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July 12, 2019

Tower International set to be acquired by Autokiniton Global for $900M

By Adam Burroughs

Tower International Inc. is set to be acquired by Autokiniton Global Group in a deal valued at $900 million.

Local Deals Detroit
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.

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

Fifth Eye raises $11.5M Series A round

The Ann Arbor-based medical device software company will used the funds to secure FDA clearance of of its first product, support clinical studies and enable commercial launch of the product.

April 1, 2019

Kellogg to sell Keebler, Famous Amos brands for $1.3B

Kellogg Co. is selling selected cookies, fruit and fruit-flavored snacks, pie crusts, and ice cream cones businesses to the global confectionary company Ferrero Group and its related companies for $1.3 billion in cash as it continues to refocus its brand portfolio.

April 1, 2019

ProBilt Services of Ohio acquired by Fontaine Modification

Truck upfitter ProBilt Services of Ohio, along with its 30,000 sq. ft. facility located less than half a mile from the Kenworth assembly plant in Chillicothe, has been acquired by Fontaine Modification.

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

Strength Capital sells ARCH Global to NYC PE firm

CEO Eli Crotzer and the rest of the ARCH senior management team will continue operating the manufacturer of precision cutting tools, precision machined industrial components and medical implants and instruments.

April 1, 2019

Park National Corp., CAB Financial Corp. merge

Park National Corp. and CAB Financial Corp. have completed their merger, which folds CAB’s banking subsidiary in as a community banking division of The Park National Bank.

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 26, 2019

Crane's Screen Machine acquires Diamond Z

Partnering the two material processing companies will help Screen Machine address the growing need for mobile material processing machines across a variety of industries.

March 26, 2019

'Merger of equals' will create $1.3B banking institution

ChoiceOne Financial Services, the parent company of ChoiceOne Bank, and County Bank, the parent company of Lakestone Bank & Trust, are merging to form the 12th-largest bank holding company in Michigan.

March 26, 2019

University Lending Group buys assets of Huron Valley Financial

University Bancorp Inc. subsidiary University Lending Group has acquired certain assets of Huron Valley Financial Inc., a privately held mortgage banking firm also based in Ann Arbor, Michigan.

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 21, 2019

3-D startup Kaarta raises $6.5M

The developer of real-time mobile 3D reality capture raised the funds to accelerate the growth of its mobile mapping and localization technology.

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 20, 2019

Horizon Global Corp. gets liquidity injection with $51M loan

Horizon Global Corp. has closed a new financing agreement to provide additional liquidity and has amended its existing term debt agreement to relax financial covenants.

March 20, 2019

Scotts Miracle-Gro dumps its stake in TruGreen for $234M

Scotts Miracle-Gro Co. has sold its 30 percent stake in TruGreen to the majority owner for approximately $234 million in a move to reduce debt and maximize shareholder value.

March 19, 2019

Continental Services nabs Sterling Services for 5th acquisition in 18 months

Continental Services, Michigan’s largest food management company, has acquired Canton-based Sterling Services, creating Michigan’s largest founder-owned contract dining management company.

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 14, 2019

Incline Equity’s Continental Batteries gets a boost, buys Battery Sales & Service

Continental Batteries, a battery distributor and a portfolio company of Pittsburgh private equity firm Incline Equity Partners, is acquiring Battery Sales & Service in its sixth acquisition in just over seven months.

March 14, 2019

Ampco-Pittsburgh plans to sell ASW Steel

Ampco-Pittsburgh Corp. is set to sell its Canadian subsidiary, ASW Steel Inc. ASW, a specialty steel-making facility located in Welland, Ontario, has been classified as a discontinued operation

March 13, 2019

Highmark, Geisinger complete $100M clinical joint venture

Health care companies Highmark Inc. and Geisinger have completed their previously announced clinical joint venture, which will invest more than $100 million to expand health care services and improve access to healthcare in four north-central Pennsylvania counties.

March 13, 2019

PNC to sell part of its record-keeping business to Newport Group

The transaction will enable PNC to focus on providing fiduciary investment advice to retirement clients — one of its core businesses — while helping Newport expand through the complementary acquisition.

March 12, 2019

Huron-backed Ronnoco Coffee gulps down add-on

Huron Capital’s platform company Ronnoco Coffee has acquired Beverage Solutions Group, expanding its national footprint from 35 to 43 states and provides additional distributor relationships.The deal

March 11, 2019

NeuBase Therapeutics gets $9M in financing

NeuBase Therapeutics Inc., a Pittsburgh biotechnology company developing antisense therapies to address rare genetic diseases, has landed $9 million in financing ahead of the company’s proposed merger with Ohr Pharmaceutical Inc.

March 11, 2019

DLZ grows in Midwest with Johnson & Anderson acquisition

Architecture and engineering firm DLZ Corp. has acquired Johnson & Anderson Engineers, a civil engineering firm that works in the areas of municipal, water and wastewater engineering, survey and construction services.

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

Army gives Carnegie Mellon $72M to fund AI defense research

Carnegie Mellon University, specifically its Combat Capabilities Development Command Army Research Laboratory, is being awarded $72 million from the U.S. Army over five years for fundamental (publishable) artificial intelligence research.

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 8, 2019

L Brands pressed to spin off Victoria’s Secret

Activist investor Barington Capital is urging L Brands to spin off its struggling Victoria Secret brand, in part to protect its thriving Bath & Body Works brand, which Barington says should be taken

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 6, 2019

Cancer support organizations merge

Two cancer support organizations, Gilda’s Club Metro Detroit and The Lake House, are merging to continue, broaden and strengthen support for families facing cancer throughout metro Detroit.The Lake

March 5, 2019

WESCO closes Sylvania Lighting purchase

WESCO Services, LLC, a subsidiary of Wesco International, has acquired certain assets of Sylvania Lighting Solutions from OSRAM Sylvania, including its business operations in the United States and Canada.

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

RHP pays $170M for 17 manufactured home sites

Farmington Hills-based RHP Properties, an owner and operator of manufactured home communities, has acquired 17 communities in five states.The $170 million acquisition includes 3,177 sites in five

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

Masco may shed cabinetry and window businesses

The units account for 20 percent of the company's sales and 10 percent of operating profit.

March 1, 2019

Diversified to buy 9 Chicago-area Buffalo Wild Wings

The units being acquired generated $32.7 million in revenue and $4.5 million of EBITDA in 2018,

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 28, 2019

Adrich gets seed funding from Sony

Sony Innovation Fund invests in maker of labels that track consumer behavior.

February 27, 2019

RDX acquires ClearDB in second February deal for cloud services firm

Managed database and cloud services provider RDX has acquired ClearDB as part of an aggressive strategic expansion of the RDX service portfolio.

February 27, 2019

Sarepta to buy Myonexus for $165M

Nationwide Children’s Hospital spinoff Myonexus Therapeutics, a clinical-stage gene therapy company, is being bought by Sarepta Therapeutics for $165 million.

February 26, 2019

Campbell's selling Garden Fresh, but not to Aronson

Campbell Soup says it will sell the Ferndale-Based salsa maker to an affiliate of Fountain of Health USA, a maker of hummus, dips, salads and other products.

February 25, 2019

Maitri Medicinals raises nearly $7M from angel investors

The medical marijuana company reportedly will use the funds to establish additional dispensaries, an indoor growing facility and the relocate its headquarters.

February 25, 2019

Lineage Logistics buying rival for a reported $1B+

The deal to buy Preferred Freezer Services unites two of the industry's largest companies.

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.