rss icon

Finance (208)

Federal regulators hit Lighthouse Title Inc. with a $200,000 fine for what the company’s president says has been a common industry practice that’s now at a “watershed moment.”

Buying a family-owned business requires much more than settling on the right price, mergers and acquisitions professionals say.

Bankers in West Michigan say that in just a few short years, mobile banking through tablet and smartphone apps has grown to become a service that they must offer for customer convenience.

The new financial institutions practice formed by Charter Capital Partners LLC in Grand Rapids seeks to tap into an emerging consolidation trend involving community banks.

Grand Rapids-based Founders Financial Corp. had always expected Founders Bank & Trust to remain an independent community bank, but a key deal for an Ann Arbor lender in January convinced directors to re-evaluate their plans.

Perrigo Co.’s blockbuster $8.6 billion deal for Elan Corp. took just six weeks to put together.

The structure of the “transformational” merger last year that created SpartanNash Inc. set the Byron Center-based company on a course to take advantage of the growing consolidation trend in the supermarket industry.

A year ago, David Kennedy and David Bubnar found themselves facing a major decision.

As the automotive sector continues on the road to recovery, companies in the supply chain have looked for ways to add capacity, either through new facilities or by acquiring other suppliers.

A complementary deal between two manufacturers in the niche of high-end, luxury furniture has paid off for the more than a century-old Kindel Furniture Co. LLC.

Lambert, Edwards & Associates Inc.’s acquisition in April of Lansing-based Sterling Corp. thrust the Grand Rapids-based public relations and investor relations firm into a new service area: public affairs and legislative communications.

Working on Wall Street at JPMorgan Chase & Co., Christopher Roop was asked a few years ago by a colleague if he knew of anyone from his days at the former Bear Stearns who was still looking for work.

In a 13-month period from July 2013 to August 2014, Acrisure LLC completed 25 acquisitions that took the insurance and benefits firm from $40 million in annualized revenue to more than $200 million. At the same time, it expanded its geography from three states to 14.

Gordon Lewis worked on his first bank merger 40 years ago as a first-year associate at Warner Norcross & Judd LLP.

When times were tough, West Michigan advisers found deals were scant and there were but a few investments to arrange.

Serial buyers: 2014

Written by | Sunday, 28 September 2014 22:00 |

Since the beginning of 2013, several of the West Michigan region’s public companies have been gobbling up acquisitions at a rapid pace. The half-dozen companies below have been among the most active, completing 30 acquisitions with a combined value of more than $12.9 billion over the past 21 months.   

December 2014
S M T W T F S
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Birgit Klohs - Lifetime Achievement Video

Follow MiBiz