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Sunday, 03 September 2017 17:00

MiBiz Growth Report: Sept. 5, 2017

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.

Published in In the News

Fox Motors Group LLC has entered the mid-Michigan market with its acquisition of Ann Arbor Automotive Inc.

Published in In the News
Sunday, 11 October 2015 20:28

MiBiz Growth Report: Oct. 12, 2015

Here is the MiBiz Growth Report for Oct. 12, 2015:

Published in Economic Development

After 15 months of construction, Grand Rapids-based Fox Motors Group LLC opened the doors to its new Fox Ford Lincoln of Chicago dealership.

Published in In the News

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