Banking & Finance

Milwaukee-based Roundy's Inc. reported first quarter net income of $2.3 million, or 6 cents per share, down from $8.8 million, or 29 cents per share, in the same period a year ago.

The historic Times and Rosebud theaters have been sold at sheriff's auction to Lee Barczak, who also owns the Avalon Theatre in Bay View.

Milwaukee-based Rexnord Corp. completed its first quarter as a public company with net earnings of $9 million, or 12 cents per share.

Lee Brass Company has been acquired by Morris Capital Management, with the help of Cleary Gull Inc. of Milwaukee.

Douglas Dynamics Inc., a Milwaukee-based designer and manufacturer of snow and ice control equipment for light trucks, reported a first quarter net loss of $4.3 million, or 19 cents per share, compared with a net loss of $0.8 million, or 4 cents per share, in the same period a year ago.

Menomonee Falls-based Magnetek Inc. reported first quarter net income of $6.9 million of $2.14, up from $971,000, or 30 cents per share, in the same period a year ago.

Milwaukee-based Rexnord Corp. completed its first quarter as a public company with net earnings of $9 million, or 12 cents per share.

As the economy recovers, now is the time for company owners to plan for their next move, as the mergers and acquisitions market is quickly heating up.

Perhaps one of the most challenging decisions a business owner faces is determining the right time to sell his or her business. Exit planning is a simple, yet critical, exercise that can help a business owner ensure that everything he does will support his goals and maximize the value of his business.