Banking & Finance

Wauwatosa-based Zywave Inc., a provider of insurance and financial planning software solutions, announced it has signed a definitive agreement to sell its Insurance Solutions Division to Aurora Capital Group, a Los Angeles-based private equity firm.

MiTek Industries, a Berkshire Hathaway company announced today it has acquired Cubic Designs Inc., a Wisconsin-based recognized leader in the design, prefabrication and installation of custom work platforms and structural mezzanine systems used in distribution, processing, manufacturing, aerospace and other types of operating facilities.

Waterstone Financial Inc., the Wauwatosa-based holding company for WaterStone Bank, reported third quarter net income of $3.2 million, or 10 cents per share, compared with $8.4 million, or 54 cents per share, in the same period a year ago.

Brookfield-based Fiserv Inc. reported third quarter net income of $159 million, or $1.21 per share, compared with $139 million, or $1.02 per share, in the same period a year ago.

Des Moines, Iowa-based Mittera Group has acquired Brookfield-based Wisconsin Web Offset LLC, a commercial web printing and finishing services company.

Menomonee Falls-based Actuant Corp. announced it has reached a definitive agreement to sell its Electrical Segment to Sentinel Capital Partners for $258 million in cash, subject to working capital and other closing adjustments.

Milwaukee-based Artisan Partners Asset Management Inc. said its public offering of 4.8 million Class A common shares has been priced at $56 per share.

The Kenosha Area Business Alliance has hired Tina Schmitz as its chief financial officer.

Allen Edmonds Corp. has agreed to be acquired by an affiliate of Brentwood Associates, a Los Angeles-based private equity firm founded in 1972 with a track record of successful investments in growth-oriented consumer companies.

Milwaukee-based Adelman Travel Group has acquired Fresno, Calif.-based Chamber Discoveries, a travel agency that targets chambers of commerce in the U.S.