Displaying items tagged: mergers and acquisitions

Stryker Corp. today completed the acquisition of OrthoSPace Ltd., an Israeli company that developed a treatment for massive, irreparable rotator cuff tears.

Opus Packaging Group Inc. is continuing the expansion of its packaging facilities portfolio with the acquisition of a fourth company, Wabash Container Corp. of Illinois.

Matt Emery felt ready to move on from the automotive industry after 15 years, so last fall he began looking around for a business to buy. After considering a contract manufacturer, machine shops, an HVAC business and others, Emery found the “perfect fit” in Think Chromatic LLC, a Comstock Park-based small company that does 3-D rendering and animation.

Saugatuck Brewing Co. plans to acquire Kalamazoo-based Gonzo’s BiggDogg Brewing, pending various regulatory approvals.

Stryker Corp. has completed the acquisition of Arrinex Inc., a Menlo Park, Calif.-based medical device company that developed a treatment for chronic rhinitis.

Medbio LLC, a West Michigan-based manufacturer of injection moldings, assemblies and packaging for medical device and biotech industry, has acquired AIM Plastics Inc.

Private equity firm Auxo Investment Partners moved deeper into the marine transportation business with an investment in Muskegon-based Andrie Inc.

Manufacturing holding company Andronaco Industries Inc. plans to relocate its Conley Composites LLC subsidiary from Oklahoma to a new location in Kent County.

DOWAGIAC — The non-gaming arm of the Pokagon Band of Potawatomi Indians had acquired a majority stake in Enmark Tool & Gage Co., a Southeast Michigan precision machining company. The tribe’s Mno-Bmadsen business investment arm closed on the deal on Feb. 1, according to a statement.

Universal Forest Products Inc. is acquiring the assets of a Grand Rapids-based wood panel components manufacturer.

Here is the MiBiz Growth Report for Feb. 17, 2019.

Here is the MiBiz Growth Report for Feb. 4, 2019.

BELMONT — Filter and Coating Technology Inc., a supplier of filter and coating solutions for the automotive and industrial markets, is under new ownership.

Kendall Electric Inc. acquired an Ohio-based distributor of electrical equipment.

Novi-based I.T. firm Red Level Group LLC has acquired West Michigan business and technology consultant C/D/H.

The proposed $3.6 billion merger between Chemical Financial Corp. and TCF Financial Corp. would create a Midwest bank based in Michigan that’s able to compete with the largest national banks and that’s likely to pursue further acquisitions. Under the $3.6 billion all-stock deal, the Wayzata, Minn.-based TCF Financial (NYSE: TCF) would merge into the Detroit-based Chemical Financial (Nasdaq: CHFC). Once the deal closes, Chemical Bank locations would take on the TCF name.

Acrisure LLC capped off its most active year for M&A with the acquisition of Milwaukee, Wis.-based HNI Risk Services at the end of 2018.

Oliver Healthcare Packaging has expanded with a deal for a supplier of medical device packaging on the West Coast.

Betten Baker Auto Group has acquired South Haven Chevrolet Buick GMC, expanding the company’s reach to Southwest Michigan.

Westshore Design LLC plans to add customers in new markets with the acquisition of a Moline, Mich. electronics manufacturer.

Chemical Financial Corp. would extend further across the Midwest with the proposed merger with Wayzata, Minn.-based TCF Financial Corp.

HOLLAND — Acquiring the assets of a Charlotte-based plastics molder gave Clarion Technologies Inc. a broader customer base, added manufacturing capacity and the ability to move production closer to clients. The Holland-based Clarion Technologies acquired certain assets and a book of business from CNI Plastics LLC of Charlotte. Clarion Technologies redeployed the production equipment acquired in the deal to its facilities in Greenville, Mich., Anderson, S.C., and Garland, Texas.

GRAND RAPIDS — A private investment group has purchased a downtown commercial office building at 61 Commerce Ave. SW for $4 million, MiBiz has learned. An investment group affiliated with Byron Center-based E5 Ventures LLC bought the five-story, 28,245-square-foot commercial office building from ProCare Corporate Headquarters LLC. The transaction closed on Jan. 14.

KALAMAZOO — Private equity-backed Beacon Specialized Living Services Inc., a provider of specialized residential health care services, has expanded into Minnesota. The deal for Saint Paul, Minn.-based Owakihi Inc. marks the for-profit Beacon’s first foray outside of Michigan, according to a statement.

BYRON CENTER — Rural wireless provider FreedomNet Wireless was acquired by an Indiana-based internet provider The deal for Byron Center-based FreedomNet, which serves rural areas mostly south of Grand Rapids, near Fowlerville and in Southwest Michigan, expands La Porte, Ind.-based Surf Air Wireless LLC’s coverage area north into West Michigan, according to a statement.

Heavy truck industry supplier SAF-Holland Inc. has acquired a majority stake in a company that manufactures automatic tire pressure management systems.

Foresight Management has acquired Grand Rapids-based Building Performance Team Inc., expanding the company’s in-house services in energy modeling and building commissioning.

Here is the MiBiz Growth Report for Jan. 21, 2019.

Insurance broker First Agency Inc. has sold to Rolling Meadows, Ill.-based Arthur J. Gallagher & Co.

SPARTA — Riveridge Produce Marketing Inc., the largest supplier of Michigan apples, has acquired the sales operation of Sparta-based Jack Brown Produce Inc.