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West Shore distributor sells stake to PE firm

R.F. Fager Co., a West Shore distributor of plumbing, heating, roofing and other supplies, has a new partner. New York-based private equity firm Tenex Capital Management has made an undisclosed investment in the company. Efforts to reach R.F. Fager and Tenex were not successful, But in a statement to trade publication PE Hub, Tenex managing director Gabe Wood […]

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Regional home-services company sold

New York-based private equity firm Broad Sky Partners has snapped up Punctual Pros, a regional franchisee for three high-profile consumer-facing brands. Based in East Hempfield Township, Lancaster County, Punctual Pros serves customers across Central Pennsylvania as an operator of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky Electrical franchises. The company is hoping to expand its footprint through acquisitions, […]

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Inflation, rising rates weighed on dealmaking

Rising interest rates and record inflation stifled mergers and acquisitions last year, leading to an 18% drop in activity compared to 2022 for Central and southeastern Pennsylvania, according to a report this week by accounting and professional services RKL LLP. Lancaster and the capital area bucked the regional decline, which reflected the national scene. Nonetheless, M&A […]

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Weis pressured over climate, supply chain disclosures

A nonprofit investor that tracks corporate performance on environmental, social and governance issues is asking Sunbury-based Weis Markets to beef up its disclosures on climate change and supply chain risks. The Massachusetts-based nonprofit, The Accountability Board, is seeking a shareholder vote on the issue during Weis’s annual meeting this spring. The resolution calls on Weis to produce a […]

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Local bank aims for the stars

Mid Penn Bancorp is fielding a sports and entertainment division designed to cater to the financial needs of high-profile athletes and entertainers. The unit formalizes an area where Mid Penn already has been making inroads, said Jordan Space, the bank’s COO. Many celebrities have come to know and trust the Harrisburg-based bank through its annual celebrity golf […]

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Statewide venture fund makes first investments

Four months after taking the field, a statewide venture fund is taking its first shots. The so-called GO PA Fund has invested in two companies, a financial technology firm based in Swarthmore and an advertising tech company based in New York, albeit with roots and some operations in Philadelphia. The fintech company is LoanStar Technologies, which […]

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PNC unveils $1B plan to upgrade, open branches

After closing more than 200 branches in 2023, PNC Bank said yesterday it is aiming to spend $1 billion over the next four years to renovate 1,200 branches nationwide and open 100 new ones in some of the country’s fastest-growing cities Banks are cutting branches. But they also have been opening them in markets where they see […]

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Fulton names new finance, risk chiefs

Fulton Financial has named an interim CFO following the resignation last week of Mark McCollom, who had been the bank’s finance chief since 2018. A regulatory filing and press release issued Friday did not disclose the reason for McCollom’s departure. Lancaster-based Fulton has named Beth Ann Chivinski as interim CFO while it conducts a formal search process to fill the […]

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Banks more cautious with lending

A bumpy financial road is prompting local banks to tap the brakes on lending. Banks are still making loans. However, they may not be as aggressive in courting new business. Nor are companies eager to add debt, with interest rates still elevated and the economic outlook uncertain. A quarterly survey of bank loan officers by the […]

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Nonprofit lender hires finance, credit chiefs

Lancaster-based nonprofit lender Community First Fund has filled a pair of C-suite roles. Elizabeth Bennett has been named the lender’s CFO, while Ed Gallagher has been named chief credit officer. Bennett worked most recently as CFO for Pennsylvania College of Art & Design in Lancaster and has also held finance roles at Lancaster Theological Seminary and Ephrata-based D&E Communications. Bennett succeeds Lloyd […]

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Orrstown, PeoplesBank to merge in $270M deal

A pair of longstanding local banks are coming together in a merger valued at $207 million. Under the all-stock deal, dubbed a merger of equals, the York County-based parent of PeoplesBank is merging into Shippensburg-based Orrstown Financial. The combined bank — which will take the Orrstown name — would have assets of roughly $5.2 billion and a network of 51 […]

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What’s ahead for Camp Hill bank

Thanks to a single deal, Linkbancorp went this year from doing business in one state to doing business in five. That deal was the bank’s merger this fall with Maryland-based Partners Bancorp. The all-stock deal closed at the end of November, followed by a bankwide conversion to the Linkbank brand over the first weekend in December, according to Andrew Samuel, […]

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VC firms land government funding

State officials are directing federal funds toward venture capital firms they hope can jumpstart early-stage tech companies in Pennsylvania. The firms are Allegheny County-based BTVC Fund I LLP, which is receiving $1.5 million, and Atlanta-based Metallum Ventures LP, which is getting $2.25 million. The funding, announced yesterday, comes from the State Small Business Credit Initiative, a federal program that […]

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Defamation claim raised in suit over fraud loss

Mid Penn Bank is firing back at claims it did not adequately protect a nonprofit from fraud. In a legal filing this month, the Harrisburg-based bank alleges that the Center for Independent Living of Central Pennsylvania harmed the bank’s reputation in a press release issued in February announcing a lawsuit against the bank. In the press release, the center claimed […]

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Court OKs settlement in data breach

