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GRAND RAPIDS — The pending acquisition of TCSB Bancorp Inc. gives Independent Bank Corp. a position in an attractive banking market in Northwestern Michigan.

Published in Finance
Sunday, 04 February 2018 14:23

MiBiz Growth Report: Feb. 5, 2018

Here is the MiBiz Growth Report for Feb. 5, 2018

• M&A: Grand Rapids-based Alliance CNC Cutter Grinding Services Inc. was acquired by GWS Tool Group LLC of Tavares, Fla., according to a statement. Alliance CNC is a designer and manufacturer of tight tolerance drills, reamers and micro-tools. With the deal, GWS adds hole-making tool capabilities to its existing focus in round tools, endmills and inserts. Terms of the deal were not disclosed, but Alliance CNC will continue to operate out of its Grand Rapids area plant with its existing management team. GWS Tool Group is a vertically integrated manufacturer of engineered cutting tools for the aerospace, defense, power generation, automotive and medical industries.

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