Latest Philadelphia business news

BB&T to Acquire Crump Divisions for $570M

 

ROSELAND, N.J. -- BB&T Corporation (NYSE: BBT) has reached an agreement to acquire the life and property and casualty insurance operating divisions of Roseland, N.J.,- based Crump Group Inc. for $570 million. Crump is a wholesale distributor of life insurance and one of the largest providers of wholesale commercial insurance brokerage and specialty programs in the U.S. Under the terms of the agreement, BB&T will acquire Crump...

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Draper Triangle Ventures Joins $3M Series B for OnShift

CLEVELAND, OH -- OnShift, a staff scheduling and shift management software company, has closed a $3 million series B financing round.

The round was led by a client of West Capital Advisors, LLC and included participation from OnShift's institutional investors Draper Triangle Ventures, Early Stage Partners, and Glengary LLC.

The funding will be used to accelerate OnShift's sales and marketing strategies and expand its presence in the healthcare...

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