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November 21, 2019
Dynamit merging with Virginia competitor
By Jayne Gest
WillowTree LLC and Columbus-based Dynamit Technologies LLC, digital product agencies focused on designing and delivering mobile, web and voice applications, have agreed to combine forces to create the largest independent agency of its type in the U.S., with over 500 employees.
November 20, 2019
Rockwell Automation Building Sells For $61M
Mohr Capital, a Dallas-based, privately held real estate investment firm, has sold the 460,000-square-foot net leased office building in Mayfield Heights.
November 15, 2019
Philadelphia's Instem buys Columbus firm, Leadscope
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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.
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.
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.
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.
November 7, 2019
BGL Sells Warnock Food Products To Calbee
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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.
November 1, 2019
GT Entrepreneurs closes deal for Service-Tech Corp.
Pittsburgh’s GT Entrepreneurs has closed its third deal, as Gabriel Chick, a GTE operator-in-residence, has completed the final paperwork to acquire Service-Tech Corp., a Cleveland-based HVAC and industrial cleaning company.
October 30, 2019
Rock The House Announces Ownership Change
Rock The House Entertainment Group Inc. has new ownership with COO Ryan Konikoff acquiring the majority share of the business. Rock The House Founder and CEO Matt Radicelli will remain at the helm of the company.
October 30, 2019
Domino’s Pizza Announces Recapitalization Transaction
Domino's had global retail sales of over $13.5 billion in 2018, with nearly $6.6 billion in the U.S. and more than $6.9 billion internationally.
October 29, 2019
Apeks Supercritical sold to Rough Brothers
Apeks Supercritical, a Johnstown-based CO2 extraction manufacturer, has been acquired by Rough Brothers Inc., a Cincinnati greenhouse design and manufacturing company. The move allows Apeks to join forces with RBI and other companies to create a full-service solution in cannabis cultivation and processing.
October 29, 2019
Proper Rate Is New Joint Venture For Guaranteed Rate, @properties
The new company, which plans to launch early in 2020, intends to deliver a high-end, customer-focused retail mortgage lending experience and drive growth in select markets around the country.
October 28, 2019
Target Freight Management Buys NTS
Target Freight Management has acquired National Traffic Service Inc., a freight auditing and payment service. The strategic acquisition will better serve the end-to-end logistical needs of TFM’s less-than-truckload, full truckload and parcel freight customers throughout the U.S. and Canada.
October 24, 2019
Gabriel Performance Products Buy Deltech Portfolio
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October 24, 2019
Falls Buys Wyse In Deal That Combines Two Cleveland Firms
Wyse, which was founded in Cleveland in 1951, will be retaining its name, but will be co-branded a Falls company. A location or locations for the new company has yet to be decided.
October 21, 2019
Nationwide invests in Upstream Security
Upstream Security, an Israel-based company that provides cybersecurity for connected vehicles, raised $30 million in a Series B funding round backed by a prominent syndicate of investors, including some of the world’s largest OEM automotive vehicle manufacturers, insurance and fleet operators.
October 21, 2019
LyGenesis Closes $4M Convertible Debt Financing
LyGenesis Inc., a Pittsburgh biotechnology company focused on organ regeneration, has completed a $4 million in private financing of convertible notes from Juvenescence Ltd. and Longevity Vision Fund. This will enable LyGenesis’s lead program in liver regeneration to transition into clinical development.
October 21, 2019
Cleveland Clinic, American Well Partner On Digital Health Joint Venture
The Clinic expects to offer online access to expert care across a wide array of specialties without requiring individuals to leave their homes.
October 18, 2019
VoIP Innovations purchased by Sangoma
Ontario-headquartered Sangoma Technologies Corp. has acquired VoIP Innovations LLC for $42 million, if certain conditions are reached. The acquisition, Sangoma’s eighth in eight years, should provide the combined company with increased scale, more recurring revenue, a new product category, robust EBITDA margins, and a new sales channel within Sangoma’s broader portfolio.
October 17, 2019
Piston Group buys Marion Industries
Piston Automotive, a subsidiary of the Piston Group formed by Detroit businessman and NBA legend Vinnie Johnson, has acquired Ohio-based Marion Industries, a Tier 1 assembler of brake modules for Honda of America. The deal expands Piston Automotive’s footprint into the Central Ohio region and further diversifies the company’s growing list of OEM customers.
October 16, 2019
Tecum Equity buys Pinnacle Cranes
Pinnacle Cranes, a Link-Belt and Manitex dealer in North Carolina and South Carolina, has been purchased by Western Allegheny Capital LLC, and Tecum Equity, a Pittsburgh-based family office investment partnership.
October 16, 2019
Perfect Home Services To Buy Able Heating & Cooling
Able Heating & Cooling owners Pete and Sherry Manthe will remain with the business for the next couple of years to ensure a smooth transition for their customers.
October 8, 2019
FedEx truck terminal sold to Sealy & Co.
