Local Deals - Smart Business Dealmakers
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November 14, 2019
CURE plans to buy Coeptis Pharmaceuticals
CURE Pharmaceutical has purchased a $200,000 convertible promissory note issued by Coeptis Pharmaceuticals Inc. This note represents an initial step toward a potential acquisition of the Wexford company and the exclusive rights to an approved drug that treats both comorbid osteoarthritis and hypertension....
By Jayne Gest
November 14, 2019
GateHouse, Gannett merger approved
Shareholders, in separate votes, approved the plan for GateHouse Media parent New Media Investment Group Inc. to buy Gannett Co Inc. in a $1.2 billion stock and cash deal. The two companies own 19 Ohio newspapers, including the Columbus Dispatch, the Akron Beacon Journal and the Canton Repository....
By Jayne Gest
November 14, 2019
DataCubes Raises $15.2M In Series B Funding Round
This latest round of funding will support DataCubes' investment in research and development, as well as help expand the team, adding 50 new employees in 2020....
By Mark Scott
November 13, 2019
Drinker Biddle & Reath, Faegre Baker Daniels in merger talks
Philadelphia’s Drinker Biddle & Reath is in talks with Faegre Baker Daniels, a Minneapolis-based law firm, about a possible merger, according to reports....
By Adam Burroughs
November 13, 2019
Pepper Hamilton explores merger with Atlanta's Troutman Sanders
Philadelphia law firm Pepper Hamilton is in merger talks with Atlanta’s Troutman Sanders law firm....
By Adam Burroughs
November 13, 2019
UPMC buys second hospital in Ireland
As part of its continued expansion of health care services in Ireland, UPMC has acquired Clane General Hospital in County Kildare, in partnership with the Institute of Eye Surgery, and is renaming the facility UPMC Kildare Hospital...
By Jayne Gest
November 13, 2019
Conservation Labs raises $1.7M in seed funding
Conservation Labs Inc., maker of smart water monitor H2know™, has raised a $1.7 million seed round investment. The round was led by Chicago-based IrishAngels, with additional investment from the Amazon Alexa Fund, Serra Ventures as well as Pittsburgh investors Mountain State Capital and Innovation Works....
By Jayne Gest
November 12, 2019
Barsz Gowie Amon & Fultz to merge with Rimmer & Jennings
Following the transaction, which is expected to close by year-end, six members of the R&J team will relocate to BGA&F’s Media office and will bring BGA&F to a total of 45....
By Adam Burroughs
November 12, 2019
MOBILion Systems raises $15.4M Series A
MOBILion Systems Inc. has raised $15.4 million in Series A financing. The round was led by Agilent Technologies, with participation from IP Group Inc., Hostplus, Cultivation Capital, and iSelect Fund....
By Adam Burroughs
November 12, 2019
Comcast Ventures leads $10.6M round for Hive
Comcast Ventures, the venture capital affiliate of Comcast Corp., is the lead investor in the $10.6 million Series A round raised by Hive, a productivity platform that has to date raised $16.7 million....
By Adam Burroughs
November 12, 2019
Longaberger intellectual property sold
Xcel Brands Inc. and Chicago-based Hilco Global have acquired the intellectual property of Longaberger. Xcel Brands, a media and consumer products company, will manage the American heritage home and collectibles brand out of its New York City headquarters going forward....
By Jayne Gest
November 12, 2019
Threekit Closes $20M Series A Round
The funding round was led by Shasta Ventures. Additional investors include Salesforce Ventures, former San Francisco 49ers quarterback and Hall of Famer Steve Young, Marketo Co-Founder Phil Fernandez and serial SaaS entrepreneur Godard Abel....
By Mark Scott
November 12, 2019
BioLife Solutions Buys Custom Biogenic Systems
CBS, a privately held company with operations located near Detroit, is a global leader in the design and manufacture of state-of-the-art liquid nitrogen laboratory freezers and cryogenic equipment....
By Mark Scott
November 12, 2019
Zito Insurance Bought By Risk Strategies
Risk Strategies’ entry into Ohio came with the 2017 acquisition of Brightstone, a specialist focused on next-day delivery and courier businesses with offices in Cleveland....
By Mark Scott
November 12, 2019
Ohio Innovation Fund invests in Windpact
Ohio Innovation Fund, a Columbus venture capital firm, has invested in Windpact. The impact safety technology company is founded and led by Shawn Springs, a 13-year NFL veteran who played collegiately at The Ohio State University....
