Local Deals - Articles
May 17, 2019
Green Growth Brands raises $45M, closes Nevada deal
In addition to raising the general operating funds, the company completed its $13.4 million acquisition of a Pahrump, Nev., cultivation facility, its second in the state....
By Jayne Gest
May 17, 2019
Brunswick To Buy Florida-based Freedom Boat Club
Freedom Boat Club is the largest boat club operator and a leading marine franchisor, servicing more than 20,000 members....
By Mark Scott
May 17, 2019
NPK Construction Equipment buys Wisconsin manufacturer Genesis Attachments
The Walton Hills-based manufacturer bought the business from New York private equity firm KPS Capital Partners....
By Adam Burroughs
May 16, 2019
Lincoln Electric moves to acquire Askaynak
Lincoln Electric Holdings Inc. is purchasing an additional 49.6 percent interest in Turkish manufacturer Askaynak to advance its regional growth strategy....
By Adam Burroughs
May 16, 2019
Two Akron investment funds merge into $3M fund
Akron Fusion Investment Partners LP I, the largest fund to come out of the Akron region, is merging with the Akron Bioinvestment Fund II, growing the fund to $3 million and bolster its impact....
By Adam Burroughs
May 16, 2019
Four real estate firms merge under Howard Hanna umbrella
Kuzneski & Lockard, the leading independent real estate firm in Pennsylvania’s Indiana County, will align with Howard Hanna Real Estate Services. In conjunction with the franchise partnership, Howard Hanna Kuzneski & Lockard simultaneously announced mergers with Chestnut Ridge Realty and Susan Moore Real Estate....
By Jayne Gest
May 16, 2019
Public Finance Resources bought by Forecast5 Analytics
Forecast5 Analytics has signed an agreement to acquire Public Finance Resources, the leading provider of financial forecasting services for Ohio local governments. Forecast5 plans to use the strategic acquisition to serve schools in Ohio and across the nation....
By Jayne Gest
May 16, 2019
Jelmar Adds ESPRO Brand To Cleaning Product Portfolio
Jelmar has added to its household cleaning product portfolio with the acquisition of the ESPRO brand of sports cleaning products....
By Mark Scott
May 16, 2019
JLL Income Property Trust Acquires Suburban Seattle Apartment Community
JLL Income Property Trust paid $81.8 million to acquire Stonemeadow Farms, a 280-unit premier apartment community in Bothell, Wash., a town less than 20 miles from Redmond, Bellevue and Seattle....
By Mark Scott
May 16, 2019
P&M Advises on Sales of Three Michigan Firms to Carlisle
Southfield-based P&M served as the exclusive financial adviser to the acquisition of Hosco Fittings, Classic Precision and Integrated Dispense Solutions in their sale to Carlisle Fluid Technologies...
By Mark Scott
May 16, 2019
PlanetM Awards More Than $440K In Grants To Five Mobility Startups
PlanetM Mobility Grants also provide aid to mobility startups and corporations to test, validate and prove out new technologies on Michigan roadways...
By Mark Scott
May 15, 2019
Online vehicle auction company buys Allegheny County property
Copart Inc., a global online vehicle auction company, has acquired a second location in West Mifflin. This is Copart’s 11th location in Pennsylvania....
By Jayne Gest
May 15, 2019
Cyprium joins deal for Uniloy Blow Molding business
Cyprium Investment Partners is joined by New York’s Osgood Capital Group in the acquisition from Milacron Holdings....
By Adam Burroughs
May 15, 2019
Aurora Shopping Center Orchard Crossing Acquired in $2.9M Deal
Denver-based Baceline Investments has purchased the Aurora shopping center Orchard Crossing in a $2.9 million deal that is part of the company’s value-add Opportunistic Strategy portfolio....
By Mark Scott
May 15, 2019
Naperville Shopping Plaza Scooped Up By Cincinnati REIT
Naperville Crossings, a 147,000-square-foot shopping and lifestyle center in the desirable Chicago suburb, is being acquired by Cincinnati-based Phillips Edison & Co. Inc....
By Mark Scott
May 15, 2019
BGL Manages Sale of Eastwood Co. to Kian Capital Partners
The deal is the third e-commerce transaction for BGL’s Consumer Group in the last eight months....
By Mark Scott
May 15, 2019
California Firm Buying Prism Healthcare Partners
Berkeley Research Group has agreed to buy Chicago-based Prism Healthcare Partners and create one of the nation’s largest health care performance improvement consulting firms....
