Home Blog Page 5910

Mergers & acquisitions

The Sheboygan accounting firms of VanDerJact Williamson, LLP, and Martin C. Stepzinski CPA, S.C., have merged with Clifton Gunderson. Clifton Gunderson’s offices serving eastern Wisconsin comprise what will become known as its Eastern Wisconsin Client Service Center, formerly known as the Fox Valley Client Service Center. It is based at 100 Park Plaza in Oshkosh. Its offices now include Oshkosh, Green Bay, Sheboygan, Plymouth and Port Washington. The firm now has 17 offices in Wisconsin. The former VanDerJact Williamson firm was founded in 1959. Gary Williamson has joined Clifton Gunderson as a member. In total, 21 persons from VanDerJact Williamson have joined Clifton Gunderson. The Martin C. Stepzinski firm was founded in 1983. Four professionals and staff from the firm have joined Clifton Gunderson, with Stepzinski becoming a member. They will be moving their practice to 708 Erie Ave. to join with former VanDerJact Williamson staff at that location.
Rocore Industries of Franklin has acquired the manufacturing assets of Modine Aftermarket Holdings’ Dallas-based radiator core manufacturing operation. The new facility will be operated as Rocore Southwest. Rocore Southwest will continue to offer the radiator core products currently made at the Dallas location as well as its OEM-configured construction, truck and industrial cores as manufactured at its Franklin plant. Modine Aftermarket Holdings will operate its Dallas-based distribution from a new location in Dallas. Modine will distribute the Rocore radiator core product line to radiator shops in the Texas, Oklahoma and Louisiana markets.
The T.E. Brennan Co. of Milwaukee has acquired the Glendale-based risk management and property and casualty consulting firm of Brock McQuide Consultants. The firm’s staff has joined T.E. Brennan on Milwaukee’s East Side, and the Glendale office has been closed. Mark McQuide has become a Brennan consultant.
Libby Wick and Mark Metcalf have purchased Kelley’s on Donges Bay Road in Mequon. They have renovated the facility and renamed it Libby Montana Bar & Grill. The restaurant will feature a variety of regional American foods. The original bar is being restored. The small banquet room, the new room, will be geared toward families and children, with toys and books and nature videos on the television. The Volleydome will also be updated, and will continue to be available for volleyball leagues. Wick, a Milwaukee native, had managed Major Goolsby’s and the Stackner Cabaret. Upon marrying Metcalf, a New York actor, she moved to Manhattan and worked for the Ark Restaurant Corp. The couple relocated to Los Angeles in 1994, and she became the general manager for the food and beverage operations of the production lot of Universal Studios. Metcalf, a St. Louis native, has appeared in Animal House and Oscar, and has made appearances on Buffy the Vampire Slayer and as the maestro on Seinfeld. He also produced the feature film Chilly Scenes of Winter. They returned to the Midwest to raise their son Julius. The restaurant’s chef, Ryan Whitman, is a graduate of Johnson & Wales University in South Carolina and has worked at Club Forest and Spago in Chicago. Most recently, he was at North Shore Bistro in Fox Point and The Knick downtown.
Amato Automotive Group of Milwaukee has acquired Nodell Cadillac-Oldsmobile at 5200 N. Port Washington Rd., Glendale. The dealership is now known as Amato Cadillac-Oldsmobile. The organization also operates John Amato Ford in Mukwonago and John Amato Oldsmobile-Mazda in Milwaukee.

