Local Deals - Smart Business Dealmakers
Subscribe to Smart Business Dealmakers
February 18, 2020
Volvo industrial building in Lewis Center purchased
An affiliate of Covington Group Inc., a Dallas commercial real estate company, has purchased a 583,000-square-foot bulk distribution warehouse at 8355 Highfield Drive in Lewis Center, Ohio. The building, on a 31-acre site, is occupied by Volvo Group North America....
By Jayne Gest
February 18, 2020
Koppers to divest China distillation business
Koppers Holdings Inc. has agreed to sell Koppers (Jiangsu) Carbon Chemical Company Limited to Fangda Carbon New Material Co. Ltd. and C-Chem Co. Ltd, a subsidiary of NIPPON STEEL Chemical & Material Co. Ltd. for $107 million....
By Jayne Gest
February 14, 2020
$7.6M in addition funding for Navidea Biopharmaceuticals
Navidea Biopharmaceuticals has sold its Ohio court judgment for $4.2 million and raised an addition $3.4 million in equity, which represents $7.6 million in additional funding....
By Jayne Gest
February 13, 2020
S4 Medical raises additional funding
S4 Medical Corp., a Columbus-based medical device company focused on protecting the esophagus from thermal damage during catheter ablation procedures, has completed an oversubscribed round of funding following its successful human study....
By Jayne Gest
February 13, 2020
Smith Micro buys the operator business of Circle Media Labs
Pittsburgh-headquartered Smith Micro Software Inc. has acquired the operator business of Circle Media Labs Inc. for approximately $13.5 million in cash. The transaction will expand and enhance the overall capabilities Smith Micro's portfolio....
By Jayne Gest
February 13, 2020
Kurtz Bros. Buys Landmark Lawn and Garden Supply’s Strongsville Store
Under the new ownership, the Strongsville store will change its name to Kurtz Bros. Inc. The transaction does not include the Landmark Lawn and Garden Supply store in Avon....
By Mark Scott
February 12, 2020
Altoona Honda under new ownership
Bill Barnes and Paul Ritchie recently sold Altoona Honda to Timbrook Automotive, which has 11 dealerships throughout Maryland, Virginia and West Virginia. This is Timbrook’s first location in Pennsylvania....
By Jayne Gest
February 12, 2020
WW Williams purchases CP Company
W.W. Williams Co. has completed its acquisition of CP Company, which does business as CT Power and Iceberg Enterprises. The transaction should strengthen W.W. Williams with additional independent truck maintenance locations and broaden its trailer parts and related product lines....
By Jayne Gest
February 12, 2020
Gridiron Capital Completes Sale Of Dent Wizard To Dealer Tire
Gridiron is making a significant new investment in the combined platform alongside the majority shareholder, Bain Capital, the Mueller family and the management team....
By Mark Scott
February 12, 2020
ACP-Backed E Source Buys TROVE Predictive Data Science
ACP acquired E Source in June 2019 and last week announced the company’s acquisition of UtiliWorks Consulting. Both companies will be united under the E Source brand in the months ahead....
By Mark Scott
February 11, 2020
Bedford Funds launches $2B fund raise
Pittsburgh-based Bedford Funds LP is launching a $2 billion fund raise, that looks to create a private equity fund specifically targeting operating businesses, rather than real estate investments....
By Jayne Gest
February 11, 2020
Carnegie Learning divests Paradigm Education Solutions
Carnegie Learning, a Pittsburgh learning technology company, has agreed to sell Paradigm Education Solutions, a post-secondary provider of print and digital learning solutions, to Kendall Hunt Publishing Co....
By Jayne Gest
February 11, 2020
Celsense raises funding
Pittsburgh-based Celsense Inc. is in the process of raising $500,000 of venture funding in form of convertible debt, according to PitchBook....
By Jayne Gest
February 10, 2020
ACP-Backed Alliance Source Testing Makes Fourth Add-On Acquisition
Align Capital Partners-backed Alliance Source Testing LLC has acquired METCO Environmental from TestAmerica, a subsidiary of Eurofins Scientific....
By Mark Scott
February 10, 2020
EmployStream Closes $7M Series B Funding Round
EmployStream will use the capital to expand product development, increase its footprint in the staffing industry and drive innovation of ideas inspired by its rapidly growing customer base....
By Mark Scott
February 10, 2020
Vertiv closes GS Acquisition Holdings merger, becomes publicly traded
Columbus-headquartered Vertiv Holdings Co. has completed its business combination with GS Acquisition Holdings Corp. GS Acquisition Holdings Corp. has been renamed Vertiv Holdings Co. and will trade on the New York Stock Exchange....
