20140526-NEWS--0001-NAT-CCI-CD_-- 5/23/20146:06PMPage1 ©Entire contentscopyright2014byCrainCommunicationsInc.Allrightsreserved Market? Condos,Page5 What’s growinginEastern investment isonitsway Chase: $100MDetroit ‘one-stop shop’forservices Haven’s newhaven:A kind ofcarepatientsprefer Henry Fordtostudywhat Career NowLLC $250,000 inRoyalOak-based its 10thdeal,investing Monday thatithasclosedon Chrysler LLC Sorda, theformerCEOof founded lastyearbyTomLa- LP what theyaredoing,”hesaid. reer Nowisprofitable. tor SimonBoag.HesaidCa- according tomanagingdirec- good exceptiontotherule, companies butsawthisasa startups orveryearly-stage assistants andculinaryarts. out tocosmetology,medical cial driversandhasbranched for schoolsthattraincommer- to getapipelineofstudents was launchedthreeyearsago students totradeschools.It in tradeschoolsrecruiter IncWell invests$250,000

NEWSPAPER www.crainsdetroit.com Vol.30,No.21 Inside This JustIn Page 3 Birmingham-based “We’re reallyexcitedabout Normally, IncWellfunds Career Nowhelpsrecruit , aventurecapitalfund — TomHenderson , willannounce . IncWell tury revealshowdramaticallytheros- Southeast Michiganoveraquarter-cen- moves bythebigpubliccompaniesin ket reactionandbusinessstrategy deals. lowed upinM&Aandrestructuring Industries die.Iconicbrandsgetswal- Industries change.areborn. CEO BobPaulthinkstheywill. things playoutthewayPresidentand into twoseparatepubliccompanies,if Compuware Corp. mance, anddiagnoseproblems,ofits large companiesmonitortheperfor- ment (APM)business,whichhelps applications performancemanage- continue itsfocusonfast-growing puware sinceitwasfoundedin1973. business thathasbeenthecoreofCom- would runthemainframesupport next March31. the endoffiscalyear2015,whichis 25 yearsreshufflenames,industriesonpubliccompany list Paul growing onother on oneside;fast- High-margin biz company splitinFY’15 Compuware CEOsees A reviewofthesegmentshifts,mar- In business,25yearsisaneternity. At aquarterlyconferencecallwith By thistimenextyear,Detroit-based Compuware (Nasdaq:CPWR)will The new,as-yet-unnamedcompany CRAIN’S DETROITBUSINESS B CRAIN’S DETROITBUSINESS B Y Y T T OM OM See Compuware,Page18 H H will havebeensplit broken intotwoby have thecompany saying heplansto Crain’s interview with inite inafollow-up a split. he wasconsidering Thursday, Paulsaid markets closed analysts afterthe ENDERSON ENDERSON He wasmoredef- on Friday, MAY 26–JUNE1,2014 ATTORNEYS ATLAW have beenspunoffintoaseparatecompany. A yearfromnow,Compuware’scorebusinessofmainframesupportmay lated byastrongershowingofautocom- lic companiesthesedays,andit’spopu- 1989. when weren’t evenanideainabusinessplan Chrysler one ofthesebusinesslifecycles.Think sometimes havegonethroughmorethan were acquiredorwentbankrupt— ter hasevolved. Fewer banksareonthelistoftoppub- Still otherswerefledglingupstartsor Many companiesweretakenprivate, Crain’s , Arbor DrugsInc. began thesereportsin XXX What canyou dotoday to stay aheadofthecurve? I-69 Auto Suppliers Forum and Kmart Corp.  July 15 (see page2) ples are spite therecentdownturn.Primeexam- 1989 andhavegrowntheirbusinessde- pliers intownthatwentpublicsince panies —includingsevenofthebigsup- sors Inc. David, COOofChicago-based business istotallydynamic,”saidRick Manufacturing HoldingsInc. ican Axle& Only eightofthe25companieson “The changesinthelistshowhow Lear Corp. WIKIPEDIA , Visteon Corp. See List,Page20 awarded beforeJanuary,andthe Recruiting Command the Millington,Tenn.-based Snyder, publicaffairsofficerfor have anygaps,”saidCmdr.Wendy term deal. made laterthisyearonthelong- front ofthepublicuntiladecisionis Navy hasrecruitingadvertisingin contract aimedatensuringthe last defenseofit,in2009. dated reviewaftertheagency’s 2000, butthedealisupforaman- ing advertisingcontractsince marketing work. million forayearofrecruiting contract extensionworthupto$85 Lowe CampbellEwald Detroit-based advertisingagency of Navywork of upto$85M wins extension Campbell Ewald review. contract since2000,butthat’supfor U.S. Navy’srecruitingadvertising Lowe CampbellEwaldhashadthe The long-termcontractwillbe The awardlastweekisabridge LCE hashadtheNavy’srecruit- The “We wanttomakesurewedon’t and UHY Advi- CRAIN’S DETROITBUSINESS U.S. Navy Amer- COURTESY OFLOWECAMPBELLEWALD B Y AND Crain’s Crain’s IPO market, jumping backintothe companies are years, more After severalsilent M Pages 13-14 traded companies, Michigan publicly B ILL R ZEROS ORE $2 acopy;$59year has awardedthe IPO See Navy,Page21 S . WNJ.com list: Southeast HEA S a short-term Page 11 Navy ® 20140526-NEWS--0002-NAT-CCI-CD_-- 5/23/2014 4:29 PM Page 1

Page 2 CRAIN’S DETROIT BUSINESS May 26, 2014

MICHIGAN BRIEFS Mary Free Bed in GR to become Flint’s population has fallen below 100,000 for the first time since the teaching hospital for MSU Italian supplier Brembo accelerates Mich. brake biz 1920s, MLive reported. Mary Free Bed Rehabilitation Hos- Plans are in the works to build pital will become a research and The Italian automotive supplier Brembo SpA an- European markets continue to recover from stagna- an agricultural museum in Bliss- teaching hospital under an agree- nounced last week the $115 million expansion of its tion. field, about 55 miles southwest of ment with Michigan State University, brake component plant in Homer, about 35 miles In North America, Brembo does considerable Detroit, The Daily Telegram of MiBiz reported. southeast of Battle Creek. Brembo — which makes business with Chrysler Group LLC — its biggest cus- Adrian reported. Leaders for Mary Free Bed and brakes for Ferrari, Porsche and Formula One race tomer in the region — as well as Ford Motor Co. and An Ionia County Circuit Court jury MSU’s College of Human Medicine say cars — is developing a major presence in North General Motors Co., along with traditional European found Marti Schrauben, the former the relationship enables the two to America. customers such as Germany’s luxury brands. owner of funeral homes in the coun- jointly recruit researchers in reha- The Homer plant now can produce up to 12.5 mil- Brembo began manufacturing disc brakes in the ty, guilty in a case that accused him bilitative care, opens access to lion brake discs and 400,000 calipers and corner U.S. after buying the Hayes-Lemmerz discs division, of creating false death certificates greater research funding and could modules annually, up from 10 million discs and which included the Homer plant. The plant has un- and stealing about $500,000. lead to improvements in best prac- 300,000 calipers and corner modules last year. dergone several expansions since then. MLive.com reports that Tay- tices for treating patients and the In an interview with Automotive News, company The combined 440,000-square-foot plant employs lor and Brad Vannatter of Tra- development of new treatments. executives predicted that North America will be- more than 450. It has 47 processing lines and 12 verse City plan to open several The announcement comes as come Brembo’s biggest global market this year, as painting lines. “charity-based restaurants” in the Mary Free Bed undergoes a major Grand Rapids area this year. Brad expansion on its campus southeast Vannatter, who owns eight Fantasy of downtown Grand Rapids and ex- uninterrupted thought.” nounced three projects expected to search, education and marketing, Unlimited adult toy shops, plans to periences strong volume growth Translation for fellow intro- bring 171 jobs and $6.8 million in The Associated Press reported. call the new venture The Bigger through a statewide care network. verts: They won’t leave us alone. investment to West Michigan. Grand Rapids-based Warner Meaning Restaurant. It’s probably A report released last week by Norcross & Judd LLP has opened an expecting too much to expect the Oxfam International, a relief and de- office in Kalamazoo, the Grand bar to feature a drink called “The Steelcase to produce furniture MICH-CELLANEOUS velopment organization, said Battle Rapids Business Journal reported. Double Entendre.” tailored to the taciturn Timothy Stoepker, the attor- Creek-based Kellogg Co. has one of Grand Rapids-based Crystal ney at the center of Meijer Inc.’s cam- the worst records among the biggest Flash purchased the home heat divi- Find business news from Fast Company magazine reports paign finance scandal in Northern food and beverage companies in ad- sion of Brenner Oil Group, a Holland around the state at crainsdetroit that Susan Cain, author of Quiet: Michigan, was cleared of wrongdo- dressing climate change, the Grand fuel distributor, MLive.com report- .com/crainsmichiganbusiness. The Power of Introverts in a World ing after the state Attorney Discipline Rapids Business Journal reported. ed. It is the eighth acquisition for Sign up for the Crain’s Michi- That Can’t Stop Talking, is work- Board dismissed a complaint, But the publication DiversityInc. the fuel distributor since 2012. gan Morning e-newsletter at ing with Grand Rapids-based fur- MLive.com reported. Stoepker was ranks Kellogg No. 31 on its list of the The latest census estimate says crainsdetroit.com/emailsignup. niture manufacturer Steelcase Inc. accused of lying during a 2007 depo- “Top 50 Companies for Diversity.” to introduce a series of work space sition about the role that Walker- While some state growers have products tailored to introverts. based Meijer played in a failed re- voted to pay more assessments on Fast Company quotes Cain as say- call effort of Acme Township their crops to promote their indus- CORRECTION ing that there’s a “myth of what a leaders who opposed its store there. try, Michigan’s corn producers re- A story on Page 21 of the May 19 issue about the Renaissance Venture team player is — introverts want The Right Place Inc., the Grand jected a proposal to raise their as- Capital Fund inaccurately said the McGregor Fund is part of Wayne State to do great work for the greater Rapids area’s economic develop- sessment from 1 cent a bushel to 2 University. It is an independent foundation. good, but they need a place to have ment organization, last week an- cents to generate revenue for re-

at Comstock Inn ConferenceJuly Center 15

I-69 Automotive Suppliers Forum What can you do today to stay ahead of the curve?

Tuesday, July 15, 5:30-8:00 PM Comstock Inn Conference Center, 300 E. Main St., Owosso, MI

Nigel Francis, Glenn Stevens, ~
Michigan’s Comprehensive Strategic Road Map to Promote, Retain and Grow MEDC MICHauto the Automotive Industry in Michigan Keynote presentation by Nigel Francis, Michigan Economic Development Corporation (MEDC)

~
“Ahead of the Curve” Panel Discussion featuring Nigel Francis (MEDC), Glenn Stevens (MICHauto and Detroit Regional Chamber), John Adrich (Machine Tool & Gear), Tom Manganello (Warner Norcross & Judd) and Kurt Brauer (Warner Norcross & Judd)

~
Q&A and Networking with I-69 automotive supply executives and automotive-focused John Aldrich, Tom Kurt Brauer, attorneys Machine Manganello. Warner Tool & Gear Warner Norcross Norcross & Judd & Judd

Who should attend? Presidents, CEOs, CFOs, Purchasing Directors, Sales Directors and other senior executives. Auto suppliers and other manufacturers welcome. Register Now! Space is limited. This is a complimentary event. Cocktails and hors d’oeuvers included. http://wnj.com/i69Auto2014 or contact Lori Tuttle Measure at [email protected] 616.752.2492

A BETTER PARTNERSHIP® WNJ.com 20140526-NEWS--0003-NAT-CCI-CD_-- 5/23/2014 6:12 PM Page 1

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 3 Study’s goal: What do patients want? Inside

want to make Johnson said one of the main Henry Ford seeks to learn how their own treat- practical goals of the Henry Ford ment decisions research will be to provide physi- or work with cians, advanced practice nurses people prefer to be cared for physicians to and other providers with informa- develop a cus- tion on how to discover patient BY JAY GREENE “There is a lot of work out there tomized plan preferences. These preferences CRAIN’S DETROIT BUSINESS saying patients should be partners that fits their need to be identified on the level with physicians and make deci- needs. that the patient wants to be in- Traditional health care delivery sions together for their health “We need to volved in their care. starts with a patient complaint or care, but some patients don’t want Johnson figure out ways Created by a five-year, $5 mil- injury, a medical evaluation and to be partners. They want the to help physi- lion grant from the federal Agency then a treatment plan. physician to tell them what to do,” News about B Spot, other cians find out what patients want, for Healthcare Research and Quality, said Christine Cole Johnson, new But research just underway at and give them care that way,” said Henry Ford’s new patient out- eating spots, Page 4 director of Henry Ford’s Center for Henry Ford Health System in Detroit Johnson, an epidemiologist who comes center will study ways to Patient-Centered Outcomes Research. could lead to more patient or fami- also is chairwoman of the system’s improve patient interactions in ly involvement before a physician On the other hand, Johnson department of public health sci- recommends treatment. said, a growing number of patients ences. See Study, Page 19 Company index These companies have significant mention in this week’s Crain’s Detroit Business: Alchemists Collective ...... 10 Ally Financial ...... 11 AutoWeb ...... 10 B Spot Burgers ...... 4 BAE Systems ...... 6 Bedrock Real Estate Services ...... 10 Big Rock Chophouse ...... 4 Blue Cross Blue Shield of Michigan ...... 15 Career Now ...... 1 Center for Patient-Centered Outcomes Research . . . 3 Chrysler Group ...... 11 City Living Detroit ...... 5 Compuware ...... 1 Conway MacKenzie ...... 7 Covisint ...... 11, 18 Detroit Land Bank Authority ...... 22 Dickinson Wright ...... 11 Diversified Holdings ...... 12 Donnelly Penman & Partners ...... 20 Educational Achievement Authority ...... 16 COURTESY OF HAVEN INC. EnvisionTEC ...... 12 Haven Inc.’s $8 million shelter complex in Pontiac, scheduled to break ground in June, will have more beds for victims of domestic violence. Esperion Therapeutics ...... 11 FD Lofts ...... 5 Federal-Mogul ...... 7 General Dynamics Land Systems ...... 6 General Motors ...... 18 Griffin Claw Brewing ...... 4 A ‘one-stop shop’ for Haven Haven ...... 3 Henry Ford Health System ...... 3 BY SHERRI WELCH “It’s really Honigman Miller Schwartz and Cohn ...... 11 Huron Valley State Bank ...... 11 CRAIN’S DETROIT BUSINESS Pontiac domestic violence shelter plans hard with mod- ern technology IncWell ...... 1 Haven Inc. plans to break ground to be hidden Invest Detroit ...... 3 on an $8 million shelter complex in multiple services; construction in June anymore with Loomis Styles ...... 20 Pontiac in June. GPS and Google Lotus Bancorp ...... 5 Lowe Campbell Ewald ...... 1 The new site will expand the maps,” she said. New Economy Initiative ...... 22 number of beds in its emergency 30-year history. sit on the property and the doors “The other ProNAi Therapeutics ...... 12 shelter for victims of domestic vio- The complex at Telegraph Road and windows, are around ... how to part is that I lence and sexual abuse and pro- and Vanguard Drive will be highly make sure the site is safe for every- Quicken Loans ...... 10 think now the Robinson Capital ...... 20 vide space to bring other support- visible but built with safety in one who comes there.” Morrison community is Talmer Bancorp ...... 11 ive services on-site. mind, Haven President and CEO Domestic violence shelters more ready to ... Beth Morrison said. around the country have increas- TechTown ...... 22 It will also pull back the curtain (address) domestic violence, which Together Health Network ...... 15 of secrecy around the shelter’s lo- “All of the decisions made, from ingly gone to public locations, Mor- design to where the building will rison said. Turning Point ...... 22 cation for the first time in Haven’s See Haven, Page 22 University of Michigan ...... 18 Urban Life Development ...... 5 Vernier Holdings ...... 5 Chase on $100M investment: ‘Money will be flowing soon’ Wolfgang Puck Fine Dining Group ...... 4

BY TOM HENDERSON which is affiliated with Business money and they didn’t have the thropy for the nation’s largest CRAIN’S DETROIT BUSINESS Leaders for Michigan, and Arling- staff to disperse it,” said Peter Sch- bank. He is also chairman of the Department index ton, Va.-based Capital Impact Part- er, who as executive vice president Chase Foundation, which will be BANKRUPTCIES ...... 6 J.P. Morgan Chase & Co. plans to ners. Both are certified by the U.S. and head of corporate responsibili- writing checks for just over half of finish loan documents in the next Treasury as community develop- ty for Chase will be the executive the $100 million. BUSINESS DIARY ...... 17 few weeks for the $40 million in be- ment financial institutions, which managing the five-year program, While the money for Invest De- CALENDAR ...... 17 low-market-rate money it will put targets markets underserved by which was announced to much troit and Capital Impact will come CAPITOL BRIEFINGS...... 16 into commercial and industrial de- traditional financial institutions. fanfare last week. from New York City-based Chase CLASSIFIED ADS ...... 18 velopment in Detroit, as part of its Each organization will also get a “Money will be flowing soon. Bank and not the foundation, the KEITH CRAIN...... 8 $100 million economic investment $5 million grant from the Chase We want to get this money out into loans are well below market rate, plan for the city. Foundation to augment staffing. the community as soon as possi- according to David Blaskiewicz, LETTERS...... 8 The money will be divided be- “We didn’t want to be in a posi- ble,” said Scher, who oversees gov- MARY KRAMER ...... 9 tween Detroit-based Invest Detroit, tion of giving them a bunch of ernment relations and philan- See Chase, Page 22 OPINION ...... 8 OTHER VOICES ...... 8 The spirit moves them PEOPLE ...... 17 THIS WEEK @ Five women are mixing it up to give vodka a Detroit RUMBLINGS ...... 23 flavor. Read more about the Our/Detroit distillery at WEEK ON THE WEB ...... 23 WWW.CRAINSDETROIT.COM crainsdetroit.com

ANJANA SCHROEDER/CDB 20140526-NEWS--0004-NAT-CCI-CD_-- 5/23/2014 4:31 PM Page 1

Page 4 CRAIN’S DETROIT BUSINESS May 26, 2014 B Spot to open in Royal Oak; restaurants name chefs; Griffin Claw makes changes

