DETROIT BUSINESS MAIN 11-20-06 A 1 CDB 11/17/2006 6:07 PM Page 1

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http://www.crainsdetroit.com Vol. 22, No. 47 NOVEMBER 20 – 26, 2006 $1.50 a copy; $59 a year

©Entire contents copyright 2006 by Crain Communications Inc. All rights reserved THIS JUST IN One D’s big Metaldyne: Deals may Turnaround firms clear way for merger challenge: Metaldyne Corp. on Friday said it has formed agree- ments in principle with two groups of bondholders who Shaking had objected to its pending acquisition by Shizuoka, get M&A attention Japan-based Asahi Tec, bringing it closer to com- pleting the deal. myopia Only minor details re- Strong business has FIRMS WITH BUYOUTS AND OFFERS main, said Jeff Stafeil, Met- BY SHERRI BEGIN Local buyouts and activity in the restructuring industry: aldyne’s executive vice pres- CRAIN’S BUSINESS many talking deals Stout Risius Ross Inc., Chicago, sold its Farmington ident and CFO in a Friday Hills-based restructuring group to Grant Thornton L.L.P. in interview with Crain’s. Civic and community leaders BY BRENT SNAVELY October. Metaldyne disclosed say for the new One D regional col- CRAIN’S DETROIT BUSINESS AlixPartners L.L.C., Southfield, sold a majority stake in Thursday that its transac- laborative to succeed, it will need a its business to Hellman & Friedman L.L.C., San tion with Asahi was being detailed plan, accountability and a ’s restructuring firms, which con- Francisco, in August. postponed due to objections willingness to focus on what’s good sist of highly paid professionals that are swamped to the $1.2 billion deal by two for the region rather than for any with work in the automotive industry, are going Lindahl Gross Lievois, a six-member Bingham Farms law firm specializing in bankruptcy and legal groups of bondholders who one organization through their own period of restructuring. restructuring, was acquired in January by McDonald hold $400 million in debt. or community. The ownership of two of metro Detroit’s most Hopkins Co. L.P.A., Cleveland. “We feel like we’ve “So many prominent restructuring firms has changed reached a big milestone,” times in this re- since August and a third has considered several Conway MacKenzie & Dunleavy, Birmingham, has Stafeil said. “We do expect gion we’ve had buyout offers, even though it was not looking for received several buyout offers this year but did not … to close this transaction the viewpoint execute any of the deals. See Restructuring, Page 29 by year-end, or shortly af- that ‘the hole is- ter.” n’t on my end of Due to regulatory issues, the boat,’ ” said Stafeil said Metaldyne was Louis Green, president and CEO of unable to negotiate with its the Minority Business Devel- bondholders before Sept. 1. opment Council. “That’s foolish- Metaldyne reached the ness.” Kresge Foundation puts agreements with the bond- The group of six regional civic holders last Wednesday, but groups made public its joint work had to postpone the full last week. They are: the Cultural Al- more than $12M behind transaction because final liance of Southeastern Michigan, the details remain. Detroit Metro Convention & Visitors Under the agreements, Bureau, the Detroit Regional Cham- push for sustainable design Stafeil said bondholders ber, Detroit Renaissance, New Detroit who hold $150 million in se- and the United Way for Southeastern BY SHERRI BEGIN Michigan nior notes will receive a con- . CRAIN’S DETROIT BUSINESS sent fee equal to 8 percent of One D said it is talking with oth- the principal while holders er community organizations and It’s easy building green. of $250 million in subordi- leaders as it comes up with a re- That’s the message the Kresge Foundation is nated notes will receive a gional plan. sending to other nonprofits from its new green 12.75 percent consent fee. “Economic or development chal- headquarters in Troy through its Green Building Plus, both groups of bond- lenges cannot be solved by individ- Initiative. holders hold debt in the new- ual jurisdictions Since 2003, the foundation has put more than ly formed company. working alone,” $12 million behind the effort to The original deal called said Edsel Ford encourage nonprofits in Michi- for Asahi Tec’s majority II, who is cham- gan and around the country to owner, Belgium-based RHJ pioning the ef- incorporate sustainable International, and Mitsui & fort. design into their capital Co. Ltd., to invest $188 mil- Ford, who’d projects. lion in Asahi Tec, with $150 been tapped by Kresge planned to in- More Business million to $175 million to be the Detroit Re- vest $8 million in the pro- of Green, contributed to Metaldyne gional Chamber gram, but it has continued Page 11. for debt reduction. to work on its the planning-grant program Ford RHJ is a holding compa- Design Regional and expanded it to meet ny created by New York- Detroit initiative — tabled for now growing demand, said Eliza- based Ripplewood Holdings — urged the formation of One D beth Sullivan, senior vice L.L.C., a private-equity fund when he saw many of the organiza- president for program at whose partners include for- tions working on the same type of Kresge. mer Chrysler Corp. President planning efforts for the region. “The average nonprofit might dismiss the idea Tom Stallkamp. “It was clear to me we needed of building green because they believed it would — Brent Snavely one vision, one plan,” Ford said. PHOTO COURTESY OF THE ATLANTA COMMUNITY FOOD BANK be far more costly than a standard renovation or The Atlanta Community Food Bank built this LEED-certified See This Just In, Page 2 construction project,” she said. See One D, Page 27 facility with the help of grants from the Kresge Foundation. See Kresge, Page 29

McLaren project takes step CRAIN’S LIST forward as Beaumont unveils Largest money managers,

NEWSPAPER plans, Page 3 Page 21 DETROIT BUSINESS MAIN 11-20-06 A 2 CDB 11/17/2006 6:05 PM Page 1

