Economic Development

PriceWaterhouseCoopers LLP has named Raymond Wilson its new managing partner for the Milwaukee office. He replaces Tim Donnelly in supervising the firm’s Wisconsin assurance, tax and advisory operations.

Erik Buell has sold a 49.2-percent stake in his East Troy company, Erik Buell Racing LLC, to Hero MotoCorp Ltd. of New Delhi, India.

The Federal Reserve last week indicated it will begin tapering its bond purchasing and quantitative easing policies, which had a distinct impact on the markets, according to the U.S. Bank The Private Client Reserve Market & Economic Update.

Milwaukee-based Robert W. Baird & Co. Inc. announced that two of its veteran bankers, Brian Doyal and Brian McDonagh, will assume the position of co-head of Global Investment Banking, effective Jan. 1, 2014.

The conditions in the local mergers and acquisitions market are ripe for business owners to sell, according to industry experts.

Menomonee Falls-based Actuant Corp. reported a fiscal third quarter loss of $93.0 million, or $1.24 per share, compared with net income of $34.4 million, or 45 cents per share in the same period a year ago.

West Milwaukee-based Rexnord Corp. announced the pricing of its previously announced public offering of its common stock held by certain funds affiliated with Apollo Global Management LLC.

Corey Vanderpoel has been named a managing director at Schenck M&A Solutions. He will be responsible for providing M&A advisory services to new and existing clients.

Oconomowoc-based First Bank Financial Centre, in partnership with Ixonia-based COWS Mobile Storage, is building on a collection of supplies totaling nearly 1,500 pounds to benefit victims of deadly tornadoes that touched down in Oklahoma in May.
 

Wauwatosa-based WaterStone Bank SSB is adding two new members to its board of directors, expanding the group. Ellen Bartel and Kristine Rappe were appointed to the board on June 21.