McCarthy Group Florists Announces Newest Acquisition McCarthy Group Florists, headquartered In Lackawanna County since 1952, announces the acquisition of Flowers by Edith in Lakeland FL as of May 15, 2024. Flowers by Edith began 90 years ago, and remains an iconic brand in central Florida. Kevin McCarthy, president of McCarthy Flowers, reports all current team members will be retained, and business will continue as normal in Flowers by Edith’s existing downtown Lakeland location. This latest addition brings McCarthy Flowers national store count to 33, and full time staff to over 600.
McCarthy Flowers Acquisition of Flower Shop McCarthy Flowers purchased Carter’s Flower in St Petersburg FL April 1st. This acquisition adds to the current two brands McCarthy is operating in the St Pete – Clearwater market, Jennies Flowers and Artistic Flowers. Carters opened in 1956 and has distinguished themselves in the Wedding and Event sector. Terry Hagstrom, Carter’s owner and 100% of its staff will join McCarthy’s team. Mr. Hagstrom is thrilled to have his longtime customers benefit by the McCarthy buying power, and its direct from the grower shipments, as well as the 7 day a week services. This brings the McCarthy store count to 31 nationally throughout 10 states, with a full-time staff of over 600. Kevin McCarthy, president of McCarthy Group Florists, is thrilled to add the iconic brand and fabulous team to the McCarthy Group. McCarthy Flowers has been headquartered in Lackawanna County since 1952 and remains the largest family-owned florist in the country.
Risant Health Completes Acquisition of Geisinger Risant Health has announced the completion of its acquisition of Geisinger as its first health system dedicated to increasing access to value-based care and coverage. Together, the organizations will create a new value-based care platform that includes best practices, tools, technology and services to support leading community-based health systems. Risant Health’s goal is to expand and accelerate the adoption of value-based care in diverse, multipayer, multiprovider, community-based health system environments and improve the health of millions of people in communities across the country. Through this first acquisition, Risant Health brings together Kaiser Permanente’s integrated care and coverage expertise and Geisinger’s experience in advancing value-based care in a model that includes various payers and a broad network of providers, while serving some of the most vulnerable and marginalized communities. With the close of the Risant Health and Geisinger transaction, Jaewon Ryu, M.D., J.D., who has served as Geisinger’s president and CEO since 2019, will become the first CEO of Risant Health. As announced in March 2024, Terry Gilliland, M.D., will assume the role of president and CEO of Geisinger once Dr. Ryu’s transition to Risant Health is complete. “Risant Health and Geisinger share a vision for the future of health care. Through Risant Health, we will leverage our industry-leading expertise and innovation to increase the country’s access to high-quality and evidence-based health care, which we know improves care quality and the patient and member experience,” said Risant Health’s board chair, Greg A. Adams. “We will also learn and benefit from Geisinger and the additional health systems that become part of Risant Health in the future, to help them grow in new ways, be more affordable and bring value-based care to more people.” As its inaugural health system, Geisinger will play an important role in shaping Risant Health’s strategy, platform and operational model. Geisinger will maintain its name and mission, continue accepting patients covered by other health plans and continue offering its members a broad network of care providers in addition to Geisinger. “Geisinger is proud to formally join Risant Health as its inaugural health system, which will accelerate our vision to make better health easier, more affordable and more accessible for the communities we serve,” said Dr. Ryu. “Geisinger now can extend its vision, strategy and impact to more Pennsylvanians because of the access to an expanded set of tools, expertise and capital that joining Risant Health provides.” As a part of Risant Health, Geisinger will build on its 109-year mission to care for rural and urban communities across Pennsylvania. Geisinger will have access to capital, technology and resources to fuel improvements in facilities, drive innovation and investment in patient care, and continue the expansion of Geisinger Health Plan. In the future, Risant Health’s investments to advance value-based care will accelerate Geisinger’s journey to make better health easier by offering Geisinger members enhanced health insurance options and offering patients easier access to Geisinger’s high-quality, innovative clinical programs and more robust health management technology, tools and programs. Risant Health expects to acquire 4 to 5 additional leading community-based health systems over the next 4 to 5 years. Risant Health’s value-based platform will support its health systems with a set of technology, services and capabilities designed to deliver superior health outcomes and a lower total cost of care, in diverse business models. Initial platform solutions will aid Risant Health organizations in delivering evidence-based care everywhere — the “best-of” knowledge to provide high-value, effective care at the right time. Additionally, Risant Health will help health systems and their patients know how to easily understand, access and navigate to the right care at the right time and place. Risant Health’s acquisition of Geisinger Health was reviewed and approved by the appropriate federal and state agencies and the transaction closed on March 31, 2024.
