rss icon



Blue Cross Blue Shield of Michigan and Priority Health remain committed to selling individual health policies on the state’s public insurance exchange, even as a chief competitor opts to drop out of the market for next year.

Two previously announced mixed-use projects from 616 Development LLC appear to be moving forward, albeit with significant changes.

Grand Action to ‘idle’ organization

Written by | Friday, 15 September 2017 10:37 |

The steering committee behind some of downtown Grand Rapids’ largest economic drivers plans to put its organization on indefinite hiatus.

Chemical Financial Corp. plans to close and consolidate 25 more branches by the end of the year and trim its workforce 7 percent in a cost-cutting initiative that will generate $20 million in annualized savings.

Korea-based automotive supplier GNS America expects to invest $2.8 million and create 30 new jobs over the next two years as part of an expansion project in Holland Charter Township.

Austin, Texas-based Kestra Financial Inc. has acquired Rinvelt & David LLC, a wealth management firm in Grand Rapids.

GRAWN — A grower-owned fruit cooperative with several Western Michigan members has filed for Chapter 11 Bankruptcy protection, following a series of setbacks to its operations and annual harvest.

Auto-Owners Insurance plans Grand Rapids expansion

Written by | Wednesday, 06 September 2017 14:56 |

GRAND RAPIDS — Auto-Owners Insurance will expand its technology center operations in West Michigan.

Industrial Magnetics acquires Indiana manufacturer

Written by | Wednesday, 06 September 2017 14:08 |

Industrial Magnetics Inc. has purchased an Indiana manufacturer.

Metro Health CEO Faas to retire in 2018

Written by | Wednesday, 06 September 2017 11:42 |

Metro Health President and CEO Mike Faas plans to retire next year.

Mercy Health Muskegon names new president

Written by | Wednesday, 06 September 2017 09:05 |

Gary Allore, a veteran health care executive with nearly 30 years of experience in the market, was named president of Mercy Health Muskegon.

Kellogg to lay off 223 workers in Battle Creek

Written by | Tuesday, 05 September 2017 17:25 |

Global food manufacturer Kellogg Co. could lay off as many as 223 workers in 2018 as part of a larger manufacturing restructuring program.

KALAMAZOO — About a year ago, William Johnston and Bill Parfet, two local businessmen with long-time connections to Southwest Michigan, approached the city of Kalamazoo with a potentially transformational proposal.

GRAND RAPIDS — Closing on its first acquisitions should provide private equity firm Auxo Investment Partners momentum as it pursues additional deals in an active M&A market.

MiBiz Growth Report: Sept. 5, 2017

Written by | Sunday, 03 September 2017 17:00 |

Here is the MiBiz Growth Report for Sept. 5, 2017.

• M&A: U.K.-based Playtech acquired the technology, intellectual property and certain customer assets of ACM Group, whose CEO, Muhammad Al-Amin Rasoul, and management team are based in Grand Rapids. Playtech, a supplier of online gaming software, is listed on the London Stock Exchange and has 5,000 employees in 17 countries. Grand Rapids investment banking firm Charter Capital Partners served as financial adviser for ACM Group, a business-to-business market maker, dealer and broker in London. The deal is expected to close in early September. Terms include an initial upfront payment of $5 million, two staged payments based on the EBITDA of 2017 and 2018, and contingent consideration based on 2019 EBITDA. The total consideration for the transaction is capped at $150 million.

Page 9 of 148

Breaking News

December 2017
26 27 28 29 30 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
31 1 2 3 4 5 6

Follow MiBiz