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local deals - Articles

September 20, 2019

Gallagher buys Andrew Insurance

Arthur J. Gallagher & Co. has acquired Powell, Ohio-based Andrew Insurance Associates Inc. The deal helps Gallagher further build its presence in the Columbus area and brings the company additional strengths in practice areas that it is looking to grow and expand....

By Jayne Gest

September 19, 2019

Horizon Global Closes $233M Sale Of Asia-Pacific Business Segment

Horizon Global, a manufacturer of branded towing and trailering equipment, will use the net proceeds to significantly reduce its debt and allow for increased financial flexibility....

By Mark Scott

September 19, 2019

Taubman Centers Completes $300M Sale Of South Korean Shopping Center

Starfield Hanam is the largest Western-style shopping center in South Korea at nearly 1.7 million square feet....

By Mark Scott

September 19, 2019

Federated Investors tender offer

Federated Premier Municipal Income Fund’s board approved and commenced a voluntary tender offer for up to 100 percent of its outstanding auction market preferred shares....

By Jayne Gest

September 19, 2019

Eurazeo Completes Purchase Of Elemica

The acquisition by Eurazeo is expected to support Elemica's expansion into new industry verticals, geographies, and product offerings through both organic growth as well as acquisitions....

By Michael Marzec

September 19, 2019

Riverside invests in Blue Moon Estate Sales

Blue Moon will complement existing Riverside platform Best Life Brand’s home care and assisted living placement services....

By Adam Burroughs

September 19, 2019

Shore Capital Partners Completes Recap Of Main Street Gourmet

Shore Capital plans to invest in the business development, sales & marketing, and production infrastructure to further enhance operations and explore opportunities for inorganic growth through acquisitions, as well as organic growth....

By Mark Scott

September 19, 2019

Home Serve USA Buys Fred's Home Services

The acquisition is the fifth acquisition in the last year for HomeServe, including the December purchase of Elyria-based Geisel Heating, Air Conditioning & Plumbing Inc....

By Michael Marzec

September 19, 2019

Hub International Buys WhartonHill Advisors

WhartonHill Advisors offers investment management, retirement plan expertise, investment fiduciary services, wealth management, financial and retirement services planning, and specialized executive benefit services....

By Mark Scott

September 19, 2019

Best Life Brands Completes Deal To Buy NC-Based Blue Moon Estate Sales

The deal marks the third brand on Best Life Brands' roster and is part of the parent organization's strategic plan to add complementary companies that serve older adults and people with diverse needs in a more effective and holistic way....

By Mark Scott

September 18, 2019

Gallagher buys Allied Insurance Brokers

Arthur J. Gallagher & Co. has acquired Pittsburgh-based Allied Insurance Brokers and its subsidiary, Ascinsure Specialty Risk. The Rolling Meadows, Illinois-headquartered global insurance brokerage plans to utilize Allied’s niche expertise in the crane and scaffold industries as a natural addition to Gallagher’s construction practice capabilities....

By Jayne Gest

September 18, 2019

Lineage Logistics Makes Strategic Acquisition In Europe

The acquisition will add more than 10 million cubic feet and more than 300,000 square feet of storage capacity to Lineage’s portfolio after current expansions are completed....

By Mark Scott

September 18, 2019

Superior National Buying Main Street Bank

The combined bank will have assets of more than $800 million, with 11 bank branches and four loan origination offices in Michigan's Upper Peninsula and southeast Michigan....

By Michael Marzec

September 18, 2019

AAM Sells Grede U.S. Casting Operations To Gamut Capital Management

American Axle & Manufacturing Holdings will sell the U.S. operations in the U.S. to funds managed by Gamut for $245 million....

By Michael Marzec

September 18, 2019

ADS prices $350M in senior notes

Advanced Drainage Systems Inc., a global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, priced a private offering of $350 million in 5 percent senior unsecured notes due 2027....

By Jayne Gest

September 18, 2019

Brown & Brown Sells General Agency To BenefitMall

The acquisition marks the first time BenefitMall will enter the Pennsylvania market....

By Michael Marzec

September 18, 2019

BGL Sells Strength Environmental LLC To Valicor

Brown Gibbons Lang & Co. has sold Inkster, Michigan-based Strength Environmental LLC to Valicor Environmental Services, a member of the Pritzker Private Capital family of companies....

By Mark Scott

September 18, 2019

Hub International Buys NY-Based EPIC Retirement Services

EPIC Co-Founder Eva Kalivas will join Hub Northeast, working with Reich and collaborating heavily with Paul Collins, president and CEO of Hub Northeast....

