Commerce
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Glenside’s Solar Light Company Releases New Line of Touch Screen Controllers
Glenside-based Solar Light Company – a leading global provider of solar simulators, UV transmittance analyzers, and radiometers – has released a new line of DCS-2 Touch Screen Controllers. These controllers/meters have a new slim design and color scheme that matches the company’s new and existing simulators, one of which specifically includes the 601 v.2.5 model.…
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Fort Washington’s Kappa Media Acquires Wisconsin Printer
Fort Washington’s Kappa Media has acquired the business, assets, and printing facility of Times Printing in Random Lake, Wisc., writes Erik Cagle of Printing Impressions magazine. Times Printing is a full-service provider of color printing services for magazines, catalogs, and other publications. The new entity will continue to do business as Times Printing and will…
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KOP’s Hyatt Place Acquired for $13 Million; Renovations Planned
King of Prussia’s Hyatt Place hotel has been acquired for $13 million by DoveHill, a real-estate investment firm, and its partner, Wurzak Hotel Group, writes Kenneth Hilario of the Philadelphia Business Journal. Wurzak, which has operations in Philadelphia and now has a portfolio of five hotels in the area, assumed management of the 129-room hotel,…
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KOP’s ImageFIRST Cooks for Ronald McDonald House
Associates of ImageFIRST, which has corporate headquarters in King of Prussia, cooked for the Ronald McDonald House as guest chefs last March. ImageFIRST is the largest and fastest-growing national linen rental and laundry service specializing in the outpatient medical market. The Ronald McDonald House is a charity dedicated primarily to providing comfortable housing to the families…
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KOP-Based Goddard School Announces Teachers of the Year
King of Prussia’s Goddard Systems, Inc., franchisor of The Goddard School, the nation’s premier preschool focusing on learning through play for children six weeks to six years old, has announced its honorees for its 10th annual Teachers of the Year award. In celebration of National Teacher Appreciation Week (May 2-6), GSI has acknowledged more than…
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Horsham’s Workspace Property Trust Has Strong First Quarter
Workspace Property Trust, a leading real-estate investment firm based in Horsham, announced the completion of 13 lease transactions in the first quarter of 2016, comprising over 150,000 square feet of space. These significant lease transactions are indicative of the strong demand for office/flex space in the vibrant Horsham submarket. “Since acquiring this portfolio in early…
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Horsham’s AAMCO Franchise Named Best-Bet Investment Opportunity
AAMCO, the transmission-repair franchise based in Horsham, has again been named to Franchise Gator’s prestigious annual list of Top 100 Franchises to invest in for 2016. The AAMCO franchise is the rare, time-tested legacy brand that remains committed to innovation and trusted by consumers, and its proven business model continues to garner recognition in the…
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Bryn Mawr Bank Corporation Bounces Back in First Quarter
After a rare, fourth-quarter loss, Bryn Mawr Bank Corporation has bounced back with a net income of $8.3 million in the first quarter of 2016, writes Jeff Blumenthal of the Philadelphia Business Journal. The loss at the end of last year was due to a previously announced $17 million charge to terminate the company pension…
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Fort Washington’s Madrigal Pharmaceuticals Procures $3.4 Million in Debt Financing
Fort Washington’s Madrigal Pharmaceuticals has procured $3.4 million in debt financing, according to a filing with the Securities and Exchange Commission, writes John George of the Philadelphia Business Journal. According to George, the biopharmaceutical company has previously entered into an all-stock reverse merger deal with Synta Pharmaceuticals valued at about $60 million. The merger is…
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KOP’s Universal Health Services Buys Out Minority Owners of its Las Vegas Hospitals
The performance of its six acute-care hospitals in the Las Vegas region has prompted Universal Health Services to buy the minority ownership held by a third party, writes John George of the Philadelphia Business Journal. According to George, the payment of $445 million by the hospital-management company based in King of Prussia includes both the…
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Property at Village of Valley Forge Selling Like Hotcakes
At this stage in the development of the Village of Valley Forge, six parcels totaling about 30 acres remain available out of a total of 130, writes Natalie Kostelni of the Philadelphia Business Journal. Over the last five or so years, sites have sold to different developers who have pursued a variety of projects. More…
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Conshohocken’s AlliedBarton Security Services Merges with California Company
AlliedBarton Security Services, based in Conshohocken, has announced its merger with Universal Services of America, which operates out of Santa Ana, Calif., writes Alison Burdo of the Philadelphia Business Journal. The new company will be named AlliedUniversal and offer more than 140,000 security guards, technological security solutions, and other services that include janitorial and emergency…
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Upper Moreland’s Double Eagle Malt Intent on Changing Beer Game
Very little of the barley and other malted grains in the beer and spirits consumed in Greater Philadelphia is actually from the region. However, Double Eagle Malt, a craft maltster based in Upper Moreland Township’s Huntingdon Valley, is on a mission to change that, writes Harold Brubaker of Philly.com. Double Eagle Malt buys grain from…
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Job Growth Rising to Record Levels in Montgomery County
The 2008-2009 recession left its mark on Montgomery County, but thanks to new jobs created in construction, health care, and professional services, the area is about to see its best employment growth in years, writes Harold Brubaker for the philly.com. The predicted gains in employment should push job growth up to two percent this year,…
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Kids Try Their Hand at Pottstown’s Traffic, Planning, & Design Work
Young minds put their engineering pedigrees to the test last week by learning first-hand about the importance of engineering and STEM education. Nineteen children of Traffic Planning & Design (TPD) parents went to work in Pottstown on April 28 as part of National Take Our Daughters and Sons to Work Day. The TPD experience built…
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Montgomery County Careers – AlliedBarton Security Services
Headquartered in Conshohocken, AlliedBarton Security Services is the industry’s premier provider of highly trained security personnel to many industries, including commercial real estate, higher education, healthcare, residential communities, chemical/petrochemical, government, manufacturing and distribution, financial institutions, and shopping centers. More than 60,000 employees and 120 offices serve thousands of clients with levels of protection that anticipate…
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Unisys Secures Huge Contract from Merck
Unisys, the global information technology provider based in Blue Bell, has announced that its subsidiary in Germany has won a new five-year contract to provide Merck with end-user IT services for its 48,000 employees worldwide. Under the new contract, Unisys will provide the global pharmaceutical, chemical, and life sciences company with global service desk, unified…
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Purchasers of East Norriton Hospital to Invest Millions in Capital Improvements
The Prime Healthcare Foundation, the purchaser of Suburban Community Hospital in East Norriton, has committed to invest $40 million in capital improvements at the hospital over the next five years, writes Justin Heinze of the Norristown Patch. The hospital, purchased from Mercy Health System, will retain its not-for-profit status as a member of the Prime…
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