Displaying items tagged: Donnelly Penman & Partners Inc
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.
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.
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.
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.
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.
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.
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.
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.
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.
