rss icon

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

Retailers have started to open up shop in the new Fulton Square mixed-use development in Grand Rapids’ Fulton Heights neighborhood.

Published in In the News

GRAND RAPIDS — Citing demand for more diverse housing products, developers cautiously have started exploring whether to market new condominiums for sale in Grand Rapids’ downtown district.

Published in Commercial Real Estate
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

The development arm of Grand Rapids-based general contracting firm Orion Construction Co. Inc. plans to build a new hotel in the southwest corner of Kent County.

Published in In the News

A local developer has scrapped plans for multifamily housing at a proposed twin-tower downtown Grand Rapids development to pursue a hotel tenant instead, MiBiz has learned.

Published in In the News

Developers of an apartment project along the Grand River north of downtown Grand Rapids secured state backing.

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

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
Page 1 of 4

Breaking News

June 2018
S M T W T F S
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Follow MiBiz