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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