Breaking News

Business advocates in Michigan are applauding the Legislature and Gov. Rick Snyder over changes made late last year to the state’s abandoned and unclaimed property process.

This year’s edition of the Health Check report by Grand Valley State University affirms many of the trends that have been occurring in the health care industry indeed are happening in West Michigan.

Armed with a new analysis that shows wide disparities in the costs of treatments in urban and rural areas in West Michigan, insurers now have an opportunity to examine the causes of those variances.

As automotive production and the industry’s supply chain grows in Mexico, one mid-Michigan manufacturer of custom casters and wheels decided to engage in a foreign market for the first time in the company’s history.

After running as lean as possible in the years following the recession, West Michigan manufacturers are embracing acquisitions as a strategy to add capacity and meet customer demand. That was the case for Grand Rapids-based Mill Steel Co. when it acquired certain assets of S&S Steel Services Inc. of Anderson, Ind.

Baroda-based Oronoko Iron Works Inc. hasn’t even turned two years old yet, but the company already has plans to at least double the size of its plant later this year. The reason: Strong growth in the nation’s $19.6 billion craft brewing industry has boosted demand for its material handling products, wh

Chairman and CEO Mike Price told investors that the Grand Rapids-based Mercantile Bank (Nasdaq: MBWM) remains open to M&A, and even a transaction similar to the $151.5 million “merger of equals” it completed in July 2014 with the former Firstbank Corp.

The West Grand neighborhood in Grand Rapids soon will offer residents and visitors the ultimate trifecta when it comes to craft alcoholic beverages.

In court documents filed in the U.S. District Court for the Eastern District of Michigan earlier this month, Haworth alleges that Cypress, Calif.-based Exemplis Corp., which does business as SitOnIt Seating, “intentionally designed” its Rio task chair to resemble the Very Side chair.

Bloem LLC, a Hudsonville-based manufacturer of planters and outdoor products, acquired American Designer Pottery, a division of Fiskars Brands Inc.

Grand Rapids-based Windquest Group Inc., the family office for Amway scion Dick DeVos and his wife, Betsy DeVos, that invests in a portfolio of companies, is getting into the booze-making business, MiBiz has learned.

This past week, both the City of Holland and Holland Charter Township reviewed and unanimously approved the region’s plans to create a SmartZone district aimed at creating and growing technology-based companies and furthering entrepreneurial support.

Franklin Partners LLC, a Naperville, Ill.-based property investment firm with two other central business district office holdings, has entered into a contract with the option to acquire the Keeler Building at 56 North Division Ave., MiBiz has learned.

Grand Rapids-based sports bar and Italian restaurant chain Uccello’s Inc. plans to open a Kalamazoo location at 4400 Stadium Dr., according to a statement.

After outgrowing its current production space, Founders Brewing Co. plans to add a second brewery in Grand Rapids.

Mercantile Bank Corp. recorded strong earnings growth for 2015, the first full year of results following the merger with the former Firstbank Corp.

The Western Michigan University Homer Stryker M.D. School of Medicine completed the acquisition of the Southwest Michigan Innovation Center on Jan. 1. The medical school plans to use the Innovation Center to expand its research work.

The joint venture known as G.O. Construction, consisting of Grand Rapids-based Owen-Ames-Kimball Co. (O-A-K) and Holland-based GDK Construction Co., has completed $42.8 million worth of construction projects for Hope College in Holland.

Less than two years after launching in Grand Rapids, ELK Brewing LLC now plans to open a second microbrewery and restaurant in Plainfield Charter Township’s Comstock Park district, MiBiz has learned.

The report notes that the Grand Rapids-Wyoming Metropolitan Statistical Area (MSA) “continues to exhibit some of the strongest economic and multifamily fundamentals of any metro in the entire country.”

A new clinical network that formed last year between six Michigan health systems named Dr. William Mayer, an executive at Bronson Healthcare in Kalamazoo, as president and CEO.

The Grand Haven health system’s sale of North Ottawa Home Care Equipment was effective Jan. 1. CareLinc, which now has 20 locations in Michigan, retained the Grand Haven retail location, filling in a gap to its footprint in the lakeshore market where the company also has stores in Holland and Ludington.

Grand Rapids-based office technology dealer Applied Imaging has acquired a Cascade Township office building for its new corporate headquarters.

In reporting preliminary results for last year, the Kalamazoo-based Stryker (NYSE: SYK) said global sales topped $9.9 billion. Sales grew at a slightly higher rate on the fourth quarter, 6.4 percent, reaching $2.7 billion.

The hotel’s owner, Chuck Reid, said in a statement that CityVu Bistro will remain open through Valentine’s Day and then close down with plans to convert the space to an events and conference facility opening in March.

Mill Steel Co. of Grand Rapids purchased certain assets of S&S Steel Services Inc. of Indianapolis, Ind., according to a statement. The deal that closed Jan. 11 helps Mill Steel expand its product portfolio and geographic presence.

The firm has hired Raymond Steadmon as an associate attorney, who will lead the firm’s expansion in the region. Steadmon is currently in the process of looking for office space.

The company now expects full-year earnings of $9.50 to $10.10 per diluted share, up from the guidance issued in October 2015 of $9.30 per diluted share.

MiBiz kicks off the new year with a comprehensive special report on the region’s climate for raising, borrowing and lending growth capital. For local companies looking to expand or acquire, money is flowing as lenders and investors compete for deals. What’s driving the flow of capital and how long will the spigot remain wide open?

Michigan’s venture capital and angel investment industry is growing up fast, getting more sophisticated and starting to make later-stage investments into companies. Meanwhile, private equity firms continue to operate in a hot acquisition market, and family offices are taking a large presence as well and competing more for deals.

Page 105 of 107