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Displaying items tagged: Donnelly Penman & Partners Inc

Wednesday, 16 June 2021 17:09

Lake Michigan Credit Union continues Florida expansion with planned acquisition

Lake Michigan Credit Union will gain a larger presence along Florida’s Gulf Coast with the acquisition of a community bank.

Published in Finance
Sunday, 08 November 2020 18:50

UFCU to take commercial lending to ‘next level’ with Edgewater Bank acquisition

ST. JOSEPH — The proposed acquisition of Edgewater Bancorp Inc. would give United Federal Credit Union greater expertise to further grow commercial lending.

Published in Finance
Tuesday, 27 October 2020 11:52

United Federal Credit Union to acquire Edgewater Bank in ‘collaboration’ deal

ST. JOSEPH — United Federal Credit Union would broaden its footprint in Southwest Michigan with the planned acquisition of Edgewater Bancorp Inc.

Published in Finance

Sunday, 10 May 2020 18:54

ChoiceOne-Community Shores deal progresses toward ‘likely’ third quarter close

In mid-2018, executives and directors at Community Shores Bank Corp. began to study “strategic alternatives” to grow the bank.

Published in Finance
Monday, 06 January 2020 09:36

ChoiceOne to acquire Community Shores Bank in $21.9 million deal

SPARTA — Five months after closing one acquisition, ChoiceOne Financial Services Inc. now plans to do another.

Published in Finance
Tuesday, 10 September 2019 10:26

Spartan Motors acquires California-based Royal Truck Body

CHARLOTTE — Spartan Motors Inc. continues to build its presence on the West Coast with its second acquisition of a California company in three months. 

Published in Manufacturing

Sunday, 07 January 2018 00:38

After a pause in 2017, bank M&A expected to pick up

John Donnelly considers Independent Bank Corp.’s proposed $63.1 million deal to buy Traverse City-based TCSB Bancorp Inc. as indicative of the bank mergers likely to occur in Michigan next year.

Published in Finance
Sunday, 15 October 2017 22:40

Adams of Spartan Motors takes disciplined approach to dealmaking

After steering Spartan Motors Inc. through a series of changes that helped the manufacturer return to profitability, Daryl Adams knew the timing worked to take the next step in the company’s growth strategy.

Published in M&A Award Profiles
Sunday, 26 June 2016 11:18

MiBiz Growth Report: June 27, 2016

Here is the MiBiz Growth Report for June 27, 2016.

• M&A: German company Kion Group AG, an industrial truck, material handling and logistics automation equipment manufacturer, plans to acquire Dematic Corp. for approximately $2.1 billion in what executives described as a “landmark” transaction. The deal values the logistics and automation firm, whose North American operations are based in Grand Rapids, at an enterprise value of $3.25 billion, according to a joint statement. Dematic generated $1.8 billion in revenues and $166 million in adjusted earnings before interest and taxes during the calendar year 2015. Kion Group will acquire Dematic from funds managed by New York City private equity firm AEA Investors LP and the Ontario Teachers Pension Plan. The deal, which is expected to close in the fourth quarter pending regulatory approval, also carves out “certain liabilities,” according to a statement.

Published in Breaking News