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April 2, 2020

Synthomer Completes Purchase of OMNOVA Solutions

By Michael Marzec

Synthomer said the acquisition makes it a major world-wide player in water-based polymer solutions.

Local Deals Cleveland
March 18, 2020

JumpStart leads $5.5M Series A investment in ReadySet

ReadySet Surgical, a Cincinnati health care IT company, has raised $5.5 million in a Series A financing round led by Cleveland-based JumpStart Inc.’s NEXT Fund. Also participating in the round are all of ReadySet’s seed-round investors and new investor North Coast Ventures.

March 17, 2020

RoadRunner Recycling closes $28.6M Series C funding round

RoadRunner Recycling has raised a $28.6 million Series C financing round. The round was co-led by e.ventures and Greycroft, with additional participation from Franklin Templeton and existing investors, Adams Capital Management in Pittsburgh and FJ Labs.

March 16, 2020

Liberty Tire Recycling buys Lakin Tire

Liberty Tire Recycling, a Pittsburgh-based provider of tire recycling services, has acquired Lakin Tire, with support from its majority equity sponsor The Carlyle Group. The merger unites two complementary businesses.

March 9, 2020

DHL Supply Chain’s North American headquarters sold

Arch Street Capital Advisors and VEREIT have acquired DHL Supply Chain’s North American Headquarters in Westerville. The property, located within the recently developed Westar Place Business Park, is a new, build-to-suit, 145,000 square foot class A office building.

March 5, 2020

Robert Levin Makes Deal To Save Levin Furniture From Closing

Levin has reached an agreement to acquire the Pennsylvania and Ohio assets of Levin Furniture and Wolf Furniture through a court restructuring of the parent company Art Van Furniture LLC.

March 2, 2020

Installed Building Products buys Royals Commercial

Installed Building Products Inc. has acquired Royals Commercial Services Inc. in Millersville, Maryland. With approximately $10 million of annual revenue, the transaction expands IBP’s presence in the greater Baltimore and mid-Atlantic markets.

March 2, 2020

B’laster Corp. Buys MI-Based Armor Protective Packaging

As a result of this acquisition, B’laster is now the manufacturer and retail distributor of Metal Rescue products. The company began manufacturing the product line in its Valley View plant in late February.

March 1, 2020

U.S. Steel buys remaining interest in USS-POSCO Industries

Pittsburgh-headquartered U.S. Steel has closed on the purchase of POSCO-California Corp.’s 50 percent partnership interest in USS-POSCO Industries. U.S. Steel and POSCAL believe ownership of UPI by a single group represents the best opportunity for UPI to continue operating effectively and serve its customers.

February 25, 2020

READY Robotics closes Series B round with $23M in additional funds

Columbus-based READY Robotics Corp. has closed its Series B round with an additional $23 million in funding. The round was led by Canaan Partners, with participation from RRE Ventures, Eniac Ventures, Emerald Development Managers and Drive Capital, as well as new investors Micron Ventures and Greenhawk Capital.

February 25, 2020

Align Capital Partners Makes Another Deal

ACP has had a busy February, closing its second private equity investment fund at a $450 million hard cap, and making two platform acquisitions.

February 24, 2020

Condado Tacos takes on new investor, The Beekman Group

Condado Tacos is partnering with The Beekman Group LLC, a private equity firm based in New York City, for its next chapter of growth. The build-your-own taco concept plans to use the funds to optimize its expansion into new markets.

February 21, 2020

Mettler-Toledo purchases D.C. Martin & Son Scales

Columbus-headquartered Mettler Toledo International Inc. has acquired D.C. Martin & Son Scales of Grand Rapids, Michigan, according to Calder Capital LLC.

February 20, 2020

Victoria’s Secret, Pink to be sold to Sycamore Partners

L Brands Inc. plans to position Bath & Body Works as a standalone public company, separating Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK into a privately-held entity. New York PE firm Sycamore Partners will purchase a 55 percent majority interest for approximately $525 million. Les Wexner will step down and become chairman emeritus of L Brands.

