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Telehealth provider RespondWell LLC of Grand Rapids has been sold to Zimmer Biomet Holdings Inc., a producer of musculoskeletal health care products.

Here is the MiBiz Growth Report for Oct. 31, 2016.

• M&A: Ferris Coffee & Nut Co. has acquired Kalamazoo-based Lush Gourmet Foods, a maker of flavored peanuts and almonds. Grand Rapids-based Ferris Coffee & Nut Co. will allow Lush Gourmet to operate under its original brand, according to a statement. Lush Gourmet founder Bisera Urdarevik will join Ferris Coffee & Nut Co. as the company’s creative director of product development. Lush Gourmet’s production will be transferred to Ferris Coffee & Nut Co.’s Grand Rapids headquarters in early 2017, according to the statement. Urdarevik created Lush Gourmet in 2011 while studying as a culinary student at Kendall College in Chicago. Terms of the deal were not disclosed. 

The opening of a neurology clinic in Grand Haven could become the first of multiple satellite sites for Mercy Health Hauenstein Neurosciences.

GRAND RAPIDS — Over the course of four years, Michigan State University researchers managed to take about $300,000 and turn it into more than $4.5 million.

 

The availability of scientific and executive management talent and the access to later-stage investment capital remain major issues for Michigan’s life sciences industry.

When West Michigan Symphony Music Director Scott Speck visited Germany, he attended a free Bavarian State Opera performance. A crowd of at least 200,000 people greeted the orchestra musicians as though they were national heroes. 

As many nonprofits have started to prioritize succession planning, higher education institutions in Michigan are providing financial incentives to ensure those organizations have a pipeline of qualified leadership candidates.

Kalamazoo-based First National Bank of Michigan plans to open a Holland office five years after moving into the Grand Rapids market.

Macatawa Bank Corp. today reported higher earnings for this year’s third quarter.

Of all the issues Greg Carmichael deals with each day, trust and reputation are the ones that concern him the most.

As final details come together for combining with the University of Michigan Health System, Metro Health is proceeding with development of a $6 million clinic to treat vascular disease.

GRAND RAPIDS — A recent Grand Rapids Planning Commission decision underscores its long-term development goals for the high-traffic area near the intersection of Knapp Street and East Beltline Avenue. 

KALAMAZOO — Researchers at the Michigan Geological Survey hope a state grant will better position government, businesses and other stakeholders to understand the natural resources that lie under the ground. 

As waves of baby boomers continue to reach retirement age, many have faced the prospect of selling the manufacturing companies they’ve built over the years. 

GALESBURG — After more than 50 years operating in the same building, Impact Label Corp. has relocated its headquarters from Kalamazoo to Galesburg. 

ZEELAND — The talent crunch has created a conundrum for many West Michigan manufacturers. 

NEW BUFFALO — A trademark dispute between two craft brewers has turned into a holy war of sorts. 

When Brink Farms Inc. began construction on a rail yard off Turner Avenue in northwest Grand Rapids in 2014, the Hamilton-based bulk transportation firm hoped to alleviate capacity constraints and better serve customers shipping cargo south through the city. 

At some point in the coming months, Mark Gurney and directors at Tetra Discovery Partners LLC will decide which road to travel into the future for their company.

Vickers Engineering Inc. plans to invest $5.1 million in new equipment and facility improvements at its headquarters in New Troy, 15 miles northeast of New Buffalo.

Expenses tied to the acquisition this summer of Talmer Bank & Trust lowered Chemical Financial Corp.’s net income for the third quarter, which otherwise reported stronger results.

Sparta-based ChoiceOne Financial Services Inc. reported a record net income of $1.6 million, or 52 cents per share, for the third quarter.

A long vacant parking lot at the northeast corner of Wealthy Street and Fuller Avenue could see new life.

After a decade of ownership, Grand Rapids-based Butterball Farms Inc. will sell Stirling Creamery of Ontario to Gay Lea Foods Co-operative Limited.

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.

For Mark Sellers, the magic number of sorts is $300.

For Tracy Larsen, the work of evaluating and closing deals continues to push ahead even in the face of global tumult and a general sense of economic uncertainty. 

In what he describes as a “good year,” Michael Jones was involved in closing 20 transactions in late 2015 and the first half of 2016 that had a collective value of $1.5 billion. 

Mike VanGessel likes to talk about the “why” behind his company’s decision to invest in the long-neglected west side neighborhood of Grand Rapids.

It’s been a busy year and a half for David DeBoer.

When Service Express Inc. (SEI) sought a buyer in 2015, owners Michael McCullough and Ed tenHaaf were just looking to retire. 

Jim Engen started Netech Corp. 20 years ago with five employees.

Martin Stein always noticed Grand Equipment Co. alongside I-196 when he drove through Hudsonville.

When Tom Fehsenfeld decided to retire from the family business he led for the past 40 years, he found himself in a position familiar to many manufacturers exploring succession options. 

When Remos Lenio and Philip Blanchard set out to acquire their first company under a newly formed firm, the partners knew they had one chance to confirm what they saw as an unexplored market niche. 

While Bloem LLC had been hunting for in-house production capacity that would allow it to grow, the company found its solution in an unlikely place: an unsolicited email from one of its largest competitors.