A federal court has approved a settlement in a data-breach lawsuit brought against Fulton Bank. Under the agreement, the Lancaster-based bank will pay $750,000 to set up a fund to compensate victims of the breach, which hit a Fulton Bank vendor rather than the bank itself. The bank is not admitting any liability for the breach, […]

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Alleged bank fraud hits local, national targets

State authorities on Friday disclosed what they say was a widespread bank-fraud operation in Central Pennsylvania that drained nearly $2 million from the accounts of victims. Two men have been arrested in connection with the fraud but a criminal complaint lists nine other people. More charges are expected, according to the Pennsylvania attorney general’s office, […]

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Brokerage buys capital-area advisory firm

A Harrisburg-area financial advisory has joined the wave of consolidation washing over the industry. Comprehensive Financial Associates, based in Susquehanna Township, has been acquired by insurance and benefits brokerage AssuredPartners, according to a press release from Wise Rhino Group, the M&A firm that advised Comprehensive Financial. Terms of the transaction were not disclosed. But it also includes […]

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Lancaster advisory firm sold

Amid a wave of consolidation in the financial planning sector, Lancaster-based Domani Wealth has been purchased by a larger firm based in Illinois. The acquisition is the fourth this year for the firm, Savant Wealth Management, which is based in Rockford, west of Chicago. Terms of the deal were not disclosed but Domani will keep its existing leadership, […]

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Former Harrisburg law office headed for residential conversion

A New York City investor has acquired a former law office on North Front Street in Harrisburg and plans to convert the former mansion into an eight-unit apartment building to be called Front Street Lofts. The investor, a family office called Generational Wealth Organization that also has a presence in California, paid $633,000 for the building. It […]

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Financing is among ‘biggest challenges’ for Lancaster rehab

Business owner Jared Mizrahi is planning a $5 million makeover of a mixed-use property in downtown Lancaster. He just needs to finalize the financing. A big piece came through last month in the form of a low-interest $1.4 million loan from the state’s Building Pennsylvania program, arranged by Lancaster-based EDC Finance. Mizrahi said he is hoping to […]

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Camp Hill firm combines with K.C. peer

Engineering firm Gannett Fleming is roughly doubling in size thanks to a merger with a Kansas City, Missouri-based peer, TranSystems. Together, the two private equity-backed firms create a business with more than 5,000 employees and annual revenue of about $1.3 billion. Terms of the transaction were not disclosed. For Camp Hill-based Gannett, the deal continues a path of […]

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Nonprofit plans $65M senior-living campus in northern York

Messiah Lifeways is planning to build a new campus in northern York County, with a groundbreaking slated for October. The campus will occupy 85 acres of farmland tucked into a bend of the Yellow Breeches Creek in Fairview Township, about 10 minutes from Camp Hill. Based in Upper Allen Township, Cumberland County, Messiah paid $5.9 million […]

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State funds boost projects in York, Adams, Lancaster, Lebanon

Developer Ben Sutton has been working for more than a year to bake new life into a former bakery plant in West York. This week, he secured a key ingredient: a low-interest state loan and accompanying grant totaling nearly $2.5 million in all. “It was the missing part,” Sutton said in an interview with biznewsPA. […]

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Inch taps construction vet for ops/finance chief

Inch & Co. Holdings, a York County construction and real estate development firm, has hired Mike Benshoof as its first-ever chief operations and financial officer. Benshoof, a construction industry veteran, was most recently president of Berks Homes, a regional home builder with offices in Mohnton, New Cumberland and State College. “We’re very, very happy to have […]

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Building a national brand from a West Shore base

Soon after founding West Shore Home nearly 20 years ago, B.J. Werzyn envisioned turning the home-remodeling business into a nationwide brand. It was not a vision that was readily embraced, given the company’s humble beginnings in an industry long dominated by local contractors. “When you’re one location here in Mechanicsburg, Pennsylvania, with 50 employees and […]

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Firms partner on $18.6M apartment project in Lebanon

Lebanon-based construction company Arthur Funk & Sons Inc. is teaming up with a Wisconsin-based developer to build a 48-unit affordable apartment complex on a roughly five-acre plot along Mount Pleasant Road in South Annville Township, Lebanon County A formal groundbreaking is scheduled for July 15, but site work already is underway, said Matthew Padron, managing director […]

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House OKs expansion to prevailing-wage law

A controversial effort to tweak Pennsylvania’s prevailing-wage law has cleared a key hurdle. The Democratic-controlled state House this week passed a bill containing the tweaks on a vote of 125 to 77, sending it to an uncertain future in the GOP-controlled Senate. What are the tweaks: The legislation, House Bill 2153, would apply prevailing wages […]

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Harristown undertaking $750K reno project

An affiliate of the nonprofit developer Harristown Enterprises is carving up a pair of vacant rowhomes at 104 and 106 Walnut St. in Harrisburg into four apartment units, ranging in size from 910 square feet to 1,690 square feet. The Harristown affiliate, Charming on Walnut LLC, bought the two Depression-era buildings in December 2023 in a […]

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Proposed tweaks to prevailing wage spur debate

Contractors and some lawmakers are pushing back against efforts to change how Pennsylvania officials apply prevailing wage law, which sets a floor for wages on publicly funded construction projects. Their target is legislation before the state House and Senate that critics argue will drive up costs for public works. “It’s simply the wrong solution for […]

