgh-based NeuBase become majority holders of the combined company....

By Jayne Gest

July 10, 2019

System One buys Oklahoma staffing firm

Pittsburgh-based System One has acquired The Rowland Group, a staffing firm with offices in Tulsa, Oklahoma and Houston. The strategic addition of The Rowland Group introduces combined capabilities to the Tulsa market and enhances System One’s existing presence in the Houston area....

By Jayne Gest

July 10, 2019

Polley Associates buys real estate institute from Hondros Education Group

Polley Associates School of Real Estate in Newtown Square, Pennsylvania, has acquired the Schlicher-Kratz Institute from Columbus, Ohio-based Hondros Education Group. The Montgomeryville acquisition is expected to bring new opportunities to real estate professionals throughout eastern Pennsylvania....

By Jayne Gest

July 10, 2019

Rice brothers gain control of EQT in proxy fight

Activist investors have won control of the EQT Corp. board, bringing to an end a nine-month battle for the largest U.S. natural gas producer, Bloomberg reports. Brothers Toby and Derek Rice, who own 3 percent of the shares, won seven of the 12 seats, and the new board is expected to name Toby CEO....

By Jayne Gest

July 10, 2019

Lineal Industries purchase finalized

Camber Energy Inc., based in Houston, has closed its previously announced all-stock acquisition of Lineal Star Holdings LLC, which is the parent company of Pittsburgh’s Lineal Industries Inc. Camber plans to expand the Lineal brand....

By Jayne Gest

July 10, 2019

Green Growth Brands combines with MXY Holdings

Green Growth Brands Inc. has agreed to create a new Ontario limited partnership with MXY Holdings LLC, among others, where GGB will acquire the issued and outstanding units of Moxie in an all-equity interest transaction for around $310 million. The plan is to create the first 360-degree cannabis company....

By Jayne Gest

July 10, 2019

Cheetah Digital Buys Denver-based Wayin

The acquisition is expected to strengthen Cheetah Digital’s ability to help marketers collect zero- and first-party data and preference insights that can drive more meaningful customer engagement....

By Mark Scott

July 10, 2019

Pritzker Private Capital To Buy Ohio-Based Valicor

Pritzker Private Capital is investing alongside Valicor’s management team, which will continue to lead the business....

By Mark Scott

July 10, 2019

Hillrom Sells Surgical Consumable Products Assets To Audax

The deal is expected to strengthen Hillrom's ability to focus resources across its portfolio and underscores the company's strategic focus on high-growth, high-margin categories where it can demonstrate leadership....

By Mark Scott

July 9, 2019

OCSiAl becomes unicorn company with $1B valuation

OCSiAl, which has its Americas headquarters in Columbus, was added to the CB Insights Global Unicorn Club, a list of startup companies valued at $1 billion or more. OCSiAl made the list after A&NN Investments, a Russian investment firm, acquired a 0.5 percent stake in the company for $5 million....

By Jayne Gest

July 9, 2019

Navigator Management Partners purchased by Avaap

Avaap has acquired Columbus-based Navigator Management Partners, a cross-platform management and technology consulting firm specializing in ERP systems, business intelligence and change management. The strategic acquisition expands the Edison, New Jersey, firm’s capabilities....

By Jayne Gest

July 9, 2019

Industrial Scientific to buy SAFER Systems

Industrial Scientific has agreed to acquire SAFER® Systems, which is based in the Los Angeles-area. The acquisition adds SAFER Systems’ capabilities in hazard analysis and risk assessment to Industrial Scientific’s core functionality in connected sensing and predictive analytics....

By Jayne Gest

July 9, 2019

Fahey Group buys Robin Autopilot

Fahey Group LLC, a Cleveland-based group led by entrepreneur Logan Fahey, has acquired Robin Autopilot, a rapidly growing maker of robotic mowers for the U.S. market....

By Adam Burroughs

July 9, 2019

Easton’s Victaulic buys Globe Fire Protection

Victaulic, an Easton-based producer of mechanical pipe joining solutions, has purchased Globe Fire Sprinkler....

