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Displaying items by tag: Gun Lake Investments

Sunday, 22 May 2022 18:24

People in the News: May 23, 2022

Here is the MiBiz People in the news report for May 23, 2022 

Published in Talent
Tuesday, 17 May 2022 16:09

Gun Lake Investments taps former deal partner to run operations

After a seven-year career in tribal economic development at Waséyabek Development Co. LLC for his tribe, Jimmy TenBrink now finds himself heading up operations for a familiar tribal partner. 

Published in Economic Development
Sunday, 24 April 2022 18:49

MiBiz Growth Report: April 25, 2022

Here is the MiBiz Growth Report for April 11, 2022.

Published in Economic Development

Wednesday, 13 April 2022 17:46

Tribally owned GLI takes full operating control of technology firm with new investment

GRAND RAPIDS — Gun Lake Investments assumed full operating control through a new investment in Dallas, Texas-based Hall Technologies LLC, a designer and producer of professional audio/visual systems. 

Published in Finance
Sunday, 30 January 2022 19:00

MiBiz Growth Report: January 31, 2022

Here is the MiBiz Growth Report for January 31, 2022.

Published in Economic Development
Monday, 03 January 2022 19:28

MiBiz on WOOD-TV: Gun Lake Investments names permanent CEO

Gun Lake Investments — the non-gaming economic development arm of the Match-E-Be-NashShe-Wish Band of Pottawatomi Indians, or Gun Lake Tribe — has named Monica King as permanent CEO of the organization effective Jan. 1.

Published in Economic Development

Monday, 03 January 2022 06:00

King named permanent CEO of Gun Lake Investments; activity to accelerate in 2022

Gun Lake Investments started 2022 with a permanent CEO in place and plans to become more active in the market.

Published in Finance
Thursday, 28 October 2021 13:57

Tribes renew partnership with acquisition of two Holland transportation companies

The investment arms of two West Michigan tribes have partnered to acquire a pair of transportation companies in Holland.

Published in Economic Development
Tuesday, 20 July 2021 16:54

Gun Lake Investments CEO Kurtis Trevan resigns

GRAND RAPIDS — The CEO of Gun Lake Investments — the economic development arm of the Match-E-Be-Nash-She-Wish Band of Potawatomi Indians, or Gun Lake Tribe — has resigned after six years in the position.

Published in Economic Development

Sunday, 18 July 2021 13:19

Tribal enterprises persist as gaming revenues tank during pandemic

As the COVID-19 pandemic wreaked havoc on tribal casino gaming revenue, officials with the non-gaming economic development arms of several Michigan tribes say their flow of capital and projects largely held steady.

Published in Economic Development
Sunday, 14 February 2021 18:00

Tribes leverage similar investment philosophies in McKay Tower transaction

The seeds for the joint purchase of the iconic McKay Tower building in downtown Grand Rapids took root years ago when the CEOs at Waséyabek Development Co. LLC and Gun Lake Investments started talking about doing deals together. 

Published in Economic Development
Sunday, 19 July 2020 17:28

Casino closures make case for Michigan tribes’ further economic diversification

In mid March of this year, all 24 of Michigan’s tribally operated casinos fell silent, their more than 22,280 slot machines spitting out their final paydays for lucky patrons or taking one last injection of cash for the house.

Published in Economic Development

Sunday, 07 June 2020 19:10

Tribally owned firm secures $161M federal contract, expands GR headquarters

GRAND RAPIDS — A federal contracting firm owned by Waséyabek Development Co. LLC has begun work on a five-year, $161 million contract with the Department of Energy to provide site operations and support services at three National Energy Technology Laboratory locations. 

Published in Economic Development
Sunday, 12 April 2020 18:06

Business owners discuss reacting, coping and planning for the future in the era of coronavirus

Call it the six stages of COVID-19 coping: Experiencing shock. Assessing. Recalibrating. Cash Flowing. Helping. Imagining. That seems to sum up an emotional and intellectual path many West Michigan business owners have travelled recently as their companies faced extraordinary circumstances brought on by the spread of coronavirus. 

Published in Economic Development
Sunday, 19 January 2020 13:09

EDITOR’S NOTEBOOK: Tribes reiterate commitment to GR with McKay Tower deal

More than a decade ago, Grand Rapids business leaders lobbied hard to block the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians, known locally as the Gun Lake Tribe, from opening a casino near Wayland. 

