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 […]
Read MoreFriday, 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 […]
Read MoreCharter 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 […]
Read MoreThe 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, […]
Read MoreAfter 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 […]
Read MoreBarcodes, 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 […]
Read MoreNSC 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 […]
Read MoreM&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 […]
Read MoreOffice 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 […]
Read MoreMergers 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. […]
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