NSC Technologies, a shipyard staffing company headquartered in Portsmouth, Virginia, acquired Indiana-based staffing providers Staffing Resources Inc. and ULG LLC. NSC, which is a portfolio company of White Wolf Capital, also announced a recapitalization. Staffing Resources, or SRI, provides light industrial staffing from a network of six branches in Indiana. The company was founded in […]
NSC Technologies buys two Indiana-based staffing firms Read More »
M&A professionals expect the dealmaking market to remain healthy in 2019. That’s one of the conclusions from a panel of executives MiBiz assembled to talk about West Michigan’s mergers and acquisitions sector. Roundtable participants expect to see greater due diligence on deals this year as economic growth eases. They’re also beginning to see more deals
M&A/PE Roundtable: Advisers see strong M&A market ahead Read More »
Office furniture specialist Kimball has signed a definitive agreement to acquire David Edward, the family-owned manufacturer of upholstery and furniture targeting the corporate, health care, education and hospitality markets. “We were inspired by the employees’ commitment to quality and their incredible tailoring skills,” says Kimball president Mike Wagner. “We will further invest in David Edward and build their brand
Kimball Acquires David Edward Read More »
Mergers and acquisition activity remained strong in West Michigan through the third quarter, as many sellers opted to go to market while they can still get a good price for their businesses. Professionals in the M&A industry describe a clear seller’s market in which clients exiting their businesses often receive multiple offers from prospective buyers.
Whether via acquisition or partnership agreements, West Michigan’s office furniture makers are looking to fill product holes with their recent spate of deals. In the span of about six months, Grand Rapids-based Steelcase Inc. (NYSE: SCS) and Zeeland-based Herman Miller Inc. (Nasdaq: MLHR) announced nearly $286 million in acquisitions. The deals signaled to industry watchers
With flurry of deals, office furniture companies seek to fill product gaps Read More »
The organizers behind the new cultivate(MD) Capital Fund GP LLC found backers by appealing to their own global professional networks and investors with whom they had previously done business. The approach led cultivate(MD) to close this month on the first $7.2 million toward a $10 million goal the fund aims to raise in what Managing
For Holland VC, fundraising environment remains ‘pretty healthy’ Read More »
SpendMend LLC, a company that provides spending visibility and audit and recovery services to the health care industry, sold a majority stake to Chicago-based private equity firm Sheridan Capital Partners. The recapitalization and investment from Sheridan Capital, which invested along with SpendMend’s founders and managers, will support the continued growth of the company. Terms of
Chicago PE firm acquires majority stake in Grand Rapids health care auditing company Read More »
M&A activity should remain strong in 2018 and perhaps get a push from federal tax reform. As well, rising interest rates should not pose a barrier to deal flow, although most companies — whether on the buy-side or sell-side — face a key challenge with finding skilled talent. That’s according to a group of M&A advisers
Advisers expect strong deal flow for 2018, despite talent, geopolitical challenges Read More »
Crystal Flash, an employee-owned fuels distribution company, continues its buying spree. The Grand Rapids-based firm said today that it had acquired Knapp Energy Inc. of Kalamazoo, a distributor of gasoline, diesel, home heating and lubricants with more than 900 customers, according to a statement. Crystal Flash expects to retain all of Knapp’s employees in the deal,
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The Grand Rapids-based investment banking firm Charter Capital Partners said yesterday that London-based ACM Group, or Alpha, whose management team works out of Grand Rapids, has agreed to sell technology, intellectual property and customer assets to the London-based gaming company Playtech. Charter Capital Partners assisted Alpha with the transaction. The acquisition includes an up-front payment of
Investment banking firm advises on UK deal Read More »
A local investment banking firm is co-hosting a business planning seminar focused on continuing the success of family businesses across generations. Charter Capital Partners has partnered with BDO and Miller Johnson to host Mapping the Legacy of Your Family Business on July 25 at GVSU’s L. William Siedman Center in Grand Rapids, at 50 Front
Partners produce event on transitioning family businesses Read More »
Charter Capital Partners was recognized today as one of West Michigan’s 2017 Best and Brightest Company to Work For® at an awards ceremony taking place at the JW Marriott in Grand Rapids, Michigan. This award honors companies that display a commitment to innovative human resource practices and employee enrichment. Organizations are assessed based on
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