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Sunday, 16 September 2018 19:47

MiBiz Growth Report: Sept. 17, 2018

Here is the MiBiz Growth Report for Sept. 17, 2018.

Published in In the News

GRAND RAPIDS — HopCat’s 17th location overall — and its second in Grand Rapids — comes as an “experiment” of sorts for the growing chain of craft beer-focused restaurants.

Published in In the News
Sunday, 29 April 2018 15:47

MiBiz Growth Report: April 30, 2018

Here is the MiBiz Growth Report for April 30, 2018.

• M&A: New York City-based Standard Media Group LLC, a new investor-backed media company, has entered into a definitive agreement with Sinclair Broadcast Group Inc. of Hunt Valley, Md. to acquire Grand Rapids-based Fox 17 WXMI and eight other stations around the country. The $441.7 million cash deal would create a new media company affiliated with Standard General LP, an SEC-registered investment adviser that manages capital for public and private pension plans, endowments, foundations, and high net worth individuals. The deal, which is subject to regulatory approval, is expected to close in conjunction with the Sinclair-Tribune transaction. As MiBiz previously reported, Sinclair is trying to appease government regulators in a bid to finalize its $3.9 billion acquisition of Chicago-based Tribune Media Co., which currently owns Fox 17. 

Published in In the News

BarFly Ventures LLC continues to grow its brand of HopCat craft-beer-focused bars.

Published in In the News
Sunday, 01 April 2018 10:21

MiBiz Growth Report: April 2, 2018

Here is the MiBiz Growth Report for April 2, 2018.

• M&A: A subsidiary of Universal Forest Products Inc. (Nasdaq: UFPI) plans to acquire “substantially all” of the operating assets of Marietta, Ga.-based North American Container Corp., a producer of packaging products, according to a statement. The deal should close by June 1. Terms of the deal were undisclosed. The acquisition will add steel, corrugated and hardwood packaging to Universal’s lineup of industrial products. North American Container, founded in 1967, operates nine manufacturing facilities in Georgia, South Carolina, Tennessee and Wisconsin and recorded 2017 sales of about $71 million. Universal Forest Products in February reported that it generated $3.9 billion in net sales with net earnings of $119.5 million for 2017.

Published in In the News

GRAND RAPIDS –– BarFly Ventures LLC, the Grand Rapids-based parent company of the HopCat chain of craft beer-focused restaurants, announced Monday that it plans a second location in the area.

Published in In the News

The sibling owners of downtown Grand Rapids bar and music venue The Pyramid Scheme have bought out a long-time partner and are now the sole owners of not only the business, but also the affiliated real estate.

Published in In the News

Grand Rapids may be known colloquially as Beer City, but visitors should plan to avoid walking between hip bars and eateries with a pint of local IPA, at least for the foreseeable future.

Published in Commercial Real Estate
Sunday, 22 January 2017 17:09

MiBiz Growth Report: Jan. 23, 2017

Here is the MiBiz Growth Report for Jan. 23, 2017.

• M&A: Bryan Betten and Chris Baker, two veteran West Michigan dealership executives, have acquired Grand Chrysler Dodge Jeep Ram in Lowell from former owner Harvey Koning. Betten-Baker is in the process of acquiring the remaining Grand Auto Family Services Inc. dealerships owned by Koning, which include facilities in Grandville, Allegan and Lowell, said Pete Ricards, division director at Betten-Baker. The company also is acquiring a Big Rapids-based GMC dealership from Gary Trimarco Automotive group, but is waiting on manufacturer approval from General Motors to complete both deals. 

Published in In the News

The expanding chain of HopCat craft beer bars will head oceanside later this year.

Published in In the News
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