McCarthy Flowers Purchases Additional Flower Shops McCarthy Flowers, headquartered in Lackawanna County since 1952, just purchased 4 more Flower Shops in Northern Colorado – Palmer Flowers, with 3 locations, one in Ft Collins, one in Loveland, and another in Greeley CO. This iconic Floral Name began in 1976, and catapulted to become Northern Colorado’s premier florist. In addition, McCarthy Flowers also purchased Paul Wood Florist, the oldest florist in Northern Colorado, founded in 1932. Paul Wood Florist remains a fixture in downtown Ft Collins inside the oldest commercial storefront in Ft Collins. McCarthy already owns two flower shops in Colorado, Lehrers Flowers, and Newberry Brothers Florist, as well as their own wholesale Florist, Associated Wholesale Florist. Prior to the acquisition of Palmer Flowers and Paul Wood Florist, McCarthy Flowers was already the largest volume retail florist in the state. With the new four shops added, McCarthy Flowers of Colorado has double their previous baseline of sale volume. This latest acquisition brings McCarthy Flowers total store count to 30 throughout their 10 state footprint, and full time employee count to over 600. Kevin McCarthy, President of McCarthy Group Florists, says the iconic brands will continue to operate under their trusted names, and welcomes the talent pool to the McCarthy Family.
Sandvik Materials Technology Acquires Pennsylvania Extruded Tube Company Sandvik and PEXCO job fair planned May 20 and 21 International steel manufacturer Sandvik Materials Technology (SMT), headquartered in Sandviken, Sweden, is expanding its investment in northeastern Pennsylvania with the 100% acquisition of Pennsylvania Extruded Tube Company (PEXCO), located in Clarks Summit, Lackawanna County. SMT has owned 70% of PEXCO and recently acquired the remaining 30% from its partner Nippon Steel Extruded Tube, Inc (NSEXT). PEXCO has been a joint venture between SMT and NSEXT since 1993 and has approximately 86 employees at its single site in Clarks Summit, located adjacent to SMT’s tube manufacturing facility on Griffin Pond Road. PEXCO’s line of business focuses on the production of extruded steel utilizing high purity stainless steel provided from the melting facility in Sweden and is part of SMT’s tube division. The PEXCO extrusion press is the only press of its size range in the U.S. market, and it has a capacity of producing over 21 million pounds of finished product per year. According to Göran Björkman, president of Sandvik Materials Technology, taking sole ownership of PEXCO will accelerate SMT’s portfolio shift in North America. It will also strengthen SMTS position, portfolio, and ability to serve the local market, through a full alignment of PEXCO ‘s hot extrusion and cold working units on the campus near Scranton. “This allows for future investments to fully support our strategic priorities, and I am very pleased that we continue to execute on our profitable growth strategy, at the same time as we are continuing to excel our operational excellence program,” explains Björkman. “PEXCO has been very successful partnership between Sandvik and Nippon Steel Corp for almost 30 years. However, given the increased demand for higher alloyed materials, the acquisition of the remaining 30% will allow us to secure, improve and develop our ability to better serve the U.S. market,” says Michael Andersson, president of Tube Division. According to Ryan Stoa, P.E., president of PEXCO, both PEXCO and SMT have approximately 20 job openings and plan a combined job fair on May 20 from 2-6 p.m., and on May 21 from 10 a.m. to 2 p.m. on site at 982 Griffin Pond Road, Clarks Summit, PA 18411, with both white- and blue-collar roles available. Prospective candidates may also visit sandvik.com/careers if they are unable to attend. “Sandvik Materials Technology has had a presence in Pennsylvania since the early 1970s and as we expand our roles in the U.S., we aim to be the premier supplier of advanced technical stainless steel tubing and materials to the Americas market,” adds Stoa. For information on the job fair, contact Donna Sunick at 570-585-7624 or donna.sunick@sandvik.com.
TOPP Business Solutions Acquires Technic IT Group TOPP Business Solutions (TBS), one of the region’s largest family-owned office automation dealers, is expanding with the acquisition of Dunmore, PA-based Technic IT Group, LLC. “This is truly a win-win for all involved,” said Brad Lehman, TOPP Business Solutions COO. “Our goal is to expand our focus and bring our excellent products and services to all current and potential customers within the Managed IT Services regional marketplace.” Technic owner John Martines said, “When two of the best providers in the office solutions space join forces, it creates positive results for both the customers of TOPP and Technic going forward.” TBS, now in its third generation of family leadership, employs approximately 100 people who operate from its four locations in Scranton, Allentown, Montoursville and Altoona. In 2019, TBS generated over $20 million in revenue and has been providing business and office technology services to the Northeast, Central and Leigh Valley of Pennsylvania’s local industries for over 60 years. “We needed to further position ourselves as a leading force in the industry within our PA marketplace. With the addition of Technic, TBS will further solidify its position as the most advanced technology service provider available,” Chris Falzett, VP of Sales for TBS said. “It is clear our customers are changing and expect more from their vendors,” Paul Falzett, Topp Business Solutions CEO said. “Many of our current copier customers have expressed interest in having one provider to handle both their print and IT Services needs and having the Technic team join us will certainly help us deliver on those customer expectations.” TBS President Bill Truchan, an expert in the field of mergers and acquisitions, seeks to create further expansion for the company in the near future. TBS looks forward to the new relationship with Technic customers and anticipates continued growth that fulfills the TBS mission created by Angelo Falzett in 1957: Give people quality products at a fair price, provide prompt, courteous service, and develop long-term relationships with your customers.
