Infosys said that it will expand its Retirement Services Center of Excellence in Chester County, Pennsylvania by recruiting 300 American workers. The Indian IT services company plans to hire the roles across technology and digital services, client administration, and operations. Tom Wolf – Pennsylvania Governor said: “Our commonwealth is known worldwide for its leadership in […]
Main Street Gourmet, a custom wholesale bakery that produces frozen baked goods, has completed an investment and partnership with specialty cookies producer Biscotti Brothers. Based in Pennsylvania, Biscotti Brothers is an artisanal wholesale bakery that mainly caters to in-store bakery customers. On the other hand, Main Street Gourmet, which is based in Ohio, caters to […]
Teleflex, a Pennsylvania-based healthcare supplies and services provider, has agreed to acquire hemostatic devices manufacturer Z-Medica, in a deal worth up to $525 million. Based in Connecticut, Z-Medica is a portfolio company of Linden Capital Partners. The company is engaged in developing and commercializing hemorrhage control products. Its three main hemostatic device brands are QuikClot, […]
Arcline Investment Management, a private equity firm, has acquired Jersey Elevator, a provider of elevator maintenance, modernization, and installation services in New Jersey and Pennsylvania, for an undisclosed price. Founded in 1974, Jersey Elevator is said to have built a reputation for customer service, quality, and responsiveness, which has been reinforced by its trained professional […]
Royal Dutch Shell said that one of its subsidiaries SWEPI has wrapped up the $541 million divestiture of its Appalachia shale gas asset to National Fuel Gas Company’s subsidiaries Seneca Resources Company and NFG Midstream Covington. The deal, which was announced in May 2020, includes the transfer of nearly 450,000 net leasehold acres in Pennsylvania, […]
Piramal Pharma Solutions has agreed to acquire the solid oral dosage drug product manufacturing facility of G&W Laboratories in Sellersville, Pennsylvania for an undisclosed price. A subsidiary of India-based conglomerate Piramal Enterprises, the company is a contract development and manufacturing organization (CDMO), which provides end-to-end development and manufacturing solutions across the drug life cycle. According […]
Utz Quality Foods, a Pennsylvania-based salty snacks manufacturer has agreed to be acquired by Collier Creek, a special purpose acquisition company, to combine and form Utz Brands, a pure-play snack food platform with an initial enterprise value of about $1.56 billion. Established in 1921, Utz Quality Foods owns brands such as Utz, Zapp’s, Golden Flake, […]
Citizens Financial Services, the holding company for First Citizens Community Bank (FCCB), has wrapped up its previously announced acquisition of MidCoast Community Bancorp, the parent company for MidCoast Community Bank (MCB). First Citizens Community Bank is a Pennsylvania-chartered commercial bank, while MidCoast Community Bank is a Delaware-chartered commercial bank. As per the terms of the […]
Provident Financial Services, the parent company of Provident Bank, has signed an all-stock deal worth around $208.9 million with SB One Bancorp, the parent company of SB One Bank. The combined banking organization will have nearly $12 billion in assets and is expected to become the third-largest bank based in New Jersey. The merger is […]
Inland Institutional Capital (ICAP) and Charter Realty & Development have acquired a 116,778-square foot grocery-anchored shopping center called Baederwood Shoppes in Jenkintown, Pennsylvania, for a sum of $43.3 million. The acquisition was done by the joint venture of an institutional co-mingled fund sponsored by ICAP, a real estate portfolio investment and asset management services provider, […]