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Displaying items tagged: mergers and acquisitions

Sunday, 07 February 2016 22:38

MiBiz Growth Report: Feb. 8, 2016

Here is the MiBiz Growth Report for Feb. 2, 2016:

Published in Economic Development
Sunday, 07 February 2016 22:06

Chemical, Huntington acquisitions signal renewed momentum in M&A market

A pair of deals would give Chemical Financial Corp. and Huntington Bancshares Inc. larger footprints in Michigan and could renew the momentum for bank M&A in the state.

Published in Finance
Monday, 01 February 2016 12:56

Stryker signs agreement to acquire Illinois-based Sage Products

The Kalamazoo-based Stryker (NYSE: SYK) is buying Sage Products from private equity firm Madison Dearborn Partners in Chicago. The Cary, Ill.-based Sage Products had sales of $430 million in 2015, a 13-percent increase from the prior year.

Published in Breaking News

Sunday, 31 January 2016 21:25

PE firm acquires New Mission Organics hop farm in Northern Michigan

After a decade of steady growth, one Northern Michigan hop farm and processing company plans to ramp up its operations with an injection of capital from an in-state private equity firm.

Published in Breaking News
Thursday, 28 January 2016 12:53

Service Express acquires Pennsylvania firm

The acquisition gives the Grand Rapids-based Service Express a market presence in the Pittsburgh area. Founded in 1986, the company services more than 2,500 maintenance customers through 33 offices in 15 states.

Published in Breaking News
Thursday, 28 January 2016 09:34

Fleet Engineers buys N.C. truck and trailer accessory manufacturer

Fleet Engineers Inc. of Muskegon has expanded its truck and trailer business with the acquisition of Charlotte, N.C.-based Save-A-Load Inc., a maker of cargo bars for tractor trailers and pickups.

Published in Breaking News

Tuesday, 26 January 2016 14:49

Analysts question Talmer Bancorp price in $1.1 billion deal with Chemical Financial

What executives tout as a “merger of equals” with Chemical Financial Corp. represents what one institutional shareholder for Talmer Bancorp Inc. considers a deal that should get voted down.

Published in Breaking News
Tuesday, 26 January 2016 11:21

Fixture Finders acquired by Illinois-based global firm

Fixture Finders LLC, a retailer of used shelving systems, has been acquired by Illinois-based Hilco Merchant Resources LLC, a division of business service provider Hilco Global, according to a statement released yesterday.

Published in Breaking News
Tuesday, 26 January 2016 10:44

Mill Steel moves Louisville operations to Port of Indiana

Mill Steel Co. announced today that it will consolidate its Louisville-based Steel Structural Products LLC business into its operations at the Port of Indiana, Jeffersonville.

Published in Breaking News

Tuesday, 26 January 2016 08:59

Chemical Financial to acquire Talmer Bancorp in $1.1 billion deal; Huntington Bank to buy FirstMerit for $3.4 billion

Chemical Financial Corp. plans to acquire Talmer Bancorp Inc. in a $1.1 billion deal that will create one of the largest banks in the Midwest.

Published in Breaking News
Tuesday, 26 January 2016 08:37

OST acquires Visualhero Design

Open Systems Technologies Inc. of Grand Rapids has acquired Grand Rapids-based design consulting firm Visualhero Design Inc.

Published in Breaking News
Monday, 25 January 2016 05:09

Blackford acquires Hastings-based Quality Aluminum Products

Quality Aluminum Products Inc. — a maker of siding, gutters, roof edging and other exterior products for the residential housing industry — became the seventh portfolio company for the Grand Rapids-based Blackford Capital’s Michigan Prosperity Fund.

Published in Breaking News

Sunday, 24 January 2016 22:16

Michigan’s craft beverage industry could prove attractive for acquisitions

Despite a long career in the beer distribution business, Keith Klopcic lacked expertise in making the beverages he sold to bars and retailers around the state of Michigan. So when the opportunity arose to buy Comstock Park-based Perrin Brewing Co. last year, he tapped a partner with extensive craft brewing resources who had the know-how to help him continue scaling up the business.