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High court to hear dispute over prevailing wage

The Pennsylvania Supreme Court has agreed to hear a case involving application of prevailing wages to a $17.2 million build-to-lease project for a State Police barracks and training center in Luzerne County. Administrative rulings sought to apply prevailing wages to the project, based on the notion that the state’s 20-year lease for the property essentially […]

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York developer names CEO as founder moves to CFO

After 15 years of leading York-based Royal Square Development and Construction, Josh Hankey is stepping into a new role at the company he founded in 2009. Hankey is poised to become CFO and pass the CEO baton to Dylan Bauer, who joined Royal Square in 2014. In an interview, Hankey said the two executives had been […]

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Retirement community plans $27M building project

Senior-living provider Landis Homes plans to erect 35 villa-style residential units on the western edge of its campus in Manheim Township, Lancaster County. The $27 million project reflects continuing demand for retirement living — 34 of the units have already been pre-sold — said Corey Hamilton, CFO for the nonprofit. The units, mostly two-bedrooms, will range in […]

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Nashville twin in works for Rock Lititz

Rock Lititz, the live-entertainment campus in Lancaster County, is erecting a twin in Nashville, the longtime capital of country music and home to the Grand Ole Opry. Rock Lititz announced May 1 that it broke ground last month on Rock Nashville, a 40-acre campus that will feature 514,000 square feet of rehearsal space for touring musicians, […]

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WellSpan breaks ground on first of three ‘mini hospitals’

As they broke ground yesterday on a new “mini hospital” in southern York County, WellSpan Health officials identified the next two locations for the small-format medical centers: the Carlisle area and northern York County. The regional health system is opening the three mini hospitals — in partnership with Texas-based specialty operator Emerus — to bring […]

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First Dauphin branch in the works for F&M Trust

The chief banking subsidiary of Chambersburg-based Franklin Financial Services has broken ground on a new branch at 4765 Linglestown Road in Lower Paxton Township. It will be F&M Trust‘s first free-standing, full-service branch in Dauphin County. “It’s a natural progression of our growth and activity in the capital region, specifically Dauphin County,” F&M Trust president and CEO Tim […]

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West Shore distributor sells stake to PE firm

R.F. Fager Co., a West Shore distributor of plumbing, heating, roofing and other supplies, has a new partner. New York-based private equity firm Tenex Capital Management has

entrepreneurship

Food

Fulton trims NJ staff following bank acquisition

Fulton Financial Corp. is laying off 95 people from an administrative office in Parsippany, New Jersey, used by Blue Foundry Bank, which Fulton acquired for about $243 million. The workers are primarily in corporate and support positions, according to a spokesperson for Lancaster-based Fulton. The cuts follow a post-acquisition leadership review that determined some roles were redundant, […]

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Stevens & Lee

Berks County-based law firm Stevens & Lee has hired two partners from Lancaster-based law firm Barley Snyder: Derek Dissinger and Alexander Puskar. They will be based in the Lancaster office of Stevens & Lee as shareholders in the firm. Dissinger focuses on real estate transactions, land use and land development matters, as well as on the […]

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NJ investor mulls more shares in Harrisburg bank

A prominent New Jersey business leader is eyeing a bigger stake in Mid Penn Bancorp Inc., the largest bank based in Harrisburg. In a securities filing, a trust associated with George Norcross III said it is weighing stock purchases that could raise the trust’s share of bank ownership to 24.99%. The trust, GAH Capital Trust, currently holds a […]

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Court rules state university is exempt from stormwater fee

In a highly anticipated ruling, a divided state Supreme Court last week said West Chester University does not have to pay a stormwater management fee imposed by West Chester borough. The fee is a tax, the court ruled, and state entities are exempt from taxes. The 33-page ruling caps about eight years of litigation over the fee, […]

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HB Global LLC

Adam Smith has been named president and COO of HB Global LLC, a Camp Hill-based HVAC, plumbing and electrical contractor, effective May 1. Smith, formerly COO of HB Global’s mechanical group, will work alongside company CEO Bob Whalen. Smith joined HB Global subsidiary HB McClure Co. in 2013 as a sales manager and eventually became president of […]

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Court ruling tackles issues raised by state consumer protection law

In a ruling last week, the state’s highest court waded into questions about what kind of notice people need to give when canceling contracts with home improvement companies. At issue was a perceived conflict between two of the state’s cornerstone consumer protection laws: the Unfair Trade Practices and Consumer Protection Law and the Home Improvement […]

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RKL LLP

Stephanie Kessler has been named leader of the senior living services consulting group at RKL LLP, a Lancaster-based advisory firm, effective May 1. She succeeds Jeffrey Boland, who led the group for 15 years and will continue as a partner role through his scheduled retirement on Dec. 31, 2027. Kessler brings more than 30 years […]

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Barley Snyder

Reilly Noetzel has been named chair of the real estate practice group at Lancaster-based law firm Barley Snyder. He had been vice chair of the group. Noetzel focuses on real estate transactions and development, with particular depth in condominium and planned community law, land use and zoning, construction-related matters, and leasing. He also represents developers […]

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Harrisburg nonprofit trims staff as it navigates financial headwinds

