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Sunday, 13 May 2018 17:55

MiBiz Growth Report: May 14, 2018

Written by  MiBiz Staff
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Here is the MiBiz Growth Report for May 14, 2018.

M&A

  • Grand Rapids-based Concept Design Group, an architecture and interior design firm, has been acquired by Ghafari Associates Inc., a Dearborn-based global architecture, engineering and construction services firm. Concept Design will be a unit of Ghafari Associates known as “Concept Design, a Ghafari Company” during the transition period, according to a statement. Ghafari has 15 offices around the world, stretching from Detroit to Brazil and the Middle East. Concept Design President Stephen Fry, along with Vice President Tom Tooley, will run the existing Grand Rapids office on Monroe Center NW and both join the management team at Ghafari Associates. Fry said the deal allows Concept Design to broaden its list of services beyond West Michigan and provides for a new type of architecture and engineering expertise in the region. Terms of the deal were not disclosed.
  • WebTecs Inc. in Grand Rapids, a software development and e-commerce vendor that provides website managed services primarily to county governments, sold to two local buyers. Rua Associates LLC in Zeeland an in Muskegon represented WebTecs in the transaction.
  • Grand Rapids-based Fox Motor Group LLC acquired the Infiniti of Ann Arbor dealership from Spartan Auto Group, according to a statement. With the deal, Fox now sells 42 automotive and powersports brands at 32 locations. The new store is the fourth for Fox in Ann Arbor. Terms of the deal were not disclosed. Prior to the acquisition of Ann Arbor Infiniti, Fox opened Fox Nissan of Lansing in March and added the Indian Motorcycle brand at its Fox Powersports store in April.
  • Kalamazoo-based Knight Watch Inc., a building services and systems integration firm, has acquired Hudsonville-based Vertex Integration LLC in a deal that aims to bolster its statewide building automation business, according to a statement. Terms of the deal were not disclosed. The two companies plan to combine employees in a larger facility in Grand Rapids later this year.
  • Industrial equipment manufacturer Burke Porter Group of Grand Rapids expanded its product portfolio and manufacturing presence with the acquisition of Van Hoecke Automation, a Belgium-based supplier of production automation for the food and automotive industries. The move broadens Burke Porter’s scale and product portfolio, according to a statement. Terms of the deal were undisclosed. Burke Porter plans no changes in Van Hoecke’s daily operations, according to a statement. The acquisition of Van Hoecke is Burke Porter’s second in 2018, following the purchase of Sturtevant, Wis.-based testing stand manufacturer Titan Inc. in January.
  • Auburn, Ind.-based Hefty Wealth Partners has merged with Portage, Mich.-based Oak Point Wealth Management to form Credent Wealth Management, according to a report in the Fort Wayne Journal Gazette. The company will be headquartered in Auburn, and nine people will work out of its Portage office.
  • Kalamazoo-based Griffin Pest Solutions Inc. has acquired Pest Arrest LLC of Oak Park, Mich., according to a statement. The deal expands the company’s reach into the Southwest Michigan market, including the Detroit area. Terms of the deal were not disclosed.

Expansions

  • HexArmor, a Grand Rapids-based personal protective equipment manufacturer, will invest $8.7 million into a Kent County facility and plans to create roughly 50 jobs over the next three years. Performance Fabrics Inc., which does business as HexArmor, manufactures gloves, arm guards and aprons for workers in the construction, oil and gas, mining, lumber and utilities industries. The company plans a complete renovation of a facility located at 640 Leffingwell Ave. NE in Grand Rapids, plus a 20,000- to 30,000-square-foot addition of office space, roof repairs, electrical and mechanical work, and upgrades to interior space for “functionality.” The Michigan Strategic Fund provided the company with a $350,000 Michigan Business Development Program performance-based grant, while the city of Grand Rapids offered a 10-year Obsolete Property Rehabilitation Exemption Certificate.
  • Frankfort, Mich-based Graceland Fruit Inc., a seller of dried blueberries, cranberries and cherries to customers in the U.S., is expanding into a 50,000-square-foot processing facility in Warrens, Wis. after entering an alliance with Wisconsin-based fruit cooperative Cranberry Growers Cooperative (CranGrow). The deal will allow the company to increase its manufacturing capacity by approximately 30 percent. In addition to the expansion, Graceland Fruit will retain CranGrow’s 61 employees. Terms of the deal were undisclosed. According to a statement, Graceland Fruit purchases Wisconsin cranberries from CranGrow for its Frankfort facilities. As a part of the deal, CranGrow will remain a supplier to Graceland Fruit. CranGrow opened the Warrens facility in 2016 for $20 million before filing for Chapter 11 bankruptcy in September 2017, according to a report from The Tomah Journal.
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