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Tag: acquisition

Utz Brands expands distribution in NYC with two acquisitions 

Utz products line a grocery store shelf. PHOTO/PROVIDED

Salty snack manufacturer Utz Brands Inc. continued its national expansion by announcing that its subsidiaries have agreed to buy the assets of Clem Snacks Inc. and J&D Snacks Inc. in the first quarter of this year. 

Terms were not disclosed. 

The two companies are third-party store delivery distributors of Utz products. Clem is out of Brooklyn, New York, with approximately 100 routes in New York City and Long Island. J&D has served the Bronx, New York, since 1996 with approximately 25 routes. 

These combined routes in the New York area will enable Hanover-based Utz to accelerate share gains across this geographic region, a release noted. Since going public in 2020, Utz has grown its reach and expanded its product offerings through acquisitions, including the addition of Chicago-based snack food maker Vitner’s; Nebraska-based filled-pretzel brand H.K. Anderson; and Michigan-based R.W. Garcia Holdings and RW Garcia, maker of tortilla chips, crackers and corn chips. 

“We are excited to build on the solid foundation and stellar reputation that the Clem and J&D teams have built,” Steve Liantonio, Utz’s senior vice president, national sales operations, said in the release. “These two key distribution partners have been representing and distributing Utz’s brands in the five boroughs of New York City and Long Island, New York, over the last 25 years, and we look forward to working closely with our independent operator network to expand and grow our expansive portfolio of brands in this vibrant and diverse market.” 

HR Pharmaceuticals acquires Georgia-based catheter manufacturer 

York-based HR Pharmaceuticals, Inc. Is expanding its offerings of urology products with the acquisition of catheter manufacturer Medical Technologies of Georgia (MTG). 

HR Pharmaceuticals announced on Friday that it recently acquired the Covington, Georgia-based medical supply company for an undisclosed amount of money. 

MTG’s urology products are created for users with hand and finger dexterity impairments. Along with new products for paraplegics, MTG offers catheters for tetraplegics as well as women and children. 

The products join HR Pharmaceuticals growing portfolio of medical products, which includes HR Lubricating Jelly, Surgilube Surgical Lubricant, EcoVue Ultrasound Gel and TruCath urological products. 

“MTG’s product line complements our current product portfolio and will accelerate our strategy to become a market leader in urological products that service patients across the continuum of care,” said Colby Wiesman, president and CEO of HR. “We look forward to investing in and growing the business for our customers, employees, and community.” 

When completed, the acquisition will make HR the only independent catheter manufacturer in the U.S., according to HR. 

Randy Golden, whose family founded MTF in 1997, will transition to HR’s team. 

“MTG has been a pioneer in developing and improving closed-system catheters proven to reduce the risk of recurrence of urinary tract infections in people with mobility impairments,” said Golden. “I am thrilled to find a partner in HR that shares our values and vision for creating innovative products that positively impact people’s lives.” 

Kinsley Construction subsidiary joins under company name 

York-based Kinsley Construction said on Monday that subsidiary R&C Heavy Mechanical in Maidencreek Township, Berks County merged under the Kinsley name effective Jan. 1, 2022. 

Kinsley acquired R&C in 2006 and the companies have since operated under their own branding, but with a long-standing relationship, working together on plant maintenance work, piping, fabrication and rigging projects. 

As of this year, R&C will now operate under the Kinsley name as part of the company’s industrial division. The merger allows the companies to openly share resources within the division, such as manpower and equipment, the company wrote in a statement. 

“Together, we hope to expand and strengthen our market share in the heavy industrial sector throughout the Mid-Atlantic region,” said Rick Johnson, Kinsley’s industrial executive vice president.   

Thanks to its merger with R&C, Kinsley’s industrial services division will now include concrete and asphalt plant relocations and repairs. Kinsley’s in-house rebar, structural and plate fabrication resources will also increase capacity and service available to R&C’s current clients. 

Kinsley Construction has offices in Baltimore and Hagerstown, Maryland; Metro DC; and Eastern Pennsylvania. 

New Jersey-based real estate investment firm acquires Summerdale Plaza

Summerdale Plaza, a 141,451-square foot retail shopping center at 429 N. Enola Road, East Pennsboro Township, Cumberland County was acquired by Red Bank, New Jersey-based First National Realty Partners.

BizNewsPA reported that the deal was for $17.25 million and that the seller was Willner Realty & Development, headquartered in Ardmore. Willner was represented by Institutional Property Advisors’ Brad Nathanson, a release said.

Featuring a Rite Aid, AutoZone, Dollar Tree and Tractor Supply, Summerdale Plaza is 85% occupied.

First National Realty Partners LLC is a “vertically integrated real estate investment firm focused on acquiring institutional quality commercial real estate throughout the United States,” according to the release.

The purchase of Summerdale Plaza adds to the company’s rapidly expanding portfolio.

“We are very excited to acquire Summerdale Plaza,” Matt Annibale, senior director of acquisitions at First National Realty Partners, said in the release. “The remaining vacancy in the center provides meaningful upside for our investors. The property also includes one of the top Pennsylvania Department of Transportation locations in the state, which helps drive traffic to the center.”

Moove In Self Storage acquires Massachusetts-based company 

York-based Moove In Self Storage acquired a Northampton, Massachusetts-based self-storage company, adding more than 650 storage units to the company’s portfolio. 

The Hamptons Self Storage joins Moove In’s 44 locations across Pennsylvania, Maryland, New Jersey, Connecticut, Iowa and Massachusetts.  

