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Displaying items tagged: finance

Sunday, 06 November 2022 18:45

WHAT’S IN A NAME? Little known outside of Grand Rapids, Acrisure builds brand awareness with sports naming rights, sponsorship deals

When an unknown fintech firm from Grand Rapids supplanted a hometown company in purchasing the naming rights for the home stadium of the NFL’s Pittsburgh Steelers, it kicked off a wave of miffed reactions from fans and commentators alike.

Published in Finance
Thursday, 03 November 2022 00:01

M&A outlook shows cautious optimism as economic conditions create ‘haves and have-nots’ among dealmakers

Business executives and M&A professionals in a recent survey offered cautious optimism for the market next year, despite rising interest rates and elevated expectations for a U.S. recession.

Published in Finance
Tuesday, 01 November 2022 14:31

VC fund leads $3M investment in platform that expedites property insurance claim payments

Grand Rapids-based venture capital fund Grand Ventures led a $3 million capital round for iink Payments, a Tampa, Fla.-based platform that expedites payments for property insurance claims.

Published in Finance

Wednesday, 26 October 2022 10:41

Lake Michigan Credit Union to unify brand under ‘LMCU’ amid growth in Michigan, Florida

GRAND RAPIDS — Lake Michigan Credit Union has launched a rebranding to create a common brand identity in Michigan and Florida using just its initials.

Published in Finance
Friday, 14 October 2022 15:06

Q&A: 3-year grant to help Northern Initiatives improve small business job quality

Small business lender Northern Initiatives will receive $100,000 from major foundations annually over the next three years to help grow small businesses across Michigan.

Published in Small Business
Friday, 14 October 2022 12:38

Consumers Credit Union secures restaurant naming rights at Van Andel Arena 

GRAND RAPIDS — Kalamazoo-based Consumers Credit Union has signed a sponsorship agreement with Van Andel Arena for the naming rights to a restaurant.

Published in Finance

Tuesday, 04 October 2022 20:54

Monroe Equity Partners raises $22M to pursue deals for corporate divestitures

GRAND RAPIDS — New capital commitments from investors give Monroe Equity Partners LLC the financial backing to pursue a market niche that’s projected to offer plenty of opportunity in the next few years.

Published in Finance
Monday, 19 September 2022 12:58

Acrisure expands digital offerings with latest acquisition

GRAND RAPIDS — Grand Rapids-based fintech and global insurance broker Acrisure LLC has acquired an Illinois company that helps small businesses obtain quotes and buy customized coverage online. 

Published in Finance
Monday, 12 September 2022 11:07

Michigan Capital Network raises target for next VC fund to $35M, citing strong interest

GRAND RAPIDS — Strong interest from investors led Michigan Capital Network to expand the size of its new venture capital fund, the organization’s fourth since its inception.

Published in Finance

Sunday, 11 September 2022 18:55

Comfort Research co-founder forms PE firm to pursue direct-to-consumer products deals

A Q&A with Matt Jung, founder of Orange Dot Ventures LLC

Published in Finance
Sunday, 11 September 2022 05:00

KeyBank plans new permanent office in downtown GR

GRAND RAPIDS — KeyBank intends to plant a flag in the West Michigan market with the opening of a downtown Grand Rapids office later this year or in early 2023.

Published in Finance
Thursday, 08 September 2022 12:55

Independent Bank opens 1st full-service branch in Ottawa County

HOLLAND — Independent Bank has opened a branch office in Holland at 12368 Riley St., off U.S.-31 near a Meijer Inc. store.

Published in Finance

Friday, 02 September 2022 11:10

Orange Dot Ventures, new PE firm from Comfort Research co-founder Matt Jung, completes first deals

A new West Michigan private equity firm has kicked off with a pair of deals for direct-to-consumer products companies. 

Published in Finance
Wednesday, 31 August 2022 10:55

Crain Communications acquires Grand Rapids Business Journal

GRAND RAPIDS — Crain Communications Inc. has acquired the Grand Rapids Business Journal from Troy-based Gemini Media LLC, publication executives announced today.

