Economic Development

Brown Deer-based Bank Mutual Corp., the largest Milwaukee County-based bank, reported first quarter net income of $1.2 million, or 3 cents per share, up from $1.0 million, or 2 cents per share, in the same period a year ago.

Windermere Wealth Advisors LLC in Milwaukee has formed a strategic alliance with independent investment and wealth management firm SCS Financial Services LLC of Boston.

Bridgewood Advisors, a Milwaukee M&A advisory firm, has assisted a Madison start-up with a sale to a Swiss competitor.

Milwaukee private equity firm Generation Growth Capital Inc. has acquired Tri Aerospace LLC of Terre Haute, Ind.

The M&A Advisor has named Dani Machata of Godfrey & Kahn and Robert Jansen of Bridgewood Advisors among its 40 Under 40 winners.

Associated Banc-Corp has expanded its Commercial Real Estate services into the Detroit area. Don Heath and Kathy Bozek will head the Southeast Michigan market.

Make a Difference Wisconsin will host its fourth annual investment conference on Wednesday, May 9, from 1:30 to 5:30 p.m. at the Pfister Hotel in Milwaukee.

Northwestern Mutual Life Insurance Co. Inc. has sold the Russell Investments Center in Seattle to CommonWealth Partners for $480 million, in what is believed to be the largest single asset office sale in the Western United States since 2006.

Cudahy-based Roadrunner Transportation Systems Inc. has acquired all of the outstanding capital stock of D&E Transport, an asset-light flatbed carrier focused primarily on food and agricultural products located in Clearwater, Minn., for approximately $11.2 million plus an earnout.

UW Credit Union has opened its newest branch at 21215 E. Moreland Blvd. in Waukesha. The full-service branch is its fourth in the Milwaukee area and twentieth branch in Wisconsin.