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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-11-17 Kanawha Scales & Systems
Machinery
Poca, West Virginia
www.kanawhascales.com

Kanawha Scales & Systems is a provider of weighing calibration and repair services, and automation solutions that support mission-critical operations. Kanawha Scales & Systems was founded in 1954 and is based in Poca, West Virginia.

Advisors: Benesch, Friedlander, Coplan & Aronoff , Gibson, Dunn & Crutcher , Lincoln International
Divestiture

Investcorp
Investor
Asset Manager
Manama, Bahrain
www.investcorp.com

Advisor: Stifel

American Equipment
Company
Distribution
Salt Lake City, Utah
www.amquipinc.com

Deal Article Deal Link  
2025-10-01 Victor
Information Technology
Fairmont, West Virginia
www.victorfi.com

Victor provides banking technology solutions that simplify direct Bank-Fintech partnerships. The company's APIs help technology companies and corporations embed financial solutions within their product offerings and its platform tools help banks manage fintech partnerships and compliance at scale. Victor is based in Fairmont, West Virginia.

Divestiture

Jack Henry
Company
Information Technology
Monett, Missouri
www.jackhenry.com

MVB Bank
Company
Financial Services
Fairmont, West Virginia
www.mvbbanking.com

Deal Article Deal Link  
2022-12-21 Grant County Mulch's Bagging Assets
Business Services
Petersburg, West Virginia

Grant County Mulch's Bagging Assets comprise five bagging facilities based in West Virginia.

Divestiture

Oldcastle Architectural, Inc.
Company
Building Materials
Atlanta, Georgia
www.oldcastleapg.com

Grant County Mulch
Company
Business Services
Petersburg, West Virginia
www.grantcountymulch.com

Deal Article Deal Link  
2022-12-02 Business Services Group - Payroll Clients
Business Services
Bruceton Mills, West Virginia

Business Services Group's Payroll Clients provides payroll solutions to West Virginia and Pennsylvania.

Divestiture

CAVU HCM
Company
Staffing
Peoria, Illinois
www.cavuhcm.com

Business Services Group
Company
Business Services
Bruceton Mills, West Virginia
www.bsgwv.com

Deal Article Deal Link  
2022-08-08 Maben Coal
Metals/Mining
Mullens, West Virginia

Maben Coal consists of approximately 33 million tons of minable coal on over 28,000 leased acres of property containing various areas of high-quality low vol met coal in the Pocahontas 3, Pocahontas 4, Sewell, and Pocahontas 6. Maben Coal is based in Mullens, West Virginia.

Divestiture
Value

$30

Ramaco Resources
Company
Metals/Mining
Lexington, Kentucky
www.ramacoresources.com

Appleton Coal
Company
Metals/Mining
Charleston, West Virginia

Deal Article Deal Link  
2022-05-11 Marsh Bellofram - Servotek and Westcon Product Lines
Manufacturing
Newell, West Virginia

Marsh Bellofram's Servotek and Westcon Product Lines include Servotek TachSyn brushless DC tachometer and commutators, instrument-grade DC tachometers, and rotary encoders. The products are for a variety of industrial and aerospace applications. Westcon AC/DC tachometers support diverse industries such as aviation, marine, mining, oil, and gas production.

Divestiture

Ontic
Company
Aerospace
Chatsworth, California
www.ontic.com

Marsh Group Of Companies
Company
Test/Measurement Equipment
Newell, West Virginia
www.marshbellofram.com

Deal Article Deal Link  
2022-02-11 Hope Gas
Utilities
Clarksburg, West Virginia

Hope Gas provides reliable and affordable natural gas, safely, to the people and businesses of the Mountain State. It has been a pioneer in the natural gas sector, taking part in the construction of one of America's first interstate pipelines, which originated in Wetzel County, and building the country's first extraction plant at Hastings. Hope Gas was formed in 1898 and is based in Clarksburg, West Virginia.

Divestiture
Value

$690

Ullico
Company
Financial Services
Washington, District of Columbia
www.ullico.com

Dominion Energy
Company
Utilities
Richmond, Virginia
www.dominionenergy.com

Advisors: McGuireWoods , J.P. Morgan Securities

Deal Article Deal Link  
2021-04-23 MVB Bank’s Southern West Virginia Community Banking Operations
Financial Services
Charleston, West Virginia

MVB Bank’s Southern West Virginia Community Banking Operations includes full service banking centers located at: 400 Washington Street East, Charleston; 3754 Teays Valley Road, Hurricane; 660 Central Avenue, Barboursville; and 999 4th Avenue, Huntington. In addition, Summit will acquire MVB Bank’s drive-up banking locations at 6441 Farmdale Road, Barboursville, and 940 5th Avenue, Huntington.