BY ANJANA SCHROEDER vate dining fa- Jacob Williamson has worked for SPECIAL TO CRAIN’S DETROIT BUSINESS cility, The Re- Wolfgang Puck Fine Dining Group serve, and all restaurants since 2009. He will man- While Iron Chef Michael Symon’s off-site catering, age purchasing, B Spot Burgers was set to open in along with a budgeting, staff- Rochester Hills on Saturday, plans team of 30 that ing and schedul- BUSINESS CONDITIONS CAN CHANGE for a second metro Detroit location he will train ing for both AS QUICKLY AS THE WEATHER. are already in the works. and manage. restaurants at General Manager Frank Ritz told His cooking the MGM Grand Crain’s that the lease has been philosophy fo- Detroit. He suc- We can help. When businesses face the changing demands of signed for a downtown Royal Oak Fitchett cuses on natural, ceeds Chef Marc growth, purchasing goods, or making payroll, they require a strong, location; construction is expected seasonal, local Djozlija, who yet flexible solution. Our asset-based lending solutions can be the to start this summer, with an open- and healthy ingredients, according plans to open a answer ... whatever the climate. ing scheduled for mid- to late fall. to a statement from the restaurant. restaurant this Meanwhile, the Rochester Hills Fitchett, 34, started in the busi- Williamson summer called B Spot Burgers, which Symon has ness washing dishes and making Wright & Co. in the Wright Kay build- Contact me today! called a casual toast at Johnson’s Family Restaurant ing at Woodward and John R in De- 888.999.8050 version of his in Canton Township, where he grew troit. Roast restau- Matt Dekutoski up, before earning his culinary de- Williamson, a Dallas native, at- rant at the West- gree from Schoolcraft College. tended the French Culinary Institute in Book Cadillac in New York, where he also served Detroit , was to as the head line cook at Vong by open Saturday Wolfgang Puck restaurants Jean-Georges Vongerichten. Be- in the Village of have new executive chef fore coming here, he was sous chef Rochester Hills at The Source in Washington, D.C. outdoor shop- In other chef news, Wolfgang ping center at Puck Steak and Wolfgang Puck Anjana Schroeder: Symon TheThe 176 N. Adams Pizzeria & Cucina have named a new [email protected]. Twitter: Road. The restaurant seats 100, in- executive chef. @anjanaschroeder cluding the bar and patio, and does not take reservations. The burger menu includes the GO TO Yo! Burger, which won best burger at SoBe in 2010, 2011 and 2012, with fried salami, capicola, hot peppers, advisors for shasha sauce and provolone cheese; and the Fat Doug, topped automotive suppliers with coleslaw, pastrami, stadium mustard and Swiss cheese for $8.99. The challenges are greater than ever. We have the business Hours are 11:30 a.m.-10:30 p.m. and legal experience to create comprehensive solutions. Monday through Thursday, 11:30 We are your GO TO team. a.m.-11 p.m. Friday and Saturday, and 11:30 a.m.-9 p.m. Sunday. Beer production to nearly double at Griffin Claw While vodka and gin, made in- McDonald Hopkins PLC house, are now on the drink menu 
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#FBDI the space where the Birmingham restaurant had planned a vodka bar. mcdonaldhopkins.com Carl J. Grassi, President Griffin Claw spokesman Scott LePage said a planned vodka bar will now be the home of a to-be-deter- mined number of beer kettles that will nearly double beer production. The Birmingham taproom, bier- garten, brewing and distributing facility opened in April 2013. With- in the 12,000-square-foot brewery, Coming Fall 2014 at 575 S. Eton St., is a distillery for making vodka, gin, rye, whiskey, bourbon and absinthe; all opera- Bachelor’s & IS YOUR TEMPORARY tions are managed by Dan Rogers, the head brewer and director of brewing operations. Master’s Degrees LABOR PROVIDER Retail release of the spirits is in the works and should be available CHARGING YOU within four months, said LePage. in Livonia New executive chef via The University of Toledo A FAIR RATE? at Big Rock Chophouse and Wayne State University Over at Griffin Claw’s sibling restaurant, Big Rock Chophouse, a new executive chef is focusing on For more information visit: Get a free assessment at: local, seasonal ingredients. www.schoolcraft.edu/sctou Matthew Fitchett, who most re- or call (734) 462-4426 cently worked as executive chef at Café Zinc, a French bistro at the H www.parrymurphy.com/templabor.html Hotel in Midland, succeeds execu- tive chef Brian Henson, who is now working for the Detroit Golf Club. Fitchett will be in charge of op- erations at the chophouse, its pri- 20140526-NEWS--0005-NAT-CCI-CD_-- 5/23/2014 5:48 PM Page 1

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 5 Eastern Market apartments turn condo; sale market called strong

BY KIRK PINHO CRAIN’S DETROIT BUSINESS Investors pay up to $2 million Robert Heide is betting that a $1 million conversion of a historic former Detroit Fire Department for Library St. office building training facility and maintenance garage in the Eastern Market area BY KIRK PINHO from apartments into loft-style CRAIN’S DETROIT BUSINESS condominiums will be a hot prod- A 15,000-square-foot office build- uct on the city’s residential real es- ing on Library Street in Detroit’s tate market. central business district has sold Open houses of the 30-unit FD to a group of investors that in- Lofts for potential buyers begin cludes Paul Huth, president and Saturday. owner of Detroit-based Huth Lynett. Among the improvements on Huth said the group paid be- the units, located at 3434 Russell tween $1.6 million and $2 million St. just south of Mack Avenue, are for the four-story building, which stainless steel appliances, polished had been on the market for about and sanded concrete floors, new five months. The asking price was sink fixtures and full-size washers $1.95 million, according to Wash- and dryers, said Brian Giles, man- ington, D.C.-based real estate in- aging broker and co-developer of formation service CoStar Group Inc. COSTAR GROUP INC. FD Lofts. The building, at 1260 Library A four-story, 15,000-square-foot Units include a 523-square-foot at the corner of East Grand River office building in Detroit’s central business district has sold to a studio for $124,800; a one-bedroom Avenue and just northwest of the group of investors. unit with 1,199 square feet for new garage The Z, was construct- $199,800; and a two-bedroom, two- ed in 1926 and renovated in 2011, the leasing on the building. Curis bathroom unit with 1,827 square according to CoStar. leases the third and fourth floors. feet and a private outdoor terrace “Everything is brand-new,” No brokerage firms were in- for $329,800. Huth said. “It’s probably one of the volved in the sale, Huth said. An existing parking lot with 23 nicest buildings I’ve seen in the The Library Street building is spaces will also be expanded to 60 ROBERT HEIDE city.” the second that Huth and his in- spots, Heide said. The historic former Detroit Fire Department training facility and maintenance It was sold on May 6 by Vernier vestment partners, who he said Total investment in the project garage in Eastern Market is being converted from apartments to condos. Developer Holdings LLC, an entity registered to are “nonlocal” but declined to was $5 million, which came from Robert Heide said he expects all of the units to sell by the end of the year. Detroit-based developer Michael name, have purchased down- state and federal historic tax cred- Curis, according to CoStar. town in the last year. its, brownfield tax credits, equity for-sale market is,” Black said. projects at different price points is The first floor is retail space They purchased the 18,500- and a bank loan, said Heide, the “It’s the first for-sale (housing) a good thing.” with the florist Blumz and the Li- square-foot building at the north- owner of Urban Life Development LLC product in Eastern Market, and Open houses will be Saturdays brary Street Collective art gallery west corner of West Congress as tenants. The 4,000-square-foot and Yorkshire Construction Co. in the timing is great because of all from 9 a.m. to 2 p.m.; 11 a.m. to 4 Street and Cass Avenue in April second floor is vacant loft/office Eastern Market. the activity going on there.” p.m. on Sundays; and 1 p.m. to 6 2013 for about $1 million, Huth space, according to a marketing The condo market in and Heide, who bought the building p.m. Tuesdays. said. around downtown is nowhere near in 2002 from the city, said the plan brochure by Detroit-based Klug- Kirk Pinho: (313) 446-0412, Kirk Pinho: (313) 446-0412, as large as the apartment market, was always to convert the apart- man Commercial Properties LLC, [email protected]. Twitter: according to data from Washing- ments into condos. [email protected]. Twitter: the real estate company doing @kirkpinhoCD ton, D.C.-based real estate infor- “We are seeing people want to @kirkpinhoCDB mation service CoStar Group Inc. make that commitment to pur- There are just 466 condo units in chase in the city,” Heide said. downtown, Midtown and the East- “Mortgage lenders are lending for ern Market district compared to buyers again, and the progressive 8,050 apartment units, according banks are financing projects to CoStar. Both the condo and here.” In Memory of our Leader and Mentor apartment markets have occupan- He said he expects all the units cy rates in the high 90s. to sell by the end of the year. Austin Black II, president of City Black thinks that’s likely. Jerome L. Schostak Living Detroit, a real estate broker- “There is a good market for the age firm, said demand for for-sale entry level, the moderately priced housing is outpacing the supply. and the very high-end units,” 1933 - 2014 “I think a lot of developers don’t Black said. “We need a lot more de- really understand how strong the velopers, and I think doing smaller For over 60 years, Jerry’s visionary leadership, innovation, integrity and passion for excellence have Lotus Bancorp shareholders keep influenced and inspired all who knew him. members of board despite lawsuit His example of extraordinary generosity spans generations. While helping others, he has A shareholder revolt fizzled out the bank being treated unfairly. Thursday at the annual meeting of At the heart of the case are emails made a lasting impression on our community and Novi-based Lotus Bancorp Inc. sent by Bauer and Searle in 2010. In Emails had been circulating, one, Bauer refers to bank board in the lives of so many individuals. urging shareholders to vote members as “chimps,” and in an- against the re-election of President other, he said: “I will leave you with Neal Searle and former Chairman this sage advice from General We will continue to honor the legacy that Jerry Jitendra Patel to the board. Custer and most Pakistanis: The About 57 percent of shares were only good Indian is a dead Indian.” created for the Schostak Family Enterprises. voted, and of that, only 9.7 percent The bank was founded in 2007 to voted against their re-election, ac- serve the needs of the local Asian cording to one of the dissident Indian business community. Most shareholders who had been urging of those who invested in the bank Jerry, we’ll miss you deeply. a “no” vote, who asked not to be were of Indian descent and most of named. its board members are Indian. The action grew out of an ongo- Patel was targeted by dissident ing lawsuit in Oakland County Cir- shareholders because he declined cuit Court that alleges that racist to fire the two when he was chair- attitudes toward Asian Indians by man of the board and defended Searle and bank CFO Richard them in an article in Crain’s. Bauer resulted in two customers of — Tom Henderson 20140526-NEWS--0006-NAT-CCI-CD_-- 5/23/2014 4:32 PM Page 1

Page 6 CRAIN’S DETROIT BUSINESS May 26, 2014 GDLS to decide this week on court challenge to AMPV bidding

BY CHAD HALCOM er of tanks, armored personnel it would decide whether the courts “Right now, all options are still May 28 and expects to make a deci- CRAIN’S DETROIT BUSINESS transports and other military were an appropriate option before on the table.” sion on them in early 2015. ground vehicles and components the bidding deadline this Wednes- The AMPV contract could be General Dynamics and BAE Sys- General Dynamics Land Systems filed a protest in February regard- day. Pete Keating, vice president of worth at least $5 billion to replace tems Inc., which maintains its will make a last-minute judgment ing that vehicle, a proposed re- communications at GDLS, said the more than 2,900 M113s for the Heavy Brigade Combat Team busi- call this week on whether to let the placement for the Army’s massive matter was still pending late last Army’s primary armored force and ness unit in Sterling Heights, are bidding process go forward on the and aging fleet of M113 tracked week. possibly around $12 billion if the expected to submit bids on the U.S. Army’s proposed Armored personnel vehicles. “It’s under review, and we know Army replaces every such vehicle AMPV program. But GDLS has con- Multi-Purpose Vehicle or put up a The U.S. Army Materiel Command we’re not going to make any deci- in service, industry experts have tended the bid selection process is challenge to it in court. in Alabama denied that protest in sion until after the Memorial Day estimated. stacked in favor of BAE, which pro- duced the M113. The Sterling Heights-based mak- March, and the company has said holiday,” he said. Tacom will receive bids until Other prime contractors, includ- ing Navistar Defense, Lockheed Mar- tin Corp. and Raytheon Co., attended conferences by the Army on AMPV and had shown interest in

HAWKER 800XP the contract. But Lockheed and Navistar told Crain’s last week they’ve reviewed the vehicle specifications and now expect they will pass on bidding for AMPV. Representatives at Oshkosh and Raytheon did not return phone FINANCIAL SOLUTIONS calls. BAE has said that the AMPV so- BUILT ON GENERATIONS OF TRUST licitation has been two years in NEW ARRIVALS coming and that the Army has made several adjustments based FRACTIONAL AND MANAGED BUSINESS AVIATION PROGRAMS. • Insurance on industry feedback to allow “the SERVING ALL SOUTHEASTERN MICHIGAN. broadest number of competitive • Employee Benefits offerings possible” on AMPV. The M113, built by BAE and dis- • Retirement Planning continued in 2007, first entered production in the 1960s. Chad Halcom: (313) 446-6796, [email protected]. Twitter: 535 Griswold Street, Suite 1600 • Detroit, MI 48226 • www.lovascogroup.com • 313.394.1700 @chadhalcom A Member Firm of M Financial Group.

CORPORATEEAGLE.COM Registered Representative with M Securities: Securities offered through M Holdings Securities, Inc., A Registered Broker/Dealer, Member FINRA/SIPC. LoVasco Consulting Group is independently owned and operated. Crain’s hires new research, data editor

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BANKRUPTCIES The following businesses filed for pro- tection in U.S. Bankruptcy Court in De- troit May 16-23. Under Chapter 11, a company files for reorganization. 248.731.9500 | WWW.SCHECHTERWEALTH.COM | BIRMINGHAM, MI | NEW YORK, NY Chapter 7 involves total liquidation. A&F Minimart Inc., 46555 Van Dyke INVESTMENT ADVISORY & ADVANCED LIFE INSURANCE DESIGN Ave., Shelby Township, voluntary Chapter 11. Assets and liabilities not Securities may be offered through NFP Securities, Inc. (NFPSI), Member FINRA/SIPC. Investment Advisory Services may be offered through NFPSI or Schechter Investment available. Advisors, LLC. Schechter Investment Advisors, LLC. and NFPSI are not affiliated. Review Systems Inc., 3260 Coolidge Highway, Floor 2, Berkley, voluntary Chapter 11. Assets: $371,523.71; liabili- ties: $528,361.62. — Bridget Vis 20140526-NEWS--0007-NAT-CCI-CD_-- 5/23/2014 4:28 PM Page 1

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 7 There’s no faster construction Fed-Mogul to rename aftermarket than precast construction. Proof: 26 Cherry - Grand Rapids, MI unit, promote quality of products 41,000sf of hollowcore with metal studs fully installed in 37 days. BY DUSTIN WALSH The move coincides with Federal- company board, under Icahn’s CRAIN’S DETROIT BUSINESS Mogul’s plan to open two 500,000- push, split the diversified auto parts square-foot distribution centers in supplier in two. It appeared a calcu- Federal-Mogul Holdings Corp. is Southern California and New York, lated move to sell at least one of the looking to take back the aftermar- which was announced in an earn- businesses in the private equity ket through a new branding and ings call earlier this month. feeding frenzy of the post-recession. education campaign. Shares of Federal-Mogul (NYSE: Yet the deals never transpired. The Southfield-based automotive FDML) dropped last month after And it seems Icahn is focusing en- parts supplier is renaming its after- disappointing earnings in the first ergy and capital to growing its af- market division Federal-Mogul Motor- quarter, falling as much as 12 per- termarket business into an inter- parts and hiring traveling technical cent. The supplier reported first- national juggernaut with a staff to inform customers about qual- quarter net income of $40 million, mainline to his oversight. ity differences in the aftermarket. or 27 cents a share, versus a loss of In February, Ninivaggi became Daniel Ninivaggi, CEO of the af- $34 million, or 34 cents, a year earli- the third co-CEO in less than two termarket division and co-CEO of er, but missed analyst expectations. years. He replaced Kevin Freeland, the holdings company, said Federal- Aftermarket revenue increased who left for personal reasons, the Mogul brands Moog, Fel-Pro, Cham- only 0.8 percent, and its original company said in a statement. Free- pion, Wagner, equipment sales rose 11 percent. land was hired in May 2013. ANCO and Fero- Its aftermarket revenue made up Ninivaggi had been president do have fallen 43 percent of its business in 2013, and CEO of New York City-based victim to poorly compared to 48 percent in 2002, Icahn Enterprises LP since 2010. made Chinese which may be a problem given the In April, Federal-Mogul Corp. be- parts sold at big- strength of the U.S. aftermarket. came a subsidiary of the newly box auto parts Ninivaggi said the push will formed holding company after it stores. make a meaningful difference in completed a transaction to convert “The aftermar- the aftermarket division sales. stocks. The company, and its Mo- ket has seen an “We have lost sales, significant torparts and original-equipment increase in poor Ninivaggi sales, over the last five years, be- divisions, is now the operating quality, non- cause of the migration from premi- unit of the holdings company. brand parts, especially in the last um to cheap products,” he said. Federal-Mogul has long strug- five years,” Ninivaggi said. “We, the “Our goal is to regain those sales.” gled with profitability. It reported industry, haven’t done a good job The rebranding is one of many net income of $93 million on rev- telling the public about our parts, changes in recent years. enue of $6.8 billion in 2013, its first KERKSTRA PRECAST about the quality and safety differ- For years, rumors circulated of profitable year since 2010. Contact us to learn more about using hollowcore & metal studs. ences.” activist investor Carl Icahn’s desire Dustin Walsh: (313) 446-6042, Federal-Mogul hopes to secure a to sell his majority stake in Federal- [email protected]. Twitter: www.kerkstra.com larger portion of the growing U.S. af- Mogul (Nasdaq: FDML). In 2012, the @dustinpwalsh termarket business. The U.S. auto- motive aftermarket is forecast to grow on an annual rate of 3.4 per- cent through 2017, according to a joint review by the Automotive After- market Suppliers Association and the Auto Care Association. Total aftermar- M&A Experience ket sales are projected to grow from $238.4 billion in 2013 to $273.4 billion in 2017, according to the group. ® Fred Hubacker, managing direc- In Your Corner. tor of Birmingham-based turn- around firm Conway Mackenzie Inc., said the rebranding is the right strategy for the company, but it ■ Experienced in M&A, negotiated transactions, comes down to execution. securities, joint ventures, strategic alliances, and “The aftermarket business, in corporate fi nance, structure and governance. general, is strong, and it’s a problem Strong concentration in business taxation. that they haven’t participated in that growth,” he said. “The question ■ Works with domestic and foreign companies in remains of whether the customer is the automotive, manufacturing, pharmaceutical, concerned with price or brand and quality, but if they want to improve fi nance, health care and high tech industries. the margins, they need to convince ■ In Your Corner. people there’s a difference.” The restructuring of the division will also include a new technical education program for customers. Federal-Mogul plans to hire 30 tech- nicians from metro Detroit who will travel the U.S. to educate in- stallers and sales outlets on the company’s products. The group will be hired and trained over the next three to six months. “We used to train installers, but as the AutoZones and O’Reillys took over, they began to train them. When we lost that connection, cus- tomers began converting to private- label, cheap products,” Ninivaggi said. “There’s no easy way for con- sumers to tell which parts are high- er quality, so we’re going to engage the installers directly and commu- First Tier Ranking in Corporate Law and nicate about our quality.” Commercial Litigation A new commerce and instruc- tional website for its products will ■ Metro Detroit ■ Grand Rapids ■ Kalamazoo ■ Grand Haven ■ Lansing Contact Kevin DiDio at [email protected] be completed in the next 12 months, Ninivaggi said. 20140526-NEWS--0008-NAT-CCI-CD_-- 5/23/2014 6:07 PM Page 1

