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Home » Investment » Page 18

Investment

Verlinvest, Mistral Equity Partners invest in Insomnia Cookies

By Melina Druga  |   July 26, 2024   |   Companies

Verlinvest, an international evergreen investment company, and Mistral Equity Partners, a New York-based private equity firm, recently invested in Philadelphia-based Insomnia Cookies, a late-night bak...

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IRG Erie receives $182.6M federal loan guarantee

By Melina Druga  |   July 25, 2024   |   Companies

The U.S. Department of Energy’s Loan Programs Office (LPO) recently issued a conditional commitment for a loan guarantee to IRG Erie for up to $182.6 million for the construction of a plastics recyc...

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U. S. Steel, partners awarded $5.4M DOE grant to test system eliminating carbon emissions from iron reduction

By Melina Druga  |   July 25, 2024   |   Companies

The U.S. Department of Energy (DOE) recently awarded Pittsburgh-based United States Steel Corp. (U. S. Steel) and partners Molten Industries, a methane pyrolysis technology developer, and CPFD Softwar...

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FirstEnergy Pennsylvania installs smart grid enhancements in York, Adams Counties

By Liz Carey  |   July 24, 2024   |   Companies

Eastern Pennsylvania’s Met-Ed, a FirstEnergy Corp. subsidiary, announced Monday it was installing smart, automated equipment on powerlines in York and Adams counties. The smart grid will serve m...

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Pennsylvania awarded $396M federal decarbonization grant

By Melina Druga  |   July 24, 2024   |   Federal

The Environmental Protection Agency (EPA) recently awarded Pennsylvania a $396 million Climate Pollution Reduction Grant (CPRG) to help manufacturers fund industrial decarbonization projects. The g...

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Credit: Miller Fabrication Solutions

Miller Fabrication Solutions unveils new laser cutter to optimize production

By Kim Riley  |   July 23, 2024   |   Companies

Brookville, Pa.-based Miller Fabrication Solutions, a metals manufacturing partner for Original Equipment Manufacturers (OEMs), recently acquired a TRUMPF TruLaser Center 7030, a full-service laser cu...

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PPG extends partnership with Indianapolis Motor Speedway (IMS), INDYCAR and Team Penske

By Melina Druga  |   July 23, 2024   |   Companies

Pittsburgh-based PPG recently extended its partnerships with the Indianapolis Motor Speedway (IMS), INDYCAR and Team Penske through 2029. “We are excited to build upon our extensive history with ...

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Platinum Equity completes sale of Gettysburg facility

By Melina Druga  |   July 23, 2024   |   Companies

California-based Platinum Equity, a global investment firm, recently completed the sale of its Hunterstown power generation facility in Gettysburg to New York-based LS Power, a development, investment...

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ThermOmegaTech expands Bucks County facility

By Melina Druga  |   July 22, 2024   |   Companies

Warminster-based ThermOmegaTech, a self-actuated thermostatic valves and actuators designer and manufacturer, recently expanded its manufacturing facility by 23,000 square feet. The facility is now...

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Astrobotic conducting tests of lunar rover

By Melina Druga  |   July 22, 2024   |   Companies

Pittsburgh-based Astrobotic, a space technology company, will be conducting a summer-long test campaign for its VSAT Optimized for Lunar Traverse (VOLT). VOLT is a specialized lunar rover equipped ...

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Air Products will construct, operate new industrial facilities at two out-of-state locations

By Kim Riley  |   July 19, 2024   |   Companies

Trexlertown, Pa.-based Air Products and Chemicals Inc., an international corporation that sells gasses and chemicals for industrial use, plans to build, own, and operate new air separation units (ASUs...

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Triumph Group business awarded contact to provide auxiliary gearboxes for GE Aerospace

By Melina Druga  |   July 19, 2024   |   Companies

GE Aerospace, an aerospace propulsion, services, and systems company, recently awarded Radnor-based Triumph Group’s Geared Solutions business a contract to provide auxiliary gearboxes. "TRIUMPH i...

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Texas company purchases Highway Materials

By Melina Druga  |   July 18, 2024   |   Companies

Texas-based Heidelberg Materials North America recently announced it has entered into an agreement to purchase Philadelphia-based Highway Materials, an aggregates and asphalt producer. “The addit...

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Alcoa Corporation announces stockholder approval of Alumina Limited acquisition

By Liz Carey  |   July 18, 2024   |   Companies

Pittsburgh-based Alcoa Corporation announced Tuesday it had received stockholder approval to acquire Alumina Limited in preliminary voting. During a special meeting of its stockholders, the compan...

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CNX Foundation develops energy industry paid internship program

By Kim Riley  |   July 17, 2024   |   Companies

The CNX Foundation, the philanthropic arm of Pittsburgh-based natural gas company CNX Resources Corp., has created a new paid internship program designed to spur student interest in the power industry...

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Take-private purchase of Envestnet valued at $4.5B

By Kim Riley  |   July 16, 2024   |   Companies

Berwyn, Pa.-based software company Envestnet Inc., is on its way to becoming a privately owned company once a new multi-billion-dollar acquisition agreement by Bain Capital LP is completed. “The ...

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Context Therapeutics purchases FDA approved antibody

By Melina Druga  |   July 16, 2024   |   Companies

Philadelphia-based Context Therapeutics, a biopharmaceutical company advancing medicines for solid tumors, recently signed an asset purchase agreement with Link Immunotherapeutics to purchase CT-95, a...

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Pennsylvania College of Technology receives $4M grant for apprenticeship programs

By Melina Druga  |   July 15, 2024   |   Investment

The U.S. Department of Labor recently awarded the Pennsylvania College of Technology a $4 million Apprenticeship Building America (ABA) program grant to expand registered apprenticeship programs. T...

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Pennsylvania aims to spur economy with newly enacted state budget

By Kim Riley  |   July 12, 2024   |   Featured

Pennsylvania Gov. Josh Shapiro on July 11 signed into law an almost $47.6 billion state budget for fiscal year 2024-25 that includes important measures to strengthen the state’s economy. “Penns...

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Pennsylvania-based Air Products sells off LNG business to Honeywell

By Kim Riley  |   July 12, 2024   |   Companies

Air Products and Chemicals Inc., an American international corporation that principally sells gasses and chemicals for industrial use, is selling its liquefied natural gas (LNG) process technology and...

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