February 13, 2020

Kurtz Bros. Buys Landmark Lawn and Garden Supply’s Strongsville Store

Under the new ownership, the Strongsville store will change its name to Kurtz Bros. Inc. The transaction does not include the Landmark Lawn and Garden Supply store in Avon.

February 12, 2020

WW Williams purchases CP Company

W.W. Williams Co. has completed its acquisition of CP Company, which does business as CT Power and Iceberg Enterprises. The transaction should strengthen W.W. Williams with additional independent truck maintenance locations and broaden its trailer parts and related product lines.

February 7, 2020

MedPilot Raises Additional $1.5M In Funding

Investors in this latest round include JumpStart, Jon Pinney, North Coast Angel Fund, Valley Growth Ventures, Wavemaker Partners and Hudson River Capital Partners.

February 5, 2020

SinterMet sold to V&A Capital

New York PE firm V&A Capital has partnered with the management team of SinterMet LLC to acquire the company, which is headquartered near Pittsburgh. The firm plans to support SinterMet’s growth through increased product offerings, entering new end-markets and searching for complementary add-on acquisitions.

February 5, 2020

Hyland Buys Learning Machine

Learning Machine is considered a pioneer in leveraging blockchain technology to authenticate documents and content.

February 5, 2020

Maven Machines raises $7M in Series A funding

Maven Machines has raised $7 million in Series A funding, led by Allos Ventures, with additional participation from Hearst Ventures, Pittsburgh-based Riverfront Ventures, which is an affiliate of Innovation Works, Great Oaks Venture Capital and existing private investors.

January 29, 2020

Everstream plans to invest more than $250 million in buildout of its fiber network in 2020

The company also plans to pursue strategic acquisition and partnership opportunities, as well as enter five new Midwest markets.

January 23, 2020

Seeley Law Office Merges Into Buckley King

The deal is expected to provide Seeley’s client base with a broader range of legal services, as well as enhance Buckley King’s service offerings to clients.

January 21, 2020

Incline Equity raises $1.165B for latest fund

Incline Equity Partners has closed Incline Equity Partners V, L.P. and Incline Equity Partners V-A, L.P. on $1.165 billion of capital commitments. The fund was oversubscribed above its initial target of $850 million.

January 20, 2020

Samya.AI Raises $6M In Seed Funding Led By Sequoia India

Samya.AI is an enterprise revenue growth AI SaaS company headquartered in Chicago with offices in London and its main product and R&D center in Bangalore, India.

January 15, 2020

Digital Dream Labs buys Anki Robotics & Artificial Intelligence assets

Digital Dream Labs has acquired Anki Robotics and Artificial Intelligence assets without taking on any liabilities, effective immediately. The Pittsburgh company plans to relaunch the product line, deploy new features and develop new robots.

January 15, 2020

MRI Software Gets Investment From Harvest Partners

Harvest Partners joins existing investors TA Associates and GI Partners as institutional shareholders in MRI. At the same time, TA Associates is also making a significant new investment in the business.

January 15, 2020

Phoenix Rehab purchases Youngstown area clinics

Phoenix Rehabilitation and Health Services has acquired Youngstown-based TuDor Physical Therapy, which becomes the company’s first group of clinics in Ohio. This brings Phoenix’s total clinics to 117.

January 14, 2020

JetSelect Aviation sold to Jet Edge

Van Nuys, California-headquartered Jet Edge International has acquired Columbus-based JetSelect Aviation to create one of the most diverse fleets of aircraft based throughout the U.S.

January 14, 2020

Weinberg Capital Completes Exit Of AeroRepair

During Weinberg Capital's ownership, AeroRepair grew from a single facility located in New Hampshire to the largest independent wheel and brake maintenance, repair and overhaul platform in North America.

