It was time to sell the donuts — and the honey, the baseball team and the roller coasters. Not to mention the banks, manufacturers and engineering firms, among others, that changed hands over the past year. Local dealmakers faced the usual headwinds in 2025, including relatively high interest rates. But they also had to navigate […]
State regulators are crafting guidelines designed to address one of the chief risks of the data center construction boom — that Pennsylvania residents and businesses get stuck with a hefty tab for building out the substations and power lines that feed electricity to the centers. The guidelines, proposed by the Pennsylvania Public Utility Commission, are currently […]
Lititz-based S&S Singh Partners paid $6.2 million for Ephrata Commons, a 54,810-square-foot shopping center at 385 N. Reading Road in Ephrata, according to county deed records. The seller was an affiliate of New Jersey-based Heidenberg Properties, which paid $6.1 million for the center in 2016, according to county deed records. Heidenberg was represented by Chris Munley, Colin Behr, […]
Ryan Harshman and Matt Harvey. They have been named principals at regional accounting firm Brown Plus. Harshman, based in the firm’s Frederick, Maryland, office, was an audit senior manager. He is now an audit principal. He has a bachelor’s degree in accounting and finance from the University of Maryland. Harvey works remotely from Milwaukee, Wisconsin, and […]
A second suitor is eyeing a bid for the assets of SpiriTrust Lutheran, a York-based nonprofit senior living provider that filed for bankruptcy in November amid rising costs and declining revenue. The potential bidder is Lutheran Social Ministries of New Jersey, which has been managing SpiriTrust’s campuses under an agreement inked in February 2024, according to court […]
Gordon Roder has been named treasurer of Lancaster-based Fulton Bank. Roder previously held leadership roles at Third Federal Savings & Loan, Flagstar Bank and ABN AMRO. Roder will oversee Fulton’s corporate treasury and asset liability operations and guide the bank’s management of market and liquidity risks while advancing its long-term growth strategy. His hiring is not the only executive […]
Camp Hill-based LinkBancorp opened in 2018 following a round of consolidation that took out several banks in Central Pennsylvania. Now, with bank mergers again on the upswing, LinkBancorp is on the sell side. Alexandria, Virginia-based Burke & Herbert Financial Services Corp. has agreed to buy the bank in an all-stock deal valued at $354.2 million. The transaction, expected […]
Cathy Bolliger has been named director of grantmaking for the York County Community Foundation. Bollinger, who has worked at the foundation since 2014, will lead its grantmaking operations from application review through impact measurement, ensuring that every stage of the process advances long-term, equitable progress for York County. During her tenure at the foundation, Bollinger […]
Mumtaz Darbar has been named executive vice president and chief transformation officer at Penn State Health, a new role for the regional health system based in Derry Township, Dauphin County. Darbar was previously the system’s chief clinical and academic integration officer, a post she took in 2023. In her previous role, Darbar led efforts to […]
The independent trustee overseeing the bankruptcy of Lancaster County business owner Daryl Heller wants to convert Heller’s case from a Chapter 11 reorganization to a Chapter 7 liquidation. It’s a matter of the finances, according to a filing this week by the trustee, Fred Stevens of New York-based law firm Klestadt Winters Jureller Southard & Stevens. […]
Thomas Grossman is joining regional accounting firm Boyer & Ritter as a manager in the firm’s dealership group. An experienced accountant and CPA, Grossman recently worked as senior controller for a Philadelphia-area automotive dealership. He worked for another dealership, as well, over a career of nearly two decades. He also worked as a supervisor for […]
Ritner Steel, a steel fabricator based in Middlesex Township, Cumberland County, has been acquired by Cranbrook Partners & Co., a Troy, Michigan-based investment firm that aims to grow the companies in its portfolio. Terms of the transaction were not disclosed. Cranbrook executives did not reply to emailed questions about the deal, which closed on Dec. 8. […]
Carlisle-based grocery chain The Giant Co. is closing ecommerce fulfillment centers in Lancaster and four other places in Pennsylvania as it changes its approach to delivering groceries ordered online, a service known as Giant Direct. Giant is dropping its centralized model in favor of a store-based approach, according to company spokesperson Ashley Flower. Giant employees […]
Tweaks to jobless benefits in Pennsylvania are heading to the governor’s desk. The state House yesterday followed the Senate in approving legislation that makes it easier for victims of domestic violence to qualify for unemployment benefits and delays benefit cuts that were scheduled to take effect next year. The changes drew bipartisan support, with Philadelphia-area Democratic […]
Penn State Health executives John Goodyear and Tara Gardne have been promoted to regional leadership roles for the health system, which is based in Derry Township, Dauphin County. Goodyear has been named regional COO and vice president for Cumberland County hospitals Penn State Health Hampden Medical Center and Penn State Health Holy Spirit Medical Center. He […]
In 2022, state utility regulators approved the $55 million sale of a Chester County sewer system. A state appeals court overturned the approval in 2023 over concerns that the transaction would boost costs for customers. In a ruling yesterday, Pennsylvania’s highest court reversed the appeals court and approved the deal between Aqua Pennsylvania‘s wastewater arm and the […]
Fortune Investment Properties LLC paid $2 million for a 57-acre property at 151 Wolfs Bridge Road in Middlesex Township, Cumberland County, according to county deed records. The seller was Carlisle Aerie #1299 Fraternal Order of the Eagles, which used the site as a picnic grounds. The property includes a 6,630-square-foot event center, an additional 1,500-square-foot […]
Maria Di Stravolo Elliott has been named chair of the construction industry group at Lancaster-based law firm Barley Snyder. Elliott, a partner at the firm, previously chaired the group and returns to the role with extensive experience guiding clients through complex construction and real estate matters. She succeeds partner Christopher A. Naylor, who now leads […]