Groups like 23 is Enough and MichGO drove the narrative that any casino development south of Grand Rapids would “siphon off” jobs and investment from the city’s then-rebuilding downtown, limiting growth in entertainment options and economic opportunity alike. They cited a study commissioned by the Grand Rapids Area Chamber of Commerce in the early 2000s that estimated $880 million of “economic hemorrhaging” in the surrounding counties if Gun Lake Casino were ever allowed to move forward. 

Looking around downtown Grand Rapids today, it’s hard to find evidence that their worst fears were in any way realized. 


Wednesday, 15 January 2020 15:13

Tribes partner in $17.5 million purchase of iconic McKay Tower in Grand Rapids

GRAND RAPIDS — Tribally owned Gun Lake Investments and Waséyabek Development Co. have jointly acquired McKay Tower in downtown Grand Rapids, MiBiz has learned.

Sunday, 05 January 2020 17:05

M&A Roundtable: Buyers continue chasing deals as limited inventory of quality sellers persists

ROUNDTABLE: The M&A market ended 2019 in good shape and professionals who work in the field expect dealmaking to remain strong in the new year. 

Published in Finance
Sunday, 23 June 2019 19:00

‘Perfect fit:’ Gun Lake Investments invests in Stockbridge project amid push into real estate deals

GRAND RAPIDS — Tribally-owned Gun Lake Investments is making an active push into the West Michigan commercial real estate market with an investment in a high-profile redevelopment and three property acquisitions so far this year, MiBiz has learned. 


Sunday, 03 March 2019 21:20

Artificial barrier or lack of understanding? Tribal entities struggle to secure key minority business certification

Business entities owned by West Michigan-based Native American tribes face a surprising roadblock in gaining access to programs used to grow minority-owned businesses. While tribally-owned businesses often receive the Small Business Administration’s 8(a) disadvantaged business certification, they have not found similar success when it comes to getting “minority business enterprise” (MBE) certification through the Michigan Minority Supplier Development Council (MMSDC).

Published in Economic Development
Sunday, 03 March 2019 21:15

GAINING MOMENTUM: West Michigan tribes open doors to business opportunities

West Michigan tribes may be relatively new to implementing economic development and diversification plans, but they’ve quickly established themselves as strategic partners for the local business community because of their focus on investing in companies and real estate. Moreover, many of the federally-recognized sovereign tribes are looking to engage with non-tribal businesses, spreading the opportunity beyond just tribal members into potentially powerful economic opportunities across the region.

Published in Economic Development
Sunday, 11 November 2018 20:13

Blackford Capital sells Dickinson Press in first exit for Michigan Prosperity Fund

GRAND RAPIDS — Even when it first acquired Dickinson Press LLC more than three years ago, Blackford Capital saw Brainerd, Minn.-based CJK Group Inc. as a potential buyer.

Published in Finance

Friday, 28 September 2018 20:45

After participating in Blackford acquisition, Gun Lake Investments eyes more deals

Blackford Capital’s latest deal brought a new investment partner to the table: Gun Lake Investments, the economic development arm of the Gun Lake Tribe.

Published in Finance
Saturday, 18 March 2017 05:30

OPEN FOR BUSINESS: Tribes invest in economic diversification via M&A, real estate deals

Across West Michigan, Native American tribes have started to hang out their own shingle in enterprises that move them away from the familiar tribal-owned casino.

Published in Economic Development
Sunday, 05 March 2017 20:23

MiBiz Growth Report: March 6, 2017

Here is the MiBiz Growth Report for March 6, 2017:

• M&A: American Grease Stick Co. of Muskegon was acquired last year by 3 Rivers Capital, a Pittsburgh, Pa.-based private equity firm. A manufacturer of branded automotive fluid transfer lines and related products for the automotive aftermarket industry, AGS has operations in Muskegon and the U.K. The company, which was founded in 1931, sells products through a variety of aftermarket retailers, including Advanced Auto Parts, AutoZone and Pep Boys, according to a statement. 3 Rivers purchased the company for $10 million from the Rosen family, according to a report in the Pittsburgh Business Times. The deal was backed by $9.75 million in subordinated debt and an equity co-investment from PNC Mezzanine Capital. JP Morgan Chase also provided debt financing for the transaction. Metz Lewis Brodman Must O’Keefe LLC of Pittsburgh served as legal counsel to 3 Rivers Capital. The sellers worked with investment banker Stout Risius Ross Inc. of Chicago.

Published in Breaking News