Creative Planning, a US registered investment adviser (RIA), has acquired Lenox Wealth Management, an RIA firm in Cincinnati, Ohio, for an undisclosed price. Lenox Wealth Management offers financial planning and investment management for clients with nearly $600 million in assets under management. The acquisition by Creative Planning is expected to help Lenox Wealth Management improve […]
Heartland BancCorp acquisition of Victory Bancorp : Heartland BancCorp has completed its $41.1 million acquisition of Kentucky-based bank holding company Victory Bancorp, a deal that was signed in December 2019. While Heartland BancCorp is the holding company of Heartland Bank, an Ohio state member bank, Victory Bancorp, is the owner of the Victory Community Bank, […]
The Hilb Group, a US-based middle market insurance agency has acquired Healthcare Liability Consultants Agency for an undisclosed price. The insurance agency said that it has also hired Julie Paton, the former owner of Healthcare Liability Consultants Agency and a medical malpractice insurance specialist, as a producer. The deal became effective since 1 March 2020, […]
Domtar, a fiber-based products provider, has signed an asset purchase deal with Wisconsin-based Appvion Operations to acquire the latter’s Point of Sale (POS) paper business for an undisclosed price. As per the agreement, Domtar will acquire the coater and related equipment located only at Appvion’s facility in West Carrollton, Ohio and also a license for […]
Medical Mutual acquisition of Bravo : Ohio-based insurance company Medical Mutual has agreed to acquire Bravo, a data-driven provider of wellness solutions, for an undisclosed price, as per the latest insurance acquisition news. Bravo, which is claimed to serve over a million users across the US, will operate as a fully-owned subsidiary of Medical Mutual. […]
A bill to prevent the early shutdown of two Ohio nuclear power plants – Davis-Besse and Perry has been passed by the state’s House of Representatives. The bill will offer subsidies to stop the early closure of Davis-Besse and Perry nuclear power plants, which are owned by FirstEnergy Solutions. Earlier, the bankrupt unit of Ohio […]
US electric automaker Lordstown Motors (LMC) has acquired the GM manufacturing complex in Lordstown, Ohio in a move to start production of the Endurance pickup truck, an all-electric pickup truck purpose-built for fleets. Production of the electric pickup truck is slated to begin in late 2020 at the complex, said the Ohio-based original equipment manufacturer […]
Integrity Marketing Group acquired American Investment Strategies (AIS), an insurance marketing organization based in Ohio, for an undisclosed amount. American Investment Strategies provides a range of personal and commercial insurance products in the US Midwest for the Senior Market, which includes Medicare Advantage, Medicare Supplement, and long-term care options. Bryan Adams – Co-founder and CEO […]
US grocery retailer Kroger in partnership with online grocery retailer Ocado as started construction on a high-tech customer fulfillment center in Monroe, Ohio. Kroger will be injecting $55 million for the construction of its first shed spread over 335,000sft and expected to create over 400 new jobs. The new Kroger customer fulfillment center in Monroe […]
Advanced Power has started construction on the 1,182MW South Field Energy project in Ohio, which is the second natural gas-fired plant for the company in the northeastern part of the US state after the 700MW Carroll County Energy, which was commissioned in late 2017. South Field Energy project location The South Field Energy project is […]