Sealy & Company, a Dallas-headquartered commercial real estate investment and operating company in the industrial real estate market, has acquired a 252-dock door Class A truck terminal in West Jefferson. The facility’s accessible location and rapidly expanding bulk industrial submarket made it attractive to Sealy.
October 8, 2019
Battelle sells DroneDefender assets
Dedrone, a San Francisco company that specializes in counter-small unmanned aircraft systems technology, has purchased all assets and intellectual property associated with DroneDefender from Battelle. Dedrone plans to launch a new consultancy that detects and classifies airspace activity, protects assets from drone threats and defeats adversary drones.
October 7, 2019
Worthington Industries Buys Heidtman Steel Processing Facility
The facility will complement Columbus-based Worthington’s network of facilities in Northeast Ohio, including its cold rolled steel processing facility in Cleveland and Samuel Steel Pickling Co., a joint venture, in Cleveland and Twinsburg.
October 3, 2019
Evoqua to divest Memcor product line
Evoqua Water Technologies has agreed to divest its Memcor® membrane product line to DuPont Safety & Construction. The transaction, which includes the product line’s global workforce, its manufacturing site in Windsor, Australia, associated operations and intellectual property, is expected to close by the end of 2019. The sale allows Evoqua to focus on core products and solutions.
October 1, 2019
U.S. Steel takes stake in Big River Steel
Under joint venture partnership agreement, United States Steel Corp. has taken first step toward acquiring Big River Steel, purchasing a 49.9 percent ownership interest for approximately $700 million in cash, with a call option to acquire the remaining interest within the next four years. Acquiring Big River, which operates the most advanced, state-of-the-art and sustainable mill in North America, will strengthen the Pittsburgh-headquartered company’s competitive positioning.
October 1, 2019
Golub & Co. Buys Chicago Loop Office Tower Burnham Center
Golub & Co. plans to refresh the tenant amenities, which include a fitness center, private tenant lounge, and conferencing facilities. Ground-floor retail includes a mix of national and regional tenants.
September 30, 2019
Autokiniton Completes Acquisition Of Tower International
AGG's Autokiniton US Holdings, Inc. subsidiary paid $31 a share in cash, or about $900 million after accounting for debt and pension liabilities. The deal was announced in July.
September 27, 2019
ExpressCells completes Series A round with $1.2M total raise
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Project Management Institute buys FLEX from Net Objectives
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Vail Resorts closes deal for 17 US ski areas
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September 24, 2019
II-VI completes Finisar purchase
II‐VI Inc., a global provider of engineered materials and optoelectronic devices, has completed its acquisition of Finisar Corp. The acquisition was first announced Nov. 9, 2018. II-VI, which is headquartered in Saxonburg, expects to achieve $150 million in run rate synergies over the next three years.
September 23, 2019
Ohio Transmission Corp buys Tennessee compressed air company
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September 23, 2019
Bold Penguin raises $32M in Series B funding
Insuretech startup Bold Penguin Inc. completed a $32 million Series B funding round. The Columbus company, which has raised $51.8 million to date, will use the funds to accelerate R&D by way of growing its employee roster, which doubled in the past year, and lay runway for firm’s expansion into specialty markets that insure high-risk segments.
September 19, 2019
Horizon Global Closes $233M Sale Of Asia-Pacific Business Segment
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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.
September 19, 2019
Shore Capital Partners Completes Recap Of Main Street Gourmet
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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.
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.
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.
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.
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.
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.
September 10, 2019
Kraft Heinz venture fund invests in cheese startup
New Culture, the San Francisco startup making animal-free dairy cheese, closed $3.5 million in seed round funding. The round was led by Evolv Ventures, the $100 million venture fund backed by Kraft Heinz investing in emerging tech companies transforming the food industry.
September 10, 2019
Southfield-Based e2View Inc. Raises $600,000 In Angel Funding
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September 10, 2019
McDonald’s Invests In Voice Technology, Buys Apprente
The Apprente team will be the founding members of a new, integrated, internal group within McDonald's Global Technology team called McD Tech Labs.
September 9, 2019
NEP Group to buy Aerial Video Systems
NEP Group, a Pittsburgh-headquartered outsourced technical production partner supporting content producers of live sports and entertainment, has agreed to acquire Aerial Video Systems. The addition of AVS will complement and build upon NEP’s Broadcast Services, especially its wireless AV capabilities.
September 9, 2019
Root raises $350M in Series E funding; now valued at $3.65B
This latest round, led by DST Global and Coatue, raises Root’s valuation to $3.65 billion and provides additional capital to accelerate growth in existing markets while expanding into new states and developing new product lines.
September 6, 2019
Alpha invests in opportunity zone near Rickenbacker
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Wind Point to buy Callery from Edgewater Capital
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September 5, 2019
MC Group Merges With Icon
Mentor-based MC Group, which is owned by Bahrain's Arcapita, has merged with Rolling Meadows, Ill.-based Icon to form one of the largest companies in the sign industry.
