A Los Angeles-based real estate investment trust (REIT) with a focus on health care facilities has acquired a Battle Creek medical office building.
Spectrum Health has formed a new venture capital fund that could invest up to $100 million into health care-related companies over the next decade, MiBiz has learned.
Bank of America’s planned move to a new regional office in downtown Grand Rapids comes as the bank seeks to grow its West Michigan presence.
Despite a relatively stable outlook for the automotive sector, industry experts have started noticing evidence of “stress fractures” appearing in an otherwise healthy market.
California Closets plans to establish a new manufacturing facility in Grand Rapids in a bid to support customers in the country’s eastern portion.
Mercy Health Saint Mary’s in Grand Rapids, Holland Hospital and Spectrum Health Zeeland Community Hospital rank among the top hospitals in the U.S. for 2017.
Fuel distributor Crystal Flash Inc. has expanded its geographic footprint into Southeast Michigan with a new acquisition, its tenth since 2011.
Patriot Solar Group LLC of Albion on Monday filed Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan.
Former prime minister of the United Kingdom, David Cameron, will visit Grand Rapids on June 19 to speak at The Economic Club of Grand Rapids 30th Annual Dinner meeting.
A group of investors hopes to redevelop one of downtown Grand Rapids’ last vacant buildings into low-income housing.
Steelcase Inc. has partnered with global tech to capitalize on the growing market for connected devices in the office.
Universal Forest Products Inc. plans to break into the hardwood products with the acquisition of an Indiana-based manufacturer.
Here is the MiBiz Growth Report for March 6, 2017:
• M&A: American Grease Stick Co. of Muskegon was acquired last year by 3 Rivers Capital, a Pittsburgh, Pa.-based private equity firm. A manufacturer of branded automotive fluid transfer lines and related products for the automotive aftermarket industry, AGS has operations in Muskegon and the U.K. The company, which was founded in 1931, sells products through a variety of aftermarket retailers, including Advanced Auto Parts, AutoZone and Pep Boys, according to a statement. 3 Rivers purchased the company for $10 million from the Rosen family, according to a report in the Pittsburgh Business Times. The deal was backed by $9.75 million in subordinated debt and an equity co-investment from PNC Mezzanine Capital. JP Morgan Chase also provided debt financing for the transaction. Metz Lewis Brodman Must O’Keefe LLC of Pittsburgh served as legal counsel to 3 Rivers Capital. The sellers worked with investment banker Stout Risius Ross Inc. of Chicago.
GRAND RAPIDS — Despite the many accolades for West Michigan’s economy in recent years, prosperity hasn’t necessarily reached all people in the broader community to the same extent.
COLDWATER — When Clemens Food Group began searching for a site to house its new 550,000-square-foot pork processing facility, access to wastewater capacity emerged as its top requirement.
JACKSON — Indian Brook Trout Farm Inc. plans to leverage $150,000 it received through a state grant to win vital contracts with national grocery retailers.
GRAND RAPIDS — Backed with capital from a Chicago private equity firm, Grand Rapids Ophthalmology PC plans to expand across Michigan and eventually into neighboring states.
EAST LANSING — Early-stage investment fund Quantum Medical Concepts plans to invest larger amounts in health care startups after spinning off from its founding organization and securing an additional investment partner.
GRAND RAPIDS — A new home health care provider in Grand Rapids targets a growing demand for service that’s driven by an aging population and changing consumer preferences.
GRAND RAPIDS — Two stalwart West Michigan retailers are closing up shop, opening up valuable real estate at a time when space is at a premium in the region.
West Michigan construction industry executives believe some of their recent worker training efforts have started to pay off.
Sentiment among automotive suppliers improved during the first part of 2017 as executives regained some degree of certainty following the results of the presidential election.
Tax machines as workers? Proposals weigh taxing automation equipment to replace lost worker income tax revenueWritten by John Wiegand
As automation technology continues to advance, lawmakers and industry insiders are working to determine what role a new wave of robotic workers could play in the future social tax structure.
The notion that a worker shortage is fueling the adoption of automation equipment discounts the role technology can play in helping companies compete.
Mark Williams worked at the Grand Rapids Home for Veterans for about 20 years as an employee of the state Department of Military and Veterans Affairs. He was laid off in 2013 when the state privatized the facility and turned to contracted workers.
GRAND RAPIDS — Betsy DeVos’ new role as U.S. Secretary of Education under President Donald Trump will require her to step away from some of her vast business interests to comply with federal ethics laws.
Blue Cross Blue Shield of Michigan credits closer ties with doctors and hospitals to drive efficiency and quality improvements with leading to lower rates for small businesses.
Despite the rapid expansion of Michigan farmland dedicated to growing hops and grains for the state’s craft beverage sector, experts say the industry has more room to grow. A new Michigan State University Product Center study examines the potential economic impact for Michigan craft breweries to produce beer exclusively with in-state ingredients.
When corporations give to nonprofits, it can show up in many ways, whether on food pantry shelves or in employee-driven projects that improve lives in their communities. But the decisions that go into determining the nonprofits and causes these businesses support often involves a high-level thought process that is increasingly seeking out long-term solutions where companies can drive successful outcomes.
Blue Cross Blue Shield of Michigan made $122 million in 2016 across all of its businesses, although the state’s largest health insurer again lost money on health insurance policies.
A project to build a 24-unit multifamily development in Hart has secured nearly $3.7 million in loans from the board of the Michigan State Housing Development Authority.
The parent company of MC Sports says it plans to wind down operations at its corporate headquarters and distribution center starting the end of March.
The state’s economic development body today voted to approve incentives for two mixed-use development projects around downtown Grand Rapids.
2 hotel projects in 2 days at Metro Health Village: Granger Group, Stellar Hospitality to develop Fairfield InnBy MiBiz Staff
The development arm of Grand Rapids-based general contracting firm Orion Construction Co. Inc. plans to build a new hotel in the southwest corner of Kent County.
Post Community Credit Union in Battle Creek plans to merge into Berrien Springs-based Honor Credit Union.