John Kerschen

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 »

A locally based private equity fund invested in its fifth portfolio company. Charter Growth Capital Fund (CGCF), a fund managed by the principals of Grand Rapids-based Charter Capital Partners, said last week that it invested in Premier Engineered Products (PEP). CGCF provided mezzanine debt in support of the recapitalization. Birmingham-based Colfax Creek is the lead investor in the …

Charter Growth Capital Fund invests in Premier Engineered Products Read More »

Charter Growth Capital Fund co-invested along with Birmingham-based lead investor Colfax Creek Capital LLC in Traverse City Products LLC. The deal, which closed March 10, also included mezzanine debt from Grand Rapids-based Charter Growth Capital, according to a statement. Metal forming manufacturer Traverse City Products is a supplier of roll-formed and stamped metal products that …

Charter Growth Capital Fund invests in Traverse City Products 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 »

A Grand Rapids mezzanine fund’s investment will enable Keystone Solutions Group to maintain its strong growth trajectory in the years ahead. Charter Growth Capital Fund, formed this past summer by Grand Rapids-based Charter Capital Partners, made its first deal this month with an investment in Kalamazoo-based Keystone Solutions Group. The funding will go toward supporting further growth, including …

Keystone Solutions eyes continued growth with Charter Growth Capital investment Read More »

Charter Growth Capital Fund, a mezzanine fund formed this past summer by Grand Rapids-based Charter Capital Partners, made its first deal with an investment in Keystone Solutions Group. Keystone President Jim Medsker expects the strong growth the company has recorded over the last few years will continue. The investment from Charter Growth Capital Fund recapitalized Keystone and …

Charter Growth Capital mezz fund invests in Keystone Solutions Read More »

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 »

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