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Tag: Chicago

Azzur Labs expands into Chicago area

Azzur Labs, which is headquartered in Schnecksville, is expanding into a new location in Chicago.

The Chicago Lab, which will be run by Cecil Runyon, will be opening in the third quarter of 2021 to meet the company’s growing demand for professional analytical testing and consulting services for the pharmaceutical, biotechnology and health care industries in that region.

Runyon had been running Azzur’s Raleigh-based operation, which it established in 2018.

Jorge Marques Signes will be taking over the Raleigh-based operations.

“Azzur Labs is excited to welcome both Cecil and Jorge as leaders on our team,” said Kym Faylor, President of Azzur Labs. “They both play an integral role in our ability to grow alongside our valued clients and the rapid growth of the life science industry.”

With full-scale operations in the Lehigh Valley, Boston, Chicago, Dallas, Raleigh, and San Diego, Azzur Labs provides professional analytical compliance testing and consultative services for the pharmaceutical, biotechnology, and medical device industries.

Customers Bank is expanding into Orlando, Dallas and Chicago

Customers Bank, headquartered in West Reading, is expanding to Florida and Texas and extending its presence in the Midwest. The bank will open branches in Orlando, Dallas, and Chicago, according to a release.

Customers Bank specializes in serving the needs of small and medium business enterprises with revenue from $5 million and $100 million. Products and services include financing for working capital, owner-occupied real estate and investment real estate.

The bank’s teams have industry expertise in such areas as financial and investment management; property management and related associations; medical, dental and veterinary practices; private schools and colleges; transportation and logistics; and financial technology/specialty finance.

To support the Small Business Association’s Paycheck Protection Program, Customers Bank introduced a hybrid financial technology model that enabled the bank to participate in more than 314,000 approved PPP loans worth a total of more than $9.6 billion.

As of March 31, Customers Bank, a subsidiary of Customers Bancorp Inc., had assets of approximately $18.8 billion.

Penske Logistics to acquire Chicago trucking company

Reading-based Penske Logistics said it is acquiring trucking company, Black Horse Carriers Inc. of Chicago.

“The Penske organization has had a longstanding and valued relationship with Black Horse Carriers for many years,” said Marc Althen, president, Penske Logistics. “This acquisition will be complementary to our existing portfolio of customers and industries within our dedicated contract carriage business. We look forward to working with the Black Horse Carriers team on this acquisition and the integration of our operations.”

Black Horse Carriers, which was founded in 1925, is a privately held trucking company that provides services to the food and grocery, retail, bakery, dairy, manufacturing and automotive industries.

The company currently employs more than 4,000 people, operates a trucking fleet of more than 2,000 vehicles, and services customers from more than 90 terminals across the United States.

“We’re very excited about joining the Penske organization,” said Ken Landego, CEO of Black Horse Carriers Inc. “The synergies created by the combination of both companies will benefit our customers from a service-level standpoint and elevate our technology capabilities. We look forward to this new journey together.”

Closing of the deal is expected by Dec. 31 pending approvals.

Terms of the deal were not disclosed.

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