Medicus Pharma closes on its IPO
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
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
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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MSA awarded $33M Coast Guard contract
The U.S. Coast Guard recently awarded Cranberry Township-based MSA Safety, an advanced safety products, technologies and solutions company, a 10-year $33 million contract to provide firefighter respir...
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Beaver Valley Federal Credit Union, Clearview Federal Credit Union to merge
Beaver Valley-based Beaver Valley Federal Credit Union’s members recently voted to merge with Coraopolis-based Clearview Federal Credit Union, effective June 2, 2025. The credit unions will colla...
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Joseph Machine Co. receives $2M state redevelopment grant
The Pennsylvania Department of Community and Economic Development recently awarded York County-based Joseph Machine Co., a custom machinery manufacturer, with a $2 million Redevelopment Assistance Cap...
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Wabtec purchases two European companies
Pittsburgh-based Wabtec Corporation’s Transit Business recently purchased Spanish-based Fanox Electronic, a designer and manufacturer of protection relays and communication devices for Medium-Voltag...
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Powerex semiconductor firm receives $1M grant from state to modernize facilities
The Commonwealth of Pennsylvania is investing $1 million to support the growth of semiconductor solutions supplier Powerex Inc. The funding will go toward a $14 million initiative by the company t...
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PQ expands Indonesian silica production facility
Malvern-based PQ, a sodium silicates, specialty silicas, and derivative products producer, recently completed the expansion of its Pasuruan, Indonesia, silica production facility. The project added...
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Goldman Sachs to become new majority owner of Sila Services
Sila Services, a leading provider of HVAC, plumbing and electrical services based in King of Prussia, Pa., will have a new majority owner. The company announced this week that the Private Equity bu...
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ACNB Corporation given approval to merge with Traditions Bancorp
Gettysburg-based ACNB Corporation, an independent $2.42 billion financial holding company and the parent company of ACNB Bank and ACNB Insurance Services, recently announced it has received the requir...
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Bradford White, nonprofit organization partner to raise awareness of career opportunities
Ambler-based Bradford White Corp., a water heaters, boilers and storage tanks manufacturer, recently partnered with Explore The Trades, a nonprofit organization that raises awareness about the trades ...
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Pittsburgh-based PNC Bank to expand national footprint with $500M investment
Pittsburgh-based PNC Bank is adding to its national footprint by investing $500 million to open new branches and make renovations to existing branches around the country. Through this $500 million...
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Shipfusion opens fourth warehouse in York
Ontario-based Shipfusion, an ecommerce fulfillment and third-party logistics provider, recently opened its fourth warehouse in York. The new warehouse expands Shipfusion’s capacity to serve its g...
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Vishay will pay $18.5M cash for German-based manufacturer
Vishay Intertechnology Inc., an electronic parts supplier in Chester County, Pa., announced Wednesday it plans to purchase a German-based capacitor film manufacturer for $18.5 million (USD). The co...
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Ocugen receives $30M credit facility to fund, allocate resources across company
Malvern-based Ocugen, a biotechnology company focused on novel gene and cell therapies, biologics, and vaccines, recently received a four-year, $30 million credit facility from Avenue Venture Opportun...
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AmeriServ Financial subsidiaries complete merger
Johnstown-based AmeriServ Financial Bank and AmeriServ Trust and Financial Services Co., both subsidiaries of AmeriServ Financial, completed their merger Oct. 1. Under the terms of the agreement, ...
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Cencora proposes majority purchase of Retina Consultants of America for $4.6B in cash
Conshohocken, Pa.-based Cencora Inc., an American drug wholesale company and a contract research organization, plans to acquire Retina Consultants of America (RCA) for approximately $4.6 billion in ca...
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BNY Mellon acquires Pennsylvania-based fintech
Financial services company Bank of New York Mellon (BNY Mellon) has closed on its acquisition of Berwyn, Pa.-based Archer Holdco. Specifically, Archer is a leading technology-enabled service provid...
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Pittsburgh-based HWI unveils plans to construct new production plant in Missouri
Pittsburgh-headquartered HWI, a member of Calderys, one of the leading suppliers of refractory products and services in the United States, said Oct. 31 that it plans to construct a new lightweight mon...
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