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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.

Brian Britton has been named president and CEO of National Heritage Academies.

Riverside, Mo.-based NorthPoint Development sees opportunity in former automotive manufacturing sites around the state’s capitol.

Insurance broker Acrisure LLC of Caledonia has completed the $2.9 billion management-led buyout of private equity firm Genstar Capital.

Madcap Coffee plans Downtown Market location

Written by | Tuesday, 22 November 2016 09:51 |

Madcap Coffee Company Inc. plans to expand its downtown presence.

GRCC board names college’s 10th president

Written by | Monday, 21 November 2016 10:34 |

Grand Rapids Community College has today named Bill Pink as the college’s next president.

After a successful launch last year in Kent County, Priority Health has extended a narrow-network insurance product into Southwestern Michigan for consumers who buy their own health coverage.

After 35 years under the ownership of founder Arlen Smith, Central Interconnect Inc. has been sold to new owners at the culmination of an 18-month-long process.

A $6 million federal grant will pay for Grand Rapids Community College to train more health care workers.

North Central Co-op will invest $10.1 million in an expansion project at its feed mill in Newaygo County.

The state’s Department of Talent and Economic Development (TED) will likely have a new director come end of the month.

Michigan State University researchers seeking financial backing to commercialize an innovation now have a potential capital source available right on campus.

Martin Stein, founder and managing director of Grand Rapids-based private equity firm Blackford Capital, was named Private Equity Professional of the Year in the 15th Annual M&A Advisor Awards.

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