By Jayne Gest
February 7, 2020
MedPilot Raises Additional $1.5M In Funding
Investors in this latest round include JumpStart, Jon Pinney, North Coast Angel Fund, Valley Growth Ventures, Wavemaker Partners and Hudson River Capital Partners....
By Mark Scott
February 6, 2020
Rea & Associates buys W.J. Ubbing and Associates
Rea & Associates, a regional accounting and business consulting firm based out of New Philadelphia, Ohio, will merge in clients from Columbus CPA firm W.J. Ubbing and Associates, which primarily works with construction companies....
By Jayne Gest
February 6, 2020
Sherwin-Williams To Build New Global HQ In Downtown Cleveland
Preliminary plans call for Sherwin-Williams to invest a minimum of $600 million to build new HQ, as well as a new R&D Center in Brecksville....
By Mark Scott
February 6, 2020
Align Capital Partners-Backed E Source Buys UtiliWorks
ACP acquired E Source in June 2019 and UtiliWorks marks the platform’s second add-on acquisition....
By Mark Scott
February 6, 2020
Two Labs buys CEEK Enterprises
Two Labs, a Powell, Ohio-based pharmaceuticals services company, has acquired CEEK Enterprises, a Boston management consultancy dedicated to supporting clients in the biopharma and medical technology industries. The transaction will significantly expand Two Labs’ suite of integrated offerings....
By Jayne Gest
February 5, 2020
SinterMet sold to V&A Capital
New York PE firm V&A Capital has partnered with the management team of SinterMet LLC to acquire the company, which is headquartered near Pittsburgh. The firm plans to support SinterMet’s growth through increased product offerings, entering new end-markets and searching for complementary add-on acquisitions....
By Jayne Gest
February 5, 2020
Hyland Buys Learning Machine
Learning Machine is considered a pioneer in leveraging blockchain technology to authenticate documents and content....
By Mark Scott
February 5, 2020
MPE Partners Announces Recap Of Wisconsin-Based Teel Plastics
Teel has been owned by the Smith family for over 20 years and was seeking a partner to help the Teel team capitalize on the significant growth opportunities that are currently available to the company....
By Mark Scott
February 5, 2020
CBIZ Snags Alliance Insurance Services, Pension Dynamics Co.
Alliance Insurance Services is based in Washington D.C. while Pension Dynamics is headquartered in Pleasant Hill, California....
By Mark Scott
February 5, 2020
Maven Machines raises $7M in Series A funding
Maven Machines has raised $7 million in Series A funding, led by Allos Ventures, with additional participation from Hearst Ventures, Pittsburgh-based Riverfront Ventures, which is an affiliate of Innovation Works, Great Oaks Venture Capital and existing private investors....
By Jayne Gest
February 5, 2020
PPG to buy Alpha Coating Technologies
Pittsburgh-headquartered PPG has agreed to acquire Alpha Coating Technologies LLC, a West Chicago manufacturer of powder coatings for light industrial applications and heat sensitive substrates....
By Jayne Gest
February 5, 2020
A. Stucki Co. parent company buys Salco Products
Stone Canyon Industries Holdings LLC’s SCI Rail Holdings LLC has — through its subsidiary, A. Stucki Company in Moon, Pennsylvania — has acquired Salco Products Inc. The acquisition of Salco, which is based in a Chicago suburb, broadens SCI Rail’s freight car product offering and expands its customer reach....
By Jayne Gest
February 4, 2020
BioMotiv, Bristol-Myers Squibb Launch Anteros Pharmaceuticals
This is the first company BioMotiv and Bristol-Myers Squibb have launched since executing their strategic partnership agreement, as previously announced in September 2019....
By Mark Scott
February 4, 2020
Riverside Locks In Latest Investment
The value-based private equity arm of The Riverside Co. has led an investment in LMG Holdings Inc., a provider of ignition interlock devices used to help prevent drunk driving....
By Mark Scott
February 4, 2020
Incline invests in BFG Supply
Incline Equity Partners, a Pittsburgh-based private equity firm, has acquired BFG Supply, a Burton, Ohio, provider of third-party and proprietary branded products to the lawn and garden industry....
By Jayne Gest
February 3, 2020
UPMC closes Western Maryland Health System deal
Western Maryland Health System officially has become UPMC Western Maryland, merging into the UPMC hospital network. UPMC has committed to make certain capital investments to enhance services and upgrade facilities in the Western Maryland region....
By Jayne Gest
February 3, 2020
Alcoa completes waste treatment business sale
Alcoa Corp. has completed the sale of Elemental Environmental Solutions LLC, a wholly-owned Alcoa subsidiary that operates a 1,300-acre hazardous waste treatment business in Gum Springs, Arkansas....
