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Sunday, 04 March 2018 18:52

MiBiz Growth Report: March 5, 2018

Here is the MiBiz Growth Report for March 5, 2018:

• M&A: After nearly doubling the business over the last two and a half years, the private equity owners of Action Fabricators Inc. decided the market timing was right to find a partner to take the company to the next level. Last week, Chattanooga, Tenn.-based River Associates Investments LLC announced it had sold the Grand Rapids-based manufacturer of adhesive-backed products for the automotive and medical device industry to Boyd Corp. of Modesto, Calif. Terms of the deal were not disclosed. Action Fabricators grew revenues from around $45 million in 2015 to nearly $80 million at the time of the sale. President and CEO Jon Rudolph and the rest of the management team will stay on with the new owners. Boyd is a portfolio company of San Francisco-based Genstar Capital. Milwaukee, Wis.-based Robert W. Baird & Co. represented Action Fabricators in the deal.

Published in In the News
Sunday, 25 June 2017 20:33

MiBiz Growth Report: June 26, 2017

Here is the MiBiz Growth Report for June 26, 2017:

Published in In the News
Thursday, 15 June 2017 11:11

Adventure Credit Union to open new branch

After opening a new branch last month, Adventure Credit Union plans to begin work next week on another in the Grand Rapids-area market.

Published in In the News
Sunday, 11 December 2016 16:46

MiBiz Growth Report: Dec. 12, 2016

Here is the MiBiz Growth Report for Dec. 12, 2016: 

• M&A: Blue Wolf Capital Partners LLC, a New York-based private equity firm, has acquired the North American operations of New Zealand-based Tenon Limited. The company will be based in Grand Rapids and operate under a new name, Novo Building Products LLC. Novo is a manufacturer and distributor of speciality building products. Terms of the deal were not disclosed.

Published in In the News

Updates to a Michigan law now allow credit unions to branch into new services while streamlining their state regulatory burden.

Published in Finance

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