General

Gov. Rendell Marks Significant New Economic Progress

GREENSBURG – Governor Edward G. Rendell said four recent investments in Westmoreland County show how Pennsylvania is using its resources to create hundreds of new jobs and transform places like Latrobe, West Newton and Belle Vernon. In Belle Vernon, an alternative energy manufacturer has pledged to create almost 400 new jobs within three years and…

PNC Mezzanine takes $20M stake in management buyout

PNC Mezzanine Capital has staked the management buyout of BoltTech Inc., a Westmoreland County developer of bolting applications for industrial plants and refineries, with a $20 million investment of its own. The transaction enabled BoltTech founder Harry Knopp Sr. to cash out of the business he started in 1979, gives his sons and new CEO…