Page 8 CRAIN’S DETROIT BUSINESS May 26, 2014 OPINION OTHER VOICES Don’t let wording Straits pipelines must be removed This week, state leaders Michigan even issued per- ed dozens of leaks throughout the will gather for the Detroit mits to use the Great Lakes Midwest pipeline network, under- Regional Chamber’s annu- bottomlands. Environmen- scoring what most of us feel in our al conference on Mack- tal disasters like the Exxon gut: Even with safety precautions, confuse PPT issue inac Island to discuss Valdez oil spill in Alaska there is a real and pressing risk of a ways to position Michigan and the BP blowout in the release. he Aug. 5 ballot proposal to replace the personal prop- as a national economic Gulf of Mexico were far in After all that we have learned erty tax now paid by businesses is widely supported by leader. Just to the west, the future. People had about the risk of pipelines, the submerged more than 200 more trust in technology both business and the communities that benefit from time has come to take a strong T feet below the glistening and corporations to pro- stand to keep oil out of the Great the tax, but it still faces a hurdle to passage: How it’s worded. waters surrounding the Jim Lively tect our natural resources. Lakes. State and federal officials The issue, which will be Proposition 1 on the ballot, is writ- Mackinac Bridge, there’s Climate change wasn’t a must take aggressive action to ten to fit the technical requirements of changing state law. But a looming threat that should be at looming global crisis. minimize this risk immediately. the effect is to make the average the top of any agenda dedicated to Today we know more: Pipelines And they should simultaneously Michigan’s economic vitality. leak, burning oil causes climate reader believe that there must set into motion a comprehensive PROP 1 BALLOT WORDING: Two 61-year-old pipelines pump- change and renewable energy is plan to remove the Line 5 pipeline be a hidden tax lurking in it Approval or disapproval of ing oil through the Straits of Mack- not only a viable alternative to fos- entirely. It may take a generation somewhere. amendatory act to reduce state inac pose an unthinkable risk — not sil fuels but a huge and growing before we run our economy on Small wonder. As Lansing use tax and replace with a local only to the largest source of fresh- economic engine for the future. cleaner energy, but in the mean- correspondent Chris Gautz community stabilization share to water on the planet but to Michi- We don’t have to look too far for time, we cannot risk an oil spill in modernize the tax system to help pointed out in his May 5 Capitol gan’s economy. Our state has more proof of the danger. In 2010, a our Great Lakes. small businesses grow and than 660,000 jobs and $49 billion in pipeline owned by Enbridge — the As Gov. Rick Snyder and state Briefings, the proposal includes create jobs. annual wages linked to using Great same Canadian company that owns and federal lawmakers relax on the word “tax” or “taxes” eight The amendatory act adopted by Lakes water. The lakes define our the Mackinac lines — leaked 800,000 the Grand Hotel’s majestic porch the Legislature would: times and doesn’t include the landscape, our culture and our his- gallons of tar sands oil into the Kala- contemplating Michigan’s future, I phrase “personal property tax.” 1. Reduce the state use tax and tory — and our tourism industry — mazoo River, despite assurances hope they look to the west and con- replace with a local community more than anything else. that it had effective safety precau- We know that legally, cer- stabilization share of the tax for sider the urgency of what a tions in place. It was the largest in- tain requirements must be met. the purpose of modernizing the The potential for an oil spill in pipeline leak would mean to our that delicate region is a threat our land oil spill in U.S. history. It dev- way of life. It’s hard to imagine But is there really no way this tax system to help small businesses grow and create business and political leaders astated the river. Today, four years any future conferences taking proposal could have been made jobs in Michigan. must not ignore. Oil pipelines, and later, the cleanup continues. place on an island with oil lapping clearer? 2. Require Local Community their inherent risks, don’t belong But it isn’t just large-scale spills at the shores. In fact, what the proposal Stabilization Authority to provide in the Great Lakes. that have a growing number of peo- Jim Lively is the program direc- does is this: Eliminate the per- revenue to local governments It was a different era in 1953 ple concerned about the future of tor for the Michigan Land Use Insti- dedicated for local purposes, when the 29-inch pipelines were our freshwater. The National tute, a nonprofit organization sonal property tax, essentially a including police safety, fire laid. That was before the state of Wildlife Federation has document- based in Traverse City. local tax on business equipment, protection, and ambulance and make local governments emergency services. 3. Increase portion of state use and school districts whole in tax dedicated for aid to local lost tax revenue. school districts. The latter objective will be 4. Prohibit Authority from LETTERS paid for by increased state rev- increasing taxes. enue tied to the expiration of 5. Prohibit total use tax rate from exceeding existing various corporate tax credits, constitutional 6% limitation. Local should be trump in contracts increasing the amount of the Should this law be approved? state use tax that is sent to local Editor: I do not get all of the government and Michigan? As an active resident, voter, Ro- that I pay for.” school districts and establishing a special assessment that What about the effect on unem- tarian, taxpayer and patriot, I am ployment when locals lose their only manufacturers receiving a PPT reduction pay. When we appoint or elect sup- enraged. posedly knowledgeable, well-in- jobs? Awarding this contract with- The PPT has been unpopular for a long time. Businesses I fully recognize the importance formed, educated and successful out any regard for the local con- don’t like it because it’s hard to figure out and it’s not charged of having a global perspective, but people to serve on public boards tent, based only on the dollars bid, by most nearby states. Local governments haven’t liked it be- I also appreciate the value of local and commissions, we expect them could have been done by fifth- content. In Crain’s April 28 issue, cause the assessments are constantly under appeal by busi- to exercise sound judgment in graders. However, awarding it to the Page 1 article “Biz tied to Libya an offshore entity with ties to one their decisions. nesses. wins airport deal” describes a situ- of our identified adversaries is lu- Getting rid of it was a priority of Gov. Rick Snyder when he ation which indicates to me that Should not local or regional em- dicrous! Then raising the contract took office, but finding a solution took some time because the the Wayne County Airport Au- ployers receive some recognition, award from $129,000 to $150,000 is tax in some Michigan communities is a comparatively large thority has justified the validity of since they employ local personnel, even more outrageous. pay taxes here and otherwise sup- part of the budget. two of my often-used critical com- Even fifth-graders are smarter ments: “Forty years of experience port our community? If stupid de- than that. The current proposal addresses the concerns of both busi- cisions such as this are allowed to is worth considerably more than Thanks for reporting on this nesses and municipalities and doesn’t raise anyone’s taxes. one year’s experience, 40 times” accumulate, what will be the effect Let’s hope the clunky wording doesn’t get in the way. and “Thank goodness (or God) that on our efforts to reinvent Detroit See Letters, Page 9 KEITH CRAIN: Gas taxes are the fairest tax for roads We need to fix our highway sys- then we start all over tax for a few years until It sure isn’t perfect, but at least that would have great support tem. That includes our bridges again. we can create our own it is the closest thing we have to a from all of our elected officials. I and roads all over Michigan. We There might not be highway trust fund, usage tax. cannot believe that anyone would all know they are in terrible anything more painful like the feds. It might be fairer if we had a sys- argue Michigan roads don’t need shape. than fixing our high- I can’t help but think tem of toll roads and we taxed repair! ways. It’s going to dis- that environmentalists We need money, lots of money, everyone using the roads without It is long past the time for dis- to fix these roads, and the existing rupt our traveling for would be in favor of a regard to fuel efficiency. But we cussion. It’s time for action, and tax system doesn’t even come close years, but we have to do tax on gasoline since it don’t, so this seems to make the we need to repair roads that will to supplying the finances required it if we want to have a would encourage the best and fairest sense. last for at least a decade. No more to get our roads into top shape and world-class system. use of the most fuel-effi- Electric cars get a pass, but it’s keep them that way. The only trick is to cient vehicles. It would such a small number that it would quick patches that are not even a good Band-Aid. When you don’t have enough try to figure out what’s also encourage the use be OK for the short term. Later, money to do the proper job, you the best way to raise of electric cars that they might add a surcharge to the It is time for legislation to get end up putting a Band-Aid on our money for these necessary road re- would avoid the tax completely. electric car registration, who the money and start the work. It roads, patching them so they fail pairs. And the less fuel efficient the vehi- knows? was time to start yesterday. The again in the next year or two, and I think we need a big gasoline cle, the more cost per mile. This issue would seem to be one time is now. 20140526-NEWS--0008,0009-NAT-CCI-CD_-- 5/23/2014 10:48 AM Page 2

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 9 MARY KRAMER: Time to commence with bold speaking

Universities are supposed to be real lesson for the stu- calls to capitalism and was addressing, was out of work — two universities where I earned a places where ideas are tested and dents: to hear a view- everything between. fired as the first female executive degree — Grand Valley State and debated. So when did they become point that may not mir- But they were unsuc- editor of The New York Times just Eastern Michigan. It is tough to the litmus for “politically cor- ror their own. cessful. Barra spoke as the week before. write the speech because you rect”? Closer to home, Uni- planned. (Media cover- Her speech know it’s both a.) important and This commencement season has versity of Michigan age note: Mitch Al- might be some- b.) forgettable to the audience. been a particularly nasty one for protestors did their bom’s skewering of a thing students I hope next year we will see a commencement speakers. The best to derail the com- student protestor hop- remember be- hardier stock of candidates to offer body count for speakers and hon- mencement speech of ing to use his WJR cause it focused advice and hearty congratulations orary degree recipients who were General Motors Co. show as a platform for on “resilience,” to the Class of ’15. officially invited and then either CEO Mary Barra, who polemics was absolute- an attribute she invitations were withdrawn or the was considered a coup ly priceless.) would be putting Mary Kramer is publisher of speaker withdrew in the face of when she first accept- Still, the most memo- to the test in Crain's Detroit Business. Catch her withering protests include Chris- ed. But as the ignition- rable of commence- coming weeks Abramson take on business news at 6:10 a.m. tine Lagarde, chief of the Interna- recall mess unfolded, she — and ment speeches this year may well and months. Mondays on the Paul W. Smith show tional Monetary Fund (Smith Col- GM — became a punching bag for be the one delivered by Jill Abram- I have had the privilege of serv- on WJR AM 760 and in her blog at lege), and Condoleezza Rice a vocal minority of students who son at Wake Forest University. ing as a commencement speaker www.crainsdetroit.com/kramer. (Rutgers University). Brandeis protested everything from the re- She, like many of the students she on several occasions, including at E-mail her at [email protected]. University actually withdrew its invitation to bestow an honorary degree on human rights activist Ayaan Hirsi Ali because of com- ments she made that were per- ceived to be critical of Islam. Note to universities: Do a better vetting process or rally around your choices in the face of criti- cism. And to the invited speakers themselves: Have the guts to stand your ground. That would be the

LETTERS CONTINUED ■ First Place Now proud From Page 8 outrageous decision. Joel Bussell West Bloomfield Township Bank. to be Talmer Recalling street While our name may be different, the before blight moved in Bank and Trust. names of the people who take care of Editor: The photo in your May 5 issue of you, and the personalized service they the house at 70 Thorpe St. in Ponti- provide, are still the same. So is our ac shocked me (“Pontiac’s battle with blight begins with this old strong commitment to this community. house,” Page 8). Thorpe Street, a picture of blight? I couldn’t be- In fact, the name “Talmer” is a tribute lieve it. I lived at 39 Thorpe St. as a by the Bank’s two principals to their young child, and my memories are grandfathers (named Talmage and of a secure, well-cared-for, middle- class neighborhood. As a Merzon), who both dedicated their preschooler, I ran down the stairs lives to community service. of our upstairs flat to go out to play with other kids on the sidewalk. It was so safe that my parents let me What’s more, Talmer Bank, just like go on my own with only our cocker spaniel, Skip, to watch over me. He First Place, is a Midwest-based never left my side, and I could al- community bank—and one with ways be found wherever Skip wait- ed patiently for me. If I was inside demonstrated financial strength. So someone’s house playing, he was you can count on us to take care of on the front steps. Good memories: learning to your business needs for many years ride my bike without training to come. wheels; scaring the neighbors trick-or-treating as a witch; watch- ing my parents drive up the drive- Please stop by soon. You’ll quickly way with my newborn brother, discover that we’re now an even greater Larry, who was born at Pontiac General Hospital just down the asset to your community. street; walking to and from Web- ster School by myself when I start- ed kindergarten. We moved to Clarkston, the town where both my parents were born and raised, when I was in the second grade. I haven’t been back to Thorpe Street since, but I never lost the sense of independence I gained from the freedom I had dur- ing the happy years I spent on that friendly, quiet, prosperous, safe www.talmerbank.com | 855-882-8824 street. I hope it will be that way again someday. Paula Stone East Lansing 20140526-NEWS--0010-NAT-CCI-CD_-- 5/23/2014 10:50 AM Page 1

Page 10 CRAIN’S DETROIT BUSINESS May 26, 2014 AutoWeb pay-per-click ad startup Construction starts on Quicken Loans tech center in Corktown to expand in Detroit, begin hiring Construction began last week on the 66,000-square-foot Quicken Loans Technology Center, on the site of a BY DUSTIN WALSH Google Inc. and Autotrader.com. 38,000-square-foot industrial build- CRAIN’S DETROIT BUSINESS Gambino said AutoWeb may ing in Corktown that was demol- relocate its headquarters in De- A Miami-based automotive advertising startup ished earlier this year. troit in the future. Work began on the site at Rosa is expanding in Detroit with the launch of its pay- The startup service, founded Parks Boulevard and Porter Street, COURTESY OF QUICKEN LOANS per-click ad platform. in 2013, analyzes Web traffic AutoWeb Inc., at 2051 Rosa Parks Blvd., is hiring said Detroit-based Quicken Loans Inc. Quicken’s new building in Corktown is and adjusts advertiser costs ac- expected to open in January. account managers and account executives in the When it opens in January, the build- cordingly. It also presents auto- ing will consist of the data center with city, said Angel Gambino, motive ads only to Internet founder of The Alchemists Collec- two 10,000-square-foot server rooms, the building will be known closer to users who have engaged in au- and training and office space. its completion. tive LLC, an economic develop- tomotive sales searches, such as ment firm working to build Hanft Half of the center will be occupied Troy-based Integrated Design Solu- entering a make, model and ZIP business in Detroit. by Quicken technology employees, tions LLC is the project architect, and code on a site. The new hires (a specific Quicken said in a release. The other Detroit-based Turner Construction Co. This narrows Web traffic for advertising, the number wasn’t disclosed) will half will be available for lease. is in charge of construction, Fylo- company said. AutoWeb also targets specific ZIP complement the management Bedrock Real Estate Services LLC, the nenko said. He declined to disclose team it’s building in Detroit, codes in real time. real estate arm of Dan Gilbert’s development costs. Gambino said. “AutoWeb recognizes that connecting the right Quicken Loans Inc., will lease the Gilbert, the founder and chairman AutoWeb hired longtime au- advertisers and consumers at the right time and in space to tenants. of Quicken and Rock Ventures LLC, Gambino tomotive advertising executive the right context is fundamental to creating a Jim Ketai, CEO and managing part- bought the original building, which Lon Bollenbacher as chief revenue officer. Bollen- quality online experience,” Bollenbacher said in a ner of Bedrock, said in a statement sat on 1.71 acres, in November for bacher was formerly automotive director for San statement. that the building is “a great opportu- $625,000, according to Washington, Francisco-based digital marketing firm Kontera AutoWeb is designed to drive more targeted nity for another top technology com- D.C.-based real estate information ser- Technologies Inc. He also held sales leadership roles consumers and deliver high ROI, he said. pany to secure prime server and vice CoStar Group Inc. The demolished at Search Optics LLC, Autodata Solutions Inc., and Ya- The startup is funded by a $2.5 million from Cal- training space in Detroit.” building had been owned by Gasper hoo Inc. ifornia-based online marketing firm Autobytel Inc. Jordan Fylonenko, public rela- Fiore, owner of Boulevard and Trum- AutoWeb also hired Elizabeth Hanft as director It’s expected to invest another $2.5 million at a lat- tions associate for Quicken, said the bull or B&T Towing. of accounts. She’s a former account manager at er date. number of Quicken employees in — Kirk Pinho

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May 26, 2014 CRAIN’S DETROIT BUSINESS Page 11

A CONVERSATION WITH

Jack Shubitowski, Huron Valley State Bank

Tales of a bank survivor Little did Jack Shubitowski know what was in store when he left Flint- based Citizens Bank in 2007 to take over as president and CEO of Milford- based Huron Valley State Bank. It was a boom time for community banks — a handful recently had opened in Southeast Michigan, and five more were scheduled to open in 2006. Huron Valley had opened in August 2005 and was 55 percent owned by Clarkston Financial Corp. A year later, Clarkston, under financial pressure IPO from commercial loans gone bad, sold IPO its share of Huron Valley. Many of the area’s community banks were in a death spiral. Crain’s reporter Tom Henderson talked with Shubitowski about what happened next. When I inherited the banking beat at Crain’s in 2005, I remember one community banker told me, “Tom, owning a community bank is a license to print money.” Those days changed fast. They sure did. We aren’t printing any. As a new bank, you weren’t saddled with a lot of bad loans. Still, it was big news when you got back in the black at the end of 2009. We’ve had four profitable years now. We’re pretty excited about that. You’ve added a second branch on M- 59 and consolidated your lenders into downtown Milford. Any expansion plans? No brick-and-mortar for now. We’re expanding our commercial lending. We’re doing more Small Business Administration loans. The residential lending market in Milford has bounced right back. We’re doing home equity loans again. Deposits are THE OFFERING THAT CAN RE-RE-FUSEFUSE ... AND HAS up 17 percent in a year. We’re at $92 million in assets and growing. We hope to hit $100 million next year when we ISTOCK PHOTO have our 10th anniversary. Industry observers say consolidation will continue to be a theme in banking. Are you looking to either be a buyer or The past few years were a dud for initial offerings. But sparks seller? That is a big topic of conversation. There are no immediate plans to merge. When you talk to are now flying as more firms jump back into the market bankers, the topic always comes up. If we continue to grow and be profitable and remain well-capitalized, we can BY TOM HENDERSON Syntel Inc. went public in 1997. remain independent. You have to keep CRAIN’S DETROIT BUSINESS IPOS: 2013 BEST YEAR SINCE 2000 In February, Troy-based Talmer shareholders happy. n recent years, if you were a securi- Last year nationally, 222 IPOs raised a total of Bancorp Inc. (Nasdaq: TLMR) raised $202 Any other news? We just had a $55 billion. Both were the highest numbers strategic planning session. We’re million in its IPO. ties lawyer specializing in initial since the dot.com frenzy of 2000, when 406 forming a holding company. It’s a five- public offerings, you worked less companies raised $97 billion. In March, Esperion Therapeutics or six-month process. You can take on Inc. (Nasdaq: ESPR), an Ann Arbor- debt on a holding-company level that than the Maytag repairman who In 2012, 128 companies raised $43 billion. looks like capital at the bank level. complained in those old TV commer- IPOs are off to a slower start this year but still based early-stage pharmaceutical com- The holding company can have shares I busy. On May 6, Alibaba Group Holdings Ltd., pany, raised $73 million in its IPO. It cials about never having anything to do. authorized that can be used as the huge Chinese online retailer, filed to go plans a secondary offering this year, employee or director compensation “The capital markets essentially public in the U.S. in what probably will be the and which can be used as currency in shut down,” said largest IPO in tech history. It is expected that based on trial results of its cholesterol- once the stock is priced, it could raise $20 the event of an acquisition. Michael Ben, a partner lowering drug. billion and give Alibaba a market value of In April, Detroit-based Ally Finan- There’s that A-word. We’re not at Detroit-based Honig- between $150 billion and $250 billion. looking at anything right now. man Miller Schwartz and cial Inc. (NYSE: Ally) raised $2.4 billion Cohn LLP, where he is the Troy office of Detroit-based Dickin- in its IPO, which went toward repaying Tom Henderson practice leader of the se- son Wright PLLC. the U.S. Treasury Department for bailing covers banking, out the lender in 2008 during the reces- finance, curities and corporate Recent and planned local IPOs in- technology and clude: sion. governance group. biotechnology. Today? Last September, Detroit-based Cov- This month, Chrysler Group LLC an- Call (313) 446- Ben nounced it plans an IPO on the New York 0337 or write “It’s a good time to isint Corp. (Nasdaq: COVS) spun off from thenderson be in the capital markets. It’s exciting to Compuware Corp. (Nasdaq: CPWR) with Stock Exchange in October. Pricing has @crain.com. see all the activity,” said Michael Ray- a $64 million IPO, the first initial offer- yet to be set. mond, head of the securities practice in ing of a Detroit-area tech company since See IPO, Page 12 20140526-NEWS--0012-NAT-CCI-CD_-- 5/23/2014 10:54 AM Page 1

