Goldman Sachs Alternatives, a private equity arm of New York-based finance giant Goldman Sachs, has agreed to purchase a majority stake in TAIT, a live-entertainment production
Zirtual, a portfolio company of Lancaster-based investment firm PennSpring Capital, is branching out.The virtual-assistant service has acquired Del.Trust, a company that offers virtual paralegal services to attorneys and law firms nationwide. Terms of the transaction were not disclosed.Del.Trust founder Jaclyn Foster is joining Zirtual as president of its newly established paralegal services division.“She is the ideal leader […]
Concentra, the occupational health subsidiary of Mechanicsburg-based rehab chain Select Medical, filed last week for an initial public offering of stock, though many of the details remain to be filled in — including the timing and share price for the IPO. Nonetheless, the filing presents a fairly detailed overview of Concentra, its operations and its outlook on the […]
Drew Mousetis understands the benefits of employee ownership.As a lead consultant for employee-owned software company Cargas in Lancaster, he enjoyed a sense of financial security that allowed him and his wife to purchase a new home in Lancaster Coujnty where they are raising their four young children.“You just can’t really put a value on that,” […]
In a party-line vote, a House panel approved legislation on June 12 to exempt Pennsylvania sales taxes from so-called swipe fees — the fees assessed to process transactions involving credit cards.Fourteen Democrats on the committee voted for the legislation, House Bill 2394, while 11 Republicans were opposed.The exemption would mean that on a $1 purchase in […]
Pennsylvania banks and credit unions are pushing back on proposed state legislation that would exempt the sales-tax portion of retail purchases from so-called swipe or interchange fees — the fees charged by financial services companies for processing credit card payments. The fees are typically 1% to 3% of a transaction. Under the exemption, on a […]
The slowdown in home lending has challenged banks and mortgage brokers over the last year. But it has created opportunities for the firms that offer them advice and technology to improve their operations.It is those opportunities that helped spur a merger for Teraverde, a financial software and consulting company based in East Hempfield Township Lancaster County. The […]
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 it’s time […]
Lancaster County-based Bank of Bird-in-Hand is seeking shareholder and regulatory approval to form a holding company, a common step for banks as they grow. The holding company would be called GELT Bancorp Inc., incorporating the Amish word for money. The bank also uses the word for its mobile branches, called Gelt buses.Existing bank shareholders would become shareholders in […]
Lemoyne-based insurance and benefits agency Gunn-Mowery is expanding its footprint in York CountyThe firm has acquired Central Penn Benefits, an insurance and benefits agency in West Manchester Township, York County.Terms of the transaction, which closed May 1, were not disclosed. But Central Penn Benefits will continue to operate under its own name and from its existing office as […]
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