Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Actuant sells RV division for $35 million
Menomonee Falls-based Actuant Corp. has sold its recreational vehicle business to a subsidiary of Elkhart, Ind.-based RV supplier Drew Industries for $35.5 million.
ARI recovers from loss
Milwaukee-based ARI Network Services Inc. reported fiscal third quarter net income of $160,000, or 1 cent per share, up from a loss of $571,000, or 5 cents lost per share, in the third quarter of 2013.
Industrial Controls acquires Illinois company’s assets
Sussex-based The Industrial Controls Co. has acquired the assets of Downers Grove, Ill.-based Control Masters Inc.
Johnson Controls offering to draw $1.7 billion
Glendale-based global multi-industrial firm Johnson Controls Inc. has priced a public offering of $1.7 billion in fixed rate senior notes.
Grede Holdings sold to New York firm
Grede Holdings LLC, which has four Wisconsin foundries and was founded in Wauwatosa, has been sold to New York private equity firm American Securities LLC.
Cera is new chair of Wisconsin Bankers Association
Robert Cera, president and chief executive officer of Baylake Bank in Sturgeon Bay, has been elected to serve as the 2014-2015 chair of the Wisconsin Bankers Association.
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Gay is new managing partner for Ernst & Young in Milwaukee
Ernst & Young LLP has named assurance partner David Gay as managing partner of its Milwaukee office, July 1.
Capital Innovations to advise on new energy fund
Pewaukee-based Capital Innovations LLC will sub-advise a new fund launched by Irvine, Calif.-based Vertical Capital Markets Group.
Actuant trainees visit NYSE
Menomonee Falls-based Actuant Corp. recently brought its finance management development program participants to New York to visit the New York Stock Exchange and attend the Wells Fargo Industrial investor conference.
Actuant makes $31 million acquisition
Menomonee Falls-based Actuant Corp. has acquired Sugar Land, Texas-based Hayes Industries Ltd. for about $31 million.
