Local Deals - Smart Business Dealmakers
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January 23, 2020
Boschini Miller and Associates sold
Fort Lauderdale-headquartered FMS Solutions has acquired Boschini Miller and Associates, an 18-person accounting services firm in Westmoreland County that provides support to multiple grocery, restaurant and other retail environments....
By Jayne Gest
January 23, 2020
Seeley Law Office Merges Into Buckley King
The deal is expected to provide Seeley’s client base with a broader range of legal services, as well as enhance Buckley King’s service offerings to clients....
By Mark Scott
January 23, 2020
Cresco Labs Enters Into Senior Secured Credit Agreement
Cresco Labs has entered into a non-brokered credit agreement for a senior secured term loan in an initial aggregate principal amount of up to $100 million, with a mutual option to increase the size of the facility to a maximum of $200 million....
By Mark Scott
January 23, 2020
AMS Fulfillment Holdings acquires EchoData Group
Fort Point Capital, a Boston-based private equity firm, announced that its portfolio company, AMS Fulfillment Holdings LLC, has acquired EchoData Group....
By Adam Burroughs
January 22, 2020
Walton Street Capital, CT Realty Acquire Columbus, Ohio Parcel
CT acquired the 382-acre property in a joint venture with Walton Street Capital, a Chicago-based private equity real estate investment firm that has invested over $11 billion in real estate equity....
By Mark Scott
January 22, 2020
R&D Coatings sold to Universal Woods
R&D Coatings, which operates in Pittsburgh, has been acquired by Louisville-headquartered Universal Woods LLC, a portfolio company of Capital Partners....
By Jayne Gest
January 22, 2020
Regent Square Capital teams up to buy Generator Source
Pittsburgh private equity sponsor Regent Square Capital and Houston PE firm Galtney Partners have acquired Generator Source LLC, a sales and service provider of commercial standby generators and related services in Colorado and Southern Wyoming....
By Jayne Gest
January 22, 2020
Tenth And Blake Buys Detroit-Based Atwater Brewery
Tenth and Blake Beer Co. is the Chicago-based U.S. craft division of Molson Coors Beverage Co. Atwater Brewery is highly regarded in the Michigan craft beer community for its traditional German-style lagers and unique ales....
By Mark Scott
January 22, 2020
BGL Sells Texas Medical Office Building
Brown Gibbons Lang & Co. announced the real estate sale of the Musculoskeletal Institute of Tyler, consisting of approximately 68,952 total rentable square feet....
By Mark Scott
January 22, 2020
Adaptimmune Therapeutics to launch $84M IPO
Adaptimmune Therapeutics plc, which uses T-cell therapy to treat cancer, is pricing an underwritten public offering of 21,000,000 of its American Depositary Shares at a price to the public of $4 per ADS....
By Adam Burroughs
January 22, 2020
The Pennsylvania Trust Co. bought by Fiduciary Trust Company International
Fiduciary Trust Company International, a global wealth manager, is set to acquire The Pennsylvania Trust Company, a wealth management firm in the Philadelphia area....
By Adam Burroughs
January 22, 2020
Accupac acquired by Palladium Equity Partners
Palladium Equity Partners LLC, a middle market private equity firm, has acquired Mainland-based Accupac Inc., a provider of outsourced manufacturing and packaging solutions for the personal care and beauty markets....
By Adam Burroughs
January 22, 2020
382 acres in Rickenbacker Industrial Park purchased
CT Realty and Walton Street Capital have purchased 382 acres of industrial land in Columbus, for the development of 5.7 million square feet of large scale warehouse and distribution space....
By Jayne Gest
January 21, 2020
Drive Capital closes fund with $300M raised
Columbus venture capital firm Drive Capital recently closed its OverDrive Fund I, PitchBook reports. The fund targeted $400 million in its original paperwork but closed with $300 million....
By Jayne Gest
January 21, 2020
Incline Equity raises $1.165B for latest fund
Incline Equity Partners has closed Incline Equity Partners V, L.P. and Incline Equity Partners V-A, L.P. on $1.165 billion of capital commitments. The fund was oversubscribed above its initial target of $850 million....
By Jayne Gest
January 21, 2020
Ohio Transmission Corps buys second Arizona company
Columbus-headquartered Ohio Transmission Corporation has acquired Laron Inc. The purchase of the service provider of mechanical and electric motor repair will further OTC’s expansion into the Southwest....
