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 […]
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 […]
Coffee Beanery Flushing MI cafe : Coffee shop chain Coffee Beanery has opened a new location in Flushing, Michigan at 4850 Miller Road in Flint. Previously operating in the Genesee Valley Mall, the new location opened to the public in November 2018. The cafe is said to have comfortable seating, a private meeting room, charging […]
Lipari Foods acquisition of Troyer : Lipari Foods, a portfolio company of H.I.G. Capital, has wrapped up its acquisition of Ohio-based Troyer Cheese, Troyer Bros. Trucking and Amish Wedding Foods (collectively called Troyer). Established in 1959, Troyer is a specialty food distributor, manufacturer, and processor based in Millersburg in Ohio. The food company is mainly […]
Banking acquisition news : Chemical Financial, the Michigan-based bank holding company which owns the Chemical Bank has signed an all-stock deal worth $3.6 billion to acquire Minnesota-based TCF Financial, the parent company of TCF Bank. TCF will merge into Chemical Financial, as per the terms of the deal. The enlarged bank holding company and bank […]
Continental acquisition of United Vending : Continental, one of the largest food management companies in Michigan, has acquired United Vending & Market Services (United Vending) for an undisclosed amount. As per the deal, the entire leadership team and staff of United Vending will join the Continental team. United Vending is the fourth acquisition by Continental […]
DTE Energy has broken ground on Blue Water Energy Center, a 1,150MW natural-gas fired power plant in East China Township in St. Clair County in the US state of Michigan. Blue Water Energy Center, which is expected to cost $1 billion, is slated to be commissioned in 2022. Upon its commissioning, the natural-gas fired power […]
Steel industry news : Union Partners, a private equity firm has acquired the Automotive Steel Technical Center from Heidtman Steel in Gibraltar, Michigan for an undisclosed price. The Automotive Steel Technical Center is located near Lee Steel, a portfolio company of Union Partners. Its purchase is expected to consolidate the position of Lee Steel in […]