Economic Development
North Shore Bank honors alderman
When the North Shore Bank at 4230 W. Oklahoma Ave. in Milwaukee was robbed recently, Alderman Joe Dudzik chased down the suspects.
Schott to head Northwestern Mutual compliance
Sarah Schott has been promoted to executive officer, vice president and chief compliance officer at Northwestern Mutual. She will lead the compliance/best practices department.
Artisan Value Team founder to retire
Scott Satterwhite, co-founder of the U.S. Value Team at Artisan Partners LP in Milwaukee, has advised the firm he plans to retire in three years. He will continue as a portfolio manager until September 2016.
Actuant caps fiscal year with strong quarter
Menomonee Falls-based Actuant Corp. reported fiscal fourth quarter net earnings of $58.3 million, or 78 cents per share, up from a net loss of $16.5 million, or 22 cents per share, in the same period a year ago.
Parent company to sell Frontier Airlines
Indianapolis-based Republic Airways Holdings Inc. announced it has entered into a definitive agreement to sell Frontier Airlines to an affiliate of Indigo Partners LLC in an all-cash transaction.
Conference will help employers to ‘Get Smarter’
Employers are invited to attend the fifth annual BizTimes Get Smarter Conference, which will focus on how companies can use apprenticeships, internships and mentorships to develop their future workforce and become more productive.
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Michigan company acquires KM Tool Supply
Warren, Mich.-based Production Tool Supply Co. has acquired Menomonee Falls-based KM Tool Supply Ltd.
MMAC reports economic growth for region
Economic indicators in the metropolitan Milwaukee area continue to move forward, with a majority of August indicators improving over year-ago levels, according to the latest monthly report by the Metropolitan Milwaukee Association of Commerce (MMAC).
Modine to acquire British firm
Racine-based Modine Manufacturing Co. a diversified global leader in thermal management technology and solutions, announced it has entered into exclusive negotiations to acquire privately held Barkell Limited, a manufacturer of custom built air handling units located in Consett (County Durham), United Kingdom.
Equity partners acquire Pereles Bros. Inc.
Pereles Bros. Inc., a Milwaukee-based plastic injection molding company, has been purchased through an equity buyout by business partners Steve Iram and Jim Gannon.