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DETROIT BUSINESS MAIN 01-14-08 A 1 CDB 1/11/2008 6:49 PM Page 1 ® http://www.crainsdetroit.com Vol. 24, No. 2 JANUARY 14 – 20, 2008 $2 a copy; $59 a year ©Entire contents copyright 2008 by Crain Communications Inc. All rights reserved THIS JUST IN 2007 Huron Capital ends year Cobo may be with flurry of deals Newsmaker Detroit-based Huron Capi- tal Partners L.L.C. will an- nounce Monday it closed of the Year five deals in December, capping its busiest year ever. It made four acquisi- Ron Gettelfinger honored tions in the month and sold tax-free zone one company. For the year, it had 12 acquisitions and for historic labor agreement three divestitures totaling $225 million, according to hen 2007 began, one question loomed over State may give $150M for expansion managing director Brian the auto industry: Could the United Auto Demkowicz. W Workers and the Detroit 3 reach new labor BY DANIEL DUGGAN Oakland County exec- In December, Huron ac- agreements and avoid crippling strikes that would CRAIN’S DETROIT BUSINESS utive, said it’s his un- quired a controlling inter- derstanding that est in Livonia-based Michi- further damage Michigan’s ailing economy? A package of legislation is expected to Granholm’s office will gan Orthopedic Services The answer, fortunately, was yes. be announced at the North American Inter- find $150 million in L.L.C. It also bought NSO The parties negotiated ground- national Auto Show this week aimed at ad- state funding for the Press Inc. of Denver for a vancing efforts to renovate and expand breaking contracts that provided plan. See This Just In, Page 2 Cobo Center. “We’ve been asking for the UAW to take over Sweetening the deal will be a plan for for the state to be at responsibility for retiree health “tax-free zones” extended to Michigan the table since the convention centers in which exhibitors care from the automakers, two- Ficano spring of 2003, so it’s tier wage structures and other can sell products to consumers without great that they’re in- charging sales tax. LAST CALL FOR ENTRIES agreements that together are volved,” he said. “That mitigates a lot of Boats, electronics — and possibly au- other sins.” Involved in a merger or expected to save automakers tomobiles — are included in the mea- The legislation will include the cre- acquisition in 2007? Ron Gettelfinger $1,000 a car by 2010. sure, giving the region a heavy-duty tool ation of a regional authority of govern- You may be eligible for the to recruit new shows. ment bodies, which will own and operate first Crain’s M&A Awards And while several UAW executives played key roles, “We’ll be able to draw new shows to Cobo, and a seven-year extension of the competition. UAW President Ron Gettelfinger was in charge. the state, where nine times out of 10 we current hotel and liquor tax. Crain’s For helping to make the automakers, and ultimately weren’t getting those shows before,” said Along with the legislation, Ficano will Detroit Michigan, more competitive, Ron Gettelfinger has Wayne County Executive Robert Ficano, roll out details of his latest expansion Business is who is pushing the plan. working with been selected as Crain’s Newsmaker of the Year plan, which differs from the last proposal Ficano announced the tax-free zone in the Detroit for 2007. by Oakland County Executive L. Brooks chapter of February last year but now may have Patterson. the See stories, Page 20. gained support from Gov. Jennifer Association for Corporate Granholm. Robert Daddow, assistant See Cobo, Page 18 Growth to honor companies and individuals in the following categories: Best Deal of the Year — Three awards: Up to $25 million in value; more than $25 million-$100 million; and more than $100 million. War economics Ⅲ Deal Maker of the Year — M&A experts, lenders, CPAs, consultants and attorneys, Defense supply industry growing among others, are eligible. Entries may be for individuals BY CHAD HALCOM stuff we supply is to replace a part or firms. CRAIN’S DETROIT BUSINESS on a piece of equipment that may Ⅲ Lifetime Achievement — have been damaged or broken in the Senior-level executive who has An industry that helps fight the field, like in Iraq or Afghanistan.” been involved in significant nation’s wars will also help put a lit- transactions and made a Coordinated Defense has grown tle fight back into Southeast Michi- significant impact on the from two workers — Jozefiak and community. gan’s job market during 2008. partner Jim Dial — when it opened Ⅲ Best Minority/Woman For Clinton Township-based Coor- in March 2006 to 10 full-time employ- Enterprise