Page 2 CRAIN’S DETROIT BUSINESS November 20, 2006

Visteon’s plants in Duren, Ger- Local schools to get $4.2M Presbyterian Villages gets Compuware to host first THIS JUST IN many; Praszka, Poland; and Swansea, Wales. The company to train health workers $5.2M grant for Detroit plan America’s Charities drive ■ From Page 1 also has entered into definitive Four col- The U.S. Department of Housing Chantilly, Va.-based America’s talks for Visteon’s Sao Paulo, leges and universities are receiv- and Urban Development has award- Charities has secured participa- Detroit council votes to sell Brazil, drivetrain plant. ing $4.2 million in state grants to ed Presbyterian Villages of Michigan tion in its first Southeast Michi- The plants are among 23 facto- train nurses and other health $5.2 million for construction of a gan-based workplace campaign Rackham for $11.25M care professionals. ries that Visteon has on a list to senior living community in with a drive at Compuware Corp. Detroit City Council voted 5-4 late Eastern Michigan University, Henry sell, fix or close. The Van Buren northwest Detroit. America’s Charities adminis- Friday to sell the Rackham Golf Ford Community College, Oakland Uni- ters workplace giving campaigns, Township-based auto supplier Presbyterian Villages said it Course in Huntington Woods to versity and Wayne State University, in raising funds for individual non- has accelerated its cost-cutting in plans to collaborate with St. Luke’s Farmington Hills-based Premium light of production cuts by do- partnership with local hospitals, profits. About 16 local nonprofits are among 11 educational institu- Episcopal Health Ministries on the Golf L.L.C. for $11.25 million as mestic automakers. are on the group’s roster this part of the city’s divestiture of tions statewide to share $9 million 46-unit community which will be — Crain News Service year, with five to 10 more expect- surplus properties. in grants announced Friday by the located on the site of St. Martha’s ed to be added by March, said Premium Golf wants to develop state. The grants are part of the MI Episcopal Church on Joy Road America’s Charities President the 123-acre site for homes but Florida company buys Opportunity Partnership program west of Greenfield Road. and CEO Don Sodo. may face a court battle to do so. to train workers for fields in Construction on the communi- Two other local employers plan Michigan radiation centers which there is demand. The city of Huntington Woods, ty — Presbyterian Village’s sixth to include the group in workplace — Amy Lane which also bid for the property, The network of radiation treat- in Detroit — is expected to begin campaigns this year and next, he sued Detroit to block the redevel- ment centers in Southeast Michi- by late 2007, the nonprofit said. said. opment. Oakland County Circuit gan known as MIRO Cancer Cen- Eaton’s Southfield office — Sherri Begin — Sherri Begin Court ruled in October that a 1920s ters and Michigan Comprehensive to work on fuel-cell project deed restriction requires the Cancer Institute has been acquired property to continue for public by Fort Myers, Fla.-based Radia- Cleveland-based Eaton Corp. on use. CORRECTIONS tion Therapy Services Inc. Friday said its Southfield office Council also approved sale of a Ⅲ Terms of the deal were withheld. was selected by Ford Motor Co. to A headline on Page 2 of the Nov. 13 issue should have said that portion of the former Detroit Main Street Bank The acquired network treats provide R&D for a hydrogen fuel was in Northville. House of Corrections site in cell demonstration program Ⅲ A headline on Page 30 of the Nov. 13 issue should have said that about 100 patients daily and does Northville to Bloomfield Hills- called the FreedomCAR and Fuel Jim Robinson was the new CEO and chief investment officer of Bea- about $14 million annually in rev- based Real Estate Interests Group Partnership. con Investment Co. enue. The acquired network in- Inc. for $3.9 million. About eight members from Ⅲ Due to incorrect information provided to Crain’s, the subject of a — Robert Ankeny cludes seven locations in Pontiac, Eaton’s fuel cell air delivery sys- photo on Page 23 of the Nov. 16 issue was incorrectly identified. The Farmington Hills, Madison tems team work on advanced air Pulte Homes employee in the photo is Amy Pozzi. Visteon in talks to sell plants Heights, Monroe, Clarkston, Ma- delivery compressors Ⅲ An article on Page 32 in the Nov. 13 issue incorrectly identified comb Township and Eastpointe. The research is part of a joint- Doug Brown, director of development for Brighton-based ASTI Envi- Visteon Corp. is negotiating with Radiation Therapy Services effort between the U.S. Department ronmental, as Doug Smith. GKN plc to sell the British parts (Nasdaq: RTSX) had 2005 revenue of Energy, the U.S. Council for Auto- Ⅲ Oakland University was omitted from the list of largest capital cam- supplier drivetrain plants in Eu- of about $227.3 million and about motive Research, domestic au- paigns on Page 18 of the Nov. 13 issue. It should have ranked 10th rope and Brazil. 1,000 employees. tomakers and other entities. with a campaign goal of $110 million. GKN said Friday that it wants — Andrew Dietderich — Anjali Fluker

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November 20, 2006 CRAIN’S DETROIT BUSINESS Page 3 CRAIN’S Beaumont joins N. Oakland push INDEX Help for developers? Jadda Capital raises McLaren hospital plan takes step forward, gets some company $150M capital BY ANDREW DIETDERICH lion on the project. The next step would be final site- fund. CRAIN’S DETROIT BUSINESS plan approval from the township. Page 27. Also, Pendley said he met Thursday with officials Retooling Planned Beaumont Two major medical institutions are pushing for- from Royal Oak-based William Beaumont Hospitals to Dale medical center ward with plans to spend an estimated $1 billion, add discuss plans to build a 192-bed medical campus that Carnegie: Independence Ralph about 400 beds and bring as many as 6,000 new jobs by would include two physician buildings, outpatient Nichols Flemings Lake Rd. Twp. building medical centers in northern Oakland Coun- services, a fitness building, a nursing home and as- makes Clarkston ty. sisted-living facilities. Plans have not been submit- changes to Waldon Rd. Flint-based McLaren Health Care Corp. received con- ted to the township, Pendley said. boost franchise’s Planned McLaren Nichols 75 ceptual site-plan-review approval from the Indepen- The state would have to approve Certificates of business.