Page 12 CRAIN’S DETROIT BUSINESS May 26, 2014 Finance IPO: The market for initial offerings ‘has a very strong appetite’ ■ From Page 11 EnvisionTEC Inc., a Dearborn- state history — a Series D round of “Energy is a hot in the works. He is prohibited by and one of Raymond’s clients. Since based business unit of Germany- $59.5 million. That followed a round sector, as well. the U.S. Securities and Exchange its founding in 1984, Roth Capital based EnvisionTEC GmbH that makes of $12.5 million in January. And real estate Commission from discussing them has raised more than $18 billion for 3D printers, has been reported in The flurry of venture capital is back in vogue in detail. small-cap public companies. an industry publication to be plan- and the upcoming IPO are results with a number Dickinson Wright also has two In April 2013, another of Ray- of REIT (real es- ning an IPO in June. CEO Al of news that ProNAi presented in pending IPOs that have been pub- mond’s clients — Southfield-based December at the annual meeting of tate investment licly filed — Superior Drilling Prod- Siblani declined to comment. Diversified Holdings Inc., owner of the American Society of Hematology. trust) offerings. ucts of Vernal, Utah, which has Bagger Dave’s and Buffalo Wild Plymouth Township-based ProNAi’s lead product, a molecule “Overall, filed for a $30 million IPO, and Tag- Wings franchises including the ProNAi Therapeutics Inc., a maker of with the working name of there is a pent- gares Agricultural Corp. of Ken- world’s largest BWW in downtown cancer drugs, plans an IPO this year. PNT2258, resulted in dramatic im- Raymond up demand. The newick, Wash., which has filed for Detroit — raised $31.9 million in a In April, ProNAi — currently the provement in patients with non- market is hot. It a $48 million IPO. public offering. The company first hottest biotech or pharmaceutical Hodgkin lymphoma who had been has a very strong appetite.” Both are being taken public by went public with a self-underwrit- company in the state — raised what unsuccessfully treated with con- Dickinson Wright has a nation- Roth Capital Partners LLC, a Newport ten offering of $735,000 in 2008. is thought to be the single largest ventional therapies. al securities practice. Raymond Beach, Calif.-based investment Some of the pent-up demand from round of venture capital funding in “Pharma is hot,” Raymond said. said the firm has seven offerings bank specializing in small-cap IPOs investors for IPOs is a low-interest environment that has them looking for ways to make more than near- zero interest on their money. Part of it is venture capital and private-equity companies that need liquidity events to return money to their limited partners. Firms didn’t want to sell portfolio companies at the bottom of the market, so during and after the re- cession, exits were delayed. “They held on to assets longer Keep your business than they were used to,” Ben said. “Now there’s a demand to return liquidity to their LPs.” heading in the Until they do return profits to in- vestors in previous funds, VC and PE firms can’t raise new funds. right direction. Raymond said that while in the past, companies generally needed to have revenue of at least $30 mil- lion and earnings before interest, depreciation, taxes and amortiza- tion of $10 million, an appetite now exists for IPOs of companies with $15 million in revenue and $3 mil- lion to $4 million in EBIDTA. Another reason for more IPOs is the federal JOBS Act, which al- lows companies to conduct a confi- dential submission for an IPO and test the waters before committing. “They can see if the time is right and the price is right,” Raymond said. Companies that may have been reluctant to file before are more willing now. Raymond predicts the time will be right for the next 18 months to two years. “By then, all the good product will be gone, and the mar- Treasury Management from FirstMerit Bank ket will fizzle out a bit,” he said. To help with the IPO flow, Dick- When John talked to FirstMerit Bank’s Treasury Management team, his goal inson Wright and Roth Capital will do a road show this year, beginning was to increase his company’s working capital. Together, they came up with a in Detroit and heading to Chicago, Denver and Salt Lake City. They plan to help John effectively manage receivables, control payments, and improve will make presentations to compa- ny CEOs and CFOs about why the his company’s overall cash flow. Now John has all the tools he needs to keep his time may be right to go public. “We’re going to preach the business moving in the right direction — forward. gospel. You have to do it while the market is hot,” Raymond said. Ben said Michigan should re- main a relatively hot market for IPOs for the foreseeable future. “We have a few IPOs in the pipeline,” said Ben, whose firm represented Covisint in its IPO. VC and private equity firms have stepped up their investing in companies in Ann Arbor, Detroit and Grand Rapids, Ben said. TO LEARN MORE, CONTACT: “And in coming years, those PJ Danhoff, Treasury Management Sales Officer, 248-228-1706 pj.danhoff@firstmerit.com companies will create a pipeline of at or . IPOs,” he said. “There will be con- tinuing momentum in health care, Follow the latest market trends firstmerit.com biotech, medical devices, social @firstmerit_mkt media and software.” Member FDIC Tom Henderson: (313) 446-0337, 2411_FM14 [email protected]. Twitter: @tomhenderson2 20140526-NEWS--0013-NAT-CCI-CD_-- 5/23/2014 1:19 PM Page 1

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 13

CRAIN'S LIST: SE MICHIGAN PUBLICLY HELD COMPANIES Ranked by 2013 revenue

Revenue Revenue Net income Exchange/ Stock price Company ($000,000) ($000,000) Percent ($000,000) Ticker 52-week Rank Fiscal year end; website Top executive(s) 2013 2012 change 2013/2012 symbol high/low Type of industry General Motors Co. (12/2013) Mary Barra $155,427.0 $152,256.0 2.1% $3,770.0 NYSE 41.85 Automobile manufacturer (313) 556-5000; www.gm.com executive VP, global product $4,859.0 GM 31.13 1. development, purchasing and supply chain Ford Motor Co. (12/2013) Alan Mulally B 146,917.0 134,252.0 9.4 7,155.0 NYSE 18.02 Automobile manufacturer 2. (313) 322-3000; www.ford.com president and CEO 5,664.0 F 14.30

TRW Automotive Holdings Corp. (12/2013) John Plant 17,400.0 16,444.0 5.8 970.0 NYSE 85.93 Automotive supplier 3. (734) 855-2600; www.trwauto.com chairman, president and CEO 1,008.0 TRW 60.00

Delphi Automotive plc (12/2013) Rodney O'Neal 16,500.0 15,519.0 6.3 1,301.0 NYSE 70.49 Automotive supplier 4. (248) 813-2000; www.delphi.com president and CEO 1,160.0 DLPH 47.40

Lear Corp. (12/2013) Matthew Simoncini 16,234.0 14,567.0 11.4 431.4 NYSE 87.26 Automotive supplier 5. (248) 447-1500; www.lear.com president and CEO 1,282.8 LEA 55.81

Penske Automotive Group Inc. (12/2013) Roger Penske 14,705.4 13,084.3 12.4 244.2 NYSE 47.92 Automobile dealerships 6. (248) 648-2500; www.penskeautomotive.com CEO 185.5 PAG 27.61

DTE Energy Co. (12/2013) Gerard Anderson 9,600.0 8,791.0 9.2 668.0 NYSE 79.45 Energy company 7. (800) 235-8000; www.dteenergy.com chairman and CEO 610.0 DTE 63.38

Ally Financial Inc. (12/2013) Michael Carpenter 9,577.0 9,916.0 -3.4 361.0 PINK NA Bank holding company. 8. (877) 247-2559; www.ally.com CEO 1,196.0 GMSPZ NA

Masco Corp. (12/2013) Richard Manoogian 8,173.0 7,745.0 5.5 272.0 NYSE 23.73 Building materials 9. (313) 274-7400; www.masco.com chairman and Keith Allman (76.0) MAS 18.27 president and chief Executive officer

Visteon Corp. (12/2013) Timothy Leuliette 7,439.0 6,857.0 8.5 690.0 NYSE 93.51 Automotive supplier 10. (734) 710-5000; www.visteon.com president and CEO 100.0 VC 58.02

BorgWarner Inc. (12/2013) James Verrier 7,436.6 7,183.2 3.5 624.3 NYSE 64.23 Automotive supplier 11. (248) 754-9200; www.borgwarner.com president and CEO 500.9 BWA 39.21

Federal-Mogul Holdings Corp. (12/2013) Rainer Jueckstock 6,800.0 6,664.0 2.0 41.0 Nasdaq 23.62 Automotive supplier (248) 354-7700; www.federalmogul.com co-CEO, and CEO, Powertrain (117.0) FDML 8.82 12. Division and Daniel Ninivaggi co-CEO, Federal-Mogul; and CEO, vehicle components division CMS Energy Corp. (12/2013) John Russell 6,566.0 6,253.0 5.0 452.0 NYSE 30.53 Utility 13. (800) 477-5050; www.cmsenergy.com president and CEO 382.0 CMS 25.74

PulteGroup Inc. (12/2013) Richard Dugas 5,538.6 4,659.1 18.9 2,620.1 NYSE 24.17 Homebuilder 14. (248) 647-2750; www.pultegroupinc.com chairman, president and CEO 206.1 PHM 14.23

Con-way Inc. (12/2013) Douglas Stotlar 5,470.0 5,580.9 -2.0 99.2 NYSE 46.52 Transportation 15. (734) 757-1444; www.con-way.com president and CEO 104.5 CNW 36.34

Kelly Services Inc. (12/2013) Carl Camden 5,413.1 5,450.5 -0.7 58.9 Nasdaq 26.17 Staffing services 16. (248) 362-4444; www.kellyservices.com president and CEO 50.1 KELYA 16.83

Meritor Inc. (9/2013) Ivor Evans 3,701.0 4,418.0 -16.2 (22.0) NYSE 14.28 Commercial vehicle, heavy 17. (248) 435-1000; www.meritor.com chairman, president and CEO 52.0 MTOR 6.09 duty truck and defense supplier

American Axle & Manufacturing Holdings Inc. David Dauch 3,207.0 2,931.0 9.4 94.5 NYSE 21.48 Automotive supplier 18. (12/2012) chairman, president and CEO 367.7 AXL 16.13 (313) 758-2000; www.aam.com

Cooper-Standard Holdings Inc. (12/2013) Jeffrey Edwards 3,090.5 2,880.9 7.3 47.9 NYSE 71.11 Automotive systems and 19. (248) 596-5900; www.cooperstandard.com chairman, president and CEO 102.8 CPS 42.00 components

Tower International Inc. (12/2013) Mark Malcolm 2,100.2 2,084.9 0.7 (20.3) NYSE 30.28 Automotive supplier 20. (248) 675-6000; www.towerinternational.com president and CEO 18.0 TOWR 16.88

Domino's Pizza Inc. (12/2013) Patrick Doyle 1,802.2 1,678.4 7.4 143.0 NYSE 69.65 Restaurant franchisor 21. (734) 930-3030; www.dominos.com president and CEO 112.4 DPZ 55.79

TriMas Corp. (12/2013) David Wathen 1,394.9 1,272.9 9.6 80.1 NASDAQ 42.09 Manufacturing 22. (248) 631-5450; www.trimascorp.com president and CEO 36.3 TRS 30.73 conglomerate

Universal Truckload Services Inc. (12/2013) H.E. "Scott" Wolfe 1,033.0 1,037.0 -0.4 50.6 Nasdaq 34.07 Transportation and logistics 23. (586) 920-0100; www.goutsi.com CEO 47.7 UACL 22.10

Flagstar Bancorp Inc. (12/2013) Alessandro DiNello 983.0 1,502.2 -34.6 267.0 NYSE 22.88 Financial institution 24. (248) 312-2000; www.flagstar.com president and CEO 68.4 FBC 12.91

ITC Holdings Corp. (12/2013) Joseph Welch 941.3 830.5 13.3 233.5 NYSE 37.95 Utility - Electricity 25. (248) 946-3000; www.itctransco.com chairman, president and CEO 187.9 ITC 28.24 transmission

This list of publicly held companies is an approximate compilation of the largest companies in Wayne, Oakland, Macomb, Washtenaw and Livingston counties that have stock traded on a public exchange. 52-week highs and lows are for period ending May 20, 2014. Information was provided by the companies or from public documents. It is not a complete listing but the most comprehensive available. Companies with headquarters elsewhere are listed with the address and top executive of their main Detroit-area office. Actual revenue figures may vary. Some figures were restated due to discontinued operations. B To retire July 1, 2014. COO Mark Fields to succeed. Continued on Next Page LIST RESEARCHED BY CRAIN'S STAFF, CAMILLE PIPPEN 20140526-NEWS--0014-NAT-CCI-CD_-- 5/23/2014 1:20 PM Page 1

Page 14 CRAIN’S DETROIT BUSINESS May 26, 2014

CRAIN'S LIST: SE MICHIGAN PUBLICLY HELD COMPANIES Ranked by 2013 revenue

From Previous Page Revenue Revenue Net income Exchange/ Stock price Company ($000,000) ($000,000) Percent ($000,000) Ticker 52-week Rank Fiscal year end; website Top executive(s) 2013 2012 change 2013/2012 symbol high/low Type of industry Syntel Inc. (12/2013) Bharat Desai $824.8 $723.9 13.9% $219.7 Nasdaq 97.23 Information technology (248) 619-2800; www.syntelinc.com chairman; Prashant Ranade $185.5 SYNT 61.52 26. vice chairman and Nitin Rakesh CEO and president Tecumseh Products Co. (12/2013) James Connor 823.6 854.7 -3.6 (37.5) Nasdaq 12.23 Compressor manufacturer 27. (734) 585-9500; www.tecumseh.com president and CEO 22.6 TECU 4.90

Meadowbrook Insurance Group Inc. (12/2013) Robert Cubbin 791.2 996.8 -20.6 (112.3) NYSE 8.90 Insurance company 28. (248) 358-1100; www.meadowbrookinsgrp.com president, CEO and director 11.7 MIG 5.24

Taubman Centers Inc. (12/2013) Robert Taubman 767.8 748.0 2.6 189.4 NYSE 89.46 Retail real estate investment 29. (248) 258-6800; www.taubman.com chairman, president and CEO 157.8 TCO 61.43 trust

Compuware Corp. (3/2014) Robert Paul 720.8 B 723.9 C -0.4 71.6 B Nasdaq NA Information technology 30. (313) 227-7300; www.compuware.com president and CEO (17.3) C CPWR NA

Credit Acceptance Corp. (12/2013) Brett Roberts 682.1 609.2 12.0 253.1 Nasdaq 150.89 Financial institution 31. (248) 353-2700; www.creditacceptance.com CEO 219.7 CACC 100.75

Gentherm Inc. (12/2013) Daniel Coker 662.1 555.0 19.3 33.8 Nasdaq 41.58 Thermal Technology 32. (248) 504-0500; www.gentherm.com president and CEO 24.3 THRM 16.52 Innovator

Rofin-Sinar Technologies Inc. (9/2013) Gunther Braun 560.0 540.1 3.7 NA Nasdaq 27.76 Laser-based products 33. (734) 455-5400; www.rofin.com president and CEO 34.5 RSTI 21.01

Sun Communities Inc. (12/2013) Gary Shiffman 415.2 339.6 22.3 10.6 NYSE 57.78 Real estate 34. (248) 208-2500; www.suncommunities.com president and CEO 5.0 SUI 39.53

Talmer Bancorp Inc. (12/2013) David Provost 179.7 102.6 75.2 98.6 NASDAQ 15.42 Financial institution. 35. (248) 649-2301; www.talmerbank.com chairman, president and CEO 21.7 TLMR 13.05

Ramco-Gershenson Properties Trust (12/2013) Dennis Gershenson 170.1 125.2 35.8 3.7 NYSE 17.94 Real estate 36. (248) 350-9900; www.rgpt.com president and CEO (0.0) RPT 14.11

Saga Communications Inc. (12/2013) Edward Christian 129.5 130.3 -0.6 15.3 NYSE MKT 55.00 Radio and TV stations 37. (313) 886-7070; www.sagacommunications.com chairman, president and CEO 17.9 SGA 38.34

Diversified Restaurant Holdings Inc. Michael Ansley 108.9 77.4 40.6 0.1 NASDAQ 8.57 Restaurant 38. (Bagger Dave's) (12/2013) chairman, president and CEO 0.2 BAGR 4.06 (248) 223-9160; www.diversifiedrestaurantholdings.com

Covisint Corp. (3/2014) Sam Inman 97.1 B 90.7 B 7.1 35.7 NASDAQ NA Information technology 39. (313) 961-4100; www.covisint.com CEO 5.6 COVS NA

Arotech Corp. (12/2013) Robert Ehrlich 88.6 80.1 10.6 2.3 Nasdaq 6.61 Defense and aerospace 40. (734) 761-5836; www.arotech.com chairman and CEO (2.0) ARTX 1.00

InfuSystem Holdings Inc. (12/2013) Eric Steen 62.3 58.8 5.9 1.7 NYSE MKT 3.05 Provider of ambulatory (800) 962-9656; www.infusystem.com CEO (1.5) INFU 1.27 infusion pumps and 41. associated clinical services to oncologists and their patients Perceptron Inc. (6/2013) Harry Rittenour 60.9 57.4 6.1 6.2 Nasdaq 18.24 Process measurement tools 42. (734) 414-6100; www.perceptron.com president and CEO (0.3) PRCP 6.86

Federal Screw Works (6/2013) Thomas Zurschmiede 57.2 58.6 -2.5 0.1 OTC 4.40 Automotive supplier 43. (586) 443-4200; www.federalscrewworks.com president and CEO (0.6) FSCR 2.19

United Bancorp Inc. (12/2013) Robert Chapman 52.9 56.2 -5.9 8.8 OTC 12.60 Financial institution 44. (734) 214-3700; www.ubat.com CEO and Todd Clark 4.5 UBMI 5.20 president

Rockwell Medical Inc. (12/2013) Rob Chioini 52.4 49.8 5.1 (48.8) Nasdaq 15.84 Bio-Pharma & Drug 45. (248) 960-9009; www.rockwellmed.com founder, chairman, president and (54.0) RMTI 3.36 Development CEO

Agree Realty Corp. (12/2013) Joey Agree 43.0 35.8 20.1 NA NYSE 34.25 Real estate investment trust 46. (248) 737-4190; www.agreerealty.com CEO 18.6 ADC 26.58

Detrex Corp. (12/2013) Thomas Mark 41.0 43.4 -5.5 2.6 OTC 35.50 Chemical products 47. (248) 358-5800; www.detrex.com president and CEO 7.7 DTRX 25.00 manufacturer

University Bancorp Inc. (12/2013) Stephen Ranzini 38.9 40.0 -2.8 1.8 OTC 8.75 Financial institution 48. (734) 741-5858; www.university-bank.com president and CEO 1.9 UNIB 2.50

Advanced Photonix Inc. (3/2013) Richard Kurtz 23.6 29.5 -19.8 (4.4) NYSE MKT 0.87 Electronics 49. (734) 864-5600; www.advancedphotonix.com chairman and CEO (2.1) API 0.40