The Jewish Federation of Greater Harrisburg laid off or furloughed about 65 employees at the end of last week as it wrestles with a budget deficit that followed its move to a larger campus. In a letter to its members, the nonprofit cited a combination of factors that undermined its vision for the Alexander Grass Campus […]

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Layoffs triggered by end of vitamin production at York-area plant

More than a decade after expanding production of gummy vitamins at its factory in York County, a New Jersey-based consumer products company is shutting it down. As a result, Church & Dwight Co. Inc. expects to lay off up to 195 people at the plant, which is in West Manchester Township just north of Route 30. Why […]

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McNees Wallace & Nurick

Tyler Moser has joined the corporate and tax group of McNees Wallace & Nurick in the law firm’s Frederick, Maryland, office. Moser will advise businesses and individuals on transactional tax and corporate matters, with a practice spanning federal corporate, partnership and individual tax issues in connection with mergers, acquisitions, financial instruments, lending transactions, debt and […]

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The next venture cycle will look more like Pennsylvania

Column by Martin Fedorko For more than a decade, venture capital largely centered on software. Capital flowed toward businesses with

Sheriff’s sale looms for suburban Harrisburg hotel

A Harrisburg-area hotel is heading for a sheriff’s sale in June after allegedly defaulting on its debt. The owners of Holiday Inn Harrisburg East in Swatara Township, Dauphin County, a New Jersey-based partnership called Shri Sai Middletown LLC, owe nearly $11.3 million, according to a foreclosure notice filed last fall by its lender, Oregon-based Standard Insurance Co., […]

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Penn State Health

Dara Royer has been named chief marketing and communications officer of Penn State Health effective June 29. She succeeds Sean Young, who retired in fall 2025. Royer worked most recently as chief marketing officer of Syracuse University in New York. She also has held leadership roles with global nonprofit Mercy Corps and ALSAC/St. Jude Children’s Research Hospital. She […]

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PNC economist sees tests for consumer, corporate resilience

It will be no surprise if the Federal Reserve keeps interest rates flat after it ends a two-day meeting today. There is nothing flat about the rest of the economy, with oil prices spiking and U.S. tariffs still above their historical average. The risks, however, are primarily to the downside, according to Jay Hawkins, senior […]

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Capital-area vape shop prevails in state tax case

A Pennsylvania court has rebuffed state efforts to tax tobacco products made and sold by a Harrisburg-area vape shop In a 13-page ruling last week, a seven-judge panel of Commonwealth Court acknowledged that East Coast Vapor LLC appeared to be exploiting a loophole in state law. But the remedy is to change the law, not side with […]

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Flex, retail, office leases inked

Bel Fuse Inc. leased 8,426 square feet of flex space at 1410-1422 Sixth Ave. in York from 6th Avenue LP. David L. Bode of ROCK Commercial Real Estate represented the landlord. Courtney Brooke Rosenkrantz of Cushman & Wakefield represented the tenant. ei studio LLC leased 5,294 square feet of retail space at 3985 Columbia Ave. […]

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Questions cloud TMI restart plans

Facing a roadblock in its quest to restart and reconnect a nuclear generator on Three Mile Island by next year, the plant’s Baltimore-based owner thinks it has a way around the obstacles. Critics are saying, “not so fast.” They argue the company’s solution would allow it to bypass others waiting for their chance to connect to […]

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Court backs state claim to insurance fund surplus

For three years in a row, former Gov. Tom Wolf and state lawmakers tried to get their hands on surplus money held by Pennsylvania’s medical malpractice insurer of last resort. The insurer fought back, arguing that, as a private entity, its multimillion-dollar surplus should remain beyond the reach of public officials. Wolf and state legislators […]

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What would it take to end PA taxes on overtime?

President-elect Donald Trump made hay during the campaign with pledges to end taxes on tips and overtime pay. It’s unclear whether the proposals will gain traction in the U.S. Congress, given their potential cost. But the debate is likely to play out in Harrisburg, as well. In recent weeks, Pennsylvania lawmakers have floated proposals to […]

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State revenue down from decline in gassing up

Pennsylvania may have one of the highest gas taxes in the country, but the levy is delivering shrinking returns, according to a research brief this week from the Independent Fiscal Office, a state agency monitoring budgetary and economic trends. The culprit is declining gasoline usage in the wake of the Covid-19 pandemic, which pretty much […]

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Court puts business-reporting rule on hold

A federal court in Texas suspended enforcement of a controversial business-reporting regulation four weeks before it was slated to take effect. In a ruling Tuesday, U.S. District Judge Amos Mazzant said the rule is “likely unconstitutional” and issued an order blocking its implementation pending further court review. Adopted under a law known as the Corporate […]

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Deadline nears for business-reporting requirement

Do you know who your owners are? It’s a question millions of businesses will have to answer by the end of the year under a federal law known as the Corporate Transparency Act. Enacted in 2021, the law requires corporations, LLCs, LPs and other business entities to report information about their owners and managers to […]

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Court tosses developer’s lawsuit over township fees

Plenty of developers have likely wondered how cities and townships calculate the fees they charge for construction permits. Harrisburg-area developer Triple Crown Corp. took its questions all the way to Commonwealth Court, where it argued that fees charged by Lower Allen Township in Cumberland County for two apartment projects were unreasonable and unconstitutional. The case was […]