The storage facility opened in April 2021 and is located across the street from one of Moove In’s already existing properties. The 650 units include 75,450 square feet of storage space. 

Moove In plans to combine the former Hamptons Self Storage with its three other properties in Northampton after purchasing 5.25 acres of land adjacent to the site. 

“With the addition of this property and land acquisition, we are able to offer our Northampton customers yet another trusted location for safe self-storage,” said Brian Foran, director of operations for Moove In. “The Northampton community has always been welcoming to our presence, so offering this property, which is a brand-new building and additional land, allows us to give back to them. We are eagerly anticipating the addition of a parking component on the 5.25 acres of vacant land in the near future, so that we are able to offer vehicle storage, which is very exciting to the community. “ 

Lancaster security company sells to Atlanta-based competitor  

Lancaster-based commercial and residential security services firm, Yarnell Security Systems, was acquired this month by Atlanta-based Pye-Barker Fire & Safety. 

Yarnell, ranked among the top 100 alarm companies in the country, serves over 10,000 customers annually from its Lancaster headquarters and employs 47 people. 

The company joins Pye-Barker, a fire protection and life safety leader with over 110 locations and 3,000 employees. 

“For over 50 years, the Yarnell family has protected their community and cared for their employees as if they were their own family,” said Bart Proctor, CEO of Pye-Barker Fire. “That’s a core value shared by Pye-Barker. We’re excited to grow our alarm servicing business with the Yarnell Security Systems team.” 

Yarnell provides 24/7 monitoring of commercial and residential fire, security, CCTV and access control systems staffed by security personnel located in the midstate. The company was founded in 1967. 

As part of the acquisition, Yarnell will retain its name and teams. Pye-Barker said it will be looking at ways on the backend to integrate systems between the companies. 

Neither company has disclosed the details of the deal.

RKL to merge with Chambersburg-based public accounting firm 

Lancaster-based advisory firm RKL will expand into Franklin and Adams counties following a newly announced merger with Chambersburg-based Rotz & Stonesifer P.C. 

The deal, announced Tuesday, will see Rotz & Stonesifer’s offices in Chambersburg, Greencastle, East Berlin and York, join under the RKL name. The merger brings the firm to 12 Pennsylvania locations. 

Rotz & Stonesifer’s certified public accountants provides wealth management, auditing, controllership, tax planning, payroll and more. The firm was founded in 1986. 

“Rotz & Stonesifer has built a respected legacy of expertise and excellence in South Central Pennsylvania, and we are proud to unite under the RKL banner to continue this success,” said Ed Monborne, RKL CEO. “This merger is an exciting opportunity to advance our firm’s strategic growth objectives and introduce RKL to new communities in South Central Pennsylvania and beyond.” 

More than 50 Rotz & Stonesifer employees, including four partners, will join RKL’s team of 500 employees. Joining RKL will provide the opportunity for Rotz & Stonesifer’s professionals and clients to benefit from the firm’s specialized services, innovative approach and entrepreneurial spirit, said Lynn Rotz, president, CEO and managing shareholder of Rotz & Stonesifer. 

“Together, we’re excited to invest in the trusted relationships developed over the past three decades and help even more organizations reach the next level,” said Rotz. 

Buchart Horn buys State College engineering firm 

York-based architecture and engineering firm Buchart Horn has acquired Uni-Tec Consulting Engineers in State College, a firm specialized in water, wastewater and municipal engineering, as well as land development, systems commissioning and energy services. 

Uni-Tec’s staff will join Buchart Horn’s staff at its office in State College. 

“Uni-Tec’s strengths and values align with those of Buchart Horn and will allow us to not only expand our client base, but also provide additional expertise for existing clients,” said Brian Funkhouser, Buchart Horn CEO. “We are excited to take advantage of each other’s professional skills and see what we can accomplish together.” 

Pat Ward, former Uni-Tec president and CEO, will continue to focus on the long-term client relationships he built at Uni-Tec, Buchart Horn wrote in a press release. 

“Uni-Tec is highly regarded for their work and further enhances Buchart Horn’s engineering capabilities, especially in the area of water resources engineering.” said Scott Russell, senior vice president of water resources at Buchart Horn. “We value the work ethic and strong relationships behind Uni-Tec’s success and feel fortunate to welcome Pat and his knowledgeable staff to the BH team.” 

HB Global acquires Rochester-based mechanical and plumbing contracting company 

HB Global announced this week that it has purchased a Rochester, NY-based mechanical and plumbing contracting company. 

Harrisburg-based HB Global oversees nine mechanical, electrical and plumbing contracting divisions across the country and will be adding The Bell Company as its 23rd acquisition in 10 years. 

The Bell Company manages three subsidiaries including Bell BCI Company, Bell Constructors and John P. Bell & Sons across Charleston, SC; Richmond, VA and Baltimore, MD. 

“The purchase of The Bell Company allows us to further our mission by meeting our financial objectives and creating value for our employee owners.,” said Sal Bauccio, HB Global’s president of commercial business. “They are a trusted leader in their markets with similar values and deliver a high level of craftsmanship with additional industry experience. We welcome their entire employee base into our employee ownership model.” 

The Bell Company is a provider of heavy, complex mechanical and plumbing construction projects throughout the East Coast. It has a clientele base that includes health care facilities, research labs, data centers and more. 

The company’s revenue last year was approximately $80 million. Through the acquisition, HB Global will bring on 240 Bell Company employees.