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Sunday, 10 December 2017 21:56

MiBiz Growth Report: December 11, 2017

Here is the MiBiz Growth Report for Dec. 11, 2017.

Published in In the News
Sunday, 28 May 2017 16:40

MiBiz Growth Report: May 30, 2017

Here is the MiBiz Growth Report for May 30, 2017: 

• M&A: Grand Rapids-based FEDCom Credit Union, which has three offices in the Grand Rapids area with 7,654 members and assets of $67.6 million, proposed to merge into Midland-based Members First Credit Union. Members First has eight offices, 50,680 members and $480 million in assets. The deal was listed in a monthly activity report issued by state regulators.

Published in In the News

As it continues its streak of acquisitions, Meritage Hospitality Group Inc. (OTCQX: MHGU) remains on a growth trajectory.

Published in In the News
Sunday, 02 April 2017 12:48

MiBiz Growth Report: April 3, 2017

Here is the MiBiz Growth Report for April 3, 2017.

• M&A: Industrial and fastener distributor Manufacturer’s Supply Co. has signed an agreement to sell certain assets to Winona, Minn.-based Fastenal Co. (Nasdaq: FAST). Fastenal expected to close on the deal for Manufacturer’s Supply, or Mansco, at the end of March, after this report went to press. Terms of the deal were not disclosed. Hudsonville-based Mansco generated roughly $50 million in sales in 2016 from locations in Michigan, Alabama and Texas. It was founded in 1928. President Jim Mol has operated Mansco for the last 25 years. Mansco supplies a range of fastener products “with a particularly strong market position with commercial furniture OEMs,” a market to which Fastenal “has not meaningfully contributed in the past.”

Published in In the News

As part of a $111.8 million string of acquisitions, Meritage Hospitality Group Inc. (OTCQX: MHGU) will take on eight new Wendy’s locations in Michigan, including its first locations in southeast Michigan.

Published in In the News
Sunday, 19 February 2017 13:53

MiBiz Growth Report: Feb. 20, 2017

Here is the MiBiz Growth Report for Feb. 20, 2017. 

• M&A: AMI Entertainment Network LLC in Grand Rapids has acquired NSM Music Group Ltd., a Leeds, U.K.-based manufacturer of jukeboxes. The deal for NSM Music marks the first overseas expansion for AMI, a provider of digital jukeboxes and other products for the nightclub and bar industry, according to a statement. Founded in 1951 in Germany, NSM will maintain its independent branding and headquarters. General Manager Martin Agabeg will report to AMI President Mike Maas. Terms of the deal were not disclosed. Going forward, AMI plans to invest in NSM and enhance the company’s products and service, according to a statement.

Published in In the News

Fast food and casual restaurant operator Meritage Hospitality Group Inc. (OTCQX: MHGU) said yesterday it has initiated a string of acquisitions that will continue to grow its operations. 

Published in In the News

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.

Published in In the News

McGarry Bair PC, a Grand Rapids-based intellectual property law firm, will move its downtown offices to the recently completed Arena Place mixed-use development at 45 Ottawa Ave. SW.

Published in In the News
Sunday, 21 August 2016 11:24

MiBiz Growth Report: Aug. 22, 2016

Here is the MiBiz Growth Report for Aug. 22, 2016.

• M&A: Dublin-based Perrigo Co. plc (NYSE: PRGO), which maintains its corporate headquarters in Allegan, Mich., will acquire Geiss, Destin & Dunn Inc. (GDD) of Peachtree City, Ga., according to a statement. GDD is a small national distributor of over-the-counter health care and consumer products to non-chain retail stores and institutional markets. Perrigo expects the deal, the terms for which were not disclosed, to close by the end of the month. The deal will strengthen and diversify its U.S. retail network, “providing us direct access to the non-mass retail market,” according to CEO John Hendrickson. GDD previously distributed Perrigo’s products. 

Published in In the News
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