By Jayne Gest
January 21, 2020
Kinetics Noise Control sold to Arkansas company
The Stephens Group LLC finalized its acquisition of Dublin-based Kinetics Noise Control Inc., and formed a new company, Catalyst Acoustics Group, which will serve as a platform for a group of acoustic, seismic, vibration and noise control companies....
By Jayne Gest
January 21, 2020
The Shops at Worthington Place has a new owner
Dallas Investment company Direct Retail Partners has purchased The Shops at Worthington Place for a reported $19.8 million....
By Jayne Gest
January 21, 2020
Wynnchurch Capital Closes Fund V At $2.277B
The fund, which had a target of $1.6 billion, was significantly oversubscribed, resulting in the fund reaching its hard cap and closing quickly after its initial launch in September 2019....
By Mark Scott
January 21, 2020
Toro Co. Buys Orrville-Based Venture Products
Ventrac is a manufacturer of articulating turf, landscape, and snow and ice management equipment for the grounds, landscape contractor, golf, municipal and rural acreage markets....
By Mark Scott
January 21, 2020
Eaton Agrees To Sell Hydraulics Business For $3.3B
The business had sales of $2.2 billion in 2019 and employs approximately 11,000 people. Eaton is retaining the filtration and golf grip businesses currently reported in the company’s hydraulics segment....
By Mark Scott
January 21, 2020
Reynolds Consumer Products Sets IPO Terms
The company has applied to list its shares of common stock on the Nasdaq Global Select Market under the ticker symbol “REYN.”...
By Mark Scott
January 21, 2020
Qlik buys RoxAI
Qlik has acquired RoxAI and its Ping intelligent alerting software....
By Adam Burroughs
January 21, 2020
Cerity Partners, Sullivan & Serwitz Merge
Cerity Partners has merged with Los Altos, California-based wealth management firm Sullivan & Serwitz. With this merger, Cerity Partners now manages approximately $26 billion in assets....
By Mark Scott
January 21, 2020
Circonus raises $6.8M Series A1
Circonus has received a $6.8 million Series A1 investment to continue advancing its machine data intelligence platform and meet market demand for machine data intelligence across multiple industries....
By Adam Burroughs
January 21, 2020
Magna Legal Services acquires RecordTrak
Magna Legal Services LLC has acquired RecordTrak Inc. in King of Prussia. Magna Legal Services continues to expand its service line, Record Retrieval, by acquiring a provider in the litigation support space....
By Adam Burroughs
January 21, 2020
Radian Group sells Clayton Services to Covius Holdings
The sale is consistent with Radian’s strategic focus on its core mortgage and real estate businesses and reflects the repositioning of its services segment initiated in 2017....
By Adam Burroughs
January 20, 2020
Birchmere Ventures to top off fund with $10M
Pittsburgh’s Birchmere Ventures is raising another $10 million with its BV5 Annex LLC that goes along with its active Birchmere Ventures V fund, according to a SEC filing....
By Jayne Gest
January 20, 2020
LJB Buys Eastlake-Based GGJ
GGJ provides professional landscape architecture, planning, civil and environmental engineering, water resources, surveying, and construction inspection services, primarily for municipalities and other public entities....
By Mark Scott
January 20, 2020
Direct Travel Buys Cleveland-Based Professional Travel
Founded in 1963, Professional Travel employs more than 175 employees with total combined sales of $448 million and represents Direct Travel’s largest acquisition in the U.S. to date....
By Mark Scott
January 20, 2020
First Federal Bank, Home Savings Bank Merger Gets Fed Approval
The transaction was announced on September 9, 2019, and is expected to close on Jan. 31, pending the satisfaction of all closing considerations....
By Mark Scott
January 20, 2020
Samya.AI Raises $6M In Seed Funding Led By Sequoia India
Samya.AI is an enterprise revenue growth AI SaaS company headquartered in Chicago with offices in London and its main product and R&D center in Bangalore, India....
By Mark Scott
January 16, 2020
Aqua America receives approval for People’s merger
Aqua America Inc., which is headquartered in Bryn Mawr, Pennsylvania, will take a new company name, Essential Utilities Inc., as of Monday, Feb. 3. The announcement comes after the Peoples acquisition received regulatory approval at the Pennsylvania Public Utility Commission’s Jan. 16 meeting....