September 4, 2019
SPAGIO restaurant sold
SPAGIO, the Grandview restaurant and wine lounge founded by Chef Hubert Seifert and his wife, Helga, 38 years ago, has been sold to a Central Ohio-based restaurant group. Wine|Dine Holdings and cityBRANDS own and operate several restaurant concepts throughout the area, including The Wine Bistro, NAPA kitchen + bar and Katzinger’s Delicatessen.
September 4, 2019
Boston REIT completes $90.5M of purchases in four markets
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September 4, 2019
Safelite buys Auto Glass Specialists
Safelite® Group, a vehicle glass services and recalibration company and owner of Safelite® AutoGlass, has acquired the assets of Auto Glass Specialists. The single store location in Glenwood Springs, Colorado, will expand Safelite’s brick-and-mortar footprint in the area.
September 4, 2019
Novelis, Aleris deal faces challenge by U.S. Justice Department
Novelis Inc.’s deal to buy Aleris Corp. could be derailed by a lawsuit filed by the U.S. Justice Department, which is suing in order to preserve competition in the North American market for aluminum auto body sheet.
September 3, 2019
Inland Private Capital Sells Multifamily Property In $15M Deal
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September 2, 2019
MJR Digital Cinemas Sells To European Group in $152M Deal
MJR Digital Cinemas is privately held and operates 10 movie theater complexes with a total of 164 screens, all located in Michigan. In 2018, the company drew 6.2 million visitors with total revenue of $81.2 million.
August 28, 2019
First Midwest To Buy Park Bank In $195M Deal
Park Bank is one of the largest independent commercial banks in Milwaukee with approximately $1 billion of total assets, $815 million of deposits — of which approximately 85% are core deposits — and $700 million of loans.
August 28, 2019
True North Energy buys Schmuckal Oil
Brecksville, Ohio-based True North Energy LLC has closed on the purchase of 25 convenience retailing and petroleum marketing assets from Schmuckal Oil Co. and its affiliates in the Traverse City, Mich., market.
August 27, 2019
Rubenstein Partners buys Chesterbrook Corporate Center
Philadelphia-based fund manager Rubenstein Partners has closed on its acquisition of Chesterbrook Corporate Center, a 1.1- million-square-foot, 14-building Class A office park in the Philadelphia suburb of Chesterbrook.
August 22, 2019
SpotHero Announces $50M In Series D Funding, Closing In On $1B In All-Time Sales
The company offers the largest place to buy and sell parking in North America and has helped digitize nearly 7,000 parking facilities in the U.S. and Canada.
August 22, 2019
Compass Self Storage buys Pittsburgh location
Compass Self Storage, a member of the Amsdell family of companies, has acquired Shaler Self Storage in Allison Park. This transaction marks the Cleveland company’s fourth location in the Greater Pittsburgh area and its 90th location nationwide.
August 21, 2019
BestTransport purchased by Canadian firm
Descartes Systems Group has acquired Columbus-headquartered BestTransport.com Inc., a cloud-based transportation management system provider focused on flatbed-intensive manufacturers and distributors, for $11.2 million. The deal should strengthen the Ontario company’s transportation management footprint.
August 21, 2019
Courtyard Columbus-Worthington sold
Commonwealth Hotels LLC has bought the Courtyard Columbus-Worthington in order to expand its reach in the Columbus market through the Worthington property. The transaction is the Cincinnati-Northern Kentucky metropolitan area company’s fourth Courtyard and 21 Marriott hotel.
August 20, 2019
Avalon Precision Casting bought by Sigma Electric
Avalon Precision Casting is being acquired by Sigma Electric Manufacturing Corp., a manufacturer of ferrous and non-ferrous castings.
August 20, 2019
Bayer to sell Animal Health unit
Indiana-based Elanco Animal Health has agreed to buy Bayer AG’s animal health business in a cash and stock deal valued at $7.6 billion. The transaction creates the second largest maker of medicines for pets and livestock and falls in line with Bayer's strategy to slash debt.
August 20, 2019
PNC Mezzanine Capital recapitalizes Mountainside Fitness
PNC Mezzanine Capital recently completed a minority recapitalization of a $15 million preferred stock investment with Mountainside Fitness. PNC Mezzanine Capital and the Mountainside management team plan to continue to expand the company’s leadership position in the Arizona fitness community and beyond.
August 19, 2019
Grove City Medical Center to join AHN
Grove City Medical Center, Allegheny Health Network and Highmark Health have signed an affiliation agreement. Pending government approval of the merger, the organizations expect to close on the affiliation in the next few months, establishing Grove City as AHN’s ninth owned hospital.
August 19, 2019
Installed Building Products buys Therm-Con
Installed Building Products Inc., an installer of insulation and complementary building products, has acquired Therm-Con LLC and Foamtech Inc. With trailing 12-month revenue of $4.7 million, Therm-Con enhances IBP’s presence in markets throughout Tennessee and its surrounding states.
