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
