Business Notes: CertifiKID acquires Macaroni Kid
Plus: TL Transportation laying off up to 70 workers in Rockville; Revere Bank finishes transitioning to Sandy Spring Bank
CertifiKID acquires Macaroni Kid
Potomac-based CertifiKID, a website that offers discounts on activities for children and families, has acquired the digital media company Macaroni Kid, according to a press release on Tuesday.
Jamie Ratner started CertifiKID with her husband, Brian, in 2010. In the past decade, the business has become a $6 million-plus-per-year business according to the press release. Last year, the Ratners appeared on the reality show “Shark Tank.”
Eric Cohen and his wife, Joyce Shulman, founded Macaroni Kid in 2008. Local parents publish electronic newsletters with information about activities for children in communities across the country.
Brian Ratner said in the press release that the national exposure from CertifiKID’s television appearance helped the company grow “exponentially” for the past year.
“Our acquisition of Macaroni Kid builds on this success by providing broader resources and more nationwide and hyperlocal capability that are truly unparalleled in the industry,” he said.
Jamie Ratner said in the press release that she thinks that the acquisition of Macaroni Kid will help parents during the COVID-19 pandemic.
“During this time when the local experience market is being severely impacted by COVID-19, we saw an opportunity to connect parents with products and services that will help them get through this challenging time at home with their kids,” she said.
According to the press release, the acquisition means that CertifiKid will be one of the largest digital media and advertising companies in the United States.
TL Transportation laying off up to 70 workers in Rockville
TL Transportation is laying off up to 70 workers in Rockville, according to a notice filed last week with the Maryland Department of Labor.
Annapolis-based TL Transportation filed a notice Aug. 12 under the federal Worker Adjustment Retraining Notification (WARN) Act, which requires some employers to give advance notice of business closures and mass layoffs.
According to the filing, the layoffs are due to the loss of a contract, and take effect Oct. 15.
Shirley Washington, a human resources manager for TL Transportation, declined to comment on the layoffs.
The address listed on the layoff notice, 861 E. Gude Drive, matches the address for an Amazon delivery station. TL Transportation advertises itself on its Facebook page as an “authorized delivery partner and service provider” for Amazon.
Revere Banks finish conversion to Sandy Spring Banks
Olney-based Sandy Spring Bancorp, Inc, the parent company of Sandy Spring Bank, announced Monday that it has finished the transition of all Revere Bank systems to Sandy Spring Bank.
All banks have now been branded as Sandy Spring Bank. Former clients of Revere now have access to Sandy Spring’s banking services, according to a press release on Monday.
Sandy Spring Bank announced nearly a year ago that it acquired Revere Bank for more than $460 million. The acquisition took effect on April 1.
Monday’s press release stated that Sandy Spring Bank is now the largest bank headquartered in the greater Washington, D.C., area, with combined assets of more than $13 billion.
North Bethesda accounting and consulting firm names new executives
Dembo Jones, an accounting and consulting firm based in North Bethesda, announced last week that it has named James K. Green and Brent A. Croghan as co-CEOs.
According to a press release, Green will continue to lead the firm’s professional services practice. Croghan will be in charge of the its not-for-profit practice.
The press release also stated that Dembo Jones had named Daniel B. Geehreng as its chief financial officer. Geehreng will stay in charge of Dembo Jones’ construction practice, the press release stated.
Sage Consignment closing in Kensington this month
Sage Consignment in Kensington will close by Aug. 24, the store posted on its Facebook page on Aug. 6. The store, at 3734 Howard Ave., has been in business for 12 years and will keep an online presence, the post stated.
The physical store is having a closing sale, according to the post.
Dan Schere can be reached at email@example.com