August 19, 2019
Safelite Group to buy TruRoad
Safelite® Group has agreed to acquire the combined businesses of TruRoad, which includes COP TruRoad Parent LLC and COS SCS Parent LLC, from Dallas PE firm CenterOak Partners LLC. With this deal, Safelite will have increased capacity to expand its national footprint, accelerate growth and better serve its customers and clients.
August 13, 2019
Level One Bancorp To Merge With Ann Arbor Bancorp In $67.8M Deal
Upon completion of the merger, the combined company will operate under the Level One name and have over $1.8 billion in assets, $1.4 billion in loans and $1.5 billion in deposits, based upon financials as of June 30.
August 12, 2019
Motus Integrated Technologies To Buy Janesville Fiber Solutions
Janesville produces high-performance engineered acoustical and thermal fiber solutions for a variety of automotive applications
August 7, 2019
Anheuser-Busch Buys Platform Beer
Anheuser-Busch InBev has acquired Cleveland-based craft brewer Platform Beer Co. Terms of the deal were not disclosed.Platform, founded by Paul Benner and Justin Carson in 2014 as a homebrew-inspired
August 5, 2019
Coeo raises angel round
Warrendale, Pennsylvania-based Coeo, which brings people and spaces together, has raised $100,100 of angel funding in the form of SAFE notes from undisclosed investors. Additionally, the company raised $30,000 of angel funding from undisclosed investors on Feb. 22, 2019.
August 2, 2019
Navigant to be bought by Guidehouse for $1.1B
Chicago-based consulting firm Navigant Consulting Inc. is set to be acquired by Guidehouse, a Washington D.C.-based management consulting firm for $1.1 billion.
August 1, 2019
ADS buys Infiltrator Water Technologies
Advanced Drainage Systems Inc. has acquired Infiltrator Water Technologies for approximately $1.08 billion, from an affiliate of the Ontario Teachers’ Pension Plan and other stockholders. The deal builds on ADS’ existing water management solutions platform and is an opportunity to expand into the on-site septic business.
July 31, 2019
Nationwide invests in pet app VitusVet
Nationwide has made another strategic investment in VitusVet, a provider of mobile solutions for pet owners and veterinary practices. Nationwide will also serve on the VitusVet board of directors.
July 30, 2019
Parker Hannifin set to buy Exotic Metals Forming for $1.7B
Parker Hannifin Corp. is set to acquire Exotic Metals Forming Company LLC for $1.725 billion in cash.
July 30, 2019
Ford buys robotics company Quantum Signal
Ford has acquired Quantum Signal, a Saline, Michigan, mobile robotics company, which helped the military develop software that allowed it to remotely control robotic vehicles from thousands of miles away. The transaction should help advance Ford’s goal of launching a self-driving vehicle business, including software development and hardware prototyping.
July 30, 2019
Drive Capital invests in Physna
The early stage technology startup in Cincinnati completed a $6.9 million Series A round of financing led by Columbus-based Capital.
July 29, 2019
Mylan and Pfizer's Upjohn division to combine
Mylan N.V. and Pfizer Inc. have agreed to combine Mylan with Upjohn, Pfizer’s off-patent branded and generic established medicines business, creating a new global pharmaceutical company. The strategic deal puts together Mylan’s pipeline and supply chain and Upjohn’s commercial and medical infrastructure and expertise, in order to serve more than 165 markets.
July 26, 2019
Campbell reportedly selling Australian biscuit maker Arnott’s
New York private equity firm KKR & Co is reportedly closing in on a deal to acquire Australian biscuit maker Arnott's, according to The Sydney Morning Herald.
July 24, 2019
Gemphire Therapeutics merges with NeuroBo Pharmaceuticals
The merged company will take on the NeuroBo name and focus on the company’s clinical-stage drug candidates for the treatment of neurodegenerative diseases.
July 23, 2019
Vail Resorts buys 17 U.S. ski areas for $264 million
The acquisition includes Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio; and Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania.
July 22, 2019
Huron Capital-Backed Sciens Building Solutions Buys Firm
The transaction represents the latest acquisition for Sciens since Huron Capital formed the platform in 2016 to pursue a buy-and-build investment strategy in the fire service and integrated solutions sector.
July 22, 2019
Etsy To Buy Reverb In $275M Deal
Acquiring the leading online marketplace for new, used and vintage musical instruments will enable Etsy to expand into a new vertical with a company that has a similar strategy and business model.
July 22, 2019
Westinghouse buys Canada’s NA Engineering Associates
The Canadian provider of engineering solutions has significant nuclear expertise, which will help diversify the Cranberry Township company’s engineering capabilities.
July 22, 2019
REIT buys distribution center leased to Pepsi unit
Canada's Granite REIT bought a total of three industrial properties including an 802,390-square-foot distribution center near Rickenbacker International Airport.
