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Displaying items tagged: finance

Sunday, 05 January 2020 17:01

Q&A: Matt Boersen Managing partner, Straight Path Wealth Management

Matt Boersen considers his new role as a director at the Washington, D.C.-based Certified Financial Planner Board of Standards Inc. as coming at a pivotal time for the industry. The CFP Board of Standards last fall enacted a “fiduciary standard” that requires financial advisers to act solely in a client’s best interest when providing advice. The 31-year-old Boersen was one of three new directors recently elected to four-year terms on the board of directors for the CFP Board of Standards, which sets professional standards for financial planners and administers the CFP certification. The financial planner and managing partner at Jenison-based Straight Path Wealth Management spoke with MiBiz about the changes and the perspective he brings to the board.

Published in Finance
Friday, 27 December 2019 08:31

Blackford Capital invests in Cartridge World

GRAND RAPIDS — Private equity firm Blackford Capital Inc. purchased the U.S. brand licensing rights to Cartridge World, a franchised printing consumables brand. 

Published in Finance
Friday, 20 December 2019 10:17

PE-backed High Street Insurance makes first acquisition in Southeast Michigan

TRAVERSE CITY — Private equity-backed High Street Insurance Partners Inc. has acquired InPro Insurance Agency LLC, a full-service independent insurance agency in Troy, Mich.

Published in Finance

Sunday, 22 December 2019 18:12

U.S. Economic Outlook: Economists expect U.S. to avoid recession in 2020

Fears of a national recession in 2020 are largely unfounded. So insists Jim Robey, director of regional economic planning services at the Kalamazoo-based W.E. Upjohn Institute for Employment Research.

Published in Finance
Sunday, 22 December 2019 14:28

Michigan Economic Outlook: After ‘disappointing’ year, Michigan economy poised to grow in 2020

A combination of factors came together in 2019 to take a bite out of Michigan’s economy. The six-week General Motors strike, white-collar job cuts at GM and Ford early in 2019, a slowing manufacturing sector, and relatively flat auto sales collectively held back the state’s growth this year.

Published in Finance
Sunday, 22 December 2019 18:15

Greenleaf Trust exec: ‘Good case” for more stock market volatility in 2020

Investors approach 2020 with a little anxiety from concerns about the future of the U.S. economy that moved into a record period of expansion this past summer, plus the presidential election and other issues that create uncertainty. Nick Juhle, vice president and director of investment research, says investors view the stock market much as they did a year ago: with a sense of uncertainty about how long economic growth can last.

Published in Finance

Tuesday, 17 December 2019 16:24

Grand Ventures portfolio company sold to VC-backed firm

GRAND RAPIDS — Grand Ventures’ portfolio company Sigstr of Indianapolis has been acquired by another growing venture capital-backed tech firm. 

Published in Finance
Friday, 13 December 2019 10:56

Charter Capital mezz fund invests in Ann Arbor firm

GRAND RAPIDS — Charter Growth Capital Fund has invested in All Star Driver Education LLC, an Ann Arbor provider in driver education.

Published in Finance
Sunday, 24 November 2019 17:30

Additional scale positions Grand Angels for larger deals

GRAND RAPIDS — The $1.4 million investment in Portage-based Micro Laser Assisted Machining Technologies LLC represents the largest single investment ever for Grand Angels and its affiliated angel groups and venture capital fund.

Published in Finance

Wednesday, 20 November 2019 13:55

Lambert expands with Phoenix office

GRAND RAPIDS — Investor relations and public relations firm Lambert & Co. has expanded into the Southwest U.S. with the hiring and acquisition of a team of professionals based in Phoenix, Ariz.

Published in Finance
Sunday, 17 November 2019 18:55

Grand Angels launches new affiliate in Flint

GRAND RAPIDS — Grand Angels launched a new affiliate in Flint, further expanding its presence across Michigan.

Published in Finance
Sunday, 10 November 2019 04:38

Economic, political concerns drive down M&A outlook for 2020

Trade tariffs and the direction of the economy, coupled with concerns about the 2020 U.S. presidential election, weighed down expectations for mergers and acquisitions next year.

Published in Finance

Sunday, 03 November 2019 13:28

Surveys point to economic optimism despite cooling growth forecasts for Michigan

Business owners surveyed by PNC Bank remain optimistic about the local and national economies, despite worries about tariffs and pricing pressures and outlooks for slower growth ahead.

Published in Finance
Friday, 01 November 2019 10:02

Conn Geneva & Robinson merges with Hungerford Nichols

GRAND RAPIDS — Muskegon-based Conn Geneva & Robinson CPA and Consultants PC has merged with Grand Rapids-based accounting firm Hungerford Nichols CPAs + Advisors LLC.