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High court reverses ruling in tax-refund case

Pennsylvania is dodging a fiscal bullet thanks to a ruling handed down yesterday by the state’s highest court. At issue was a corporate taxpayer’s demand for a $2 million refund after a tax structure was declared unconstitutional. The Commonwealth Court ruled last year that the state should pay the refund. But a divided Supreme Court reversed the […]

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Guv aims to speed permits for ‘complex and impactful’ projects

Gov. Josh Shapiro is hoping to ensure ambitious developers have a friend in Pennsylvania — or at least an easier time securing permits for construction. At an event in Philadelphia yesterday, the governor signed an executive order creating a transparent, fast-track permitting program for what are being described as “complex and impactful economic development and infrastructure projects.” […]

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Deal would transfer control of beleaguered Harrisburg apartments

Under a proposed settlement filed in court last week, the owner of an embattled Harrisburg apartment complex is agreeing to cede control of the property to an independent receiver and to convert its bankruptcy case to a liquidation. The deal, which requires court approval, would end a festering dispute between the city and the apartment […]

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Court shoots down overtime expansion

In a ruling Friday, a Texas judge scuttled an expansion of overtime pay that took effect in July. The decision sinks a Biden administration regulation that lifted the salary threshold for determining who is eligible for overtime pay. Another increase was slated to take effect in January, but that is now off the table, pending […]

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Studies see benefit in state-run retirement savings

State-backed retirement plans, which have been proliferating around the U.S., appear to boost savings among workers, according to a study released yesterday. Workers are 20% more likely to contribute to a retirement savings account if they work at a business in a state that has an auto IRA program, according to the study, undertaken by […]

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Regional projects land state funding

High-profile construction projects around the region are in line for millions of dollars in state funding under grant awards disclosed Friday. Beneficiaries include a proposed sports complex in North York, a residential project underway in Lancaster County and the planned makeover of Harrisburg’s former federal building. They are among more than 400 projects statewide awarded […]

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Guv signs off on new tax-appeal option

Pennsylvania taxpayers are poised to get a new avenue for disputing tax bills they don’t like. Under legislation signed into law yesterday by Gov. Josh Shapiro, state officials will be rolling out independent mediation as a way to settle tax disputes before they reach state courts. Under previous law, taxpayers interested in a settlement would negotiate […]

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Pharma giant plowing millions into Lancaster County campus

Life sciences heavyweight GSK is investing up to $800 million into its Marietta-area campus with plans to boost capacity and produce cutting-edge vaccines targeting illnesses like pneumonia and meningitis. The project, described as the British company’s largest-ever investment in U.S. manufacturing, entails construction of a new 300,000 square-foot facility and refurbishment of an existing building, along with […]

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State testing $10M program to boost housing supply

State officials yesterday unveiled a pilot grant program designed to fund mixed-use projects with a residential component. State officials see the $10 million program as a first step in addressing the shortage of affordable housing in Pennsylvania, a shortage that is drawing attention at every level of government. Funding is available for preparing sites for […]

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House OKs tax credits for new power generation

Companies that build or expand power plants in Pennsylvania stand to benefit from millions of dollars in tax credits under legislation approved in the state House. However, the companies would have to navigate complicated criteria to claim the credits, including requirements capping carbon emissions and setting minimum thresholds for capital spending. The legislation updates a […]

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PA revenue chief, state senator clash over tax-records request

A Pennsylvania state senator is escalating his dispute with the state revenue department over tax records related to an economic development zone in the Lehigh Valley. For the last few months, Sen. Jarrett Coleman has been seeking tax records related to a state-sanctioned improvement zone in downtown Allentown and questioning whether taxpayers are getting their […]

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State opens portal for reporting data breaches

Pennsylvania’s attorney general has set up an online portal where companies in Pennsylvania will be required to report data breaches under amendments enacted this year to the state’s breach notification laws. Signed into law in June, the amendments require companies to report breaches that affect at least 500 Pennsylvanians starting Sept. 26. In preparation for […]

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Legal

Bank claims could complicate recovery for ATM investors

Investors hoping to recover money from Lancaster-based ATM operator Paramount Management Group are facing a new hurdle. In a legal filing this month, a Berks County bank claims it has a stake in some of Paramount’s ATMs, as well as any revenue they may be generating. Customers Bank is asking a Lancaster County judge to stay an earlier […]

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Order finds ATM operator in contempt

A court order on Friday gave some relief to investors in Paramount Management Group, a financially strapped ATM operator based in Lancaster. But the order did not give the investors everything they wanted. Notably, it stopped short of ordering Paramount to hire a forensic auditor to help recover funds for the investors, who argue they are […]

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Court backs Harrisburg vape shop in licensing spat

Commonwealth Court has tossed out state rules requiring licensing of companies manufacturing e-cigarettes and the liquids used in them. The court found that the rules gave the Pennsylvania Department of Revenue too much discretion in deciding how they would be enforced. The decision came Friday in the context of a lawsuit filed by East Coast Vapor, […]

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Hearing raises new questions for beleaguered ATM network

