Category Archives: Investor News

Customers Bancorp recognized for performance

Wyomissing-based Customers Bancorp Inc., parent company of Customers Bank, has been recognized as the top-performing bank in Pennsylvania by Bank Director Magazine’s 2017 Bank Performance Scorecard. Share

Rentokil merges with Virginia based company

Reading-based Rentokil Steritech North America, one of the country’s largest pest control companies, has merged with a Virginia exterminator company, according to news reports. Connor’s Termite and Pest Control of Springfield was founded in 1974 and serves residential and commercial customers in the northern Virginia/Washington, D.C. area. The merger adds nearly 100 new full-time employees,  Continue Reading »

Kinsley Construction awarded $17.8 million contract for Ashley Furniture expansion

Kinsley Construction Inc. has been selected by Ashley Furniture Industries to provide design and construction services for a 465,000-square-foot addition to their furniture warehouse and production facility in Leesport, Pennsylvania. This expansion will increase the total area to 1.7 million square feet and enhance Ashley’s ability to fulfill e-commerce orders. This gives Ashley a better  Continue Reading »

EnerSys inks $60M deal to sell cells, batteries to space industry

Reading based-EnerSys, one of the largest industrial battery makers in the world, has a $60 million deal to supply lithium-ion cells and batteries to multiple space agencies and equipment manufacturers. Share

Penske Truck Leasing to Acquire Old Dominion Truck Leasing

Penske Truck Leasing announced it has entered into an agreement to acquire Richmond, Virginia-based Old Dominion Truck Leasing. Financial terms were not disclosed. “Old Dominion Truck Leasing and Penske Truck Leasing customers will benefit from synergies in our products, technology, and services available across our combined network of facilities,” said Brian Hard, president and CEO,  Continue Reading »

Kinsley ranks among top 400 contractors nationwide

Engineering News-Record announced its ENR 2017 Top 400 Contractors List this May. Kinsley Construction, Inc. moved 29 spots from last year, jumping from #172 in 2016 to #143. The Top Contractors list is published annually, and ranks the general contractors, both publicly and privately held, based on construction contracting-specific revenue. Kinsley Construction is a family  Continue Reading »

Reading Health System to purchase five hospitals, change name

The Reading Health System has signed an agreement to purchase five Pennsylvania hospitals and plans to change its name – Tower Health. Reading Health System and subsidiaries of Tennessee-based Community Health Systems have signed an asset purchase agreement for Reading Health to acquire Pottstown Memorial Medical Center, Pottstown; Brandywine Hospital, Coatesville; Phoenixville Hospital, Phoenixville; Jennersville  Continue Reading »

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