Breaking News

An Indianapolis-area investor plans a multifamily housing development behind the Meijer store near the corner of East Beltline Avenue and Knapp Street on the northeast side of Grand Rapids.

The investment firm acquired facilities in Grand Rapids, Rockford, Comstock Park and Belmont and plans to rebrand all as National Storage Centers. The four facilities, totaling more than 174,000 square feet of space, will be managed by Farmington Hills-based The Pogoda Companies Inc.

The Holland-based Macatawa Bank (Nasdaq: MCBC) reported full-year net income of $12.7 million, or 38 cents per diluted share, which compares with $10.4 million, or 31 cents per diluted share, for 2014.

A Northern Michigan craft brewer has decided to expand the distribution footprint of its products to out-of-state markets for the first time.

The supplier of automotive auto-dimming rearview mirrors and electronics reported cash on hand of approximately $552 million at the close of the 2015 calendar year, an increase of 11 percent from the prior year, according to financial results the company reported today.

The acquisition gives the Grand Rapids-based Service Express a market presence in the Pittsburgh area. Founded in 1986, the company services more than 2,500 maintenance customers through 33 offices in 15 states.

Fleet Engineers Inc. of Muskegon has expanded its truck and trailer business with the acquisition of Charlotte, N.C.-based Save-A-Load Inc., a maker of cargo bars for tractor trailers and pickups.

What executives tout as a “merger of equals” with Chemical Financial Corp. represents what one institutional shareholder for Talmer Bancorp Inc. considers a deal that should get voted down.

Fixture Finders LLC, a retailer of used shelving systems, has been acquired by Illinois-based Hilco Merchant Resources LLC, a division of business service provider Hilco Global, according to a statement released yesterday.

Mill Steel Co. announced today that it will consolidate its Louisville-based Steel Structural Products LLC business into its operations at the Port of Indiana, Jeffersonville.

Chemical Financial Corp. plans to acquire Talmer Bancorp Inc. in a $1.1 billion deal that will create one of the largest banks in the Midwest.

Open Systems Technologies Inc. of Grand Rapids has acquired Grand Rapids-based design consulting firm Visualhero Design Inc.

Byron Center-based SpartanNash Co. (Nasdaq: SPTN) will ask customers to donate $2.99 at the cash registers of all 91 of its Michigan stores to help bring water to residents in Flint.

The Midland-based Chemical Financial (Nasdaq: CHFC) today reported full-year net income of $86.8 million, or $2.39 per diluted share, which compares with $62.1 million, or $1.97 per diluted share, from a year ago.

By all accounts, 2016 should shape up as another strong year, particularly as banks compete for deals and private equity firms still have plenty of dry powder to deploy. Also bolstering the current market, at least for sellers: Corporate balance sheets remain healthy, and valuations should continue to hold steady at their current elevated levels.

Quality Aluminum Products Inc. — a maker of siding, gutters, roof edging and other exterior products for the residential housing industry — became the seventh portfolio company for the Grand Rapids-based Blackford Capital’s Michigan Prosperity Fund.

2015 was a record year for mergers and acquisitions. While experts predict 2016 will be another strong year for M&A activity, they also note subtle shifts in the business and economic landscape that could mark the beginning of the end for the current M&A boom.

Here is the MiBiz Growth Report for Jan. 25, 2016:

From new high-rise office towers to revamped shopping malls to urban parks, the growing region continues to see new construction and major renovation projects across a host of real estate sectors. But a lot can go on between a formal project announcement and its actual completion — or even its groundbreaking.

Industry watchers expect some of the same consolidation activity that’s taken the craft brewing industry by storm in recent years to spread into its agricultural supply chain, particularly for hops.

Despite a long career in the beer distribution business, Keith Klopcic lacked expertise in making the beverages he sold to bars and retailers around the state of Michigan. So when the opportunity arose to buy Comstock Park-based Perrin Brewing Co. last year, he tapped a partner with extensive craft brewing resources who had the know-how to help him continue scaling up the business.

Mike Damstra’s chance to fill a gap in his company’s service footprint along the lakeshore arose last year when North Ottawa Community Health System came knocking.

If you want to sell your business this year, you still have a pretty good chance of cutting a favorable deal as the seller’s market continues.

Our LGBT Fund hit a milestone to close out 2015 when it announced its first grant of $20,000 to a collaborative program involving Arbor Circle and the Lesbian Gay Community Network of West Michigan (The Network).

Two months after fending off a hostile takeover bid, Perrigo Co. plc raised its earnings expectations for 2016, a byproduct of projected growth and a cost-cutting plan the company launched last fall.

Thell Woods finally is pushing ahead with a series of crowdfunding platforms across Michigan that small business owners can use to raise startup capital from local investors.

The $62 million investment in an Ann Arbor drug developer, the largest-ever venture capital investment in Michigan, has the potential to drive momentum in the state’s investment capital industry going forward.

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.

Page 112 of 114