Industries
WEM sold to Mendota Group
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.
Northern Trust gives financial outlook
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.
BizTimes Morning Headlines: Pressure mounts on Walker to create health insurance exchange
An array of interests that don’t normally agree — from the state’s conservative chamber of commerce to liberal health care advocates — are united in pressuring Wisconsin Gov. Scott Walker to create a state-run exchange under the federal health care law.
Kapco seeks more vendors to accommodate growth
Grafton-based Kapco Inc., which is projecting 20-percent annual sales growth in each of the next several years, is launching a new initiative to expand its vendor base and augment its growth.
Roadrunner Transportation acquires South Dakota firm
Cudahy-based Roadrunner Transportation Systems Inc. announced today 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.
Milwaukee housing market continues to surge
October sales of existing homes in the metropolitan Milwaukee housing market were up 32.8 percent compared with the same month a year ago.
- Advertisement -
Outpost plans to open new store in Mequon
The Outpost Natural Foods Cooperative is looking to expand into Ozaukee County for its fourth retail store location, as it has made an offer to acquire property in the city of Mequon at the northeast corner of Mequon Road and Wauwatosa Road.
Impairments pile up on Modine
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 reports robust quarter
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.
Allen Edmonds expands growth plans
Port Washington-based Allen Edmonds Shoe Corp. is receiving a $20 million loan from Green Bay-based Associated Banc-Corp for expansion plans that include a lease of 30,000 square feet of existing warehouse space in Port Washington and plans for two additional stores in China.
