Detroit - Articles
May 16, 2019
P&M Advises on Sales of Three Michigan Firms to Carlisle
Southfield-based P&M served as the exclusive financial adviser to the acquisition of Hosco Fittings, Classic Precision and Integrated Dispense Solutions in their sale to Carlisle Fluid Technologies...
By Mark Scott
May 16, 2019
PlanetM Awards More Than $440K In Grants To Five Mobility Startups
PlanetM Mobility Grants also provide aid to mobility startups and corporations to test, validate and prove out new technologies on Michigan roadways...
By Mark Scott
May 14, 2019
Pipeline Angels: Driving change in Detroit’s angel investor community
Kerry Ann Rockquemore and Pipeline Angels bring needed guidance to help young entrepreneurs shape their vision and target markets that offer a better chance for success....
By Mark Scott
May 9, 2019
Kandu Capital Acquires Indiana Senior Living Community In $5M Deal
The $5 million deal continues Bloom’s expansion of its diversified, growing portfolio of independent living, assisted living and memory care communities throughout the U.S....
By Mark Scott
May 9, 2019
Charles Huebner Digs Deep To Make Investments Deals Work For Clients
The founder of Pointe Capital Management talks about the forces that drove the launch of his investment management firm and the value of being a dealmaking sleuth....
By Mark Scott
May 9, 2019
Meritor to acquire AxleTech, enhance growth platform
Meritor reached an agreement with an affiliate of The Carlyle Group under which Meritor will acquire AxleTech for $175 million in cash, adjusted for changes in working capital at closing....
By Mark Scott
May 8, 2019
GM In Talks To Sell Ohio Assembly Plant
Once closed, work could begin immediately to prepare the facility for production of electric vehicles developed by Cincinnati-based Workhorse Group....
By Mark Scott
May 7, 2019
GM Cruise Lands $1.15B In Funding From New, Existing Backers
The funding comes from a group comprised of institutional investors — including funds and accounts advised by T. Rowe Price Associates Inc. — and existing partners General Motors, SoftBank Vision Fund and Honda....
By Mark Scott
May 7, 2019
ASX Launches Seed Equity Round to Fund Air Travel Revolution
Proceeds will be used to help the aviation technology startup acquire key automotive EV technology, build a series of full-scale prototypes and initiate Federal Aviation Administration certification....
By Mark Scott
May 7, 2019
BorgWarner inks joint venture deal with Romeo Power Technology
The new joint venture with the battery module and pack supplier based in California will be split 60/40 with BorgWarner holding the larger share....
By Mark Scott
May 3, 2019
Lineage Logistics Closes $1B Deal To Acquire Industry Rival
Lineage Logistics LLC has closed a deal to acquire rival Preferred Freezer Services LLC, creating largest temperature-controlled facility network in the world....
By Mark Scott
May 3, 2019
Atlas purchase of Colorado oil facility provides “immense opportunity”
Atlas Oil Co. makes deal to expand its presence in, Colorado, a region with “immense opportunity” for expanded distribution services....
By Mark Scott
May 3, 2019
Peterson American Corp. completes sale to MiddleGround Capital
Southfield-based Peterson American Corp. has completed its sale to MiddleGround Capital, a newly formed private equity firm that makes control equity investments in lower middle market North American companies....
By Mark Scott
May 3, 2019
DTE Midstream to acquire additional stake in natural gas system
DTE Midstream has reached an agreement with WGL Midstream Inc. to acquire an additional 30 percent stake of Stonewall Gas Gathering for $275.3 million....
By Mark Scott
May 3, 2019
Mobility and technology are driving automotive M&A
EY's Brad Hehl assesses the dealmaking landscape in the automotive space and what lies ahead for M&A activity in 2019....
By Mark Scott
May 1, 2019
Denso leads $20M Series A funding round for micromobility startup
The world’s second-largest mobility supplier has taken a stake in Bond Mobility to help the world’s only speed eBike sharing company develop an urban transportation strategy....
By Mark Scott
April 30, 2019
TriMas buys Taplast, second Italian acquisition in 6 months
The move is the second Italian acquisition in the past six months for the Bloomfield Hills-based company as it seeks to accelerate the growth of its packaging platform....