Published in Food/Agribusiness
Sunday, 24 January 2016 22:15

Health care, financial sectors remain hot markets for M&A

Mike Damstra’s chance to fill a gap in his company’s service footprint along the lakeshore arose last year when North Ottawa Community Health System came knocking.

Published in Health Care
Sunday, 24 January 2016 22:09

Perrigo’s cost-cutting plans, product pipeline boost forecast for 2016

Two months after fending off a hostile takeover bid, Perrigo Co. plc raised its earnings expectations for 2016, a byproduct of projected growth and a cost-cutting plan the company launched last fall.

Published in Health Care

Sunday, 24 January 2016 22:54

Manufacturers turn to M&A to fill void in capacity

After running as lean as possible in the years following the recession, West Michigan manufacturers are embracing acquisitions as a strategy to add capacity and meet customer demand. That was the case for Grand Rapids-based Mill Steel Co. when it acquired certain assets of S&S Steel Services Inc. of Anderson, Ind.

Published in Manufacturing
Sunday, 24 January 2016 22:50

Mercantile Bank remains open to pursuing another merger

Chairman and CEO Mike Price told investors that the Grand Rapids-based Mercantile Bank (Nasdaq: MBWM) remains open to M&A, and even a transaction similar to the $151.5 million “merger of equals” it completed in July 2014 with the former Firstbank Corp.

Published in Finance
Friday, 22 January 2016 12:44

DeVos-held Windquest Group acquires Coppercraft Distillery of Holland

Grand Rapids-based Windquest Group Inc., the family office for Amway scion Dick DeVos and his wife, Betsy DeVos, that invests in a portfolio of companies, is getting into the booze-making business, MiBiz has learned.

Published in Breaking News

Tuesday, 19 January 2016 09:00

WMU medical school closes on Innovation Center acquisition

The Western Michigan University Homer Stryker M.D. School of Medicine completed the acquisition of the Southwest Michigan Innovation Center on Jan. 1. The medical school plans to use the Innovation Center to expand its research work.

Published in Breaking News
Friday, 15 January 2016 11:10

Grand Haven health system sells home medical business

The Grand Haven health system’s sale of North Ottawa Home Care Equipment was effective Jan. 1. CareLinc, which now has 20 locations in Michigan, retained the Grand Haven retail location, filling in a gap to its footprint in the lakeshore market where the company also has stores in Holland and Ludington.

Published in Breaking News
Tuesday, 12 January 2016 14:06

Mill Steel acquires Indiana steel supplier

Mill Steel Co. of Grand Rapids purchased certain assets of S&S Steel Services Inc. of Indianapolis, Ind., according to a statement. The deal that closed Jan. 11 helps Mill Steel expand its product portfolio and geographic presence.

Published in Breaking News

Sunday, 10 January 2016 23:40

MiBiz Growth Report: Jan. 11, 2016

Here is the MiBiz Growth Report for Jan. 11, 2016.

Published in Economic Development
Friday, 08 January 2016 13:38

Georgia-based interior building supplier acquires Gypsum Supply Co.

Gypsum Supply Co. Inc. of Byron Center has been acquired by Georgia-based Gypsum Management & Supply (GMS), a distributor of specialty interior building products.

Published in Breaking News
Friday, 08 January 2016 12:01

Lake Michigan CU, United Federal CU decide not to merge

A mega merger of two West Michigan credit unions has been called off. Instead of joining operations, Lake Michigan Credit Union in Grand Rapids and St. Joseph-based United Federal Credit Union will remain independent entities.

Published in Breaking News

Wednesday, 06 January 2016 09:39

Netech to be acquired by PE-owned NYC I.T. firm

Netech Corp., a family-owned business founded 19 years ago by James Engen in Grand Rapids, has signed a definitive agreement to be acquired by Presidio Inc. of New York City.

Published in Breaking News
Monday, 04 January 2016 16:49

Precision Aerospace acquires Comstock Park advanced manufacturer

Precision Aerospace Corp. has acquired the assets of Comstock Park-based CNC Precision Machining LLC, according to a statement released today.

Published in Breaking News
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