medical center dence Township Planning Board on Nov. 9. Need for each hospital and the outpatient services Page 23. Ortonville Rd. Ortonville Maybee Rd. Plans for that complex call for five buildings, in- planned, but both are planning to move forward with cluding an outpatient surgery center, a heart and their plans to offer other services. McLaren has re- These organizations appear in this week’s Crain’s Detroit Business: cancer center and some retail as part of the 73-acre ceived a Certificate of Need for its outpatient surgery MAP site, said Eric Pendley, assistant director of zoning, center. AlixPartners L.L.C...... 1 AREA Rd. Sashabaw planning and building services in Independence “We stuck a pin in the middle of Clarkston and American Society of Employers . . . . 23 Pontiac looked at the number of inpatient discharges during Ardesta L.L.C...... 13 24 Township. Biodiesel Industries Inc...... 14 Between 3,000 and 4,000 new jobs would be created. a year and we found 22,000,” said Kevin Tompkins, Blue Cross Blue Shield of Michigan 16 McLaren officials said they plan to spend $600 mil- Champion Enterprises Inc...... 4 See Hospitals, Page 28 Checker Sedan ...... 19 Clarkston Medical Group P.C...... 28 Clawson Concrete Co...... 19 Cleantech Group L.L.C...... 13 Collins & Aikman Corp...... 4 Comerica Inc...... 19 Conway MacKenzie & Dunleavy. . . . . 1 Cultural Alliance of SE Michigan. . . . 1 DaimlerChrysler AG ...... 23 Manufacturing job losses hit other sectors Dale Carnegie Training ...... 23 Dassault Systèmes ...... 19 Delphi Corp...... 14 Denso International America . . . . . 17 BY AMY LANE profit agencies and real estate firms. It’s been a Detroit Medical Center ...... 26 CAPITOL CORRESPONDENT THIRD QUARTER EMPLOYMENT BY SECTOR successful strategy: Grudzinski said the firm, Detroit Metro CVB ...... 1 Percent change from 2005 to 2006 in service which has 24 full- and part-time employees, posts Detroit Metropolitan Airport ...... 19 LANSING — Southeast Michigan continued to industries and manufacturing. Numbers are rounded. annual growth and this year is up nearly 20 per- Detroit Red Wings ...... 27 shed manufacturing jobs in the third quarter, Detroit Regional Chamber...... 1 Category 2006 Change cent from 2005’s $1.25 million in sales. Detroit Renaissance...... 1 leaving the Detroit area down 20,000 jobs in that Grudzinski said that although the region has Energy Conversion Devices ...... 11 Professional, business 379,000 +1.6% Ford Motor Co...... 16, 17, 23 industry from a year ago. seen several years of a downward spiral, “we And the malaise spilled into service employ- Educational, health 267,000 +1.5 General Motors Corp...... 17, 18 haven’t experienced it. Harley Ellis Devereaux ...... 16 ment, which remained essentially flat in the De- Financial activities 119,000 -0.4 “It’s always in the back of my mind: ‘When is J.M. Olson Corp...... 19 troit area while statewide service- Jadda Capital Management L.L.C.. . 27 Leisure, hospitality 186,000 -0.3 this going to affect me? When is it going to be my industry jobs grew, according to Johnson Controls Inc...... 17 INSIDE turn?’ Kresge Foundation ...... 1 data from the Michigan Department Trade, transportation 374,000 -1.0 “Maybe we’re just the right size and kind of Lasercom L.L.C...... 3 UM survey of Labor and Economic Growth. Information 34,000 -1.9 Lear Corp...... 4 looks at business where we can flex, and mold, and not Lipari Foods Inc...... 3 “It’s flat because of the harsh- Government 212,000 -1.5 future of rely” on any one large client, he said. “We’ve been Madonna University ...... 16 ness of the manufacturing de- McLaren Health Care Corp...... 3 state’s Construction 89,000 -2.0 able to stay away from automotive, and it’s been economy. cline,” said Jim Rhein, the depart- Metaldyne Corp...... 1 successful.” Michigan DLEG ...... 3 Page 28. ment’s labor market analyst. Other services 89,000 -2.9 But other service industries, including retail Michigan Manufacturers Assn. . . . . 28 “Considering that these declines Manufacturing 259,000 -7.1 Michigan MBDC...... 1 in the Detroit area are widespread throughout Source: Michigan Department of Labor and Economic Growth trade, financial activities, and leisure and hospi- Michigan Retailers Association. . . . . 3 most (service) industry sectors, I tend to think tality services, were either unchanged or posted Michigan Tech ...... 16 job declines in the July-September period, com- New Detroit ...... 1 that’s the case.” dent and owner Dave Grudzinski started 17 years Nextek Power Systems Inc...... 14 As in Crain’s coverage of second-quarter re- ago in his garage — employing first his sister, pared with a year ago. NextEnergy ...... 14 then his grandparents, and tapping his parents for Tom Scott, vice president of public affairs and One D ...... 1 sults, bright spots continue to be health services Peninsula Capital Partners L.L.C. . . 27 and some professional and business services. help in stuffing envelopes. communications for the Michigan Retailers Associa- Peninsular Cylinder Inc...... 18 Among those is Lasercom L.L.C., a Troy-based laser The company has focused on serving large tion, said Michigan’s retail performance continues Prospect Airport Services Inc. . . . . 19 See Economy, Page 28 Ralph Nichols Group Inc...... 23 printing and mailing-services business that presi- nonautomotive clients, such as hospitals, non- ReCellular Inc...... 12 Recycling for Charities ...... 17 Robert Bosch Corp...... 14 Siemens VDO Automotive ...... 23 SmithGroup ...... 16 SEMCOG ...... 27, 28 Stout Risius Ross Inc...... 1 Turner Construction Co...... 16 U.S. Army TARDEC ...... 14 U.S. Green Building Council ...... 16 Keith Famie’s next act United Way for SE Michigan ...... 1 University of Michigan ...... 13, 16 Visionalist Entertainment ...... 28 Visteon Corp...... 16, 17 Local Italian-Americans subject of film Volunteers of America ...... 19 Wayne State University ...... 14, 26 William Beaumont Hospitals...... 3 BY BRENT SNAVELY The project, called “Our Italian Sto- Wright & Filippis Inc...... 3 WXYZ-TV Channel 7...... 3 CRAIN’S DETROIT BUSINESS ry,” is the first installment in a series of documentaries called “Our Story BANKRUPTCIES ...... 25 Celebrity chef-turned-television of,” that Famie plans to complete. producer Keith Famie is putting the BRIEFLY ...... 19 Plans include similar documentaries BUSINESS DIARY ...... 24 finishing touches on a documentary of metro Detroit’s Polish and Armen- CAPITOL BRIEFINGS . . . . . 25 about metro De- ian communities. CHRISTOPHER CRAIN . . . . . 8 troit’s Italian com- “It’s really a series based around CLASSIFIED ADS...... 22 munity that is DIVIDENDS...... 26 stories told and lives profiled of vari- scheduled to air EARNINGS ...... 26 ous cultures that came here for what- commercial-free LETTERS ...... 8 ever reason from other countries,” Dec. 9 on WXYZ-TV OPINION ...... 8 Famie said. OTHER VOICES ...... 9 Channel 7. PEOPLE ...... 20 All together, The documentary will feature the stories of prominent local Italians RUMBLINGS...... 30 Famie, a former WEEK IN REVIEW ...... 30 cast member of such as Jim Lipari, founder of Lipari Foods Inc., and Tony Filippis, founder Famie CBS’ “Survivor” CALENDAR Wright & Filip- said the documentary will be drawn of Rochester Hills-based PHOTO COURTESY OF KEITH FAMIE For a list of current from more than 50 interviews and pis Inc., as well as cultural events, events, visit Joe Selvaggio, founder of Pointe Dairy, is one of the Italian businesspeople www.crainsdetroit.com. more than 70 hours of video footage. See Famie, Page 28 interviewed for a documentary being produced by Keith Famie. DETROIT BUSINESS MAIN 11-20-06 A 4 CDB 11/17/2006 5:36 PM Page 1