January 8, 2020

Wabtec purchases RELCO Locomotives

Wabtec Corp. has acquired RELCO Locomotives Inc., a player in the locomotive overhaul and maintenance industry. The acquisition expands Wabtec’s freight services capabilities and capacity to support growth in the remanufacturing and repair business.

January 8, 2020

M/I Homes sells Easton office building to Alterra

Brad Kitchen, president of Alterra Real Estate Advisors, has purchased the five-story building occupied by M/I Homes corporate office at 3 Easton Oval, for $6.5 million. At $75 per square foot, Kitchen saw a value-add opportunity with this property.

January 8, 2020

Park Place Technologies Buys IntelliNet’s NOC

IntelliNet's NOC is Park Place Technologies' 13th acquisition since 2016 and its first in 2020, following the 2019 acquisitions of Entuity in August and UK-based MCSA Group Limited in April.

January 8, 2020

PPG to buy Italian manufacturer ICR

PPG has agreed to acquire Industria Chimica Reggiana S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. The strategic deal will complement PPG’s current product offering and add specialized, value-added products.

January 7, 2020

Goodyear Launches New Venture Capital Fund To Advance Future Mobility

Goodyear Tire & Rubber Co. announced a new venture capital fund, Goodyear Ventures, with $100 million targeted for new investments in future mobility solutions over the next 10 years.

January 7, 2020

MCCI Sells To Executive Team

MCCI was founded in 1993 by legendary broadcaster Mort Crim, joined by Post-Newsweek (WDIV-TV) Executive Producer and journalist Terry Oprea. Crim retired in 2008, selling the firm fully at that time to Oprea.

January 6, 2020

MAI Capital Closes Deal To Buy J.M. Hartwell

The acquisition closed on Dec. 31 and will increase MAI’s assets under management by over $640 million.

January 5, 2020

Penske Corp. Completes Deal To Buy Indianapolis Motor Speedway

Penske Corp. becomes just the fourth owner in the history of the famed Indianapolis Motor Speedway, which has hosted the world's largest single-day sporting event — the Indianapolis 500 Mile Race — for more than 100 years.

January 3, 2020

Clearcover Closes $50M Series C Funding Round

This round follows the company's $43 million Series B, which closed in January 2019, and brings Clearcover's total funding to more than $104 million since its 2016 founding.

January 2, 2020

Hyperion completes AFC Hartmetall purchase

Columbus-headquartered Hyperion Materials & Technologies, which develops hard and super-hard materials for a range of demanding applications, has completed its acquisition of AFC Hartmetall, a premium cemented carbide tool blank manufacturer.

December 24, 2019

KKR Buys OverDrive From Rakuten

New York-based buyout firm KKR has agreed to buy Cleveland-based OverDrive Inc. digital reading platform for libraries and schools from Rakuten, which bought the business in 2015.OverDrive provides a

December 24, 2019

Culligan Buying AquaVenture Holdings for $1.1B

AquaVenture offers point-of-use filtered water systems and related services, as well as desalination and wastewater treatment products to governmental, municipal, industrial and hospitality customers.

December 23, 2019

Rivian Closes $1.3B Investment Round

The financing was led by funds and accounts advised by T. Rowe Price Associates Inc. Amazon, Ford Motor Co. and funds managed by BlackRock also participated in the round.

December 23, 2019

Virginia firm purchases Chase Tower

Lingerfelt CommonWealth Partners LLC, a Richmond, Virginia-based commercial real estate investment firm, has acquired a 24-story office tower in downtown Columbus. Chase Tower is currently 60 percent occupied and presents a significant repositioning opportunity in a market that has historically experienced office occupancies above 90 percent.

December 19, 2019

PolyOne Buys Clariant Color, Additive Masterbatch Business In $1.45B Deal

The combined net purchase price is $1.45 billion, representing an 11.1 times-multiple of last 12 months-adjusted EBITDA, or 7.6 times, including anticipated synergies.

