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GRAND RAPIDS — Software development firm Blue Medora LLC raised nearly $7.5 million in capital in what one expert calls a “tough” but “good” environment for companies seeking investors.

Published in Finance
Sunday, 12 June 2016 15:34

MiBiz Growth Report: June 13, 2016

Here is the MiBiz Growth Report for June 13, 2016.

• M&A: National Coatings Inc. in Traverse City was acquired by Color Masters Painting of Raleigh, N.C. Terms of the deal were not disclosed. Established in 1996, National Coatings is a commercial and industrial painting company. Color Masters employs 120 people and will add 160 employees with the acquisition as it targets 2017 sales of $30 million, according to owner and founder Zeb Hadley. M&A firm Calder Capital LLC in Grand Rapids represented National Coatings and sourced the buyer.

Published in In the News

Manistique-based Mackinac Financial Corp. will extend its footprint in Wisconsin with a planned acquisition of Niagara Bancorporation.

Published in In the News

Mike Damstra’s chance to fill a gap in his company’s service footprint along the lakeshore arose last year when North Ottawa Community Health System came knocking.

Published in Health Biz

The $62 million investment in an Ann Arbor drug developer, the largest-ever venture capital investment in Michigan, has the potential to drive momentum in the state’s investment capital industry going forward.

Published in Finance

A sentiment survey commissioned in mid-November found widespread satisfaction among respondents about the state’s direction and expectations that the Michigan economy will either hold steady or improve over the next year.

Published in Crystal Ball

Lennon’s work also has him active in the Michigan chapter of the Urban Land Institute, which plans to increase and expand its events and services around the state in the coming year.

Published in Crystal Ball
Sunday, 07 June 2015 15:39

MiBiz Growth Report: June 8, 2015

Here is the MiBiz Growth Report for June 8, 2015:

Published in Economic Development

Selling a business requires a lot of preparation that many owners don’t always go through prior to pursuing a prospective buyer.

Published in Finance

Just eight months after launching the company to acquire a portion of Johnson Controls Inc.’s automotive interiors unit, Motus Integrated Technologies LLC has cut a deal to expand its business.

Published in Finance
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