Aastrom Biosciences Inc. (12/2013) Nick Colangelo 19.0 21.0 -9.5 (15.6) Nasdaq 17.78 Biotechnology, regenerative 50. (800) 556-0311; www.aastrom.com president and CEO (29.5) ASTM 3.14 medicine

This list of publicly held companies is an approximate compilation of the largest companies in Wayne, Oakland, Macomb, Washtenaw and Livingston counties that have stock traded on a public exchange. 52-week highs and lows are for period ending May 20, 2014. Information was provided by the companies or from public documents. It is not a complete listing but the most comprehensive available. Companies with headquarters elsewhere are listed with the address and top executive of their main Detroit-area office. Actual revenue figures may vary. Some figures were restated due to discontinued operations. B Fiscal 2014. C Fiscal 2013. LIST RESEARCHED BY CRAIN'S STAFF, CAMILLE PIPPEN 20140526-NEWS--0015-NAT-CCI-CD_-- 5/23/2014 12:22 PM Page 1

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 15 Together Health Network’s WAYNE STATE UNIVERSITY MBA OPEN HOUSE challenge: Ease antitrust fears GET ON THE CAREER FAST TRACK Tuesday, June 24, 4 p.m. to 7 p.m. McGregor Memorial Conference Center BY JOE CARLSON Health Michi- that involve a large share of a mar- AND MELANIE EVANS gan. “There are ket and create concerns regarding Learn more about how you can advance your career with a graduate CRAIN NEWS SERVICE a lot of things market power. Here you don’t get business degree from Wayne State University at our MBA Open that we’re doing past the first question,” said Detroit House. Programs include: Together Health Network — a already, but we antitrust attorney David Ettinger of new, clinically integrated network can learn” from Honigman Miller Schwartz and Cohn • MBA • Master of Science in Taxation of doctors and hospitals in South- CHE Trinity. LLP, who represents CHE Trinity. • Master of Science in Accounting east Michigan — was formed with She said the “This is pro-competitive. It offers • Graduate Certificate in Business the intention of reaching a huge organizations customers better coverage.” swath of residents without raising were looking for- A spokeswoman with the state at- Many programs offer flexible program options in Midtown Detroit, FREE the hackles of antitrust regulators. Maryland ward to working torney general’s office said an email Farmington Hills and online. The MBA Open House is as is the And experts say that’s possible if together on pop- from a reporter was the first time WSU graduate application. the new entity steps carefully. ulation health and coordinated the office had heard of the new enti- Register today at business.wayne.edu. Together Health will combine care models that require sophisti- ty. And Together Health officials hundreds of physicians’ offices and cated analytical infrastructure. said approval from the FTC would outpatient centers with two dozen The new group also will dissemi- not be needed because the new orga- hospitals owned by two large com- nate innovations across its service nization is not an asset merger. peting health systems, Warren- lines, including ways to address Meanwhile, insurers in the state based Ascension Health Michigan and public health concerns and multi- are likely to watch the develop- Livonia-based CHE Trinity Health. In- ple chronic conditions in patients. ment closely. surance plans with the network “Instead of creating a financial- The state’s dominant insurer, soon will be sold on the state insur- ly integrated model, what we’re re- Blue Cross Blue Shield of Michigan, ance exchange, and the partners es- ally trying to do is to virtually commended Ascension and CHE timate that 75 percent of state resi- achieve the same thing using a col- Trinity for embracing Blue Cross’ dents will live within 20 minutes of laborative partnership model,” approach improving the value of an in-network provider from To- said Kevin Sears, vice president health care by emphasizing popu- gether Health. for payer and product innovation lation health and care quality. It’s an interesting development at CHE Trinity. “As a result of health care re- in a state with a history of an- The antitrust analysis doesn’t form, we are seeing hospital sys- titrust scrutiny in health care. end with integration, however. tems coming together to collabo- Traditionally, it would be illegal “The second question you would rate on more effective ways to for competitors such as Ascension ask is, do you have market pow- provide quality care at affordable and Trinity to jointly negotiate er?” said Douglas Ross, a partner costs,” said Sue Barkell, the Blues’ SCHOOL OF BUSINESS prices with insurers — what’s with Davis Wright Tremaine in Seat- senior vice president of health care ADMINISTRATION known as price-fixing. The Federal tle and the past chairman of the value. “This trend has the potential Trade Commission has declared a spe- American Health Lawyers Associa- to benefit patients, consumers and cial focus on health care in recent tion’s antitrust practice group. businesses — and we will be watch- years, including challenging hospi- Market clout would be the ability ing to see what Ascension and Trin- tal mergers and even litigating an to force insurance companies to con- ity achieve here in Michigan.” Idaho hospital’s acquisitions of tract with Together Health, which From Modern Healthcare large physician practices in Nampa. would give the network the ability But the FTC also has long allowed to raise prices unilaterally because competing providers to coordinate it’s a “must have” provider. prices, provided they can show that Officials with Together Health they are truly working in concert to say that won’t be an issue for them improve care. That would include for two reasons. First, only a small jointly buying health information number of Together Health technology, setting common clinical providers overlap in geographic protocols across different providers markets, so the removal of compe- and sanctioning people or entities tition isn’t a factor. And second, that break the rules. the network will be “nonexclu- “Collaboration leads to innova- sive,” meaning the providers still THE IMPORTANCE OF EMPLOYEE ENGAGEMENT tion,” said Patricia Maryland, will be able to negotiate contracts president of health care operations with insurers outside the network. Dale Carnegie Training has been increasing employee engagement for over 100 years. One and COO of St. Louis-based Ascen- “Antitrust issues arise when you recent initiative* included a comprehensive study of employee engagement across the US. sion Health, parent of Ascension have combinations of competitors

THE MILLER LAW FIRM Changing the Odds in our Clients’ Favor

*Dale Carnegie surveyed the functional and emotional elements of employee engagement from a national The Miller Law Firm is Recognized representative sample of 1,500 employees. /** Source - Bureau of National Affairs / ***Source - Gallup as a Leader in Complex Business Litigation READ MORE ON EMPLOYEE ENGAGEMENT AT Q Automotive Supplier Counseling Q Commercial and business lawsuits www.michigan.dalecarnegie.com Q Employment litigation Q Shareholder and partnership disputes Referral fees honored on contingency fee cases 248.380.7000 950 West University Drive, Suite 300 248-841-2200 millerlawpc.com Rochester, Michigan 48307 Copyright © 2014 Dale Carnegie & Associates, Inc. All rights reserved. ee_ad_031414_mi 20140526-NEWS--0016-NAT-CCI-CD_-- 5/23/2014 12:13 PM Page 1

Page 16 CRAIN’S DETROIT BUSINESS May 26, 2014 Ex-Ind. gov. – a Snyder pal – to offer tips on state growth

When Purdue University slightly different ways. Snyder doesn’t have the luxury President Mitch Daniels The first executive or- of selling a toll road to finance the takes the stage Thursday Capitol der Daniels signed as road work so desperately needed afternoon at the Mackinac Briefings governor was to create in Michigan and has instead been Policy Conference, atten- the Indiana Economic Dev- trying to persuade lawmakers to dees can expect to hear elopment Corp. in 2005. approve increased taxes and fees how a state can configure The IEDC aggressive- to solve the problem. itself for economic growth ly courted businesses Some brought up the idea of and upward mobility. with tax and cash incen- Michigan installing toll roads, but Daniels has some expe- tives in surrounding that idea has gone nowhere. rience at that, as the for- states — including Daniels said he and Snyder have mer two-term Republican Michigan, much to the stayed in touch since he left office, governor of Indiana. He chagrin of economic de- Chris Gautz but whether he gave Snyder any left office in 2013 and velopment officials tips on how to find money to fix the moved right away into his new job along the Indiana border. The roads, he didn’t say. at Purdue. IEDC put up billboards on the The pair recently spoke at an So as part of his keynote address roads along the Indiana-Michigan event put on by the American Enter- at the Detroit Regional Chamber’s an- border, encouraging businesses to prise Institute, where they dis- nual event, Daniels said he also ex- pack up and come to Indiana. cussed how to fix the states. pects to discuss “And many did,” Daniels said. “I admire him and what he’s where higher Snyder’s approach has been to done,” Daniels said. education fits focus less on poaching jobs from into that equa- other states and more on helping tion. existing businesses expand, or Comings and goings Daniels told what he calls economic gardening. Mario Morrow will become the di- me in an inter- Daniels said he and Snyder rector of communications for the view last week have shared ideas in the past, and Education Achievement Authority on he will also like- said as governor he was always June 2. Morrow is leaving his posi- ly venture a few willing to share stories of success tion with the state of Michigan as thoughts on Daniels they had. the state manager for community how national One he said was the biggest was outreach. Prior to that, he served as policy could be more supportive of the 75-year lease of the state’s toll the director of communications for the same goals. road in 2006 for $3.8 billion. That the Department of Licensing and Regu- Chief among them is fixing the upfront windfall funded all kinds latory Affairs. federal immigration system, of transportation and infrastruc- Chris Gautz: (517) 403-4403, which is keeping states from hang- ture improvement projects across [email protected]. Twitter: ing onto some of their most talent- the Hoosier state. @chrisgautz ed international students. Gov. Rick Snyder has been beating this drum for more than a year, saying it is “dumb” for us to educate for- eign students at universities in the state only to send them back to their countries after graduation, rather than stay and start busi- nesses here. “He is quite right,” Daniels said. “That’s been my position for a long time, even before I came to Pur- due.” Daniels said Purdue has be- tween 5,000 and 6,000 international undergraduate students, which equates to about 17 percent of the student body. It is an even higher percentage on campus for its grad- uate programs, he said. “It’s a subject of special rele- vance here,” Daniels said. Of the international students on campus, about 3,000 are from Chi- na. He attributes the attraction of international students to the uni- versity’s strength in engineering, science and business. It’s one of many areas of agree- ment Daniels and Snyder share. The two became friends as Snyder was running for governor, Daniels said, and communicated often dur- ing the time their terms as gover- nor overlapped. It was Snyder who invited Daniels to speak at the confer- ence. Both men are also nerds when it comes to numbers — Snyder the CPA and Daniels, the former direc- tor of the Office of Management and Budget during President George W. Bush’s first term. Both place a huge emphasis on structurally balanced budgets, both signed right-to-work legisla- tion and put a heavy focus on eco- nomic development, albeit in 20140526-NEWS--0017-NAT-CCI-CD_-- 5/23/2014 6:08 PM Page 1

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 17 PEOPLE

ARCHITECTURE ing, Redico LLC, Southfield, from di- sales, SunTel Services, Troy, from vice rector of public relations, Village president of sales, North America, Ann Dilcher to N THE SPOTLIGHT I Green Cos., Farmington Hills Spectralink Corp., Clarkston. principal, Quinn Dürr Ecoclean Inc., Wixom, a Evans Architects developer of products, systems Inc., Ann Arbor, SERVICES TRANSPORTATION and services for technical cleaning from associate Chris Sutton to di- and project man- applications in rector of sales ager. industrial and business de- production, velopment, Mae- FINANCE has named stro Media Print Andreas Reger Solutions LLC, Lesli Matukaitis president and Bloomfield Hills, to senior vice Temple Hanley CEO. He had from senior vice president of cor- Dilcher Colleen Hanley to director, global com- been president president, busi- porate banking, munications, TRW Automotive Hold- of Pollmann ness develop- DFCU Federal Fi- ing Corp., Livonia, from vice presi- ment, Phoenix In- nancial Credit North America novate Inc., Troy. dent, marketing, communications and Inc., a Union, Dearborn, government affairs, CareTech Solu- Romeoville, Ill., Sutton Rushing Shattuck from vice presi- tions, Troy. Reger TECHNOLOGY dent, business company that Adam Gold to vice Michael Rushing banking relation- develops and produces NONPROFITS mechatronic components and president, sales, to safety and com- ship manager, iRule LLC, Detroit, Andre Dowell to products from composite plastic pliance manager, Comerica Bank, from regional director of pro- Evans Distribution Detroit. materials and metal. sales manager, gramming, Systems, Melvin- Sphinx Reger, 45, succeeds William Bell, Middle Atlantic Organization, De- dale, from human HEALTH CARE who left the company. Products Inc., resources manag- troit, from artistic Fairfield, N.J. Matukaitis Marc Corriveau to administrator and Reger earned a bachelor’s degree er. Also, Todd director of Michi- competition di- in international business Joel Van Haaften Shattuck to hu- gan advocacy, CHE Trinity Health, rector. administration from the University to vice president man resources Livonia, from attorney/lobbyist, Kel- of client success, manager, from ac- to vice of Wiesbaden, Wiesbaden, ley Cawthorne, Lansing. Korey Hall Gold Amplifinity Inc., count manager, president of gov- Germany, and an MBA from Colorado State University, Fort Ann Arbor, from senior director, Laura Lange Logistics, ernment and ex- client services, ForeSee Results Inc., Clawson. MANUFACTURING ternal affairs, The Collins, Colo. Dowell Ann Arbor. Chris Temple to general manager, Heat and Warmth Adam Laura to director of strategic ac- counts, MetroGistics LLC, Auburn RayoMar Enterprises Inc., Rochester, Fund, Detroit, from regional manager, REAL ESTATE TELECOMMUNICATIONS from general manager, Tecla Co. Inc., Southeast Michigan Regional Office of Hills, from manager, business devel- Walled Lake. U.S. Sen. Debbie Stabenow, Detroit. Jacqueline Trost to director of market- Gary Morton to vice president of opment, ShipCarsNow, Omaha, Neb.

CALENDAR how Microsoft Project’s scheduling struction, University of Michigan. Hol- THURSDAY tool helps project managers make re- iday Inn, Ann Arbor. 11 a.m.-noon MAY 29 alistic commitments. With Tony meeting open to members only; noon CRAIN’S HONORS 20 OF METRO DETROIT’S BRIGHTEST YOUNG STARS Woodrich, vice president, Administra- lunch and presentation open to all. $35 Join Crain’s Detroit Business 5-9 Your Restaurant Will Save Detroit,” Stopfakes.gov Roadshow: Intellectual tive Controls Management Inc. Mi- members, $40 after June 2; $70 non- p.m. June 12 at The Garden by Phil Cooley, co-owner, Slows Bar Property Rights Seminar Detroit. crosoft Office, Southfield Town Cen- members, $80 after June 2. Contact: Theater, Detroit, for 20 in their 20s, BQ, class of 2007; and “How 8 a.m.-4:30 p.m. U.S. Department of Com- Gretchen Waters, (734) 662-2570; email: ter, Southfield. Free. Contact: Emily honoring 20 metro Detroiters in Social Entrepreneurship Helps merce Office of Intellectual Property Staley, (616) 842-5454; email: emily. [email protected]; website: Rights, U.S. Patent and Trademark Of- wcaonline.org. their 20s whose creativity and Detroit,” by Veronika Scott, founder [email protected]; entrepreneurial spirit are and CEO, The Empowerment Plan, fice, U.S. Commercial Service. website: mpug.com. Seminar on intellectual property rights; contributing to a new energy in class of 2013. topics include obtaining and protecting Reinventing Pharmacy for Better Southeast Michigan. Health. 11:30 a.m.-1:30 p.m. June 5. De- Tickets are $35 for 20s alumni, IP rights in the U.S. and globally; best Deal Incubator. 4-6 p.m. June 3. Hertz In addition to the presentation of $45 for other guests and $40 each practices, remedies and law enforce- Schram PC. Networking event for en- troit Economic Club. With Larry Merlo, president and CEO, CVS Care- awards and a strolling dinner, the if purchased in groups of 10 or ment resources; and company and trepreneurs and investors. Moderated more. Preregistration closes at 5 brand names, logos, websites, patents, by Ken Silver, partner, Hertz Schram mark Corp. $45 DEC members, $55 evening will feature “Three Takes guests of members, $75 nonmembers. on the City from Past and Present p.m. June 9. If space is available, trade secrets and designs. Wayne State PC. Grand Circus, Detroit. Free. Con- walk-in registration will be $55. University Law School, Detroit. $25. tact: Ken Silver, (248) 335-5000; email: 11:30 a.m. speaker reception open only 20s,” moderated by Craig Fahle, Contact: Eve Lerman, (248) 975-9605; [email protected]; website: to board, life and gold members. Con- host of “The Craig Fahle Show” on For ticket information, call Kacey email: [email protected]; website: hertzschram.com. tact: Detroit Economic Club, (313) 963- WDET 101.9 FM; “Reshaping Local Anderson at (313) 446-0300, export.gov/michigan/tradeevents/eg 8547; email: [email protected]; web- Politics,” presented by Bryan email her at [email protected] _us_mi_071922.asp. site: econclub.org. or visit crainsdetroit.com/events. 65th Washtenaw Contractors Associa- Barnhill, chief talent officer, city of tion Annual Business Meeting. 11 a.m.- Detroit, 20s class of 2014; “What Join the conversation with 2 p.m. June 5. Includes an overview of The Big M Manufacturing Conver- Happens After the Media Declares #cdb20s. UPCOMING EVENTS accomplishments during the past gence. 7:30 a.m.-10 p.m. June 9, 8:30 Time Impact Analysis with MS Project. year, plans for the coming year and a.m.-7:30 p.m. June 10, 8:30 a.m.-6 p.m. 8:30-10 a.m. June 3. Michigan Project election of board of directors. With June 11, 8:30 a.m.-2 p.m. June 12. Soci- process from design to production, in- Contact: Christine Longroy, (313) 425- Users Group. The presentation will Marina Roelofs, executive director of ety of Manufacturing Engineers. Fo- cluding innovations that can impact 3137; email: [email protected]; web- explain the time impact analysis and architecture, engineering and con- cus on the entire manufacturing the process. Cobo Center, Detroit. site: bigmevent.com.

