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Investor acquires four self-storage facilities

Written by | Friday, 29 January 2016 10:17 |

The investment firm acquired facilities in Grand Rapids, Rockford, Comstock Park and Belmont and plans to rebrand all as National Storage Centers. The four facilities, totaling more than 174,000 square feet of space, will be managed by Farmington Hills-based The Pogoda Companies Inc.

The Holland-based Macatawa Bank (Nasdaq: MCBC) reported full-year net income of $12.7 million, or 38 cents per diluted share, which compares with $10.4 million, or 31 cents per diluted share, for 2014.

A Northern Michigan craft brewer has decided to expand the distribution footprint of its products to out-of-state markets for the first time.

The supplier of automotive auto-dimming rearview mirrors and electronics reported cash on hand of approximately $552 million at the close of the 2015 calendar year, an increase of 11 percent from the prior year, according to financial results the company reported today.

Service Express acquires Pennsylvania firm

Written by | Thursday, 28 January 2016 12:53 |

The acquisition gives the Grand Rapids-based Service Express a market presence in the Pittsburgh area. Founded in 1986, the company services more than 2,500 maintenance customers through 33 offices in 15 states.

Fleet Engineers Inc. of Muskegon has expanded its truck and trailer business with the acquisition of Charlotte, N.C.-based Save-A-Load Inc., a maker of cargo bars for tractor trailers and pickups.

What executives tout as a “merger of equals” with Chemical Financial Corp. represents what one institutional shareholder for Talmer Bancorp Inc. considers a deal that should get voted down.

Fixture Finders LLC, a retailer of used shelving systems, has been acquired by Illinois-based Hilco Merchant Resources LLC, a division of business service provider Hilco Global, according to a statement released yesterday.

Mill Steel Co. announced today that it will consolidate its Louisville-based Steel Structural Products LLC business into its operations at the Port of Indiana, Jeffersonville.

Chemical Financial Corp. plans to acquire Talmer Bancorp Inc. in a $1.1 billion deal that will create one of the largest banks in the Midwest.

OST acquires Visualhero Design

Written by | Tuesday, 26 January 2016 08:37 |

Open Systems Technologies Inc. of Grand Rapids has acquired Grand Rapids-based design consulting firm Visualhero Design Inc.

Byron Center-based SpartanNash Co. (Nasdaq: SPTN) will ask customers to donate $2.99 at the cash registers of all 91 of its Michigan stores to help bring water to residents in Flint.

The Midland-based Chemical Financial (Nasdaq: CHFC) today reported full-year net income of $86.8 million, or $2.39 per diluted share, which compares with $62.1 million, or $1.97 per diluted share, from a year ago.

Quality Aluminum Products Inc. — a maker of siding, gutters, roof edging and other exterior products for the residential housing industry — became the seventh portfolio company for the Grand Rapids-based Blackford Capital’s Michigan Prosperity Fund.

Bloem LLC, a Hudsonville-based manufacturer of planters and outdoor products, acquired American Designer Pottery, a division of Fiskars Brands Inc.

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