BATTLE CREEK — Following several years of product development and commercialization, Micro Laser Assisted Machining Technologies LLC ended its first year of sales and is gearing up for further growth now that its first year of sales is behind it.
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.
Tim Parker wasn’t actively looking for a new opportunity when he came across a LinkedIn posting that intrigued him.
Grand Angels has named Tim Parker, a former R&D executive at Bissell Inc., as its new president.
Drug developer Tetra Discovery Partners LLC said it’s closed on $5 million in new venture capital funding.
Reda Jaber could have gone in a few directions after graduating in 2014 from the University of Michigan with a trio of graduate degrees.
GRAND RAPIDS — Software development firm Blue Medora LLC raised nearly $7.5 million in capital in what one expert calls a “tough” but “good” environment for companies seeking investors.
A Southwest Michigan biosciences firm plans to use a recent investment to move its cold weather- and drought-resistant seed technology from the research phase into developing new markets.
The investment volume lifted the amount invested by the Holland-based angel group to $19.6 million since 2004, an increase of 20 percent from a year earlier. Two pending new investments that should close in the first quarter should elevate that total to more than $20 million, executives said.
The newest venture capital fund based in West Michigan will seek to partner with other investors in the state to tap their expertise and additional pools of money.