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Displaying items by tag: Varnum LLP

Sunday, 24 April 2022 18:03

Spectrum Health VC arm eyes SE Mich. opportunity after Beaumont merger

The merger between Spectrum Health and Beaumont Health created a larger network from which Scott McLean can source deals.

Published in Health Care
Sunday, 10 April 2022 18:31

MiBiz Growth Report: April 11, 2022

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

Published in Economic Development
Sunday, 27 March 2022 18:33

Inflation, interest rates, global conflict complicate M&A outlook

After an active dealmaking year in 2021 that was fueled by private equity, the M&A outlook for 2022 is slightly more clouded as inflation grows to 40-year highs, the Federal Reserve begins bumping up interest rates and Russia’s invasion of Ukraine disrupts financial markets.

Published in Finance

Sunday, 13 February 2022 18:42

INSIDE THREAT: Experts warn of growing data exfiltration from company employees

As business owners face a complex set of external cybersecurity threats, industry professionals caution them to remain diligent about their inner workings, as companies face an equally dire threat from inside their organizations and workforce. 

Published in Economic Development
Sunday, 16 January 2022 18:14

Family-owned businesses feel better positioned to adapt in pandemic

After nearly two years of the COVID-19 pandemic, smaller family-owned businesses are generally better positioned to overcome labor and supply chain challenges than non-family-owned companies. 

Published in Small Business
Thursday, 30 September 2021 15:59

Varnum ventures out of state with new Florida office

GRAND RAPIDS — Varnum LLP has opened an office in Naples, Fla., marking the Grand Rapids-based law firm’s first location outside of Michigan.

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, 25 April 2021 17:20

Pine Rest psych bed appeal faces long odds, experts say

Pine Rest Christian Mental Health Services faces long odds to successfully challenge a proposed state decision allowing competitor Havenwyck Hospital Inc. to develop a new psychiatric hospital in Kent County.

Published in Health Care
Sunday, 28 March 2021 17:00

MiBiz roundtable: M&A experts forecast strong deal flow in post-pandemic rebound

Mergers and acquisitions should remain strong through 2021 — driven by several factors affecting deal flow — although finding a good deal may come with a high price for buyers.

Published in Finance

Wednesday, 24 March 2021 10:29

Acrisure closes $3.4B capital raise to support growth, tech investments

GRAND RAPIDS — Acrisure LLC has closed on a $3.4 billion capital raise, most of which came from the sale of senior preferred stocks to a consortium of investors.

Published in Finance
Monday, 25 January 2021 06:00

Tribally owned professional services group rebrands, expands during pandemic

DOWAGIAC — Seven Generations Group, a professional services portfolio of companies, is rebranding and has also managed to grow its portfolio with the formation of Blue Star Integrative Studio, a full-service architecture firm based in Tulsa, Okla., and the spin off of Kalamazoo-based Steelhead Engineering Co. 

Published in Economic Development
Wednesday, 13 January 2021 11:11

Blackford Capital invests in Massachusetts-based water sports manufacturer

GRAND RAPIDS — Private equity firm Blackford Capital has invested in Aqua-Leisure Industries Inc.,  a maker of leisure products for water sports and recreation based in Avon, Mass.

Published in Manufacturing

Sunday, 06 December 2020 18:20

Steelcase cyberattack serves as warning for manufacturers, experts say

As details on a recent cybersecurity attack against Grand Rapids-based office furniture giant Steelcase Inc. begin to surface, local manufacturers of all industries and sizes may want to take notice.

Published in Manufacturing
Sunday, 25 October 2020 17:30

Federal agency issues guidance on PPP loans and M&A deals

The U.S. Small Business Administration’s guidance for companies that got Paycheck Protection Program loans and are now selling aims to keep deals flowing as borrowers await decisions on whether they’ll have debt forgiven.

Published in Small Business
Sunday, 02 August 2020 10:08

MiBiz Growth Report: August 2, 2020

MiBiz growth report for August 2, 2020.