Page 4 CRAIN’S DETROIT BUSINESS November 20, 2006

WINTER IS COMING! TAKING STOCK NEWS ABOUT DETROIT AREA PUBLIC COMPANIES Are your heating dollars going out the door? C&A says Champion pushes company to international biz, be sold Southfield-based auto-interi- CALL TODAY FOR A FREE or supplier Collins & Aikman DOOR EVALUATION Corp. on Tuesday officially an- nounced that it is for sale. Avoid lost money, time and production. Studies have shown that The company, in bankruptcy overhead doors can be the leading contributor to heat loss if they Gulf Coast sales since May 2005, had previously are not maintained or insulated properly. Our preventive mainte- said it was pursuing a “dual- nance program is designed to identify and correct any problems track” plan of reorganization relating to proper seal and operation of your equipment. unless the company finds an at- Plans to make tractively priced deal. that considered both a sale and Detroit Door & Hardware Co. Meanwhile, sales of U.S. Depart- emergence as a stand-alone acquisitions ment of Housing and Urban Develop- company. 248-398-1200 ment-code manufactured housing “The company, in conjunc- tion with its creditors, has con- SINCE 1952 BY JENNETTE SMITH continues to languish in many www.detroitdoor.com cluded that a sale process op- ISO 9001:2000 CRAIN’S DETROIT BUSINESS parts of the country. Sales are down sharply in key markets such tion in the plan represents the Champion Enterprises Inc. looks to as California, Florida and Arizona, best strategy for maximizing international business growth and Van Raemdonck said. In response creditor recoveries,” Collins & Gulf Coast rebuilding efforts as to the slowing sales, Champion Aikman said in a statement. two priorities for 2007. shut four plants in 2006. “The current course of action was recommended by Collins & Auburn Hills-based Champion More Gulf Coast business is ex- Aikman’s senior management (NYSE: CHB) held its first analyst pected to help Champion in 2007, team and restructuring advis- meeting in more than a decade in although it’s hard to know when ers after meeting with credi- sales will pick up given the levels Charlotte, N.C., earlier this tors.” of government approval that are month. It used it as a platform to The company (Pink Sheets: part of the rebuilding process. For discuss how the company plans to CKCRQ) said it expects to sell example, there are new flood ele- counter slowing sales of its core its operations, in whole or in vations and wind-speed tolerance manufactured-home product. parts after production cuts by requirements. Laurie Van Raemdonck, vice customers caused a plan of reor- president of investor relations, Van Raemdonck said scattered ganization to be unattainable. said while the company warned lot rebuilding projects are expect- Collins & Aikman also said it analysts Champion expects to ed first, followed by larger-scale will soon announce the consoli- new neighborhood developments. weather a couple of slow quarters dation or closure of additional Champion’s stock price has with the seasonal decline in sales, plants. The number of plants it risen in recent weeks to the $9 the company’s growth through ac- closes will largely be based on range, up from a six-month low of quisitions is expected to continue buyer interest. $5.15 on Aug. 10, but down from a next year. Financier Wilbur Ross and high of $14.22 in May. In April, Champion acquired Southfield-based Lear Corp. have For the third quarter, Champion U.K.-based Calsafe Group and its expressed interest in Collins & reported net income of $9 million Caledonian Buildings Systems sub- Aikman’s North American or 12 cents a share on revenue of sidiary in a $110 million deal. In business in the past. Ross ac- $346.5 million, compared with net Collins & Aikman Europe August, it acquired North American quired income of $15.7 million or 20 cents earlier this year and has formed Housing Corp. for $32 million, on revenue of $335.7 million dur- a joint venture with Lear. which follows other domestic mod- ing the same period last year. Collins & Aikman is a suppli- ular acquisitions. Jennette Smith: (313) 446-0414, er of automotive interiors. Van Raemdonck said modular [email protected] — Brent Snavely building has many advantages for Champion, including higher profit margins, and construction materi- als and methods that are competi- STREET TALK tive with site-built homes. It’s a particularly attractive cat- THIS WEEK’S STOCK TOTALS: 40 GAINERS, 20 LOSERS, 9 UNCHANGED egory for new construction in Eu- 11/17 11/10 PERCENT rope, Van Raemdonck said. Indus- CDB’S TOP PERFORMERS CLOSE CLOSE CHANGE GEOTECHNICAL try estimates show the U.K. 1. ArvinMeritor Inc. $17.67 $15.93 10.92 ENVIRONMENTAL modular market is growing at 2. ProQuest Co. 14.20 13.00 9.23 about 20 percent each year with 3. Champion Enterprises Inc. 9.33 8.55 9.12 CONSTRUCTION projects such as prisons, military ENGINEERING 4. Perceptron Inc. 8.78 8.16 7.60 housing, hotels and high-rise resi- 5. Pulte Homes Inc. 31.11 29.15 6.72 dential. Overall, Champion’s mod- 6. Credit Acceptance Corp. 33.69 31.64 6.48 PHASE IIS ular sales increased 13 percent 7. Caraco Pharmaceutical Labs Ltd. 11.88 11.22 5.88 during the third quarter compared 8. Ramco-Gershenson Properties 36.37 34.37 5.82 to the prior year. Including inter- 9. North Pointe Holdings Corp. 9.56 9.05 5.64 national sales, modular represents 10. TechTeam Global Inc. 9.57 9.10 5.17 35 percent of Champion’s revenue. PHASCINATE US CDB’S LOW PERFORMERS 11/17 11/10 PERCENT Van Raemdonck said Champion CLOSE CLOSE CHANGE may consider converting a shut- 1. Meadowbrook Insurance Group $10.57 $11.44 -7.61 G2 can’t wait to start digging for solutions to your most challenging tered plant in Indiana for steel 2. Origen Financial Inc. 5.42 5.85 -7.44 environmental issues, from phenols to phosphorus. modular construction in the U.S. 3. United American Healthcare Corp. 7.15 7.69 -7.02 This would enable the company to 4. Federal Screw Works 14.00 14.75 -5.09 take the expertise gained from the 5. Community Central Bank Corp. 11.07 11.50 -3.76 U.K. market to apply to projects in Troy, MI: 248.680.0400 6. Rockwell Medical Technologies Inc. 6.94 7.19 -3.48 the U.S. Steel designs allow for Brighton, MI: 810.224.4330 7. Somanetics Corp. 21.05 21.68 -2.91 larger, taller projects. Chicago, IL: 847.353.8740 8. Asset Acceptance Capital Corp. 16.72 17.22 -2.90 John Diffendal, BB&T Capital www.g2consultinggroup.com 9. Energy Conversion Devices Inc. 37.70 38.81 -2.86 Markets securities analyst, wrote 10. Saga Communications Inc. 8.67 8.76 -1.03 in his Nov. 10 research report that he expects an international acqui- Source: Bloomberg News. From a list of publicly owned companies with headquarters in Wayne, Oakland, Macomb, Washtenaw or Livingston counties. Note: Stocks trading sition is more likely for Champion UNEARTHING POSSIBILITIES at less than $5 are not included. than additional U.S. acquisitions DBpageAD.qxd 9/26/2006 11:49 AM Page 1

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Coverage is not available in all areas. The ALLOVER network covers over 273 million people and is growing. Limited-time offer. Other conditions and restrictions apply. See contract and rate plan brochure for details. Subscriber must live and have a mailing address within Cingular’s owned network coverage area. Up to $36 activation fee applies. Equipment price and availability may vary by market and may not be available from independent retailers. Early Termination Fee: None if cancelled in the first 30 days; thereafter $175. Some agents impose additional fees. Sales tax calculated based on price of unactivated equipment. Rebate Debit Card: Price before $100 mail-in rebate debit card and Unlimited Data Connect plan is $149.99. Allow 10–12 weeks for rebate debit card. Rebate debit card not available at all locations. Must be customer for 30 consecutive days. Must be postmarked by 11/23/06. ©2006 Cingular Wireless. All rights reserved. DETROIT BUSINESS MAIN 11-20-06 A 6 CDB 11/17/2006 3:00 PM Page 1

Page 6 CRAIN’S DETROIT BUSINESS November 20, 2006 Understanding women is key to biz success, author says