Published in Finance
Monday, 28 October 2019 12:13

Merger expenses cut into ChoiceOne’s third quarter earnings

SPARTA — Higher expenses mostly related to the Oct. 1 merger with County Bank Corp. cut into third quarter earnings for ChoiceOne Financial Services Inc.

Published in Finance

Sunday, 27 October 2019 11:30

Grant will help Northern Initiatives reach more Hispanic entrepreneurs in Michigan

A $500,000 grant from Wells Fargo Bank will enable Northern Initiatives to put a larger focus on diversifying its lending.

Published in Finance
Friday, 18 October 2019 12:17

Grand Ventures leads investment round in California fintech firm

GRAND RAPIDS — Grand Ventures led an investment round in CRE Simple Inc., an Oakland, Calif.-based fintech firm focused on commercial real estate.

Published in Finance
Tuesday, 15 October 2019 11:44

Mercantile Bank cites ‘solid’ loan growth through third quarter

GRAND RAPIDS — Mercantile Bank Corp. maintained solid growth and earnings through the third quarter.

Published in Finance

Sunday, 13 October 2019 20:15

Keystone Solutions eyes continued growth with Charter Growth Capital investment

KALAMAZOO — A Grand Rapids mezzanine fund’s investment will enable Keystone Solutions Group to maintain its strong growth trajectory in the years ahead.

Published in Finance
Sunday, 13 October 2019 14:00

Red Oak Capital pursues third $50M fund for commercial real estate bridge loans

GRAND RAPIDS — Red Oak Capital Group LLC plans to raise another $50 million through a public bond offering for a third fund to offer bridge loans for commercial real estate.

Published in Finance
Sunday, 13 October 2019 08:00

As financial groups push SAFE Banking Act, barriers to serving marijuana firms remain

Even if the U.S. Senate were to pass a bill to make it easier for banks and credit unions to serve the emerging cannabis industry, questions remain over just how many financial institutions will act quickly on the opportunity.

Published in Finance

Sunday, 13 October 2019 19:08

M&A Awards: Achieving investor alignment key to Acrisure’s $2 billion capital raise

Investors initially wanted to up their ante and take their stake in Caledonia-based Acrisure LLC to several times their existing holdings.

Published in Finance
Sunday, 13 October 2019 18:42

M&A Awards: Northpointe Bank gets boost from $25M raise, deal to expand to northeast states

Raising $25 million in capital and acquiring a mortgage company positioned Northpointe Bank for even more growth in the years ahead.

Published in Finance
Wednesday, 02 October 2019 11:57

Charter Growth Capital mezz fund invests in Keystone Solutions

Charter Growth Capital Fund, a mezzanine fund formed this past summer by Grand Rapids-based Charter Capital Partners, made its first deal with an investment in Keystone Solutions Group.

Published in Finance

Tuesday, 01 October 2019 15:20

Greatland acquires New Jersey tax form processing firm

GRAND RAPIDS — Greatland Corp., a provider of W-2, 1099 and 1095 solutions, has acquired JAT Software Inc. of Bridgewater Township, N.J.

Published in Finance
Tuesday, 01 October 2019 12:49

Grand Ventures closes on $28 million fundraising round

GRAND RAPIDS — Venture capital fund Grand Ventures has closed on $28 million that was raised for its first fund.

Published in Finance
Friday, 27 September 2019 12:42

Element 22 raises $500,000 from 10 credit unions, transitions to CUSO

PORTAGE — Kenneth Leonard and Ryan Reffitt originally set out to provide small banks and credit unions across Michigan with underwriting and other support services for writing business loans.

Published in Finance

Sunday, 29 September 2019 13:31

Acquisitions remain option for ChoiceOne after County Bank deal

SPARTA — ChoiceOne Financial Services Inc. remains open to further acquisitions after the $89 million deal with Lapeer-based County Bank Corp. is completed next year.

Published in Finance
Sunday, 29 September 2019 11:22

High Street Insurance eyes ‘fantastic’ growth opportunities in consolidating industry

The purchase of Ottawa Kent Insurance Agency Inc. comes as a Traverse City-based agency platform backed by private equity investors pursues a Midwest acquisition strategy.

Published in Finance
Sunday, 29 September 2019 17:15

New Acrisure joint venture leverages AI to serve nontraditional workers

CALEDONIA — Acrisure LLC has launched a joint venture to sell insurance coverage directly to consumers through a digital platform backed by artificial intelligence.

Published in Finance

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