Ideas
Roadrunner Transportation acquires South Dakota firm
Cudahy-based Roadrunner Transportation Systems Inc. announced it has acquired all of the outstanding stock of A&A Express, a provider of truckload services based in Brandon, S.D., for approximately $24.0 million, plus an earn-out capped at $2.5 million.
WEM sold to Mendota Group
New Berlin industrial automation software developer WEM Automation has been acquired by Madison-based mergers and acquisitions firm The Mendota Group. Milwaukee M&A advisory firm Pentvia Partners advised WEM shareholders in the transaction.
Northern Trust gives financial outlook
Kate Nixon, chief investment officer for personal financial services at Northern Trust Bank, visited Milwaukee Thursday to provide post-election financial insight at a breakfast for clients.
Impairments pile up on Modine
Racine-based Modine Manufacturing Co. reported a fiscal second quarter net loss of $12.0 million, or 26 cents per share, compared with net earnings of $1.4 million, or 3 cents per share, in the same period a year ago.
Rexnord reports robust quarter
Rexnord Corp. reported fiscal second quarter net income of $19.2 million, or 19 cents per share, up from $4.5 million, or 6 cents per share, in the same period a year ago.
Allen Edmonds expands growth plans
Port Washington-based Allen Edmonds Shoe Corp. is receiving a $20 million loan from Green Bay-based Associated Banc-Corp for expansion plans that include a lease of 30,000 square feet of existing warehouse space in Port Washington and plans for two additional stores in China.
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Craft brews propel MillerCoors
MillerCoors LLC today reported a 74-percent increase in quarterly profits, sparked by continued growth in its Coors Light and Tenth and Blake Beer Co. brands.
Magnetek hires Chinese distributor
Menomonee Falls-based Magnetek Inc. announced it is expanding international distribution of its radio control products in China.
Briggs & Stratton to acquire Brazilian company
Briggs & Stratton Corp. announced that it has signed a definitive agreement to acquire Companhia Caetano Branco of Brazil for approximately $60 million, subject to post-closing adjustments.
Talgo files lawsuit against state
Talgo Inc. has filed a lawsuit against the state of Wisconsin, alleging the state violated the commitments in a contract and has not paid for two high-speed trains that are sitting idle in the company's Milwaukee plant.
