Displaying items tagged: mergers and acquisitions

GRAND RAPIDS — Global office furniture maker Steelcase Inc. has acquired one of its longtime collaborative design partners in an all cash deal.

GRAND RAPIDS — Private equity firm Auxo Investment Partners has entered the railroad business with the acquisition of maintenance company Genesis Rail Services LLC.

PORTAGE — Clark Logic LLC, a Southwest Michigan-based provider of single-source transportation, logistics, facility and real estate solutions, has completed the acquisition of a nearby company.

WYOMING — Performance Plus Quick Oil Change Centers Inc. has added to its portfolio of oil change and car wash stores with the acquisition of Muskegon-based Van’s Car Wash Inc.

GRAND RAPIDS — Anticipating an uptick in demand for factory-built housing, Grand Rapids-based wood products manufacturer UFP Industries Inc. announced the acquisition of one of its current vendors.

ANN ARBOR — Michigan-based cannabis company Skymint Inc. has acquired 3Fifteen Cannabis in a deal that broadens the company’s position across the state.

LANSING — Food and animal safety products maker Neogen Corp. has bolstered its holding in the fast-growing veterinary market with the acquisition of an Atlanta-based companion animal health company. 

WALKER — Greatland Corp., which provides tax reporting services to businesses nationwide, has acquired a New York firm that provides W-2 and 1099 preparation forms and software.

GRAND RAPIDS — Sportsman Tracker Inc., creator of the HuntWise mobile app, announced this week that it has sold the business to a Texas-based company that offers online recreational safety education and certification programs.

KALAMAZOO — Foodservice and consumer brand packaging manufacturer Fabri-Kal Corp. has reached a definitive agreement to sell to Pactiv Evergreen Inc. in a deal valued at approximately $380 million. 

GRAND RAPIDS — Third-party data center maintenance service provider Service Express LLC has bolstered its international presence with the acquisition of a U.K.-based firm.

Spectrum Health and Beaumont Health have signed a formal integration agreement to advance plans for a blockbuster merger, the health systems announced today.

ADA — Century Technology Group Inc. continues to add to its portfolio of technology-focused companies with the acquisition of a Grand Haven-based emerging tech and media firm.

TRAVERSE CITY — Specialty auto insurer Hagerty Group LLC will combine with special purpose acquisition company Aldel Financial Inc. in a $3 billion deal that would make Hagerty a publicly traded company once the merger closes.

LANSING  — Franchised moving company Two Men and a Truck/International Inc. has been sold to a leading provider of residential and commercial cleaning, restoration and moving services.

ST. JOSEPH — Family-owned temperature-controlled warehousing and logistics provider Hanson Cold Storage Co., which does business as Hanson Logistics, has been sold to a Southeast Michigan company. 

ROCKFORD — Wolverine World Wide Inc. has finalized a deal to acquire London-based premium women’s activewear brand Sweaty Betty.

ZEELAND — New York City-based private equity firm Blue Wolf Capital Partners has entered into a definitive agreement to sell Novo Building Products LLC.

The proposed merger between Spectrum Health and Beaumont Health that would form the largest in-state health system in Michigan has drawn concern from a statewide business-labor coalition that worries about the resulting potential for higher prices.

GRAND RAPIDS — Spectrum Health, which was created through a merger more than two decades ago and went on to become West Michigan’s largest health care provider, intends to merge with Southfield-based Beaumont Health.

Lake Michigan Credit Union will gain a larger presence along Florida’s Gulf Coast with the acquisition of a community bank.

The family investment company of Doug and Maria DeVos has acquired a majority stake in Walstrom Marine Inc., a yacht sales and service company and marina operator in Northern Michigan.

WALKER — Pallet recycler Kamps Inc. announced this week that it has signed a definitive purchase agreement to buy an Ohio packaging solutions provider and its subsidiaries.

ROCKFORD — Rockford Brewing Co. LLC has unveiled plans to renovate a nearby historic building and expand with the new Malph’s Pizza Pub concept. 

KALAMAZOO — Zeigler Automotive Group has added a new brand to its portfolio after announcing the purchase of a new location in Northwest Indiana.

GRAND RAPIDS — Snack food company Utz Brands Inc. has acquired a partnering Grand Rapids-based tortilla chip manufacturer and its facility as part of a $41 million deal.

NORTON SHORES — Seabrook Plastics Inc., a molder of plastic parts primarily for the automotive and defense industries, recently finalized the sale of its company to a fellow lakeshore-based plastic parts manufacturer.

TRAVERSE CITY — A Boston private equity firm has acquired Traverse City-based High Street Insurance Partners Inc., an insurance brokerage platform company formed in 2018 that has since acquired two-dozen agencies across the U.S.

Turn Key Installation LLC, a Grandville-based contracting company that specializes in conveyor systems, made a recent strategic acquisition by purchasing another West Michigan business.

Experts view the mergers and acquisitions market and U.S. economy with slightly more optimism than six months ago, although the prospect of corporate and other federal tax increases has them concerned about the resulting effects on deal flow.