BUSINESS DIARY

ACQUISITIONS & MERGERS Rochester Hills. Telephone: (248) 375- plant in Itatiba City, Brazil. Website: 0180. Website: paper-source.com. borgwarner.com. Agree Realty Corp., Farmington Hills, acquired a former TGI Friday’s restau- Aubree’s Pizzeria & Grill, Ypsilanti, Meritor Wabco, Troy, and SmartDrive rant in St. Augustine, Fla., that will be opened a restaurant at 21775 Pontiac Systems Inc., San Diego, are develop- redeveloped for Buffalo Wild Wings. Trail, South Lyon. Telephone: (248) ing the ProView Powered by Smart- The project, pre-leased to Buffalo Wild 437-8000. Website: aubrees.com. Drive performance management sys- Wings under a 15-year agreement, is Bazco Oil Co., New Haven, opened a tem to help fleets improve safety and expected to be completed in the fourth new Citgo location at 13841 Ford Road, operational efficiency through video quarter. Website: agreerealty.com. Dearborn. Telephone: (313) 581-0433. analysis. Websites: meritorwabco Website: bazcooil.com. .com, smartdrive.net. CONTRACTS LENDING MOVES NEW SERVICES Rubicon Genomics Inc., Ann Arbor, added three life science distributors Alteris Group LLC, training and mar- Carbon Media Group LLC, Bingham to growing businesses in China — Emei Tongde Technology keting, moved its office from 29110 Farms, a producer of digital content Development Co. Ltd., RockGene Inkster Road, Suite 100, to 26600 Tele- for outdoor enthusiasts, is offering its remains our top priority. BioTech Ltd. and GeneOcean Biotech graph Road, Suite 101, Southfield. proprietary digital network, Ltd. — to expand the availability of its Telephone: (248) 477-5560. Website: CarbonTV, to television viewers Hennessey Capital is now Hitachi Business Finance DNA library preparation products. alterisgroup.com. through Roku, a digital media player Website: rubicongenomics.com. Akervall Technologies Inc. is expand- that allows viewers to stream Internet ÁH[LEOH ing and moved from 5643 Plymouth content to their televisions. Websites: Offering a world of financing EXPANSIONS Road, Ann Arbor, to 1512 Woodland carbonmedia.com, roku.com. RSWLRQV grow Drive, Saline. Telephone: (734) 485- for companies that want to . Lane Bryant Inc., Columbus, Ohio, 2949. Website: sisuguard.com. STARTUPS opened a store at the Village of 248.658.1100 ZZZ.+LWDFKL%XVLQHVV)LQDQFH.FRP Rochester Hills, 220 N. Adams Road, Gift Baskets by Vernita, Detroit, an on- Rochester Hills. Telephone: (248) 375- NEW PRODUCTS line store specializing in gift baskets, 0127. Website: lanebryant.com. Paper BorgWarner Inc., Auburn Hills, began flowers, candles and cookie bouquets. Source Inc., Chicago, also opened a producing its electronically con- Website: giftbasketsbyvernita.labella store at the mall, 196 N. Adams Road, trolled Visctronic fan drives at its new baskets.com. 20140526-NEWS--0018-NAT-CCI-CD_-- 5/23/2014 5:33 PM Page 1

Page 18 CRAIN’S DETROIT BUSINESS May 26, 2014 Compuware: 2 distinct businesses require split GM, UM extend ■ From Page 1 various software applications in real time. The APM business has low margins but is board representation and seeing some of its Paul also told Crain’s that the 80 percent growing quickly and is expected to continue recommendations implemented for how the R&D agreement stake that Compuware owns in Covisint Corp., growing. company should be run. which it spun off in an IPO last September, For the year that ended March 31, Com- Dispersing Covisint shares to investors will be dispersed to current Compuware puware had net income of $71.6 million on and splitting Compuware in two are exam- shareholders by mid-September. revenue of $720.8 million. Paul said that a lit- ples of active management. with new labs At that time, Paul said, he will step down tle less than 50 percent of the revenue and One institutional investor, who asked not as chairman of the board but retain a board nearly all of the net income came from the to be named, was very pleased Friday with General Motors Co. and the University of seat. mainframe business. Paul’s plans to disperse Covisint stock and Michigan have agreed to extend their Covisint is a cloud-based data storage and Splitting the company into two parts to break Compuware into two parts. more than 50-year relationship with the sharing company that targets the auto and would, in theory, please all three categories “It’s value-creating. These are the right opening of the Automotive Collaborative health care industries. It had $97.1 million in of Compuware’s institutional investors, said moves,” he said. “This all bodes very well. I Research Laboratories. revenue for the year that ended March 31. Paul. think everything Paul has done is very value- The division will research engine sys- Paul said Compuware’s institutional in- The new company, with its high margins, enhancing, and in the next few months, you’ll tems and advanced manufacturing, op- vestors can be divided into three classes — would pay high dividends, but the share price see more signs of it.” erating alongside a smart materials col- value investors, growth investors and ac- would be stagnant. Value investors would He estimated the mainframe business laborative research laboratory that tivist investors, and that having more want to hold onto the stock in the new compa- would be worth $5 a share if it were an inde- began in 2005. stock available can help drive share price ny, said Paul. pendent company today, and the APM busi- The agreement will run through higher. “The mainframe business generates a ton ness would be worth $7. That total of $12 com- 2017. Because Covisint continues to lose money of cash,” he said. pares to Compuware’s share price at Friday’s Within the Automotive CRL, the en- as it grows the business — $35.7 million in Paul said splitting off the mainframe busi- opening of $10.34. gine systems laboratory will research the recent fiscal year — and the company ness would position it to grow by acquiring The investor said the announcement that more fuel-efficient engines through pays no dividends, value investors likely mainframe assets from other companies. Compuware might be split into two might laser-imaging diagnostics and simula- would want to sell the stock. Because rev- “Why not be a first mover in industry con- also spur Houston-based BMC Software Inc. to tions. enue is growing quickly, growth investors solidation?” he asked. make a big bid for the mainframe business be- The advanced manufacturing facility would want to buy. Growth investors would presumably want fore it becomes independent. will look to improve plant floor opera- “It gets to be a pretty exciting stock when to keep their stock in Compuware, with its fo- BMC has long been rumored as a possible tions by combining assembly systems, we grow revenue to several hundred million, cus on a fast-growing segment with a poten- Compuware suitor. “Compuware might be simulations and technologies. and we can do that pretty quickly,” said Paul. tial for healthy increases in share price, and saying, ‘Hey, if you really want to buy the “We are looking under every nook As for the splitting of Compuware, Paul sell their stock in the mainframe business to mainframe business, now’s the time to do it, and cranny for efficiency,” GM said the two businesses are so distinct that value investors. before we spin it off,’ ” said the investor. spokesman Dan Flores said. they deserve separate management and sep- Activist investors would include New The Street.com boosted Compuware from The labs at the university are an ex- arate investors. York City-based Elliott Management Corp., a hold to a buy after Thursday’s conference tension of the company’s R&D division The mainframe business has very high which launched a takeover bid of Com- call. and do not build engines for specific ve- margins but continues to be a shrinking puware in December 2012, then made peace Tom Henderson: (313) 446-0337,then hicles or vehicle lines, he said. business as companies migrate to the cloud. with the firm this past January after getting [email protected]. Twitter: @tomhenderson2 From Automotive News

REAL ESTATE MARKET JOB FRONT PLACE RESIDENTIAL PROPERTY RECREATIONAL PROPERTY POSITIONS AVAILABLE INVESTMENT OPPORTUNITIES CHIEF ADMINISTRATIVE OFFICER You got questions... 90 ACRE METAMORA HUNT COUNTRY û û I got answers!!! Built for the Head Master of Cranbrook INVESTMENTS Wayne State University Physician Group is currently seeking qualified candidates for a Chief Administrative Officer for the Department of Psychiatry and Behavioral Neurosciences. Selling houses is all I do!! Nature Paradise ~ Private Lake Investor selling "seasoned" Mortgage Notes JOHN YUGOVICH, MBA (all or part) and possibly some rentals. This position is the Senior Administrator in a large department involved with education, International Style ~ 1938 Retreat research and clinical activities. Keller Williams Associate Broker Great Returns ! www.MetamoraLand.com The ideal candidate will be a highly motivated and dynamic administrator responsible for 248-790-8424 Interested parties email to: fiscal affairs, including budgeting, financial analysis & forecasting, human resource [email protected] management, contract management and maintaining internal and external relationships. Working closely with the Department Chair and Chief Medical Officer, the CAO will ensure AUCTIONS COINS, COLLECTABLES & GOLD the efficient and effective operation of the clinical practice and will work closely with the WSUPG corporate executive team to accomplish the mission of the Corporation. û THIS FRIDAY û BUY ~ SELL ~ LOAN Position requires a Bachelor’s degree in Business or related field, Master’s degree SHERIFF’S AUCTION preferred, and at least three years of physician/medical practice management experience. û Short Term Collateralized Loans Strong working experience in Microsoft Office utilizing excel, word, PowerPoint. Must have MAY 30th 2014 -10:00 A.M. û No Credit Checks excellent written and verbal communication skills and the ability to work independently. û PUT-IN-BAY-LAKE FRONT Confidential A competitive salary and benefits package including retirement plan with a corporate û Loans against Coins, Jewelry, Precious contribution, free parking. Qualified applicants please submit resume and salary Metals requirements to: [email protected] Abbott’s Corporation 33700 Woodward Ave., Birmingham Note: Individuals using tobacco or nicotine products will not be hired and must pass a screening test. 248-644-8565 E.O.E.

MANAGEMENT

215 Glacier Cove, Put-In-Bay MEDICAL PRACTICE OTTAWA COUNTY COURTHOUSE The Crain’s reader: MANAGER 315 Madison St., Port Clinton, OH 43452 A Primary Health Care office is seeking an www.ottawacountysheriff.info energetic health related business oriented 877-BID-ROSEN / www.BIDROSEN.com individual to lead a non profit, federally qualified ROSEN & COMPANY, INC. 29.2% are with companies health center location in the White Cloud office. This full-time position will demonstrate leadership; manage the day-to-day operations in relation to contemplating moving/ practice management, know and implement COMMERCIAL PROPERTIES practices that meet federal and state regulations, have positive customer/ employee satisfaction expanding. Help them outcomes, and provide for supervision of 35 U.S. Department of Agriculture employees while ensure compliance and integration of a patient centered health home. REAL ESTATE AUCTION find you by advertising in μ Bachelor’s Degree in Business w/emphasis in June 18th & 19th - ONLINE ONLY Health Services. Crain’s Real Estate section. μ Clinical experience preferred. 9 Apartment Complexes • 16 Units - 48 Units μ Administrative background preferred with Cheboygan, Pewamo, Clare, Beaverton, Cass City, Dundee, Clinton, experience in primary/ambulatory care and North Branch & Sturgis, MI at least three (3) years of management exp. μ Excellent oral/written communication, critical www.michiganUSDAapts.com 313.446.6068 • FAX: 313.446.034 7 thinking and problem solving, organizational 616.608.8416 skills. Jim Vander Veen E-Mail: cdbclassif [email protected] μ Desire to work within a team and a varied John L. Johnson, CCIM culture of service. All Sperry Van Ness® Offices David E. Gilmore, CCIM Independently Owned and Operated Apply at: www.Familyhealthcare.org 20140526-NEWS--0019-NAT-CCI-CD_-- 5/23/2014 5:47 PM Page 1

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 19 Study: Henry Ford research seeks better prevention methods ■ From Page 3 three areas: childhood obesity and who are interested” in the pilot ordinating the complete health provement. Childhood obesity and asthma asthma and hysterectomies. studies, Johnson said. and social care needs of their pa- “The theory is people who come pose significant problems for par- Beyond the agency grant, John- Henry Ford is one of seven orga- tients in a comprehensive health to health classes once a week do ents and providers because chil- son said Henry Ford’s center will nizations, and the only one in management model. better because they eat better,” dren are very sensitive to peer or also look at developing other re- Michigan, to receive the $5 million “Patients who participate with Havranek said. “We have broken authority pressure, Johnson said. search projects to aid patients and federal grants to study ways to im- their doctors are definitely more the instruction into text messages. “Pediatricians address issue of health care professionals in under- prove women and children’s compliant (in their treatment plan) We are delivering the same con- obesity in children, but they don’t standing which prevention strate- health, reduce health disparities and have better outcomes,” she said. tent as the classes.” always know how to do it because it gies and treatments are best. and enhance patient outcomes. Denver Health, a Colorado-based Havranek said engaging pa- is a sensitive issue,” Johnson said. Johnson said the center initially Over the past decade, physicians integrated public health system, tients in their own care is difficult “Doctors don’t always know if par- will hire two employees — a project have become more sensitive to the also has been funded by the federal because modern medical care has ents want them to talk with their executive and an information tech- wishes of patients to become more agency to study ways to improve pa- become very technical and is less children about it, so we are trying nology staffer — to oversee the stud- involved, said tient outcomes, said Ed Havranek, easily understood. to develop a decision aid, a paper, ies. Other part-time researchers, Mary Durfee, M.D., Denver Health’s director of For example, he said, patients that helps them” to advise patients along with physicians, nurses, M.D., chief med- health services research. could choose chemotherapy to on medication and diet issues. home health and nursing home pro- ical officer with As with Denver Health’s grant, treat cancer. For women facing hysterectomy fessionals, will assist in the pro- Ann Arbor- the Henry Ford research will pro- “Chemotherapy might prolong surgery, Johnson said, the wide jects, she said. based IHA, a 150- vide good feedback to physicians life, but it could diminish the quali- variety of methods for removing physician multi- on ways to improve quality and ty of remaining life,” Havranek the uterus can lead to multiple op- specialty primary care preventive services. said. “Physicians focus on the for- tions. Properly educating patients Collaborative effort medical group. “Most medical care doesn’t start mer and de-emphasize the latter. means explaining the pluses and The center also will work with a “This move- asking patients what they want for Usually (chemotherapy) is the right minuses for each technique. number of faith-based and commu- ment toward their care,” said Havranek, a prac- thing to do, but that isn’t always Typically, hysterectomies are ei- Durfee nity organizations to provide feed- more patient- ticing cardiologist. “We should be what patients and families want.” ther traditional open surgery with back on the studies and seek volun- centered care has been going on for asking patients, ‘What is impor- Havranek said knowing upfront wide-open incisions or minimally teers to become part of the research. seven or eight years,” Durfee said. tant? What is meaningful to you? what type of conversation to have invasive procedures that include The participating organizations “This is the next step (in Henry What do you perceive as being im- with your patient can help pa- robotic or laparoscopy techniques. are the Detroit-based Brightmoor Al- Ford’s research). Many of us put pa- portant from your care?’ ” tients and doctors make decisions. “Depending on the choices, they liance, Chadsey-Condon Community Or- tients on various committees and Denver Health’s three pilot pro- “Most conversations between are all related to blood loss for pa- ganization, Fit Foundation of America, get their opinions on best care ap- jects will attempt to show how to physicians and patients are vague, tients and length of recovery and Health Alliance Plan, Interfaith Health proach.” move care outside the walls of the and very abbreviated,” he said. “It scarring,” said Johnson, adding: & Hope Coalition, Osborn Neighbor- Durfee said many physicians, six federally qualified health cen- is me telling you what I want, and “This is all about improving out- hood Alliance and Southwest Solu- including those at IHA who prac- ters that the system operates, not eliciting values from you.” comes to make medicine more ef- tions; Corinthian Missionary Baptist tice under the patient-centered Havranek said. fective — and trying to make the Church in Hamtramck; Gethsemane medical home model, already try One study, for example, will practice of health care more effec- Baptist Church in Westland; and the to find out patient goals for their transmit text messages to 160 pre- Henry Ford pilot studies tive for patients, providers, par- University of Michigan. care and collaborate on treatment diabetic patients to remind them of The same kind of decision tree ents and physicians.” “We want to talk with the com- plans. Patient-centered medical proper diets. Responses from the can apply at the other end of the Jay Greene: (313) 446-0325, munity leaders, invite them in for homes shift to primary care group will be tracked and medical health spectrum with medical [email protected]. Twitter: @jay- meals and create a pool of people providers the responsibility for co- care closely monitored for im- treatment options for children. bgreene

