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Sunday, 13 May 2018 17:55

MiBiz Growth Report: May 14, 2018

Here is the MiBiz Growth Report for May 14, 2018.

Published in In the News

HexArmor, a Grand Rapids-based personal protective equipment manufacturer, will invest $8.7 million into a Kent County facility and plans to create roughly 50 jobs over the next three years.

Published in In the News

After a major customer moved a supply contract to a Chinese company, a Muskegon-area manufacturer needed capital to retool for the new business coming in to replace what it had lost.

Published in Finance

The Grand Rapids Downtown Market continues to restructure long-standing debt tied to a state economic development incentive as it attempts to stabilize its finances.

Published in In the News
Sunday, 04 February 2018 14:23

MiBiz Growth Report: Feb. 5, 2018

Here is the MiBiz Growth Report for Feb. 5, 2018

• M&A: Grand Rapids-based Alliance CNC Cutter Grinding Services Inc. was acquired by GWS Tool Group LLC of Tavares, Fla., according to a statement. Alliance CNC is a designer and manufacturer of tight tolerance drills, reamers and micro-tools. With the deal, GWS adds hole-making tool capabilities to its existing focus in round tools, endmills and inserts. Terms of the deal were not disclosed, but Alliance CNC will continue to operate out of its Grand Rapids area plant with its existing management team. GWS Tool Group is a vertically integrated manufacturer of engineered cutting tools for the aerospace, defense, power generation, automotive and medical industries.

Published in In the News

For the fourth time since 2014, the Grand Rapids Downtown Market has asked permission to keep paying only the interest on its loans tied to a state economic development incentive as it seeks to restructure its debt load.

Published in In the News
Sunday, 21 January 2018 13:09

MiBiz Growth Report: Jan. 22, 2018

Here is the MiBiz Growth Report for Jan. 22, 2018: 

• M&A: Bridgman-based Kruger Plastic Products has been acquired by Chicago-based private equity firm HC Private Investments, according to a statement. Kruger President Pat Brandstatter and VP of Engineering Dirk Kruger retained “significant stakes” in the custom injection molding company. Terms of the deal were not disclosed. Grand Rapids-based Varnum LLP served as legal counsel to Kruger, which was advised on the transaction by BlueWater Partners LLC, a Grand Rapids-based investment banking and consulting firm.

Published in In the News

GRAND RAPIDS — After running into challenges with leasing retail space at a prominent downtown redevelopment, a DeVos-held entity got permission from the state to delay its incentive loan repayments.

Published in Commercial Real Estate

GRAND RAPIDS — The developers of a mixed-use project being built on the southwest side of downtown just completed an $8.7 million capital raise to finalize a construction loan.

Published in Commercial Real Estate

An affiliate entity of Rockford Construction Company Inc. today received approvals and state Brownfield funds from the board of the Michigan Strategic Fund to move forward with its proposed “superblock” on Grand Rapids’ west side.

Published in In the News
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