Local Deals - Articles
August 22, 2019
SpotHero Announces $50M In Series D Funding, Closing In On $1B In All-Time Sales
The company offers the largest place to buy and sell parking in North America and has helped digitize nearly 7,000 parking facilities in the U.S. and Canada....
By Mark Scott
August 22, 2019
Green Growth Brands completes equity raise
Green Growth Brands Inc. closed its bought deal short form prospectus offering of units for C$50,225,000. This was GGB's first equity raise as a public company. The proceeds, combined with a $102.7 million backstop commitment, which was led by the Schottenstein family, will help the company deliver to consumers and provide product innovation in cannabis and CBD....
By Jayne Gest
August 22, 2019
Compass Self Storage buys Pittsburgh location
Compass Self Storage, a member of the Amsdell family of companies, has acquired Shaler Self Storage in Allison Park. This transaction marks the Cleveland company’s fourth location in the Greater Pittsburgh area and its 90th location nationwide....
By Jayne Gest
August 21, 2019
IT Solutions Consulting buys SecurElement Infrastructure
IT Solutions Consulting Inc., a managed services provider, is acquiring Malvern-based MSP SecurElement Infrastructure Solutions....
By Adam Burroughs
August 21, 2019
Crossbeam Raises $12.5M Series A
Crossbeam, a collaborative data platform that allows companies to find overlapping customers and prospects with their partners, has raised $12.5M in a Series A financing led by FirstMark Capital with participation from its existing investors First Round Capital, Uncork Capital, and Slack Fund....
By Adam Burroughs
August 21, 2019
UBM Buys Chicago-Based LSC Communications In $11.25M Deal
The transaction includes LSC’s commingle facility located in Aurora, which LSC acquired as part of the acquisition of RRD Print Logistics in July 2018....
By Mark Scott
August 21, 2019
BestTransport purchased by Canadian firm
Descartes Systems Group has acquired Columbus-headquartered BestTransport.com Inc., a cloud-based transportation management system provider focused on flatbed-intensive manufacturers and distributors, for $11.2 million. The deal should strengthen the Ontario company’s transportation management footprint....
By Jayne Gest
August 21, 2019
Alliance Data Modified Dutch Auction Tender Offer Results
Alliance Data Systems Corp. announced the final results of its modified Dutch auction tender offer. According to depositary Computershare Trust Company, N.A., 12,099,724 shares of Alliance Data common stock were properly tendered and not properly withdrawn at or below the purchase price of $162 per share....
By Jayne Gest
August 21, 2019
Courtyard Columbus-Worthington sold
Commonwealth Hotels LLC has bought the Courtyard Columbus-Worthington in order to expand its reach in the Columbus market through the Worthington property. The transaction is the Cincinnati-Northern Kentucky metropolitan area company’s fourth Courtyard and 21 Marriott hotel....
By Jayne Gest
August 20, 2019
Beese Fulmer, MacNealy Hoover merge
Beese Fulmer Private Wealth Management and MacNealy Hoover Investment Management will merge and Beese Fulmer will become custodian of MacNealy Hoover clients' accounts....
By Adam Burroughs
August 20, 2019
Blue Point Capital buys VRC Holdings
Blue Point Capital Partners has acquired its fifth Blue Point IV platform investment, VRC Holdings Inc., a value-added manufacturer of custom molded rubber, plastic and sealing components....
By Adam Burroughs
August 20, 2019
Hickory Asset Management bought by Bluespring Wealth Partners
Hickory Asset Management Inc. based in Concord, is being acquired by Bluespring Wealth Partners LLC, a new business focused on acquiring experienced registered investment adviser and wealth management firms....
By Adam Burroughs
August 20, 2019
Avalon Precision Casting bought by Sigma Electric
Avalon Precision Casting is being acquired by Sigma Electric Manufacturing Corp., a manufacturer of ferrous and non-ferrous castings....
By Adam Burroughs
August 20, 2019
HighTower Makes Strategic Investment In Lexington Wealth Management
LWM, which has $1 billion in assets under advisement, focuses on helping clients navigate life events by understanding the emotional aspects of their financial decisions. The business model aligns with HighTower's mission to support advisers and empower them to help their clients achieve their wealth aspirations....
By Mark Scott
August 20, 2019
Bayer to sell Animal Health unit
Indiana-based Elanco Animal Health has agreed to buy Bayer AG’s animal health business in a cash and stock deal valued at $7.6 billion. The transaction creates the second largest maker of medicines for pets and livestock and falls in line with Bayer's strategy to slash debt....
By Jayne Gest
August 20, 2019
Amplifinity Sold To Utah-Based Impartner
Amplifinity’s team will remain in the company’s Ann Arbor offices, adding a Midwest team of developers to Impartner’s global channel innovation labs....
By Mark Scott
August 20, 2019
Hicks Plastics Co. Bought By PE-Backed Sea Link International
Hicks Plastics is a Tier II provider of injection-molded and metallized automotive forward lighting components headquartered in Macomb, with a secondary facility located in Knoxville, Tennessee....