Published in Economic Development

Sunday, 02 August 2020 19:34

Litigation, vacant spaces: How COVID-19 is shifting commercial real estate

When a California-based marketing firm consolidated 450 employees from Grand Rapids-area offices into a vacant commercial building three years ago, the move was celebrated by Wyoming city leaders and supported by a $550,000 state business development grant.

Sunday, 14 June 2020 20:24

Lease disputes, COVID-19 loan, ‘craft beer craze’ decline surround BarFly bankruptcy

Overly aggressive expansions, lease disputes and sagging interest in craft beer-based casual restaurants were contributing factors to BarFly Ventures LLC’s bankruptcy filing this month before business was decimated by COVID-19, court records show.

Published in Food/Agribusiness
Tuesday, 09 June 2020 14:08

Fed makes changes to Main Street Lending program to broaden appeal to businesses

Changes by the Federal Reserve Board should draw greater interest to the new $600 billion Main Street Lending Program for small and mid-sized businesses hurt financially by the COVID-19 pandemic.

Published in Finance

Monday, 08 June 2020 16:03

Lawsuit claims Amazon demolished part of GR warehouse before backing out of project

GRAND RAPIDS — A property investment company is suing Amazon.com Services LLC after the online retailer allegedly demolished portions of a warehouse property in Grand Rapids and caused about $10 million in damages before backing out of a lease agreement.

Sunday, 07 June 2020 17:45

Restrictions in Fed’s Main Street Lending Program could limit appeal

The Federal Reserve Bank’s $600 billion Main Street Lending Program promises to offer small and mid-sized businesses hurt financially by the COVID-19 pandemic with another option to access credit and operating capital. 

Published in Finance
Thursday, 28 May 2020 16:22

Independent Bank raises $40 million through debt offering

GRAND RAPIDS — Independent Bank Corp. raised $40 million in a debt offering that comes amid the economic downturn and uncertainty from the COVID-19 pandemic.

Published in Finance

Sunday, 26 April 2020 16:09

Short’s Brewing, Green Peak launch line of beer-flavored cannabis edibles

Two prominent players in Michigan’s cannabis and craft brewing industries have launched a new product merging their areas of expertise: beer-flavored edibles.

Published in Food/Agribusiness
Sunday, 19 April 2020 17:26

Online notarization allowed under executive order likely to be ‘new normal’

An executive order issued by Gov. Gretchen Whitmer allowing for the wider use of electronic signatures and online notarization will likely be more widespread in the wake of the coronavirus pandemic, says an attorney who helped draft the order.

Published in Economic Development
Sunday, 15 March 2020 19:00

Virus concerns drive additional due diligence in M&A transactions

The coronavirus outbreak that’s battered Wall Street and caused supply chain disruptions for some manufacturers has yet to interrupt transactions, although more conversations are occurring as part of due diligence, according to M&A professionals.

Published in Finance

Sunday, 01 March 2020 19:00

CONSIDER THE SOURCE: West Michigan manufacturers search for supply chain solutions amid coronavirus outbreak

The ongoing coronavirus outbreak in China is forcing West Michigan manufacturers to find creative solutions to avoid production disruptions.

Published in Manufacturing
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
Saturday, 26 October 2019 08:47

Growth Report: Oct. 26, 2019

MiBiz Growth Report for Oct. 26, 2019.

Published in Economic Development

Friday, 11 October 2019 14:22

Connecticut family office acquires Grand Rapids-based elevator maintenance firm

GRAND RAPIDS — Carroll Capital LLC, a Greenwich, Conn.-based family office, has acquired Grand Rapids-based Elevator Service LLC from owner Nate McFadden.

Saturday, 14 September 2019 20:11

MiBiz Growth Report: September 14, 2019

Here is the growth report for September 14, 2019.

Published in Economic Development
Tuesday, 10 September 2019 10:26

Spartan Motors acquires California-based Royal Truck Body

CHARLOTTE — Spartan Motors Inc. continues to build its presence on the West Coast with its second acquisition of a California company in three months. 

Published in Manufacturing

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