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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