Divestiture

Summit Financial Corp.
Company
Financial Services
Burlington, Massachusetts
www.summitfinancialcorp.com

Advisor: Bowles Rice

MVB Bank
Company
Financial Services
Fairmont, West Virginia
www.mvbbanking.com

Advisor: Squire Patton Boggs

Deal Article Deal Link  
2020-07-27 Ashland, Inc. - Maleic Anhydride Business
Chemicals
Neal, West Virginia

Ashland, Inc. - Maleic Anhydride Business is manufactured industrially on a large scale for applications in coatings and polymers.

Divestiture
Value

$100

AOC Materials LLC
Company
Chemicals
Memphis, Tennessee

Ashland
Company
Chemicals
Wilmington, Delaware
www.ashland.com

Advisors: Squire Patton Boggs , Citi

Deal Article Deal Link  
2020-05-21 Invenergy Renewables LLC - Beech Ridge II Wind Facility
Renewable Energy
Greenbrier County, West Virginia

Invenergy Renewables LLC - Beech Ridge II Wind Facility is a 56-megawatt (MW) renewable project in the Mid-Atlantic region. The project was developed by Invenergy and utilizes 20 wind turbines manufactured by GE Renewable Energy.

Divestiture

Southern
Company
Utilities
Atlanta, Georgia
www.southerncompany.com

Invenergy Renewables
Company
Renewable Energy
Chicago, Illinois
www.invenergyllc.com

Deal Article Deal Link  
2020-05-11 Gauley River Power Partners
Renewable Energy
Summersville, West Virginia

Gauley River Power Partners operates an 80 megawatt hydroelectric generating facility in Summersville, West Virginia. The facility supplies reliable, zero-carbon energy to customers in the Mid-Atlantic region.

Divestiture

Hull Street Energy
Investor
Private Equity Firm
Bethesda, Maryland
www.hullstreetenergy.com

Advisor: Baker Botts

Enel Green Power North America, Inc.
Company
Renewable Energy
Andover, Massachusetts

GE Energy Financial Services
Company
Financial Services
Stamford, Connecticut
www.gecapital.com/energy-financial-services

Deal Article Deal Link  
2020-04-24 MVB Financial Corp. - Four WV Eastern Panhandle Banking Centers
Financial Services
Martinsburg, West Virginia

MVB Financial Corp's Four WV Eastern Panhandle Banking Centers operates banking services with three of the offices are in Berkeley County (651 Foxcroft Ave., Martinsburg; 231 Aikens Center, Martinsburg; and 5091 Gerrardstown Road, Inwood) and one is in Jefferson County (88 Somerset Boulevard, Charles Town).

Divestiture

Summit Financial Corp.
Company
Financial Services
Burlington, Massachusetts
www.summitfinancialcorp.com

MVB Bank
Company
Financial Services
Fairmont, West Virginia
www.mvbbanking.com

Deal Article Deal Link  
2019-10-08 Whirlwind Storage - Two Locations
Real Estate
Huntington, West Virginia

Whirlwind Storage - Two Locations are Hurricane and Charleston offer clean, secure facilities featuring a total of 96 HD security cameras monitoring the premises. Both locations offer climate-controlled storage with the Hurricane location featuring a mix of climate-controlled and drive-up storage units with keypad access. Whirlwind Hurricane is located at 100 Self Storage Drive.

Divestiture

StayLock Storage
Company
Real Estate
St. Louis, Missouri
www.staylockstorage.com

Whirlwind Storage
Company
Real Estate
Huntington, West Virginia
www.whirlwindstorage.com

Deal Article Deal Link  
2018-08-30 Resolute Forest Products, Inc. - Resolute Forest Products Recycled Pulp Mill
Forest Products
Fairmont, West Virginia

Resolute Forest Products, Inc. - Resolute Forest Products Recycled Pulp Mill is engaged in the business of manufacturing and distributing recycled pulp used in a wide range of products, from packaging to tissue paper. Located in the northern part of West Virginia, the Mill has an annual production capacity of approximately 218,000 metric tonnes, and is one of three pulp mills in the world that produces air-dried recycled pulp.

Divestiture
Value

$55

ND Paper LLC
Company
Forest Products
Oakbrook Terrace, Illinois
www.us.ndpaper.com

Resolute Forest Products
Company
Forest Products
Montreal, Quebec
www.resolutefp.com

Deal Article Deal Link  
2017-06-19 Gateway Telecom LLC - StratusWave Communications
Communications
Wheeling, West Virginia

Gateway Telecom LLC - StratusWave Communications is a provider of telecommunication services.

Divestiture

Citynet LLC
Company
Communications
Bridgeport, West Virginia
www.citynet.net

Gateway Telecom LLC
Company
Communications
Wheeling, West Virginia

Deal Article Deal Link  
2016-10-10 MSES External Corrosion Products
Energy Services and Equipment
Clarksburg, West Virginia

MSES External Corrosion Products is a provider of energy products and services in US.

Divestiture

American Innovations Ltd.
Company
Business Services
Austin, Texas
www.aiworldwide.com

MSES Consultants, Inc.
Company
Business Services
Clarksburg, West Virginia
www.msesconsultants.com

Deal Article Deal Link  
Avg $154
0.0x EBITDA
0.4x REVENUE

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