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Page 20 CRAIN’S DETROIT BUSINESS May 26, 2014 List: New names, industries – but one familiar sector: Autos ■ From Page 1 list in 1989 are still on it. And one of 14, was liquidated in 2008; and them, Bloomfield Hills-based Pulte- THE CHANGING FACE OF MARKET-CAP RANKINGS Tecumseh Products Co., then No. 9, is Group Inc., will come off the list too small to make the list today. when it moves its headquarters to 2014 1989 The retail marketplace has Atlanta this year. changed even more markedly Market capitalization Missing from the list in 1989? In- when looking statewide or at com- Company name on May 20 Company name Market capitalization formation technology companies. panies that were public in 1989 but Syntel Inc. now ranks 16th, with Com- 1. Ford Motor Co. $62.2 billion 1. General Motors Corp. $25.2 billion not in the top 25. puware Corp. 19th. Covisint Corp., a re- 2. General Motors Co. $52.6 billion 2. Ford Motor Co. $23.4 billion Other brands that have gone the cent spinoff from Compuware, is 10 3. BorgWarner Inc. $13.5 billion 3. Kmart Corp. $7.6 billion way of the dodo bird: Fretter Inc., spots away from making the list. 4. DTE Energy Co. $13.2 billion 4. Chrysler Corp. $5.5 billion Gerber Products Co., Highland Appli- The number of public companies 5. Ally Financial Inc. $11.6 billion 5. Masco Corp. $3.6 billion ance and Jacobson Stores Inc. in the state appears to be cyclical, 6. TRW Automotive Inc. $8.8 billion 6. Detroit Edison Co. $2.8 billion “We used to have such a rich re- too — and it’s on an up cycle, with a 7. CMS Energy Co. $7.7 billion 7. Consumers Power Co. $2.3 billion tail community here,” David said. flurry of recent or upcoming initial 8. Masco Corp. $7.4 billion 8. National Bank of Detroit $2 billion “But this rich bastion is all gone.” Jim Robinson, the former CEO public offerings by state companies 9. Pulte Group Inc. $7.1 billion 9. Sotheby’s Inc. $950.5 million following a freeze on IPOs during of Munder Capital Management who 10. Lear Corp. $6.8 billion 10. Tecumseh Products Inc. $800.7 million and after the Great Recession. has his own Grosse Pointe-based “When you lose a large, publicly 11. ITC Holdings Corp. $5.8 billion 11. Comerica Inc. $795.8 million investment firm, Robinson Capital traded company, you lose every- 12. Taubman Centers Inc. $4.7 billion 12. MascoTech Inc. $778.1 million LLC, said the loss of drugstores and thing that goes 13. Visteon Corp. $4.4 billion 13. Kelly Services Inc. $755 million department stores shows how with it,” said 14. Penske Automotive Group Inc. $4 billion 14. Manufacturers National Bank $746.2 million quickly market share can shift. David Sowerby, 15. Domino’s Pizza Inc. $4 billion 15. Handleman Co. $662.8 million While at Munder, Robinson had chief invest- 16. Syntel Inc. $3.3 billion 16. Michigan National Corp. $658.4 million a vested interest in some of the ment strategist 17. Credit Acceptance Corp. $2.9 billion 17. Federal-Mogul Inc. $628.3 million now-defunct retailers. in the Bloom- 18. Federal-Mogul Corp. $2.4 billion 18. Michigan Consolidated Gas Co. $422.9 million “We managed Jacobson’s pen- field Hills office 19. Compuware Corp. $2.3 billion 19. Pulte Corp. $340.6 million sion plan. Highland was also a of Loomis Sayles client of ours, too,” he said. “The 20. Sun Communities Inc. $1.7 billion 20. R.P. Scherer Corp. $301.1 million & Co. LP. “You appliance companies just crushed lose those high- 21. TriMas Corp. $1.6 billion 21. Standard Federal Bank $278.2 million it when DVDs came out. But then ly paid head- 22. Gentherm Inc. $1.4 billion 22. Kaydon Corp. $246.4 million they got killed by Circuit City and Sowerby quarters jobs. 23. American Axle & Manufacturing $1.3 billion 23. Security Bank Corp. $229.7 million Best Buy, and now they’re going You lose the philanthropy.” 24. Meritor Inc. $1.3 billion 24. Cross & Trecker Corp. $181.1 million away, too.” 25. Talmer Bancorp Inc. $943 million 25s. JP Industries Inc. $176.9 million Robinson said the push for larger volumes and efficiencies killed Market capitaliation data courtesy of David Sowerby, Loomis Sayles & Co. LP Revolving door of banks many of Michigan’s retailers. But a Just ask a seasoned bank execu- Wal-Mart-like push for smaller mar- tive in town how many iterations IPOs are any indication, analysts gins isn’t necessarily permanent. of business cards he or she has had THE EFFECTS OF AGING said. One recent IPO was by Ann Ar- “Things go through cycles,” he bor-based Esperion Therapeutics Inc., a over the years without technically Here are some facts that stand out from looking at the lists of the 25 said. “Look at the beer industry. changing employers. largest public companies today and 25 years ago, as ranked by market drug company. Two upcoming ini- There used to be 100 brewers in Twenty-five years ago, the top 25 capitalization: tial offerings involve another drug Michigan. A few years ago, there list had seven banks. Today, all of Only eight companies made both lists, and one of them, General Motors company, Plymouth Township- were none. Now, we’re back to 100 those banks have either been Co., is actually a new version of a bankrupt company, General Motors Corp. based ProNAi Therapeutics Inc., and a again. In the end, consumers want merged out of existence or, in Com- The others are Ford Motor Co., Masco Corp., DTE Inc., CMS Energy, Kelly maker of 3D printers, Dearborn- value, not just cheap.” erica Bank’s case, moved its head- Services Inc., Federal-Mogul Holdings Corp. and PulteGroup Inc. based EnvisionTEC Inc. (See story, Diversified Restaurant Holdings Inc., quarters to Texas. But other banks In 1989, General Motors Corp., Ford Motor Inc. and Chrysler Corp. were No. Page 11.) the fast-growing, Southfield-based have emerged. 1, No. 2 and No. 3, respectively, on the list of the 25 biggest public company that owns the largest Buffa- The big banks and their rankings companies. There were three auto suppliers. Today, the reborn Chrysler is off lo Wild Wings franchise in the coun- in 1989 were National Bank of Detroit, the list, although planning an IPO. There are eight auto suppliers in the top 25. Retail clearance rack try in downtown Detroit as well as No. 8; Comerica, No. 10; Manufactur- In addition to Chrysler and seven banks, here are the other companies from Retail, particularly sellers of Bagger Dave’s Legendary Burgers and ers National Bank, No. 13; Michigan 1989 that no longer make the top 25 — Kmart Inc., now smaller and consumer-based retail outside of Fries outlets, is taking aim at the top National Bank, No. 15; Standard Feder- headquartered in suburban Chicago; Tecumseh Products Co., now too small; cars, has all but disappeared from 25 with a ranking of No. 38. MascoTech Inc., which became part of Metaldyne LLC; Handleman Co., now al Bank, No. 20; Security Bank Corp., the landscape of Michigan public defunct; Michigan Consolidated Gas, now part of DTE Energy Co.; R.P. Scherer, “Saplings need to become se- No. 22; and First Federal Savings and sold in 1989; Kaydon Corp., acquired by Sweden-based SKF late last year; companies. quoias, and they do that by becom- Loan, No. 25. Cross & Trecker Corp., sold in 1991; and J.P. Industries Inc., sold in 1990. The number of retailers on the ing public companies,” said Loomis David said it’s not just the loss of Today, the combined market cap of the top 25 local public companies is list has fallen from four to one: Sayles’ Sowerby. the banks that hurts the region but $232.9 billion. In 1989, it was $80.6 billion. Even accounting for inflation, Bloomfield Hills-based Penske Auto- “In the late 1980s, we had 140 also the loss of their leaders and the cap has appreciated significantly. According to the Consumer Price motive Group, which includes diver- public companies in Michigan. To- what they traditionally meant to Index, $1 in 1989 has the buying power of $1.91 today. sified holdings including automo- day, it’s 70 or 75, and the loss of all the community. — Tom Henderson bile dealerships. Kmart, which was those public companies remains a “They were always active sup- the third-largest public company in long-term challenge for the state.” porters of the community at the state in 1989, when it was based Tom Henderson: (313) 446-0337, the state and region that once-pow- outstanding shares. Ford Motor Co. large,” he said. “They were very in Troy, was sold to Sears in 2005; [email protected]. Twitter: erful banks are gone and that it is No. 1, with a market cap of $62.2 helpful and active, but their banks Troy-based Handleman Co., then No. @tomhenderson2 says a lot that the biggest bank by billion and General Motors Corp. No. just got swallowed up.” market capitalization was founded 2 at $52.6 billion. This year, three banks make the in 2007 and was a one-branch bank Many suppliers on the list were list — and two are new public com- as recently as 2010. in existence 25 years ago but went panies. Detroit-based Ally Financial Chemical Financial Corp. of Mid- public since then. David said a re- Inc. — the former General Motors Ac- land is the third-largest with a mar- cent surge in ceptance Corp., which went public in Japan supplier exec indicted in price fixing ket cap of about $835 million. Noth- IPOs shows the April — ranks fifth with a market ing against Midland, Donnelly said, region is also An executive at Japan’s Tokai tors from October 2003 to Febru- capitalization of $11.6 billion. Troy- but that a relatively small bank — swinging back Rika Co. — a supplier to Toyota Mo- ary 2010 to agree to rig bids, allo- based Talmer Bancorp Inc., which “a quiet, well-run community from an over-re- tor Corp. — was indicted Thurs- cate the supply and fix prices of went public in February, is No. 25 at bank,” he called it — in a relatively liance on operat- day by a federal grand jury in De- the panels sold to Toyota for vehi- $943 million. small city in mid-Michigan is the ing as a service troit for conspiracy to fix prices cles in the United States and other Flagstar Bancorp Inc. of Troy just third-largest bank in the state sums economy. and obstruction of justice. countries. The charge has a maxi- misses the list, coming in at No. 26 up how much the landscape has “The compa- After Tokai Rika pleaded guilty mum sentence of 10 years and a $1 with a market cap of $934 million. changed. nies going public in 2012 to a U.S. Department of Jus- million criminal fine. “The trend in bank consolidation are product- tice charge of price fixing and paid Besides Tokai Rika, 26 suppli- isn’t going to change,” said John David based, not ser- a criminal fine of $17.7 million, ers, most Japanese, have pleaded Donnelly, a managing director in Manufacturing growth vice-based. It’s always better to former Executive Managing Di- guilty or agreed to plead guilty to the Grosse Pointe investment bank- Despite all the talk over the build things than to service rector Hitoshi Hirano is being similar charges, totaling $2.3 bil- ing firm of Donnelly Penman & Part- years about the region’s need to di- things,” he said. “It’s great to see charged with participating in con- lion in criminal fines. Thirty-four ners. “Twenty-five years ago, my versify from a reliance on the auto the action in the public markets. spiracies to fix the prices of heat- other supplier executives have guess is there were 14,000 to 15,000 industry, it is more dominant on IPOs are a great way for dynamic ing control panels and having em- also been charged with price fix- banks in the United States. It’s the list than ever. companies to raise capital, and ployees destroy evidence of ing. Twenty-four have pleaded down to half that now, and in less Ten auto companies are among we’ve got the infrastructure here to antitrust criminal behavior, the guilty or have agreed to plead than 25 years, there will be less than the 25 largest public companies as support them.” government said in a statement. guilty, and 22 have been sentenced 7,500.” ranked by market capitalization, Besides automotive, medical is a to one-two years in prison. Donnelly also said that it hurts According to the indictment, which is the combined worth of growing segment if the trends in Hirano met with other conspira- From Automotive News 20140526-NEWS--0021-NAT-CCI-CD_-- 5/23/2014 5:32 PM Page 1

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 21 Navy: Campbell Ewald www.crainsdetroit.com EDITOR-IN-CHIEF Keith E. Crain GROUP PUBLISHER Mary Kramer, (313) 446-0399 or [email protected] ASSOCIATE PUBLISHER Marla Wise, (313) 446- wins contract extension 6032 or [email protected] EXECUTIVE EDITOR Cindy Goodaker, (313) 446- ■ From Page 1 0460 or [email protected] MANAGING EDITOR Jennette Smith, (313) 446- process is being managed by the Districts, which employ 4,100 1622 or [email protected] MANAGER, DIGITAL STRATEGY Nancy Hanus, naval logistics office in Philadel- sailors across the country, is head- (313) 446-1621 or [email protected] MANAGING EDITOR/CUSTOM AND SPECIAL phia. quartered in Detroit. PROJECTS Daniel Duggan, (313) 446-0414 or What other agencies, if any, are The Navy has 323,900 sailors, [email protected] SENIOR EDITOR/DESIGN Bob Allen, (313) 446- seeking the Navy work hasn’t been 185,000 civilian personnel, 289 0344 or [email protected] disclosed. ships and a $156 billion budget. It’s SENIOR EDITOR Gary Piatek, (313) 446-0357 or [email protected] The RFP calls for proposals, seeking $148 billion under the $600 WEB EDITOR Kristin Bull, (313) 446-1608 or rather than live pitches, by May 30. billion Defense Authorization Act [email protected] WEST MICHIGAN EDITOR Matt Gryczan, (616) 916- The bridge contract was among of 2015 — the Pentagon’s budget for 8158 or [email protected] several announced May 19 by the next year — while dealing with the RESEARCH AND DATA EDITOR Sonya Hill, (313) 446-0402 or [email protected] U.S. Department of Defense and is mandated budget reductions WEB PRODUCER Norman Witte III, (313) 446- worth $55.3 million for eight known as the sequester. 6059, [email protected] EDITORIAL SUPPORT (313) 446-0419; YahNica FOOD COURTESY OF: months, with four one-month op- Those cuts are supposed to be- Crawford, (313) 446-0329 tions that boost the total to $85 mil- gin in 2016, but they require bud- NEWSROOM (313) 446-0329, FAX (313) 446- Andiamo Italia Melting Pot lion and take it through May 2015. get planning now. 1687 TIP LINE (313) 446-6766 Bella Piatti MillerCoors Military advertising contracts Secretary of the Navy Ray REPORTERS Jay Greene, senior reporter: Covers health care, Beverly Hills Grill Morton’s The Steakhouse typically are up for review every Mabus last year ordered Navy insurance, energy utilities and the environment. Big Rock Chop House No. VI Chophouse & Lobster Bar five years. The U.S. Marine Corps’ marketing spending to be cut dur- (313) 446-0325 or [email protected] Amy Haimerl, entrepreneurship editor: Covers Cadillac Coffee Northern Lakes Seafood Company deal with New York City-based ing the federal government shut- entrepreneurship and city of Detroit. (313) 446- 0416 or [email protected] Café Cortina OCC Culinary Studies Institute agency JWT, which dates back to down. 1947, is also in the mandated re- Lowe Campbell Ewald said it Chad Halcom: Covers litigation and the defense Café ML Ocean Prime industry. (313) 446-6796 or [email protected] view process. has experience dealing with feder- Tom Henderson: Covers banking, finance, Café Via Redcoat Tavern technology and biotechnology. (313) 446-0337 or Lowe Campbell Ewald is saying al government budget issues. An- [email protected] Coach Insignia Roadside B&G very little about the Navy situa- other longtime major government Kirk Pinho: Covers real estate, higher education, Detroit Athletic Club Roast Oakland and Macomb counties. (313) 446-0412 or tion other than it is participating client has been the U.S. Postal Ser- [email protected] Eddie Merlot’s Steve & Rocky’s Restaurant in the RFP process to retain the ac- vice, an agency in perpetual budget Bill Shea, enterprise editor: Covers media, advertising and marketing, the business of sports, Forest Grill Streetside Seafood count. crisis. and transportation. (313) 446-1626 or Joe Muer Seafood Detroit tallulah wine bar & bistro “In our 14 years as Navy’s part- “As with any of our clients, our [email protected] Dustin Walsh: Covers the business of law, auto John D Bistro The Root Restaurant and Bar ner, we’ve experienced an incredi- goal is to help them reach their suppliers, manufacturing and steel. (313) 446- ble digital revolution and lever- goals most efficiently and effec- 6042 or [email protected] Kruse & Muer Town Tavern Sherri Welch, senior reporter: Covers nonprofits, aged that in our innovative tively given their level of spend. services, retail and hospitality. (313) 446-1694 or The Lark [email protected] solutions to help Navy reach their We are accustomed to adapting to LANSING BUREAU target,” said Lowe Campbell changes like this,” said Kelly Chris Gautz: Covers business issues at the Capitol )RUPRUHLQIRUPDWLRQRUWRSXUFKDVHWLFNHWV Ewald CEO Jim Palmer in a state- Barnes, marketing and communi- and utilities. (517) 403-4403 or [email protected] YLVLWZZZWKHJDUGHQSDUW\PLFKLJDQRUJ ment. “We look forward to the op- cations manager for the agency. ADVERTISING portunity to continue our partner- SALES INQUIRIES (313) 446-6052; FAX (313) ship and help Navy reach the 393-0997 The agency SALES MANAGER Tammy Rokowski highly specialized skill sets needed SENIOR ACCOUNT EXECUTIVE: Matthew J. for the future.” Lowe Campbell Ewald had $121 Langan ADVERTISING SALES Christine Galasso, Jeff million in 2013 U.S. revenue, rank- Lasser, Sarah Stachowicz ing it 81st among all advertising CLASSIFIED SALES Angela Schutte, manager, FREE WEBINAR: The numbers agencies by that metric, according (313)-446-6051 DIGITAL MARKETING MANAGER Register at crainsdetroit.com/webinars The Navy has met or exceeded to data from Advertising Age. That Jennifer Chinn its recruiting goals every year was flat revenue versus 2012, when AUDIENCE DEVELOPMENT DIRECTOR Eric Cedo while LCE has had the marketing the agency ranked 68th-largest in EVENTS MANAGER Kacey Anderson SENIOR PRODUCER FOR DIGITAL/ONLINE work, according to its data posted the nation by revenue. PRODUCTS Pierrette Dagg online. The fate of the Navy contract SENIOR ART DIRECTOR Sylvia Kolaski This year’s enlisted recruitment comes amid a time for change for SALES SUPPORT Suzanne Janik, YahNica Crawford PRODUCTION MANAGER Wendy Kobylarz goal is 33,800. Last year, the ser- LCE, which has seen staffing more PRODUCTION SUPERVISOR Andrew Spanos vice met its goal of 40,112 new en- than halved in the past several CUSTOMER SERVICE listed sailors. years. MAIN NUMBER: Call (877) 824-9374 or write The Navy’s current campaign, The agency moved its 500 em- [email protected] SUBSCRIPTIONS $59 one year, $98 two years. “America’s Navy — A global force ployees on Jan. 21 from Warren, Out of state, $79 one year, $138 for two years. for good,” was created by Camp- where it moved in 1978 from De- Outside U.S.A., add $48 per year to out-of-state rate for surface mail. Call (313) 446-0450 or bell Ewald and launched in Octo- troit, to a new $15 million office (877) 824-9374. ber 2009. space built over 122,000 square feet SINGLE COPIES: (877) 824-9374 More recently, the agency in on five floors of the old J.L. Hudson REPRINTS: (212) 210-0750; or Alicia Samuel at [email protected] April unveiled Project Archi- Co. warehouse attached to De- TO FIND A DATE A STORY WAS PUBLISHED: teuthis, a limited-time cryptology troit’s Ford Field. (313) 446-0406 or e-mail [email protected] game on the Navy’s Cryptology Corporate owner Interpublic CRAIN’S DETROIT BUSINESS IS PUBLISHED BY CRAIN COMMUNICATIONS INC. and Technology Facebook page Group of Cos. Inc. in July made the CHAIRMAN Keith E. Crain aimed at recruiting for the firm the U.S. hub of London-based PRESIDENT Rance Crain branch’s code-breaking arm. Lowe and Partners TREASURER Mary Kay Crain sibling agency Executive Vice President/Operations Worldwide. It added the Lowe to the William A. Morrow Campbell Ewald name at that Executive Vice President/Director of Strategic The contract Operations Chris Crain time. Vice President/Production & Manufacturing The full five-year contract will The Navy is among LCE’s Dave Kamis Chief Information Officer run from January 2015 through largest clients. The largest is the Anthony DiPonio June 5 January 2016 with a series of four $244 million Cadillac account, G.D. Crain Jr. Founder (1885-1973) Mrs. G.D. Crain Jr. Chairman (1911-1996) Noon - 1 p.m. one-year options that extend it which it won in June as part of EDITORIAL & BUSINESS OFFICES: through January 2020. consortium effort called Rogue. 1155 Gratiot Ave., Detroit MI 48207-2732; (313) 446-6000 The Navy RFP didn’t list a dollar The other agencies in Rogue are Cable address: TWX 248-221-5122 AUTNEW DET value. At one time, the full contract Lowe and Boston-based Hill CRAIN’S DETROIT BUSINESS ISSN # 0882-1992 CYBERSECURITY: is published weekly, except for a special issue the was worth about $500 million. Holliday. third week of August, and no issue the third week The contract is for market re- Lowe Campbell Ewald is manag- of December by Crain Communications Inc. at 1155 Gratiot Ave., Detroit MI 48207-2732. search, account and media plan- ing the Cadillac account, Hill Holl- Periodicals postage paid at Detroit, MI and Understand the Risks, additional mailing offices. POSTMASTER: Send ning, creative, events, public rela- iday is doing the creative work, address changes to CRAIN’S DETROIT BUSINESS, tions, support and analysis of and Lowe has the digital and ex- Circulation Department, P.O. Box 07925, Detroit, MI 48207-9732. GST # 136760444. Printed in effectiveness. The marketing is for port work. U.S.A. Reduce Your Exposure traditional advertising, such as Other major clients include On- Entire contents copyright 2014 by Crain Communications Inc. All rights reserved. print and broadcast, and for mo- Star, Eastern Market Corp., Alltel Reproduction or use of editorial content in any bile and digital work. Wireless, Atkins Nutritionals Inc., Con- manner without permission is strictly prohibited. The Navy spent $43.7 million in sumers Energy, Kaiser Permanente, sponsored by: measured media in 2012, according LifeLock Inc., Snuggle, Unilever, USAA to the Ad Age Data Center. That and Western Governors University. was an 84 percent increase over Bill Shea: (313) 446-1626, 2011. [email protected]. Twitter: One of its 26 Navy Recruiting @bill_shea19 20140526-NEWS--0022-NAT-CCI-CD_-- 5/23/2014 5:47 PM Page 1