By Adam Burroughs

July 9, 2019

AdaptHealth, DFB to merge

When AdaptHealth Holdings LLC merges with DFB Healthcare Acquisitions Corp., DFB will be renamed AdaptHealth Holding Corp. and the company then worth an enterprise value of approximately $1 billion will be listed on NASDAQ under a new ticker symbol....

By Adam Burroughs

July 9, 2019

Elgin-Based HFRI Buys PARA HealthCare

HFRI is backed by Housatonic Partners, a San Francisco and Boston-based private equity firm....

By Mark Scott

July 9, 2019

Safco Dental Supply Sold to PNC Riverarch Capital

Safco is a distributor of brand-name and private-label dental supplies to independent dental practices throughout the contiguous U.S....

By Mark Scott

July 9, 2019

Beaumont Health To Buy Summa Health

The two health systems, with combined annual revenue of more than $6 billion, have signed a letter of intent to draft a definitive agreement and expect to finalize a deal by the end of the year. Summa Health would maintain local leadership, including a local board....

By Mark Scott

July 9, 2019

Mobile Doorman Closes On $6.5M Round of Expansion Capital

The latest funding round is expected to serve as a launching pad for new product feature developments aimed at unlocking additional revenue streams for property owners and managers, as well as the company's further expansion into the multifamily industry....

By Mark Scott

July 9, 2019

CIBC Agrees To Buy Milwaukee-based Cleary Gull

CIBC is based in Toronto, with its U.S. headquarters in Chicago. The company has 10 million personal banking, business, public sector and institutional clients....

By Mark Scott

July 9, 2019

Hub International Buys The Crichton Group

With TCG, Hub is creating a new regional Hub to be called Hub Mid-South, which will include Hub's existing operations in Tennessee, as well as Kentucky, with the goal of finding other strong partners in those states....

By Mark Scott

July 9, 2019

BRG Closes Deal To Buy Prism Healthcare

The combined group, BRG | Prism Healthcare, becomes one of the nation’s largest healthcare performance improvement consulting firms....

By Mark Scott

July 8, 2019

Spark, Roche deal put on hold

Spark Therapeutics’ acquisition by Roche has been put on hold as the two companies agreed to extend the deadline for the Swiss drugmaker’s $4.3 billion takeover bid for the U.S. gene therapy specialist, according to Reuters. The report noted that Roche remains committed to a deal....

By Adam Burroughs

July 8, 2019

Frantz Ward buys Kadish, Hinkel & Weibel

Frantz Ward LLP has acquired the Cleveland-based law firm of Kadish, Hinkel & Weibel, adding a team of six staff and 11 attorneys....

By Adam Burroughs

July 8, 2019

Pinnacle Dermatology Buys Bolingbrook Dermatology

Pinnacle is a portfolio company of Chicago Pacific Founders and has practice locations in Illinois, Indiana, Michigan and Minnesota....

By Mark Scott

July 3, 2019

Velosio buys Synergy Business Solutions

The strategic acquisition is intended to expand Velosio’s delivery model and strengthen its services industry offerings....

By Jayne Gest

July 3, 2019

UGI to buy Columbia Midstream for $1.3B

The acquisition significantly expands UGI’s midstream portfolio and provides an opportunity to invest an additional $300 million to $500 million over the next five years at attractive returns....

By Jayne Gest

July 3, 2019

Sweden's Hexpol Buys Preferred Compounding From PE Owner

Preferred Compounding was the second-largest rubber compounder in North America – behind Hexpol — with 2018 sales of about $240 million. It has 540 employees at five U.S. factories and one in Mexico....

By Michael Marzec

July 3, 2019

Cedar Fair Buys Sawmill Creek Resort in Huron

CEO Richard Zimmermann said the company plans to upgrade and modernize Sawmill Creek's guest rooms, resort facilities and infrastructure over the next two years....

By Michael Marzec

July 3, 2019

OMNOVA being bought by UK-based Synthomer for $445M

Synthomer has agreed to pay $10.15 a share in cash, a premium of 52% over OMNOVA's three-month weighted average share price of $6.67....

By Michael Marzec

July 3, 2019

Kentucky Hotel Operator Buys Courtyard Columbus-Dublin

Commonwealth Hotels, founded in 1986, provides hotel management services for branded full service and select service hotels....

By Michael Marzec