Local Deals - Articles
March 22, 2019
Lear invests in Israeli Venture Fund in Mobility Space
Lear has invested an undisclosed amount in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology....
By Adam Burroughs
March 22, 2019
IPSCO Tubulars sold to Tenaris
IPSCO Tubulars, which has two Western Pennsylvania facilities, has been acquired by Tenaris for $1.209 billion....
By Adam Burroughs
March 21, 2019
BGL oversees Miller Environmental Group sale to PE firm
Brown Gibbons Lang & Co.'s Environmental & Industrial Services team served as the exclusive financial adviser in the sale of Miller Environmental Group Inc. to GenNx360 Capital Partners....
By Adam Burroughs
March 21, 2019
Soave Enterprises buys New Center Stamping
Soave Enterprises has acquired New Center Stamping Inc., a stamping, assembly and engineering firm in Detroit’s Milwaukee Junction neighborhood....
By Adam Burroughs
March 21, 2019
Huntington Tower is on the block
Akron’s tallest building is officially for sale. Huntington Tower, the home of Huntington Bank and 1,200 of its employees, has no asking price yet....
By Adam Burroughs
March 21, 2019
3-D startup Kaarta raises $6.5M
The developer of real-time mobile 3D reality capture raised the funds to accelerate the growth of its mobile mapping and localization technology....
By Adam Burroughs
March 20, 2019
Polychem Corp. acquired by Houston’s The Sterling Group
Mentor’s Polychem Corp. has been acquired by The Sterling Group, an operationally focused middle market private equity firm out of Houston....
By Adam Burroughs
March 20, 2019
Lubrizol expands natural, botanical offerings with acquisition of French supplier
The Lubrizol Corp. has acquired Laboratoire Phenobio, a French supplier of naturally-derived extracts and botanical active ingredients....
By Adam Burroughs
March 20, 2019
Horizon Global Corp. gets liquidity injection with $51M loan
Horizon Global Corp. has closed a new financing agreement to provide additional liquidity and has amended its existing term debt agreement to relax financial covenants....
By Adam Burroughs
March 20, 2019
Scotts Miracle-Gro dumps its stake in TruGreen for $234M
Scotts Miracle-Gro Co. has sold its 30 percent stake in TruGreen to the majority owner for approximately $234 million in a move to reduce debt and maximize shareholder value....
By Adam Burroughs
March 19, 2019
Continental Services nabs Sterling Services for 5th acquisition in 18 months
Continental Services, Michigan’s largest food management company, has acquired Canton-based Sterling Services, creating Michigan’s largest founder-owned contract dining management company....
By Adam Burroughs
March 19, 2019
ACP-backed Pleatco buys APEL, Milton to expand air filtration services
Align Capital Partners portfolio company Pleatco Filtration has expanded into the industrial air filtration market with the acquisitions of APEL International and Milton Manufacturing....
By Adam Burroughs
March 19, 2019
MC Group continues aggressive growth strategy, acquires Coastal Signage + Wayfinding
MC Group has closed its second acquisition in just over year, announcing it has purchased Coastal Signage + Wayfinding, a full-service solutions provider based in Oceanside, California....
By Adam Burroughs
March 19, 2019
Installed Building Products to acquire 1st State Insulation
The deal adds approximately $8.8 million in annual revenue for the installation contractor, which has over 7,000 employees at more than 175 locations nationwide....
By Adam Burroughs
March 15, 2019
Case licensee NervGen Pharma raises $7.5M in IPO
The Vancouver-based company, which has licensed regenerative medicine technology from Case Western Reserve University, said it plans to raise another $500,000 in a private placement....
By Michael Marzec
March 15, 2019
PriorAuthNow raises $6.2M
Health care startup PriorAuthNow Inc. has received $6.2 million in funding from a Santa Monica-based investment firm, bringing its five-year total above $22M....
By Adam Burroughs
March 14, 2019
EQM Midstream to buy assets in Utica, Marcellus for $1.03 billion
EQM Midstream Partners is set to acquire a 60 percent interest in Eureka Midstream Holdings and 100 percent interest in Hornet Midstream Holdings for $1.03 billion....
