Banking & Finance

Wisconsin ranks 14th in investment

Private equity firms invested $9.1 billion in Wisconsin in 2012, placing the state 14th nationally, according to a new Private Equity Growth Capital Council report.

Orion acquires Florida lighting firm

Orion Energy Systems Inc., a Manitowoc-based power technology enterprise, announced it has completed the acquisition of all of the issued and outstanding equity interest in Harris Manufacturing Inc. and Harris LED LLC. Harris Manufacturing and Harris LED, located in Green Cove Springs, Fla., engineer, design, source and manufacture energy-efficient lighting systems, including fluorescent and LED lighting solutions and day-lighting products.

Concordia University Wisconsin acquires Ann Arbor institution

Concordia University Wisconsin, based in Mequon, has acquired Concordia University Ann Arbor after financial struggles at the Michigan-based university threatened the future of its academic offerings.

Koss reaches settlement with Grant Thornton

Milwaukee-based Koss Corp. has settled the claims against its former auditor, Grant Thornton LLP, in the lawsuit pending in the Circuit Court of Cook County, Illinois, County Department, Law Division.

Money events

Pellmann, Drellos & Associates, s.c. will offer a free seminar, “See Me Now or See Me Later,” on Wednesday,...

BMO Harris to retain Mitchell space

BMO Harris Bank N.A. has submitted the only bid to operate a bank concession at General Mitchell International Airport in Milwaukee.
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U.S. Bank moving Sussex branch

U.S. Bank announced it will move its Sussex office to N64W24857 Main St., the first free-standing branch it has opened in the Milwaukee market since 2011.

FDIC considering rule changes

The Federal Deposit Insurance Corporation board of directors is voting this morning on rule changes that could impact the country’s largest banks.

CIBM to acquire Illinois bank

Waukesha-based CIBM Bank plans to acquire certain assets and liabilities of Avenue Mortgage Corporation in Naperville, Ill.

Lockton opens Milwaukee office

Insurance and employee benefits firm Lockton has opened an office in Milwaukee, at 250 E. Wisconsin Ave., 18th Floor.

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