Economic Development
Wilson to lead PwC in Milwaukee
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.
Buell deal will expand production
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.
Fed to ease up on QE
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.
Baird promotes investment bankers
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.
It’s a seller’s market
The conditions in the local mergers and acquisitions market are ripe for business owners to sell, according to industry experts.
Write-down takes toll on Actuant
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.
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Rexnord public offering priced at $16 per share
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.
Vanderpoel joins Schenck M&A team
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.
First Bank Financial Centre collecting supplies for tornado victims
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.
WaterStone expands board
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.