By Adam Burroughs
March 14, 2019
TransDigm wraps up $4B Esterline deal
TransDigm Group Inc. has completed the acquisition of Esterline Technologies Corp., a specialized manufacturer serving the global aerospace and defense industries....
By Adam Burroughs
March 14, 2019
Incline Equity’s Continental Batteries gets a boost, buys Battery Sales & Service
Continental Batteries, a battery distributor and a portfolio company of Pittsburgh private equity firm Incline Equity Partners, is acquiring Battery Sales & Service in its sixth acquisition in just over seven months....
By Adam Burroughs
March 14, 2019
Ampco-Pittsburgh plans to sell ASW Steel
Ampco-Pittsburgh Corp. is set to sell its Canadian subsidiary, ASW Steel Inc. ASW, a specialty steel-making facility located in Welland, Ontario, has been classified as a discontinued operation...
By Adam Burroughs
March 14, 2019
Chicago developer plans Columbus Castings project
CRG, the Chicago-based real estate development arm of Clayco Inc., is planning a major spec warehouse project at the former Columbus Castings property, according to published reports.CRG told The...
By Michael Marzec
March 13, 2019
Highmark, Geisinger complete $100M clinical joint venture
Health care companies Highmark Inc. and Geisinger have completed their previously announced clinical joint venture, which will invest more than $100 million to expand health care services and improve access to healthcare in four north-central Pennsylvania counties....
By Adam Burroughs
March 13, 2019
PNC to sell part of its record-keeping business to Newport Group
The transaction will enable PNC to focus on providing fiduciary investment advice to retirement clients — one of its core businesses — while helping Newport expand through the complementary acquisition....
By Adam Burroughs
March 12, 2019
Huron-backed Ronnoco Coffee gulps down add-on
Huron Capital’s platform company Ronnoco Coffee has acquired Beverage Solutions Group, expanding its national footprint from 35 to 43 states and provides additional distributor relationships.The deal...
By Adam Burroughs
March 11, 2019
NeuBase Therapeutics gets $9M in financing
NeuBase Therapeutics Inc., a Pittsburgh biotechnology company developing antisense therapies to address rare genetic diseases, has landed $9 million in financing ahead of the company’s proposed merger with Ohr Pharmaceutical Inc....
By Adam Burroughs
March 11, 2019
DLZ grows in Midwest with Johnson & Anderson acquisition
Architecture and engineering firm DLZ Corp. has acquired Johnson & Anderson Engineers, a civil engineering firm that works in the areas of municipal, water and wastewater engineering, survey and construction services....
By Adam Burroughs
March 11, 2019
Enesco completes acquisition of Things Remembered
Giftware seller and distributor Enesco LLC has completed its acquisition of Things Remembered Inc., preserving 176 stores and 1,400 jobs while expanding the company's offerings....
By Adam Burroughs
March 11, 2019
Army gives Carnegie Mellon $72M to fund AI defense research
Carnegie Mellon University, specifically its Combat Capabilities Development Command Army Research Laboratory, is being awarded $72 million from the U.S. Army over five years for fundamental (publishable) artificial intelligence research....
By Adam Burroughs
March 11, 2019
Preformed Line Products buys Austrian SubCon Electrical Fittings
Preformed Line Products Co., a manufacturer of energy and communications infrastructure, has acquired SubCon Electrical Fittings GmbH, an Austrian manufacturer of substation connector systems and electrical accessory hardware....
By Adam Burroughs
March 8, 2019
L Brands pressed to spin off Victoria’s Secret
Activist investor Barington Capital is urging L Brands to spin off its struggling Victoria Secret brand, in part to protect its thriving Bath & Body Works brand, which Barington says should be taken...
By Adam Burroughs
March 7, 2019
Innovest Global signs LOI to buy Columbus company
The company says its acquisition target generated $4.2 million in revenue with income of $300,000 in owner benefit in 2018....
By Michael Marzec
March 6, 2019
McGowan Cos. acquires, rebrands Edgewater Holdings
The McGowan Cos. has purchased the assets of another insurance underwriter, Edgewater Holdings Ltd., in a move McGowan President and CEO Thomas B. McGowan IV said will further the company’s national growth strategy....
By Adam Burroughs
March 6, 2019
The Incline for sale as parent pivots
Spirited Vice President of Strategy Chris Krewson, in a post on Medium, said the company is in talks with local buyers to pick up the digital property....