By Mark Scott
May 14, 2019
Industrial Commercial Properties buys former Sears distribution center
Cleveland-based Industrial Commercial Properties LLC has acquired a 570,000-square-foot, former Sears distribution center on 42.8 acres, in the Columbus suburb of Groveport. This is ICP's fourth Sears property purchase since 2014....
By Jayne Gest
May 14, 2019
Red Mortgage Capital closes $22M rural affordable portfolio
Red Mortgage Capital closed a $22 million joint venture portfolio that will be used to rehabilitate 14 properties in 12 rural Texas communities, preserving the affordability of 556 housing units....
By Jayne Gest
May 14, 2019
Pittsburgh REIT Alpha buys second opportunity zone project
Alpha Capital Partners, a Pittsburgh-based real estate investment and development firm, has acquired University Place in Lafayette, Louisiana. University Place is Alpha’s 10th student housing community and the second of five identified projects in Alpha’s Opportunity Zone Fund....
By Jayne Gest
May 14, 2019
Three Rivers Packaging purchased by The Cary Company
The McKees Rocks company, which initially focused on the sale of new and reconditioned steel drums, has evolved to become the area’s leading IBC re-bottler/reconditioner....
By Jayne Gest
May 13, 2019
British retailer to buy Certified Oil convenience stores, gas stations
EG Group will acquire Certified Oil and its 69 convenience stores and gas stations. The transaction will be an important step in building out the U.K.-based company's U.S. strategy....
By Jayne Gest
May 13, 2019
TrueCommerce acquires San Diego’s ecUtopia
Pittsburgh-based TrueCommerce has acquired ecUtopia, a cloud-based supply chain collaboration and visibility platform. The transaction complements TrueCommerce's portfolio and strengthens its commerce network in several market segments....
By Jayne Gest
May 13, 2019
Embattled Bed Bath & Beyond CEO steps down
In the ongoing battle between activist investors, including Cleveland's Ancora, and Bed Bath & Beyond, the retailer's CEO has stepped down and been replaced by board member Mary Winston....
By Adam Burroughs
May 13, 2019
Diebold completes squeeze-out of German unit shareholders
The move, announced in November, streamlines and simplifies the company's corporate structure and eliminates Diebold Nixdorf AG as a separate corporate entity....
By Adam Burroughs
May 13, 2019
DRB Systems acquires Suds Creative
Akron’s DRB Systems, a car wash technology company, is acquiring Suds Creative, a car wash marketing company based in Meridian, Idaho....
By Adam Burroughs
May 10, 2019
Investors file suit against Bed Bath & Beyond in federal court
The investors vs. Bed Bath & Beyond saga continues as Legion Partners Holdings, one in a group of activist investors that includes Cleveland’s Ancora Advisors LLC, has filed a lawsuit against the retailer alleging it is subverting the rights of shareholders in the fight over the constitution of its board....
By Adam Burroughs
May 10, 2019
Ampco-Pittsburgh to sell cast roll manufacturing facility
The purchase agreement has been executed, and the transaction is expected to close in the second half of 2019....
By Jayne Gest
May 9, 2019
Acusis completes purchase of Cybergistics
The acquisition will help the Pittsburgh-based provider of clinical documentation and revenue cycle management solutions and services to expand its RCM service capabilities, especially in the large hospital segment and health systems....
By Jayne Gest
May 9, 2019
Ikos raises $4M in round led by Draper Triangle Ventures
The round includes new investors ValueStream, a New York City-based growth fund, as well as existing regional investors Birchmere Ventures and Riverfront Ventures....
By Jayne Gest
May 9, 2019
Compass Self Storage acquires 17th unit in Atlanta
Compass Self Storage, a member of the Amsdell family of companies, has acquired a self storage center in Buford, Georgia, which represents the 17th Compass Self Storage location in the Greater Atlanta area and its 89th location nationwide....
By Adam Burroughs
May 9, 2019
Kandu Capital Acquires Indiana Senior Living Community In $5M Deal
The $5 million deal continues Bloom’s expansion of its diversified, growing portfolio of independent living, assisted living and memory care communities throughout the U.S....
By Mark Scott
May 9, 2019
Meritor to acquire AxleTech, enhance growth platform
Meritor reached an agreement with an affiliate of The Carlyle Group under which Meritor will acquire AxleTech for $175 million in cash, adjusted for changes in working capital at closing....
