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Alphabroder to close facility in Niles

Written by | Tuesday, 31 May 2016 15:40 |

Broder Bros Co., the owner of national apparel retailer Alphabroder, plans to close its Niles facility by Sept. 30, 2016, according to a filing with the Worker Adjustment Retraining and Notification (WARN) act.

MiBiz Growth Report: May 31, 2016

Written by | Sunday, 29 May 2016 11:53 |

Here is the MiBiz Growth Report for May 31, 2016. 

  • M&A: Sun Capital Partners Inc., a Florida-based private equity firm, has acquired convenience store operator Admiral Petroleum Co. and Lemmen Oil Co. in Coopersville. Admiral operates 130 Admiral gas stations and convenience stores in Michigan and Indiana, plus nine under the Lemmen brand name. Terms of the deal were not disclosed. Sun Capital named Jeff Turpin, a 20-year veteran of the convenience store industry, as CEO. Turpin previously served as chairman and CEO of VPS Convenience Store Group, a former portfolio company of Sun Capital.

Home Sweet Home In-Home Care, a St. Joseph home care provider, has acquired Ability In-Home Care.

U-M Health System joins Together Health

Written by | Friday, 27 May 2016 13:36 |

The University of Michigan Health System has joined Together Health Network, a statewide care network formed two years ago between the Michigan operations of Trinity Health and Ascension Health.

National Coatings Inc. in Traverse City has been acquired by Color Masters Painting of Raleigh, N.C.

Despite a first quarter revenue decline, executives at grocery retailer and food distributor SpartanNash Co. say they’re hungry for new business opportunities and possibly acquisitions.

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

Sun Capital, a Florida-based private equity firm, has acquired convenience store operator Admiral Petroleum Co. and Lemmen Oil Co. in Coopersville

Faced with difficulty in attracting tenants, a Grand Rapids developer will halt plans for a proposed high-amenity office tower in downtown’s Heartside neighborhood and explore other options for the project.

Responsibly managing corporate finances increasingly requires the best financial executives to expand their scope by branching out into other roles. That was one key message this year’s winners in the MiBiz CFO of the Year Awards shared during a best practices panel discussion this week.

Restaurant operator Meritage Hospitality Group Inc. (OTCQX: MHGU) unveiled plans for future growth at its annual shareholder meeting earlier this week.

Kraft Heinz Company has taken the next step in a company-wide consolidation strategy that began in 2015 after Kraft Food Group Inc. merged with H.J. Heinz Company.

Bosch Emissions Systems US will shutter its Kentwood facility by Sept. 30, 2017.

In an effort to strengthen retail activity in West Michigan, two commercial real estate brokerages have announced a new partnership.

GRAND RAPIDS — The managers of Michigan Accelerator Fund I are seeking to raise up to $5 million from investors to provide further financial backing to portfolio companies.

BYRON CENTER — West Michigan could become a hub for innovative waste processing companies in the coming years.

MiBiz Growth Report: May 16, 2016

Written by | Sunday, 15 May 2016 12:30 |

Here is the MiBiz Growth Report for May 16, 2016: 

• M&A: Indianapolis-based The XLerate Group, a portfolio company of Detroit-based private equity firm Huron Capital Partners LLC, has acquired Jenison-based Grand Rapids Auto Auction. The deal represents the second acquisition in a year for The XLerate Group, which acquired Schoolcraft-based Greater Kalamazoo Auto Auction in May 2015. XLerate provides dealer-to-dealer auto auctions for used vehicles. Grand Rapids Auto Auction, located at 2380 Port Sheldon Ct., provides used vehicle remarketing to fleet and leasing companies and dealers in Michigan, Illinois and Ohio. Terms of the deal were undisclosed. Through the acquisition, XLerate now has local auto auctions that operate 17 physical and mobile sites in Michigan, South Carolina, California, Texas, Wisconsin and Florida.

Cloud Access.net LLC, an online hosting and web support company, has been acquired by New York City private equity firm Cloud Equity Group LLC.

International food processor and marketer Tyson Foods, Inc. has contributed $80,000 to the Sack Supper program at Kids’ Food Basket.

After 13 years of operating as the Michigan Alternative Energy Center (MAREC), the 25,000-square-foot facility will be rebranded as the Muskegon Innovation Hub, according to the university.

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