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May 21, 2019
MSA Safety completes Sierra Monitor acquisition
By Jayne Gest
Global safety equipment manufacturer MSA Safety Inc. has completed its acquisition of Sierra Monitor Corp. in an all-cash transaction valued at $33 million. The deal enables MSA to accelerate its strategy to enhance worker safety and accountability.
Local Deals Pittsburgh
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 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 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 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.
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
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 17, 2019
PPG completes Hemmelrath acquisition
PPG has completed its acquisition of German-based Hemmelrath, a manufacturer of coatings for automotive OEMs.
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.
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 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 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
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 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.
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 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.
