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Bankers in West Michigan and nationwide could get some regulatory relief this year.

Published in Finance

Over the past decade, many small business owners put off expansions or capital equipment purchases for as long as they could.

Published in Small Business

Citing decisions to restructure leasing and make tenant improvements on their own, the owners of a major Grand Rapids development today asked the state for administrative approval to amend its loan agreement.

Published in In the News
Sunday, 15 May 2016 12:30

MiBiz Growth Report: May 16, 2016

Here is the MiBiz Growth Report for May 16, 2016: 

• M&A: Indianapolis-based The XLerate Group, a portfolio company of Detroit-based private equity firm Huron Capital Partners LLC, has acquired Jenison-based Grand Rapids Auto Auction. The deal represents the second acquisition in a year for The XLerate Group, which acquired Schoolcraft-based Greater Kalamazoo Auto Auction in May 2015. XLerate provides dealer-to-dealer auto auctions for used vehicles. Grand Rapids Auto Auction, located at 2380 Port Sheldon Ct., provides used vehicle remarketing to fleet and leasing companies and dealers in Michigan, Illinois and Ohio. Terms of the deal were undisclosed. Through the acquisition, XLerate now has local auto auctions that operate 17 physical and mobile sites in Michigan, South Carolina, California, Texas, Wisconsin and Florida.

Published in In the News

Following a two-year preparation process, Crystal Flash has successfully transitioned to a 100-percent employee-owned company.

Published in In the News

Orion Construction Inc. and The Gilmore Collection broke ground today on the long-planned Venue Tower project that will bring 88 new apartments and a music venue to the corner of Fulton Street and Monroe Avenue in Grand Rapids.

Published in In the News

The expansion of New Holland Brewing Company LLC to Grand Rapids’ west side cleared another hurdle today. At a meeting of the Michigan Strategic Fund board this morning in Lansing, the proposed $25 million mixed-use project received approval for a $2.5 million Michigan Community Revitalization Program (CRP) loan to assist in bridging a finance gap.

Published in In the News

The new owners of Grandville-based Jireh Metal Products Inc. hope that the traditional manufacturing company can benefit from some growth and leadership strategies gleaned from their experience in other industries.

Published in Manufacturing

Executives say the integration of Mercantile Bank Corp. and the former Firstbank Corp. is nearly complete following their merger last summer.

Published in In the News

Owners who want to sell their businesses need to begin preparing years in advance and plan carefully to do it right, M&A experts say.

Published in Finance
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