Displaying items tagged: mergers and acquisitions

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

Professionals expect a vibrant M&A market and strong deal flow this year amid easing U.S. economic growth and rising interest rates.

A small private equity firm started in Southern Michigan plans to invest in a niche area most investors ignore. In targeting small manufacturers in small towns and other rural markets across the state, Parma-based Fresh Water Ventures Fund LP seeks to acquire small businesses and maintain operations in their hometowns.

M&A professionals expect the dealmaking market to remain healthy in 2019. That’s one of the conclusions from a panel of executives MiBiz assembled to talk about West Michigan’s mergers and acquisitions sector.

CALEDONIA — In the more than five years since Greg Williams founded the company, Acrisure LLC has become the most prolific acquirer of independent insurance agencies in the U.S.

Allegan General Hospital and its parent health system would become part of the largest nonprofit health system in the U.S. with the proposed acquisition by Ascension.

Hines Corp., a family-owned industrial holding company, has divested its Ohio-based Hines Specialty Vehicle Group.

The Greenwich Hospitality Group has acquired a northern Michigan beachside resort hotel.

The acquisition of an animal genomics laboratory in Alberta will position Neogen Corp. to more rapidly grow its business in Canada.

A Northern Michigan Tier 1 supplier of engineered plastic assemblies has been acquired by a private equity firm.

Spartan Motors Inc. has acquired a Florida-based company that helps outfit vehicles with lighting, accessories and communications equipment.

KENTWOOD — Charter Industries Extrusions LLC, a supplier of carpentry components for the furniture and casegoods industries, has been acquired by a Pittsburgh, Pa.-based private equity firm.

CALEDONIA — Three investors have put more money into Acrisure LLC, the West Michigan-based insurance brokerage that’s been growing rapidly through an aggressive acquisition strategy.

Here is the MiBiz Growth Report for Dec. 10, 2018.

GRAND RAPIDS — For its first acquisition, Northville-based Orchard Creek Capital LLC targeted an investment in an established, family-owned manufacturing company.

Here is the MiBiz Growth Report for Nov. 26, 2018.

GRAND RAPIDS — SpartanNash Co. plans to acquire Martin’s Super Markets Inc., a family-owned grocery chain based in South Bend, Ind.

PARCHMENT — Advia Credit Union would gain a larger market presence in northern Illinois with the proposed acquisition of Golden Eagle Community Bank.

HOLLAND — Johnson Controls International plc would exit its last remaining automotive industry manufacturing operations in West Michigan if it completes a transaction announced this week.

GRAND RAPIDS — EPS Security has made its second acquisition of 2018.

Here is the MiBiz Growth Report for Nov. 12, 2018.

ZEELAND — Novo Building Products has acquired L.J. Smith Inc., a 133-year-old producer of parts for stairs that’s based in Bowerston, Ohio. 

Five Michigan-based businesses in the fire and safety equipment industry sold last month to St. Paul, Minn.-based Summit Companies.

MiBiz, in conjunction with the Association for Corporate Growth of Western Michigan, highlighted the winners and finalists of the 2018 M&A Deals and Dealmakers of the Year Awards on Oct. 28 at the Gerald  R. Ford Presidential Museum in Grand Rapids. 

GRAND RAPIDS — Proos Manufacturing Inc. has come under new ownership.

Here is the MiBiz Growth Report for Oct. 29, 2018.

A Grand Rapids-based automotive supplier has acquired Emergent Carbon Wheels, a Kansas City, Kan.-based manufacturer of carbon fiber composite wheels.

By focusing on the smaller end of the M&A market, Max Friar has sought to expand the deal flow for his Grand Rapids-based advisory firm.

The recent scale and scope of M&A activity around the region has made for a “pretty cool year” for deal advisers like Rajesh Kothari. 

The “secret sauce” that separates Auxo Investment Partners from other private equity firms comes down to hard work.