July 18, 2019
Look Good Brands buys Legends Boxing
The subsidiary of Canonsburg-based Deka Lash is attempting to bring together a range of beauty, health and fitness brands.
July 16, 2019
MPD Chemicals bought by Entegris Inc.
The acquisition is expected to help Entegris continue to grow and diversify its engineered materials portfolio, which was recently expanded with the acquisition of Digital Specialty Chemicals.
July 16, 2019
Lubrizol buys Bavaria Medizin Technologie
This acquisition is intended to build on Lubrizol’s expertise in precision thermoplastic extrusion and product development.
July 16, 2019
Chemical, TCF Deal Receives Regulatory Approval
The combined company is expected to have over $46 billion in total assets and be a top 10 bank in the Midwest based on deposit market share.
July 16, 2019
RoadBotics raises $7.5M Series A round
The Pittsburgh-based company, which grew out of Carnegie Mellon University research into standardizing road assessment using artificial intelligence, has raised $11.4 million over five rounds.
July 16, 2019
Built In Closes $22M Series C Funding
This is the second-largest round of funding in Chicago raised by a woman CEO leading a digital technology company, according to Pitchbook.
July 16, 2019
Middleby Buys Packaging Progressions Inc.
Packaging Progressions is a $30 million Pennsylvania-based provider of automated packaging technologies for customers in the protein and bakery segments.
July 11, 2019
Kennametal to close Westmoreland County facility with restructuring
Kennametal Inc. plans to close its manufacturing facility in Irwin, Pennsylvania, as well as two manufacturing facilities and a distribution center in Germany. The restructuring actions should facilitate a simplified and leaner structure, while further positioning the company for long-term profitable growth.
July 10, 2019
Green Growth Brands combines with MXY Holdings
Green Growth Brands Inc. has agreed to create a new Ontario limited partnership with MXY Holdings LLC, among others, where GGB will acquire the issued and outstanding units of Moxie in an all-equity interest transaction for around $310 million. The plan is to create the first 360-degree cannabis company.
July 9, 2019
Navigator Management Partners purchased by Avaap
Avaap has acquired Columbus-based Navigator Management Partners, a cross-platform management and technology consulting firm specializing in ERP systems, business intelligence and change management. The strategic acquisition expands the Edison, New Jersey, firm’s capabilities.
July 2, 2019
Alliance Data completes Epsilon sale
Alliance Data plans to use the net sale proceeds to repurchase shares and pay down corporate debt.
July 1, 2019
Century Therapeutics gets $250M in funding
The funding from Bayer, Versant and Fujifilm Cellular Dynamics will allow Century to move multiple programs into clinical development for hematologic and solid malignancies.
July 1, 2019
Fisher Building Owners Close On $36M Refi Loan
The deal provides New York-based HFZ Capital and The Platform, a private development firm in Detroit, with money to knock out prior debt on the building, according to a statement on the UC Funds website, clearing the way for preservation work.
July 1, 2019
Machine Learning startup LifeWhere purchased by Resideo
The Austin, Texas-based company plans to use the startup to expand its remote monitoring and predictive maintenance capabilities.
June 28, 2019
Livongo Health files for IPO
The startup — co-founded by Chicago entrepreneur Glenn Tullman, former CEO of AllScripts — is expected to attain a valuation of more than $1 billion.
June 27, 2019
Highmark to sell Visionworks to VSP
VSP Global has agreed to acquire San Antonio-based Visionworks, which is a majority-owned subsidiary of Highmark.
June 26, 2019
StockX Attains Unicorn Status After Record Michigan VC Raise
The company also hired eBay executive Scott Cutler as its new CEO, succeeding co-founder Josh Luber, who will continue to serve on the executive leadership team and board.
June 25, 2019
Cameo Closes $50M Series B Round
Funds from the new round, led by Kleiner Perkins, will be used for platform enhancements and an expansion of the company's U.S. and international footprint.
June 24, 2019
Gores Forms JV To Redevelop Palace Of Auburn Hills Land
Schostak Brothers will serve as the lead partner and manage the future mixed-use development, which is expected to include corporate office, research & development and technology companies. The Palace was the home of Detroit’s NBA franchise from 1988 to 2017.
June 20, 2019
Compass Self Storage adds to Florida presence with Largo deal
The newest Compass self-storage center has more than 98,000 net rentable square feet and offers a mix of climate and non-climate drive-up units.
June 20, 2019
Former Westinghouse Nuclear headquarters campus purchased
Next Tier Connect has acquired a 505,000 square-foot mixed-use campus in Monroeville, Pennsylvania, which served as the former Westinghouse Nuclear headquarters. The property is the first acquisition of a national portfolio that should include select real estate and mission critical properties.
June 19, 2019
Capital One buys Detroit online luxury retailer Jewel
The bank holding company says the acquisition of the online luxury retailer will add to its efforts to develop tools that help customers make smarter financial decisions.
June 19, 2019
Axalta Coating System considers sale to maximize shareholder value
The supplier of liquid and powder coatings says its board has initiated a comprehensive review of strategic alternatives to maximize shareholder value.
