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July 1, 2020
PolyOne completes Clariant Masterbatch acquisition
PolyOne Corp. has completed its purchase of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd. PolyOne has also changed its name to Avient....
By Adam Burroughs
June 30, 2020
RVI sells Big Oaks Crossing shopping mall
Retail Value Inc. has sold Big Oaks Crossing in Tupelo, Mississippi, for $21 million....
By Adam Burroughs
June 25, 2020
Cyprium Partners makes non-control investment in Chief Enterprises Holding
Cyprium Investment Partners has completed a new preferred equity and subordinated debt investment in Chief Enterprises Holding LLC...
By Adam Burroughs
June 23, 2020
OverDrive to buy RBmedia assets
OverDrive, a Cleveland-based digital reading platform for libraries and schools, is acquiring the assets of RBmedia’s library business, including the RBdigital platform in North America, the United Kingdom and Australia....
By Jayne Gest
June 23, 2020
GNC to restructure or be sold
GNC Holdings Inc., and certain of its North American entities, secured lenders and key stakeholders have agreed to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S. Bankruptcy Code. The company could be restructured or sold....
By Jayne Gest
June 22, 2020
WESCO completes Anixter merger
WESCO International Inc., a Pittsburgh-headquartered provider of business-to-business distribution, logistics services and supply chain solutions, has completed its merger with Anixter International Inc., creating a global B2B distribution and supply chain solutions company....
By Jayne Gest
June 22, 2020
Installed Building Products buys Nationwide Gutter
Installed Building Products Inc., a Columbus-based national installer of insulation and complementary building products, has acquired Nationwide Gutter LLC, which expands its presence to multifamily and commercial customers throughout Texas and surrounding states....
By Jayne Gest
June 19, 2020
Bravo Wellness Acquires PUSH Wellness
Cleveland-based Bravo Wellness has acquired Chicago-based PUSH Wellness. The companies both provide personalized, progress-based health improvement goals that materially reward each program participant....
By Michael Marzec
June 19, 2020
Group Management Services buys Corporate Business Solutions
Richfield, Ohio-based Group Management Services Inc. has acquired Corporate Business Solutions, a Georgia human resources outsourcing provider. The transaction will further extend GMS’ client base outside of Ohio and increase its presence in the Southeast....
By Jayne Gest
June 17, 2020
Champion ONE merges with Approved Networks
Champion ONE, a Cleveland-headquartered designer, marketer and supplier of optical networking components worldwide, has merged with Orange County, California’s Approved Networks and its affiliate, U.S. Critical....
By Jayne Gest
June 17, 2020
Equitrans Midstream, EQM complete merger
Equitrans Midstream Corp. and EQM Midstream Partners LP have completed the acquisition of all of the outstanding common units representing limited partner interests in EQM that it did not already own....
By Jayne Gest
June 15, 2020
The Pittsburgh Steelers have new minority owners
The owners of the Philadelphia 76ers and New Jersey Devils, Josh Harris and David Blitzer, have reportedly acquired small stake of less than 5 percent in the Pittsburgh Steelers, according to Bloomberg News....
By Jayne Gest
June 12, 2020
Peca Labs raises venture funding
Peca Labs Inc. recently raised $587,465 of venture funding from undisclosed investors, PitchBook reports. The Carnegie Mellon University spin out has raised $5.69 million through five rounds and is developing synthetic cardiovascular devices intended to improve the treatment of cardiac defects....
By Jayne Gest
June 11, 2020
Incline’s LYNX buys FRSTeam
Pittsburgh-based private equity firm Incline Equity Partners’ portfolio company, LYNX Franchising has further expanded its commercial services brand offering through the acquisition of FRSTeam. FRSTeam focuses on disaster recovery, specializing in damage from smoke, fire, water and mold....
By Jayne Gest
June 10, 2020
Chemtron buys Vexor Technology
Avon-headquartered Chemtron Corp., a portfolio company of Kinderhook Industries LLC, has acquired Vexor Technology LLC, a regional provider of non-hazardous waste processing services and alternative energy solutions located in Medina....
By Jayne Gest
June 10, 2020
Othot raises $1.32M in funds
Othot Inc. recently raised $1.32 million of venture funding in the form of convertible debt from undisclosed investors, according to PitchBook. The Pittsburgh developer of cloud-based software designed for predictive analytic services has raised $8.83 million to date....
By Jayne Gest
June 10, 2020
Aware raises $2.2M in venture funding
Nullable Inc., dba Aware, recently raised $2.2 million in venture funding in the form of convertible debt from undisclosed investors, bring the Columbus company’s total funds raised to date to $11.1 million through five rounds, PitchBook reports....
By Jayne Gest
June 10, 2020
Nationwide invests in Planck
Nationwide recently made a venture capital investment in Planck, which has created an artificial intelligence-driven data platform for commercial insurance. The funding, which was part of a $16 million Series B round, comes from Nationwide’s $100 million venture capital investment fund....
