Patrick Kennedy
Reporter at The Minnesota Star Tribune
Patrick Kennedy follows nonprofits, public companies, and CEO compensation for the Star Tribune
Articles
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2 days ago |
startribune.com | Patrick Kennedy
A $200 million acquisition by a Minneapolis-based company will likely help mergers and acquisitions for other firms as activity rebounds. The move is part of a $500 million investment by the largest shareholder of the technology company, Datasite. Concerns over tariffs and the overall economic uncertainty this year has put a damper on M&A deal activity. Economists had been bullish about M&A this year as President Donald Trump took office.
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5 days ago |
startribune.com | Patrick Kennedy
By Patrick Kennedy After a sales surge during the pandemic, manufacturers like Minnesota-based Polaris and its dealers are eager to shed excess inventory, which means affordable prices for prospective buyers. The Minnesota Star Tribune "The pandemic was a once-in-a-lifetime event which has caused once-in-a-lifetime opportunity for powersports purchases," says David Glassman, president of Tousley Motorsports & Marine.
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1 week ago |
startribune.com | Patrick Kennedy
Dan Bernstein, left, a senior mechanic, and Tyler Crandall, a technician, work on an endurance test on an electric drive motor for an X4 ROVR at Tennant Innovation Center. (Alex Kormann/The Minnesota Star Tribune) "We are beginning to draw and explore in virtual reality," Ickes said.
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2 weeks ago |
startribune.com | Patrick Kennedy
Jefferson Capital could be Minnesota's next public company after filing an initial public stock offering to raise $100 million. The St. Louis Park-based company says, as the third largest debt buyer and servicer in North America, it had increased revenue 55% in 2024 to $154.9 million. Profits were $68.1 million, up 126%. If successful, it would be the state's second major IPO in less than a year. The number or price of shares to be offered has not been determined.
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2 weeks ago |
startribune.com | Patrick Kennedy
With sales stagnant and its stock price stumbling, contract manufacturer Proto Labs has made a change at the top. The Maple Plain-based company named Suresh Krishna, most recently chief executive of Burnsville-based Northern Tool + Equipment, to lead the company as president and CEO. He also will join the public company's board. He succeeds Rob Bodor, who is departing the company. Bodor, CEO since March 2021, will briefly serve as a consultant to ensure a smooth transition.
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A must read. Neal St. Anthony's final column as he heads to a well deserved retirement. Thank you Neal. https://t.co/PZIrVSG1NU
RT @nicolenorfleet: Read about our awesome Star Tribune photographers as they discuss hitting the streets in the time of COVID-19 https://t…
Good read from @StAnthonyStrib on life and legacy of former Toro CEO: Ken Melrose, the 'servant leader' at Toro for 22 years, dies at 79 https://t.co/7IKg3bxIA4