Is it fraud or a failing business? That was one of the questions hanging over a court hearing held yesterday morning to consider contempt charges against Paramount Management Group, a Lancaster-based ATM network being sued by its investors. The investors want Paramount held in contempt for its alleged failure to abide by a court order issued earlier […]

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Court backs state claim to insurance fund surplus

For three years in a row, former Gov. Tom Wolf and state lawmakers tried to get their hands on surplus

Legal woes mount for Lancaster-based ATM operator

Claims against a Lancaster-based ATM network took on new forms during a roughly one-hour hearing held Friday afternoon in a Lancaster County courtroom. An attorney representing disgruntled investors in the network raised concerns about money flows involving the network’s operator, Paramount Management Group, and questioned whether the operator had inflated the number of ATMs it owned. […]

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Case tests corporate liability for defunct subsidiary

Is a company still liable for a subsidiary’s legal problems even after the subsidiary is legally dissolved? That’s an issue being taken up by the Pennsylvania Supreme Court in the context of asbestos class-action lawsuits filed against Dravo, a former shipbuilder and manufacturer based in Pittsburgh. The question is whether Dravo’s asbestos liabilities should pass to Carmeuse Lime Inc. […]

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Deadline nears for business-reporting requirement

Do you know who your owners are? It’s a question millions of businesses will have to answer by the end

Court tosses developer’s lawsuit over township fees

Plenty of developers have likely wondered how cities and townships calculate the fees they charge for construction permits. Harrisburg-area developer Triple

High court reverses ruling in tax-refund case

Pennsylvania is dodging a fiscal bullet thanks to a ruling handed down yesterday by the state’s highest court. At issue

Deal would transfer control of beleaguered Harrisburg apartments

Under a proposed settlement filed in court last week, the owner of an embattled Harrisburg apartment complex is agreeing to

York-area manufacturer sued over alleged retaliation

Federal regulators filed a lawsuit against a York-area manufacturer for allegedly firing an employee who had raised concerns about safety. In a lawsuit filed in late October, the U.S. Department of Labor accuses Red Lion Controls of terminating the employee after he refused to carry out a task that he felt was unsafe. The agency is seeking […]

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Court OK sought for bankruptcy sale of Harrisburg-area winery

The bankrupt owner of Spring Gate Winery in suburban Harrisburg is seeking court permission for a sale of the winery and some of its assets, including its beer and wine licenses. According to court filings this week, Schoffstall Farm LLC is asking for approval of a sale to Nitin Patel, who would pay $2.85 million for the winery. The […]

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Harrisburg apartment owner asks court to block alleged meddling in bankruptcy sale

The bankrupt property owner trying to sell Governor’s Square apartments in Harrisburg has complained in the past that the city of Harrisburg is thwarting its sales effort, and it’s now asking a bankruptcy judge to intervene. In a court filing last week, Maryland-based Uptown Partners LP asked a judge to order the city to “cease and desist from […]

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Federal charges prompt suspension of York County judge

York County Judge Steven Stambaugh has been suspended without pay in the wake of federal allegations that he orchestrated an unemployment fraud scheme at his York-based personal-injury law firm, Stambaugh Law PC. The suspension was handed down yesterday by the state’s court of judicial discipline following a motion from the state judicial conduct board, th “The […]

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Court docs disclose $2.8M offer for bankrupt winery

A potential deal is on the table for Spring Gate Winery in suburban Harrisburg. A buyer named Nitin Patel has offered $2.8 million for the winery, whose parent company filed for Chapter 11 bankruptcy protection in May, according to court records. The offer sets a floor for other potential bidders in a bankruptcy auction slated to unfold this […]

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Developer appeals ruling that blocks York-area warehouse rezoning

Inch & Co. is appealing a York County court ruling that blocks the company from building a warehouse on land south of Route 30 in Manchester Township. The move continues a nearly two-year-old battle over the 52.7-acre site, which borders the Prospect Hill Cemetery. Some neighbors have opposed the warehouse plans since they became public, […]

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PA court rules in Covid-era insurance case

Insurers do not have to cover lost revenue for businesses that were forced to shut down during the early weeks of the Covid-19 pandemic. That’s according to a ruling handed down yesterday by the Supreme Court of Pennsylvania in a class-action lawsuit originally filed in Allegheny County court by a dental practice. The decision resolves conflicts between lower […]

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AMES parent to shutter local factories

Two capital-area factories are slated for closure as their parent company reconfigures its supply chain to boost profits in the face of slower sales and high U.S. overhead. New York-based Griffon Corp. said it plans to close Hampden Township and Harrisburg factories that make garden tools, wheelbarrows and other equipment for The AMES Companies, a Griffon subsidiary and longtime staple […]

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Firm to boost production of semiconductor materials in PA

A supplier to the semiconductor industry is plowing $300 million into an expansion of its operations in Schuylkill County. The investment by supplier EMD Electronics includes construction of a 96,500 square-foot facility near Tamaqua, expanding the company’s production of specialty gases used in semiconductor and electronics production. The company’s investment is expected to create at least 68 jobs […]

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Lancaster print plants to close

