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Detroit - Articles

September 19, 2019

How Blockchain Could Impact Commercial Real Estate Investing

The future of dealmaking, specifically in the commercial real estate market, is in blockchain technology, says Inveniam Capital Partners’ Patrick O’Meara....

By Mark Scott

September 19, 2019

Horizon Global Closes $233M Sale Of Asia-Pacific Business Segment

Horizon Global, a manufacturer of branded towing and trailering equipment, will use the net proceeds to significantly reduce its debt and allow for increased financial flexibility....

By Mark Scott

September 19, 2019

Taubman Centers Completes $300M Sale Of South Korean Shopping Center

Starfield Hanam is the largest Western-style shopping center in South Korea at nearly 1.7 million square feet....

By Mark Scott

September 19, 2019

Best Life Brands Completes Deal To Buy NC-Based Blue Moon Estate Sales

The deal marks the third brand on Best Life Brands' roster and is part of the parent organization's strategic plan to add complementary companies that serve older adults and people with diverse needs in a more effective and holistic way....

By Mark Scott

September 18, 2019

Lineage Logistics Makes Strategic Acquisition In Europe

The acquisition will add more than 10 million cubic feet and more than 300,000 square feet of storage capacity to Lineage’s portfolio after current expansions are completed....

By Mark Scott

September 18, 2019

BGL Sells Strength Environmental LLC To Valicor

Brown Gibbons Lang & Co. has sold Inkster, Michigan-based Strength Environmental LLC to Valicor Environmental Services, a member of the Pritzker Private Capital family of companies....

By Mark Scott

September 17, 2019

Huron Capital-Backed Albireo Makes 10th Add-On Acquisition

Huron Capital formed Albireo in 2014 with the goal of building an industry leader in the fast-growing U.S. market for energy efficiency, building automation and energy management....

By Mark Scott

September 12, 2019

Three keys to an effective recapitalization strategy

Greenwich Capital Group's Andrew Dickow shares what you need to consider when building an effective recapitalization strategy....

By Mark Scott

September 12, 2019

Fair Buys Canvas From Ford Credit

Ford Motor Credit Co. The agreement furthers Fair’s leadership position in the vehicle subscription category, enabling the company to continue to accelerate consumer adoption and expansion throughout the U.S....

By Mark Scott

September 11, 2019

Huron Capital-Backed High Street Makes Sixth Acquisition

As one of the largest agencies in the Grand Rapids market, Ottawa Kent has operated for more than 40 years, providing insurance solutions to more than 10,000 customers, with offices in Jenison, Sparta, Holland and Byron Center....

By Mark Scott

September 10, 2019

Rivian Secures $350M Investment From Cox Automotive

This partnership marks Rivian’s third investment announcement of 2019, following a $700 million investment round in February led by Amazon, and in April, a $500 million investment from Ford Motor Co....

By Mark Scott

September 10, 2019

Southfield-Based e2View Inc. Raises $600,000 In Angel Funding

The company provides a live three-dimensional application intended to streamline the processes associated with installing, operating, analyzing, repairing and maintaining a product....

By Mark Scott

September 10, 2019

Dynamo Metrics Raises $715,000 In Venture Funding

The Ann Arbor-based company raised an undisclosed amount of venture funding from Invest Detroit Ventures on Feb. 7....

By Mark Scott

September 10, 2019

Reliance Global Group Buys Altruis Benefit Consulting

Bingham Farms-based Altruis serves customers throughout Michigan, specializing in both individual and group health insurance and generated revenue of approximately $2.5 million in 2018....

By Mark Scott

September 10, 2019

KSL Capital Partners To Buy Mackinac Island’s Grand Hotel

Pivot Hotels & Resorts, the lifestyle and luxury operating division of Atlanta-based Davidson Hotels & Resorts, will be engaged to manage the property for KSL....

By Mark Scott

September 9, 2019

Huron Capital Combines Northwest Pallet, Prime Woodcraft

Detroit-based Huron Capital has made an additional equity investment in Northwest Pallet Holdings LLC, combining its pallet solutions platform company with Brunswick, Ohio-based Prime Woodcraft Inc. The combined company will be headquartered in Schaumburg, Illinois...

By Mark Scott

September 9, 2019

AppSmart Buys Clawson-Based Telegration

Telegration provides a range of voice, internet, long distance, mobility, cable, data, cloud, hosted PBX and managed IT services and is a member of The Alliance Partners....

