Charter Capital Partners, a Grand Rapids, Michigan-based investment bank, today announced that its client, Optical Phusion, Inc. (OPI), an industry leader in self-service kiosks, enterprise mobility, and wireless technology solutions, has been acquired by Sole Source Capital LLC, an industrial-focused private equity firm. Sole Source simultaneously acquired Peak-Ryzex and merged the companies, both premier providers […]
Optical Phusion Acquired by Sole Source Capital Read More »
Since launching in July 2019, the Charter Growth Capital Fund has made five investments and raised $31 million to make minority investments in growing, middle-market companies that need growth capital. The investments and activity to date validates John Kerschen’s view that there was an existing market gap and need for a new mezzanine fund in
Charter Capital Partners finds niche with middle-market companies Read More »
New York City-based private equity firm ASGARD Partners & Co. has acquired a controlling interest in Angstrom Technology, a Grand Rapids company that designs, builds and maintains modular cleanrooms for clients in North America. M&A firm Charter Capital Partners in Grand Rapids represented Angstrom Technology in the transaction. Dickinson Wright PLLC served as legal advisor to Angstrom while McGuireWoods LLP in
Private equity firm acquires controlling interest in Grand Rapids cleanroom producer Read More »
The COVID-19 pandemic that slammed the economy this spring could generate more M&A deals in the months ahead. Sales involving distressed companies, asset sales and even liquidations could rise toward the end of the year and into 2021, according to M&A and turnaround professionals. They describe a landscape nearly eight months into the pandemic where
M&A deals for distressed companies expected to pick up in months ahead Read More »
By: Elisa Berger, Vice President, Charter Capital Partners For many business owners, the decision surrounding how and when to exit the business can be complicated and emotional. It is one of the most important life events for any business owner, yet many push planning to the back burner, believing it can be tackled later when
Succession planning – optimizing value through a strategic exit Read More »
By Mike Palm, Director, Charter Capital Partners After more than 10 years of unprecedented economic expansion, the COVID-19 pandemic has brought us to economy zero, impacting both cash reserves and cash flows of many businesses. Despite a likely shift to a more risk-averse credit market, numerous potential financing sources can help businesses through this uncertain
Increasing liquidity through a capital raise Read More »
Charter Capital Partners served as exclusive M&A advisor to Supply Chain Services in its acquisition by Sole Source Capital, an industrial-focused private equity firm providing capital to North American lower-middle market companies. Founded in 2002, Supply Chain Services is a premier provider of automatic identification and data capture (AIDC) and factory automation solutions to customers
Supply Chain Services Acquired by Sole Source Capital Read More »
Friday, February 21, 2020 – MiBiz Charter Capital Partners represented Hancock-based Keweenaw Financial Corp., the parent company of Superior National Bank & Trust, in the $42 million acquisition of North Star Financial Holdings, Inc. and its subsidiary Main Street Bank. The combined bank will have 11 offices in the Upper Peninsula and Southeast Michigan with
Charter Capital advises UP bank in $42 million acquisition Read More »
Charter Capital Partners and Olejniczak Advisors today announced the successful closing of the acquisition of North Star Financial Holdings, Inc. and its subsidiary Main Street Bank by Keweenaw Financial Corp., the parent company of Superior National Bank and Trust. The definitive agreement was announced on September 18, 2019, and the transaction closed on February 4, 2020. North Star
Superior National Bank and Trust Acquires Main Street Bank Read More »
The M&A market ended 2019 in good shape and professionals who work in the field expect dealmaking to remain strong in the new year. A seller’s market should prevail in 2020 as buyers — particularly a growing number of private equity firms investing in the region — pursue the fewer good companies that are selling,
After being part of the JSJ Corp. portfolio of companies for nearly 80 years, metalworking equipment and machine tool maker Dake Corp. has new owners. The company was acquired by CNC machinery and woodworking equipment maker Laguna Tools Inc. of Irvine, Calif. in a deal that closed Nov. 20. For Grand Haven-based JSJ Corp., the sale positions the firm to
JSJ Corp. sells Dake to PE-backed Laguna Tools Read More »
Barcodes, Inc. is proud to announce the recent acquisition of Informs, Inc., an AIDC solutions provider with a strategic focus on consumables and custom labels sales in Holland, MI. The recent merger with Informs Inc., increases Barcodes, Inc. capabilities in consumables and furthers the goal to be the biggest and best solution provider in the industry. Dan Nettesheim, President & CEO of Barcodes, Inc. said, “We
Barcodes Announces Recent Acquisition of Informs, Inc. Read More »