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May 21, 2019
Riverside Co. invests in Naturally Slim
By Adam Burroughs
The Riverside Co., a global private equity firm, has invested in Naturally Slim of Dallas, Texas, a digital health platform focused on helping participants lose weight and lead healthier lives.
Local Deals Cleveland
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.
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.
May 1, 2019
Automated Packaging Systems bought for $510 million
The Streetsboro-based manufacturer of flexible bag packaging systems is being acquired by Sealed Air for $510 million on a cash and debt free basis.
April 18, 2019
Ancora's DiSanto will keep pushing for change at J. Alexander’s
Ancora will continue pushing for change at J. Alexander's after the restaurant chain rejected the investor's takeover bid.
April 15, 2019
Aurora Plastics acquires Elastocon
Aurora Plastics has acquired compounder Elastocon TPE Technologies, expanding its product line and bringing broader TPE compounding capabilities to its portfolio.
April 12, 2019
Moreno all in on blockchain after selling 7 more dealerships
Bernie Moreno sold seven car dealership franchises last week, reinforcing his commitment to make Cleveland a central hub for blockchain technology.
April 2, 2019
Park Place now largest TPM in Europe with MCSA buy
Park Place Technologies has acquired MCSA Group Limited, a UK-based business-critical IT services and solutions provider, snagging all of MCSA's business to become the largest third-party maintenance provider in Europe.
April 2, 2019
Norton Industries acquired by CertainTeed
This acquisition of the maker of wood ceiling and wall designs is intended to add to Malvern, Pa.-based CertainTeed's innovation capabilities and increase its presence in the high-growth architectural specialties ceilings market.
April 2, 2019
Preformed Line Products to acquire MICOS TELCOM
Preformed Line Products is set to acquire MICOS TELCOM s.r.o., as it positions itself to support emerging industry technologies like 5G, network densification, and metro fiber rings.
April 1, 2019
Lincoln Electric buys Baker Industries
Lincoln Electric Holdings Inc. has acquired Baker Industries Inc., a privately held provider of custom tooling, parts and fixtures primarily serving automotive and aerospace markets.
April 1, 2019
Timken acquires Diamond Chain Co.
The Timken Co. has acquired The Diamond Chain Co. from Amsted Industries. With the acquisition, Timken's power transmission portfolio now accounts for roughly one-third of its revenues.
April 1, 2019
MGM completes Northfield Park acquisition
Following the $275 million transaction, MGM Resorts has rebranded the property as MGM Northfield Park.
March 28, 2019
EmployStream gets $3.5 Series A bump
EmployStream has closed a $3.5 million Series A funding round that it will use to expand its product development, marketing and sales efforts as it looks to increase its footprint in the staffing industry.
March 26, 2019
Investors press change at Bed, Bath & Beyond
Bed, Bath and Beyond is fending off a group of activist investors, concluding Cleveland's Ancora Advisors, demanding significant changes, including replacing both its CEO and its entire board.
March 21, 2019
BGL oversees Miller Environmental Group sale to PE firm
Brown Gibbons Lang & Co.'s Environmental & Industrial Services team served as the exclusive financial adviser in the sale of Miller Environmental Group Inc. to GenNx360 Capital Partners.
March 21, 2019
Huntington Tower is on the block
Akron’s tallest building is officially for sale. Huntington Tower, the home of Huntington Bank and 1,200 of its employees, has no asking price yet.
March 20, 2019
Lubrizol expands natural, botanical offerings with acquisition of French supplier
The Lubrizol Corp. has acquired Laboratoire Phenobio, a French supplier of naturally-derived extracts and botanical active ingredients.
March 19, 2019
ACP-backed Pleatco buys APEL, Milton to expand air filtration services
Align Capital Partners portfolio company Pleatco Filtration has expanded into the industrial air filtration market with the acquisitions of APEL International and Milton Manufacturing.
March 19, 2019
MC Group continues aggressive growth strategy, acquires Coastal Signage + Wayfinding
MC Group has closed its second acquisition in just over year, announcing it has purchased Coastal Signage + Wayfinding, a full-service solutions provider based in Oceanside, California.
March 15, 2019
Case licensee NervGen Pharma raises $7.5M in IPO
The Vancouver-based company, which has licensed regenerative medicine technology from Case Western Reserve University, said it plans to raise another $500,000 in a private placement.
March 14, 2019
TransDigm wraps up $4B Esterline deal
TransDigm Group Inc. has completed the acquisition of Esterline Technologies Corp., a specialized manufacturer serving the global aerospace and defense industries.
March 11, 2019
Enesco completes acquisition of Things Remembered
Giftware seller and distributor Enesco LLC has completed its acquisition of Things Remembered Inc., preserving 176 stores and 1,400 jobs while expanding the company's offerings.
March 11, 2019
Preformed Line Products buys Austrian SubCon Electrical Fittings
Preformed Line Products Co., a manufacturer of energy and communications infrastructure, has acquired SubCon Electrical Fittings GmbH, an Austrian manufacturer of substation connector systems and electrical accessory hardware.
March 6, 2019
McGowan Cos. acquires, rebrands Edgewater Holdings
The McGowan Cos. has purchased the assets of another insurance underwriter, Edgewater Holdings Ltd., in a move McGowan President and CEO Thomas B. McGowan IV said will further the company’s national growth strategy.