BY BILL SHEA Warner plans to talk specifically CRAIN’S DETROIT BUSINESS FARA WARNER TO SPEAK AT LUNCHEON about Home Depot and its approach to reaching Women control Companies that understand What: Second annual Women In Tickets: $50. women cus- women make 80 percent of all buy- Business Luncheon, which honors Where: Rock Financial tomers. $7 trillion in the women featured on Crain’s ing decisions in this country are Showplace, 46100 Grand River “They really the businesses that succeed. Dec. 4 Largest Woman-owned Ave., Novi. purchasing power. Business List. tried to under- That’s the message Ann Arbor Registration: stand gender in- 11:30 a.m.-2 p.m. Dec. author and business journalist When: www.regonline.com/ 5. womeninbusiness. clusivity,” she Fara Warner plans to deliver as said, which is ness, but in social trends.” She not- Speaker: Fara Warner, author of For questions: Call (313) 717- ed that fewer than 50 percent of the featured speaker at the second- The Power of the Purse. 3043. men and women annual Women In Business Luncheon shopping togeth- U.S. households are married cou- ples, which she attributes in part Dec. 5 in Novi. on Crain’s Dec. 4 Largest Woman- The Power of the Purse, which ex- er, and appeal- Warner to women discovering that “mar- The event is sponsored by Crain’s Owned Businesses list. amines how major companies such ing to both genders. riage is not the only economic life- Detroit Business, Inforum and Central Warner, who has written for The as Kodak and DeBeers transformed She also plans to “give people a line out there for us.” Michigan University. The luncheon Wall Street Journal and The New the way they do business based on perspective what a powerful influ- Warner also wants to help honors the owners of companies York Times, is author of the book the buying power of women. ence women are, not just in busi- women business owners be suc- cessful with the information she provides: “How do you take all these trends and make sense of them for your business?” Companies that master those trends stand to benefit, she said, because women control $7 trillion in purchasing power and by 2010 will control more than $13 trillion in private wealth. It’s part of what she calls the “continuing economic independence of women.” Warner spoke about those same themes in September at the sixth annual Michigan Women’s Business Conference & Expo in Novi, spon- sored by the Ann Arbor-based Cen- ter for Empowerment and Economic Development. The center is the par- ent of the Michigan Women’s Busi- ness Council, a nonprofit that certi- fies a company as woman-owned and provides business assistance to owners. Warner’s message dovetails with the council’s efforts, said Sheila Branham, assistant to the center’s executive director. “We very much believe in the purchasing power of women,” she said. Warner today is a senior writer for Fast Company magazine. She has a master’s degree from Colum- bia University’s Graduate School of Lissa Chartier, Citizens Banker. Journalism and was a Knight-Wal- lace fellow in 2005-06 at the Universi- 22 years experience and the clout in our organization ty of Michigan. to make things happen for yours – Quickly. Bill Shea: (313) 446-1626, bshea@ crain.com

SEEKING IMMIGRANT SUCCESS STORIES In many ways, metro Detroit was built by the hopes and dreams of people from other countries. And THE BEST BUSINESS BANK IN MICHIGAN foreign-born entrepreneurs will be vital to the region’s future. Crain’s Detroit Business wants to tell their stories. The highest compliment a Citizens Banker can receive is that he or she is “On the Ball.” Lissa Chartier We are seeking nominations for first-generation immigrants who and the team of Business Bankers at Citizens are the reason we are the Best Business Bank in Michigan. have had business success for our American Dreamers special And they’re eager to prove it. Call Lissa today and put Citizens to work for you. section to be published March 26. Call Lissa at 248-324-8520. If you’d like to nominate yourself or someone else for recognition in Let’s make it happen. American Dreamers, please visit crainsdetroit.com and fill out the nomination form. Nominations are due by Dec. 15. DBpageAD.qxd 11/15/2006 10:34 AM Page 1 DETROIT BUSINESS MAIN 11-20-06 A 8 CDB 11/17/2006 3:01 PM Page 1

Page 8 CRAIN’S DETROIT BUSINESS November 20, 2006 OPINION Groups on right track lot of business and civic leaders have poured time, en- ergy and money into various region-boosting efforts A over the years. So the announcement last week of the new “One D” collaborative may seem like just another varia- tion on a well-worn theme. But let’s put the cynicism aside and congratulate the lead- ership of these six business and civic groups that created the alliance: the Detroit Metro Convention & Visitors Bureau, De- troit Regional Chamber, Detroit Renaissance, New Detroit, United Way of Southeastern Michigan and the fledgling Cul- tural Alliance of Southeastern Michigan. The six, whose individual work and missions are regional in focus, have identified six primary issues that seem to make a lot of sense for the region: economic prosperity, educational preparedness, regional transit, regional collaboration, quality of life and race relations. The six plan to map out strategies to address the issues and draw on literally dozens of other organizations and partners to help execute the strategies. That blueprint — and a report-card mechanism for measur- ing success — will be unveiled at the chamber’s Mackinac Public Policy Conference in late May. The leadership of the six groups believes the effort ultimately will involve many groups working together toward the same objectives. The key to this effort will be narrowing the scope of each objective to attainable goals, get the right players involved and LETTERS measure the results. It’s time for this region to pull itself together and work on more than big sporting events. Celebrate, don’t denigrate

Editor: pacity be generated from renew- Crain’s Detroit Business Alternative-energy pioneers I have been told that bad news able sources. This approach seems welcomes letters to the editor. attracts more attention than does to represent the tired thinking Reducing the United States’ dependence on foreign oil was All letters will be considered for good news and our local media publication, provided they are that promotes the same old Michi- a shared goal at last week’s White House meeting between seems to live by that. However, I signed and do not defame gan economy. President Bush and Detroit’s automaker CEOs. would expect a more even-handed individuals or organizations. Consider the following: Alternative fuel sources are in vogue — again. approach from Crain’s. Write: Editor, Crain’s Detroit At last count, 20 other states Business, 1155 Gratiot Ave., I call your attention to a story in as well as the District of Columbia For Stan and Iris Ovshinsky, alternative energy has been Detroit, MI 48207-2997. Crain’s Nov. 6 issue headed “De- have adopted renewable portfolio the focus of their marriage and business partnership since E-mail: [email protected] troit signal fades in radio rank- standards, with many of them cre- Message boards: Share your they founded Energy Conversion Laboratories in 1960. They ings,” on page 3. The story was ating “green tags,” which are sold are, to use the current parlance, pioneers in the “alternative views in our online community. continued on page 37 under the forums.crainsdetroit.com. on the open market, and create energy space.” (See story, Page 11.) headline “Detroit fades from top 10 economic subsidies to developers radio markets.” The statistics you of such renewable energy projects. Iris died last August at age 79. But her husband continues story is something to celebrate. published to substantiate this do Guess where the renewable energy to passionately pursue their dreams of “changing the world” Richard Elsea investment dollars are currently with alternative energy. show that Atlanta, with a gain of Chairman 224,000-plus in population has Real Estate One going? Their primary company, now known as Energy Conver- moved up a notch on Detroit which Southfield The Michigan Public Service sion Devices Inc., has lost money most years, but that doesn’t lost 4,300. However of the top 10 Commission will shortly issue its tell the whole story. ECD’s subsidiary, United Solar Ovonic listed Atlanta was the only city State needs ‘green’ energy 21st Century Energy Plan, which L.L.C. is building its third manufacturing plant for flexible, that gained, and all of the others Editor: will show that Michigan needs the thin-film panels. Contracts are expanding for battery systems lost more than Detroit did. In fact, I am weary of the “we like it, but equivalent of one very large power Detroit narrowed the gap on every we don’t think our customers plant in the near future, in order for hybrid vehicles. other top radio market in the coun- want to pay for it” response of to meet necessary reliability stan- As Michigan looks at alternative energy as a sector on try with the one exception of At- Michigan’s public utilities to pro- dards. The energy costs associated which to build and attract new companies, ECD deserves a lanta. Maybe I’m missing some- posals that would require a por- with such a new plant, probably spotlight. thing, but it would seem that this tion of all electric generating ca- See Letters, Page 9

