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Companies

BlueSphere Bio appoints next chief scientific officer

By Melina Druga  |   May 23, 2025   |   Companies

Pittsburgh-based BlueSphere Bio, a clinical stage drug development company focused on novel T cell based therapies, recently named Dr. Alan Korman as chief scientific officer. Korman has more than ...

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Tempus Realty Partners purchases $43.75M property in Pittsburgh

By Liz Carey  |   May 23, 2025   |   Companies

Arkansas-based real estate investment partnership Tempus Realty Partners announced it had acquired office and realty property in Pittsburgh’s Strip District on May 20. The $43.75 million propert...

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Allentown-based Mack Defense wins U.S. Marine Corps contract

By Liz Carey  |   May 22, 2025   |   Companies

Mack Defense, based in Allentown, announced it had won a contract from the U.S. Marine Corps to produce two prototype vehicles for the Medium Tactical Truck (MTT) program. The company won initial ...

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MEDCO, New Jersey company partner to sell automotive products

By Melina Druga  |   May 22, 2025   |   Companies

Philadelphia-based Manufacturers Equipment Distribution Co. (MEDCO), a tool equipment wholesaler serving the automotive aftermarket industry, and New Jersey-based TOPDON US, a auto repair technology a...

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PNC Bank to purchase registered broker dealer

By Melina Druga  |   May 22, 2025   |   Companies

PNC Bank, a member of The PNC Financial Services Group, recently entered into a definitive agreement to purchase New York-based Aqueduct Capital Group, a registered broker dealer, for an undisclosed a...

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Carnegie Mellon receives $15.5M from Arm and SoftBank Group for AI advancement

By Liz Carey  |   May 21, 2025   |   Companies

Carnegie Mellon University received a $15.5 million donation from Arm and SoftBank Group Corp. to support the school’s partnership with Keio University to accelerate global AI advancement. As pa...

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UK company purchases Downingtown-based Strong Tower Solutions

By Melina Druga  |   May 21, 2025   |   Companies

UK-based Instem, a SaaS platforms supplier, recently purchased Downingtown-based Strong Tower Solutions, a technology solutions and services provider to life sciences customers. The purchase allows...

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Westinghouse, Bulgarian supplies sign agreements supporting nuclear project

By Melina Druga  |   May 20, 2025   |   Companies

Cranberry Township-based Westinghouse Electric Co. and seven Bulgarian suppliers recently signed memorandums supporting the two-unit AP1000 project at the Kozloduy Nuclear Power Plant site. The ag...

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Allegheny Health Network to invest $43M for Allegheny General Hospital ER renovation

By Melina Druga  |   May 20, 2025   |   Companies

Allegheny Health Network plans to invest $43 million to renovate Allegheny General Hospital’s (AGH) emergency department and expand it by 36,000-square-feet. The Level 1 trauma center treats more...

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Kathleen Pacheco named president of specialty vehicles for Dorman Products

By Liz Carey  |   May 20, 2025   |   Companies

Colmar, Pa.-based Dorman Products, Inc. announced Kathleen Pacheco will assume the position of president for its Specialty Vehicle segment. Pacheco’s promotion is part of a planned succession fo...

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DICK’S Sporting Goods, Foot Locker to merge

By Melina Druga  |   May 19, 2025   |   Companies

Pittsburgh-based DICK'S Sporting Goods, a full-line omni-channel sporting goods retailer, and New York-based Foot Locker, a footwear and apparel retailer, recently announced plans to merge. The merger...

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Equity Retail Brokers rebrands as Equity CRE

By Melina Druga  |   May 19, 2025   |   Companies

Plymouth Meeting-based Equity Retail Brokers, a retail real estate firm, recently announced it has rebranded as Equity CRE. The name change is part of a strategy to expand beyond retail into industria...

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Philadelphia-based PECO names David Vahos as new president, CEO

By Liz Carey  |   May 19, 2025   |   Companies

Energy company PECO announced David Vahos would replace outgoing president and CEO David Velazquez on June 1. Headquartered in Philadelphia, PECO is the largest electricity and natural gas deliver...

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Minnesota life science company opens King of Prussia location

By Melina Druga  |   May 16, 2025   |   Companies

Minnesota-based Ecolab Life Sciences, a water, hygiene and infection prevention solutions and services provider, recently opened a U.S. Bioprocessing Applications Laboratory in King of Prussia. “...

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Kettle & Fire celebrates opens manufacturing facility in Lancaster

By Liz Carey  |   May 16, 2025   |   Companies

Kettle & Fire, the Texas-based bone broth company, opened its first self-manufacturing facility in Lancaster this week. The state-of-the-art facility will allow the company to unlock operational e...

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CNX Resources releases updated Corporate Sustainability Report

By Melina Druga  |   May 15, 2025   |   Companies

Canonsburg-based CNX Resources Corp., a ultra-low carbon intensive natural gas development, production, midstream, and technology company, recently released an updated version of its Corporate Sustain...

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Endo, Mallinckrodt provide update on merger

By Melina Druga  |   May 15, 2025   |   Companies

Malvern-based Endo, a diversified pharmaceutical company, and Ireland-based Mallinckrodt plc, a pharmaceuticals manufacturer, recently provided an update on their intended merger. "Exactly two mont...

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Pittsburgh based-Matthews Memorialization purchases Massachusetts company

By Melina Druga  |   May 14, 2025   |   Companies

Matthews Memorialization, a funeral home and cemeteries supplier, recently purchased Massachusetts-based The Dodge Co., a embalming chemicals and supplies supplier, for $57 million. The purchase a...

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EPAM Systems appoints executive chairman

By Melina Druga  |   May 13, 2025   |   Companies

Newtown-based EPAM Systems, a digital engineering, cloud and AI-enabled transformation services provider, recently named Arkadiy Dobkin as executive chairman, effective Sept. 1. “On behalf of the...

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MSA Safety purchases German company

By Melina Druga  |   May 13, 2025   |   Companies

Cranberry Township-based MSA Safety Incorporated, a safety equipment and solutions provider, recently purchased Germany-based M&C TechGroup, a gas analysis systems company, for approximately $200 mill...

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