March 5, 2019
Beachwood’s NeverBounce acquired by B2B intelligence platform DiscoverOrg
Beachwood, Ohio-based email verification company NeverBounce is being acquired by DiscoverOrg, a B2B marketing intelligence firm based in Vancouver. The deal will help DiscoverOrg enhance its existing sales and marketing services and solutions for B2B companies.
March 5, 2019
Resilience Capital Partners sells Thermal Solutions Manufacturing
Private equity firm Resilience Capital Partners has sold Thermal Solutions Manufacturing, a provider of automotive heating and cooling products, to Altus Capital Partners Inc., an investment firm focused on the North American manufacturing sector.
March 4, 2019
Riverside Co. adds ADA Solutions to SureWerx safety portfolio
The Riverside Co. has acquired ADA Solutions, a developer and distributor of safety products and solutions for the visually impaired, as an add-on to its SureWerx portfolio company, a supplier of professional safety products, tools and equipment.
March 1, 2019
Eaton to spin off lighting business
Move will create a separate public company with $1.7 billion in sales to commercial, industrial, residential and municipal markets.
February 19, 2019
Report: Consolidated Precision Products on the block for $2B
Local Deals Cleveland
February 19, 2019
Compass Self Storage nabs another Florida location
The Alachua site is now the 18th Compass Self Storage location in Florida and the company's 87th location nationwide.
February 18, 2019
Riverside invests in 300-year-old rum producer
The PE firm has made a significant investment in E&A Scheer, the largest global blender and vendor of premium rum in bulk.
February 12, 2019
MediQuant agrees to buy HeF Solutions
Brecksville-based MediQuant, a provider of enterprise active archiving solutions to hospitals and health systems, is acquiring Illinois-based HeF Solutions. The deal follows by a day the announcement of MediQuant's acquisition of DataEmerge of Columbus.
February 11, 2019
MediQuant to acquire DataEmerge
MediQuant, a provider of archiving solutions to hospitals and health systems, is acquiring the data extraction company DataEmerge.“This merger is an opportunity for both MediQuant and DataEmerge to
February 8, 2019
Davey Tree buys Houston's Landscape Management Services
The Davey Tree Expert Co. is acquiring assets of LMS Inc. (Landscape Management Services), a Houston-based commercial landscape management company.“LMS brings a talented team of professionals, and we
February 6, 2019
Compass Self Storage adds third location in greater Pittsburgh
Compass Self Storage, a member of the Amsdell family of companies, has acquired a new self-storage center at 5301 N. Pioneer Road in Gibsonia, Pennsylvania, just north of Pittsburgh.
February 6, 2019
Things Remembered sells to Enesco, files bankruptcy
Things Remembered is selling most of its business to Enesco, an Illinois-based giftware, home décor and accessories distribution company. To facilitate the sale, the company filed voluntary petitions under Chapter 11, seeking bankruptcy court approval for a severance and outplacement program to support impacted employees and incentives for store employees.
January 31, 2019
Riverside adds Australian firm to Hiway platform
The Riverside Company bought WA Profiling and Stabilising, a Perth, Australia-based provider of road stabilization and profiling services. The company will be iadded to Riverside’s Hiway Group,
January 28, 2019
Weiss family selling American Greetings HQ
The Weiss family reportedly has put American Greetings Corp.’s global corporate headquarters in Westlake’s Crocker Park on the market, roughly a year after selling a majority stake in their family business to PE.
January 24, 2019
FirstEnergy Solutions gets new lease on life
FirstEnergy Solutions has staved off oblivion for now with a restructuring deal that will allow it to emerge from Chapter 11 bankruptcy.
January 10, 2019
CVS buys Ritzman Pharmacies, closes all but three sites
Ritzman Pharmacies is selling all of its 20 Northeast Ohio retail pharmacies to CVS Pharmacy, which will close all but three of the stores.
January 10, 2019
MRI Software acquires background screening business
MRI Software LLC has acquired Minnesota-based Rental History Reports and Trusted Employees, a provider of cloud-based applicant screening platforms.
January 8, 2019
Riverside-backed HSI adds EMS Safety Services
Health and Safety Institute, backed by Riverside Co., has acquired EMS Safety Services Inc, a California-based provider of first aid and CPR training solutions.
December 13, 2018
Ranpak sells for $950M; going public
The Concord Township-based packaging products company is being bought for $950 million by One Madison Corp., a special purpose acquisition company.
December 7, 2018
Flashstarts launches early-stage blockchain fund
Charles Stack’s Flashstarts business accelerator is creating a $6 million, pre-seed investment fund for blockchain-based startups.
December 7, 2018
TravelCenters sells convenience stores
TravelCenters of America has completed the $330.8 million sale of its convenience store business.
December 7, 2018
Compass Self Storage adds 16th Atlanta center
The acquisition gives Compass Self Storage 16 locations in the greater Atlanta market, and 85 total storage centers nationwide.
June 15, 2018
Ranpak reportedly on the block
Bloomberg reports that Rhone Capital LLC is considering a sale of the Concord Township company, and it’s working with Goldman Sachs Group Inc. to find a buyer.
February 16, 2018
Get well soon?
What’s the right card to buy when your 112-year-old business has just been sold? After more than seven months of due diligence, Clayton, Dubilier & Rice last week agreed to buy a majority interest in American Greetings.
November 22, 2017
Trems sell majority stake in Arc Drilling to DC-area PE firm
Local Deals Cleveland