By Mark Scott
August 20, 2019
PNC Mezzanine Capital recapitalizes Mountainside Fitness
PNC Mezzanine Capital recently completed a minority recapitalization of a $15 million preferred stock investment with Mountainside Fitness. PNC Mezzanine Capital and the Mountainside management team plan to continue to expand the company’s leadership position in the Arizona fitness community and beyond....
By Jayne Gest
August 19, 2019
Arcline Investment backs Actera Ingredients
Arcline Investment Management, a private equity firm with $1.5 billion of capital under management, is making a strategic investment in Actera Ingredients....
By Adam Burroughs
August 19, 2019
PolyOne sells its Performance Products and Solutions business
PolyOne Corp. is selling its Performance Products and Solutions business to SK Capital Partners for $775 million in cash....
By Adam Burroughs
August 19, 2019
Chemtron bought by Kinderhook Industries
Avon’s Chemtron Corp. has been acquired by Kinderhook Industries LLC from CapitalWorks. Chemtron represents Kinderhook’s eighth environmental services platform since inception....
By Adam Burroughs
August 19, 2019
Foundation Investment Partners invests in W.A. Jones
Foundation Investment Partners, a Cleveland-based private equity firm, has recapitalized W.A. Jones, a leading distributor and upfitter of truck equipment....
By Adam Burroughs
August 19, 2019
Grove City Medical Center to join AHN
Grove City Medical Center, Allegheny Health Network and Highmark Health have signed an affiliation agreement. Pending government approval of the merger, the organizations expect to close on the affiliation in the next few months, establishing Grove City as AHN’s ninth owned hospital....
By Jayne Gest
August 19, 2019
Swiss firm to buy North American Dental Group
Jacobs Holding AG, a Zurich investment firm, has reached an agreement with Boston’s Abry Partners, Cleveland’s The Riverside Co., and co-founders Ken Cooper and Dr. Andrew Matta, to acquire Pittsburgh-headquartered North American Dental Group....
By Jayne Gest
August 19, 2019
Installed Building Products buys Therm-Con
Installed Building Products Inc., an installer of insulation and complementary building products, has acquired Therm-Con LLC and Foamtech Inc. With trailing 12-month revenue of $4.7 million, Therm-Con enhances IBP’s presence in markets throughout Tennessee and its surrounding states....
By Jayne Gest
August 19, 2019
Safelite Group to buy TruRoad
Safelite® Group has agreed to acquire the combined businesses of TruRoad, which includes COP TruRoad Parent LLC and COS SCS Parent LLC, from Dallas PE firm CenterOak Partners LLC. With this deal, Safelite will have increased capacity to expand its national footprint, accelerate growth and better serve its customers and clients....
By Jayne Gest
August 19, 2019
Centerbridge Partners Makes Significant Investment In GoHealth
GoHealth was founded in 2001 by Brandon Cruz and Clint Jones, who will continue to lead the business and retain an ownership stake in the company following the completion of the transaction....
By Mark Scott
August 16, 2019
Horizon Global Sells Asia-Pacific Business to Pacific Equity Partners
Upon completion of the sale and subsequent retirement of debt, Horizon Global intends to pursue a full or partial refinancing of its remaining secured debt....
By Mark Scott
August 16, 2019
Arconic sells RTI Energy Systems
Hunting PLC, the international energy services group, has completed its acquisition of the business and assets of RTI Energy Systems Inc. for $12.5 million cash from Arconic Inc., an Alcoa spin-off that plans to split into two separate companies....
By Jayne Gest
August 16, 2019
Alliance Data Systems modified Dutch auction, preliminary results
Alliance Data Systems Corp. announced preliminary results from its modified Dutch auction tender offer. According to depositary Computershare Trust Company, N.A., about 13.49 million shares of Alliance Data common stock were properly tendered and not withdrawn at or below the purchase price of $162 per share....
By Jayne Gest
August 15, 2019
PPG completes Dexmet purchase
PPG has completed its acquisition of Dexmet Corp., a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications. The Pittsburgh company previously announced the deal would allow PPG to enhance its product offerings, expand its R&D capabilities and increase its market reach....
By Jayne Gest
August 15, 2019
Renovacor gets $11M in Series A funding
Philadelphia-based Renovacor Inc. received an $11 million Series A financing co-led by Novartis Venture Fund, Broadview Ventures and BioAdvance, joined by New Leaf Venture Partners and Innogest Capital....
By Adam Burroughs
August 15, 2019
Macedonia’s Sunless bought by Castle Harlan after Riverside exit
Sunless Inc., a Macedonia-based manufacturer and marketer of spray tanning equipment and related accessories, has been acquired by New York private equity firm Castle Harlan Inc. The seller was Cleveland-based private equity firm The Riverside Co....
