Pennsylvania officials are tapping an Allentown-based lender to operate a statewide program funneling money to homeowners who want to make their homes more energy efficient.The
A private equity-backed holding company is buying a majority stake in Harrisburg’s minor league baseball team from the family of the late Mark Butler, a co-founder of Harrisburg-based discount retailer Ollie’s Bargain Outlet Holdings. Butler, who died in 2019, bought a majority interest in the Harrisburg Senators in 2014. That stake is now being sold to Diamond Baseball […]
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 said, […]
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, said company […]
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 activity […]
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 report […]
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 tournament […]
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 helps […]
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 citiesBanks are cutting branches. But they also have been opening them in markets where they see potential […]
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 position. […]
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