West Conshohocken
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Long-Term Montco Detective Hunts Down Quiet Retirement
Det. Michael Altieri has retired from public service in Montgomery County after 26 years of work in law enforcement. Dan Sokil ID’ed Altieri’s career accomplishments in the Main Line Media News. Altieri, a Norristown High School grad, started his public service career as a police officer in West Conshohocken and Bridgeport. In those early years…
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West Conshohocken Resident Spots an Eagle; Autograph Was a No-Go
Thank goodness the area’s favorite football team — or what should be the local gridiron heroes — weren’t tagged with their official biological name. Just try to imagine fans belting out a rousing rendition of “Fly, Haliaeetus leucocephalus Fly” after every touchdown. Latin aside, the creature in question is a bald eagle. In a recent…
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West Conshohocken-Based Finance Firm Realigns to Focus on Its Wealth Management Roots
West Conshohocken-based Boenning & Scattergood has divested its public finance group, with the equity capital markets group set to follow soon, writes Jeff Blumenthal for the Philadelphia Business Journal. This is part of a major realignment to refocus on the 108-year-old firm’s wealth management roots. Boenning & Scattergood is also planning to sell its brokerage…
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Large Warehouse in West Conshy Up for Sale Amidst Hot Industrial Market
The Oldies.com building in West Conshohocken that is used by its current owners to store and distribute vinyl records, compact discs, DVDs, and other collectibles, has been put up for sale amid a hot industrial market, writes Natalie Kostelni for the Philadelphia Business Journal. The property at 60 Portland Road is highly visible from the…
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Wall Street Journal: West Conshohocken Investor Was Trying to Increase Value of GameStop’s Stock Well Before Reddit Craze
John Broderick, who manages West Conshohocken-based Permit Capital, was working on increasing GameStop’s stock price long before the Reddit craze, writes David Benoit for The Wall Street Journal. Last spring, Broderick joined forces with another small-time investor, Kurt Wolf, to try and shake up the company’s board of directors because they believed GameStop’s stock was…
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Local Couple Quarantines Together 4 Months into Relationship, A Gamble That Has Paid Off
When Steve and Priscilla decided to quarantine together only four months into their relationship, alternating between their West Conshohocken and Philadelphia residences, they did not expect for it to last more than six weeks, writes Kellie Patrick Gates for The Philadelphia Inquirer. But seven months on the pair – both in their early seventies –…
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Malvern Bank House of the Week: Gorgeous French Colonial in West Conshohocken
A French colonial home with three bedrooms and three and a half bathrooms and a breathtaking view of the Schuylkill River and downtown Conshohocken is available for sale in West Conshohocken, writes Sandy Smith for the Philadelphia Magazine. The main floor of this gorgeous home is split into two large open-plan spaces. The front features…
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John Templeton Foundation Staying in West Conshohocken, Albeit in Reduced Space
After considering a possible move, the John Templeton Foundation will stay at its West Conshohocken headquarters, albeit in a reduced amount of space, writes Natalie Kostelni for the Philadelphia Business Journal. The philanthropic organization signed a new lease at its current location at 300 Four Falls for 33,698 square feet. This reduced the amount of…
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IKEA Launches New Collection That Finds Beauty in Imperfection
IKEA, the Swedish home furnishings giant which has its U.S. headquarters in Conshohocken, is launching a new collection this month that celebrates beauty in imperfection, according to a staff report from the Home Textiles Today. Inspired by a Japanese aesthetic that celebrates beauty in imperfection and by nature, the collection invites country and city residents…
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Smead Capital Management To Open East Coast Sales Hub In West Conshohocken
Smead Capital Management, the Seattle-based investment adviser, will make West Conshohocken its East Coast sales hub when it opens a new office there in January, writes Jeff Blumenthal for the Philadelphia Business Journal. The new hub will provide better services to clients along the eastern coast and reduce the time required to travel to serve…
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Two Local School Districts Likely Owe Millions to Bankers Over Market Hedging Attempt
An attempt to hedge the market backfired on two local school districts, which will most likely have to pay millions of dollars to Wall Street bankers next summer, writes Joseph N. DiStefano for The Philadelphia Inquirer. Last year, Upper Merion and Colonial districts took the advice of Public Financial Management advisers and purchased so-called interest-rate…
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Merger Between Conshohocken-Based SMG and AEG Facilities Creates World’s Largest Venue Management Company
The merger between West Conshohocken-based SMG and AEG Facilities into ASM Global will create the largest venue management company in the world, writes Suhauna Hussain for the Los Angeles Times. The new entity will be owned jointly by AEG and Onex, the private equity firm that is SMG’s parent company. ASM’s portfolio boasts more than…
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NAMI Montgomery County PA presents the 7th annual Benefit for the Brain
NAMI Montgomery County PA will be hosting its 7th Annual Benefit for the Brain November 7, 2018 at Philadelphia Marriott West, 111 Crawford Avenue, Conshohocken, PA. An event to highlight the need for both medical and non-medical research and services for mental illness. [uam_ad id=”54865″] The evening will begin at 6pm with an open cocktail…
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“Think and Grow Rich” at WorkMerk
In just weeks, Philadelphia, known as the “Cradle of Liberty” and the birthplace of our nation, will give rise to another revolutionary movement. [gap height=”10″] On October 20th, the Think and Grow Rich Institute will launch its program for the first time ever in Philadelphia. The host is WorkMerk, a company that enables the future of…
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$18.8M judgment against West Conshy medical technology company is overturned
An appeals court in Tennessee has ruled in favor of Medsurant Health, a medical technology company based in West Conshohocken, overturning a $18.8 million jury verdict. Medsurant Health had been sued in 2015 by SpecialtyCare IOM Services, which accused Medsurant of interfering with its contracts and business relationships, writes John George at bizjournals.com. [uam_ad id=”54865″] The two…
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Tiny Madrigal’s stock is soaring as it advances an experimental drug targeting NASH
Madrigal Pharmaceuticals can’t stay hidden in West Conshohocken much longer. The 7-year-old company has experienced a rapid rise in its stock price and market capitalization, which at the start of the week was at $4.4 billion. That’s billion, with a “b,” for a company with just 10 employees, writes John George in the Philadelphia Business…
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Stock price surges for small West Conshohcken drug company
Madrigal Pharmaceuticals, West Conshohocken, has experienced a rapid rise in its stock price and market capitalization, which at the start of the week was at $4.4 billion. In the past year, the company’s stock has soared from $15.50 a share to more than $300, hitting a 52-week high of $325.98 last month. It was trading at…
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Madrigal Pharma in West Conshohocken exploring sale after takeover interest
West Conshohocken-based Madrigal Pharmaceuticals Inc., with just nine employees and a market value of about $4.3 billion, is exploring a sale after receiving takeover interest from other drugmakers eyeing treatments for a liver disease linked to obesity, people familiar with the matter said. The company is working with investment bank Centerview Partners Holdings on the potential sale, the people…













































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