By Adam Burroughs
August 14, 2019
Applied Industrial Technologies to buy Olympus Controls
Applied Industrial Technologies is set to acquire Olympus Controls Corp., an automation solutions provider of motion control, machine vision and robotic technologies....
By Adam Burroughs
August 14, 2019
Jazz Pharmaceuticals buys Cavion in deal worth potentially $312.5M
Jazz Pharmaceuticals plc has acquired Cavion Inc., a clinical-stage biotechnology company, through a merger with a Jazz subsidiary is a deal potentially worth $312.5 million....
By Adam Burroughs
August 14, 2019
The Shipyard’s Smart Harbor purchased
Insurance Technologies Corp. has acquired Smart Harbor, a provider of digital technology solutions to insurance agents, which was owned by The Shipyard, a Columbus digital marketing agency. The acquisition will help the Dallas-area provider of websites, marketing, comparative rating and management software and services expand its service offerings....
By Jayne Gest
August 14, 2019
Fellowes Brands Buys Trendway Corp.
Itasca, Illinois-based Fellowes Brands has acquired Trendway Corp., a Holland-based company specializing in office furniture systems, movable walls and seating for work environments....
By Mark Scott
August 13, 2019
Pittsburgh startup Formation purchased
Formant, a robot fleet management software company, has acquired Formation, a Pittsburgh robot teleoperation startup. The California company founded by ex-Google employees will integrate the startup’s solution to enable customers to remotely control their robots through its browser-based, cloud-enabled robot fleet management system....
By Jayne Gest
August 13, 2019
Apervita Buys Boston-Based Qcentive
The combined Apervita and Qcentive entity will operate under the Apervita brand with offices in Chicago and Boston....
By Mark Scott
August 13, 2019
Level One Bancorp To Merge With Ann Arbor Bancorp In $67.8M Deal
Upon completion of the merger, the combined company will operate under the Level One name and have over $1.8 billion in assets, $1.4 billion in loans and $1.5 billion in deposits, based upon financials as of June 30....
By Mark Scott
August 12, 2019
Armstrong sells ceiling tile business to Aurelius Equity Opportunities
Aurelius Equity Opportunities SE & Co., an asset manager based in Germany, is acquiring the ceiling tiles and grids businesses of Lancaster-based Armstrong in Austria, Estonia, Germany, Ireland, Italy, Latvia, Lithuania, Portugal, Spain, Turkey and the UK from Knauf International GmbH....
By Adam Burroughs
August 12, 2019
RVI sells West Allis Center for $18M
Retail Value Inc. has closed on the sale of West Allis Center in West Allis, Wisconsin, near Milwaukee, for $18.1 million....
By Adam Burroughs
August 12, 2019
Motus Integrated Technologies To Buy Janesville Fiber Solutions
Janesville produces high-performance engineered acoustical and thermal fiber solutions for a variety of automotive applications...
By Mark Scott
August 12, 2019
Hazel Technologies Closes $13M In Series B Funding
A USDA-supported agricultural technology company delivering new solutions to combat food waste, Hazel's core technologies revolve around the release of active, shelf-life enhancing vapor from packaging inserts called sachets....
By Mark Scott
August 12, 2019
Balfour Beatty buys 300-unit Jacksonville apartment community
Malvern-based Balfour Beatty Communities has acquired Landings at Lake Gray, a 300-unit apartment community located in Jacksonville, Florida....
By Adam Burroughs
August 12, 2019
Core Spaces Agrees To Strategic Partnership With Goldman Sachs
Chicago-based Core Spaces has agreed to a strategic partnership with Goldman Sachs to recapitalize and develop a portfolio of nine assets, valued at more than $600 million....
By Mark Scott
August 12, 2019
Pulse Technology Buys Building In Schaumburg For New HQ
Pulse Technology has acquired a 36,500-square-foot facility in Schaumburg that is being retrofitted to serve as the technology company’s new corporate headquarters....
By Mark Scott
August 8, 2019
TEGNA completes purchase of Dispatch Broadcast Group stations
TEGNA Inc. has completed its acquisition of Dispatch Broadcast Group’s stations in Indianapolis and Columbus. TEGNA paid $535 million in cash for NBC affiliate WTHR in Indianapolis, CBS affiliate WBNS in Columbus, and WBNS radio (1460 AM and 97.1 FM), sports radio in Central Ohio. The deal helps TEGNA expand its portfolio of Big Four affiliates in top markets....
By Jayne Gest
August 8, 2019
G&W Electric Buys Italy-Based Altea S.R.L.
With the demand for more advanced power grid technology, including higher accuracy sensors, this acquisition is expected to provide several opportunities to integrate product lines to achieve the demands for the future grid....
By Mark Scott
August 8, 2019
Aqua America buys Campbell city’s water treatment plant for $7.5 million
The Ohio subsidiary of Bryn Mawr-based Aqua America Inc. is set to buy Campbell, Ohio’s water treatment plant and distribution system for $7.5 million. The system serves approximately 3,200 connections....
By Adam Burroughs