CHRISTOPHER CRAIN: Tracking our economic transformation BEIJING — Every election I’m writing this col- automotive market in does their ability to support our lo- in the country this year); the Tigers should be viewed as an expression umn from Beijing. I’ve the world and all projec- cal and state economy. are now the 12th-most valuable Ma- of a community’s wants and needs. tagged along with some tions peg its growth at The result of this decline is our jor League Baseball franchise (How I was surprised when we sup- folks from our sister 10 percent to 15 percent need for change. Crain’s wants to does this matter to the rest of us? pressed the temptation to hold publication Automotive annually. The Chinese play a part in this process, so we Look at the factors that play into a Gov. Jennifer Granholm responsi- News for its Automotive OEMs, all 120 or so of soon will launch a new feature in franchise’s value. The short answer ble for Michigan’s depressed econ- Congress, which is them, are rapidly im- our Friday daily e-mail called “The is increased foot traffic in Detroit, omy by voting in a replacement. It scheduled in conjunc- proving their manufac- Bright Side.” We plan to collect sto- which matters to national retail would have been logical for a com- tion with the largest auto turing abilities. Some ries we have written from the pre- chains and thus to all of us); Dan munity to elect a “business-first” show in China. Through will start to create com- vious week and rank their impact Gilbert investing considerable as- candidate to the position of power. the first two days of petitive products for ex- on this transformation process. sets in an entrepreneur-business in- It makes me wonder: Have we ac- speakers, one theme has port by the end of the I found three stories in last cubator called Bizdom U. cepted what many see as our new emerged in my mind: decade. The days of week’s issue that might be includ- Keep your eye out for The economic reality, or do we wish to how little “Detroit” has dominant market share ed: biotech firm Cerenis Therapeu- Bright Side, and if you haven’t prolong the fight to preserve that been a part of this conversation. for the Big Three are long gone, tics landing $54 million in VC fund- signed up for our free e-mail yet, which we have surely already lost? China is now the second-largest and as their positions erode, so ing (the third-largest deal of its kind what are you waiting for? DETROIT BUSINESS MAIN 11-20-06 A 25 CDB 11/17/2006 6:06 PM Page 1

November 20, 2006 CRAIN’S DETROIT BUSINESS Page 25 Fight brews in Senate over Luxury bill to change TV franchises from one extreme

LANSING — Interests free in-kind services, like the bill through the Senate in the to the other. on both sides of a bill es- cable or Internet service Legislature’s year-end “lame tablishing a new fran- to schools, libraries and duck” session. chise system for cable TV municipal buildings. And “The plan is to move it through and other video services while the bill would re- in lame duck, and we will assign it are gearing up for a Sen- quire AT&T generally to to a committee, or not, based on ate fight, even as the bill’s serve at least 25 percent of the logistics and based on getting next steps remain uncer- households in its service this thing moving forward as tain. area within three years quickly as possible,” Adler said. At issue is House Bill and at least 50 percent of EXTREMELY DEPENDABLE EXTREMELY ACCOMMODATING 6456, an effort to spur the households within six Luxury sedans to stretch limousines VIP motor coaches to luxury executive vans rollout of video services, CAPITOL BRIEFINGS years, Fivas said the Locals elected to top Amy Lane Metro Cars offers the widest selection of luxury ground transportation options available. by AT&T Inc. and other build-out requirements posts in state Legislature Whether it’s your next flight out, coordinating a large group, or a night on the town, telecommunications are inadequate. we are extremely dedicated to your satisfaction. providers, to compete with cable He said AT&T could choose to State Senate Republicans on FOR RESERVATIONS AND INFORMATION ON ALL OF OUR SERVICES CALL: TV. serve only high-volume customers Tuesday elected Mike Bishop, R- 800-456-1701 The bill, passed by the state “and still not serve the low-value Rochester, to be majority leader, House last Tuesday, calls for a customers on the same street or while House Democrats elected state template that local communi- neighborhood.” Andy Dillon, D-Redford Township, ties would use to authorize video AT&T Michigan spokesman to be House speaker and lead their www.metrocars.com www.metrocoach.com providers within their jurisdic- Mike Marker said: “When we com- newly won control of that cham- tion. Video providers would need mit to rolling something out we de- ber. to get local franchise authoriza- liver on it, and we intend to do that Amy Lane: (517) 371-5355, alane@ tion before they could offer service here.” crain.com in a community; however, the bill He said AT&T will face build-out stipulates deadlines by which local requirements not encountered by governments must act. cable companies that enter AT&T, which initially sought a AT&T’s traditional line of busi- statewide franchise that would by- ness and provide telephone ser- pass city-by-city agreements, sees vice. And he said overly stringent the House-passed bill as a good requirements could deter new en- compromise. And cable TV compa- trants and the investment state of- nies, which were concerned about ficials hope to attract. the prospect of a system that Against a backdrop of cable TV would create a dual standard for rates that have increased over the like services, have removed their last decade, the legislation is need- opposition and are neutral on the ed and will benefit consumers by current measure. giving them more choices, Marker But communities say the bill, said. sponsored by Mike Nofs, R-Battle He said the bill “strikes a pretty Creek, leaves them with less con- good balance” and streamlines a trol and $47 million to $57 million community franchising process in less revenue and in-kind services a way that will allow entrants like than the current system. They also AT&T to roll out new services in a say consumers will not be better- timely manner. In Michigan and served. other states, AT&T is installing One problem is that the bill fiber-optic wire and network tech- would essentially end existing ca- nology that will allow it to provide ble franchise agreements and re- TV, voice and Internet access over quire all providers of video ser- one customer line. vices to obtain the new type of What happens next with the bill, franchise, rather than have exist- is unclear. As of Friday, the bill ing contracts continue until an in- had not been referred to a Senate coming competitor establishes a committee, and some Senate Re- customer base in the community, publicans have said they want to said Joe Fivas, assistant director take some time on the issue. of state affairs for the Michigan Mu- But Ari Adler, press secretary nicipal League. for outgoing Senate Majority Communities say they will lose Leader Ken Sikkema, R-Wyoming, the ability to negotiate and retain said Sikkema still wants to pass

