Latest Posts Under: Michigan

AHIP to acquire dozen Premium Branded hotels for $191 million

American Hotel Income Properties REIT (AHIP) has agreed to acquire a portfolio of a dozen Premium Branded hotels for $191 million in a move to boost its geographic footprint in Texas and the Midwest. The 12 hotels have a total of 1,203 guestrooms and are located across the states of Minneapolis, Texas, Michigan, Pennsylvania, and […]

ACProducts to acquire US cabinet manufacturer Masco Cabinetry for $1bn

ACProducts (acpi) has agreed to acquire Masco Cabinetry from Masco Corporation, a Michigan-based manufacturer of branded home improvement and building products, for $1.0 billion. Headquartered in Ann Arbor, Masco Cabinetry is engaged in the manufacturing and sales of semi-custom, stock and value-priced assembled cabinetry for storage, kitchen, bath, home office and home entertainment applications in […]

Arthur J. Gallagher to acquire LSG Insurance Partners

Gallagher acquisition of LSG Insurance Partners : Global insurance brokerage firm Arthur J. Gallagher & Co. (Gallagher) has agreed to acquire Michigan-based LSG Insurance Partners for an undisclosed price, as per the latest insurance acquisition news. Established in 1968, LSG Insurance Partners is an insurance, risk management and consulting services agency in Bloomfield Hills. LSG […]

Cox Automotive invests $350m in US electric vehicle manufacturer Rivian

Cox Automotive investment in Rivian : US electric vehicle manufacturer Rivian has secured an equity investment of $350 million from automotive services company Cox Automotive, an Atlanta-based business unit of Cox Enterprises. Founded in 2009, Rivian is engaged in developing vehicles, products, and services for sustainable transportation. The US automaker and automotive technology company, which […]

BJ’s Wholesale Club to open two new clubs and gas locations

BJ’s Wholesale Club, a US membership-only warehouse club chain, will open two new clubs and BJ’s Gas locations in Pensacola, Florida, and Chesterfield, Michigan early next year, bringing approximately 280 jobs to the market. Two new clubs and BJ’s Gas locations mark expansion for the company and are expected to fetch families savings when compared […]

Horizon Global to offload APAC towing and trailering equipment business

US-based Horizon Global, a manufacturer of towing and trailering equipment, has agreed to divest its Asia-Pacific (APAC) business segment to Pacific Equity Partners for AUD 340 million in cash. Horizon Global plans to use the cash from the sale of the towing and trailering equipment business in APAC to bring down its debt significantly and […]

Chemical Financial TCF merger wrapped up

The previously announced $3.6bn all-stock Chemical Financial TCF merger has been wrapped up following receipt of required regulatory approvals, as per the latest banking acquisition news. As per the terms of the transaction (Chemical Financial acquisition of TCF), TCF Financial merged into Chemical Financial with the latter being the surviving company. Following the closing of […]

Continental acquires vending machine supplier Northern Vending Company

Michigan-based food management company Continental has acquired vending machine supplier Northern Vending Company for an undisclosed price. Northern Vending Company, which was established in 1999, is located in Ann Arbor, Michigan. Following its acquisition, its complete staff will join the Continental team. Northern Vending Company will expand the client base of Continental with a roster […]

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