June 18, 2019
Ohio Transmission Corp. buys Wisconsin, Minnesota companies
Furey Filter & Pump and PSI Engineering will continue to operate under their current names and with current management, including President George Furey and Vice President Jack Furey.
June 18, 2019
Crate and Barrel Buys Hudson Grace
Founded in 2012 by veteran retailers Monelle Totah and Gary McNatton, Hudson Grace is known for modern tabletop and entertaining products evoking the coastal California lifestyle.
June 14, 2019
Balfour Beatty buys second Memphis multifamily community
The 300-unit community, which is in the Memphis suburb of Bartlett, consists of one-, two- and three-bedroom apartment homes.
June 13, 2019
Cedar Fair buys Texas water parks, resort for $261 million
Cedar Point's owner is set to acquire two Schlitterbahn water parks in Texas in an all-cash transaction, and has reserved the right to acquire a shuttered Kansas City water park.
June 13, 2019
Accel Entertainment Bought By PE Firm TPG
TPG Pace Holdings Corp., the acquiring entity, will retain the Accel Entertainment name and will be a publicly listed company focusing on gaming-as-a-service.
June 13, 2019
Liberty Steel Buys Johnstown Wire Technologies
The transaction expands Liberty’s footprint in the U.S. steel downstream products market and adds to its ability to meet the Made in America specifications required for public infrastructure and utility contracts.
June 13, 2019
Bain Sells Impact Fitness to Morgan Stanley Capital Partners
Impact Fitness operates 29 Planet Fitness clubs across Michigan, Indiana, British Columbia and Ontario. It was founded by Chris Klebba in 2006 with the opening of the first Planet Fitness club in the Greater Detroit market.
June 13, 2019
Hyundai invests in Aurora as part of $600M+ Series B Round
Aurora’s existing partner Hyundai Motor Group has invested in Aurora as part of its Series B financing round. The self-driving technology startup now raised more than $700 million to develop Aurora Driver, strengthen its team and acquire cutting-edge technology.
June 12, 2019
Spring Labs Raises $23M in Series A Funding for Auto Loan Blockchain Work
The round was led by GreatPoint Ventures out of San Francisco with significant participation from existing investors, including August Capital, as well as GM Ventures, the corporate venture capital arm of Detroit’s General Motors.
June 11, 2019
Wolfe family sells four broadcast properties for $535M
The Dispatch Broadcast Group has agreed to sell two television stations — Columbus CBS affiliate WBNS and Indianapolis NBC affiliate WTHR — as well as sports radio station, WBNS Radio, to Virginia-based TEGNA Inc. for $535 million in cash. TEGNA sees the acquisitions as an excellent strategic and financial fit.
June 10, 2019
Aptar acquires Nanopharm and Gateway Analytical
AptarGroup has acquired two pharmaceutical services companies for a combined value of approximately $50 million. The acquisitions are part of the Crystal Lake company’s strategy to broaden its portfolio of services.
June 10, 2019
TPC Wire & Cable buys EZ Form Cable
The acquisition is intended to strengthen TPC’s position as a diversified supplier of high-performance wire and cable solutions to specialized, high-cost-of-failure environments.
June 7, 2019
Trevco Acquires California Print-on-demand Company
Trevco works with licensors such as Warner Bros., Hasbro and Paramount Pictures to manufacture consumer products and create digital e-commerce campaigns.
June 7, 2019
John Paul DeJoria buys Former McDonald’s HQ Site
The entrepreneur will assume ownership of the 80-acre site that includes the McDonald’s former campus office building, Hamburger University training facility and The Hyatt Lodge.
June 6, 2019
Industrial Scientific to buy Intelex for $570M
The acquisition of Intelex is the largest in the history of EHSQ pureplay vendors and one of the top five largest Canadian technology company exits in the last decade.
June 4, 2019
Boeing HorizonX Ventures invests in drone servicer Robotic Skies
This deal builds on a previously announced collaboration with Robotic Skies, Boeing Global Services and its subsidiaries to provide enhanced commercial unmanned aircraft system services.
June 4, 2019
Revolution Enterprises Completes HempVet Acquisition
HempVet is a national brand in the pet product market with more than 35 years of product development experience and an online and national retail distribution footprint.
June 3, 2019
Aramark reportedly leveraged buyout target
Aramark is reportedly the target of a leveraged buyout by New York’s Mantle Ridge LP, which is rumored to be exploring the creation of a consortium with private equity firms and sovereign wealth funds to make an offer for the food services giant.
June 3, 2019
Frontage Holdings IPO debuts on Hong Kong exchange
Exton-based Frontage Holdings Corp., the parent company of Frontage Laboratories, a contract research organization specializing in R&D product development services, had its initial public offering on The Stock Exchange of Hong Kong.
June 3, 2019
Quench acquires Aguaman
Quench has acquired substantially all of the assets of Aguaman, a point-of-use water filtration company based in Miami.
