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Investment

Motion & Control Enterprises purchases North East Technical Sales

By Melina Druga  |   December 4, 2024   |   Companies

Zelienople-based Motion & Control Enterprises (MCE), an automation machinery manufacturing company, recently purchased Harleysville-based North East Technical Sales (NETS), a representative and distri...

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California company purchases Eastern Technologies

By Melina Druga  |   December 4, 2024   |   Companies

California-based Sylmar Group, a company making investments in water service and technology businesses, recently completed its purchase of Morgantown-based Eastern Technologies (ETI), an industrial wa...

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Vision RNG signs agreement for landfill gas with South Carolina company

By Liz Carey  |   December 4, 2024   |   Companies

Vision RNG announced Monday a long-term gas rights agreement with the Greenwood County South Carolina landfill. The agreement, which could last as long as 25 years, will provide Vision RNG with ra...

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Environmental Tectonics completes sales-leaseback transaction with VFI Corporate Finance

By Melina Druga  |   December 3, 2024   |   Companies

Southampton-based Environmental Tectonics Corp. (ETC), a software-driven products and services designer and manufacturer, recently closed on the sale and lease back of demonstration equipment to Salt ...

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Richard King Mellon Foundation opens application period for million-dollar pitch competition

By Melina Druga  |   December 3, 2024   |   Companies

The Richard King Mellon Foundation, the largest foundation in Southwestern Pennsylvania, recently opened the application period for a pitch competition aimed at companies seeking to create positive so...

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Asphalt producer SteelPhalt unveils new brand identity

By Liz Carey  |   December 2, 2024   |   Companies

SteelPhalt, a leader in sustainable asphalt solutions, unveiled a new brand identity to reflect its commitment to sustainability on Tuesday. The company, a division of Philadelphia-based Enviri’...

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Westinghouse microreactor to be used for new floating nuclear power plant

By Kim Riley  |   November 27, 2024   |   Companies

The eVinci microreactor developed by Cranberry Township, Pa.-headquartered Westinghouse Electric Co. will provide clean energy for a new floating nuclear power plant (FNPP), the company announced Mond...

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Ansys receives digital engineering solutions contract

By Melina Druga  |   November 26, 2024   |   Companies

The Microelectronics Commons, supported by the U.S. Department of Defense, recently awarded Canonsburg-based Ansys, a software development company, a digital engineering solutions contract. Under t...

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EQT sells $3.5B stake in natural gas pipeline assets to Blackstone

By Kim Riley  |   November 26, 2024   |   Companies

Pittsburgh-based energy company EQT Corp. said Monday it signed an agreement to sell a $3.5 billion stake in its midstream assets through a joint venture with Blackstone Credit & Insurance (BXCI)....

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Eaton launches xStorage battery energy system

By Liz Carey  |   November 25, 2024   |   Companies

Pittsburgh-based Eaton announced it was launching a new battery energy storage system to maximize the impact of onsite renewables. The xStorage battery energy storage system will provide communiti...

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Pennsylvania American Water purchases Farmington Township system

By Melina Druga  |   November 25, 2024   |   Companies

Pennsylvania American Water, Pennsylvania’s largest regulated water utility, recently completed its purchase of a water and wastewater system in Farmington Township in Clarion County. “Farming...

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PeopleOne Health, partner open fourth Florida health care center

By Melina Druga  |   November 22, 2024   |   Companies

Pittsburgh-based PeopleOne Health, a primary care provider, and RosenCare, the healthcare program arm of Rosen Hotels & Resorts, held a ribbon-cutting ceremony on Wednesday for their fourth health cen...

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Aramark opens production facility in Chile

By Liz Carey  |   November 22, 2024   |   Companies

Philadelphia-based Aramark celebrated the recent opening of its large-scale prepared food production center in Lampa, Chile. The new facility, part of a $10 million investment by Aramark in Chile,...

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Leadership at Marcellus Shale Coalition changes hands in the New Year

By Kim Riley  |   November 21, 2024   |   Companies

The president of the Marcellus Shale Coalition (MSC) is retiring at the end of the year and an in-house replacement will take the reins beginning in 2025, the coalition announced Wednesday. “Lead...

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Pennsylvania to invest $3M in Hranec to expand manufacturing center

By Liz Carey  |   November 20, 2024   |   Companies

Pennsylvania Gov. Josh Shapiro announced the state would invest $3 million to help sheet metal manufacturer Hranec Corp. expand in Fayette County. The company will be investing more than $15 milli...

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PPG, Italian powder coatings distributor partner

By Melina Druga  |   November 20, 2024   |   Companies

Pittsburgh-based PPG, a paint, coatings and specialty materials company, recently formed a strategic partnership with SARO/Siccardi, the largest Italian distributor of powder coatings and related prod...

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Kraft Heinz awarded nearly $171M for decarbonization project

By Melina Druga  |   November 19, 2024   |   Companies

The U.S. Department of Energy’s Office of Clean Energy Demonstration recently awarded Kraft Heinz up to $170.9 million in Industrial Demonstrations Program funds. The program promotes widespread ...

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Medicus Pharma closes on its IPO

By Dave Kovaleski  |   November 19, 2024   |   Companies

Medicus Pharma, based in Philadelphia, closed on its previously announced initial public offering of 970,000 units, at a price of $4.125 per unit, with each unit consisting of one common share of the ...

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Fidelity Bank gets $5M state grant to renovate historic Scranton building as headquarters

By Dave Kovaleski  |   November 18, 2024   |   Companies

The state of Pennsylvania is investing $5 million in Fidelity Bank’s headquarters expansion in downtown Scranton through the Redevelopment Assistance Capital Program (RACP). The funding will sup...

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Avantor opens New Jersey research and development facility

By Melina Druga  |   November 18, 2024   |   Companies

Radnor Township-based Avantor, a life science tools company, recently opened a flagship research and development facility in Bridgewater, N.J. The 60,000-square-foot Bridgewater Innovation Center ...

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