Alta loss grows on acquisition expenses
LIVONIA—Alta Equipment Group Inc. (NYSE: ALTG), a provider of industrial and construction equipment and related services, posted a loss of $17 million or 91 cents a share in the first …
Alta Equipment Group reports 35% jump in revenue but posts loss
LIVONIA—Alta Equipment Group Inc. (NYSE: ALTG), a provider of industrial and construction equipment and services, reported a loss of $35.4 million in 2019, compared to net income of $1.5 million …
Troy supply chain software developer Algo raises $15 million
TROY—Algo, the Troy-based developer of supply chain software, announced that it received a $15 million investment from Los Angeles-based Integrity Growth Partners (IGP). Algo software is used by Fortune 500 …
Lakeside Software gets new investment
ANN ARBOR—Lakeside Software, the Ann Arbor developer of digital experience monitoring software, announced an equity investment by the New York City-based venture capital and private equity firm. The amount and …
Polk invests in Ann Arbor AI firm
ANN ARBOR—The Ann Arbor-based artificial intelligence and data analytics firm RXA announced that it had completed a round of funding backed by Stephen Polk, former R.L. Polk chairman and CEO, …
West Michigan medical equipment firm buys orthopedic supplier
CALEDONIA—Aspen Surgical Products Inc., a provider of surgical and patient safety disposable products, announced the acquisition of Redmond, Wash.-based Beatty Marketing & Sales LLP. Beatty provides orthopedic products, including foam …
Gilbert’s Rockbridge private equity firm buys California web developer for professionals
DETROIT—Rockbridge Growth Equity LLC, a Detroit-based private equity firm, today announced that it has acquired ProSites Inc., a provider of online marketing services to professionals. Founded in 2003, Riverside, Calif.-based …
Holland software developer gets investment, new CEO from NYC private equity firm
HOLLAND—Seaport Capital, a New York City-based private equity firm, announced that it has made a strategic investment in Rutherford & Associates Inc.. Rutherford provides software for beverage distributors, including route …
Business software company gets new capital
ANN ARBOR—DaySmart Software, a provider of business management software to the salon, pet care, spa and tattoo industries, today announced it has completed a recapitalization led by Philadelphia, Pa.-based LLR …
Huron Capital tech unit makes sixth acquisition
DETROIT—The Detroit-based private equity firm Huron Capital today announced its IT products and services business unit, Santa Clara, Calif.-based InterVision, has acquired SeyVu, a Folsom, Calif.-based company that specializes in …