June 3, 2019
Prime Equipment Group Acquired In $65M Deal
The manufacturer of turnkey primary and water re-use solutions to the poultry industry was acquired by Chicago-based JBT Corp.
May 29, 2019
CapitalWorks takes majority stake in Libra Industries
As a leading EMS contract manufacturer serving the medical, aerospace and defense and industrial markets, Libra will complement fellow contract manufacturer GEMCITY Engineering and Manufacturing, a 2017 CapitalWorks investment.
May 29, 2019
Beam Dental raises $55M Series D round
The fast-growing dental benefits provider raised a Series D round led by Toronto PE firm, Georgian Partners. Columbus-based Drive Capital, which was involved in two previous funding rounds, participated in the latest capital raise as well.
May 29, 2019
Medical device maker EPIC Extremity bought by Exactech
The deal continues the relationship between the designer of screw and plating systems for the foot and ankle and Exactech, which had been distributing EPIC's products for the last year.
May 29, 2019
Super C Group buys 190 salons from Regis
The salons being sold and refranchised are currently branded as Famous Hair, Best Cuts, Fiesta Salons, First Choice Haircutters and BoRics Hair Care. They will be converted to Supercuts and Cost Cutters over the next several months.
May 29, 2019
PEAK6 Acquires Seattle-based Evil Geniuses
New acquisition maintains a roster of popular gaming titles including “Dota 2,” “Call of Duty,” “Rocket League,” “Fortnite” and “Tom Clancy’s Rainbow Six.”
May 24, 2019
Gilbert completes sale of Greektown Casino for $1B
VICI Properties bought the land and real estate assets of the property for about $700 million, while Penn National Gaming bought the operating assets for about $300 million.
May 24, 2019
Aurora acquires lidar company Blackmore
The Pittsburgh-based startup picked up a company with valuable expertise in light detection and ranging radar, or lidar, that its self-driving car technology.
May 22, 2019
NASCAR Buying ISC, Michigan International Speedway In $2B Deal
Acquisition will give the auto racing sanctioning and operating company control of more than a dozen raceways, including Michigan International Speedway.
May 20, 2019
Nationwide, State Auto Labs Invest In Virtual Claims Firm
Snapsheet, a provider of cloud-based insurance claims services, has closed $29 million in Series E funding led by Seattle-based Tola Capital.
May 20, 2019
Snapsheet Closes $29M in Series E Funding
The round was led by Seattle-based Tola Capital with participation from new investors Nationwide and State Auto Labs in Columbus and Memphis-based Sedgwick.
May 20, 2019
Clinc raises $52 million Series B round to scale AI platform
Ann Arbor, Mich.-based Clinc, which is developing a conversational AI platform, has raised a $52 million Series B, with investments from Drive Capital, Insight Partners, DFJ Growth, Hyde Park Venture
May 20, 2019
RE2 Robotics gets $3M from Office of Naval Research
RE2 Robotics, a developer of humanlike robotic manipulator arms in Pittsburgh, has received $3 million in funding from the Office of Naval Research to develop a dexterous, underwater robotic hand with tactile feedback.
May 20, 2019
Huron-backed Pueblo Makes Fourth Add-On Acquisition
Huron Capital acquired Pueblo in December 2017 to pursue a buy-and-build strategy in the commercial HVAC market in the southwestern U.S.
May 17, 2019
Green Growth Brands raises $45M, closes Nevada deal
In addition to raising the general operating funds, the company completed its $13.4 million acquisition of a Pahrump, Nev., cultivation facility, its second in the state.
May 16, 2019
PlanetM Awards More Than $440K In Grants To Five Mobility Startups
PlanetM Mobility Grants also provide aid to mobility startups and corporations to test, validate and prove out new technologies on Michigan roadways
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 14, 2019
Three Rivers Packaging purchased by The Cary Company
The McKees Rocks company, which initially focused on the sale of new and reconditioned steel drums, has evolved to become the area’s leading IBC re-bottler/reconditioner.
May 13, 2019
British retailer to buy Certified Oil convenience stores, gas stations
EG Group will acquire Certified Oil and its 69 convenience stores and gas stations. The transaction will be an important step in building out the U.K.-based company's U.S. strategy.
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 8, 2019
GM In Talks To Sell Ohio Assembly Plant
Once closed, work could begin immediately to prepare the facility for production of electric vehicles developed by Cincinnati-based Workhorse Group.
May 7, 2019
GM Cruise Lands $1.15B In Funding From New, Existing Backers
The funding comes from a group comprised of institutional investors — including funds and accounts advised by T. Rowe Price Associates Inc. — and existing partners General Motors, SoftBank Vision Fund and Honda.
May 7, 2019
ASX Launches Seed Equity Round to Fund Air Travel Revolution
Proceeds will be used to help the aviation technology startup acquire key automotive EV technology, build a series of full-scale prototypes and initiate Federal Aviation Administration certification.
