rss icon

 

 

California Closets plans to establish a new manufacturing facility in Grand Rapids in a bid to support customers in the country’s eastern portion.

Mercy Health Saint Mary’s in Grand Rapids, Holland Hospital and Spectrum Health Zeeland Community Hospital rank among the top hospitals in the U.S. for 2017.

Fuel distributor Crystal Flash Inc. has expanded its geographic footprint into Southeast Michigan with a new acquisition, its tenth since 2011.

Patriot Solar Group LLC of Albion on Monday filed Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan.

Former prime minister of the United Kingdom, David Cameron, will visit Grand Rapids on June 19 to speak at The Economic Club of Grand Rapids 30th Annual Dinner meeting.

Spartan Motors Inc. struck a deal with Ed M. Feld Equipment Co. to serve as the Iowa-based dealership’s exclusive manufacturer for fire truck components.

Yanfeng US Automotive Interiors Systems II LLC plans to lay off 27 employees from its manufacturing facility located at 7009 W. Mount Hope Highway in Lansing.

A group of investors hopes to redevelop one of downtown Grand Rapids’ last vacant buildings into low-income housing.

Steelcase Inc. has partnered with global tech to capitalize on the growing market for connected devices in the office.

Universal Forest Products Inc. plans to break into the hardwood products with the acquisition of an Indiana-based manufacturer.

MiBiz Growth Report: March 6, 2017

Written by | Sunday, 05 March 2017 20:23 |

Here is the MiBiz Growth Report for March 6, 2017:

• M&A: American Grease Stick Co. of Muskegon was acquired last year by 3 Rivers Capital, a Pittsburgh, Pa.-based private equity firm. A manufacturer of branded automotive fluid transfer lines and related products for the automotive aftermarket industry, AGS has operations in Muskegon and the U.K. The company, which was founded in 1931, sells products through a variety of aftermarket retailers, including Advanced Auto Parts, AutoZone and Pep Boys, according to a statement. 3 Rivers purchased the company for $10 million from the Rosen family, according to a report in the Pittsburgh Business Times. The deal was backed by $9.75 million in subordinated debt and an equity co-investment from PNC Mezzanine Capital. JP Morgan Chase also provided debt financing for the transaction. Metz Lewis Brodman Must O’Keefe LLC of Pittsburgh served as legal counsel to 3 Rivers Capital. The sellers worked with investment banker Stout Risius Ross Inc. of Chicago.

Blue Cross Blue Shield of Michigan credits closer ties with doctors and hospitals to drive efficiency and quality improvements with leading to lower rates for small businesses.

Despite the rapid expansion of Michigan farmland dedicated to growing hops and grains for the state’s craft beverage sector, experts say the industry has more room to grow. A new Michigan State University Product Center study examines the potential economic impact for Michigan craft breweries to produce beer exclusively with in-state ingredients.

Dennis Eidson will retire as CEO on May 23 after more than 14 years with Byron Center-based SpartanNash Co.

Clark Brothers Construction Inc. filed for Chapter 7 bankruptcy today in the U.S. Bankruptcy Court for the Western District of Michigan.

Breaking News

May 2017
S M T W T F S
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

Follow MiBiz