American Electric Power (AEP) has closed the previously announced sale of the 48MW Racine hydropower plant in Racine, Ohio to Eagle Creek Renewable Energy. The sale, which was announced in February 2021, was executed by AEP’s competitive generation affiliate — AEP Generation Resources. The transfer of ownership of the Racine hydropower plant was approved last […]
High Street Capital has acquired Knight Material Technologies (KMT) from Koch Engineered Solutions, a subsidiary of Koch Industries. The financial terms of the deal were not revealed. Koch Industries will continue to be an important customer of Knight Material Technologies, which was formerly called Koch Knight. Established in 1910, Knight Material Technologies is engaged in […]
Global insurance brokerage Arthur J. Gallagher & Co. has acquired W.P. Dolle, LLC based in Cincinnati, Ohio for an undisclosed price. Established in 1872, W.P. Dolle is a retail property/casualty (P&C) agency and employee benefit consultant. The company is said to cater to a diverse client base in the greater Cincinnati tristate region. With an […]
Materion Corporation, an Ohio-based supplier of high performing advanced materials, has agreed to acquire the electronic materials business of H.C. Starck Solutions — HCS-Electronic Materials for $380 million. The deal was announced in late September. Based in Newton, Massachusetts, HCS-Electronic Materials supplies tantalum- and niobium-based products and services for the semiconductor, industrial, defense and aerospace […]
Peoples Bancorp, an Ohio-based financial services holding company, has wrapped up its previously announced $292.3 million acquisition of Premier Financial Bancorp, a West Virginia-based bank holding company. The all-stock merger deal was announced in March 2021. The combined company, which will operate as Peoples Bancorp, has nearly $6.7 billion in total assets, total loans of […]
Sweeping Corporation of America (SCA), an Ohio-based power sweeping company, has acquired Major Clean, Inc. in a move to make its market entry into Charlotte, North Carolina. The financial terms of the deal were not disclosed. Major Clean offers sweeping services to customers across the greater Charlotte market. Sweeping Corporation of America said that Charlotte, […]
ProAmpac, an Ohio-based flexible packaging company, has acquired APC Paper Group, a producer of recycled paper packaging products that caters to foodservice and retail markets. The financial terms of the deal were not disclosed. APC Paper Group, which is based in Claremont, New Hampshire, is engaged in producing 100% recycled kraft paper products. The paper […]
Sweeping Corporation of America (SCA), an Ohio-based power sweeping services company, has acquired Contractors & Municipal Sweeping Service (C&M) in St. Louis, Missouri. The financial terms of the deal were not disclosed. The acquisition is said to grow the presence of Sweeping Corporation of America to a new market in St. Louis apart from being […]
Four Corners Property Trust (FCPT) has acquired half a dozen National Tire and Battery (NTB) branded properties in Mississippi and Ohio for a sum of $11.6 million. The real estate investment trust (REIT) said that the acquired assets are corporate-operated under triple net leases with nearly three years of weighted average term left. The portfolio […]
Accenture has acquired Root Inc., an Ohio-based management consulting company, in a move to expedite organizational culture and transformational change with creative and experiential approaches. The financial terms of the deal were not disclosed. Root Inc. for 30 years has been enabling Global 2000 organizations to activate strategies and transform cultures by employing creative and […]