Banking & Finance
Douglas Dynamics revenue nearly doubles on acquisition
Milwaukee-based vehicle attachments and equipment manufacturer Douglas Dynamics Inc. has reported first quarter net income of $383,000, or 1 cent per share, down from $1.6 million, or 7 cents per share, in the first quarter of 2014.
Wisconsin Energy earnings fall on acquisition costs
Milwaukee-based Wisconsin Energy Corp. today reported first quarter net income of $195.8 million, or 86 cents per share, down from $207.6 million, or 91 cents per share, in the first quarter of 2014.
Park Bank to host exit strategy seminars
Milwaukee-based Park Bank will host a series of seminars and workshops for business owners interested in learnings about exit strategies and acquisition opportunities.
High school financial literacy program expands
The EverFi Financial Literacy Program, which aims to improve financial literacy among Wisconsin high schoolers, has received funding from Brookfield-based Spring Bank that has allowed expansion into three new schools.
Vrakas/Blum changes name
Brookfield-based public accounting and consulting firm Vrakas/Blum has changed its name to Vrakas CPAs + Advisors.
Mason Wells invests in Cincinnati power company
Milwaukee private equity firm Mason Wells has made an undisclosed investment in Cincinnati-based CE Power Solutions, a power engineering, testing and maintenance services provider.
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Schenck advises Badger Mining on acquisition of Northern Frac Proppants
Milwaukee’s Schenck M&A Solutions served as advisor to Berlin-based Badger Mining Corp. on the recent purchase of the assets of Alma Center-based Northern Frac Proppants II LLC. Terms of the transaction were not disclosed.
Strong dollar hurting earnings
The sudden surge in the U.S. dollar over the past year has been wreaking havoc on revenue in the latest earnings reports.
Hal Leonard acquires music technology company
Milwaukee-based Hal Leonard Corp. has acquired Tunessence, a music education technology company based in Pittsburgh.
ESOP fables: Reviewing the myths and facts about Employee Stock Ownership Plans
Employee Stock Ownership Plans (ESOPs) can be an attractive way for an owner to sell a company and for employees to gain an ownership stake. ESOPs are qualified retirement plans that buy, hold and sell company stock for the benefit of employees. One of the main reasons ESOPs are often dismissed by business owners (and their advisors) as a legitimate succession planning option is due to the many unfounded misconceptions about them. In reality, many businesses are a perfect fit for ESOPs, but the business owners will never know because they think selling to a private equity or other third-party buyer are their only legitimate alternatives. Discussed below are some of the most common myths associated with ESOPs (sometimes referred to as “ESOP fables”):
