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In the News (879)

Gov. Rick Snyder today appointed Grand Rapids attorney T.J. Ackert to serve on the Kent County Probate Court, according to a statement. Ackert has been a business attorney with the law firm of Miller, Johnson, Snell & Cummiskey PLC since 2007. Prior to that, he worked at Smith, Haughey, Rice & Roegge, PC.

Meijer opens 2 more Wisconsin stores

Written by | Tuesday, 04 August 2015 11:24 |

Walker-based Meijer Inc. continues to make inroads into Wisconsin.

GRAND RAPIDS — A Southwest Michigan developer sees a business opportunity in the tightening inventory of office space in the downtown Grand Rapids market. That’s why his company decided to invest in the suburbs.

WYOMING, Mich. — The proposed joint venture between Metro Health and Community Health Systems Inc. is a dead deal.

Charter Capital opens Detroit office

Written by | Monday, 03 August 2015 11:31 |

The location adds to the investment banking and M&A firm’s existing offices in Grand Rapids, Kalamazoo and Mishawaka, Ind.

Bloomfield Hills-based JBD Acquisition Corporation has acquired its second West Michigan property in six months. Principal J.B. Davies bought Grand Rapids industrial property Grand Rapids Corporate Center at 3516 Roger B. Chaffee Drive SE in Wyoming last month for a reported $2 million.

With a steadily growing business in an increasingly revitalized neighborhood, the owner of a popular East Hills restaurant sees an opportunity to grow without increasing the physical footprint of his building.

Holland-based Trendway Corp. has a new president.

Auto supplier Chassix emerges from bankruptcy

Written by | Thursday, 30 July 2015 10:15 |

After nearly five months, Southfield-based Chassix Holdings Inc. has emerged from Chapter 11 bankruptcy, according to a statement released Wednesday.

Grand Rapids-based restaurant management company Meritage Hospitality Group Inc. (OTCQX:MHGU) has announced its acquisition of 15 Wendy’s fast-food stores in the Toledo, Ohio-area. According to a statement, the acquisitions will add approximately $19 million in annual revenue.

While sales were up for Zeeland-based Gentex Corp. (Nasdaq: GNTX), the automotive supplier reported lower profit margins and net income based on market and customer fluctuations. Meanwhile engineering and R&D expenditures rose along with the the company’s cash on hand, suggesting that new products and acquisitions could be in the company’s future.

The index reached 124.8 for the month, up from 121.5 in April and well above the 117.4-point average for all of 2014. Seven out of eight criteria used for the monthly economic Index increased in May, including labor market and housing-related indicators.

ChoiceOne income up in Q2

Written by | Wednesday, 29 July 2015 10:10 |

ChoiceOne Financial Services Inc. (OTCQX:COFS), the parent company for ChoiceOne Bank, reported record net income of $1.4 million, or 43 cents per share, for the second quarter, according to a statement.

Spectrum Health plans to create a foothold in Ionia County with the construction of a new medical campus.

Shareholders at Mylan N.V. will decide Aug. 28 whether to allow the company to pursue a $32.7 billion hostile takeover bid for Perrigo Co. plc.

The nearly 900 small and midsized business owners that responded to the semi-annual survey by Accident Fund Insurance Co. and the Michigan Business Network continue to have strong expectations for sales and earnings growth in the next six months.

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