Deal dinated Defense Supply Systems Inc., ees as of this month, and Jozefiak Applications for the M&A awards troop deployment in Iraq and expects to do more hiring. The com- can be found at www. Afghanistan has been a contribut- pany handles distribution and crainsdetroit.com/nominate. ing factor to growth since its launch makes some specialized parts — like The deadline for entering is two years ago. President Michael wiring harnesses and armor compo- Thursday. Winners will be Jozefiak IV estimates the company nents — on a requisition basis for announced at a March 13 has done $1 million or so in revenue the military. reception and strolling dinner at since last March. Also increasing its local presence JOHN F. MARTIN the Troy Marriott and profiled in is BAE Systems Inc., the Rockville, an edition of Crain’s. “The war has played a large part Michael Jozefiak IV has seen his company grow from two workers to 10 since in our business,” he said. “A lot of See Defense, Page 19 it opened in March 2006, and he expects it to continue to grow. Chinese automakers at Business groups target tax NAIAS, Page 8; suppliers’ surcharge, Page 3 NEWSPAPER plans for show, Page 3 DETROIT BUSINESS MAIN 01-14-08 A 2 CDB 1/11/2008 6:50 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS January 14, 2008 velopment Group, which is devel- and which is currently investi- Jewish Fund contributes Skid, 25, is a recent graduate of THIS JUST IN oping the site, said his company gating a possible public offering. the University of Missouri School of plans to demolish the Kmart — Tom Henderson to hospital campaign Journalism with a degree in con- ■ From Page 1 building in April and begin con- The Jewish Fund said it made a $2 vergence jour- struction midsummer. The com- Venture fund investments million grant to DMC Sinai Grace nalism. The portfolio company it bought in pany will recycle or salvage up to Hospital to support the silent phase newly created July, TouchPoint Print Solutions Corp. 50 percent of the Kmart building include Ann Arbor company of its $25 million capital campaign program com- of Chicago. Huron also bought two materials. The Pavilions and the to build a new emergency medi- bines radio, transportation companies in the transit center at Maple and Credit Suisse will announce television, Monday that it has approved two cine facility. southeastern U.S and sold Califor- Coolidge are to be built by 2010. The hospital expects to begin print and the nia-based Guest Technologies L.L.C., — Chad Halcom more investments from the $95 Web. million Venture Michigan Fund, construction on the 50,000-square- which sells radio frequency soft- foot expansion within 18 months, For Crain’s, ware and services. which it manages, in Ann Arbor- Skid will com- Vines joins Compuware 2.0 based RPM Ventures L.L.C. and said Katie Spillane-Knight, vice pres- —Tom Henderson ident of development. bine his talents Jason Vines, 47, who left his po- Louisville, Ky.-based Chrysalis Skid to add photog- Ventures L.L.C. Sinai Grace is working with sition as vice president of com- Farmington Hills-based HKS Archi- raphy, sound, and video to our Troy considers streetcar route The amount of the investments munications for Chrysler L.L.C. in tects P.C. on the project. Web site, www.crainsdetroit.com. will not be disclosed, but the pre- A possible bus or streetcar December, will join Detroit-based — Sherri Begin Skid is a native of St. Louis, Mo. route between the redevelopment Compuware Corp. on Jan. 21 in the vious five investments have been His college class was only the sec- at the former Kmart Corp. head- newly created post of senior vice for either up to $7.5 million or up Multimedia reporter joins Crain’s ond to ever graduate from the quarters and a Troy regional president, Compuware 2.0. to $10 million. convergence journalism pro- Mark Weiser, RPM’s managing transit center near the edge of When asked what the “2.0” re- Nathan Skid has joined Crain’s De- gram. director, confirmed that the mon- Birmingham is being discussed ferred to, Vines said: “You’ll troit Business as multimedia re- He can be reached (313) 446-1654 ey will go toward a new fund the porter. by Troy officials. know more about that in a couple or at [email protected]. firm is raising, which is expected A formal proposal for such a of months. Not to be coy, but we’ll to be at least $75 million. service could be months or even have some announcements in the The new fund has already in- CORRECTIONS years away, said Troy Assistant next couple of months regarding vested in six companies, three Ⅲ An incorrect age was given for Walter Richburg in a Jan.