Olympia Development in Detroit, along with several development partners, today announced $160 million in new and renovated housing and retail projects in downtown Detroit and Midtown. Four buildings will be renovated, while two new projects will be built next to Little Caesars Arena, the 20,000-seat venue that will be home to the Detroit Red Wings and Detroit Pistons when it opens in September.
Jackson-based energy provider Consumers Energy today announced a solar energy pilot program, allowing customers to put solar panels on the rooftops of their homes. In collaboration with California-based SunPower, the program offers long-term financing options, 25-year power and product warranties, and installation options.
Detroit-based private equity firm Huron Capital has announced that its portfolio company, Dallas-based Good Sportsman Marketing (GSM), recently completed two add-on acquisitions. GSM acquired Scent Web from Beaverton, Mich.-based A-Way Hunting Products Inc., and Eugene, Ore.-based Bullseye Camera Systems. The acquisitions represent the second and third add-on deals for GSM since Huron Capital’s initial investment in June 2016.
Plymouth Township-based Varroc Lighting Systems has announced an expansion into the Brazilian market, supporting the company’s global growth plans. The strategic expansion was made possible through a partnership with German company Merka Lang, with both companies now sharing a 66,000-sqaure foot facility in Sorocaba, where Merka Lang has been operating since 1998.
Speyside Equity Fund I LP in New York has announced the acquisition of Shelby Township-based Avon Gear Co. The transaction was completed on May 17, and terms of the agreement were not disclosed.
When a marriage dissolves and a jointly-run business is involved, there are a limited amount of options available and all come with their own complications. One, the business can be sold; two, one of the partners can buy out the other; or three, the divorced couple can continue to run the business together.
Following the announcement that Jim Hackett would replace Mark Fields as president and CEO on Monday, Ford Motor Co. today announced senior leadership appointments worldwide, completing Hackett’s newly reorganized team.
DTE Biomass Energy, an Ann Arbor-based subsidiary of DTE Energy in Detroit, today announced the acquisition of two landfill gas-to-energy projects in Texas —Ford Bend Power Procedures facility outside of Rosenberg (west of Houston) and the Seabreeze landfill gas development project in Angleton (south of Houston).
GMC announced upgrades to the 2018 Yukon Denali lineup, including styling and trim enhancements and a new 10-speed automatic transmission.
GMC announced upgrades to the 2018 Yukon Denali lineup, including styling and trim enhancements and a new 10-speed automatic transmission. The Yukon Denali’s new 10-speed automatic leverages the engineering experience of General Motors Co.’s multispeed transmissions to deliver improved performance. A wider, 7.38 overall gear ratio spread, compared to the vehicle’s previous eight-speed automatic, enables a lower numerical top gear ratio and contributes to greater efficiency.
Chevrolet and Olympia Entertainment today announced the expansion of their partnership, making Chevrolet the official vehicle of the upcoming Little Caesars Arena. The two also are official vehicle partners at Comerica Park, home to the Detroit Tigers.
Verve, a New York-based location-powered mobile marketing company, today announced its continued expansion in the Detroit market, opening a new sales office in Southfield, the company’s seventh worldwide. The team will focus on regional sales and client services, serving local brands and advertisers including Ford Motor Co., FCA US, General Motors Co., and The Mars Agency.
After operating as a pop-up and an online retailer, clothing and accessories boutique Bird Bee today opens its first brick and mortar location at The Albert in Detroit’s Capitol Park. The soft opening will begin at 5 p.m., followed by a grand opening on Thursday, June 1 from 5-8 p.m., where shoppers can enjoy refreshments and special discounts.