Detroit’s Huron Capital, a lower-to-middle-market private equity firm, Tuesday announced its aftermarket car accessories and restoration parts platform, Drake Automotive Group, has acquired Riverside, California-based DV8 Offroad, a designer and distributor of off-road accessories and wheels.
McLaren Automotive, a British luxury sports cars and supercars company, has announced a new retailer in Troy. McLaren Troy is the first and only retailer in the region to provide McLaren sales and service operations and the latest addition to The Suburban Collection of dealerships at the Troy Motor Mall.
P&M Corporate Finance in Southfield today announced it has combined with Denver, Colorado’s EKS&H Capital Advisors. Both companies are middle-market investment banking firms. Terms of the transaction were not disclosed.
Grand Rapids-based Burke Porter Group (BPG), a global supplier of intelligent testing, instrumentation, and assembly systems and solutions, announced Tuesday a capital investment in California-based Grabit Inc., an intelligent automation systems provider to the soft goods manufacturing and warehouse logistics industries. Terms of the agreement were not disclosed.
ExperienceIT, a nonprofit partnership of leading downtown Detroit technology companies, has announced that its fall 2018 cohort will kick off on Sept. 13. The 10-week program provides free IT training for active job openings in software development and quality assurance.
Researchers at Detroit-based Wayne State University are working to give clinicians tools for identifying early signs of Alzheimer’s by studying subtle deviations in the way the brain modulates its chemistry during the formation of new memories.
Citing the fourth transformative development in the company’s 115-year-old existence, Bill Ford, executive chairman of Ford Motor Co. in Dearborn, today announced that the automaker’s renovation of the historic Michigan Central Depot and surrounding property in Detroit’s Corktown district would make it the global leader in mobility and innovation.
Macprofessionals Inc. in Farmington Hills has been acquired by New Jersey technology company Konica Minolta Business Solutions U.S.A. Inc. The Macprofessionals team will become a strategic entity of All Covered, the IT services division of Konica Minolta. Terms of the transaction were not disclosed.
Dealer Solutions North America, a Canadian company that specializes in advising on and providing strategies for buying and selling automotive dealerships, Monday announced its expansion into the U.S. with the opening of an office in Grosse Pointe. As the company grows, the team is looking to move to Detroit.
Automation Alley, a technology and manufacturing business association in Troy, Monday announced the total amount of export sales made by Michigan companies as a result of participation in its trade mission program and other trade-related activities has reached $1 billion.
As part of a planned succession transition, the board of directors of PVS Chemicals in Detroit voted to make two leadership changes. Effective July 1, Jim M. Nicholson will move from president and CEO to co-chairman of the board. He will serve alongside James B. Nicholson, who will continue his role as co-chair. David A. Nicholson will take on the role of president and CEO after serving as group CEO for PVS manufacturing assets.
The median sales price for homes sold in metro Detroit rose 8.2 percent to $215,975 in May, as compared to $203,213 in April and $199,588 in May 2017, according to a report released today by Re/Max of Southeastern Michigan in Troy.
Fiat Chrysler Automobiles in Auburn Hills Friday debuted its 2019 Dodge Durango Pursuit for public safety officials. The vehicle has improved brake performance and durability, as well as performance-tuned, load-leveling suspension.
Detroiter Wendy Hilliard was the first African-American rhythmic gymnast to compete as a member of the U.S. national team. Now her foundation is providing free and low-cost gymnastics training in Detroit.