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Displaying items by tag: Charter Capital Partners

Sunday, 15 October 2017 22:30

Stein’s ‘tenacity’ drives dealmaking for Blackford Capital

With three acquisitions and two exits under his belt in the last year and a half, Martin Stein continues to drive a steady pace of deal activity at Blackford Capital.

Published in M&A Award Profiles
Sunday, 15 October 2017 21:29

PE activity drives growth for Daniels’ M&A practice at Miller Johnson

While advising on more than two-dozen transactions over a 12-month period, Dustin Daniels saw firsthand the growth of private equity’s role in mergers and acquisitions in West Michigan. 

Published in M&A Award Profiles
Sunday, 01 October 2017 20:55

MiBiz Growth Report: Oct. 2, 2017

Here is the MiBiz Growth Report for Oct. 2, 2017.

Published in Breaking News

Sunday, 03 September 2017 17:00

MiBiz Growth Report: Sept. 5, 2017

Here is the MiBiz Growth Report for Sept. 5, 2017.

• M&A: U.K.-based Playtech acquired the technology, intellectual property and certain customer assets of ACM Group, whose CEO, Muhammad Al-Amin Rasoul, and management team are based in Grand Rapids. Playtech, a supplier of online gaming software, is listed on the London Stock Exchange and has 5,000 employees in 17 countries. Grand Rapids investment banking firm Charter Capital Partners served as financial adviser for ACM Group, a business-to-business market maker, dealer and broker in London. The deal is expected to close in early September. Terms include an initial upfront payment of $5 million, two staged payments based on the EBITDA of 2017 and 2018, and contingent consideration based on 2019 EBITDA. The total consideration for the transaction is capped at $150 million.

Published in Breaking News
Sunday, 03 September 2017 16:47

Charter Capital adds two partners to the business

GRAND RAPIDS — In a move designed to manage growth in the business, investment banking and M&A firm Charter Capital Partners promoted two managing directors to partners.

Published in Finance
Sunday, 03 September 2017 16:45

With ample dry powder, PE firms poised for ‘significant activity’ through year’s end

Private equity investors have more capital to deploy today than they have in years.

Published in Finance

Sunday, 30 April 2017 16:58

Family office, investment banking vets split to form new firm

GRAND RAPIDS — Following careers in investment banking and family offices, two West Michigan professionals have struck out on their own. 

Published in Breaking News
Sunday, 19 March 2017 16:16

MiBiz Growth Report: March 20, 2017

Here is the MiBiz Growth Report for March 20, 2017: 

• M&A: Grand Rapids-based fuel distributor Crystal Flash Inc. has expanded its geographic footprint into Southeast Michigan with the acquisition of Adrian-based Lenawee Farm Bureau Oil Cooperative, which has more than 500 customers. Two employees will stay on with Crystal Flash, according to a statement. Terms of the deal, which was finalized this month, were not disclosed. Lenawee County Farm Bureau Oil Cooperative serves agricultural, commercial, construction and home heating oil customers. Grand Rapids-based Charter Capital Partners served as financial adviser to Crystal Flash on the deal. The employee-owned company employs 250 people at 15 locations in Michigan.

Published in Breaking News
Sunday, 19 March 2017 15:47

Chemical Financial requests additional shares to act on potential acquisitions

MIDLAND — For the third time in two years, Chemical Financial Corp. wants to have more shares on hand to as it pursues additional acquisitions.

Published in Finance

Sunday, 08 January 2017 17:22

MiBiz Growth Report: Jan. 9, 2017

zHere is the MiBiz Growth Report for Jan. 9, 2017. 

• M&A: Grand Rapids-based Irwin Seating Co. signed a letter of intent to purchase American Seating Co.’s architectural fixed seating business in a deal expected to close in March 2017, pending due diligence. The business includes products for stadiums, auditoriums and other large venues. The company’s move to divest a “higher profile part of our business was an extremely difficult decision to make,” Chairman and CEO Ed Clark said in a statement announcing the transaction. The sale comes as American Seating seeks “to optimize its operations and resources in order to pursue significant growth opportunities” in its transportation seating business, where the company will continue to focus. American Seating intends to lay off 80 workers early this year as a result of the deal. However, a portion of that workforce may transition into roles at Irwin Seating, according to the statement. Terms of the deal were not disclosed.

Published in Breaking News
Sunday, 08 January 2017 17:07

Banking industry remains conducive to more M&A in 2017

Mergers and acquisitions within the banking industry are expected to maintain a steady pace in the new year.

Published in Finance
Sunday, 08 January 2017 17:02

More of the same? Seller’s market largely unfazed by rising interest rates, politics as deal flow keeps pace

Professionals working in mergers and acquisitions in West Michigan expect strong deal flow to continue in 2017, maintaining a seller’s market.

