Ideas

BizTimes Media invites readers to participate in its inaugural Future 50 Most Social Company contest that will benefit one nonprofit organization in need in greater Milwaukee.

Robert Arzbaecher will retire from his role as president and chief executive officer of Actuant Corporation in January 2014, the company announced today.

Wisconsin Bank & Trust today reported second quarter net income of $1.5 million, the same as in the second quarter of 2012.

The search for a replacement for Kevin Reilly as UW System president gives the board of regents a chance to take a hard look at where the system finds itself in a rapidly changing world.

Milwaukee-based Rockwell Automation Inc. reported third quarter net income of $203.7 million, up 6.8 percent compared to $190.7 million in net income during the third quarter of fiscal 2012. Diluted earnings per share were $1.45, up from $1.33.

Brookfield-based Fiserv Inc. reported second quarter net income of $151 million, or $1.13 per share, down from $161 million, or $1.17 per share, in the second quarter of 2012.

Brookfield-based Connecture, Inc. is forecasting revenue growth of more than 80 percent this year to revenues in excess of $90 million.

Funds affiliated with CCMP Capital are selling all of their 7.02 million shares of stock in Generac Holdings Inc. through a secondary offering, excluding small amounts held by directors and a former director that were given as compensation for service on the board of directors.

Actuant Corp. announced it is acquiring Viking SeaTech, a Scottish offshore oil and gas support company, for about $225 million.

Principal Financial Group employees Ben Trevino, Roric Griffith, Adam Brophy and Susie Allen have been named Million Dollar Round Table members. All four are based at the company’s Wisconsin Business Center in Milwaukee.