By Mark Scott

September 18, 2019

NextChapter sold to Fastcase

Fastcase, a Washington D.C. legal publisher, has acquired NextChapter, the Columbus startup that creates cloud-based bankruptcy software for attorneys and paralegals. Fastcase plans to invest in NextChapter to create products that integrate legal research, dockets and news, for bankruptcy and beyond....

By Jayne Gest

September 18, 2019

Idelic raises $8M Series A round

Idelic, a Pittsburgh-based data and analytics startup, closed an $8 million Series A financing round, led by Chicago’s Origin Ventures with participation from TDF Ventures, Birchmere Ventures, Bain Capital Ventures and SaaS Venture Capital. Idelic will use the funds to grow its engineering and sales teams, and pave the way to release a mobile application....

By Jayne Gest

September 18, 2019

Commercial Vehicle Group buys First Source Electronics

New Albany-headquartered Commercial Vehicle Group Inc. has acquired substantially all of the assets and certain liabilities of First Source Electronics LLC, an electronics systems integrator in Elkridge, Maryland, for as much as $44.75 million, subject to certain targets. CVG expects the strategic acquisition to contribute to its long-term growth and allow it to enter the warehouse automation market....

By Jayne Gest

September 18, 2019

Indago Raises Another $1 Million

The company previously raised $4.5 million of venture funding in June and in 2018 raised $5.5 million from "40 physician champions."...

By Michael Marzec

September 17, 2019

Aqua America to buy DELCORA wastewater assets for $276M

Aqua America is the second-largest publicly traded water utility based in the U.S., and serves more than 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia....

By Adam Burroughs

September 17, 2019

Navrogen raises $3.2M in funding

Navrogen Inc. has raised $3.2M in convertible note financing to support its operations, Humoral Immuno-Oncology (HIO) discovery platform and preclinical therapeutic pipeline activities....

By Adam Burroughs

September 17, 2019

StonePoint buys Standard Gravel

The acquisition of Standard will complement and expand StonePoint's subsidiary Southern Aggregates LLC, the largest sand and gravel producer in Louisiana....

By Adam Burroughs

September 17, 2019

MPE Partners invests in Arizona Shower Doors

Arizona will partner with MPE's existing portfolio company, DreamLine, a distributor of shower related products....

By Adam Burroughs

September 17, 2019

Installed Building Products prices notes

Installed Building Products Inc., a Columbus-based installer of insulation and complementary building products, has priced its previously announced offering of 5.75 percent senior unsecured notes due 2028 at $300 million....

By Jayne Gest

September 17, 2019

Huron Capital-Backed Albireo Makes 10th Add-On Acquisition

Huron Capital formed Albireo in 2014 with the goal of building an industry leader in the fast-growing U.S. market for energy efficiency, building automation and energy management....

By Mark Scott

September 17, 2019

S&T Bancorp share repurchase plan

The board of S&T Bancorp Inc., the holding company for S&T Bank with locations in Pennsylvania, Ohio and New York, authorized a new share repurchase plan at its regular meeting Sept. 16, 2019. This new repurchase authorization, effective through March 31, 2021, permits S&T to repurchase up to $50 million in shares of S&T’s common stock through open market and privately negotiated repurchases....

By Jayne Gest

September 16, 2019

Axalta Coating buys Capital Paints

Axalta Coating Systems Ltd., a global manufacturer of liquid and powder coatings, is set to acquire Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer specializing in architectural powder coatings....

By Adam Burroughs

September 16, 2019

Precise Metal Products bought by Staple Street Capital

New York private equity firm Staple Street Capital worked in partnership with Thompson Capital Partners on the deal....

By Adam Burroughs

September 16, 2019

Parker Hannifin finalizes Exotic Metals Forming deal

Exotic Metals Forming will become a stand-alone division and will continue to be led by Bill Binder, formerly Exotic President and CEO....

By Adam Burroughs

September 16, 2019

Gordon Pointe to merge with Hall of Fame Village in $390M transaction

The merger is expected to produce a sports, entertainment and media enterprise surrounding the Pro Football Hall of Fame....

By Adam Burroughs

September 16, 2019

Timken buys BEKA Lubrication for $165M

BEKA is headquartered in Pegnitz, Germany and employs approximately 900 people, with manufacturing, research and development based in Germany, and assembly facilities and sales offices around the world....

By Adam Burroughs

September 16, 2019

Howard Hanna sister company buys North Carolina Realtor

Howard Hanna Real Estate Services’ sister company, Allen Tate Realtors®, has acquired Blowing Rock Investment Properties, an independent residential real estate company serving Blowing Rock, Boone and surrounding areas. This acquisition marks Charlotte-based Tate’s entry into North Carolina’s High Country region....

