Latest Posts Under: Pennsylvania

Provident Financial Services, SB One Bancorp sign $209m merger deal

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 […]

ICAP and Charter Realty & Development acquire Baederwood Shoppes

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, […]

Ant Financial, Vanguard create JV for investment advisory services in China

Ant Financial Services, a Chinese fintech company owned by Alibaba Group, has created a joint venture (JV) with The Vanguard Group, a US asset management company to offer retail investment advisory services in China. The joint venture will combine the technology of Ant Financial Services’ Alipay, a third-party mobile and online payment platform, with the […]

AHIP to acquire dozen Premium Branded hotels for $191 million

American Hotel Income Properties REIT (AHIP) has agreed to acquire a portfolio of a dozen Premium Branded hotels for $191 million in a move to boost its geographic footprint in Texas and the Midwest. The 12 hotels have a total of 1,203 guestrooms and are located across the states of Minneapolis, Texas, Michigan, Pennsylvania, and […]

Confectionery giant Ferrero opens new distribution center in Jonestown

Global confectionery company Ferrero has inaugurated its new distribution center in Jonestown, Pennsylvania to support its organic growth and integration of new brands. The 730,000 square-foot facility, which is located at 112 Bordnersville Road, will offer 225 local jobs with 75 new positions this year and a further 150 jobs by the end of next […]

Unit 3 of Bruce Mansfield Power Plant faces early closure due to economic woes

FirstEnergy Solutions said that unit 3 of the Bruce Mansfield Power Plant, a 2.49GW coal power plant in Pennsylvania, will be deactivated two years earlier than the previously announced date. The US energy supplier has notified PJM Interconnection that it would stop operations at the Bruce Mansfield unit 3 in Beaver County, Pennsylvania on 7 […]

Ascensus acquires Beneco from Alpine Investors

Ascensus acquisition of Beneco : Ascensus, a US-based retirement and college savings services provider, has acquired Beneco, a provider of bundled retirement and health and welfare benefits administration solutions in the wage market, from Alpine Investors. Financial terms of Ascensus acquisition of Beneco were not disclosed. Beneco provides a comprehensive suite of recordkeeping, third-party administration, […]

Middleby acquires automated packaging solutions provider Pacproinc

Middleby acquisition of Pacproinc : Foodservice equipment manufacturer Middleby has acquired Pennsylvania-based automated packaging solutions provider Packaging Progressions (Pacproinc) for an undisclosed price, as per the latest packaging industry news and packaging acquisition news. Headquartered in Souderton, Pacproinc has annual revenues of $30 million. Pacproinc provides automated packaging technologies for clients in the protein and […]

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