Economic Development
Nassco acquires Madison firm
New Berlin-based Nassco Inc. has acquired of Messner Inc. of Madison.
Messner began in 1941as the Refrigeration Equipment Co.
Messner began in 1941as the Refrigeration Equipment Co.
Blackthorne Partners acquires Berlon Industries
Blackthorne Partners Ltd., a Mequon-based private equity firm, announced it has acquired Berlon Industries, a Hustisford-based manufacturer of buckets and attachments for skid loaders, telehandlers and compact utility tractors.
U.S. Bank subsidiary acquires AIS
U.S. Bancorp Fund Services LLC (USBFS), a Milwaukee-based subsidiary of U.S. Bancorp, announced it has agreed to acquire AIS Fund Administration (AIS), a provider of fund administration and related services to alternative investment managers.
Johnson Outdoors acquires Jetboil
Racine-based Johnson Outdoors Inc. announced it has closed on its acquisition of Jetboil Inc., the world's No. 1 brand of outdoor cooking systems.
Kapco seeks more vendors to accommodate growth
Grafton-based Kapco Inc., which is projecting 20-percent annual sales growth in each of the next several years, is launching a new initiative to expand its vendor base and augment its growth.
Wisconsin economy continues sluggish growth
The Wisconsin economy is expanding at a somewhat sluggish pace and has struggled to gather any sustained momentum given declining factory activity, according to the State Monitor report released today by BMO Capital Markets Economics.
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A new role for the WEDC
Of late some mud has been slung at the newly formed Wisconsin Economic Development Corporation (WEDC). Much of it deserved. The agency discovered it had failed to track nearly $9 million in loans that are not current, the chief financial officer resigned and Governor Walker brought in a new interim leader while suggesting he would be discussing a series of dramatic moves with the board. WEDC will seek new leadership in a national search as Paul Jadin, former WEDC CEO, jumped ship to run Thrive, the economic development partnership for the Madison area.
Kohl’s reports solid quarter
Kohl's Corp. reported third quarter net income of $215 million, or 91 cents per share, up from $211 million, or 80 cents per share, in the same period a year ago.
Craft brews propel MillerCoors
MillerCoors LLC reported a 74-percent increase in quarterly profits, sparked by continued growth in its Coors Light and Tenth and Blake Beer Co. brands.
Workwise acquires OnContact Software
Milwaukee-based WorkWise LLC announced the strategic acquisition of OnContact Software, a Cedarburg-based provider of mid-sized CRM (customer relations management) systems.