Page 22 CRAIN’S DETROIT BUSINESS May 26, 2014 Haven: New shelter will have more room for support services ■ From Page 3 also helps with safety concerns.” its $5 million goal to help fund the nurse each from the Oakland County well as our organization,” Morri- vivors, McPeek said. The groundbreaking for the pro- project since launching the cam- Health Department and Mercy Place son said. Like Haven, Turning Point is ject is set for June 18, with comple- paign in fall 2010. It’s also seeking clinic in Pontiac will be on-site to Since moving into its new shel- moving away from keeping its loca- tion scheduled by fall 2015. It will be $3 million in new market tax cred- provide health assessments and ter in Mt. Clemens last December, tion and work a secret, she said. on 6 acres of vacant land purchased its, Morrison said. blood pressure checks. Well-baby Turning Point has also expanded the Just before opening its new shelter from local developer Walter Cohen The nonprofit, which employs checks, immunizations and treat- number of services it offers by late last year, the agency — which in 2012 for $527,000, Morrison said. 51, is operating on a $2.9 million ment for non-urgent care will also working with other agencies to is operating on a $2.5 million bud- Comprising three connected budget for 2014, and ended 2013 be offered. provide them on-site in open meet- get this year — hosted a public tour buildings, the complex will total with a slight surplus of about Southfield-based JVS plans to ing spaces incorporated into the of the facility to show the communi- 36,000 square feet, or triple the $25,000, Morrison said. She is pro- bring a job training and placement renovated and expanded site. ty what it had helped fund and to space of Haven’s current undis- jecting a similar surplus for fiscal program for women to the new “When battered women get to highlight all of the services offered, closed site in downtown Pontiac. 2014, which ends in September. complex, and an attorney from us, they have been isolated; they from crisis center to counseling. The larger space will enable the Last year, Haven provided 12,000 Lakeshore Legal Aid will be on site don’t really have a lot of informa- Turning Point still doesn’t list the agency to add 10 beds, giving it 55, people with shelter, counseling, to provide civil legal services, tion about anything that is possi- shelter’s address on its website. But and to consolidate its Pontiac shel- court advocacy, forensic examina- Morrison said. ble for them to reach out to,” said the fact that the expansion on the ter and counseling center and tions and crisis-response services. “This is creating a one-stop Deborah McPeek, acting CEO and renovated building is the newest forensic exam sites, which now op- The new shelter complex will in- shop, bringing as many services as director of programs. construction in town certainly erate from leased space in Bingham clude space so that other agencies possible to one location so that a “They sit and talk to the women makes it more visible, she said. Farms and Royal Oak. can bring additional services on- survivor can get multiple needs at the shelter ... but bringing other Because of the community’s in- Haven plans to sell the current site. The one-stop approach is one met at once as opposed to having ... providers in puts a face to them, in creased involvement and knowl- shelter after moving to the new site. already employed by other agencies to get on a bus or drive to get all of a safe, nonjudgmental space edge of the issues around domestic Stucky-Vitale Architects Inc. in Roy- serving the homeless, veterans, se- their needs met,” she said. (where) women can just get the in- violence and sexual abuse, “we’re al Oak is architect on the project, niors and the hungry. It’s been It’s an approach that’s proven to formation they need and be able to moving toward making this less of and Rochester-based Frank Rewold adopted by domestic and sexual vio- encourage more victims to seek make decisions.” a secret,” McPeek said. and Son Inc. is construction manag- lence shelters in 33 states, Haven other supportive services and “is a The wrap-around service ap- Sherri Welch: (313) 446-1694, er. said. best practice (as) the most efficient proach makes the process of get- [email protected]. Twitter: Haven has raised 80 percent of A medical clinic staffed with a and cost-effective for our clients, as ting other help less scary for sur- @sherriwelch

Chase: Funds in $100M city investment ‘will be flowing soon’ ■ From Page 3 Invest Detroit’s president. including Sue Mosey, president of ulators and real-estate investors, “They’re loaning us money un- Midtown Detroit Inc.; Southwest Solu- Scher only wanted improvement der what I call extremely favorable More money to tions; Invest Detroit; and The Kresge I told (Chase’s loans to be available to first-time terms,” said Blaskiewicz. Foundation. “ homebuyers. “Let’s just say it’s very patient After Detroit’s mayoral election Peter Scher)... ‘If “I took him to the neighbor- money, at lower cost and at longer come from Chase last November, Chase contacted hoods to show them what we were terms than we’d normally lend,” Mayor-elect Mike Duggan. Meet- they’re willing to buy doing,” recounted Duggan. “I told More Chase Bank money will said Scher. ings with Gov. Rick Snyder and offi- him: ‘I don’t care if it’s a first-time be flowing into Detroit than In addition to the $40 million for cials from the Michigan Economic De- an abandoned house buyer or a third-time buyer. If what was announced at the Gar- commercial and industrial develop- velopment Corp. soon followed. they’re willing to buy an aban- den Theater in Midtown on ment, Chase will spend $25 million Interestingly enough, said Scher, and move into doned house and move into De- Wednesday, according to Peter on blight-removal projects, includ- a project in Detroit was anything troit, they need a loan.’ ” Scher, the J.P. Morgan Chase & ing $5 million for the Detroit Land but a done deal. If after Chase offi- Detroit, they need a Scher changed his mind. Co. executive who will be man- Bank Authority, which is assembling cials did their due diligence and Blaskiewicz said that what sur- aging the five-year $100 million loan.’ abandoned houses to sell at auction didn’t like what they were hearing prised him about the Chase an- economic development program ” to those willing to bring them up to or finding, “Jamie was fully pre- nouncement is how compartmen- for the city. Mike Duggan code, and $5 million for rehabilita- pared for us to say, ‘No, there’s talized the bank kept everything As executive vice president tion loans for those purchasing nothing we can do.’ ” through months of planning, meet- and head of corporate responsi- houses at auction. Instead, said Scher, Chase execu- ings and trips to town by New bility, Scher oversees govern- Chase will also spend $12.5 mil- tives were impressed by local offi- the size right at the end. Someone York executives. ment relations and philan- lion on workforce training pro- cials, and particularly by the will- from Chase said, ‘Let’s say, hypo- “I didn’t know who was getting thropy for the nation’s largest grams for city residents and $12.5 ingness of Duggan and Snyder to thetically, that if we gave you $25 what until the news broke,” he bank. He is also chairman of million on a variety of other pro- work collegially, something that, as million, how would you spend it?’ said. “They partitioned it so well. the Chase Foundation, which will jects, including the M-1 Rail project a Washington, D.C., resident, Scher We put a proposal together and Hey, I’m on the TechTown board, be writing checks for more than on Woodward Avenue and on Tech- isn’t used to seeing from Democrats they said, ‘You know the market and I didn’t know about its grant half of the commitment. Town and Bizdom to help them help and Republicans. better than we do. Do it.’ ” until I read about it.” Scher said that as head of cor- entrepreneurs start companies. In all, Scher said he made six At the luncheon last Wednesday Dave Egner, executive director porate responsibility, he over- TechTown’s piece of the puzzle trips to Detroit and members of his at the Garden Theater in Midtown, of the New Economy Initiative, said he seas a worldwide team of about is a one-year $180,000 grant from New York team made 30 to 40. where the Chase program was un- didn’t know the size of the Chase 150. Each summer, for three or the Chase Foundation to support a Blaskiewicz first found out about veiled, Duggan told the crowd that program or details until news start- four days, the team gathers in retail boot camp for would-be en- Chase’s interest in November from Chase listened to local leaders be- ed breaking on Tuesday and was New York City. This year, trepreneurs and the expansion of a local Chase lender, Aaron Sey- fore deciding how to spend its mon- confirmed at a dinner attended by though, the team will be holding its SWOT program. bert. “We already had a terrific rela- ey. Chase officials and local business its meeting in downtown Detroit SWOT (Strengths, Weaknesses, tionship with him. He’s done a “They didn’t come in and say, leaders that night. in July. Opportunities and Threats) was number of new-market tax credits ‘We’re from Wall Street, we know “Everything was highly cur- Scher jokingly promised launched in 2012 to deliver entre- for us,” he said. how to get things done.’ We did tained off,” he said. Crain’s that “we’ll spend a lot of preneurial support services into “He called me and said some se- this together,” he said. He said he began meeting with money.” Detroit neighborhoods. nior executives were coming in Chase officials about eight weeks — Tom Henderson The program launched in Bright- from New York and would I meet Loans for homes ago and that their involvement has moor, and a grant of $800,000 from with them. We had a terrific con- grown beyond the commitment of the U.S. Department of Health and Hu- where Chase has a major presence. versation about Detroit. I told them In an interview with Crain’s $100 million. He said the NEI is man Services last year expanded it Early last fall, when Detroit was it was a great time to be here, and Thursday, Duggan pointed out one forming three new working groups into the East Jefferson corridor, making national headlines over its we all went on our separate ways.” example of how Chase executives in the next month or two — on how Grandmont Rosedale and Osborn bankruptcy, Scher said Dimon Blaskiewicz said he got a call listened to people here. to fill the gaps in capital markets, neighborhoods. called a meeting of senior execu- from someone in New York four or Scher had already recognized a on boosting neighborhood entrepre- The Chase grant will expand the tives in New York to ask for sug- six weeks later, saying Chase was real need for people who bought neurship and how to recruit more program into the city’s University gestions about what the bank still thinking about doing some- houses at auction to get loans to fix minorities and women in into de- District, named for its proximity might try doing here. thing in Detroit, which led to a se- them up. As Scher told Crain’s, “A velopment projects — and Chase to the University of Detroit Mercy. “He said, ‘Go see what you can ries of emails, phone calls and in- bank is just not going to loan you representatives will be on all three. do,’ ” said Scher. person meetings. $25,000 to fix up a house you Egner also said Chase and NEI Dimon then called Dan Gilbert to “I can tell you exactly how many bought for $25,000. That’s not a have agreed to share data they The genesis tell him the bank wanted to do meetings I had: A lot,” Blaskiewicz normal loan product for a bank.” have gathered and continue to Scher said the genesis for the something substantial to help devel- said jokingly. So he was willing to make such gather on how capital flows in and $100 million program was in 2012, opment in Detroit, and executives It was only toward the end of the loans part of Chase’s project here. out of the area. when Chase Chairman and CEO in New York and Detroit began process that he had any idea of the But agreeing to fund such im- Tom Henderson: (313) 446-0337, Jamie Dimon took a bus tour of the reaching out to local business lead- scale of Chase’s intentions. provements was only half the bat- [email protected]. Twitter: area, something he does in cities ers and community organizations, “We started getting a sense of tle. Not wanting to encourage spec- @tomhenderson2 20140526-NEWS--0023-NAT-CCI-CD_-- 5/23/2014 6:13 PM Page 1

May 26, 2014 CRAIN’S DETROIT BUSINESS Page 23 RUMBLINGS WEEK ON THE WEB FROM WWW.CRAINSDETROIT.COM, WEEK OF MAY 17-23

tall pedestals and rein- port will receive $14.8 mil- tal compensation, accord- forced with high-density Judge allows lion from the U.S. Depart- ing to a study released by steel. ment of Transportation for The Chronicle of Higher Ed- One Detroit Gillary said the sculp- runway improvements. ucation. tures embody the best of Conyers to Ⅲ In a deal with the Ⅲ The Michigan Gaming athletes through dramatic Metro Detroit Chevy Dealers Control Board suspended athletic scenes. Local Marketing Association, charity poker games at Mr. Center rises on The bronzes are a baseball stay on ballot the Detroit Tigers began stag- B’s Poker Room in Troy, and triple play; the end of a 440- ing third-inning mascot suspended the license of Ar- meter race inspired by the judge ordered that races at Comerica Park fea- cadia Poker Supplier LLC, 1976 Summer Olympics; a U.S. Rep. John Cony- turing people costumed as which provided tables, pivoting running back; and A ers, who has been in stylized cartoon versions of chips and other equipment social media classic Chevrolets. for games there. a female diving off the block. Congress since 1965, be DAC members are rais- placed on the August prima- Ⅲ University of Michigan Ⅲ Victor Mercado, the wa- ne Detroit Center, the Greg Camia, lead executive of ing the money for the sculp- ry ballot, AP reported. State regents approved construc- ter department chief for for- high-rise office One Detroit Center and se- tures, Gillary said, and the election officials Friday de- tion of a $38.5 million build- mer Detroit Mayor Kwame O building at 500 nior vice president of iStar city of Detroit handed over clared the ing to house operations and Kilpatrick, was sentenced to Woodward Ave. downtown, Financial, in a statement. control of the land along Detroit De- maintenance for the Depart- eight months in a halfway is on Twitter (@1DetroitCen- Houston-based Hines Inter- Madison Avenue, where mocrat in- ment of Parking & Trans- house for his role in a wide- ter). And Facebook. And ests LP developed the build- three of the sculptures will eligible for portation Services. ranging federal corruption LinkedIn. ing, at the northwest corner be displayed. The diver will the ballot Ⅲ The University of Michi- case, AP reported. What’s next? Snapchat? of Larned Street and Wood- be displayed at the DAC’s because gan Center for Entrepreneur- Ⅲ A scheduled May 21 It’s part of a marketing ward, in 1991 for $200 mil- circle drive entrance. they found ship and Detroit-based non- online auction of Pontiac Sil- and communications cam- lion. By 2007, it was just 40 Schomberg will come to problems profit NextEnergy kicked off verdome items was delayed paign for the 957,000-square- percent occupied, and Detroit this fall to ensure with some a training program to run by Plymouth-based RJM foot, 45-story building. Hines was forced to give it through mid-June for en- Auctions, AP reported. the pedestals are installed Conyers people who One Detroit Center’s ac- back to the lender, iStar Fi- correctly, and again next gathered trepreneurs seeking to Ⅲ Highlighted by visits counts will be used in a va- nancial. April, when the statues are signatures for him to run for commercialize energy and from “Star Trek” original riety of ways, including pro- One Detroit Center is not installed. another term. But a few transportation technolo- William Shatner and cast moting current and future alone in its social media hours later, Detroit federal gies, AP reported. members from TV’s “The events, sharing photos of star power: The Renaissance Judge Matthew Leitman is- Ⅲ Walgreen Co., Deerfield, Walking Dead,” the Motor Detroit landmarks that can Center can be followed on BITS & PIECES sued an injunction ordering Ill., will collaborate to coor- City Comic Con drew an esti- be seen from the building, Twitter at @GMRenCen. dinate patient care with mated 35,000 to 40,000 peo- Ⅲ Detroit Zoological Soci- that Conyers’ name be showcasing its design ele- Livonia-based health system ple over three days to the ety board member Shery Cot- placed on the ballot. ments, announcing tenant CHE Trinity Health, Modern Suburban Collection Show- ton, along with husband accomplishments, and pro- DAC to install outdoor Healthcare reported. place in Novi. David Cotton, on Thursday moting sporting and cultur- bronze athletic sculptures ON THE MOVE Ⅲ Spring Arbor University Ⅲ Actor Denis Leary pre- al events, according to a announced the family’s do- Ⅲ Michael Ford, CEO of announced it will open a sented the Detroit Fire Depart- news release. The Detroit Athletic Club is nation of $500,000 for devel- the Ann Arbor Transportation 10,000-square-foot campus ment new equipment paid As of Friday morning, the commemorating the centen- opment of a wolf habitat at Authority, was voted to be in Southfield on Sept. 8, AP for by proceeds from building’s Twitter account nial of its clubhouse next the Detroit Zoo to be built hired as CEO of the new Re- reported. “Burn,” a documentary film had 95 followers and 255 year by spending $2.2 mil- this year at the facility’s gional Transit Authority of Ⅲ Detroit-based Wolverine about the city’s firefighters, tweets. Its Facebook page lion for four bronze sculp- southwest corner. The Southeast Michigan by the Packing Co. recalled 1.8 mil- AP reported. Leary is a had 217 “likes,” and its tures that will be displayed “Sunset at the Zoo” annual transit board. lion pounds of ground beef “Burn” executive producer. LinkedIn account had 32 fol- along the Madison Avenue strolling supper fundraiser Ⅲ Fortech Products Inc., a sold for restaurant use in Ⅲ U.S. Energy Secretary lowers. median and the new circle (detroitzoo.org/sunset) on Brighton-based coatings Michigan and nine other Ernest Moniz spoke at the New York City-based iStar drive entrance. June 13 also will benefit the and lubricants supplier, states, due to possible Detroit Area Pre-College Engi- Financial Inc. is the build- Ted Gillary, executive man- wolf habitat. hired Luis Madaleno as COO. E. coli bacteria contamina- neering Program to mark the ing’s majority owner. ager at the He had been COO of Asia- tion, AP reported. city’s progress installing Southfield-based Signature DAC, said Pacific operations for Cen- energy-efficient LED street- Associates Inc. is the proper- Colorado- ter Line-based Sodecia Corp. lights, AP reported. ty manager and leasing based sculp- OTHER NEWS Ⅲ Scott Monty left Dear- Ⅲ The Michigan Senate agent. tor A. Thomas born-based Ford Motor Co. Ⅲ The Republican-led set the stage for a potential “Using social media to en- Schomberg, after six years as its strate- Michigan House approved vote on a plan to raise $1.5 gage with our tenants will known for gic adviser on social media spending $195 million to billion more a year to fix be an effective, additional his “Rocky” and digital activities, Auto- help prevent steep cuts in deteriorating state roads, form of communication and statue in motive News reported. Detroit retiree pensions and primarily through a sizable is consistent with the ap- Philadel- Ⅲ State Treasurer Kevin the sale of valuable art, link- hike in fuel taxes paid by proach other iconic build- phia, will Clinton recommended the ing the state with a broader drivers, AP reported. The ings like the Empire State make the 9- appointment of Robert deal designed to end the chamber revised a House- Building in New York City foot sculp- Burgess, a former supply city’s public bankruptcy, AP approved transportation and The Willis Tower (former- tures. chain director for General reported. The House voted funding plan but stopped ly the Sears Tower) in Chica- They will COURTESY OF DETROIT ATHLETIC CLUB Motors Co.’s powertrain to prohibit the renewal of a short of voting. go are taking from a commu- be displayed Bronze sculptures showing sports scenes will unit, as a consultant for 10-year property tax millage Ⅲ Comerica Bank’s Michi- nications standpoint,” said on 9½-foot soon be displayed by the Detroit Athletic Club. Royal Oak Township, which in Macomb, Oakland and gan Economic Activity Index Gov. Rick Snyder declared in Wayne counties that pro- declined in March for the March to be in a state of fi- vides the Detroit Institute of fifth straight month. nancial emergency. Arts $23 million a year. Ⅲ The fleet of A-10 fight- Ⅲ Americans for Prosperity, ers and hundreds of related a conservative advocacy jobs at Selfridge Air National COMPANY NEWS group backed by brothers Guard Base in Harrison Township could be spared, Ⅲ DMC Surgery Hospital in Charles and David Koch, BEST FROM THE BLOGS after the U.S. House of Rep- Madison Heights said it launched an effort to fight READ THESE POSTS AND MORE AT WWW.CRAINSDETROIT.COM/BLOGS resentatives passed its ver- will convert its emergency the proposed Detroit bank- sion of a 2015 defense bill department into an urgent ruptcy plan, Bloomberg re- preserving them. Old buildings need priority Goodwill to pop up at market care center July 1 because ported. Meanwhile, the emergency case volume Michigan Department of Envi- Historic building Goodwill Industries hasn’t met expectations. ronmental Quality said it OBITUARIES preservation“ has spurred of“ Greater Detroit plans Ⅲ Ann Arbor Spark named plans to reject Detroit Bulk economic growth to open a pop-up resale Ann Arbor-based Tangent Storage’s request to store Ⅲ General Gordon Baker elsewhere, and can do the boutique at Eastern Medical Technologies its en- piles of petroleum coke from Jr., a Detroit-area activist same in Detroit, Stephanie Market on June 1, trepreneurial company of Koch Minerals — an affiliate and officer in the United Meeks, president of the operating it every other of the brothers’ Koch Indus- Auto Workers and two-time National Trust for Historic Sunday. the year; Ken Nisbet, execu- Preservation, said at a tive director of the University tries Inc. — at an open river- state House candidate, died Detroit Economic Club ” of Michigan’s Office of Technol- front site in River Rouge. May 18. He was 72. meeting. ogy Transfer, as volunteer of Ⅲ The University of Michi- Ⅲ Leonard (Len) Barnes, the year; and Lake Trust Cred- gan’s Mary Sue Coleman is longtime editor and colum- Kirk Pinho’s “Big City, Big Deals” blog” can be found Sherri Welch’s blog on “The Business of Being it Union as business develop- one of nine college presi- nist for AAA Michigan Liv- at www.crainsdetroit.com/section/blogKirkPinho Nonprofit” is at www.crainsdetroit.com/welch ment project of the year. dents nationwide earning ing magazine, died May 12. Ⅲ Detroit Metropolitan Air- more than $1 million in to- He was 94. DBpageAD_DBpageAD.qxd 5/23/2014 12:04 PM Page 1 CELEBRATE THE 2014 CLASS OF 20 IN THEIR 20s

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