OEP SPAC Announces Pricing
One Equity Partners Open Water I Corp., a blank check company sponsored by affiliates of private equity firm
One Equity Partners and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, has announced the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit
The units will be listed on the
Nasdaq, trading under the ticker symbol
OEPW.U beginning January 22. Each unit consists of one share of Class A common stock of the company and one-third of one warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock of the company at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on th
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Vistria and Excellere Buy SCA Pharma
The Vistria Group and
SCA Pharmaceuticals LLC, an FDA-registered outsourcing facility.
SCA Pharma serves over 1,200 hospitals and health systems in the U.S. The company provides compounded drugs that are otherwise not commercially available. SCA Pharma was previously a portfolio company of
Enhanced Healthcare Partners, a healthcare private equity firm.
“As exemplified during today’s public health crisis, SCA Pharma plays a mission-critical role in the healthcare ecosystem by providing hospitals with a reliable source of safe, ready-to-use product,” said
Jon Maschmeyer, partner at Vistria.
The leadership team will remain with SCA and
Milton Boyer will continue to serve in his current capacity as CEO. No changes are planned for the company’s daily operations.
A local women-owned utility contractor has named a new CEO.
Sherina Maye Edwards, who is on the board of INTREN, is taking over the position permanently.
Edwards, 37, has been interim CEO since September, when previous chief executive Kelly Tomblin left for a job in Texas.
“Sherina is an exceptional choice to lead this company, and as a board, we have full confidence that she will continue her record of strong leadership,” INTREN founder and Chairman Loretta Rosenmayer said in a statement. “In a short time, she has integrated herself with the company, our employees and our customers and has played a key role in the company’s future organizational and growth strategy.”
Primus Technologies on Reach Road in Williamsport. KAREN VIBERT-KENNEDY/Sun-Gazette
One of the largest employers in the county has come under new ownership in a deal announced this week.
Primus Technologies Corp., Williamsport has been purchased by Spartronics LLC, a manufacturer of electronic and electromechanical devices.
Completion of the acquisition was Dec. 31, according to Spartronics officials.
“Primus Technologies has established itself as a leader in the electronics manufacturing services space, particularly among key aerospace and defense customers,” Paul Fraipont, president and CEO of Spartronics, said. “Our investment in Primus demonstrates our ability to acquire great businesses with complementary strengths.”
“We look forward to working together with the proven team at Primus to grow Spartronics with an expanded footprint and broader capabilities. The Primus campus in Williamsport is well-suited to accommodate our growing company. We plan to relocate our