By Mark Scott

September 8, 2019

AIRS Raising $1.5M In Series A Venture Funding

Previously, the Newaygo-based company was awarded a $333,333 prize from Three Lakes Partners in IPF Catalyst Challenge on Jan. 25, 2018....

By Mark Scott

September 4, 2019

Why You Should Prepare To Sell, Even If You Don't

You never know when an opportunity is going to come along that you just can’t afford to pass up, says Vistage Michigan’s David Alden....

By Mark Scott

September 3, 2019

Monroe Bank & Trust, First Merchants Bank Complete Merger

Since its founding in 1858, Monroe Bank & Trust grew to one of the largest community banks in the state with total assets of $1.3 billion, total loans of $769 million, and total deposits of $1.2 billion (96% of which are core) as of June 30....

By Mark Scott

September 2, 2019

MJR Digital Cinemas Sells To European Group in $152M Deal

MJR Digital Cinemas is privately held and operates 10 movie theater complexes with a total of 164 screens, all located in Michigan. In 2018, the company drew 6.2 million visitors with total revenue of $81.2 million....

By Mark Scott

August 29, 2019

Peninsula Capital's Ty Clutterbuck

Peninsula Capital Partners' Ty Clutterbuck talks about his approach to making and assessing acquisition opportunities....

By Mark Scott

August 28, 2019

Orbion Space Technology Closes $9.2M Series A Funding Round

Orbion was founded in 2016 and emerged from a group of more than 60 competing businesses to win a $500,000 grant from the Accelerate Michigan Innovation Competition in 2017....

By Mark Scott

August 26, 2019

IMMY Raises $100,000 In Angel Funding

The company manufactures audio and visual headsets which offer virtual augmented reality experiences, typically through playing video games....

By Mark Scott

August 22, 2019

How To Optimize Capital To Support Growth

Veteran deal adviser Joseph Valentic walks through the process of determining your capital needs and how to find the best source to fund your growth....

By Mark Scott

August 21, 2019

Independent Emergency Physicians, Healthy Urgent Care Form Joint Venture

IEP has acquired two Healthy Urgent Care centers in Novi and Southfield to form IEP-HUC Health and has plans to open new centers throughout Southeast Michigan....

By Mark Scott

August 20, 2019

Amplifinity Sold To Utah-Based Impartner

Amplifinity’s team will remain in the company’s Ann Arbor offices, adding a Midwest team of developers to Impartner’s global channel innovation labs....

By Mark Scott

August 20, 2019

Hicks Plastics Co. Bought By PE-Backed Sea Link International

Hicks Plastics is a Tier II provider of injection-molded and metallized automotive forward lighting components headquartered in Macomb, with a secondary facility located in Knoxville, Tennessee....

By Mark Scott

August 16, 2019

Horizon Global Sells Asia-Pacific Business to Pacific Equity Partners

Upon completion of the sale and subsequent retirement of debt, Horizon Global intends to pursue a full or partial refinancing of its remaining secured debt....

By Mark Scott

August 14, 2019

Fellowes Brands Buys Trendway Corp.

Itasca, Illinois-based Fellowes Brands has acquired Trendway Corp., a Holland-based company specializing in office furniture systems, movable walls and seating for work environments....

By Mark Scott

August 14, 2019

Exit Strategy: Planning Now Avoids Headaches Later

Not all exits are quick. And when a business owner needs time to make an exit from their company, it adds another layer to the negotiation....

By Mark Scott

August 13, 2019

Level One Bancorp To Merge With Ann Arbor Bancorp In $67.8M Deal

Upon completion of the merger, the combined company will operate under the Level One name and have over $1.8 billion in assets, $1.4 billion in loans and $1.5 billion in deposits, based upon financials as of June 30....

By Mark Scott

August 12, 2019

Motus Integrated Technologies To Buy Janesville Fiber Solutions

Janesville produces high-performance engineered acoustical and thermal fiber solutions for a variety of automotive applications...

By Mark Scott

August 7, 2019

Mobility Startups Ride Wave Of Momentum

Ann Arbor SPARK’s Komal Doshi is working to create more mobility deal opportunities for companies like May Mobility, which has raised more than $33 million for its autonomous shuttles....

By Mark Scott

August 7, 2019

Traverse City-Based Hagerty Sells 25 Percent Stake To Markel

Hagerty has sold a 25 percent stake in the company for $212.5 million to Glen Allen, Virgina-based Markel Corp., according to a story published in Automotive News....

