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September 12, 2019

Three keys to an effective recapitalization strategy

By Mark Scott

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

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.

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.

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.

August 29, 2019

Peninsula Capital's Ty Clutterbuck

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

July 22, 2019

Huron Capital-Backed Sciens Building Solutions Buys Firm

The transaction represents the latest acquisition for Sciens since Huron Capital formed the platform in 2016 to pursue a buy-and-build investment strategy in the fire service and integrated solutions sector.

July 18, 2019

Dave Zilko On Selling Garden Fresh Gourmet

Dave Zilko talks about how the Garden Fresh Gourmet deal got done, the emotional toll that dealmaking can take and the move Campbell’s made earlier this year to sell the business.

July 16, 2019

Chemical, TCF Deal Receives Regulatory Approval

The combined company is expected to have over $46 billion in total assets and be a top 10 bank in the Midwest based on deposit market share.

July 9, 2019

Don Nystrom On Dealmaking Pitfalls

Don Nystrom, CEO of Dynamic Aerospace and Defense, shares his insights into the common mistakes to avoid in the dealmaking process.

July 1, 2019

Fisher Building Owners Close On $36M Refi Loan

The deal provides New York-based HFZ Capital and The Platform, a private development firm in Detroit, with money to knock out prior debt on the building, according to a statement on the UC Funds website, clearing the way for preservation work.

July 1, 2019

Huron Capital Leverages Growing Number Of Independent Sponsors

Independent sponsors are a growing part of the M&A landscape, and Detroit’s Huron Capitalis taking advantage of the deal opportunities they provide, says Gretchen Perkins, business development partner.

June 27, 2019

Be Sure You Can Manage Your Capital Before You Take It

Competition is strong among financial institutions engaged in M&A activity, which creates risk for companies looking to make a deal, says says Richard C. Hampson, state president and head of commercial banking at Citizens Bank, Michigan.

June 26, 2019

StockX Attains Unicorn Status After Record Michigan VC Raise

The company also hired eBay executive Scott Cutler as its new CEO, succeeding co-founder Josh Luber, who will continue to serve on the executive leadership team and board.

June 24, 2019

Gores Forms JV To Redevelop Palace Of Auburn Hills Land

Schostak Brothers will serve as the lead partner and manage the future mixed-use development, which is expected to include corporate office, research & development and technology companies. The Palace was the home of Detroit’s NBA franchise from 1988 to 2017.

June 20, 2019

James Tolston’s handshake deal pays off big

How the Detroit entrepreneur took a handshake deal to build North American Assemblies and then buy it from 14 stockholders — 13 of whom didn't want to sell.

June 19, 2019

Capital One buys Detroit online luxury retailer Jewel

The bank holding company says the acquisition of the online luxury retailer will add to its efforts to develop tools that help customers make smarter financial decisions.

June 13, 2019

Bain Sells Impact Fitness to Morgan Stanley Capital Partners

Impact Fitness operates 29 Planet Fitness clubs across Michigan, Indiana, British Columbia and Ontario. It was founded by Chris Klebba in 2006 with the opening of the first Planet Fitness club in the Greater Detroit market.

June 13, 2019

Woodward Angels Ready To Spark Entrepreneurial Growth

Lauren Hoffman of Woodward Angels and Tim Parker of Grand Angels talk about their effort to make connections and spark more early-stage entrepreneurial growth in Southeast Michigan.

June 12, 2019

Spring Labs Raises $23M in Series A Funding for Auto Loan Blockchain Work

The round was led by GreatPoint Ventures out of San Francisco with significant participation from existing investors, including August Capital, as well as GM Ventures, the corporate venture capital arm of Detroit’s General Motors.

June 7, 2019

Trevco Acquires California Print-on-demand Company

Trevco works with licensors such as Warner Bros., Hasbro and Paramount Pictures to manufacture consumer products and create digital e-commerce campaigns.

June 6, 2019

Arsenal’s Maria Thompson: Investors Want Businesses That Solve Problems

Investors aren’t looking for unique business opportunities, says Arsenal venture partner Maria Thompson. They want business models that solve problems, preferably big ones.

