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Superior Environmental completes ESOP

Written by | Wednesday, 02 August 2017 12:04 |

Environmental consulting, engineering and construction-related services firm Superior Environmental Corp. is now 100-percent employee-owned.

Third Coast Development LLC has bolstered its holdings in the hospitality business.

The former CEO of the Michigan Economic Development Corp. will lead a consulting subsidiary of Detroit-based law firm Miller Canfield Paddock and Stone PLC.

Two advertising services companies have joined forces in a bid to create a “one-stop shopping” experience for their clients.

The losses health insurers in Michigan incurred last year on individual policies led to the large rate increases proposed for 2018 and moved the market to a “very delicate point,” according to one industry analyst.

Stryker Corp. raised sales and earnings expectation for 2017 after recording a strong second quarter.

Macatawa Bank Corp. recorded strong earnings growth for the second quarter.

ChoiceOne reports record Q2 earnings

Written by | Thursday, 27 July 2017 11:27 |

ChoiceOne Financial Services Inc., the Sparta-based parent company of ChoiceOne Bank, recorded a second straight period of record earnings for the second quarter.

After months of speculation and rumors, Short’s Brewing Co. said today that it plans to sell a 20-percent equity stake to a division of Dutch brewer Heineken International.

The Tribal Council of the Saginaw Chippewa Indian Tribe of Michigan has unanimously approved a decision to renovate its Mt. Pleasant casino.

Philanthropists in Grand Rapids and Kalamazoo give to improve their respective communities, but they go about it in vastly different ways.

Two pending deals where West Michigan-based credit unions are buying small community banks follow an emerging trend nationally.

MiBiz Growth Report: July 24, 2017

Written by | Sunday, 23 July 2017 14:23 |

Here is the MiBiz Growth Report for July 24, 2017.

• M&A: Ludington-based West Shore Bank acquired Ellis Capital Management in Muskegon. The deal, which closed July 17, extends West Shore Bank’s wealth management services into Muskegon, Ottawa and Kent counties. The bank, with assets of $426 million, previously provided wealth management at its seven branches in Ludington, Manistee and Hart. Ellis Capital Management founder David Ellis, who started the firm in 1997, and his staff joined West Shore Bank’s Wealth Management group. He became a senior vice president primarily responsible for growing the Grand Rapids and Muskegon regions. Ellis Capital Management offices in downtown Grand Rapids and Muskegon will operate under the name of West Shore Bank-Wealth Management. Warner Norcross & Judd LLP advised West Shore Bank in the transaction. Ellis Capital Management was advised by the law firm of Parmenter O’Toole PC.

Ridges of Cascade sells for $57 million

Written by | Friday, 21 July 2017 12:28 |

A 237-unit high-end apartment complex in suburban Grand Rapids has sold for $57 million, MiBiz has learned.

Local grocer Duthler’s Family Foods will close its Bridge Street location on Grand Rapids’ northwest side, according to a sign on the door and multiple media reports.

West Shore Bank has acquired a wealth management firm in Muskegon.

Mercantile Bank Corp. today reported net income of $7.3 million, or 45 cents per share, for the second quarter with strong loan growth that’s projected to continue through the year.

Office furniture distributor Custer Inc. is growing its electrical services division through an acquisition.

Amid a tight industrial real estate market, new construction continues to take hold.

Neogen appoints Adent as CEO

Written by | Monday, 17 July 2017 09:00 |

The head of a major Neogen Corp. customer is taking over as CEO of the maker of food and animal safety products.

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