Detroit Testing Laboratory sells division What happens when the Warren-based Detroit Testing Lab- sales of about $15 million. dreamers meet the doers? oratory Inc. said Friday it has sold The division it sold to Stork had its metallurgical-testing services annual sales of about $550,000 and to Wixom-based Stork Climax Re- four employees, said Earl Smith, search Services Inc. Detroit Testing president and Financial terms were not dis- COO. closed. Detroit Testing has annual — Brent Snavely You become one of the country’s leading robotics manufacturers. And that expertise is already beginning to translate into all kinds of other new high-tech products and services. It’s also what we do best at Automation BANKRUPTCIES Alley: connect those with big ideas to the resources they The following businesses filed for Assets and liabilities not available. need, including access to financing and foreign markets. Chapter 7 or 11 protection in U.S. Concrete-Cor L.L.C., 2413 Ferndale, Bankruptcy Court in Detroit November Burdette St. involuntary Chapter 7. Find out how we can do the same for you. 10-16. Under Chapter 11, a company Assets and liabilities not available. files a reorganization plan that the Where court must approve. Chapter 7 in- Sabbage Investors L.L.C., 17575 Liver- Visit www.automationalley.com or technology volves total liquidation. nois, Detroit, voluntary Chapter 11. call 800.427.5100 and JOIN NOW! builds Bahash Jewelers L.L.C., P.O. Box 36059, Assets: $320,000; liabilities: 266,610. opportunity , voluntary Chapter 7. — Compiled By Daniel Voros DETROIT BUSINESS MAIN 11-20-06 A 26 CDB 11/17/2006 6:20 PM Page 1

Page 26 CRAIN’S DETROIT BUSINESS November 20, 2006 Planning DMC, WSU Medical School still at your office? Think outside loggerheads; e-mails trade blame BY ANDREW DIETDERICH On Nov. 15, the chairs of the CRAIN’S DETROIT BUSINESS clinical departments of the Wayne State University School of Medi- the cube. Last week passed without the the cube. cine and specialists-in-chief of the Detroit Medical Center and Wayne DMC issued a statement stating At INTERIOR DYNAMICS, we understand State University School of Medicine that they are “extremely con- resolving their differences, leav- cerned about the impending there has to be just the right “fit” of the ing open the possibility that the 50- breakup of the partnership be- critical elements that make a perfect office year partnership could dissolve tween the two institutions.” and Detroit could lose about 1,000 “We strongly urge the boards to residents and graduate medical environment. From concept to completion, Duggan Mentzer the Detroit Medical Center and students who treat patients in Wayne State University to reject our award-winning teams think outside the DMC hospitals. March 31 and expiring Dec. 31, for any proposal that includes elimi- On Friday, WSU Medical School several years. Contract extensions cube to successfully combine the right office nation of the university from the Dean Robert Mentzer and DMC in 2001, 2004, 2005 and this year de- sponsorship of these programs.” CEO Mike Duggan issued widely ferred resolving issues concerning components. We do it for companies big and small... Also on Nov. 15, the WSU/DMC distributed e-mails that blamed physician reimbursement and Resident Council held a meeting no matter the size of their budgets. We cover it all... each other for discontinuing joint whether WSU would agree to keep “to address information that Mr. programs in dermatology, family all its physicians at DMC hospitals. interior consulting systems and executive furnishings Duggan, on behalf of the Detroit medicine, urology and ear, nose and Wayne State receives about $80 project management floor coverings installation throat. million a year for providing med- Medical Center, had begun a cam- paign to convert all existing fel- architectural products maintenance and more. Mentzer’s e-mail, addressed to ical education, clinical services and “colleagues,” said WSU remains care for DMC patients who cannot lowship and residency programs So, first get a phone. Then call us at 800.935.3962. committed to the nearly 65 residen- pay. Wayne State physicians — 728 from WSU/DMC sponsorship.” cy programs still jointly operated of the DMC’s 2,500 — also earn an The letter called actions seeking by the medical school and the DMC additional $120 million in physi- solely sponsored residency and fel- and that he would oppose proposals cians’ fees paid by government and lowship programs outside of ongo- to “further dilute our partnership.” commercial insurers and account ing mediated negotiations devas- Duggan’s e-mail, sent to DMC for about 70 percent of the more tating. employees, said the medical than $2 billion in hospital charges “We appeal to the Detroit Med- school’s decision to provide ser- billed to payers by the DMC. ical Center Board of Trustees to vices to Oakwood Healthcare has The Accreditation Council for Grad- undo this action and resume good We think outside the cube. forced the DMC to convert joint uate Medical Education, the nation’s faith negotiation with Wayne State residency programs to DMC man- residency-program watchdog, University-University Physician 1742 Crooks Road Troy, MI 48084 agement to prevent the medical stepped in to investigate last week. Group to achieve agreement Toll Free: (800) 935 3962 Fax: (248) 244 8910 school from setting up competing The group has the power to shut which protects the viability of our www.interiordynamics.com suburban programs. down the two sides joint residency WSU/DMC medical training and DMC Chairman Charles O’Brien programs if it determines that a clinical mission,” the letter signed said: “We are doing everything in contract is not forthcoming. The by Paul Bozyk, president of the our power to save the situation Accreditation Council called the WSU/DMC resident council, said. down there. That’s our goal. We situation “extremely urgent” in an Crain Communications Inc. have no other agenda other than to Oct. 25 letter to the DMC and Chairman and Crain’s Editor-in- save the situation whatever way Wayne State and said the council Chief Keith Crain is a member of we can.” would investigate. the DMC board. The sides have been renegotiat- Mentzer’s e-mail wasn’t the only Andrew Dietderich: (313) 446- ing their current contract, extended one circulating last week. 0315, [email protected] EARNINGS Advanced Photonix Inc. Amex: API Earnings per share ...... ($2.52) $.17 Net income ...... ($46,294,000)($15,230,000) †- ArvinMeritor recorded a $310 million noncash Earnings per share ...... ($1.08) ($.36) 2nd Quarter Sept. 29 2006 2005 9 months Revenue...... $5,877,776 $5,193,466 impairment charge for goodwill due to higher raw- material costs and customer volume declines affect- Revenue ...... $1,421,679,000 $1,438,814,000 Net income ...... ($1,123,595) ($1,623,364) Net income ...... ($98,150,000)($18,670,000) Earnings per share ...... ($.06) ($.09) ing its emissions technology division during the fourth quarter. Earnings per share ...... ($2.29) ($.44) 6 months Metaldyne is not publicly traded but reports its fi- Revenue ...... $11,546,065 $10,270,892 nancial performance because it has publicly held debt Net income ...... ($2,357,205) ($1,859,374) Bonal International Pink Sheets: BONL Earnings per share ...... ($.12) ($.11) †6 months Sept. 30 2006 2005 MSX International Inc. Revenue...... $1,002,000 $918,035 Affinia Group Inc. Net income ...... $237,225 $152,593 3rd Quarter Oct. 1 2006 2005 Earnings per share ...... $.14 $.09 Revenue ...... $90,094,000 $100,299,000 3rd Quarter Sept. 30 2006 2005 Net income ...... $2,621,000 $2,512,000 †- Bonal reported earnings for the first six months Revenue ...... $548,000,000 $549,000,000 9 months Net income ...... $12,000,000 $8,000,000 of its fiscal year but did not separately break out Revenue ...... $268,769,000 $308,404,000 9 months quarterly earnings. Net income(loss) ...... $6,337,000($16,768,000) Revenue ...... $1,660,000,000 $1,620,000,000 MSX International is not publicly traded but re- Net income ...... $4,000,000 ($7,000,000) Catuity Inc. Nasdaq: CTTY ports its financial performance because it has pub- Affinia Group is not publicly traded but reports its 3rd Quarter Sept. 30 2006 2005 licly held debt. It does not report earnings per share. financial performance because it has publicly held Revenue ...... $435,316 $173,992 debt. It does not report earnings per share. Net income ...... ($1,161,212) ($932,173) TriMas Corp. Earnings per share ...... ($.54) ($.82) 3rd Quarter Sept. 30 2006 2005 Arcadia Resources Inc. Amex: KAD 9 months Revenue ...... $244,590,000 $246,040,000 Revenue...... $1,395,025 $220,412 2nd Quarter Sept. 30 2006 2005 †Net income...... ($12,720,000) $230,000 Net income ...... ($3,463,585) ($2,199,253) Revenue ...... $41,418,687 $32,665,292 Earnings per share ...... ($.63) $.01 Earnings per share ...... ($1.62) ($2.41) Net income...... ($735,619) ($1,478,725) 9 months Earnings per share ...... ($.01) ($.02) Revenue ...... $797,260,000 $775,590,000 6 months Integral Vision Inc. OTCBB: INVI †Net income ...... ($5,880,000) $6,790,000 Revenue ...... $78,973,810 $63,404,332 3rd Quarter Sept. 30 2006 2005 Earnings per share ...... ($.29) $.34 Net income...... ($893,552) ($2,729,790) Revenue ...... $353,000 $14,000 TriMas is not publicly traded but reports its finan- Earnings per share ...... ($.01) ($.03) Net income...... ($661,000) ($780,000) cial performance because it has publicly held debt. Earnings per share ...... ($.02) ($.03) ArvinMeritor Inc. NYSE: ARM 9 months Revenue ...... $760,000 $545,000 4th Quarter Sept. 30 2006 2005 Net income ...... ($2,220,000) ($1,971,000) DIVIDENDS Revenue ...... $2,273,000,000 $2,124,000,000 Earnings per share ...... ($.08) ($.09) Company Amount Payable Record †Net income ...... ($274,000,000) ($19,000,000) date date Earnings per share ...... ($3.95) ($.27) Metaldyne Corp. 2007 2006 12 months Comerica Inc...... $.59 1-1 12-15 Revenue ...... $9,195,000,000 $8,873,000,000 3rd Quarter Oct. 1 2006 2005 Community Central Bank...$.06 01-02 12-01 †Net income ...... ($175,000,000) $12,000,000 Revenue ...... $411,807,000 $442,837,000 ITC Holdings Corp...... $.275 12-15 12-1 DETROIT BUSINESS MAIN 11-20-06 A 27 CDB 11/17/2006 5:37 PM Page 1