May 30, 2019

RSM'S Mike Dingwall: Why You Need Professional Sell-Side Due Diligence

RSM's Mike Dingwall discusses sell-side strategies that can set you up for positive outcome in the sale of your business.

May 29, 2019

Super C Group buys 190 salons from Regis

The salons being sold and refranchised are currently branded as Famous Hair, Best Cuts, Fiesta Salons, First Choice Haircutters and BoRics Hair Care. They will be converted to Supercuts and Cost Cutters over the next several months.

May 24, 2019

Gilbert completes sale of Greektown Casino for $1B

VICI Properties bought the land and real estate assets of the property for about $700 million, while Penn National Gaming bought the operating assets for about $300 million.

May 23, 2019

A good M&A strategy starts with a compelling story

M&A advisor Joseph Valentic explains why a good M&A strategy starts with a good story, but also needs a solid team and attention to detail.

May 22, 2019

NASCAR Buying ISC, Michigan International Speedway In $2B Deal

Acquisition will give the auto racing sanctioning and operating company control of more than a dozen raceways, including Michigan International Speedway.

May 20, 2019

Clinc raises $52 million Series B round to scale AI platform

Ann Arbor, Mich.-based Clinc, which is developing a conversational AI platform, has raised a $52 million Series B, with investments from Drive Capital, Insight Partners, DFJ Growth, Hyde Park Venture

May 20, 2019

Huron-backed Pueblo Makes Fourth Add-On Acquisition

Huron Capital acquired Pueblo in December 2017 to pursue a buy-and-build strategy in the commercial HVAC market in the southwestern U.S.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

March 22, 2019

M&A due diligence: 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.

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.

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.

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.

March 12, 2019

Huron-backed Ronnoco Coffee gulps down add-on

Huron Capital’s platform company Ronnoco Coffee has acquired Beverage Solutions Group, expanding its national footprint from 35 to 43 states and provides additional distributor relationships.The deal

March 11, 2019

Aspire dealmakers conference coming to Detroit April 11

The Aspire middle-market dealmakers conference will be at the Westin Book Cadillac on April 11. This conference features an all-star lineup of entrepreneurs, investors and adviser.

March 8, 2019

Atlas Oil founder Sam Simon: How to maximize your deals

The master dealmaker talks about his humble beginnings, his approach to investment opportunities and the importance of being a disciplined dealmaker.

March 6, 2019

Gilbert part of Detroit's first angel investor group

Membership in Woodward Angels requires a minimum investment of $25,000 per calendar year in Detroit-area startups.

March 6, 2019

Cancer support organizations merge

Two cancer support organizations, Gilda’s Club Metro Detroit and The Lake House, are merging to continue, broaden and strengthen support for families facing cancer throughout metro Detroit.The Lake

March 5, 2019

RHP pays $170M for 17 manufactured home sites

Farmington Hills-based RHP Properties, an owner and operator of manufactured home communities, has acquired 17 communities in five states.The $170 million acquisition includes 3,177 sites in five

March 1, 2019

Forward-thinking investors are monetizing the movement of people, products

As self-driving cars become a force on American roadways, Blue Victor Capital's Sherwin Prior is already looking ahead at new ways to leverage autonomous vehicle technology.

March 1, 2019

Masco may shed cabinetry and window businesses

The units account for 20 percent of the company's sales and 10 percent of operating profit.

March 1, 2019

Diversified to buy 9 Chicago-area Buffalo Wild Wings

The units being acquired generated $32.7 million in revenue and $4.5 million of EBITDA in 2018,

February 26, 2019

Campbell's selling Garden Fresh, but not to Aronson

Campbell Soup says it will sell the Ferndale-Based salsa maker to an affiliate of Fountain of Health USA, a maker of hummus, dips, salads and other products.

February 25, 2019

Lineage Logistics buying rival for a reported $1B+

The deal to buy Preferred Freezer Services unites two of the industry's largest companies.