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West Shore construction supplier sold

Valley Supply Inc., a Mechanicsburg-area distributor of concrete accessories, fabricated rebar, chemicals and safety products for the construction industry. The company has been acquired by White Cap, a growing, Atlanta-based construction supplies distributor. Terms of the transaction were not disclosed, but Valley Supply will continue under its own name and existing leaders, Harvey Sipe and Linda […]

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Palmyra-based distributor cutting HQ, warehouse staff

A Palmyra-based specialty distributor plans to lay off about 100 people working at three locations in Lancaster and Lebanon counties by the end of this year. The move stems from an expected decline in business and resulting corporate restructuring, according to a layoff notice from the company, DAS Companies Inc.  Efforts to reach the company yesterday […]

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Leader of Harrisburg U steps down

Eric Darr resigned Friday as president of Harrisburg University of Science and Technology, an institution still fighting to stabilize its finances following the fallout from Covid-19. David Schankweiler, a founding trustee of HU and former publisher of the Central Penn Business Journal, is stepping in as interim president while the university searches for its next leader. […]

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Mid Penn to buy flagging Philly-area bank

Mid Penn Bancorp is deepening its reach in southeastern Pennsylvania and South Jersey with the acquisition of a Bucks County bank that has been squeezed by high interest rates. Harrisburg-based Mid Penn has agreed to pay about $127 million for Bristol-based William Penn Bancorporation.  The all-stock deal is slated to close in the first half of 2025, […]

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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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WellSpan, UnitedHealthcare partially sever ties

Facing an Oct. 31 deadline for negotiating new reimbursement rates, WellSpan Health and UnitedHealthcare hammered out a last-minute deal to extend some of their agreements but ended one of them. The two sides said Thursday night they were unable to reach an agreement on employer-sponsored health plans, but they agreed to extend the deadline for negotiating over […]

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Flooring maker trims jobs amid soft demand

AHF Products is eliminating about 30 white-collar jobs, with less than half the cuts affecting its staff in Lancaster County. In a statement, AHF president and CEO Brian Carson attributed the move to a stagnant market for home improvements and soft demand for residential building products. Based in West Hempfield Township, the company makes vinyl and […]

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Herbert Rowland & Grubic

Jim Feath has been named vice president of operations at Herbert Rowland & Grubic, a key role in the engineering firm’s growth plans. Feath has managed operations for HRG’s Pittsburgh office since 2018 and has more than 25 years of experience with the firm. He began his tenure with HRG as an intern shortly after […]

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PNC Private Bank

Kristen Del Grosso has been named market leader for PNC Private Bank in Central Pennsylvania, which includes the Harrisburg, Lancaster, York and State College areas. Del Grosso previously managed PNC Private Bank offices in Mechanicsburg and State College. She joined the PNC unit as a senior banking adviser in 2014 and has a bachelor’s degree in business […]

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State authority rolls $1M into new venture fund

A new venture fund in Central Pennsylvania is closer to its fundraising goal thanks to an investment this week from a state authority. The Ben Franklin Technology Development Authority has poured $1 million into the fund, Keystone Innovation Fund II, a joint venture between York-based White Rose Ventures and State College-based 1855 Capital.  The fund is on track to close by […]

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Brown Plus

Accounting and advisory firm Brown Plus has hired four new staff members for its Camp Hill office. Devin Brown is rejoining the firm as an audit senior manager. He specializes in providing audit and review services to nonprofits, local governments and school-related entities. Taylor Guarente was named an audit supervisor specializing in accounting and auditing […]

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Diakon

Shari VanderGast has been named CEO of Diakon, a regional nonprofit offering a range of senior and family-related services, effective Nov. 10. VanderGast, Diakon’s COO, is succeeding Scott Habecker, who led the nonprofit through a period of significant change over the last three years. VanderGast started at Diakon in 2015 and became COO in 2021. She […]

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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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What led a York bank to sell

Traditions Bank earned record profits in 2020 and 2021. But when interest rates shot up between March 2022 and July 2023, the York-based bank ran into financial headwinds that called into question its ability to remain independent without cutting staff and trimming plans for growth. The resulting discussions among bank executives and directors led to the deal […]

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Lanco firm partners on industrial deal

A joint venture between Lancaster-based Benchmark Real Estate LLC and New York-based real estate investor Regal Ventures paid $22 million for an industrial complex in Bristol Township, Bucks County, about 22 miles northeast of Philadelphia, according to county deed records. The deal was structured as a condominium transaction, meaning each of the complex’s four parcels was recorded as […]

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Former brewery sold

A partnership called 3 South Union Associates LLC paid $300,000 for the former home of Tattered Flag Brewery & Still Works in Middletown, according to county deed records. The roughly 13,000 square-foot property is at 1 S. Union St. in the Dauphin County borough. The new owners plan to lease the space, according to Nik Sgagias, president of Lemoyne-based real […]

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Thaddeus Stevens College of Technology

Kesha Morant Williams has been named vice president of academic affairs at Thaddeus Stevens College in Lancaster. She has more than 15 years of leadership experience in higher education. Morant Williams was most recently the senior adviser for diversity, equity and belonging as well as a professor of humanities and communication arts at Elizabethtown College. […]

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