GRAND RAPIDS — MiBiz Inc. has hired journalist Andy Balaskovitz as managing editor of its West Michigan business publication.
For years, readers have relied on MiBiz to break through the noise, go beyond the easy stories and deliver top-notch local business news and information not available from any other source. We’re now asking readers of MiBiz.com to support those efforts directly by subscribing.
M&A Awards: Fox Motors navigates complexities to acquire, consolidate pair of family-owned dealershipsWritten by Joe Boomgaard
When Fox Motors negotiates deals to buy other dealerships, the Grand Rapids-based company prioritizes treating sellers fairly in the transactions.
A West Michigan car dealership group plans to acquire a pair of stores located a mile apart on Plainfield Avenue north of Grand Rapids.
Walker-based grocery retailer Meijer Inc. hopes to build a new gas station adjacent to its recently-opened Bridge Street Market west of downtown.
Meritage Hospitality reports continued sales growth amid challenges from weatherWritten by Nick Manes
Meritage Hospitality Group Inc. continues on a growth trajectory, even after feeling the effects of a devastating hurricane last month.
A Northern Michigan investor group has acquired the assets of Air-Services Inc., a charter aviation provider serving the business market in Northern Michigan.
Warner Norcross + Judd LLP plans to open a new office in downtown Detroit.
Building your business to withstand the next 5 or 50 years takes an investment of time, people and resources. The Advanced Manufacturing Expo was designed to accelerate your growth by assembling talented people and companies for every aspect of your manufacturing business.
Businesses take differing approaches to counter cybersecurity threats, survey findsWritten by Mark Sanchez
Most businesses remain vulnerable to cybersecurity threats, as online attacks continue to grow.
As West Michigan’s startup culture continues to develop, many new tech companies are growing out of business incubators around the region.
GRAND RAPIDS — The $1.7 million in capital CertifID LLC raised earlier this year perhaps typifies how investors view the tech sector these days.
West Michigan-based technology executives increasingly view the industry as an up-and-coming star of the region’s economy.
Embracing next gen ideals: Nonprofits, foundations change tactics to tap into younger donors, volunteersWritten by Jane C. Parikh
Despite their strong ties to smartphones and virtual communication, Gen Xers and Millennials still crave face-to-face interaction, and the philanthropic sector is taking note.
Center for Women in Transition diversifies funding sources to reduce reliance on grantsBy Marla R. Miller
With a new executive at the helm, Center for Women in Transition experienced its own share of change in 2017.
Building a strong foundation for the community involves bricks and mortar, in addition to providing funds focused on health and human service issues.
ICCF takes ‘leap of faith’ in acquiring massive residential property portfolioWritten by Nick Manes
The $14.5 million acquisition of 177 homes in the Grand Rapids and Lansing areas required a “leap of faith” from Ryan VerWys and his team at the Inner City Christian Federation (ICCF).
Leaders of Extended Grace are working to put their hands out for more than money to fund their organization.
Read Muskegon grew out of an informal group of volunteers providing one-on-one literacy tutoring, but the organization in recent years has shifted gears to boost its visibility and impact in the community.
MiBiz presents the fourth-annual West Michigan’s Best-Managed Nonprofit Awards. This year, we received a record number of nominations for the awards, which were solicited in three organizational categories separated by annual revenues and one honoring professional achievement.
Here are the winners and finalists:
Unlike many public and for-profit companies, nonprofits sometimes need to pump the brakes in their quest for growth.
Community Foundation of the Holland/Zeeland Area breaks the norm with endowment pushWritten by Jane C. Parikh
Conversations with donors about estate gifts can be long and drawn out affairs, but executives at the Community Foundation of the Holland/Zeeland Area found a way to make those discussions easier and netted $30 million in the process.
Thomas Zmolek considered a career in photojournalism, but life experiences and a summer science institute during high school led him down a different path, one that still put him on the forefront of social change over the last 40 years.
