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Mophie to invest $685,000 in Kalamazoo County

Written by | Thursday, 08 December 2016 11:14 |

Mophie LLC plans to invest $685,000 in an expansion project in Texas Township, approximately 10 miles southwest of Kalamazoo.

Entergy Corp. announced this morning that it will close the Palisades Power Plant in Southwest Michigan.

Peter Kjome, the president and CEO of Grand Rapids Symphony, has accepted a position as president and CEO of the Baltimore Symphony Orchestra.

Wege Foundation appoints new board chair

Written by | Tuesday, 06 December 2016 15:58 |

The Wege Foundation of Grand Rapids has named Jonathan Wege as chair of the foundation’s Board of Trustees.

Blue Wolf Capital Partners LLC, a New York-based private equity firm, has acquired the North American operations of New Zealand-based Tenon Limited.

Lynx Network Group Inc. will become part of Cleveland-based Everstream Solutions LLC in a deal set to finalize in January 2017.

Five West Michigan companies rank among the top performing organizations in the nation for providing an inclusive environment for lesbian, gay, bisexual and transgender (LGBT) workers.

Universal Forest Products Inc. has purchased its second Australian firm.

Stakeholders looking to redevelop one of West Michigan’s most storied industrial sites and attract high-quality manufacturing jobs have brought on a new partner.

Meijer President Keyes promoted to CEO

Written by | Friday, 02 December 2016 14:42 |

Meijer Inc. President Rick Keyes has been promoted to the role of CEO of the privately-held grocery retailer.

Spurred on by the likes of developers such as Rockford Construction Co. Inc., Ryan Ogle now hopes to make his own mark along the Bridge Street corridor on Grand Rapids’ west side.

Neogen Corp. has acquired Quat-Chem Ltd., a chemical manufacturer of biocidal cleaning and disinfectant products based in the United Kingdom.

Ford Airport in Grand Rapids hires new CEO

Written by | Thursday, 01 December 2016 09:35 |

James “Jim” Gill will be the new President & CEO of Gerald R. Ford International Airport.

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.

Detroit-based law firm Honigman Miller Schwartz and Cohn LLP plans to open a Grand Rapids office led by veteran M&A attorney Tracy Larsen.

LANSING — The Michigan Economic Development Corp. could expand its toolbox of incentives under a proposed payroll tax abatement program.

GRAND RAPIDS — Randy Rua left NuVescor Group LLC seven years ago to break out on his own and launch an M&A firm that focused on working with small business owners.

MiBiz Growth Report: Nov. 28, 2016

Written by | Sunday, 27 November 2016 16:26 |

Here is the MiBiz Growth Report for Nov. 28, 2016:

  • • M&A: Caledonia-based insurance broker Acrisure LLC has completed the $2.9 billion management-led buyout of private equity firm Genstar Capital. Greg Williams, Acrisure’s co-founder and CEO, and a consortium of minority investors led the buyout of the San Francisco-based Genstar Capital, which three years ago committed $75 million in capital to the company. That investment enabled Acrisure to embark on an aggressive growth and acquisition strategy and become one of the 15 largest insurance brokers in the nation. Since mid-2013, Acrisure has acquired 138 independent insurance agencies across the nation, establishing a presence in 26 states and growing revenues from $38 million to more than $670 million in 2016. Acrisure closed on nearly 50 acquisitions so far this year and will likely end 2016 with 60 deals, Williams said.

A microbrewery could soon makes its way to Grand Rapids’ southeast side.

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