Acquisitions in Pennsylvania in 2011

eBay Inc. completed its acquisition of GSI Commerce, purchasing all outstanding shares for $29.25 per share (approximately $2.4 billion) and making GSI a separate business unit. The deal included subsequent divestitures of GSI's licensed sports merchandise business and partial interests in ShopRunner and Rue La La to a holding company led by GSI founder Michael Rubin.

Channel Intelligence (CI) has acquired ClickEquations, a paid-search advertising platform that serves large advertisers and search agencies. The deal, completed June 13, 2011, adds ClickEquations' keyword-based paid-search capabilities to CI’s existing product-search and online marketing services; terms were not disclosed.

Heckethorne Manufacturing Company, a portfolio company of Renovo Capital (co-owned with Rosewood Private Investments), has acquired substantially all assets of Erisco Industries Inc. The deal adds Erisco’s wire-formed product manufacturing capabilities and facilities in Erie, Pennsylvania and Monterrey, Mexico to Heckethorne’s operations, expanding manufacturing capabilities and geographic footprint; senior debt financing was provided by First Tennessee Bank.