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