By Mark Scott
May 8, 2019
CCL Label buys land from Strongsville for expansion
CCL Label is buying 23 acres of municipally owned land from its home city as it looks to expand and create between 110 and 150 new manufacturing, research and development jobs....
By Adam Burroughs
May 8, 2019
GM In Talks To Sell Ohio Assembly Plant
Once closed, work could begin immediately to prepare the facility for production of electric vehicles developed by Cincinnati-based Workhorse Group....
By Mark Scott
May 8, 2019
Alpha Capital Partners continues buying property in Memphis
The Pittsburgh private equity real estate investment firm purchased the first phase of 266 Lofts, 77 units, in March 2018....
By Jayne Gest
May 7, 2019
GM Cruise Lands $1.15B In Funding From New, Existing Backers
The funding comes from a group comprised of institutional investors — including funds and accounts advised by T. Rowe Price Associates Inc. — and existing partners General Motors, SoftBank Vision Fund and Honda....
By Mark Scott
May 7, 2019
ASX Launches Seed Equity Round to Fund Air Travel Revolution
Proceeds will be used to help the aviation technology startup acquire key automotive EV technology, build a series of full-scale prototypes and initiate Federal Aviation Administration certification....
By Mark Scott
May 7, 2019
BorgWarner inks joint venture deal with Romeo Power Technology
The new joint venture with the battery module and pack supplier based in California will be split 60/40 with BorgWarner holding the larger share....
By Mark Scott
May 7, 2019
Federated Investors buying $14B in assets from PNC Financial Services
The proposed deal includes the reorganization of PNC’s family of liquidity, equity and fixed-income mutual funds into Federated funds; the acquisition of part of PNC’s separate account and separately managed account business; and the transition of a six-person international equity management team....
By Jayne Gest
May 6, 2019
Boston company acquires rights to Johnstown cannabis facility
Ohio Grown Therapies is building out its 32,000-square-foot cultivation and processing facility, which includes 15,000 square feet for two-tier cultivation and 7,500 square feet for processing....
By Jayne Gest
May 6, 2019
Gladstone Commercial purchases Inno-Pak building in Delaware
The 7.18-acre site is zoned for additional density, providing the opportunity to expand the facility by approximately 50,000 square feet....
By Jayne Gest
May 3, 2019
SportsTime Ohio, Fox Sport Ohio bought by Sinclair
Walt Disney Co. is being forced by the U.S. Department of Justice to shed some of the television properties it bought in its $72 billion takeover of 21st Century Fox....
By Adam Burroughs
May 3, 2019
Maxim Crane Works to buy Boston crane rental company
Maxim Crane Works L.P. will acquire Shaughnessy & Ahern Crane Co. and S&A Cranes LLC. This enhances Maxim’s full-service, nationwide crane rental and lifting solutions platform and expands its operations in one of the nation’s most critical regions....
By Jayne Gest
May 3, 2019
Lineage Logistics Closes $1B Deal To Acquire Industry Rival
Lineage Logistics LLC has closed a deal to acquire rival Preferred Freezer Services LLC, creating largest temperature-controlled facility network in the world....
By Mark Scott
May 3, 2019
Pinnacle Treatment Centers acquires Addiction Medicine Care of Columbus
Pinnacle Treatment Centers has acquired Addiction Medicine Care of Columbus, an office-based opioid treatment program in Reynoldsburg, Ohio. AMC of Columbus is Pinnacle’s 18th OBOT in Ohio....
By Jayne Gest
May 3, 2019
Atlas purchase of Colorado oil facility provides “immense opportunity”
Atlas Oil Co. makes deal to expand its presence in, Colorado, a region with “immense opportunity” for expanded distribution services....
By Mark Scott
May 3, 2019
Streetsboro Crossing shopping center changes hands
Streetsboro Crossing shopping center has been sold by New York-based Brixmor Property Group Inc. to an affiliate of Pine Tree LLC. Terms of the acquisition were not announced....
By Adam Burroughs
May 3, 2019
Incline’s Continental Batteries makes two more acquisitions
Incline Equity Partners’ portfolio company Continental Batteries has acquired Metroplex Battery and Ellis Battery, distributors of aftermarket batteries. This marks eight acquisitions for Continental in nine months....
By Jayne Gest
May 3, 2019
Peterson American Corp. completes sale to MiddleGround Capital
Southfield-based Peterson American Corp. has completed its sale to MiddleGround Capital, a newly formed private equity firm that makes control equity investments in lower middle market North American companies....
By Mark Scott