By Jayne Gest
November 12, 2019
Thora Capital Holds Final Close On Inaugural Fund
The fund's limited partners include family offices, high-net-worth individuals, RIAs and the leading independent provider of maintenance support and financial services to the aviation industry....
By Mark Scott
November 12, 2019
Loop raises $10M Series A round
Loop, the Columbus e-commerce SaaS platform, has closed a $10 million Series A funding round. The funding will allow Loop to strengthen its proprietary technology, which focuses on automating a customer’s return service, and help the company further expand....
By Jayne Gest
November 11, 2019
AdaptHealth, DFB complete merger
DFB Healthcare Acquisitions Corp., a special purpose acquisition company sponsored by Deerfield Management and Richard Barasch, has closed its business combination with AdaptHealth Holdings LLC....
By Adam Burroughs
November 11, 2019
Aplana offloads its software testing business to IBS
IBS, a Russia-based IT services company, is reportedly set to acquire the software testing business of Aplana group....
By Adam Burroughs
November 11, 2019
Citymark Capital Buys Suburban Atlanta Property In $69.4M Deal
The acquisition of the Evergreen portfolio represents Citymark’s 12th transaction since its inception in 2015, bringing total units acquired to 3,345 and approximately $513 million of gross asset value....
By Mark Scott
November 11, 2019
Xitron Bought By Global Graphics
Since the company’s inception in 1977, it has been viewed as a mainstay in professional prepress production and was recently awarded a patent for its unique USB-SCSI interface....
By Mark Scott
November 11, 2019
Citrin raises $1M in angel funding
Citrin Holdings LLC, a Columbus provider of valet, porter and employee management services, has raised $1 million of angel funding from undisclosed investors, according to PitchBook....
By Jayne Gest
November 11, 2019
Riverside Exits Censis Technologies
Franklin, Tennessee-based Censis provides SaaS-based surgical instrument tracking and workflow solutions for sterile processing departments of hospitals and ambulatory surgical centers....
By Mark Scott
November 8, 2019
Arsenal Resources works through bankruptcy with recapitalization
As part of its Chapter 11 bankruptcy, Arsenal Resources Development LLC will pursue a recapitalization transaction that includes a $100 million new equity investment made by Chambers Energy Capital and Mercuria Energy Co., two of the company’s most significant lenders, and a substantial deleveraging of ARD’s balance sheet....
By Jayne Gest
November 7, 2019
Atkins Cos buys West Mifflin medical office building
Atkins Companies has acquired a 26,174-square-foot medical office building in West Mifflin. The outpatient facility is fully leased by Allegheny Health Network and bolsters the New Jersey firm's portfolio in the rapidly growing Pittsburgh metropolitan area....
By Jayne Gest
November 7, 2019
Hub Completes Two More Deals
Hub International Ltd. has acquired Stevens-Dell & Associates Insurance, as well as the book of business from marine specialist Blake Murphy....
By Mark Scott
November 7, 2019
BGL Sells Warnock Food Products To Calbee
BGL has investment banking offices in Chicago, Cleveland and Philadelphia, and real estate offices in Chicago, Cleveland, Denver, San Antonio and San Diego....
By Mark Scott
November 7, 2019
GM Sells Lordstown Plant To Electric Vehicle Startup
Lordstown Motors Corp. plans to begin building the Endurance electric pickup truck in 2020 and locate its headquarters at the plant....
By Mark Scott
November 6, 2019
OpSec Security to buy MarkMonitor from Clarivate Analytics
OpSec Security, an Investcorp portfolio company, is set to acquire the MarkMonitor™ brand protection, antipiracy and antifraud business from and Clarivate Analytics plc....
By Adam Burroughs
November 6, 2019
Vishay Precision Group buys Dynamic Systems for $41M
Vishay Precision Group Inc. has acquired New York-based Dynamic Systems Inc. for a purchase price of $41 million....
By Adam Burroughs
November 6, 2019
Osprey Technology Acquisition launches IPO
Osprey Technology Acquisition Corp. completed its initial public offering of 27,500,000 units at a price of $10 per unit for gross proceeds to the company of $275,000,000....
By Adam Burroughs
November 6, 2019
David’s Bridal recapitalizes
David’s Bridal Inc. has received firm commitments for $55 million of new capital from existing lenders to fund growth investments....
By Adam Burroughs
November 6, 2019
Oatey Buys Certain Assets Of Keeney Manufacturing Co.
Oatey has been in business since 1916, providing products for the residential and commercial plumbing industries....
