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BENTON TOWNSHIP — One Southwest Michigan manufacturer hopes that a newly renovated facility will help grow its line of interior architectural products and serve as an incubation center for other new concepts.

Published in Manufacturing
Sunday, 05 March 2017 20:23

MiBiz Growth Report: March 6, 2017

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.

Published in In the News
Wednesday, 15 February 2017 13:37

Special-Lite invests $1M in Benton Harbor

Special-Lite Inc. has invested $1 million in an expansion project that will alleviate capacity constraints and allow for further growth.

Published in In the News
Sunday, 30 August 2015 14:10

MiBiz Growth Report: Aug. 31, 2015

Here is the MiBiz Growth Report for Aug. 31, 2015.

Published in Economic Development

After developing a strong regional reputation for the quality of its products, one West Michigan manufacturer is looking to expand its market and open new doors for growth.

Published in Manufacturing

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