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TowerPinkster wins national employment awards

Written by | Wednesday, 26 October 2016 11:22 |

Kalamazoo and Grand Rapids-based architecture and engineering firm TowerPinkster has garnered national praise.

Citing a “challenging external environment,” Whirlpool Corp. reported flat earnings for its third quarter ending Sept. 30.

Porter Corp. has been acquired by PlayCore Holdings Inc., a Chattanooga, Tenn.-based manufacturer of playground equipment.

Automotive supplier Gestamp North America Inc. will invest $158 million to expand its manufacturing facilities in Chelsea and Mason.

Ferris Coffee & Nut Co. has acquired Kalamazoo-based Lush Gourmet Foods, a maker of flavored peanut and almonds.

Mercy Health Saint Mary’s plans to open a neurology clinic in Grand Haven to treat patients in the lakeshore area with neurological diseases, disorders and injuries.

Grand Rapids-based Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the country’s largest owners and operators of Wendy’s fast food restaurants, has tapped a new line of credit to continue its expansion.

Spectrum Health and its joint venture with Holland Hospital jumped full force into backing a ballot question in the lakeshore township where they’re developing a $55 million medical campus.

Attorneys working in the field of M&A like to say that there’s a story behind every transaction. That notion was on full display at last night’s MiBiz M&A Deals and Dealmakers of the Year Awards held at the Studio D2D in Grand Rapids. A common theme among the winners and finalists was a desire to preserve the culture of a company created by the sellers, even as the firm went through the transaction process.

After growing rapidly and closing dozens of transactions with the backing of private equity, executives and minority shareholders at insurance broker Acrisure LLC are acquiring a majority stake in the company.

Despite relatively flat light vehicle production globally, Gentex Corp. generated double-digit sales growth in its third quarter, continuing a trend the company has maintained since the beginning of the year.

Saginaw-based finance and commercial development firm The Wirt-Rivette Group plans a new residential project near downtown Grand Rapids.

An ongoing saga of volatility in the global retail market has continued to drive down performance at Wolverine World Wide Inc.

Mercantile Bank shows strong growth in Q3 report

Written by | Tuesday, 18 October 2016 09:35 |

Mercantile Bank Corp. grew earnings by nearly 7 percent in the third quarter while recording strong loan growth.

With increasing demand for fresh, specialty groceries, Walker-based Meijer Inc. has started to look outside the big box retail format it’s known for, even if the retailer doesn’t like to admit it. 

MiBiz Growth Report: Oct. 17, 2016

Written by | Sunday, 16 October 2016 19:27 |

Here is the MiBiz Growth Report for Oct. 17, 2016: 
• M&A: Grand Rapids-based Ranir LLC, a manufacturer of a variety of oral care products, has acquired Toronto-based BrushPoint, a maker of toothbrushes. In the deal, for which terms were not disclosed, Ranir will increase its product offerings and distribution footprint in the U.S., Canada and Europe. The BrushPoint acquisition comes on the heels of a deal in July of this year in which Ranir purchased the Rembrandt teeth-whitening brand from Johnson & Johnson Consumer Inc. Last month, the company also said it had purchased the 200,000-square-foot facility at 4701 East Paris Ave. SE where it had been a tenant for 20 years.

After leaving their positions at Blackford Capital earlier this year, Jeff Helminski and Jack Kolodny have launched their own private equity firm with a goal to fill a gap in the market.

Metro Health can now begin performing angioplasty on an elective basis after earning state approval.

First National Bank (FNB) of Michigan plans to open a Holland office and has hired a veteran banker as market leader.

Grand Ledge-based Kuntzsch Solutions has come together with Public Sector Consultants of Lansing to form one organization.

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