Economic Development

Summit Credit Union has named two new area managers, at its West Milwaukee and VA branch locations.

The Water Council has launched a $5 million seed capital fund that will increase access to capital for early stage water technology companies, according to the U.S. Economic Development Administration.

Layton Boulevard West Neighbors, Inc. celebrated the neighborhood development progress it has made in the last two decades during its 2015 Executive Breakfast, held March 19 at Alverno College. The event, in its ninth year, highlighted LBWN's 20th anniversary while also calling attention to the nonprofit's pool of stakeholders. LBWN, founded by the School Sisters of St. Francis, has leveraged more than $40 million in neighborhood investments throughout its history. The breakfast event included networking, remarks from community leaders and public officials, and a panel discussion featuring insight from neighborhood residents.

Brown Deer-based Bank Mutual has added Vanessa Reyes to its residential lending team as a community based loan officer....

The UK private equity group of Baird Capital, the direct investment arm of Milwaukee-based Robert W. Baird & Co. Inc., has acquired a majority interest in Clearwater Group.

Menomonee Falls-based Actuant Corp. reported a second quarter net loss of $64.8 million, or $1.05 lost per share, in the second quarter, compared with net income of $41.4 million, or 56 cents per share, in the second quarter of 2014.

Milwaukee-based The Marcus Corp. reported third quarter net income of $2.8 million, or 11 cents per share, compared with net income of $273,000, or 15 cents per share, in the third quarter of 2014.

Oceanside, Calif.-based Federal Heath Sign Company LLC recently acquired Racine-based DuraColor LLC.

Hartford's CDM Tool & Mfg. Co. Inc. has been acquired by Milwaukee private investment firm Jacsten Holdings LLC. The family company was sold by Pam Priestaf, whose father founded CDM.

New Berlin-based IEWC has acquired UK-based Argosy Components Ltd.