Citing a shrinking demand for catalogs and magazines — and rising costs for ink and paper — commercial printing giant LSC Communications is stopping the presses at its two plants in Lancaster County, laying off about 656 workers The closure comes more than two years after LSC was rescued from bankruptcy by a Connecticut-based conglomerate called Atlas Holdings. Executives […]

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Utz names next CEO

After steering one of the region’s largest private companies onto the public market, Utz Brands CEO Dylan Lissette is stepping into a new role. After 27 years with the Hanover-based snack maker, Lissette will become executive chairman of the company’s board on Dec.15.Utz’s new CEO will be Howard Friedman, currently COO of St. Louis-based Post Holdings, a consumer-packaged […]

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Harsco Headquarters sold to local developer

As it gears up for a move to Philadelphia, Harsco has unloaded its longtime Wormleysburg headquarters this year for $4.3 million. However, the roughly 42,000 square-foot building will remain a corporate headquarters.A partnership that includes Lemoyne-based Rhodes Development Group bought the building and plans to move there, along with two of its operating divisions, according to Larry Kluger, president and […]

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York equipment manufacturer makes add-on acquisition

Graham Engineering, a York-based equipment maker, has purchased a Berks County company with a complementary business. Graham Engineering makes machinery used in producing — or extruding — plastic parts ranging from car bumpers to catheters.Its new acquisition, Birdsboro-based Kennedy Tool & Die, specializes in making molds and tooling used in plastics-manufacturing processes called blow molding, rim […]

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With jobs in limbo, judge OKs Armstrong Flooring sale

The bankruptcy case of Armstrong Flooring is nearing its end. U.S. Bankruptcy Judge Mary Walrath approved the sale yesterday of the company’s North American assets to Mountville-based flooring manufacturer AHF Products and Boston-based Gordon Brothers. An AHF spokesperson said yesterday the company hopes to close on the $107 million deal by next Friday, July 22. Then what: AHF will […]

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Firms to pay $90M for overseas assets of Armstrong Flooring

After disclosing buyers for some of its operations in North America, Armstrong Flooring has unveiled deals to sell its remaining businesses. In a news release July 11, the company identified buyers for its operations in Australia and China. Who: The Australian assets — including a factory in Braeside, Victoria — are going to a group of companies identified […]

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Armstrong Flooring in $107M deal that preserves local operations

After two months in bankruptcy, Armstrong Flooring is on the verge of dealing its way out. The Lancaster-based manufacturer said yesterday it has agreed to sell its North American assets to a consortium that includes AHF Products, a former division of Armstrong Flooring. Mountville-based AHF and Boston-based Gordon Brothers have agreed to pay $107 million in cash and assume unspecified liabilities […]

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Armstrong Flooring gets more time for sale

Armstrong Flooring has once again pushed back the deadline for wrapping up a sale. The Lancaster-based manufacturer now expects to finalize a sale by a court hearing slated for Tuesday, July 12.In a statement issued early on Friday, July 8, a company spokesperson said the company has finalized a deal to sell its operations in […]

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Vehicle-parts manufacturer moving operations to York area

Mobile Climate Control, which already has a distribution Center in York County, is consolidating all of its U.S. operations at a new facility in West Manchester Township.

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Following acquisitions, York-area firm forms holding company

The Conrad Co. is the name of a new holding company unveiled this year by Penn-Air & Hydraulics Corp., a growing manufacturing services company based in Springettsbury Township, York County. The holding company encompasses PennAir, a company acquired by PennAir in 2019 and three other companies acquired since then, according to Seth Bray, the CEO of PennAir and […]

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State lawsuit over PCBs advances

A state court has delivered a partial win for Pennsylvania in a year-old lawsuit seeking damages from ag giant Monsanto and related enitities over PCBs. An 84-page Commonwealth Court ruling on Dec. 30 swept aside six of Monsanto’s nine objections to the state lawsuit, paving the way for the next phase of litigation. Judges, however, did uphold two […]

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Real Estate

Former school for sale amid dispute between owner, tenant with redevelopment plans

The former Bishop McDevitt High School in Harrisburg is on the market amid a dispute between its owner and its chief tenant, a development company led by a former NFL player. Owner Jeremy Hunter of William Penn Holdings Inc. announced the building was for sale in a Facebook post on May 24. The post has led […]

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Oregon Dairy property sold in leaseback deal

After a bruising legal battle to develop their land in Manheim Township, Lancaster County, the Hurst family has sold it to another developer. The family, which owns the Oregon Dairy supermarket and restaurant, sold the store’s land and building on May 10 to Jerry Horst and his sons, Mark and Chad, who operate Manheim Township-based Vanguard Development Group. […]

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Harrisburg building eyed for makeover fetches $14.5M

Adam Maust poured millions of dollars over the last four years into the Atlas Building, an edifice in Uptown Harrisburg that had fallen into disrepair by the time Maust bought it in 2020. He is now passing the torch to a new owner, a Harrisburg-based nonprofit called the Pennsylvania Social Equity Land Trust, which paid $14.5 […]

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Inch & Co. launches $20M real estate fund

The founders of Inch & Co. are looking to raise $20 million from investors interested in backing the York-area company’s forays in multifamily housing. For the last 15 years, the company has leaned on its own resources, buttressed by capital from friends and family, said Jeff Inch, a co-founder and co-owner of Inch & Co. “Now […]

