Banking & Finance
Allrite acquires insulation firm
Allrite Home & Remodeling Inc., a Milwaukee company specializing in siding, roofing, window and gutter replacement, has acquired S&E Insulation in Shorewood.
Actuant CEO tapers outlook
Menomonee Falls-based Actuant Corp. today reported fiscal second quarter net earnings of $28.4 million, or 38 cents per share, down from $32.2 million, or 43 cents per share, in the same period a year ago.
McMasters retires from CliftonLarsonAllen
Krista McMasters, CEO of CliftonLarsonAllen, will retire effective April 1 after 35 years with the firm.
State agencies to launch $30 million venture capital fund
The State of Wisconsin Investment Board (SWIB) and Wisconsin Alumni Research Foundation (WARF) are creating an early-stage venture capital fund focused on information technology.
Acuity reaches new financial highs
In its 2012 financial statement, Sheboygan-based property and casualty insurance firm Acuity reported that its assets under management reached an all-time high of $2.75 billion and policyholders’ surplus finished the year at a record $1.125 billion.
Hendricks makes offer to buy out investors at ABC Supply
ABC Supply Holding Corp., the parent company of Beloit-based American Builders & Contractors Supply Co. Inc., has entered into a definitive agreement to redeem all of the shares held by its minority shareholders, an investor group led by Advent International.
Upon the closing of the transaction, 100 percent of the shares of ABC Supply will be controlled by the company’s co-founder, Diane M. Hendricks.
Upon the closing of the transaction, 100 percent of the shares of ABC Supply will be controlled by the company’s co-founder, Diane M. Hendricks.
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Northern Trust proceeds with capital plan
Northern Trust Corp. announced it has received no objections from the Federal Reserve Board to its proposed 2013 capital plan.
Waterstone Mortgage launches new brand
Pewaukee-based Waterstone Mortgage Corp. has unveiled a new logo as part of a rebranding campaign.
ARI raises $4.8 million in private placement
Milwaukee-based ARI Network Services Inc., a provider of software and data solutions, announced it has entered into definitive agreements with investors in a private placement of $4.8 million of its common stock at a purchase price of $1.50 per share.
Buyers and sellers invited to BizTimes M&A Forum
Company owners interested in learning more about the process and prospects of buying or selling businesses are invited to attend the annual BizTimes M&A Forum, which will take place Friday, May 3, at the Pfister Hotel in downtown Milwaukee from 7:30 to 11:30 a.m.
