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March 20, 2020

Levin Furniture deal is reportedly off

By Jayne Gest

Pittsburgh-based Levin Furniture former President and owner Robert Levin’s agreement to come out of retirement to save the company has reportedly been called off.

Local Deals Pittsburgh
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 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 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 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

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 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 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

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 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

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.

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 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 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.

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 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 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 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 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 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 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.

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 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 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 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.

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 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 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.

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 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 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

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 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 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 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 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 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

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 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.

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 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 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.