Finance

Former Herman Miller Inc. President and CEO Brian Walker joined Detroit-based private equity firm Huron Capital as a partner in charge of strategic leadership for portfolio companies.

Additional Info

  • Image_Position Headshot

Mercantile Bank Corp. recorded strong earnings and loan growth to end 2018, a trend executives expect should continue into 2019.

Additional Info

  • Image_Position Full

Here is the MiBiz Growth Report for Jan. 21, 2019.

Additional Info

  • Image_Position Full

Insurance broker First Agency Inc. has sold to Rolling Meadows, Ill.-based Arthur J. Gallagher & Co.

Additional Info

  • Image_Position Full

The $8 million in capital West Michigan Community Bank just raised will go to support further growth and perhaps develop another branch location in the Grand Rapids area.

Additional Info

  • Image_Position Full

Professionals expect a vibrant M&A market and strong deal flow this year amid easing U.S. economic growth and rising interest rates.

Additional Info

  • Image_Position Full

small private equity firm started in Southern Michigan plans to invest in a niche area most investors ignore. In targeting small manufacturers in small towns and other rural markets across the state, Parma-based Fresh Water Ventures Fund LP seeks to acquire small businesses and maintain operations in their hometowns.

Additional Info

  • Image_Position Full

M&A professionals expect the dealmaking market to remain healthy in 2019. That’s one of the conclusions from a panel of executives MiBiz assembled to talk about West Michigan’s mergers and acquisitions sector.

Additional Info

  • Image_Position Full

CALEDONIA — In the more than five years since Greg Williams founded the company, Acrisure LLC has become the most prolific acquirer of independent insurance agencies in the U.S.

Additional Info

  • Image_Position Full

Interest rates likely will rise again in 2019. How much and how often remains the question following the latest quarter-point increase in the federal funds rate last week by the Federal Open Market Committee (FOMC), which for two years has been raising interest rates from historic lows reached a decade ago during the Great Recession.

Additional Info

  • Image_Position Headshot

Volatility came back to the stock market in 2018 and Todd Harvey doesn’t see it going away in 2019. The director of Fifth Third Private Bank since 2012 and a wealth management professional for 16 years, Harvey believes the market next year will have to cope with rising interest rates amid a U.S. economy that will continue growing, although at a slower rate.

Additional Info

  • Image_Position Full

Bank of America’s West Michigan operations had a record year in 2018 in terms of the number of new business clients. The year came on top of similar results in 2017, when the bank consolidated local operations into a single office in downtown Grand Rapids, a move that better organized and generated greater collaboration among staff in pursuing new business. Echoing the sentiment of other local executives, Tabben said business clients are working to cope with the region’s tight labor market. 

Additional Info

  • Image_Position Headshot

Krista Flynn joined Chemical Bank in July as regional president for West Michigan, leading a market that includes Grand Rapids and Holland. She previously spent seven years in corporate banking at PNC Bank and 15 years at JPMorgan before going to work at Chemical, the largest bank based in Michigan. Chemical Bank, with more than $20.9 billion in total assets, has been building its commercial banking and wealth management staff, and is presently building out a new regional headquarters in downtown Grand Rapids. Parent company Chemical Financial Corp. also plans to develop a new corporate headquarters in downtown Detroit.

Additional Info

  • Image_Position Full

Kalamazoo-based Consumers Credit Union surpassed a key milestone when it hit $1 billion in assets back in May 2018. By the end of the third quarter, the 92,000-member credit union had grown assets further to $1.07 billion, and President and CEO Kit Snyder expects assets to close the year at $1.1 billion. The growth during 2018 came as Consumers Credit Union settled into a new headquarters in The Groves Engineering Business Technology Park in Kalamazoo.

Additional Info

  • Image_Position Headshot

GRAND RAPIDS — A new office in suburban Detroit gives Blackford Capital a market presence to scout for deals in the heart of the auto industry and center for American manufacturing. 

Additional Info

  • Image_Position Headshot

PARCHMENT — Advia Credit Union would gain a larger market presence in northern Illinois with the proposed acquisition of Golden Eagle Community Bank.

Additional Info

  • Image_Position Headshot

Michigan will maintain job growth through 2019, although at a slower rate than the past several years as employers have fewer people to hire.

