January 22, 2020
January 5, 2020
Penske Corp. becomes just the fourth owner in the history of the famed Indianapolis Motor Speedway, which has hosted the world's largest single-day sporting event — the Indianapolis 500 Mile Race — for more than 100 years.
December 19, 2019Local Deals Detroit
December 5, 2019
General Motors and LG Chem have announced plans to mass-produce battery cells for future battery-electric vehicles. Together, the companies will invest up to $2.3 billion through a new, equally owned joint venture company.
October 30, 2019
Domino's had global retail sales of over $13.5 billion in 2018, with nearly $6.6 billion in the U.S. and more than $6.9 billion internationally.
October 17, 2019
Piston Automotive, a subsidiary of the Piston Group formed by Detroit businessman and NBA legend Vinnie Johnson, has acquired Ohio-based Marion Industries, a Tier 1 assembler of brake modules for Honda of America. The deal expands Piston Automotive’s footprint into the Central Ohio region and further diversifies the company’s growing list of OEM customers.
September 30, 2019
AGG's Autokiniton US Holdings, Inc. subsidiary paid $31 a share in cash, or about $900 million after accounting for debt and pension liabilities. The deal was announced in July.
September 19, 2019Local Deals Detroit
September 19, 2019
Starfield Hanam is the largest Western-style shopping center in South Korea at nearly 1.7 million square feet.
September 18, 2019
American Axle & Manufacturing Holdings will sell the U.S. operations in the U.S. to funds managed by Gamut for $245 million.
September 10, 2019Local Deals Detroit
September 2, 2019
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 13, 2019
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
Janesville produces high-performance engineered acoustical and thermal fiber solutions for a variety of automotive applications
July 30, 2019
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 29, 2019
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 24, 2019
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 22, 2019
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 1, 2019
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.
June 26, 2019
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
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 19, 2019
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
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 12, 2019
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 works with licensors such as Warner Bros., Hasbro and Paramount Pictures to manufacture consumer products and create digital e-commerce campaigns.
May 29, 2019
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
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 22, 2019
Acquisition will give the auto racing sanctioning and operating company control of more than a dozen raceways, including Michigan International Speedway.
May 20, 2019
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 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 Mobility Grants also provide aid to mobility startups and corporations to test, validate and prove out new technologies on Michigan roadways
May 7, 2019
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
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 1, 2019
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
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
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 5, 2019
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 1, 2019
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.
March 26, 2019
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 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 20, 2019
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, Michigan’s largest food management company, has acquired Canton-based Sterling Services, creating Michigan’s largest founder-owned contract dining management company.
March 1, 2019
The units being acquired generated $32.7 million in revenue and $4.5 million of EBITDA in 2018,
February 26, 2019
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
The deal to buy Preferred Freezer Services unites two of the industry's largest companies.