Local Deals - Smart Business Dealmakers
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March 24, 2020
Riverside Acquires Red Nucleus For Training And Education Platform
The Riverside Company has acquired Red Nucleus Enterprises, LLC to add to its life sciences training and education platform. Terms were not disclosed....
By Michael Marzec
March 23, 2020
Resilience Capital Partners Announces JV With MicroShield
The deal is intended to help meet the increased demand for an EPA-registered, FDA-approved antimicrobial shield that kills 99.99 percent of pathogens and ensures that treated surfaces are protected with a self-disinfecting barrier for up to one year....
By Mark Scott
March 21, 2020
Sherwin-Williams Reaffirms Financial Guidance, Pays $49.4M For HQ Land
Sherwin-Williams has reached a deal to pay $49.4M for nearly 7 acres of property downtown to be used for the company’s new Cleveland headquarters, according to a story on Cleveland.com....
By Mark Scott
March 20, 2020
Levin Furniture deal is reportedly off
Pittsburgh-based Levin Furniture former President and owner Robert Levin’s agreement to come out of retirement to save the company has reportedly been called off....
By Jayne Gest
March 19, 2020
Cori Care, Absolute Care purchased by Caregiver Inc.
Caregiver Inc., a Fort Worth, Texas-based provider of long-term care services and supports to people with intellectual and developmental disabilities, has acquired four companies in Indiana, Ohio and Tennessee, including Cori Care and Absolute Care in Columbus....
By Jayne Gest
March 19, 2020
MPE Partners Completes Recap Deal With Teel Plastics
The transaction proceeds are expected to be utilized to accelerate the growth of the Baraboo, Wisconsin-based company....
By Mark Scott
March 18, 2020
Washington Prime Group reduces its common dividend
Due to the heightened uncertainty relating to the duration and potential impact of the coronavirus pandemic, Washington Prime Group Inc. plans to enhance its overall liquidity position, which includes a further reduction of the company’s cash dividend for common shares and operating partnership units....
By Jayne Gest
March 18, 2020
JumpStart leads $5.5M Series A investment in ReadySet
ReadySet Surgical, a Cincinnati health care IT company, has raised $5.5 million in a Series A financing round led by Cleveland-based JumpStart Inc.’s NEXT Fund. Also participating in the round are all of ReadySet’s seed-round investors and new investor North Coast Ventures....
By Jayne Gest
March 18, 2020
LSI Completes $7.6M Sale Of North Canton Manufacturing Facility
The company, based near Cincinnati, is in the process of relocating its existing operations to a smaller, leased facility in the North Canton area while retaining its existing workforce....
By Mark Scott
March 17, 2020
RoadRunner Recycling closes $28.6M Series C funding round
RoadRunner Recycling has raised a $28.6 million Series C financing round. The round was co-led by e.ventures and Greycroft, with additional participation from Franklin Templeton and existing investors, Adams Capital Management in Pittsburgh and FJ Labs....
By Jayne Gest
March 17, 2020
Dealer Venom purchases WebKite tech
Dealer Venom has acquired the technology from WebKite Inc. With this transaction, Dealer Venom further extends its reach in the digital automotive retail space and lays the foundation to expand its offerings....
By Jayne Gest
March 16, 2020
Boston-Based Crow Point Partners Buys Oak Park Wealth Management
Oak Park Wealth Management is a $20 million wealth management firm headquartered in Cleveland that focuses on providing innovative investment strategies designed to improve the characteristics of traditional portfolio management....
By Mark Scott
March 16, 2020
Liberty Tire Recycling buys Lakin Tire
Liberty Tire Recycling, a Pittsburgh-based provider of tire recycling services, has acquired Lakin Tire, with support from its majority equity sponsor The Carlyle Group. The merger unites two complementary businesses....
By Jayne Gest
March 16, 2020
Peoples acquisition completed by Essential Utilities
Essential Utilities Inc. has successfully completed the acquisition of Peoples, a Pittsburgh-based natural gas distribution company, in an all-cash transaction that reflects an enterprise value of $4.275 billion, including the assumption of approximately $1.1 billion of debt....
By Jayne Gest
March 13, 2020
Cleveland-Cliffs Completes AK Steel Deal
Cleveland-Cliffs Inc. has completed the acquisition of AK Steel Holding Corp., integrating North America’s largest producer of iron ore pellets downstream into the production of value-added steel and specialty manufactured parts for the automotive industry....
By Mark Scott
March 12, 2020
nanoGriptech raises $6M in capital funding
Pittsburgh-based nanoGriptech, a commercial manufacturer of micro-structured dry adhesives and surfaces, has received $6 million in capital funding, which it plans to use to scale its manufacturing operations and strengthen its commercialization activities....