May 7, 2019
Federated Investors buying $14B in assets from PNC Financial Services
The proposed deal includes the reorganization of PNC’s family of liquidity, equity and fixed-income mutual funds into Federated funds; the acquisition of part of PNC’s separate account and separately managed account business; and the transition of a six-person international equity management team.
May 6, 2019
Boston company acquires rights to Johnstown cannabis facility
Ohio Grown Therapies is building out its 32,000-square-foot cultivation and processing facility, which includes 15,000 square feet for two-tier cultivation and 7,500 square feet for processing.
May 2, 2019
ANSYS acquires assets of Maryland software company DfR Solutions
ANSYS has acquired the assets of DfR Solutions, the Maryland developer of Sherlock, the industry’s only automated design reliability analysis software.
May 1, 2019
Competitor Calios buys D.P. Dough, but calzone chain brand remains
The owners of D.P. Dough, the nation’s largest calzone franchise and third largest college-focused restaurant chain, have agreed to sell the Columbus-headquartered company to Calios, a 13-unit competing calzone chain. Each Calios restaurant will convert to D.P. Dough, growing the brand from 26 restaurants to 43 by fall 2019.
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.
May 1, 2019
Drive Capital closes $307M fund, while raising another
Drive Capital has closed its third flagship fund at $307 million and raised nearly $251 million for its first overdrive fund, according to SEC filings.
May 1, 2019
Denso leads $20M Series A funding round for micromobility startup
The world’s second-largest mobility supplier has taken a stake in Bond Mobility to help the world’s only speed eBike sharing company develop an urban transportation strategy.
April 30, 2019
TriMas buys Taplast, second Italian acquisition in 6 months
The move is the second Italian acquisition in the past six months for the Bloomfield Hills-based company as it seeks to accelerate the growth of its packaging platform.
April 29, 2019
Three Michigan health systems combine to build, operate $48M laundry facility
Henry Ford Health System, Michigan Medicine and Saint Joseph Mercy Health System are collaborating in a major economic investment in the Northwest Goldberg neighborhood.
April 24, 2019
Kraft Heinz reportedly seeking buyer for Ore-Ida
CNBC says that the food giant is looking to sell off its Ore-Ida brand as it works to pay down debt and restructure its business.
April 24, 2019
Ford invests $500M in EV Truck Startup Rivian
Ford Motor Co. has made a $500 million equity investment in Plymouth-based Rivian and plans to use the company’s platform to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio.
April 24, 2019
Maitri gets a partner, property in Innovative Industrial Properties deal
IIP agreed to provide the Southwestern PA medical marijuana company reimbursement of up to $10 million to complete tenant improvements for the building.
April 23, 2019
Transwestern Investment buys three industrial buildings in Columbus
Dallas-based Transwestern Investment Group has acquired a 1.5 million-square-foot industrial portfolio in Southeast Columbus.
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 17, 2019
PPG completes Hemmelrath acquisition
PPG has completed its acquisition of German-based Hemmelrath, a manufacturer of coatings for automotive OEMs.
April 15, 2019
Green Growth Brands abandons hostile takeover bid
Green Growth Brands Inc. has ended its hostile takeover attempt of Aphria, with an agreement to accelerate the expiration of its offer on Aphria shares.
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 15, 2019
Magic Plus acquires Michigan State Fairgrounds
Magic Johnson and Joel Ferguson's Magic Plus has closed its acquisition of the former Michigan State Fairgrounds property on Detroit's Woodward Avenue.
April 12, 2019
Nuspire to merge with Denver-based GBprotect
Nuspire is acquiring Denver’s GBprotect in a move intended to help both managed security services companies better respond to today’s evolving threat landscape.
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 10, 2019
Astute lands investment from Boston PE firm
Astute Inc. has received an investment from the Boston’s Audax Private Equity. This will allow the builder of AI-driven customer engagement software to continue to grow organically and through strategic acquisitions.
April 9, 2019
PSI establishes Silicon Valley innovation hub with strategic investment
Proteam Solutions, an IT consulting and staffing firm, has invested in the San Francisco-based startup Akava. PSI will have access to Bay Area talent and resources through the software development studio.
April 5, 2019
Dan Gilbert's JACK Entertainment to sell Cincinnati casino, track
Hard Rock International will handle operations at both properties. VICI will own the land and will enter into triple-net leased fee agreement with Hard Rock International.
April 4, 2019
Kraft Heinz fund makes first investment
Evolv Ventures was part of a $25 million Series C round investment in GrubMarket, a farm-to-delivery food service.
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
Lear to buy Xevo in $320M deal
The $320 million deal will combine Seattle-based Xevo's e-commerce vehicle platform technology with Southfield-based Lear's expertise in electronic systems.
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 2, 2019
CertainTeed buys wood ceiling maker Norton Industries
This acquisition is intended to improve CertainTeed's presence in the high-growth architectural specialties ceilings market.
