Banking & Finance

West Milwaukee-based Rexnord Corp. announced the pricing of its previously announced public offering of its common stock held by certain funds affiliated with Apollo Global Management LLC.

Corey Vanderpoel has been named a managing director at Schenck M&A Solutions. He will be responsible for providing M&A advisory services to new and existing clients.

Oconomowoc-based First Bank Financial Centre, in partnership with Ixonia-based COWS Mobile Storage, is building on a collection of supplies totaling nearly 1,500 pounds to benefit victims of deadly tornadoes that touched down in Oklahoma in May.
 

Wauwatosa-based WaterStone Bank SSB is adding two new members to its board of directors, expanding the group. Ellen Bartel and Kristine Rappe were appointed to the board on June 21.

The conditions in the local mergers and acquisitions market are ripe for business owners to sell, according to industry experts.

The front end of the baby boom generation is is facing a crossroads. About 10,000 members of the baby boom generation turn 65 each day, a trend that will continue for the next 16 years, according to the Pew Research Center.

A major investor in Smithfield Foods Inc., the parent company Patrick Cudahy LLC, is trying to pressure the company to explore a breakup of its subsidiaries, rather than pursue a planned takeover by a Chinese meat producer.

Menomonee Falls-based Actuant Corp. reported a fiscal third quarter loss of $93.0 million, or $1.24 per share, compared with net income of $34.4 million, or 45 cents per share in the same period a year ago.

West Milwaukee-based Rexnord Corp. announced the pricing of its previously announced public offering of its common stock held by certain funds affiliated with Apollo Global Management LLC.

Barbara Ecklond, CPA, has been named principal-in-charge of the Milwaukee office of SVA Certified Public Accountants S.C.