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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

Office furniture dealerships must innovate their business models to adjust to a slow-growing, mature industry and shifting customer preferences. These days, fresh faces are spearheading those changes as executives who’ve helmed those dealerships for years start to approach retirement age.

Published in Manufacturing

Just as physical walls have come down in office spaces in recent years, so too have the informal barriers that have long prevented workplaces from being fun environments.

Published in Manufacturing
Wednesday, 10 December 2014 10:28

Groundfloor furniture showroom coming to Blue35

Blue35, the collaborative workspace development between Haworth Inc. and Rockford Construction Company will soon have a new tenant on its ground floor.

Published in In the News

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