December 16, 2019

Gecko Robotics raises $40M Series B round, led by Drive Capital

Gecko Robotics, which develops and operates robots to automate infrastructure inspections, has raised a Series B funding round of $40 million, led by Columbus-based Drive Capital. The Pittsburgh startup and Y-Combinator alum plans to use the funds to support its quickly scaling business operations.

December 10, 2019

Vertiv to be publicly traded after merger

Vertiv Holdings LLC, a global provider of digital infrastructure and continuity solutions headquartered in Columbus, will become a publicly traded company through a merger with GS Acquisition Holdings Corp, a special purpose acquisition company co-sponsored by an affiliate of The Goldman Sachs Group Inc. and David M. Cote.

December 9, 2019

Innovation Fund NEO Awards $275K To Five Startup Companies

Founded by the Lorain County Community College Foundation, Innovation Fund awards technology-based startups up to $100,000 so they can validate their technologies and business concepts.

December 9, 2019

Baltimore-Based Axxella Buys Geneva’s SPIRE Institute

Spire is considered a world-class, mega-facility specializing in athlete training, development and competition within a wide variety of sports.

December 6, 2019

Purchase of West Virginia’s Mountaineer Casino closes

Colorado Springs-based Century Casinos Inc. has completed the acquisition of the operations of New Cumberland, West Virginia’s Mountaineer Casino, Racetrack and Resort, as well as two Missouri casinos, from Eldorado Resorts Inc. for approximately $107 million.

December 6, 2019

JLL Income Property Trust Buys AZ-Based Distribution Center In $31M Deal

Chandler Distribution Center is a 211,000-square-foot, Class A industrial asset located in the southeast submarket of Phoenix.

December 5, 2019

GM, LG Chem Form $2.3B Joint Venture In Lordstown

General Motors and LG Chem have announced plans to mass-produce battery cells for future battery-electric vehicles. Together, the companies will invest up to $2.3 billion through a new, equally owned joint venture company.

December 4, 2019

Pondera Holdings Leads $31M AutoPets Recap

The investment is intended to accelerate the company's growth, as well as provide a liquidity event to the founders of the business.

December 4, 2019

Duolingo raises $30M in Series F funding; now valued at $1.5B

Duolingo has reached a $1.5 billion valuation after closing a $30 million Series F funding round from CapitalG, Alphabet’s growth equity investment fund and an existing investor in the company. This brings Duolingo’s total venture funding to $138 million.

December 4, 2019

Covestro to buy Bayer’s Robinson campus

Covestro LLC has agreed to purchase the Bayer Corp.’s Robinson Township campus, which is home to Covestro’s U.S. headquarters. The change in ownership is planned for Dec. 31, 2020.

December 4, 2019

Aspirant buys HR Imagined

Aspirant, a Pittsburgh-based global management consulting and technology firm, has acquired HR Imagined, an outsourced HR solution organization in Pittsburgh. As part of the deal, HR Imagined President Cheryl Paxton-Hughes will join Aspirant.

December 2, 2019

Heartland Bank to buy Cincy’s Victory Community Bank

Whitehall-headquartered Heartland BancCorp has agreed to merge Victory Community Bank, a federal savings association with its main office in Ft. Mitchell, Kentucky, into Heartland Bank, in a transaction valued at approximately $41.1 million.

November 26, 2019

Industrial Commercial Properties Buys Former Kmart Building In Garfield Heights

The structure, with its height and column spacing, is believed to be adaptive to redevelopment. ICP plans to update the facility, including the exterior.

November 21, 2019

Dynamit merging with Virginia competitor

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 21, 2019

JumpStart, Rev1 receive Ohio Third Frontier funds

The Ohio Third Frontier Commission approved up to $26.5 million to JumpStart and up to $14 million to Rev 1 Ventures to help entrepreneurs develop innovative products and grow technology startup companies. Other recipients included the OhioHealth Innovation Development Fund, Akron PolyEnergy, Capture Collective, Exotome, IR Medtek, Matsaki Technologies, NeuroTherapia and RooSense.

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 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 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

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 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

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

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 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

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 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

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 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.