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Published in Economic Development

MiBiz Growth Report: May 24, 2021

BY Monday, May 24, 2021 09:51am

Here's the MiBiz Growth Report for May 24, 2021.

M&A

    • Grand Rapids Charter Township-based engineering firm Prein & Newhof Inc. has acquired Summit Surveying Inc., an Allendale-based land surveying firm, according to a statement. Summit’s founders, Todd Bronson and Rob Hammond, and its other employees will stay on under the new ownership. The move allows the founders to focus on surveying and let Prein & Newhof run the back office operations, according to a statement. For Prein & Newhof, the acquisition enhances the company’s land and construction surveying services in West Michigan. Terms of the deal were not disclosed. 
    • West Michigan-based Wightman, a company that specializes in architecture, civil engineering and surveying, recently acquired Reynolds Land Surveying and Mapping LLC, a two-man operation headquartered in Hastings. With the purchase of the company, Wightman will establish a survey field office at 109 S. Church Street in Hastings. Wightman already maintains locations in Kalamazoo, Allegan, Benton Harbor and Royal Oak. Reynolds Land Surveying owner Brian Reynolds will join Wightman on a part-time basis while the company’s one employee will serve as a full-time survey crew chief for Wightman. “Not only are we thankful to be bringing Brian Reynold’s expertise to the team, we are also looking forward to growing the footprint of our survey business in Barry County,” said Matt Davis, president of Wightman.

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  • Lansing-based Liquid Web LLC, a private equity-backed hosting, cloud and WordPress software company, has acquired GiveWP and WP Business Reviews from Impress.org, according to a statement. GiveWP offers a website plugin that allows nonprofits and other organizations to accept donations. The deal extends Liquid Web’s web offerings tailored to small and medium-sized businesses, according to a statement. Both GiveWP and WP Business Reviews will operate as an independent unit within Liquid Web called StellarWP. Terms of the deal were not disclosed. Liquid Web is a portfolio company of Chicago-based Madison Dearborn Partners LLC.
  • Superior Business Solutions, a third-generation, Kalamazoo-based company that specializes in document management services, print marketing and promotional products, has been sold to the like-minded Smart Source, a company headquartered in Atlanta. Smart Source focuses on printed products, promotional marketing and business process outsourcing. The move allows Smart Source to increase its market share in the Midwest. “I am looking forward to helping make Smart Source an even stronger and more resourceful company,” Bill English, president of Superior Business Solutions, said in a statement. “We will be looking for other strategic additions to Smart Source in terms of geography, capabilities and cultural fit.”
  • West Michigan creative agencies Next Creative Co. and AUXILIARY Advertising & Design have merged, establishing a presence both in Holland and Grand Rapids. The two companies have organized under the Next Creative banner and feature a staff of 18 employees following the merger, which closed at the end of 2020. Next Creative is headed by Rich Evenhouse, now president, and Tim Hackney, who will serve as executive creative director. AUXILIARY was founded in 2005 by Tom Crimp, who is now a partner in Next Creative.
  • Traverse City-based High Street Insurance Partners acquired New Jersey-based Paladin Insurance Agency and Richardi-Demola Insurance Agency. Terms of the transactions were undisclosed. Both firms specialize in business and personal Insurance solutions.
  • Perrigo Co. plc intends to sell its Mexico and Brazil-based over-the-counter business to Boston-based global private equity firm Advent International. Part of Perrigo’s Project Momentum cost savings initiative, the deal should close in the second half of the year. Terms of the transaction were undisclosed. The Latin American business unit generated about $85 million in sales in 2020, and Perrigo is “confident the businesses will do well under Advent’s ownership as these are key areas of focus for their company,” President and CEO Murray Kessler said in a statement.
  • Highland Park-based Snethkamp Inc. acquired Feeny Chrysler-Jeep-Dodge-Ram of Gaylord Inc., according to a report in the Petoskey News-Review. Snethkamp is a fourth-generation family-owned dealership operator in Southeast Michigan. Terms of the deal, which closed in April, were not disclosed. Feeny continues to operate two other stores in Grayling and Midland.
  • Jenison-based Dienetics Inc., a provider of die-cutting and die-making services, was recently sold to Rockford, Ill.-based Excelsior Inc. Dienetics lends its rapid prototyping, design resolution and accelerated production services to the automotive, appliance and office furniture industries. Dienetic’s buyer, which has been in business for more than 100 years, manufactures custom gaskets, washers, seals, insulators and other precision parts out of both synthetic materials and thin-gauge steel, supplying OEM manufacturers around the world. Grand Rapids-based M&A firm NuVescor Group advised Dienetics on the sale.

Expansion

  • Walker-based Meijer Inc. this month opened three new 155,000-square-foot supercenter stores in Seven Hills and Boardman, Ohio and Westfield, Indiana, according to a statement. The privately held Meijer now operates 255 supercenters and grocery stores spanning Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin. 
  • Rockford Brewing Co. LLC has unveiled plans to renovate a nearby historic building and expand with the new Malph’s Pizza Pub concept. The nearly 5,800-square-foot pizzeria, distillery and brewery will take shape in the former Vitale’s Pizza of Rockford, located at 42 E. Bridge St., just steps away from the existing brewery. The partners behind Rockford Brewing Co. had been in talks for months with former Vitale’s owner Terry Prowoznik to buy the restaurant, and eventually signed a purchase agreement in May 2020, just as the first wave of the pandemic took hold. 
  • Long Road Distillers LLC plans to open its fourth location this summer after signing a two-year lease for space in Cadillac. The Grand Rapids-based craft distillery will occupy the 3,000-square-foot space at 412 S. Mitchell St., which will have a 100-person capacity inside, plus hold an additional 100 people outside. Long Road currently maintains locations in Grand Rapids and Grand Haven and is finishing up the build out of a new location in Charlevoix.

Professional Services

  • Rua M&A LLC, which consists of NuVescor Group and Rua Associates, restructured to better focus each brand and increase client services. Under the changes, President Randy Rua will focus on working with companies that have been a large part of NuVescor’s target: manufacturing and manufacturing support, production, engineering, and distribution. Nick Good, who has handled buyer negotiations for all NuVescor and Rua Associates projects, now focuses on working with Rua Associates clients in information technology, construction, and business services. Travis Ernst will transition to operations manager.

Health care

  • Spectrum Health Lakeland began construction on new clinical space to expand heart and vascular services at Spectrum Health Lakeland Hospital in Niles. The $2.9 million project includes 3,760 square feet of new clinical space with 10 exam rooms, plus renovations to the hospital’s orthopedic and bariatric units. Completion is targeted for this summer. The project is supported by donors that include the family behind the French Paper Co. and the Edward F. and Irma Hunter Foundation, which offered to match every dollar contributed up to $200,000.
Read 6252 times Last modified on Tuesday, 01 June 2021 09:04
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