By Jayne Gest
March 11, 2020
Nexus purchased by Medicus IT
Medicus IT, a health care-focused managed services provider based in Alpharetta, Georgia, has acquired Nexus Practice IT Services, a Columbus health care managed IT services provider....
By Jayne Gest
March 11, 2020
Ownum-Backed Vital Chain Enters Strategic Agreement with Medici Ventures
Under the terms of the agreement, Medici Ventures will provide development and design services to Vital Chain in exchange for a minority equity stake in the company. Vital Chain is majority owned by Ownum LLC....
By Mark Scott
March 11, 2020
Riverside Invests In Kalamazoo-Based National Flavors
National Flavors creates and produces flavors for use in beverages, frozen desserts, baked goods, confections and processed fruits....
By Mark Scott
March 10, 2020
Containership assets acquired by Hitachi Vantara
The assets of Pittsburgh-based startup Containership have been acquired by Hitachi Vantara, an information technology and services firm in Santa Clara, California....
By Jayne Gest
March 9, 2020
WESCO updates financing plan for Anixter merger
Pittsburgh-headquartered WESCO International Inc. expects to fund the cash portion of its merger with Anixter with debt and cash-on-hand because of current market conditions. WESCO previously anticipated issuing WESCO common stock or other equity or equity-linked securities, in addition to issuing debt....
By Jayne Gest
March 9, 2020
Acusis buys Woodham HIM Solutions
Acusis LLC, a Pittsburgh-based provider of clinical documentation and revenue cycle management solutions since 2001, has acquired Woodham and Associates of Florida LLC....
By Jayne Gest
March 9, 2020
Invacare Completes Deal To Sell Dynamic Controls Subsidiary
As part of Invacare’s strategy to enhance its products, the transaction is expected to open the door to relationships which can provide access to technological innovations to further differentiate the company’s powered mobility products....
By Mark Scott
March 9, 2020
DHL Supply Chain’s North American headquarters sold
Arch Street Capital Advisors and VEREIT have acquired DHL Supply Chain’s North American Headquarters in Westerville. The property, located within the recently developed Westar Place Business Park, is a new, build-to-suit, 145,000 square foot class A office building....
By Jayne Gest
March 9, 2020
Atlanta-Based Novelis Moves Step Closer To Buying Aleris
Novelis must divest Aleris’ Lewisport, Kentucky plant as part of its agreement with the U.S. Department of Justice. The $2.6 billion acquisition of Aleris, a global supplier of rolled aluminum products, was first announced in July 2018....
By Mark Scott
March 6, 2020
Ancora, NY-Based Macellum Takes 11 Percent Stake In Big Lots, Calls For New Board
Citing a number of strategic mistakes, an investor group has issued an open letter to shareholders of Columbus-based retailer Big Lots Inc. calling for a new board that it believes can maximize and return shareholder value....
By Mark Scott
March 5, 2020
Lake Health Exploring Strategic Opportunities For Growth
The Lake Health board of trustees announced plans to launch a partnership exploration process and has engaged Chicago-based Kaufman Hall to work with trustees, medical staff and hospital leadership to evaluate opportunities....
By Mark Scott
March 5, 2020
Robert Levin Makes Deal To Save Levin Furniture From Closing
Levin has reached an agreement to acquire the Pennsylvania and Ohio assets of Levin Furniture and Wolf Furniture through a court restructuring of the parent company Art Van Furniture LLC....
By Mark Scott
March 5, 2020
Ansys to buy Vancouver’s Lumerical
Ansys has agreed to acquire Lumerical Inc., which develops photonic design and simulation tools. The acquisition will add photonics products to the Ansys multi-physics portfolio....
By Jayne Gest
March 5, 2020
Knopp Biosciences raises debt financing
Knopp Biosciences LLC recently raised $1 million of convertible debt financing from an undisclosed investor, PitchBook reports. The company has raised $179.29 million to date and is valued at $200 million....
By Jayne Gest
March 5, 2020
Ikos raises early-stage venture capital round
Ikos Holdings Inc. recently raised $855,832 of venture funding in the form of convertible debt from undisclosed investors, according to PitchBook....
By Jayne Gest
March 5, 2020
Resilience Capital Partners-Backed LUX Global Label Buys Labelworx
This strategic acquisition is expected to broaden the operational capabilities of LUX Global Label, formerly known as National Label, into the high-growth area of digital printing while further diversifying its customer base and markets....
By Mark Scott
March 4, 2020
Menorah Park, Montefiore Announce Affiliation Agreement
The affiliation was approved by both boards of directors on March 3 with plans for the affiliation to become effective June 30. The Montefiore name will remain on its facility on the campus....