The active M&A market in West Michigan shows no signs of slowing down for the foreseeable future. For the executives and advisers honored in the 2017 MiBiz M&A Deals and Dealmakers of the Year Awards, that’s a sign that the local economy remains strong — and that companies and private equity firms will continue to have ample dry powder for transactions in the years ahead.
M&A Roundtable: Executives share bright outlook for the M&A market in West MichiganWritten by Joe Boomgaard
The active mergers and acquisitions market shows no signs of slowing down for the foreseeable future.
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.
With three acquisitions and two exits under his belt in the last year and a half, Martin Stein continues to drive a steady pace of deal activity at Blackford Capital.
In his 28 years in practice, attorney Jeff Ott has worked on almost 70 transactions, nearly a dozen of which involved Chemical Financial Corp.’s acquisitions of other banks.
While advising on more than two-dozen transactions over a 12-month period, Dustin Daniels saw firsthand the growth of private equity’s role in mergers and acquisitions in West Michigan.
Middleville Tool & Die partners with Bayer family to access needed resourcesWritten by Joe Boomgaard
The family-owned Middleville Tool & Die Co. found itself in a precarious position in the last couple of years leading up to December 2016.
Amid strong growth spurt, Ranir prioritizes due diligence in deal for Rembrandt brandWritten by Mark Sanchez
A phone call Ranir LLC CEO Rich Sorota got in early 2016 offered an opportunity: Multinational medical device and pharmaceutical company Johnson & Johnson Consumer Inc. wanted to sell its Rembrandt teeth-whitening product line.
The 2014 sale of a Baltimore, Md.-based optical practice to a Los Angeles private equity firm was one of two industry deals that led to an opportunity for the partners at Grand Rapids Ophthalmology PC.
Nearing $10 billion in assets after a series of smaller community bank acquisitions, Chemical Financial Corp. last year needed to pursue a deal larger than any it had contemplated before.
SpartanNash enters high-growth prepared foods market in deal for Indianapolis firmWritten by Joe Boomgaard
For its first acquisition following the transformational deal that created SpartanNash Co., the grocery retailer and distributor opted to buy a company that positioned it in a related high-growth market.
After experiencing explosive growth over the better part of a decade, executives at Muskegon-based KL Outdoor LLC knew they needed a partner to continue that pace of expansion into the years ahead.
It was a little more than a year ago that Axios HR President Kellie Haines decided to give herself the day off.
Join us for the Advanced Manufacturing Expo, Aug. 22 and Aug. 24, 2017.
Rodney Martin has seen a great deal ofprogress in Grand Rapids becoming a more diverse and inclusive community over the last three decades.
West Michigan World Trade Week is part of an annual nationwide celebration of international trade observed by business, government and trade-related organizations across the United States in May. Its mission is to share international business knowledge and highlight the link between international trade and Michigan’s economic well-being. See the featured articles below and plan to attend World Trade Week events to learn best practices from companies succeeding in the global economy.
Energy efficiency, more renewables will be key amid ‘explosive’ growth of data centersWritten by Andy Balaskovitz
About 20 years ago, energy experts predicted a major challenge with producing the amount of electricity needed to accommodate the huge growth of the internet and storing companies’ data on energy-intensive servers.
Driven by relatively affordable real estate and a diverse workforce, the West Michigan region has become a growing hub for call centers, administrative back offices and — to a lesser extent — data centers.
Reality based: Video game design educational programs help tech firms compete in VR/ARWritten by Nick Manes
People don’t often associate West Michigan with video game design, and for good reason.
For Mark Sellers, the magic number of sorts is $300.
For Tracy Larsen, the work of evaluating and closing deals continues to push ahead even in the face of global tumult and a general sense of economic uncertainty.
In what he describes as a “good year,” Michael Jones was involved in closing 20 transactions in late 2015 and the first half of 2016 that had a collective value of $1.5 billion.
Mike VanGessel likes to talk about the “why” behind his company’s decision to invest in the long-neglected west side neighborhood of Grand Rapids.
It’s been a busy year and a half for David DeBoer.
When Service Express Inc. (SEI) sought a buyer in 2015, owners Michael McCullough and Ed tenHaaf were just looking to retire.