By Jayne Gest

September 16, 2019

F13 Works raises capital

F13 Works LLC has raised $250,000 in early-stage venture funding from undisclosed investors, according to PitchBook. The Columbus startup, founded in 2016 as a provider of an e-commerce distribution software intended to serve as the bridge between manufacturers and e-commerce stores, has raised $1.1 million to date....

By Jayne Gest

September 16, 2019

KickUp closes $1.75M Series A round

The round, which will be deployed to accelerate the company’s customer growth and platform expansion, brings KickUp’s total capital raised to $4.75 million....

By Adam Burroughs

September 16, 2019

Tribune Media Issues Statement On Nexstar Deal

The statement is in response to the FCC's decision to approve the acquisition of Tribune Media Co. by Nexstar Media Group....

By Mark Scott

September 16, 2019

Sphera Completes Deal To Buy thinkstep

Sphera, a global provider of integrated risk management software and information services, has completed its acquisition of Stuttgart, Germany-based thinkstep after German regulatory authorities approved the deal....

By Mark Scott

September 13, 2019

Castle Creek to buy Fibrocell Science

With the resources of CCP Holdings' subsidiary, Castle Creek Pharmaceuticals LLC, Fibrocell's gene therapy platform can be advanced into additional areas of high, unmet need with the potential to develop multiple, promising new therapies....

By Adam Burroughs

September 13, 2019

Riverside invests in Affinitiv

Private equity firm The Riverside Co. has made a non-control investment in Affinitiv, Inc., a portfolio company of CIP Capital, in connection with its transformative acquisition of Loop LLC....

By Adam Burroughs

September 12, 2019

Coastal Ridge Real Estate buys student housing from Chicago, Houston sellers

Coastal Ridge Real Estate purchased Sterling 920 Terrace, a 260-unit, 775-bed luxury student housing project near Arizona Statement University, in a joint venture with Canada’s iA Financial Group. The sellers were Houston-based The Dinerstein Companies and Chicago-based Harrison Street Real Estate....

By Jayne Gest

September 12, 2019

Hyperion to buy German-based AFC

Hyperion Materials & Technologies Inc., a Worthington-headquartered materials science company focused on the hard and superhard materials space for high-precision applications, has agreed to acquire Arno Friedrichs Hartmetall GmbH & Co. KG and its affiliates. The strategic transaction is intended to make Hyperion a leading player in cemented carbide blank production....

By Jayne Gest

September 12, 2019

Hometown Urgent Care purchases Springfield clinics

Hometown Urgent Care, Ohio’s largest urgent care and occupational health company, which is headquartered in Columbus, has acquired three clinics operated by Community Urgent Care in Springfield, Ohio. Hometown plans to consolidate its operations in Springfield into three clinics....

By Jayne Gest

September 12, 2019

KCM Capital completes Industrial Valve purchase

Chicago-based private investment firm KCM Capital Partners LLC, an investor in lower middle-market business services, value-added distribution and specialty industrial companies, has completed its acquisition of Industrial Valve Sales & Services LLC. The transaction was completed in partnership with company management, Pittsburgh’s PNC Mezzanine Capital and North Carolina’s Five Points Capital....

By Jayne Gest

September 12, 2019

Fair Buys Canvas From Ford Credit

Ford Motor Credit Co. The agreement furthers Fair’s leadership position in the vehicle subscription category, enabling the company to continue to accelerate consumer adoption and expansion throughout the U.S....

By Mark Scott

September 11, 2019

Ohio Transmission Corp buys pump company

Ohio Transmission Corp., an industrial equipment service provider and distributor based in Columbus, has acquired Pumps, Parts and Service Inc., an industrial pump and repair company with service locations in the Southeast, one of the fast growing industrial areas in the country....

By Jayne Gest

September 11, 2019

Debt offering from Installed Building Products

Installed Building Products Inc., a Columbus-based installer of insulation and complementary building products, has launched an offering of $300 million in senior unsecured notes due 2028. IBP intends to use the net proceeds from the notes to repay a portion of the current borrowings under its Term Loan B credit facility, and for other general corporate purposes....

By Jayne Gest

September 11, 2019

Covia closes Winchester and Western Railroad sale

Covia, a provider of mineral-based and material solutions for the industrial and energy markets, has closed on the sale of the Winchester and Western Railroad to an affiliate of OmniTRAX, Inc....

By Adam Burroughs

September 11, 2019

Friendly Planet Travel buys insightCuba

Global tour operator Friendly Planet Travel, headquartered in Jenkintown, has acquired New York-based insightCuba, a provider of legal travel to Cuba....

By Adam Burroughs