By Mark Scott

August 5, 2019

Huron Capital-Backed Pueblo Mechanical Makes Fifth Add-On Acquisition

Huron Capital partnered with Bueschel and acquired Pueblo in December 2017 to pursue an ExecFactor® buy-and-build strategy in the commercial HVAC market in the Southwestern U.S....

By Mark Scott

August 5, 2019

New Media Investment Group To Buy Gannett, Take Name In $1.38B Deal

Upon closing, the deal would create the nation’s largest newspaper chain, as Gannett would own 263 daily newspapers across 47 states and Guam, as well as USA Today....

By Mark Scott

August 1, 2019

Ford to buy Journey Holding

Ford Smart Mobility LLC, a division of Ford Motor Co., has agreed to acquire Journey Holding Corp. The new company will accelerate Ford’s delivery of transportation solutions for cities, universities, and other businesses with transit operations....

By Jayne Gest

August 1, 2019

American Battery Solutions completes asset purchase

American Battery Solutions Inc. has completed the acquisition of high-voltage manufacturing and testing assets from Robert Bosch Battery Systems, which was previously announced....

By Jayne Gest

August 1, 2019

Chemical, TCF deal closes

CF Financial Corp. has closed its previously announced merger of equals in which legacy TCF Financial Corp. merged into Chemical Financial Corp., with Chemical as the surviving company. Upon the closing, Chemical was renamed TCF Financial Corp., and its common shares will trade on The NASDAQ Stock Market under the symbol “TCF.”...

By Jayne Gest

August 1, 2019

Continental Structural Plastics to buy AMI assets

Continental Structural Plastics has agreed to acquire the assets of the stamping operations of AMI, Manchester, Michigan, which will allow CSP to bring stamping operations in-house. This acquisition includes AMI’s headquarters and manufacturing facility in Manchester....

By Jayne Gest

July 30, 2019

Ford buys robotics company Quantum Signal

Ford has acquired Quantum Signal, a Saline, Michigan, mobile robotics company, which helped the military develop software that allowed it to remotely control robotic vehicles from thousands of miles away. The transaction should help advance Ford’s goal of launching a self-driving vehicle business, including software development and hardware prototyping....

By Jayne Gest

July 30, 2019

Fishbeck buys Toledo engineering firm

Grand Rapids’ Fishbeck, Thompson, Carr & Huber Inc. has purchased Northwest Consultants Inc. The transaction should enable Fishbeck to develop a greater presence in Ohio and provide better, boarder service through four additional offices and more talent and experience....

By Jayne Gest

July 30, 2019

Windsor Industrial's David Costa: Buyers Should Always Be Closing

David Costa prefers to move fast when making acquisitions, moving form LOI to purchase agreement within 10 days. It’s an approach built out of hard lessons learned putting in the time and effort and walking away without a deal....

By Mark Scott

July 29, 2019

Meritor completes AxleTech purchase

Meritor Inc. has completed its acquisition of AxleTech from global investment firm The Carlyle Group. The previously announced transaction for approximately $175 million in cash will add complementary products to the Troy, Michigan, company....

By Jayne Gest

July 29, 2019

Mylan and Pfizer's Upjohn division to combine

Mylan N.V. and Pfizer Inc. have agreed to combine Mylan with Upjohn, Pfizer’s off-patent branded and generic established medicines business, creating a new global pharmaceutical company. The strategic deal puts together Mylan’s pipeline and supply chain and Upjohn’s commercial and medical infrastructure and expertise, in order to serve more than 165 markets....

By Jayne Gest

July 26, 2019

ATA buys Cincinnati’s InTitle Agency

Farmington Hills-based ATA National Title Group has purchased InTitle Agency to expand its coverage in Ohio and Kentucky....

By Jayne Gest

July 26, 2019

Harry Cendrowski: Due Diligence Critical To Successful Acquisitions

Harry Cendrowski, founding member and managing director at Cendrowski Corporate Advisors, discusses the evolving approach to due diligence in dealmaking....

By Mark Scott

July 24, 2019

Gemphire Therapeutics merges with NeuroBo Pharmaceuticals

The merged company will take on the NeuroBo name and focus on the company’s clinical-stage drug candidates for the treatment of neurodegenerative diseases....

By Mark Scott

July 24, 2019

Stephen Polk On Buying, Selling And The Power Of Data

Former R.L. Polk CEO Stephen Polk talks about the sale of the business, his Highgate family office investing platform and his continuing love for data-driven processes....

By Mark Scott