Additional Info

  • Image_Position Full

Here is the MiBiz Growth Report for Nov. 12, 2018.

Additional Info

  • Image_Position Full

GRAND RAPIDS — A lukewarm initial public stock offering by drinkware and cooler-maker Yeti Holdings Inc. spelled a smaller-than-expected payout for a prominent West Michigan family office. 

Additional Info

  • Image_Position Full

GRAND RAPIDS — Even when it first acquired Dickinson Press LLC more than three years ago, Blackford Capital saw Brainerd, Minn.-based CJK Group Inc. as a potential buyer.

Additional Info

  • Image_Position Headshot

Seven credit unions in Michigan plans to open a new trust bank late in the first quarter of 2019 after receiving approval from state regulators.

 

Additional Info

  • Image_Position Full

MiBiz, in conjunction with the Association for Corporate Growth of Western Michigan, highlighted the winners and finalists of the 2018 M&A Deals and Dealmakers of the Year Awards on Oct. 28 at the Gerald  R. Ford Presidential Museum in Grand Rapids. 

Additional Info

  • Image_Position Full

Here is the MiBiz Growth Report for Oct. 29, 2018.

Additional Info

  • Image_Position Full

An already strong M&A market could get even more competitive in 2019, driven by a good U.S. economy and plenty of available capital.

Additional Info

  • Image_Position Full

The spring acquisition of TCSB Bancorp Inc. in Traverse City, combined with strong loan growth, drove earnings higher for Independent Bank Corp. in the third quarter.

Additional Info

  • Image_Position Full

Macatawa Bank Corp. grew earnings more than 40 percent in the third quarter.

Additional Info

  • Image_Position Full

Stryker Corp.’s sales grew nearly 8 percent during the third quarter to $3.24 billion. The quarterly result compares to sales of $3 billion in the same period last year.

Additional Info

  • Image_Position Full

Marijuana for recreational use by adults could become a $1.4 billion industry in Michigan in the years ahead.

Additional Info

  • Image_Position Full

A tribal-owned architecture and engineering firm in Southwest Michigan plans to relocate its headquarters to a new Kalamazoo commercial development.

Additional Info

  • Image_Position Full

ChoiceOne Financial Services Inc., the parent company of ChoiceOne Bank, recorded higher earnings for the third quarter.

Additional Info

  • Image_Position Full

A West Michigan manufacturer of wood-based products has acquired Pak-Rite Ltd., a Milwaukee,Wis.-based packaging design and manufacturing firm.

Additional Info

  • Image_Position Full

Shoulder Innovations Inc. closed on $2.5 million raised in a Series A equity funding round led by the Michigan Angel Fund of Ann Arbor.

Additional Info

  • Image_Position Full

Mercantile Bank Corp. grew third quarter earnings by more than 20 percent compared to a year ago.

Additional Info

  • Image_Position Full

MiBiz, in conjunction with the Association for Corporate Growth Western Michigan, is pleased to present the sixth-annual M&A Deals and Dealmakers of the Year Awards.

Additional Info

  • Image_Position Full

Friends and family saw Stephen Waterbury heading toward a career in law before he ever did.

Additional Info

  • Image_Position Full

A recapitalization in late 2010 put Grand River Aseptic Manufacturing Inc. on the path to triple-digit annual growth.

Additional Info

  • Image_Position Full

Acquiring Sparta-based Old Orchard Brands LLC in April allowed a Canadian beverage company to add a modern plant in Michigan to better access the Midwestern market.

Additional Info

  • Image_Position Full

Faced with an industry sea change and the loss of a major customer, Benton Harbor-based Midwest Timer Services Inc. needed to take action to remain a growing business.

Additional Info

  • Image_Position Full

Aaron Zeigler fell in love with the car business as a teenager.

Additional Info

  • Image_Position Full

The recent scale and scope of M&A activity around the region has made for a “pretty cool year” for deal advisers like Rajesh Kothari. 

Additional Info

  • Image_Position Full

By focusing on the smaller end of the M&A market, Max Friar has sought to expand the deal flow for his Grand Rapids-based advisory firm.

Additional Info

  • Image_Position Full

Here is the MiBiz Growth Report for Oct. 15, 2018.

Additional Info

  • Image_Position Full
Page 1 of 5