SBA loans

The following loan guarantees have been approved by the U.S. Small Business Administration during November.
Affiliated Medical Resources, N168 W21700 Main St., #343, Jackson 53037, $20,000, Grafton State Bank.
America’s Bakery, 2202 E. Moreland Blvd., Waukesha 53186, $1,090,000, Allied Capital SBLC Corp.
Autumn Winds of Oakland, Airport Road, Jefferson 53523, $179,000, Wisconsin Business Development Finance Corp.
Bhupinder S. Bopairai, 105 E. Hilltop Trail, Fort Atkinson 53538, $318,000, Associated Bank South Central.
Canine Campus, 38322 Delafield Rd., Oconomowoc 53066, $291,000, First Bank of Oconomowoc.
Cardinal Ridge Supper Club, W9298 U.S. Hwy. 18, Cambridge 53523, $260,000, Cambridge State Bank.
HMR Welding, 795 Armstrong Rd., Campbellsport 53010, $15,000, Hometown Bancorp.
Carri-Jo, 1300 Capitol Dr., Ste. C, Pewaukee 53072, $95,000, Waukesha State Bank.
Come Learn With Me, 7712 W. National Ave., West Allis 53214, $53,900, M&I Marshall & Ilsley Bank.
Elite Engines, 922 Carney Ct., West Bend 53095, $269,000, Wisconsin Business Development Finance Corp.
James F. Dusenberry, OD, 117 W. Lake St., Lake Mills 53551, $140,000, The Greenwoods State Bank.
Just a Dollar, 6131 W. Lincoln Creek Dr., Milwaukee 53218, $72,000, M&I Marshall & Ilsley Bank.
Libby Montana, 5616 W. Donges Bay Rd., Mequon 53092, $900,000, Heller First Capital Corp.
Merlin’s Muffler, 5235 S. 27th St., Milwaukee 53215, $170,000, Newcourt Small Business Lending Corp.
One Stop West Allis Food Store, 5909 W. Lincoln Ave., West Allis 53219, $418,500, Wells Fargo Bank.
Panektek, 44 Zellar Court, Ste. A, Fond du Lac 54935, $100,000, Associated Bank Lakeshore.
Potter’s Optical, 555 Bayview Rd., Mukwonago 53149, $62,000, Citizens Bank of Mukwonago.
Premier Fitness, 2133 Eastern Ave., Plymouth 53073, $145,340, Community Bank & Trust.
Pro Motorsports of Fond du Lac, 727 Northwest Way, Fond du Lac 54937, $1 million, Associated Bank Lakeshore.
Quizno’s Bluemound, 19030 W. Bluemound Rd., Brookfield 53005, $150,000, Community Bank & Trust;
Robert J. and Beverly R. Gross, 1725 S. Johnson Rd., New Berlin 53146, $147,000, Wisconsin Business Development Finance Corp.
Statewide Fencing, 8310 Industrial Dr., Caledonia 53401, $180,000, Stearns Bank.
Took Craft, 1213 N. 11th St., Sheboygan 53081, $130,500, Community Bank & Trust.
Woodworks Manufacturing, 605 Devils Ln., Walworth 53184, $20,000 and $127,300, Bank One.
State loans
Two minority-owned businesses in Milwaukee have received loans from the Minority Business Development Fund through the state Department of Commerce.
The following summarizes the successful proposals:
Square One, Inc., $30,000 loan – This business will operate as a Cousins Submarine Shop. It will be the first Cousins shop in Wisconsin to be owned by African-Americans. The shop will be located on a high-traffic area of Fond du Lac Avenue near established businesses. The business will use its loan for working capital. The project will create ten jobs and leverage $254,000 in additional investment.
Transfernet USA/Mex, Inc., $22,900 loan – This company provides wire transfer transactions for individuals and businesses to financial institutions primarily in Mexico. It is expanding and modernizing is headquarters, including its computer system. The company will use its loan for equipment and related expenses. The project will create 23 jobs and leverage $75,200 in additional investment.
The Minority Business Development Fund can provide loans for business start-ups, expansions, and acquisitions and grants for feasibility studies and business plans. For further information about minority business development programs, contact Oscar Herrera, the Department of Commerce at 608-266-8380.
Leases
Irgens Development Partners of Wauwatosa has leased office space in Wood Lake III to Newark Electronics. Wood Lake III, developed by Irgens Development Partners, has more than 71,000 square feet of space and is located in the Milwaukee County Research Park in Wauwatosa. Newark Electronics will be leasing 4,100 square feet of space. Wood Lake III is the fourth building completed by Irgens in the Research Park; its fifth building is under construction. Newark Electronics is the largest small-order, high-service distributor of electronic components in North America, stocking more than 150,000 electronic parts from hundreds of manufacturers. Newark Electronics is part of Premier Farnell, which is quoted on the New York and London stock exchanges and is a global distributor of electronic and industrial components.
The Meyer Company has leased the 14,640-square-foot industrial building located at 918 Schoenhaar Dr., West Bend, from Shane Ventures, LLC. David Buckley, a broker with the James T. Barry Co., Milwaukee, brokered the transaction. The tenant intends to use the building for its expanding business while Buckley markets its former 5,600-square-foot industrial building for sale. The landlord plans to lease the remaining 17,500 square feet.
G&G Enterprises of Wisconsin, Inc., has leased the 12,000-square-foot industrial building at 904 Schoenhaar Dr. in West Bend from Shane Ventures. The James T. Barry Co.’s Buckley also brokered this deal. The tenant intends to establish a larger facility in West Bend for its Handi Care Transportation and Community Connections taxi-type service. The James T. Barry Co. is selling the three-building complex, that is now net-leased, for $1,060,000.
National Bond & Trust Co. has leased 1,100 square feet of space in Park Plaza, 15850 W. Bluemound Rd., Brookfield, according to Towne Realty of Milwaukee. The company, established in 1976, assists other firms in developing payroll deduction programs for employees to purchase U.S. Savings Bonds. It has offices around the country.
Towne Realty also announced that MC2 has leased 2,300 square feet of space in the 633 Building at 633 W. Wisconsin Ave. in Milwaukee. The company is a mobile workforce communications consulting firm. It also offers Nextel and Nextel Partners wireless communications services.
Ameritech Advanced Data Services of Wisconsin, Inc., has leased 2,534 square feet of space at 9622 S. Franklin Dr. in Franklin, according to NAI MLG Commercial of Brookfield. NAI MLG’s John Henderson represented the lessor, Rudolph Raab of Raab/MLGD. David Ames of Equis Corp. represented Ameritech Advanced Data Services of Wisconsin. NAI MLG Commercial has also announced that Save-A-Lot food store has leased 16,000 square feet of space in the Mill Road Shopping Center at 76th Street at Mill Road in Milwaukee. NAI MLG’s Denis Severinsen represented Jerry’s Enterprises of Edina, Minn., d/b/a Save-A-Lot.
Jesse Arndt, d/b/a The Sign Shop, has leased 3,750 square feet of space at 702 Rose Dr. in Hartland from Real Estate Specialists, according to leasing brokers John Czarnecki and Daniel Genzel of Wangard Partners, Wauwatosa. Wangard also announced that Engel & Engel have leased 2,227 square feet of space at 740 Pilgrim Parkway in Elm Grove. James D. and Patricia A. Williams were the lessors while Daniel Jessup of Wangard Partners was the leasing broker.
American Cable & Harness has leased 9,600 square feet of space at 16255-16351 W. Lincoln Ave. in New Berlin from The Guardian Life Insurance Co. Marc E. Schmidt and Matt Quest of Wangard Partners were the leasing brokers.

