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Sunday, 31 March 2013 22:35

MiBiz Growth Report: April 1, 2013

Written by  MiBiz Staff
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Here is the MiBiz Growth Report for March 18, 2013:

* M&A: Greenhouse equipment manufacturer Rapid Automated Systems Inc. of Jenison and its Minute Man Manufacturing Inc. brand that makes wheel lifts for towing and repossession firms, merged with Rapidtek LLC of Grand Rapids, according to a statement from merger and acquisition firm Rua Associates. Rua consulted with Rapidtek on the deal.

* M&A: Grand Rapids-based Auto-Wares acquired Jackson, Mich.-based auto parts retailer Performance Automotive, according to a report on MLive.com. The deal is expected to help the companies better compete against national chain stores, according to the report.

* M&A: Novi, Mich.-based AccessPoint, a human resources management company with offices in Traverse City and Grand Rapids, acquired Bonita Springs, Fla.-based Veritas Employer Services in an asset purchase transaction, according to a statement. The deal helps AccessPoint, which works in 20 states, to expand into the Florida market. AccessPoint also has a location in Alexandria, Va.

* Expansion: St. Joseph, Mich.-based Hanson Logistics started on the third phase of expansion plans at its temperature-controlled multi-vendor consolidation center in Hobart, Ind., according to a statement from the company. The company selected Fort Wayne, Ind.-based Tippmann Construction for the build-out of the 100,000-square-foot addition.

* Expansion: Walker-based Challenge Manufacturing Co. plans to invest $10 million to expand operations in Holland and Walker, according to a joint statement from The Right Place Inc. and Lakeshore Advantage. The auto supplier of metal stampings secured a performance-based $1 million Michigan Business Development Program grant from the Michigan Economic Development Corp. to support the plans, which could create up to 180 new jobs. The city governments in both Walker and Holland have offered abatements for the project. Challenge Manufacturing has three facilities in Walker and another in Holland.

Read 1875 times Last modified on Monday, 15 April 2013 15:07

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