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Huron Capital Portfolio Companies Acquired for $70M by New Jersey Food Manufacturer

Detroit-based Huron Capital Partner’s portfolio companies Victoria Fine Foods Holding Co. and Victoria Fine Foods have been acquired for $70 million in cash by New Jersey-based B and G Foods, Inc., which manufactures, sells, and distributes branded shelf-stable and frozen foods. The deal is subject to a customary working capital adjustment.

Detroit’s Cobo Center Completes $2M Wireless Technology Upgrade

Cobo Center in downtown Detroit has completed a $2 million technology upgrade, which facility officials say will allow 32,000 users to simultaneously access its Wi-Fi network.

Ford Toughest Tailgate Tour to Visit Detroit This Week

As part of its recently established three-year partnership with the National Football League, Dearborn-based Ford Motor Co.’s Built Ford Tough Toughest Tailgate — an on-demand, nine-city tailgating tour — will visit Detroit this week.

OPS Solutions Moves to New Augmented Reality Technology Facility in Wixom

Novi-based OPS Solutions has moved to a new, custom-built facility in Wixom that will focus on the company’s augmented reality technology Light Guide Systems, which is primarily used for manufacturing in the auto and medical industries.

Birmingham’s Belfor Property Restoration Expands Texas Presence

In an effort to expand its footprint in Texas, Birmingham-based Belfor Property Restoration has acquired First Call Restoration in San Antonio. Terms of the November deal were not disclosed.

Grand Rapids Building Company Acquired by New York Firm, Renamed

Blue Wolf Capital Partners, a New York-based private equity firm, today announced that Blue Wolf Capital Fund III L.P., through an affiliate, has acquired New Zealand-based Tenon Holdings’ shares in NACS USA Inc., the Grand Rapids-based holding company for Tenon’s North American operating business. Terms of the deal were not disclosed.

Southfield’s Lear Corp. Launches New Design Studio

In an effort to offer differentiated seating designs, Lear Corp., a Southfield-based global supplier of automotive seating and electrical systems, has introduced a new design studio product service called Crafted by Lear.

Detroit-based Huron Capital's XLerate Group Acquires Lone Star Auto Auction in Texas

XLerate Group, a nationwide auction and remarketing facilitation provider and a portfolio company of Detroit-based Huron Capital Partners, has acquired Lubbock, Texas-based Lone Star Auto Auction. Terms of the deal, which marks the fourth add-on acquisition for XLerate in partnership with Huron Capital, were not disclosed.

Lansing-based Neogen Acquires Chemical Company in England

Neogen Corp., a Lansing-based developer of food and animal safety products, has acquired Quat-Chem Ltd., a Rochdale, England-based chemical company. Terms of the deal were not disclosed.

Priority Health Launches Diabetes Prevention and Management Service

Grand Rapids-based healthcare plan provider Priority Health has launched a new participation and outcomes-based service called PriorityCares, which aims to help employers improve the health of employees diagnosed with pre-diabetes or diabetes.

Wealth Strategies Financial Group Opens in Southfield

Wealth Strategies Financial Group, a new independently owned and operated financial services firm, has opened its first office in Southfield.

Minnesota Metrology Company Opens New Facility in Wixom

Minnesota-based Zeiss Industrial Metrology has opened a new Car Body and Automation Center in Wixom.

Detroit’s Rockbridge Growth Equity Announces Sale of Purchasing Power to Flexpoint Ford

Detroit-based private equity firm Rockbridge Growth Equity today announced the sale of Atlanta-based Purchasing Power, a specialty e-retailer that offers a voluntary benefit to companies and membership organizations across the country. Flexpoint Ford, a private equity firm focused on the financial services and healthcare sectors, acquired the company. Terms of the deal were not disclosed.

Penske Automotive to Acquire Specialty Used Vehicle Retailer

Bloomfield Township-based Penske Automotive Group, an international transportation services provider, has signed an agreement to acquire CarSense, a stand-alone specialty retailer of used vehicles in the United States. Terms of the deal, which is expected to generate estimated annual revenue of $350 million, were not disclosed.

Michigan State Lab Receives $122.5M National Science Foundation Grant

A cooperative agreement between Michigan State University and the National Science Foundation will result in up to $122.5 million in continued funding over five years for the school’s National Superconducting Cyclotron Laboratory.
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Compendium News Links More »

The Outside Media Opine on the Motor City

Let Syrians Settle Detroit

Source: The New York Times

Larry Page Looks Ahead

Source: Fortune

Detroit Homes Still Selling for $1

Source: The Daily Caller News Foundation

You Can Sell a Lot of Cars with a Tent

Source: Bloomberg Businessweek

The Death and Life of Detroit

Source: The American Prospect

Women in a Man’s World

Source: The Wall Street Journal

Obama Pushes False GM Success Story

Source: Investors Business Daily

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

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