By Mark Scott
March 4, 2020
Intellinetics Completes Equity And Debt Financing, Buys Graphic Sciences
Intellinetics Inc., a cloud-based document solutions provider, has closed an equity and debt private placement financing and raised a total of $5.5 million....
By Mark Scott
March 4, 2020
Resilience Capital Partners-Backed DG3 Buys Ryan Edwards Communications
Founded in 2013, Ryan Edwards Communications is a global supplier of outsourced graphic communications and print solutions to the cruise industry....
By Mark Scott
March 4, 2020
Evoqua Water Technologies public offering
Evoqua Water Technologies Corp. launched a secondary public offering of 13 million shares of its common stock by certain shareholders of the company, including certain affiliates of AEA Investors LP....
By Jayne Gest
March 3, 2020
Hy-Tek Material Handling buys Johnson Stephens Consulting
Hy-Tek Material Handling Inc. has acquired Atlanta-based Johnson Stephens Consulting Inc., a supply chain operations consultancy serving retailers, wholesalers and distributors nationwide. With the transaction, a Hy-Tek consulting division was formed....
By Jayne Gest
March 3, 2020
Riverside Co. Adds To Fire And Life Safety Platform
The Riverside Co. has invested in fire protection service provider Advance Fire & Safety as an add-on to its fire and life safety platform, Performance Systems Integration....
By Mark Scott
March 3, 2020
BGL Announces Sale Of FireKing Division To Champlain Capital Partners
FireKing OCP is a designer and manufacturer of fireproof, impact-resistant, and secure document and data storage systems....
By Mark Scott
March 3, 2020
Rev1 Ventures participates in Upshift’s $3.7M funding round
Cincinnati-based startup Upshift raised $3.7 million of Series A venture funding in a deal led by Indeed, according to PitchBook. Columbus startup studio Rev1 Ventures participated in the round....
By Jayne Gest
March 3, 2020
NAS Recruitment Innovation Sold By Stone-Goff To M3 USA
In December 2011, Stone-Goff Partners acquired NAS from Interpublic Group....
By Mark Scott
March 3, 2020
Evolution Capital Partners-Backed Empire Dental Arts Buys Papich-Forsyth Practice
This is the first investment Empire has made since being acquired by ECP in January. The deal increases Empire's affiliated offices to six in Northeast Ohio....
By Mark Scott
March 3, 2020
PPG completes Alpha Coating Technologies purchase
Pittsburgh-headquartered PPG has completed its acquisition of Alpha Coating Technologies LLC, a Chicago manufacturer of powder coatings for light industrial applications and heat sensitive substrates....
By Jayne Gest
March 3, 2020
PHOENIX to buy physical therapy firm
Cranberry Township, Pennsylvania-headquartered PHOENIX Rehabilitation & Health Services has agreed to acquire Colorado Athletic Conditioning Clinic, expanding the company’s geographic reach to Colorado....
By Jayne Gest
March 2, 2020
Installed Building Products buys Royals Commercial
Installed Building Products Inc. has acquired Royals Commercial Services Inc. in Millersville, Maryland. With approximately $10 million of annual revenue, the transaction expands IBP’s presence in the greater Baltimore and mid-Atlantic markets....
By Jayne Gest
March 2, 2020
Rocky Brands to repurchase shares
Nelsonville, Ohio-based Rocky Brands Inc.’s board has approved a new share repurchase program of up to $7.5 million of the company’s outstanding common stock....
By Jayne Gest
March 2, 2020
Watervale Equity Partners Recapitalizes Willoughby-Based Duke Manufacturing
Duke Co-Owner and CEO Jeff Newmark has invested alongside Watervale in the transaction and will continue to lead the company....
By Mark Scott
March 2, 2020
B’laster Corp. Buys MI-Based Armor Protective Packaging
As a result of this acquisition, B’laster is now the manufacturer and retail distributor of Metal Rescue products. The company began manufacturing the product line in its Valley View plant in late February....
By Mark Scott
March 2, 2020
Veeam sale to Insight Partners completed
New York VC and PE firm Insight Partners has completed its acquisition of Veeam Software, a provider of backup solutions that deliver cloud data management, which has its Americas headquarters in Columbus. The company plans to move its headquarters to either Columbus or Atlanta....
By Jayne Gest
March 1, 2020
U.S. Steel buys remaining interest in USS-POSCO Industries
Pittsburgh-headquartered U.S. Steel has closed on the purchase of POSCO-California Corp.’s 50 percent partnership interest in USS-POSCO Industries. U.S. Steel and POSCAL believe ownership of UPI by a single group represents the best opportunity for UPI to continue operating effectively and serve its customers....
By Jayne Gest
