Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Roadrunner Transportation acquires Missouri firm
Cudahy-based Roadrunner Transportation Systems Inc. announced that it has acquired all of the outstanding membership interests of Springfield, Mo.-based logistics firm Marisol International LLC for a total purchase price of $66 million, plus an earn-out capped at $2.5 million.
Generac to Acquire Tower Light business
Waukesha-based Generac Holdings Inc. announced it has signed a purchase agreement to acquire the equity of Tower Light Srl and its wholly-owned subsidiaries from European private equity fund Ambienta I and a group of minority-share investors.
ABC Supply acquires Tennessee firm
Beloit-based building products distributor ABC Supply Co. Inc. announced that it has acquired the assets of American Wholesale Building Supply Co., a distributor of siding and windows with a single location in Nashville, Tenn.
New hires and promotions
Robert F. Wolf has been named chief credit officer at Spring Bank. He joined the bank as vice president-administration...
Kaminski to head wealth division
Daniel L. Kaminski has been named executive vice president and head of Johnson Bank’s Wealth line of business.
Artisan Partners earnings up
In its second quarter as a publicly traded company, Artisan Partners Asset Management Inc. reported earnings of $5.7 million, or $0.38 per share, up from $3 million or $0.19 per share in the first quarter.
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Stocks may rally into late August
Bruce Bittles, Robert W. Baird & Co. Inc. chief investment strategist, wrote in his market notes yesterday that he expects the stock market to continue its rally into late August.
Harley sales soar
Harley-Davidson Inc. reported second quarter net income of $271.7 million, or $1.21 per share, up from $247.3 million, or $1.21 per share, in the same period a year ago.
Generac to Acquire Tower Light business
Waukesha-based Generac Holdings Inc. announced it has signed a purchase agreement to acquire the equity of Tower Light Srl and its wholly-owned subsidiaries from European private equity fund Ambienta I and a group of minority-share investors.
Cool spring chills Briggs & Stratton
Wauwatosa-based Briggs & Stratton Corp. announced that it expects to report net sales and earnings below the guidance that it provided for fiscal 2013. The lower retail sales due to a late spring in the U.S. and Europe have not yet recovered in the current season, the company said.
