A new venture capital fund in Grand Rapids that will do tack-on deals for existing portfolio companies of Michigan Accelerator Fund I closed this week after raising $5 million from investors.
The Grand Rapids Symphony has named Marcelo Lehninger as its new music director, following a three-year search.
Restaurant operator Meritage Hospitality Group Inc. in Grand Rapids announced the promotion of two long-term executives.
Sakae Seiko Co. Ltd. of Ōbu, Japan has opened its first North American sales office in Battle Creek.
A long-vacant part of Grand Rapids’ burgeoning West Side neighborhood could soon become the focus of a new development project.
The retail landscape is changing for Michigan’s largest craft beverage producers, which continue to grow at a rapid pace. In this comprehensive special report, MiBiz examines the opportunities, challenges and strategies these companies are deploying in an ever-changing market.
Despite a first quarter revenue decline, executives at grocery retailer and food distributor SpartanNash Co. say they’re hungry for new business opportunities and possibly acquisitions.
A West Michigan attorney is among a group of legal professionals nationwide hoping to raise the bar for advising the growing craft beverage industry.
Here is the MiBiz Growth Report for May 31, 2016.
- M&A: Sun Capital Partners Inc., a Florida-based private equity firm, has acquired convenience store operator Admiral Petroleum Co. and Lemmen Oil Co. in Coopersville. Admiral operates 130 Admiral gas stations and convenience stores in Michigan and Indiana, plus nine under the Lemmen brand name. Terms of the deal were not disclosed. Sun Capital named Jeff Turpin, a 20-year veteran of the convenience store industry, as CEO. Turpin previously served as chairman and CEO of VPS Convenience Store Group, a former portfolio company of Sun Capital.
ROTATION NATION: Pressured from above and below, larger craft brewers seek out their place in the marketBy Joe Boomgaard and Nick Manes
Pioneers of the craft brewing industry face a steep challenge from the growing market they helped establish.
Navigating a shifting market: Beer braces for eventual plateau, retail challenges; cider and spirits see room to growBy Joe Boomgaard, John Wiegand and Josh Veal
As the craft beverage industry matures, it’s attracted new entrants who may be more concerned with making a quick profit than with the quality of the liquid.
Savor the flavor: West Michigan flavoring and juice concentrate producers capitalize on move to flavored beerWritten by John Wiegand
In an attempt to differentiate themselves from their competition, craft breweries in Michigan and nationwide have started to infuse various combinations flavors into their beers.
The craft beer industry in Michigan essentially started with Larry Bell in 1985 launching what would become Bell’s Brewery Inc. Since then, and especially over the last decade, the industry has taken off in West Michigan and beyond.
If ever there was a sign that the craft beer business has matured, it’s that the money has finally showed up and taken an interest in the industry.
A year and a half after launching Railtown Brewing Co. in Dutton, Justin Buiter and Gim Lee realized their craft brewery needed to expand well ahead of schedule.
A new law passed earlier this month modernizes a provision in Michigan’s liquor control code that many craft beverage producers were unknowingly violating in recent years.
Volunteers are becoming more valuable every year as fewer people offer their time and a growing share of the workforce brings otherwise costly skillsets to the nonprofits they serve.
GRAND RAPIDS — Commercial real estate brokers say the sale of two fully-leased, recently renovated office buildings in downtown Grand Rapids points to a healthy local economy, even if the transactions are far from the norm.
Employees enrolled in a wellness-based health plan offered by Priority Health cost 12 percent less to insure over a four-year period than those who had standard health coverage.
DUTTON — Instead of relying on a traditional salesforce to sell its products, GR-X Manufacturing LLC aims to grow its business primarily through marketing on the internet.
West Michigan office furniture manufacturers could soon be incorporating scrap wood into the production of their products through a new partnership with Michigan Technological University.
In the 13 years since she first passed her boards, Dr. Megan Edison has gone from “super proud” to frustrated.
The opening of equity-based crowdfunding in the U.S. provides a new option for entrepreneurs to raise money from individuals who want to invest but don’t meet the definition of an accredited investor.