Published in Finance
Wednesday, 31 August 2022 09:48

Consumer goods insurer Montage Inc. of Kentwood acquired by Boston firm

KENTWOOD — Montage Inc., a provider of protection plans for residential furniture, jewelry and watches, has sold to One80 Intermediaries Inc., a Boston-based specialty insurance broker.

Published in Finance

Tuesday, 30 August 2022 11:28

New Community Transformation Fund’s second investment goes to fintech relocating to GR

The second investment by the New Community Transformation Fund — a recently formed Grand Rapids investment fund for minority entrepreneurs — went to a Texas fintech that relocated its headquarters to downtown Grand Rapids.

Published in Finance
Friday, 19 August 2022 09:31

State to deploy $72M in first round of federally funded small business loans, investments

The state has begun the process to dispense nearly $237 million in federal funding to support small businesses.

Published in Small Business
Monday, 15 August 2022 16:17

Advia Credit Union names Fielder as next CEO under transition plan

KALAMAZOO — Advia Credit Union has named longtime Chief Financial Officer Jeff Fielder as its next president and CEO.

Published in Finance

Wednesday, 10 August 2022 19:04

Charter Capital Partners prepares to raise second, larger mezzanine fund

GRAND RAPIDS — Three years after forming a fund to invest in companies needing growth capital, Charter Capital Partners LLC has begun preparing to start a larger, successor fund.

Published in Finance
Tuesday, 09 August 2022 22:14

Banking executives see strong commercial lending environment at midyear

Business lending remained strong through midyear despite rising interest rates and economic uncertainty that’s generating worries about a potential recession, according to regional banking executives.

Published in Finance
Monday, 01 August 2022 12:04

MiBiz on WOOD-TV8: New Community Transformation Fund expands to Denver

A recently formed Grand Rapids investment fund supporting entrepreneurs of color is serving as a model for a similar effort in Colorado, while fund organizers say the effort could be replicated in even more U.S. cities.

Published in Economic Development

Sunday, 31 July 2022 10:00

GR investment fund for minorities replicated in Denver; other U.S. cities eyed

Leaders behind a Grand Rapids investment fund formed to support entrepreneurs of color hope a similar venture in Colorado becomes the first of multiple funds that replicate the model across the country.

Published in Finance
Sunday, 31 July 2022 18:27

Davis brings deep West Mich. background to new Huntington Bank role

The new West Michigan regional president for Huntington Bank moved into the job with nearly three decades of experience in the market.

Published in Finance
Thursday, 28 July 2022 14:32

Sylvester takes over Consumers Credit Union after longtime CEO retires

KALAMAZOO — A new chief executive officer took over this month at Kalamazoo-based Consumers Credit Union.

Published in Finance

Thursday, 28 July 2022 04:00

VC investments in Michigan companies hit new record in 2021, report finds

Venture capital investing in Michigan reached an all-time high in 2021 for the amount invested, as the industry built further momentum, continued the growth trend of several years and as the state attracted more outside investors to participate in deals.

Published in Finance
Thursday, 21 July 2022 15:10

Acrisure bolsters cyber services division with two acquisitions

GRAND RAPIDS — Grand Rapids-based fintech company and global insurance broker Acrisure LLC has added to its cyber services business with two acquisitions.

Published in Finance
Monday, 18 July 2022 07:44

Huntington Bank names new West Michigan regional president

Huntington Bancshares Inc. has named a veteran banking executive and longtime West Michigan resident to lead its regional division.

Published in Finance

Thursday, 14 July 2022 00:08

VC investments in Michigan firms nearly double as deal volume flattens in Q2

Venture capital investing in Michigan held up well through midyear compared to national trends, as the number of deals were essentially even while the amount invested nearly doubled.

Published in Finance
Monday, 11 July 2022 16:23

Acrisure secures naming rights to home of Pittsburgh Steelers

Grand Rapids-based insurance broker and fintech Acrisure LLC signed a 15-year deal for the naming rights of the NFL Pittsburgh Steelers’ home stadium.

Published in Finance
Sunday, 03 July 2022 18:00

Economic disruptions create M&A ‘inflection point’ at midyear

The mergers and acquisitions market enters the second half of 2022 facing a stack of issues that may affect deal flow and how transactions are structured.

Published in Finance

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