Published in Finance

Sunday, 30 October 2016 17:06

As Michigan life sciences industry awaits exits, focus shifts to later-stage funds, talent

 

The availability of scientific and executive management talent and the access to later-stage investment capital remain major issues for Michigan’s life sciences industry.

Published in Health Care
Sunday, 18 September 2016 13:52

Med device supplier secures PE investment to further growth strategy

FRUITPORT — A connection Chris Witham made five years ago at a trade show in Anaheim, Calif. culminated in a major investment that will position Motion Dynamics Corp. for growth in the medical device industry.

Published in Breaking News
Sunday, 04 September 2016 15:18

MiBiz Growth Report: Sept. 6, 2016

Here is the MiBiz Growth Report for Sept. 6, 2016:

• M&A: Lansing-based Eckhart Inc., a portfolio company of private equity firm LFM Capital of Nashville, Tenn., acquired Auto Craft Tool & Die Inc. and 3 D Sales Inc., both of Algonac, Mich., in a deal to add more controls, robotics, and automation-based solutions and distribution capabilities. Auto Craft operates facilities in Marine City, where it makes material handling systems and specialized tooling for industrial manufacturers. The company manufactures door and instrument panel carriers and automatic guided carts. The related 3 D Sales business distributes industrial ergonomic and work cell components. The deal, the terms for which were not disclosed, was the first for Eckhart, a manufacturer of ergonomic assembly line equipment that last year joined the LFM Capital portfolio. The Nashville-based private equity firm focuses on lower middle-market manufacturers and industrial services providers with enterprise values in the $15 million to $75 million range.

Published in Breaking News

Sunday, 28 August 2016 14:20

Charter Capital advises Kentucky furniture manufacturer in deal with PE firm

GRAND RAPIDS — An investment banking adviser believes the current environment in the contract furniture industry should lead to more deals getting done before the end of the year. 

Published in Breaking News
Friday, 10 June 2016 11:02

Lawsuit questions legality of Herman Miller’s acquisition of Design Within Reach

Herman Miller Inc.’s highly praised $154 million acquisition in 2014 of high-end furniture retailer Design Within Reach Inc. may not legally have occurred.

Published in Manufacturing
Sunday, 15 May 2016 12:30

MiBiz Growth Report: May 16, 2016

Here is the MiBiz Growth Report for May 16, 2016: 

• M&A: Indianapolis-based The XLerate Group, a portfolio company of Detroit-based private equity firm Huron Capital Partners LLC, has acquired Jenison-based Grand Rapids Auto Auction. The deal represents the second acquisition in a year for The XLerate Group, which acquired Schoolcraft-based Greater Kalamazoo Auto Auction in May 2015. XLerate provides dealer-to-dealer auto auctions for used vehicles. Grand Rapids Auto Auction, located at 2380 Port Sheldon Ct., provides used vehicle remarketing to fleet and leasing companies and dealers in Michigan, Illinois and Ohio. Terms of the deal were undisclosed. Through the acquisition, XLerate now has local auto auctions that operate 17 physical and mobile sites in Michigan, South Carolina, California, Texas, Wisconsin and Florida.

Published in Breaking News

Friday, 06 May 2016 09:52

Crystal Flash sold to employees through ESOP transaction

Following a two-year preparation process, Crystal Flash has successfully transitioned to a 100-percent employee-owned company.

Published in Breaking News
Sunday, 06 March 2016 14:40

Southwest Michigan’s Advia Credit Union plans to acquire Wisconsin bank

PARCHMENT — Advia Credit Union’s proposed acquisition of Mid America Bank, a small community bank in southern Wisconsin, is the kind of deal that occurs infrequently in the financial services industry.

Published in Finance
Sunday, 07 February 2016 22:06

Chemical, Huntington acquisitions signal renewed momentum in M&A market

A pair of deals would give Chemical Financial Corp. and Huntington Bancshares Inc. larger footprints in Michigan and could renew the momentum for bank M&A in the state.

Published in Finance

Thursday, 28 January 2016 09:34

Fleet Engineers buys N.C. truck and trailer accessory manufacturer

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.

Published in Breaking News
Sunday, 24 January 2016 22:54

Manufacturers turn to M&A to fill void in capacity

After running as lean as possible in the years following the recession, West Michigan manufacturers are embracing acquisitions as a strategy to add capacity and meet customer demand. That was the case for Grand Rapids-based Mill Steel Co. when it acquired certain assets of S&S Steel Services Inc. of Anderson, Ind.

Published in Manufacturing
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