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North Shore-based Arconic completes sale to private equity firm

North Shore-based aerospace parts maker Arconic finalized its acquisition by private-equity firm Apollo Global Management, Inc. The $5.2 billion deal, which will take the company private, was announced in May. Arconic will continue to operate under its name and brand. “The closing of this transaction with Apollo Funds brings new

New Kensington-Arnold plans outdoor lounge, Think Tank/Brain Space room at high school

New Kensington-Arnold School District is preparing an outdoor lounge area and an interactive classroom space in the high school’s planetarium for the upcoming school year. Valley Junior-Senior High School is transforming its planetarium into a “Think Tank/Brain Space” room. Funding for the new room, amounting to $30,000, was granted to

Arconic to be purchased by Apollo Global Management

North Shore-based aerospace parts maker Arconic is being purchased by private-equity firm Apollo Global Management Inc., the company announced Thursday. The cash transaction values Arconic at an enterprise value of about $5.2 billion, according to a press release from the company. Under the agreement, Arconic shareholders will receive $30 per

Report: Arconic in talks about potential sale

Arconic Corp, the North Shore-based aerospace-parts maker with roots in the Allegheny Valley, is in talks about a potential acquisition. The Wall Street Journal reported that private-equity firm Apollo Global Management Inc. is looking into buying Arconic Corp. Apollo submitted a bid in February and has debt financing in place.

Arconic awards $30K grants to Burrell, New Kensington-Arnold school districts

New technologies and equipment will allow Valley High School students to visit places unreachable in the classroom, while Burrell High School students will use them to create products. New Kensington-Arnold will transform its high school’s planetarium into a Think Tank, while Burrell’s “Bucconomics” program will see seniors undertake an economics-based

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