By Jayne Gest
June 9, 2020
NY-Based KKR Completes Deal To Buy OverDrive
OverDrive, a digital reading platform for libraries and schools, announced the completion of its acquisition by KKR, a New York-based global investment firm. In December 2019, KKR announced that it had agreed to acquire OverDrive from Rakuten....
By SBN Staff
June 8, 2020
Materion Agrees To Buy Optics Balzers In $160M Deal
With this acquisition, Materion intends to further accelerate its transformation into a global advanced materials solutions provider and significantly expand its geographic reach, extending beyond its core of North America to include Europe and Asia....
By SBN Staff
June 8, 2020
MRI Completes Deal To Buy UK-Based Castleton Technology
MRI’s acquisition of Castleton, along with that of Orchard Information Systems in March, extends its offering in the social housing market in the UK, Ireland and Australia. The combination is intended to boost MRI’s ability to empower social housing providers to adopt digital innovations and customer-centric technologies, while accelerating the development of cloud-based solutions for the sector....
By SBN Staff
June 5, 2020
BroadStreet Partners raises $100M in mezzanine financing
Penfund, an independent provider of junior capital to North American middle market companies in Toronto, recently completed a $100 million second lien debt and equity co-investment in Columbus-headquartered BroadStreet Partners Inc....
By Jayne Gest
June 4, 2020
BGL Advises Deal To Create EA-Synergy
Enhanced Healthcare Partners, a leading New York-based private equity firm specializing in middle-market healthcare businesses, facilitated the business merger of Synergy Surgicalists and EA Health Solutions through a joint recapitalization to form a new company, EA-Synergy....
By SBN Staff
June 3, 2020
Performance Dealerships buys Bobby Layman Cadillac GMC
The Performance Columbus Family of Dealerships including Honda Marysville, Honda Marysville Motorsports, Toyota Direct and Performance Chrysler Jeep Dodge RAM (Georgesville & Delaware) has acquired Bobby Layman Cadillac GMC of Fairfield County, Ohio....
By Jayne Gest
June 3, 2020
HOF Village Completes Deal To Buy Youth Sports Management LLC
HOF Village LLC, the owner of the sports, entertainment and media enterprise surrounding the Pro Football Hall of Fame in Canton, has acquired the remaining 50% ownership rights of Youth Sports Management LLC, a joint venture established between HOFV and Legacy Global Sports in 2016....
By SBN Staff
June 3, 2020
Salon Lofts raises funds
Salon Lofts Group LLC, a Columbus-headquartered operator of a beauty parlor chain, recently received $1.06 million of development capital from undisclosed investors, according to PitchBook....
By Jayne Gest
June 2, 2020
Volkswagen’s $2.6B investment in Argo AI closes
Volkswagen AG’s investment in Argo AI has closed, which solidifies the Pittsburgh-headquartered business’s capital position and differentiates it as the only self-driving technology platform company with partnerships and commercial agreements, via Ford and Volkswagen, for deployment across the U.S. and Europe....
By Jayne Gest
June 2, 2020
Park Place Technologies Buys Missouri-Based Custom Hardware Engineering & Consulting
This is the second acquisition for Park Place Technologies in 2020 and its 14th since 2016. In January, Park Place acquired the network operations center of Cleveland-based IntelliNet....
By SBN Staff
June 1, 2020
VentureOhio closes; young professional program continuing
VentureOhio’s board has decided to sunset the trade association, which advocated for increased capital and greater collaboration. The decision to wind down VentureOhio came following CEO Falon Donohue’s departure earlier this year, assessing the impact of COVID-19 and recognizing Ohio’s regional entrepreneurial support organizations are well-positioned to advance VentureOhio’s mission....
By Jayne Gest
June 1, 2020
Nordson Buys Easton, Pa.-based Fluortek
Fluortek will become part of the Nordson MEDICAL product line within Nordson’s Advanced Technology Solutions segment. This acquisition is intended to build on the company’s strategic objective to grow Nordson MEDICAL’s product offerings serving the medical device market....
By SBN Staff
June 1, 2020
ALung closes $18.52M funding round
ALung Technologies Inc. recently completed its sixth round of venture funding, which resulted in $18.52 million from Audrey’s Kitchen and other undisclosed investors, PitchBook reports. The transaction included $2.26 million in total new debt. ALung has raised $112.6 million to date....
By Jayne Gest
May 29, 2020
Tucker Ellis Advises Eagle Specialty Materials In Acquisition Of Wyoming Mining Assets
Tucker Ellis LLP partners Chris Hewitt and Jayne Juvan represented Eagle Specialty Materials LLC in its purchase of the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin in Campbell County, Wyoming, from Contura Energy Inc. and Blackjewel LLC....
By SBN Staff
May 29, 2020
Summa Health, Beaumont Health End Partnership Plans
The two organizations had been working over the last year to create a partnership, signed a definitive agreement in December 2019 and later received all necessary state and federal regulatory approvals....