By Jayne Gest
February 3, 2020
PPG finalizes ICR acquisition
PPG has completed its acquisition of Industria Chimica Reggiana S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries....
By Jayne Gest
February 3, 2020
MSF Real Estate Capital sold to Walker & Dunlop
Walker & Dunlop Inc. expanded its debt brokerage team to Columbus, with the acquisition of MSF Real Estate Capital, an independent commercial real estate finance firm in Dublin....
By Jayne Gest
February 3, 2020
122-unit multifamily community sold
New York-based Sapphire Partners has acquired a 122-unit multifamily community in Columbus, adding it into its owned portfolio with a long-term, value-add investment. The property, previously known as Roundtree Rentals, is to be rebranded as Parkside at Maple Canyon....
By Jayne Gest
February 3, 2020
Everstream Completes Purchase Of Indy-Based Fiber Network
The purchase is part of Everstream’s strategy to provide reliable, high-bandwidth connectivity to enterprises in the Indianapolis metro area and throughout the Midwest....
By Mark Scott
February 3, 2020
Eaton Agrees To Buy Virginia-Based Power Distribution Inc.
The company is headquartered in Richmond, Virginia, and had 2019 sales of $125 million....
By Mark Scott
January 31, 2020
Annovis Bio closes $13.8M IPO
Annovis Bio Inc. has closed its initial public offering of 2,000,000 shares of its common stock at the public offering price of $6 per share, and the full exercise by the underwriters of their option to purchase 300,000 additional shares, bringing the total number sold to 2,300,000 shares....
By Adam Burroughs
January 31, 2020
Westinghouse closes Rolls-Royce Civil Nuclear purchase
Westinghouse Electric Co. has completed its acquisition of Rolls-Royce’s Civil Nuclear Systems and Services business in North America and in select sites in Europe. The deal represents a strategic investment in expanding the company’s nuclear products and services offerings ....
By Jayne Gest
January 29, 2020
Everstream plans to invest more than $250 million in buildout of its fiber network in 2020
The company also plans to pursue strategic acquisition and partnership opportunities, as well as enter five new Midwest markets....
By Mark Scott
January 28, 2020
Alexion acquisition of Achillion complete
Alexion Pharmaceuticals Inc. has completed its acquisition of Achillion Pharmaceuticals Inc., a deal that was announced in December....
By Adam Burroughs
January 28, 2020
First Ohio Planning sold to Mercer
Denver-headquartered Mercer Global Advisors Inc. has acquired First Ohio Planning LLC, a wealth management firm located in Columbus. The transaction will expand Mercer’s wealth management services in Ohio....
By Jayne Gest
January 28, 2020
Incline Equity buys Foundation Source
Incline Equity Partners, a Pittsburgh PE firm, has acquired Foundation Source, a national provider of comprehensive support services to private foundations. The partnership should position Foundation Source to expand its services, expertise and online capabilities, fueling its long-term growth....
By Jayne Gest
January 28, 2020
Huckestein Mechanical Services sold
Pittsburgh-based Huckestein Mechanical Services Inc. has been sold to Service Logic, a portfolio company of Warburg Pincus. The Charlotte, North Carolina, business acquires companies with a focus on retaining their individual cultures and entrepreneurial spirit....
By Jayne Gest
January 28, 2020
MOUNTAIN, a System One division, buys Texas firm
System One division MOUNTAIN LTD., a Maine-headquartered engineering services provider to the telecommunications industry, has acquired Level 5 Consulting Engineers, a wireless telecommunication architecture and engineering services provider. System One is based in Pittsburgh....
By Jayne Gest
January 28, 2020
Arconic offers debt in anticipation of separation
Pittsburgh-based Arconic Inc. has proposed offering second-lien notes by Arconic Rolled Products Corp., which is currently a wholly-owned subsidiary of Arconic....
By Jayne Gest
January 28, 2020
BGL Sells Huckestein Mechanical To Service Logic
Brown Gibbons Lang & Co. has sold Huckestein Mechanical Services Inc. to Service Logic, a portfolio company of Warburg Pincus....
By Mark Scott
January 27, 2020
Harmony Biosciences lands $200M debt facility
Harmony Biosciences has completed a $200 million debt facility with OrbiMed Advisors to provide additional capital to fuel the company's continued growth....
By Adam Burroughs
January 27, 2020
Moody’s to buy RDC
Moody’s will be acquiring RDC from Vista Equity Partners. Located in the greater Philadelphia area, RDC has been a part of the Vista portfolio since September of 2016....
By Adam Burroughs