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Bankrupty of Harrisburg apartment owner takes new turn

A new twist is complicating the bankruptcy case of Uptown Partners LP, the Maryland-based owner of Governor’s Square apartment complex in Uptown Harrisburg. The company managing the affordable-housing complex, Landex Management LLC, is asking the court to void its contract with Uptown Partners, arguing that the owner is not providing enough resources to manage the beleaguered property […]

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Shippensburg-area plaza sells for $6.6M

A buyer with a growing portfolio of Pennsylvania shopping centers has added another one. A partnership led by Leo Ullman of New York-based retail developer Vastgood Properties paid $6.63 million at the end of April for Shippensburg Marketplace, according to Brad Rohrbaugh, executive vice president and retail director for York-based Bennett Williams Commercial. Rohrbaugh and […]

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Deal for Lanco tiny-homes startup changes shape

The potential buyers of a Lancaster County-based tiny-homes company are taking a new tack. Chase Packaging Corp., a New Jersey-based shell company, had been planning to take Tiny Estates LLC and two related entities public through a merger. The companies are led by CEO Abby Shank, a former KPMG auditor who started a tiny-home community outside Elizabethtown in 2018. But […]

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Harrisburg office complex sold to Philly-area firm

When Penn Center Harrisburg hit the market in summer 2022, the asking price for the three-building complex was $22 million. The half-vacant property in the 2600 block of North Third Street ended up selling for $1.45 million late last month following the bankruptcy of its owner, Penn Center Harrisburg LP. The buyer is an affiliate of Pennmark, […]

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How realtors may adapt to a changing landscape

Over the last few weeks, real estate agents have begun bracing for the end of a common practice in home sales. It’s not the 6% commission, which agents argue is something of a misconception. It is the ability to signal that a homebuyer’s agent will be paid from the proceeds of a sale along with […]

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Another delay in sale of Harrisburg apartments

It could be another four weeks before a bankruptcy court decides the fate of the beleaguered Governor’s Square apartment complex in uptown Harrisburg. The court had been scheduled to hold a hearing April 2 on a proposed sale of the 222-unit complex But the hearing has now been moved to April 30 at the request of the […]

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Nonprofit shedding senior-living operations

A regional nonprofit is poised to spin off its senior-living operations to a larger peer based in Missouri. Topton-based Diakon, which has a finance and support center in Middletown, has agreed to merge its senior-living subsidiary into St. Louis-based Lutheran Senior Services. Terms of the transaction, expected to close this summer, were not disclosed. “This was a […]

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Small housing group aims for bigger impact

About a dozen years ago, several members of East Chestnut Street Mennonite Church in Lancaster banded together to start a nonprofit focused on creating affordable housing, with a focus on people experiencing homelessness. Their first project was the purchase and conversion of a single-family home at 639 E. Chestnut St. Over the next decade, the […]

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Court extends time for bankruptcy sale of Harrisburg apartments

A court hearing on the bankruptcy sale of Governor’s Square apartment complex in uptown Harrisburg had been scheduled for Feb. 29. However, it has been moved to April 2 per an order from Chief Bankruptcy Judge Henry Van Eck of the U.S. Bankruptcy Court for the Middle District of Pennsylvania. Why is this happening: The […]

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Feds object to bankruptcy sale of Harrisburg apartments

Federal housing officials are objecting to the proposed sale of Governor’s Square, a beleaguered Harrisburg apartment complex whose owner declared bankruptcy last year In a court filing this week, the U.S. Department of Housing and Urban Development argues there are not enough guarantees that the potential deal will preserve the complex’s status as affordable housing. […]

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Deal could take Lanco tiny-home firms public

A tiny-home startup in Lancaster County is poised for the big time. A publicly traded shell company has agreed to buy Tiny Estates LLC and two related companies, Endeavor Tiny Homes LLC and Tiny Communities Fund LLC. The companies are led by CEO Abby Shank, a former KPMG auditor-turned-entrepreneur who started a tiny-home community outside Elizabethtown in 2018. Shank, who went on to […]

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Project dubbed ‘significant addition’ to Lancaster’s affordable housing stock

Lancaster-area officials, nonprofit executives and business leaders gathered yesterday to mark the next step in a nearly four-year journey to redevelop the former UPMC Lancaster campus along College Avenue. Nonprofit developer HDC MidAtlantic broke ground Feb. 7 on the first phase of redevelopment — a $23 million, 64-unit affordable-apartment building at 213 College Ave., the site of a vacant […]

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Shapiro budget includes $500M focus on industrial sites

As part of his budget proposal for the state’s next fiscal year, Gov. Josh Shapiro is offering a remedy to the shortage of ready-for-business industrial spaces in Pennsylvania. It is a $500 million, bond-funded expansion of PA SITES, a program the governor rolled out last year on a pilot basis with $10 million in funding. […]

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Lebanon judge backs vote against solar project

A Lebanon County judge has sided with a North Annville Township decision shooting down developers hoping to plant a roughly 858-acre solar farm in the rural municipality west of Lebanon city. The ruling, handed down last week, upholds a 2022 vote by North Annville supervisors to deny a conditional use permit to Lebanon Solar I LLC, […]

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