March 20, 2019
Polychem Corp. acquired by Houston’s The Sterling Group
By Adam Burroughs
Mentor’s Polychem Corp. has been acquired by The Sterling Group, an operationally focused middle market private equity firm out of Houston.
Local Deals Cleveland
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
Report: Consolidated Precision Products on the block for $2B
Local Deals Cleveland
February 19, 2019
Compass Self Storage nabs another Florida location
The Alachua site is now the 18th Compass Self Storage location in Florida and the company's 87th location nationwide.
February 18, 2019
Riverside invests in 300-year-old rum producer
The PE firm has made a significant investment in E&A Scheer, the largest global blender and vendor of premium rum in bulk.
February 12, 2019
MediQuant agrees to buy HeF Solutions
Brecksville-based MediQuant, a provider of enterprise active archiving solutions to hospitals and health systems, is acquiring Illinois-based HeF Solutions. The deal follows by a day the announcement of MediQuant's acquisition of DataEmerge of Columbus.
February 11, 2019
MediQuant to acquire DataEmerge
MediQuant, a provider of archiving solutions to hospitals and health systems, is acquiring the data extraction company DataEmerge.“This merger is an opportunity for both MediQuant and DataEmerge to
February 8, 2019
Davey Tree buys Houston's Landscape Management Services
The Davey Tree Expert Co. is acquiring assets of LMS Inc. (Landscape Management Services), a Houston-based commercial landscape management company.“LMS brings a talented team of professionals, and we
February 6, 2019
Compass Self Storage adds third location in greater Pittsburgh
Compass Self Storage, a member of the Amsdell family of companies, has acquired a new self-storage center at 5301 N. Pioneer Road in Gibsonia, Pennsylvania, just north of Pittsburgh.
February 6, 2019
Things Remembered sells to Enesco, files bankruptcy
Things Remembered is selling most of its business to Enesco, an Illinois-based giftware, home décor and accessories distribution company. To facilitate the sale, the company filed voluntary petitions under Chapter 11, seeking bankruptcy court approval for a severance and outplacement program to support impacted employees and incentives for store employees.
January 31, 2019
Riverside adds Australian firm to Hiway platform
The Riverside Company bought WA Profiling and Stabilising, a Perth, Australia-based provider of road stabilization and profiling services. The company will be iadded to Riverside’s Hiway Group,
January 28, 2019
Weiss family selling American Greetings HQ
The Weiss family reportedly has put American Greetings Corp.’s global corporate headquarters in Westlake’s Crocker Park on the market, roughly a year after selling a majority stake in their family business to PE.
January 24, 2019
FirstEnergy Solutions gets new lease on life
FirstEnergy Solutions has staved off oblivion for now with a restructuring deal that will allow it to emerge from Chapter 11 bankruptcy.
January 10, 2019
CVS buys Ritzman Pharmacies, closes all but three sites
Ritzman Pharmacies is selling all of its 20 Northeast Ohio retail pharmacies to CVS Pharmacy, which will close all but three of the stores.
January 10, 2019
MRI Software acquires background screening business
MRI Software LLC has acquired Minnesota-based Rental History Reports and Trusted Employees, a provider of cloud-based applicant screening platforms.
January 8, 2019
Riverside-backed HSI adds EMS Safety Services
Health and Safety Institute, backed by Riverside Co., has acquired EMS Safety Services Inc, a California-based provider of first aid and CPR training solutions.
December 13, 2018
Ranpak sells for $950M; going public
The Concord Township-based packaging products company is being bought for $950 million by One Madison Corp., a special purpose acquisition company.
December 7, 2018
Flashstarts launches early-stage blockchain fund
Charles Stack’s Flashstarts business accelerator is creating a $6 million, pre-seed investment fund for blockchain-based startups.
December 7, 2018
TravelCenters sells convenience stores
TravelCenters of America has completed the $330.8 million sale of its convenience store business.
December 7, 2018
Compass Self Storage adds 16th Atlanta center
The acquisition gives Compass Self Storage 16 locations in the greater Atlanta market, and 85 total storage centers nationwide.
June 15, 2018
Ranpak reportedly on the block
Bloomberg reports that Rhone Capital LLC is considering a sale of the Concord Township company, and it’s working with Goldman Sachs Group Inc. to find a buyer.
February 16, 2018
Get well soon?
What’s the right card to buy when your 112-year-old business has just been sold? After more than seven months of due diligence, Clayton, Dubilier & Rice last week agreed to buy a majority interest in American Greetings.
November 22, 2017
Trems sell majority stake in Arc Drilling to DC-area PE firm
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