Recent Transactions
University Bancorp, Inc. has Issued $5.0 Million in 6% Convertible Preferred Stock Through a Private Placement Offering
University Bancorp, Inc. has Issued $5.0 Million in 6% Convertible Preferred Stock Through a Private Placement Offering THE TRANSACTION On December 21, 2018, University Bancorp, Inc. (OTCQB: UNIB) (the “Company”) announced that it has issued to a company controlled by Robert Kauffman, a co-founder of Fortress Investment Group, $5 million of a newly created series…
Read MoreSpartan Motors has Acquired Strobes-R-Us, Inc.
Spartan Motors has Acquired Strobes-R-Us, Inc. THE TRANSACTION On December 17, 2018, Spartan Motors (NASDAQ: SPAR), a global leader in specialty chassis and vehicle design, manufacturing, and assembly, acquired Strobes-R-Us, Inc., a Florida-based, premier provider of upfit services for law enforcement, governmental and commercial fleets, and specialty service vehicles. The acquisition will enable Spartan Motors…
Read MoreFentura Financial Inc. has Completed a $21.6 Million Common Stock Offering
Fentura Financial Inc. has Completed a $21.6 Million Common Stock Offering THE TRANSACTION On November 26, 2018, Fentura Financial, Inc. (OTCQX:FETM) (“Fentura”), the holding company for The State Bank, announced that it has completed the final closing of the issuance of 980,828 shares at $22.00 per share for a total of $21.6 million to accredited…
Read MoreAthens Bancorp, Inc. and NBP Financial Services, Inc. Have Merged
Athens Bancorp, Inc. and NBP Financial Services, Inc. Have Merged THE TRANSACTION On November 1, 2018, Athens Bancorp, Inc., parent of Athens State Bank (collectively, “Athens”) and NBP Financial Services, Inc., parent of National Bank of Petersburg (collectively, “NBP”) completed their previously announced merger. On May 16, 2018 Athens entered into an Agreement and Plan…
Read MoreSkyway Precision has acquired the assets of Bellwright Manufacturing
Skyway Precision has acquired the assets of Bellwright Manufacturing THE TRANSACTION In October 2018, Skyway Precision Inc. (“Skyway”) acquired the assets of Bellwright Manufacturing LLC (“Bellwright”). The transaction expands Skyway’s customer base and geographic footprint, while leveraging Skyway’s product and manufacturing expertise. Bellwright provides Skyway with a strong management team and workforce upon which to…
Read MoreCooper Standard Agrees to Acquire Lauren Manufacturing & Lauren Plastics
Cooper Standard Agrees to Acquire Lauren Manufacturing & Lauren Plastics THE TRANSACTION On July 3, 2018, Cooper Standard (NYSE:CPS), a leading global supplier of systems and components for the automotive industry, agreed to acquire Lauren Manufacturing and Lauren Plastics. The transaction expands the markets served by Cooper Standard’s Industrial and Specialty Group (ISG), which is…
Read MoreMackinac Financial Corporation has Completed a $34.5 Million Common Stock Offering
Mackinac Financial Corporation has Completed a $34.5 Million Common Stock Offering THE TRANSACTION On June 15, 2018 Mackinac Financial Corporation (NASDAQ: MFNC) (“Mackinac”), the holding company of mBank, announced the closing of its public offering of an aggregate of 2,225,807 shares of Mackinac’s common stock at a price to the public of $15.50 per share.…
Read MoreAlex Products has been Acquired by North American Stamping Group
Alex Products has been Acquired by North American Stamping Group THE TRANSACTION In May 2018, Alex Products, a leading supplier of complex, welded assemblies used in seating related applications for the automotive market, was acquired by North American Stamping Group (“NASG”). Alex Products has more than 30 years of experience as a leader in safety…
Read MoreAmerican Axle has sold its Cloyes aftermarket division to Hidden Harbor Capital Partners
American Axle has sold its Cloyes aftermarket division to Hidden Harbor Capital Partners THE TRANSACTION In April 2018, American Axle & Manufacturing Holdings, Inc. (NYSE:AXL “AAM”) divested the aftermarket division (“Cloyes”) of its subsidiary Cloyes Gear & Products, Inc. to Hidden Harbor Capital Partners (“Hidden Harbor”). Cloyes is a global leader in the design, development,…
Read MoreLake Michigan Credit Union has acquired Ovation Holdings, Inc., parent of Encore Bank
Lake Michigan Credit Union has acquired Ovation Holdings, Inc., parent of Encore Bank THE TRANSACTION On August 7, 2017, the Boards of Directors of Lake Michigan Credit Union (“LMCU”) and Ovation Holdings, Inc. (“Ovation”), the parent of Encore Bank, announced the execution of a definitive agreement by which LMCU will acquire Ovation. On April 20,…
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