Founders CEO denies reports brewery will repurchase shares to meet trade group’s membership requirementsBy Nick Manes and Joe Boomgaard
Contrary to a report in an international brewery trade publication, Founders Brewing Co. has no plans to repurchase some of its shares from its Spanish investors.
Rockford Construction Company Inc. continues to expand its presence on the west side of Grand Rapids.
Waterworks Car Wash LLC in Grand Rapids has sold to a Arizon firm with a growing presence in Michigan.
As it continues its streak of acquisitions, Meritage Hospitality Group Inc. (OTCQX: MHGU) remains on a growth trajectory.
Orion Construction Company Inc. today announced the formal completion of its most recent mixed-use residential project.
Marshall Excelsior Co. has been acquired by Harbour Group, a St. Louis-based private equity firm.
Oxx LLC, a manufacturer of rugged appliances, closed a $2 million capital raise earlier this month.
Here is the MiBiz Growth Report for April 17, 2017.
• M&A: Dallas-based America’s Auto Auction has acquired West Michigan Auto Auction of Wayland and Parma-based Interstate 94 Vehicle Auction as part of the company’s larger acquisition strategy. The Texas company closed on the deal April 1. Both West Michigan Auto Auction and Interstate 94 Vehicle Auction were owned by Carl Miskotten, who will remain as the general manager of both facilities, according to a report in Auto Remarketing. Prior to the deal, America’s Auto Auction acquired seven facilities from Baton Rouge, La.-based Auction Broadcasting Co. in January 2017. The company operates a total of 21 auction locations across the U.S. Terms of the deal were not disclosed.
A veteran executive from the Michigan Chamber of Commerce will join the administration of Gov. Rick Snyder.
Target Corp. this week announced plans to open a small-format store along East Grand River Avenue in downtown East Lansing.
About 20 years ago, energy experts predicted a major challenge with producing the amount of electricity needed to accommodate the huge growth of the internet and storing companies’ data on energy-intensive servers.
Driven by relatively affordable real estate and a diverse workforce, the West Michigan region has become a growing hub for call centers, administrative back offices and — to a lesser extent — data centers.
To date, nonprofit leaders have looked skeptically at the concept of compensating board members for their “volunteer” service.
EAST GRAND RAPIDS — Spectrum Health plans to relocate long-term acute care to Blodgett Hospital through a partnership with a major national provider in the field.
‘Back on track’: Backed by recap, improved economy, Community Shores Bank emerges from federal scrutinyWritten by Mark Sanchez
MUSKEGON — After more than six years of operating under increased regulatory scrutiny, CEO Heather Brolick wants people to know that Community Shores Bank Corp. is “back on track” and growing again.
KALAMAZOO — A $40 million venture capital investment in a company spun out of a Kalamazoo-based drug development firm comes with a new executive management team based across the country.
As the city of Grand Rapids considers selling publicly-owned land, it hopes to use a new method of engaging would-be developers looking to redevelop the parcels.
GRAND RAPIDS — What started as a business serving a niche of natural food aficionados has moved into the mainstream.
After years of leading the market for its signature technology, Fleetwood Electronics realized it let its position slip away.
In Michigan and two neighboring states that passed Right to Work laws, wages have grown slower than in three other Great Lakes states that have preserved collective bargaining rights.
THE RISE OF AN EPIDEMIC: As death toll mounts, employers can stand as a line of defense in battling opioid addictionWritten by John Wiegand
Last year, Larry Zeiser answered a phone call that would forever change the way he perceived drug abuse in West Michigan.
‘DISCOURAGING’: Proposed NIH funding cuts could hamper West Michigan’s nascent biomed research sectorWritten by Mark Sanchez
GRAND RAPIDS — In the three years since Peter Jones moved from Los Angeles to Grand Rapids, he’s helped to more than double the amount of federal research funding that Van Andel Institute receives.
Grand Valley Protective Coatings LLC, a painting and paper hanging company based in Grant north of Grand Rapids, has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan.
First National Bank of Michigan plans to enter the Lansing market after expanding to the lakeshore area with a Holland loan office last fall.
Michigan’s venture capital industry maintained steady growth in the last year, although fewer out-of-state venture firms have an office in the state.
A company that spun out early last year from a Kalamazoo drug developer plans to move its office to San Diego, Calif. after securing $40 million in new venture capital funding.
Digital marketing and advertising firm Adtegrity Inc. announced today its plan to vacate its current headquarters at 38 Commerce Ave. SW and move to the growing Bridge Street corridor.
Between 2007 and mid-2012, with Michigan’s economy in the grips of the Great Recession, more than 100,000 residents went to work for themselves either as sole proprietors or operators of small businesses.
Maninderpal Singh said he’s been fighting for the better part of a decade to make alcohol home-delivery legal.
Michigan could generate higher returns on its economic development activities by targeting the tax incentives it still offers toward high-tech, high-wage industries.
America’s Auto Auction has acquired West Michigan Auto Auction of Wayland and Parma-based Interstate 94 Vehicle Auction as part of a larger acquisition strategy.
Two buildings just northwest of the state’s Capitol Building will undergo significant renovations, according to a statement from economic development organization Lansing Economic Area Partnership (LEAP).
A Freehold, N.J.-based Real Estate Investment Trust (REIT) has acquired a light industrial building in northwest Kent County in a $32 million sale-leaseback deal.
The city-owned 201 Market Ave. property in the southwest corner of downtown has drawn interest from five different development teams, city officials said today.
Gov. Rick Snyder today commissioned a pilot program aimed at creating a state infrastructure management plan.
The board of directors for MSU Federal Credit Union (MSUFCU) today announced its plans to open a branch in downtown Grand Rapids later this year.
West Michigan-based contract furniture companies have muddled through the recent period of political uncertainty and mixed international demand.