By Adam Burroughs
March 6, 2019
Touchtown acquired by Uniguest
Touchtown, a Pittsburgh-based senior living community engagement technology provider, is being acquired by Nashville-based Uniguest, which is looking to capitalize on increased demand for digital...
By Adam Burroughs
March 6, 2019
Cancer support organizations merge
Two cancer support organizations, Gilda’s Club Metro Detroit and The Lake House, are merging to continue, broaden and strengthen support for families facing cancer throughout metro Detroit.The Lake...
By Adam Burroughs
March 5, 2019
WESCO closes Sylvania Lighting purchase
WESCO Services, LLC, a subsidiary of Wesco International, has acquired certain assets of Sylvania Lighting Solutions from OSRAM Sylvania, including its business operations in the United States and Canada....
By Adam Burroughs
March 5, 2019
Beachwood’s NeverBounce acquired by B2B intelligence platform DiscoverOrg
Beachwood, Ohio-based email verification company NeverBounce is being acquired by DiscoverOrg, a B2B marketing intelligence firm based in Vancouver. The deal will help DiscoverOrg enhance its existing sales and marketing services and solutions for B2B companies....
By Adam Burroughs
March 5, 2019
RHP pays $170M for 17 manufactured home sites
Farmington Hills-based RHP Properties, an owner and operator of manufactured home communities, has acquired 17 communities in five states.The $170 million acquisition includes 3,177 sites in five...
By Adam Burroughs
March 5, 2019
Resilience Capital Partners sells Thermal Solutions Manufacturing
Private equity firm Resilience Capital Partners has sold Thermal Solutions Manufacturing, a provider of automotive heating and cooling products, to Altus Capital Partners Inc., an investment firm focused on the North American manufacturing sector....
By Adam Burroughs
March 5, 2019
MPE Partners acquires Syracuse Plastics of North Carolina
MPE Partners, a Cleveland-based private equity firm, has acquired Syracuse Plastics of North Carolina Inc. for its portfolio company, Plastic Components Inc....
By Adam Burroughs
March 4, 2019
Riverside Co. adds ADA Solutions to SureWerx safety portfolio
The Riverside Co. has acquired ADA Solutions, a developer and distributor of safety products and solutions for the visually impaired, as an add-on to its SureWerx portfolio company, a supplier of professional safety products, tools and equipment....
By Adam Burroughs
March 1, 2019
Masco may shed cabinetry and window businesses
The units account for 20 percent of the company's sales and 10 percent of operating profit....
By Adam Burroughs
March 1, 2019
Diversified to buy 9 Chicago-area Buffalo Wild Wings
The units being acquired generated $32.7 million in revenue and $4.5 million of EBITDA in 2018,...
By Adam Burroughs
March 1, 2019
Hinkley buys Regency Ceiling Fans
St. Louis-based Regency will join Hinkley Lighting at its headquarters in Avon Lake....
By Michael Marzec
March 1, 2019
Report: Second big Lakewood project planned
Lakewood reportedly is getting a $30 million residential and commercial development, located on the site of the former Steve Barry Buick at 16000 Detroit Ave....
By Adam Burroughs
March 1, 2019
Eaton to spin off lighting business
Move will create a separate public company with $1.7 billion in sales to commercial, industrial, residential and municipal markets....
By Adam Burroughs
February 28, 2019
Adrich gets seed funding from Sony
Sony Innovation Fund invests in maker of labels that track consumer behavior....
By Adam Burroughs
February 27, 2019
RDX acquires ClearDB in second February deal for cloud services firm
Managed database and cloud services provider RDX has acquired ClearDB as part of an aggressive strategic expansion of the RDX service portfolio....
By Adam Burroughs
February 27, 2019
Sarepta to buy Myonexus for $165M
Nationwide Children’s Hospital spinoff Myonexus Therapeutics, a clinical-stage gene therapy company, is being bought by Sarepta Therapeutics for $165 million....
By Michael Marzec
February 26, 2019
Campbell's selling Garden Fresh, but not to Aronson
Campbell Soup says it will sell the Ferndale-Based salsa maker to an affiliate of Fountain of Health USA, a maker of hummus, dips, salads and other products....
By Michael Marzec
