Banking & Finance

Cudahy-based Roadrunner Transportation Systems Inc. announced it has acquired all of the outstanding stock of A&A Express, a provider of truckload services based in Brandon, S.D., for approximately $24.0 million, plus an earn-out capped at $2.5 million.

New Berlin industrial automation software developer WEM Automation has been acquired by Madison-based mergers and acquisitions firm The Mendota Group. Milwaukee M&A advisory firm Pentvia Partners advised WEM shareholders in the transaction.

Kate Nixon, chief investment officer for personal financial services at Northern Trust Bank, visited Milwaukee Thursday to provide post-election financial insight at a breakfast for clients.

Racine-based Modine Manufacturing Co. reported a fiscal second quarter net loss of $12.0 million, or 26 cents per share, compared with net earnings of $1.4 million, or 3 cents per share, in the same period a year ago.

Rexnord Corp. reported fiscal second quarter net income of $19.2 million, or 19 cents per share, up from $4.5 million, or 6 cents per share, in the same period a year ago.

Briggs & Stratton Corp. announced that it has signed a definitive agreement to acquire Companhia Caetano Branco of Brazil for approximately $60 million, subject to post-closing adjustments.

Kenosha plastic injection molder Xten Industries is adding a fourth shift so it can run 24/7 to keep up with growth.

Northern Trust Bank has been named “Best Private Bank” in the United States for the fourth consecutive year by Professional Wealth Management and The Banker magazines, both published by the Financial Times Group.

Anchor BanCorp Wisconsin Inc., the Madison-based parent company of Anchor Bank, announced a third quarter net loss of $12.1 million, or 57 cents per share, compared with a net loss of $19.6 million, or 92 cents per share, for the same period a year ago.

Northwestern Mutual has announced that its Foundation will increase its charitable donations by $200,000 in fiscal year 2013 to a total of $16.9 million.