
MiBiz Staff
MiBiz Growth Report: Nov. 21, 2022
Below is a snapshot of growth activity that was published in our Nov. 21, 2022 print edition.
People in the news: Nov. 21, 2022
Here are the staffing announcements from the Nov. 21, 2022 print edition.
Rehmann to acquire GR financial services firm
Troy-based accounting and advisory firm Rehmann plans to acquire Rivertown Finance LLC in Grand Rapids.
Kentwood hot tub, spa manufacturer acquired by PE firm
KENTWOOD — West Michigan-based hot tub manufacturer Nordic Products Inc. has sold to Monomoy Capital Partners LP, a private equity firm based in Greenwich, Conn.
Pace Industries to close 2 Muskegon plants, lay off 244 workers
MUSKEGON — Die casting manufacturer Pace Industries LLC plans to lay off 244 workers as it closes two Muskegon plants next month.
MiBiz on WOOD-TV8: Statewide housing tax incentive bills clear legislative hurdle
State House lawmakers late last week passed a series of bills that aim to make it easier for developers to build much-needed projects through various tax incentives.
D&W, Family Fare groceries available for delivery under new SpartanNash, Uber deal
BYRON CENTER — A new partnership with Uber Technologies Inc. will allow customers of SpartanNash Co. stores to have their groceries delivered on demand.
PE-backed firm acquires two West Michigan industrial parts distributors
A pair of West Michigan distributors of construction and industrial supplies have been acquired by a leading direct-to-jobsite construction tools distributor specializing in commercial, industrial, mixed-use and infrastructure end markets.
West Michigan Tree Services sells to PE-backed firm
GRAND RAPIDS — West Michigan Tree Services, an operating company of Grand Arbor Group Inc. of Grand Rapids, has been acquired by a New Bedford, N.Y.-based professional tree and shrub care company.
MiBiz Growth Report: Nov. 7, 2022
Below is a snapshot of growth activity that was published in our Nov. 7, 2022 print edition.
Video Q&A: Council of Michigan Foundations leader shares philanthropy sector outlook
Council of Michigan Foundations President and CEO Kyle Caldwell spoke with MiBiz to discuss his outlook for the philanthropy sector heading into 2023.
Craig’s Cruisers sells 3 locations to PE-backed Five Star Parks & Attractions
Craig’s Cruisers Inc., an operator of family amusement centers in West Michigan, has sold its locations in Wyoming, Holland Township and Norton Shores to private equity-backed Five Star Parks & Attractions of Branson, Mo.
New Shelby pet food plant, Holland cold storage facility expansion receive state grant backing
SHELBY — Perdue Farms, a Salisbury, Md.-based food and agricultural firm, will invest more than $27 million to renovate a former food processing facility in Oceana County.
Fluresh opens applications for next cohort in cannabis accelerator program
GRAND RAPIDS — Vertically integrated cannabis company Fluresh LLC has opened applications for the next round of participants in its cannabis accelerator program for entrepreneurs.
MiBiz on WOOD-TV8: Small biz group leads opposition to federal rule proposal for ‘gig economy’ workers
The Biden administration last month proposed new rules for employers that could have sweeping implications for small business owners who rely on independent contractors.
Bond Fluidaire sells to SE Michigan-based Exotic Automation & Supply
GRAND RAPIDS — Family-owned Bond Fluidaire Inc., a distributor of pneumatic and hydraulic hardware, components and systems, has sold to a southeast Michigan automation supply company.
Wyoming family-owned trucking company acquired by large national firm
WYOMING — Family-owned National Truck Brokers Inc., a Wyoming-based truckload carrier for grocery customers across seven Midwest states, has been acquired by a leading transportation and logistics company.
Norton Shores aftermarket parts manufacturer AGS Co. acquires automotive hose company
NORTON SHORES — Automotive aftermarket parts manufacturer AGS Company Automotive Solutions LLC continues to build out its portfolio of products with a deal for BrakeQuip LLC.
Private equity-backed Aspen Surgical acquires Tennessee-based surgical device maker
CALEDONIA — Private equity-backed Aspen Surgical Products Inc. continues to grow by acquisition with its latest deal to bolster its portfolio with complementary surgical products.
Autocam Medical invests in clean energy at new Kentwood HQ
KENTWOOD — Contract medical device manufacturer Autocam Medical Devices LLC is embracing a suite of clean energy products at its new 120,000-square-foot Kentwood headquarters, including a large solar installation and energy efficiency technologies.
MiBiz on WOOD-TV8: Kent Co. officials see affordable housing path with ARPA funding
Affordable housing was a key theme among proposals submitted to county officials by organizations seeking a share of $127 million in federal American Rescue Plan Act funding.
Woman-owned Hodges Fastener sells to Ohio-based consolidator
TRAVERSE CITY — Hodges Fastener Corp., a woman-owned distributor of a range of fasteners, has sold to an Ohio-based firm that has been consolidating fastener distribution companies across the Midwest.
PE-backed Burke Porter Group acquires San Diego-based contract manufacturer
ADA — Burke Porter Group, a producer of automated diagnostic, testing and production equipment for specialty industrial markets, has bolstered its medical and life sciences capabilities with the acquisition of a San Diego-based contract manufacturer and product design firm.
MiBiz on WOOD-TV8: Kent Co. prepares to select projects for federal ARPA funding
Kent County officials are in the process of narrowing down hundreds of funding requests for more than $100 million in federal American Rescue Plan Act dollars.
MiBiz on WOOD-TV8: Michigan SOAR fund ramps up incentives for major projects
A recently created statewide economic development fund created to distribute incentives continues to dole out funding for major projects.
Auto manufacturer Gentex creates nonprofit foundation, STEM scholarship for women
ZEELAND — Tier 1 automotive supplier Gentex Corp. has created a nonprofit charitable foundation for its philanthropic efforts as well as a new scholarship program for women pursuing degrees in science, technology, engineering or mathematics.
MiBiz Growth Report: Oct. 10, 2022
Here is the MiBiz Growth Report for Oct. 10, 2022.
People in the News: Oct. 10, 2022
People in the News: A roundup of new hires, promotions and awards in West Michigan.
ESOP structure offers ‘clear choice’ as founders sell Twisthink to employees
HOLLAND — The founders of digital consulting firm Twisthink LLC will transition company ownership to workers under an employee stock ownership plan.
Battle Creek Unlimited awarded $522K for food startup programs
BATTLE CREEK — The federal Economic Development Administration has awarded economic development organization Battle Creek Unlimited more than $522,000 in grants to bolster a pair of food startup programs.