Joe Boomgaard
Editor at Crain’s Grand Rapids Business
Too busy to fish as often as I’d like. Editor of @CrainsGR. Formerly: @mibiz, @tribalbiz, @LudingtonDN
Articles
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1 week ago |
crainsgrandrapids.com | Joe Boomgaard
Grand Rapids-based Meekhof Tire Sales & Service Inc. has sold to another large family-owned commercial tire dealership. The sale to Durand, Wis.-based Bauer Built Inc. closed June 8. Terms of the deal were not disclosed. Meekhof Tire, founded in 1971 by the late Calvin Meekhof, operates 14 retail and commercial locations in Michigan and Illinois, plus Michelin and Oliver retread manufacturing facilities. The company serves the agricultural, commercial and retail tire markets.
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1 month ago |
crainsgrandrapids.com | Joe Boomgaard |Mark Sanchez
Grand Rapids-based insurance brokerage and fintech Acrisure LLC has secured commitments for a $2.1 billion capital raise that it will use for refinancing, strategic M&A and the acceleration of its financial services platform. The latest raise, which included new convertible senior preferred stock, was led by Bain Capital and valued Acrisure at $32 billion, a 39.1% premium compared to three years ago when the company completed its most recent equity raise.
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2 months ago |
crainsgrandrapids.com | Joe Boomgaard
A group led by Bain Capital’s special-situations arm is in talks to invest as much as $2 billion in insurance broker Acrisure, according to people with knowledge of the matter. The new investment is set to take the form of preferred equity, said the people, who asked not to be identified discussing confidential information.
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2 months ago |
crainsgrandrapids.com | Joe Boomgaard
Food and animal safety products manufacturer Neogen Corp. has inked a deal to divest its global cleaners and disinfectants business for $130 million in cash. Lansing-based Neogen expects the sale of the business to Dinard, France-based Kersia Group to close in the first quarter of Neogen’s 2026 fiscal year, which begins on Oct. 1, pending regulatory approvals and closing conditions. The cash sale also includes a contingent consideration based on the future performance of the business.
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2 months ago |
crainsdetroit.com | Michael Lee |Joe Boomgaard
Stock prices for metro Detroit's publicly traded companies fell Thursday, erasing billions in paper value a day after President Donald Trump imposed sweeping tariffs on the United States’ global trading partners. All but three local public companies saw stock declines. The only gainers were DTE Energy Co. and CMS Energy Co., utilities that are a traditional "flight to safety" stock pick. The other was manufactured-home park operator Sun Communities Inc.
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Well, I’ll be damned. Sometimes you do get what you ask for. https://t.co/Be2K8NER5h
Cool. Now let’s bring back the iconic blue and white plate, too. https://t.co/J04hYSIG7j
BREAKING: Two former managers are suing WOOD-TV8’s parent company after they were fired last year in the aftermath of a publicly leaked memo asking reporters to scale back the station’s Pride Month coverage. https://t.co/gXtUyzJrq0
Big changes coming to the west side. Enjoy this SIZZLING™ scoop from @CrainsGR. https://t.co/buQMHx0MgO