By SBN Staff
May 29, 2020
Innovatus Imaging assets sold to 626
Delray Beach, Florida-based 626 Holdings LLC, a third-party company in the health care technology management market, has acquired the CR and DR business of Innovatus Imaging, which is headquartered in Pittsburgh....
By Jayne Gest
May 29, 2020
Advocate Solutions sold to KSM Consulting
Indianapolis-headquartered consulting firm KSM Consulting has acquired Advocate Solutions, a 25-year-old Columbus consulting firm specializing in public assistance contact centers, modernizing legacy applications and managing technology programs for state and local government agencies....
By Jayne Gest
May 28, 2020
Stratos Wealth Enterprises Makes Strategic Investment In Brown Wealth Management
Stratos Wealth Enterprises is a Stratos Wealth Network company that collectively oversees $13.9 billion in brokerage and advisory assets....
By SBN Staff
May 27, 2020
GE Lighting To Be Sold To Mass.-based Savant Systems
GE Lighting expects to remain headquartered in Cleveland and its more than 700 employees are expected to transfer to Savant upon completion of the transaction....
By SBN Staff
May 26, 2020
Cresco Labs Reaches Deal To Acquire Four Ohio Cannabis Dispensaries
Completion of the transaction is subject to approval by the Ohio Board of Pharmacy. Upon closing, Cresco would have a total of five dispensaries in Ohio – the maximum allowed by the state....
By SBN Staff
May 26, 2020
Splash Financial Closes $12.3M Series A Round
The capital raised is expected to help the company continue to expand its national brand, onboard additional lending partners and continue to focus on helping people save the most money on their student loans....
By SBN Staff
May 26, 2020
Riverside Agrees To Sell ActivStyle To AdaptHealth
During Riverside’s hold, ActivStyle became a leading direct-to-consumer supplier of incontinence and urological supplies with a culture based on integrity, teamwork and best-in-class patient service, growing the business to serve more than 65,000 patients across 48 states....
By SBN Staff
May 19, 2020
Infectious Disease Connect merges with Merck company
Infectious Disease Connect Inc., a UPMC Enterprises telemedicine-enabled company, has combined with Merck’s ILÚM Health Solutions. UPMC will retain a majority stake in the combined company....
By Jayne Gest
May 18, 2020
Axuall, UH Collaborate To Streamline Clinical Workforce Deployment
Axuall and University Hospitals’ Ventures group began to work together in 2019 to identify opportunities to leverage blockchain and digital identity to fundamentally improve the way the health system attracts, verifies, and deploys clinical talent....
By SBN Staff
May 18, 2020
Team Scotti sold to NFP
NFP has acquired LFG Inc., DBA Team Scotti. The Pittsburgh-based company is a national insurance broker offering insurance solutions and employee benefit programs to Major League Baseball and Minor League Baseball and their affiliates....
By Jayne Gest
May 18, 2020
MAI Capital Buys NY-Based Grisanti Capital Management
The all-equity transaction is expected to build on MAI’s recent expansion to New York City and adds an experienced team of investment professionals to MAI’s ranks. The GCM acquisition closed on May 15, and is expected to increase MAI’s assets under management by over $225 million....
By SBN Staff
May 15, 2020
UNFI’s Retail Accounting Services Division sold
FMS Solutions Inc. has agreed to acquire United Natural Foods Inc.’s Retail Accounting Services Division, where retail accounting teams in Pittsburgh, St. Louis, Anniston, Alabama, Champaign, Illinois, and Hopkins, Minnesota, will become FMS subsidiaries....
By Jayne Gest
May 14, 2020
Net Health buys Tissue Analytics
Net Health, a Pittsburgh-based provider of cloud-based electronic health record software for specialized care settings, has acquired Tissue Analytics. The transaction is expected to expand Net Health’s leadership position within the wound care market....
By Jayne Gest
May 13, 2020
CrossCountry Mortgage Buys NJ-Based First Choice Loan Services
The deal is expected to enhance CrossCountry's strategic growth in several regions, as well as its consumer-direct component, says CEO Ron Leonhardt....
By SBN Staff
May 11, 2020
PNC intends to sell BlackRock investment
The PNC Financial Services Group Inc. plans to sell its investment in BlackRock Inc. through a registered offering and related buyback by BlackRock. PNC currently holds shares that represent 22.4 percent ownership....
By Jayne Gest
May 11, 2020
Edge Case Research Raises VC Funding
Edge Case Research Inc. recently raised $8 million in venture funding from undisclosed investors, PitchBook reports. The Pittsburgh company is developing vehicle safety systems intended to make autonomous vehicles safe....
By Jayne Gest
May 8, 2020
Conco sold to Rising Point Capital
Chicago-based Rising Point Capital has acquired Conco Holdings, which is located in the Pittsburgh area. Tecum Capital Partners and UMB Capital Corp. provided subordinated debt and equity. The investor group also partnered with the Saxon-Godish Family and existing management team, who will remain with Conco and retain a significant stake....
By Jayne Gest
