Rockbridge Growth Equity, a Detroit‐based private equity firm, has completed a $355-million transaction in which a consortium of blue‐chip institutional investors agreed to acquire an interest in four Rockbridge companies as well as seed new platform investments.
Michigan State University in East Lansing completed its Empower Extraordinary fundraising campaign on Dec. 31. The effort, which was launched in October 2014, generated more than $1.8 billion ($1,834,145,673).
Ford Motor Co. in Dearborn plans to invest $1 billion in its Chicago Assembly and Stamping plants, adding 500 jobs as it prepares to launch the Ford Explorer, Lincoln Aviator, and Police Interceptor SUVs.
The Industrial Internet of Things is quickly gaining popularity among manufacturers, with a third planning to leverage connected devices, sensors, and machinery within the next five years, according to the results of the fourth annual State of Manufacturing Technology survey conducted by Plex Systems, a Troy-based provider of cloud-based manufacturing services.
GMC says its 2020 Acadia, which will be available in dealerships this fall and is being built at General Motors Co.’s Spring Hill, Tenn. assembly plant, will offer fresh exterior styling and smarter technologies both under the hood and inside the cabin.
The University of Michigan Museum of Natural History in Ann Arbor will re-open in the Biological Sciences Building on April 14. As part of the move to a larger space, the museum will offer new exhibits and a learning facility, as well as displays and specimens from the previous location.
Plymouth Township’s Rivian today announced an equity investment round of $700 million led by Seattle’s Amazon. The investment comes soon after the introduction of the company’s all-electric R1T pickup and R1S SUV at the Los Angeles Auto Show in November 2018. Other details about the investment were not disclosed.
It may be frigid outside, but inside Cobo Center, Feb. 16-24, all thoughts will be on the coming summer during the Detroit Boat Show, which is expected to draw more than 60,000 boaters and other interested consumers in from the cold.
Livonia has seen three hotels constructed in the last three years, with the latest – Holiday Inn Hotel Northwest, located at 17123 Laurel Park Drive N – now open.
The boards of trustees of the Edsel and Eleanor Ford House in Grosse Pointe Shores and Fair Lane, Home of Clara and Henry Ford in Dearborn, Thursday announced the appointment of Mark Heppner as president and CEO of Ford House, and Bob Bury as president and CEO of Fair Lane.
Automation Alley is poised to present its 2019 Technology in Industry Report titled “From Vision to Implementation” on April 29 at 8 a.m. at the Detroit Institute of Arts. The report is designed to help manufacturers keep pace with rapid technological change.
Birch Lodge, a hospitality retreat on the National Register for Historic Places located on the shores of Trout Lake in the Upper Peninsula, is undergoing a comprehensive restoration.