Riverside, Mo.-based NorthPoint Development sees opportunity in former automotive manufacturing sites around the state’s capitol.
Insurance broker Acrisure LLC of Caledonia has completed the $2.9 billion management-led buyout of private equity firm Genstar Capital.
After a successful launch last year in Kent County, Priority Health has extended a narrow-network insurance product into Southwestern Michigan for consumers who buy their own health coverage.
After 35 years under the ownership of founder Arlen Smith, Central Interconnect Inc. has been sold to new owners at the culmination of an 18-month-long process.
A $6 million federal grant will pay for Grand Rapids Community College to train more health care workers.
North Central Co-op will invest $10.1 million in an expansion project at its feed mill in Newaygo County.
The state’s Department of Talent and Economic Development (TED) will likely have a new director come end of the month.
Michigan State University researchers seeking financial backing to commercialize an innovation now have a potential capital source available right on campus.
Martin Stein, founder and managing director of Grand Rapids-based private equity firm Blackford Capital, was named Private Equity Professional of the Year in the 15th Annual M&A Advisor Awards.
After 23 years of active duty in the U.S. Army, Jason Schenkel faced an uncertain future when he retired from the military a little more than a year ago.
Here is the MiBiz Growth Report for Nov. 14, 2016:
• M&A: Byron Center-based SpartanNash Co. (Nasdaq: SPTN) signed a definitive agreement to acquire certain assets of Caito Foods Service Inc. and its Blue Ribbon Transport business for about $217.5 million in cash, according to a statement. The deal includes an earn-out potential of an additional $12.4 million if the business hits performance targets. SpartanNash, which expects the transaction to be accretive to 2017 earnings, will fund the deal with proceeds from its lending facility. Subject to regulatory and other approvals, the deal is anticipated to close in early January 2017. The combined Caito and Blue Ribbon Transport businesses generate annual revenues exceeding $600 million. Caito supplies fresh fruit and vegetables to groceries and distributors in 22 states in the Southeast, Midwest and Eastern regions of the country. The company has facilities in Indiana, Ohio and Florida. SpartanNash was advised on the deal by Deutsche Bank (financial) and Morgan Lewis (legal).
As Michigan life sciences companies grow and seek to commercialize their innovations, the firms often face key constraints when it comes to access to capital in the state.
GRAND RAPIDS — Given the demand for more engineers in West Michigan, two local universities hope to be the institutions that can step up and fill that need.
For today’s engineering graduates, technical expertise remains paramount, but companies are asking more of their young workers, especially when it comes to so-called soft skills and the basics of business.
HART — After operating for a decade, The Starting Block has helped the West Michigan craft food movement grow from an idea into the fledgling industry it is today.
As Michigan legislators prepare to enter their final session of the year, policy watchers across the state are closely monitoring legislation that could get a vote in the lame duck session.
For the past two and half years, Hilary Dulany has been traveling between Oregon and Michigan to grow her small businesses amid the transformational change happening with the legal marijuana industry.
M&A professionals in Michigan feel a little more optimistic than their counterparts nationally about the prospects for stronger deal flow over the next year.
SOUTH HAVEN — Frank Sardone sees nothing but positives in the overwhelming voter support for the pending addition of South Haven Health System into Bronson Healthcare Group.
GRAND HAVEN TOWNSHIP — Spectrum Health and Holland Hospital collectively put $130,000 in cash toward what was billed as an information and education campaign on a ballot question in the township where the two are developing a medical campus.
GRAND RAPIDS — The sale of RespondWell LLC last summer for an undisclosed sum was the first exit recorded by venture capital firm Michigan Accelerator Fund.
New federal regulations that take effect Jan. 1 may require some employers to adjust the incentives they offer to get employees to join their workplace wellness programs.
Michigan employers have not transitioned to lower-cost, high-deductible health plans as quickly as the rest of the nation.
Large amounts of new office space, particularly for medical uses, will come online in suburban Grand Rapids in the near future, and it’s not expected to last long on the market.
GRAND RAPIDS — The largest bank headquartered in Michigan wants to increase its profile in downtown Grand Rapids in the years ahead.
GRAND RAPIDS — After closing last spring on a $2 million venture capital investment, Ted Spooner began seeking another $8 million for his company, RespondWell LLC, a Grand Rapids-based telehealth provider.