Banking & Finance
Actuant finds buyer for Electrical Segment
Menomonee Falls-based Actuant Corp. announced today 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.
Iowa company acquires Wisconsin Web Offset
Des Moines, Iowa-based Mittera Group has acquired Brookfield-based Wisconsin Web Offset LLC, a commercial web printing and finishing services company.
Fiserv unveils mobile retail cash app
Brookfield-based Fiserv Inc. a global provider of financial services technology solutions, has announced the availability of CorPoint Mobile, a mobile application that allows merchants to use their tablet or smartphone to order cash from their financial institution, increasing ease of accessibility and use.
Waterstone Bank caps quarter
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.
The Rauser Agency moves to 411 Building
The Rauser Agency, a health insurance and employee benefits solutions firm, recently moved its downtown Milwaukee headquarters office across the street from 400 E. Wisconsin Ave. to the 411 E. Wisconsin Ave. tower.
Financial planner starts independent company
After working at Robert W. Baird & Co. Inc. for 19 years, financial planner Betty Wellhoefer Hill has branched out to establish her own investment advisory firm in Grafton.
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Mattke to succeed Lauer as CFO at MGIC
Milwaukee-based MGIC Investment Corp. has announced that J. Michael Lauer, who has been the company's chief financial officer since 1989, will retire on Feb. 28, 2014.
First Business Financial Services reports higher earnings
First Business Financial Services Inc. reported third quarter net income of $3.6 million, or 91 cents per diluted common share, in the third quarter, compared with $2.6 million, or 99 cents per share, in the same period a year ago.
Emory wins award
Milwaukee-based investment banking firm Emory & Co. has received a U.S. Leading Adviser of the Year Award from London-based Acquisition International in the 2013 M&A Awards.
Artisan Partners profits up
Milwaukee-based Artisan Partners Asset Management Inc. reported net income of 47.6 million, or 67 cents per share, for the third quarter, up from 29.1 million in the same period a year ago.