By Mark Scott
April 29, 2019
Three Michigan health systems combine to build, operate $48M laundry facility
Henry Ford Health System, Michigan Medicine and Saint Joseph Mercy Health System are collaborating in a major economic investment in the Northwest Goldberg neighborhood....
By Mark Scott
April 25, 2019
How Don Nystrom Builds Dynamic Aerospace Through Acquisitions
The CEO explains how he found a company that wasn’t even on the market — and turned it into a great acquisition....
By Mark Scott
April 24, 2019
Ford invests $500M in EV Truck Startup Rivian
Ford Motor Co. has made a $500 million equity investment in Plymouth-based Rivian and plans to use the company’s platform to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio....
By Mark Scott
April 24, 2019
Rock Holdings buys leading Canadian mortgage tech startup
Deal gives the parent company of Quicken Loans access to Lendesk’s proprietary, direct-to-lender mortgage application network that streamlines the mortgage origination process....
By Mark Scott
April 23, 2019
Holland-based JR Automation to be acquired by Hitachi
Outgoing JR Chairman Mike DuBose said the deal will enable his company to maintain its strong growth trajectory....
By Mark Scott
April 22, 2019
Universal Logistics is acquiring Chicago’s Michael’s Cartage
The acquisition by the Warren-based company will position Universal as a leading intermodal drayage provider in the Chicago market....
By Mark Scott
April 19, 2019
Report: Gilbert's StockX headed for unicorn status
The online sneaker resale marketplace looks to be headed for unicorn status thanks to a reported investment from Hong Kong-based DST Global....
By Michael Marzec
April 19, 2019
Chris Rizik: Honesty Is The Best Policy When Pitching VCs
Chris Rizik shares his insight on how to make a better pitch to investors, as well as the growth opportunities that exist in Detroit’s VC community....
By Mark Scott
April 18, 2019
Budco Financial bought by Cleveland's ScaleCo.
Scale Community is acquiring the Detroit-based payment plan program management company from Evolution Capital Partners, which is also based in Cleveland....
By Mark Scott
April 18, 2019
ASPIRE Dealmakers Conference Photo Gallery
The Westin Book Cadillac was the site of Detroit's biggest CEO-focused dealmakers event on April 11. The ASPIRE Dealmakers Conference featured panel discussions with some of Detroit's top dealmakers, as well as extensive networking opportunities to meet with entrepreneurs, investors and advisers who make deals happen in metro Detroit....
By Michael Marzec
April 18, 2019
Lear completes acquisition of Xevo
Southfield-based Lear Corp. has completed its acquisition of Xevo Inc., a $320 million deal that combines the Seattle company’s car technology with Lear's expertise in electronic systems....
By Mark Scott
April 16, 2019
Home Point Financial buying wholesale mortgage operation
Ann Arbor-based Home Point Financial is acquiring the wholesale division of Platinum Mortgage Inc., with plans to merge it into its own burgeoning wholesale business....
By Mark Scott
April 15, 2019
Magic Plus acquires Michigan State Fairgrounds
Magic Johnson and Joel Ferguson's Magic Plus has closed its acquisition of the former Michigan State Fairgrounds property on Detroit's Woodward Avenue....
By Mark Scott
April 12, 2019
How to manage a portfolio after selling your business
Investing is a good way to stay in the game after you’ve sold your business. But the transition from business owner to ‘investor’ can be jarring if you don’t adjust your expectations....
By Mark Scott
April 12, 2019
Nuspire to merge with Denver-based GBprotect
Nuspire is acquiring Denver’s GBprotect in a move intended to help both managed security services companies better respond to today’s evolving threat landscape....
By Mark Scott
April 12, 2019
Gilbert buys Fowler building
Dan Gilbert is buying one of the last vacant buildings along Detroit’s Woodward Avenue shopping corridor....
By Mark Scott
April 9, 2019
HistoSonics Closes $54M Series C Financing Led By Varian Medical
HistoSonics plans to use the proceeds to complete regulatory and commercial milestones and expand development of its platform designed to overcome limitations and side effects of current cancer therapies....