By Mark Scott
November 6, 2019
Riverside-Backed SureWerx Buys Sure Foot
Sure Foot, the company behind the Due North® brand, offers a comprehensive portfolio of multi-purpose footwear traction aid products....
By Mark Scott
November 6, 2019
MPE Partners Sells Division Of B&E Group
The B&E Group, headquartered in Southwick, Massachusetts, is a manufacturer of complex, precision machined aerospace and defense components....
By Mark Scott
November 6, 2019
Founded By CWRU Alums, Scout RFP Sells for $540M
Scout RFP, a cloud-based platform for strategic sourcing and supplier engagement, was founded by CWRU graduates Stan Garber and Alex Yakubovich....
By Mark Scott
November 6, 2019
NY-Based ICV To Buy Diversified Restaurant Holdings
DRH is one of the largest franchisees for Buffalo Wild Wings® ("BWW") with 64 sports bars across five states....
By Mark Scott
November 5, 2019
Esports company eFuse raises $1.4M seed round
eFuse, a web and mobile application that serves as the professional hub for esports and video games, has raised a $1.4 million seed round in preparation for the platform’s launch on Dec. 10, 2019....
By Jayne Gest
November 5, 2019
Drive Capital closes $350M fund
Drive Capital has successfully raised $350 million for its third flagship venture capital fund, according to SEC paperwork. The Columbus VC firm remains in the midst of raising its first opportunity fund....
By Jayne Gest
November 5, 2019
Air-Scent buys California-based Sani-Air
Air-Scent International has acquired California-based Sani-Air Associated Products to further its global position in the commercial air freshener market....
By Jayne Gest
November 5, 2019
Zebra Buys London-Based Cortexica
Founded in 2008, Cortexica has developed vision-based analytics and AI solutions to drive new user experiences and greater operational efficiencies....
By Mark Scott
November 5, 2019
Golub & Co., Farpoint Team Up To Buy Prairie Shores
The Goldman Sachs Urban Investment Group is the largest equity investor in the acquisition....
By Mark Scott
November 5, 2019
Universal Logistics Buys Roadrunner Intermodal
Universal expects its intermodal drayage business to operate an estimated fleet of over 2,500 tractors, transact business from 49 terminals strategically located throughout the U.S., and produce future annual revenues in excess of $500 million....
By Mark Scott
November 5, 2019
Worthington Industries Engineered Cabs sold
Angeles Equity Partners LLC, a Los Angeles private investment firm, has acquired Worthington Industries Engineered Cabs from Worthington Industries and Crenlo Cab Products LLC, with its Emcor and Siac do Brasil affiliates, from KPS Capital Partners LP....
By Jayne Gest
November 5, 2019
Hub Buys Newsura Insurance Services
Roseville, California-based Newsura provides insurance and risk management services to the healthcare industry, specializing in medical professional liability insurance for medical groups....
By Mark Scott
November 5, 2019
Germain Automotive purchases five dealerships
Germain Automotive, owned by Rick Germain, Paul Germain and John Germain, has acquired five Sonic Automotive dealerships located in the Georgesville Auto Mall at I-270 and Georgesville Road....
By Jayne Gest
November 4, 2019
Lancaster Pollard, Red Capital parent ORIX expands
ORIX USA has agreed to acquire the commercial real estate lender Hunt Real Estate Capital LLC. The acquisition combines the financial strength of ORIX USA and the complementary product offerings of ORIX Real Estate Capital brands — Columbus-headquartered Lancaster Pollard and Red Capital Group — with Hunt Real Estate Capital’s focus on multifamily investors....
By Jayne Gest
November 4, 2019
UTI sells company to ESOP trust
Utility Technologies International Corp., a service provider to the natural gas pipeline industry, has sold 100 percent of the company to an employee stock ownership plan trust. The selling shareholders saw an ESOP as a way to not only capitalize on their investment but ensure the cultural legacy of the company....
By Jayne Gest
November 4, 2019
Broadridge completes Fi360 acquisition
Fintech company Broadridge Financial Solutions Inc. has completed its previously announced acquisition of Fi360 Inc., a Pittsburgh provider of fiduciary-focused software, data and analytics for financial advisers and intermediaries across the retirement and wealth ecosystem....
By Jayne Gest
November 4, 2019
Cell Phone Repair Sold To Assurant
Assurant acquired CPR from a subsidiary of Independence-based investment firm Merrymeeting Group and a third party....
By Mark Scott