By Jayne Gest
January 16, 2020
Serpentini, Ganley Partner To Buy Three Pat O'Brien Dealerships
Bob Serpentini, in conjunction with partner Ken Ganley, has acquired three Pat O’Brien Chevrolet dealerships in Medina, Westlake and Willoughby. The deal, effective immediately, creates the largest Chevrolet dealership group in Ohio and one of the largest in the country....
By Mark Scott
January 15, 2020
Digital Dream Labs buys Anki Robotics & Artificial Intelligence assets
Digital Dream Labs has acquired Anki Robotics and Artificial Intelligence assets without taking on any liabilities, effective immediately. The Pittsburgh company plans to relaunch the product line, deploy new features and develop new robots....
By Jayne Gest
January 15, 2020
GA Investment joins Stratos Wealth Advisors
Stratos Wealth Advisors, a Stratos Wealth Network company, has added Pittsburgh-based GA Investment Management, with committed assets of $400 million, to its network of independent financial advisers. Stratos is headquartered in Beachwood, Ohio....
By Jayne Gest
January 15, 2020
EQT prices senior notes
Pittsburgh-headquartered EQT Corp. has priced an offering of $1 billion of its 6.125 percent senior notes due Feb. 1, 2025 and $750 million of its 7 percent senior notes due Feb. 1, 2030....
By Jayne Gest
January 15, 2020
Retail Value Inc. Sells Georgia Shopping Parcel In $11.6M Deal
Net proceeds were used to repay mortgage debt associated with RVI....
By Mark Scott
January 15, 2020
MRI Software Gets Investment From Harvest Partners
Harvest Partners joins existing investors TA Associates and GI Partners as institutional shareholders in MRI. At the same time, TA Associates is also making a significant new investment in the business....
By Mark Scott
January 15, 2020
Beet Analytics Technology Raises $5.64M In Venture Funding
As of Jan. 15, the Plymouth-based company has raised a total of $7.48 million....
By Mark Scott
January 15, 2020
Turnspire Capital Buys MPI Holdings
Founded in 1969, MPI is a Tier 1 supplier of high-precision, fineblanked metal components, and is a leader in safety and mission-critical automotive and industrial parts....
By Mark Scott
January 15, 2020
Amynta Completes Deal To Buy American AutoGuardian
The AAGI acquisition is expected to further solidify Amynta's market leading position, now serving approximately 15,000 dealerships in the U.S. and Canada....
By Mark Scott
January 15, 2020
European Commission Conditionally Approves Synthomer Deal To Buy OMNOVA
Beachwood-based OMNOVA continues to expect the acquisition to be completed in early 2020....
By Mark Scott
January 15, 2020
Phoenix Rehab purchases Youngstown area clinics
Phoenix Rehabilitation and Health Services has acquired Youngstown-based TuDor Physical Therapy, which becomes the company’s first group of clinics in Ohio. This brings Phoenix’s total clinics to 117....
By Jayne Gest
January 15, 2020
May River Capital Buys NSL Analytical Services
Under the leadership of Larry Somrack, NSL has grown to approximately 75 employees serving over 1,700 customers globally from two locations in Warrensville Heights, Ohio....
By Mark Scott
January 15, 2020
Report: Duane Morris explores merger with Satterlee Stephens
Philadelphia-based law firm Duane Morris is reportedly discussing a merger with New York law firm Satterlee Stephens, according to Law.com....
By Adam Burroughs
January 14, 2020
JetSelect Aviation sold to Jet Edge
Van Nuys, California-headquartered Jet Edge International has acquired Columbus-based JetSelect Aviation to create one of the most diverse fleets of aircraft based throughout the U.S....
By Jayne Gest
January 14, 2020
UPMC Enterprises to invest $1B
UPMC Enterprises plans to deploy $1 billion to develop new drugs, diagnostics and devices by 2024. The investment group also has expanded its focus to include retinal and respiratory disease, autoimmune diseases, neuroinflammation and others....
By Jayne Gest
January 14, 2020
Wynnchurch Capital-Backed Midland Industries Buys Stainless Adapters Inc.
SAI CEO Michael Baker will join Midland as general manager of the company’s new Houston distribution center, which is slated to open in the spring of 2020....
By Mark Scott
January 14, 2020
Fairmount Partners advises Insight Workforce Solutions in sale to Kelly Services
Fairmount Partners, a middle-market investment bank, served as the exclusive financial adviser to Insight throughout the transaction....
By Adam Burroughs