SBA loans

The following loan guarantees have been approved through the Milwaukee office of the U.S. Small Business Administration during February:
All Metal, 102 North St., Sharon 53585, $56,500;
A’Loire Salon, 730 E. Washington St., Slinger 53086, $30,000, First Bank of Oconomowoc;
Artword Advertising, Inc., 933 N. Mayfair Rd., Wauwatosa 53226, $100,000, Ridgestone Bank;
Culver’s of Muskego, $150,000, Firstar Bank Wisconsin;
Culver’s of Hales Corners, 6101A. S. 108th St., Hales Corners 53130, $400,000, Firstar Bank Wisconsin;
Damage Control & Restoration, 3303 W. National Ave., Milwaukee 53215, $80,700, Layton State Bank;
Diacar Products Co., 6814 S. 112th St., Franklin 53132, $70,000, Firstar Bank Milwaukee;
Doucette Donegan & Russell Insurance, 159 W. Garland St., Jefferson 53549, $137,000, Jefferson County Bank;
Imme Transport, Inc., 7132 Peterson Ct., Waterford 53185, $300,000, Bank One Wisconsin;
Interstate Cryogenics, Inc., 3502 66th St., Kenosha 53142, $72,500, State Bank of St. Cloud;
Marshall’s Gas-N-Goods, Inc., 209 Madison Ave., Cascade 53011, $375,000, Firstar Bank Wisconsin;
Nelson Transfer, Inc., 7769 105th Ave., Kenosha 53142, $100,000, M&I Bank of Racine;
Novels Country Inn, 229 E. Main St., Eagle 53156, $170,000, Waukesha State Bank;
Tinder Box, 479 Main St., Saukville 53080, $268,900, Grafton State Bank;
Whitewater Subway, 1185 W. Main St., Whitewater 53190, $182,250, The First Citizens State Bank of Whitewater.
April 1998 Small Business Times, Milwaukee

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
BizTimes Milwaukee

Holiday flash sale!

Limited time offer. New subscribers only.

Subscribe to BizTimes Milwaukee and save 40%

Holiday flash sale! Subscribe to BizTimes and save 40%!

Limited time offer. New subscribers only.