Recent Transactions
Substantially All of the Assets of W Industries have been acquired by Tower International
Substantially All of the Assets of W Industries have been acquired by Tower International THE TRANSACTION In April 2011, a subsidiary of Tower International acquired substantially all of the assets of W Industries. The Transaction was consistent with Tower International’s strategy to expand into the defense, aerospace, and industrial markets. Our Client W INDUSTRIES, INC.…
Read MoreFentura Financial, Inc. has sold its subsidiary West Michigan Community Bank to investors affiliated with Northstar Financial Group, Inc.
Fentura Financial, Inc. has sold its subsidiary West Michigan Community Bank to investors affiliated with Northstar Financial Group, Inc. THE TRANSACTION Fentura Financial, Inc. (“Fentura”), based in Fenton, Michigan, completed the sale of West Michigan Community Bank (“West Michigan”) to a group of investors affiliated with Northstar Financial Group, Inc. (“Northstar”) on January 31, 2011. …
Read MoreDelaware Machinery has been acquired by Delaware Dynamics, an affiliate of Dan T. Moore Company
Delaware Machinery has been acquired by Delaware Dynamics, an affiliate of Dan T. Moore Company THE TRANSACTION In February 2010, Delaware Machinery entered a general receivership established by the Delaware County Circuit Court in the State of Indiana. Following a substantive marketing process, the receiver executed an asset purchase agreement on November 5, 2010 with…
Read MoreLevel One Bank, a subsidiary of Level One Bancorp Inc., has entered into a purchase and assumption agreement with the FDIC and assumed all of the deposits and purchased essentially all of the assets of Paramount Bank
Level One Bank, a subsidiary of Level One Bancorp Inc., has entered into a purchase and assumption agreement with the FDIC and assumed all of the deposits and purchased essentially all of the assets of Paramount Bank THE TRANSACTION The Michigan Office of Financial and Insurance Regulation seized Farmington Hills, Michigan-based Paramount Bank, a unit…
Read MoreSpartan Motors has sold the assets of Road Rescue to Allied Specialty Vehicles, a portfolio company of American Industrial Partners
Spartan Motors has sold the assets of Road Rescue to Allied Specialty Vehicles, a portfolio company of American Industrial Partners THE TRANSACTION On September 20th, 2010, Spartan Motors sold the assets of Road Rescue to Allied Specialty Vehicles, a portfolio company of AIP. DPP initiated the Transaction and acted as financial advisor to support Spartan…
Read MoreLevel One Bancorp, Inc. has Completed a $13.2 Million Capital Raise Transaction
Level One Bancorp, Inc. has Completed a $13.2 Million Capital Raise Transaction THE TRANSACTION DPP acted as exclusive sales agent for Level One Bancorp, Inc. (“Level One”) in raising $13.1 million in equity capital. DPP complemented Level One’s strong insider and retail interest with a focused solicitation to the institutional market and was able to…
Read MoreO.A.K. Financial Corporation has been acquired by Chemical Financial Corporation
O.A.K. Financial Corporation has been acquired by Chemical Financial Corporation THE TRANSACTION On April 30, 2010, Chemical Financial Corporation (NASDAQ:CHFC) (“Chemical”) completed its previously announced acquisition of O.A.K. Financial Corporation (OTCBB:OKFC) (“OAK”). Subsequent to the closing, Chemical has $5.1 billion in assets, $3.6 billion in loans and $4.2 billion in deposits in 144 banking offices across…
Read MoreSpartan Motors completed the acquisition of Utilimaster Corporation
Spartan Motors completed the acquisition of Utilimaster Corporation THE TRANSACTION Spartan Motors has acquired Utilimaster Corporation from John Hancock Life Insurance Company, a unit of Manulife Financial Corporation, a leading Canadian-based financial services group, in an all-cash transaction valued at approximately $43 million. Under the terms of the purchase agreement, Spartan Motors will pay $50…
Read MoreDaimler Trucks North America has sold the business and assets of Tampa Truck Center to an affiliate of Bayshore Ford Truck Sales, Inc.
Daimler Trucks North America has sold the business and assets of Tampa Truck Center to an affiliate of Bayshore Ford Truck Sales, Inc. THE TRANSACTION DTNA sold the business and assets of Tampa Truck Center to an affiliate of Bayshore. DPP assisted in the negotiations and acted as financial advisor to DTNA in this transaction.…
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