By Mark Scott
April 5, 2019
Huron Capital’s Brian Demkowicz: Dealmaking is back in Detroit
The PE firm's co-founder explores the method that fuels his dealmaking productivity and the role Midwestern values play in the firm’s success....
By Mark Scott
April 5, 2019
Dan Gilbert's JACK Entertainment to sell Cincinnati casino, track
Hard Rock International will handle operations at both properties. VICI will own the land and will enter into triple-net leased fee agreement with Hard Rock International....
By Michael Marzec
April 2, 2019
Lear to buy Xevo in $320M deal
The $320 million deal will combine Seattle-based Xevo's e-commerce vehicle platform technology with Southfield-based Lear's expertise in electronic systems....
By Mark Scott
April 1, 2019
Fifth Eye raises $11.5M Series A round
The Ann Arbor-based medical device software company will used the funds to secure FDA clearance of of its first product, support clinical studies and enable commercial launch of the product....
By Adam Burroughs
April 1, 2019
Kellogg to sell Keebler, Famous Amos brands for $1.3B
Kellogg Co. is selling selected cookies, fruit and fruit-flavored snacks, pie crusts, and ice cream cones businesses to the global confectionary company Ferrero Group and its related companies for $1.3 billion in cash as it continues to refocus its brand portfolio....
By Adam Burroughs
April 1, 2019
Strength Capital sells ARCH Global to NYC PE firm
CEO Eli Crotzer and the rest of the ARCH senior management team will continue operating the manufacturer of precision cutting tools, precision machined industrial components and medical implants and instruments....
By Adam Burroughs
April 1, 2019
Stoneridge sells product lines to Standard Motor Products
Related to the transaction, Stoneridge and SMP have entered into a transition services agreement, supply agreement and contract manufacturing agreement to help support the transition of the product lines to SMP's facilities....
By Adam Burroughs
March 29, 2019
Chip McClure finds deals in unloved world of Tier 2, Tier 3 suppliers
By founding Michigan Capital Advisors, he has created a private equity firm that addresses the lack of access to capital that prevents suppliers from keeping up with customer demand and diversifying beyond the auto sector....
By Mark Scott
March 26, 2019
'Merger of equals' will create $1.3B banking institution
ChoiceOne Financial Services, the parent company of ChoiceOne Bank, and County Bank, the parent company of Lakestone Bank & Trust, are merging to form the 12th-largest bank holding company in Michigan....
By Adam Burroughs
March 26, 2019
University Lending Group buys assets of Huron Valley Financial
University Bancorp Inc. subsidiary University Lending Group has acquired certain assets of Huron Valley Financial Inc., a privately held mortgage banking firm also based in Ann Arbor, Michigan....
By Adam Burroughs
March 22, 2019
M&A due dilligence: Understanding cost, risk and liability
There are no mergers of equals, says Howard & Howard’s Joseph DeVito, Esq. But effective due diligence can help your business get the best possible deal. Here’s what you need to know about cost, risk and liability when preparing for a merger....
By Mark Scott
March 22, 2019
Lear invests in Israeli Venture Fund in Mobility Space
Lear has invested an undisclosed amount in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology....
By Adam Burroughs
March 21, 2019
Soave Enterprises buys New Center Stamping
Soave Enterprises has acquired New Center Stamping Inc., a stamping, assembly and engineering firm in Detroit’s Milwaukee Junction neighborhood....
By Adam Burroughs
March 20, 2019
Horizon Global Corp. gets liquidity injection with $51M loan
Horizon Global Corp. has closed a new financing agreement to provide additional liquidity and has amended its existing term debt agreement to relax financial covenants....
By Adam Burroughs
March 19, 2019
Continental Services nabs Sterling Services for 5th acquisition in 18 months
Continental Services, Michigan’s largest food management company, has acquired Canton-based Sterling Services, creating Michigan’s largest founder-owned contract dining management company....
By Adam Burroughs
March 14, 2019
Is a dividend recap right for you?
Greenwich Capital Group's Andrew Dickow shares his thoughts on dividend recapitalization strategy and how to find the right path to meet your needs....
By Mark Scott