November 20, 2006 CRAIN’S DETROIT BUSINESS Page 27 Jadda Capital launches fund

“We’re doing deals with people M who would normally be bankable. $150 would offer capital ... We’re expensive, but they’re not with us long. They’re in and out.” to cash-strapped developers “Prices are falling in the real es- tate market, and deflation makes BY TOM HENDERSON in charge of expanding the firm’s senior lenders very panicky,” said CRAIN’S DETROIT BUSINESS roster of institutional investors. Scott Reilly, president and chief Member FDIC Equal Housing Lender Transactions Jadda has been in- investment officer at Detroit-based Jadda Capital Management L.L.C., volved in this year include one for Peninsula Capital Partners L.L.C. an investment-banking firm based $1.8 million in South Bend that in Bloomfield Hills that includes Peninsula invests in companies by Many a successful business was closed last Wednesday, $3.8 mil- former Detroit Red Wings star Jim- offering subordinated debt to com- my Carson on its management lion for three real estate projects panies seeking to expand. founded on a coffee napkin. team, launched its second real-es- in Birmingham, $3.5 million for “Lenders say, ‘Hey, we have to tate investment fund Thursday, one in Southfield, $5 million for start kicking guys out of our port- Jadda Secured Senior Mortgage Fund one in Bermuda and $40 million folio.’ So what the Jadda guys are Your ideas helped launch your business, now you L.L.C. II, with a target of $150 mil- for one in Sarasota, Fla. saying makes perfect sense. It’s need a financial partner to help fuel your growth. lion to provide short-term financ- Because Jadda’s deals often in- happening here in real estate, ing to developers on projects with volve projects with temporary now, and it’s going to continue to For almost 10 years, Michigan Heritage Bank temporary cash-flow difficulties. cash flow problems, customers fre- happen awhile,” Reilly said. has provided small and mid-sized companies the Its first $150 million fund was quently require anonymity. Ray- Generally, Jadda’s deals are as- financial resources to take ideas to the next level. launched in May. Jadda Capital mond Davis, senior partner and set-based and don’t involve acquir- management hopes to start raising fund manager, said a deal expected ing equity, said Davis, though the a third fund of $150 million to $200 to close next week for more than $3 third fund will involve some equi- We can personally serve all your banking needs million by the end of the year. million for a large local developer, ty investing. by providing commercial checking, money market Carson, a Grosse Pointe native should be a transaction that lasts Jadda’s other senior partner is accounts, loans, remote deposit and more. who went on to stardom in the Na- nine to 12 months while the devel- COO Erik Stamell. tional Hockey League in the 1980s, is oper acquires a new banker. Jadda also has offices in San one of Jadda’s three principals. “When banks tighten credit, it Diego and Greenwich, Conn. Troy Farmington Hills 1917 E. Big Beaver 28300 Orchard Lake Rd. Carson’s title at Jadda is direc- increases our opportunities and Tom Henderson: (313) 446-0337, 248-619-0264 248-538-2546 tor of wholesale investor relations, decreases our risk,” Davis said. [email protected] Novi Wixom 21211 Haggerty Rd. 28345 Beck Rd. 248-380-6590 248-468-0205

Livonia 1-800-914-3524 18770 Farmington Rd. www.miheritage.com One D:Group must battle myopia 248-442-9650 Questions? Comments? Call us, and we’ll respond personally ■ From Page 1 within the same business day. That’s our guarantee.

“Regional transformation and get along and work together.’ ” CHECKING • SAVINGS • LOANS • TREASURY SERVICES change are possible and must be ABOUT ONE D In order to have an impact, One achieved now.” D will need to coalesce leadership He has promised the group will What it is: One D: Transforming around specific projects that can Regional Detroit, a new group of be inclusive, but no mechanism for produce tangible results such as six regional business and civic volunteers has yet been set up. groups: the Cultural Alliance of the Community Foundation for Likewise, no “score-keeping” or Southeastern Michigan, Detroit Southeast Michigan-led Green- performance-evaluation system Metro Convention & Visitors ways Initiative which is helping has been developed but as its “lead Bureau, Detroit Regional Chamber, establish a regional system of nat- champion,” he promises to hold the Detroit Renaissance, New Detroit ural, protected pathways for recre- participants accountable. One D and the United Way for ational use, Sanders said. said it plans to report its progress Southeastern Michigan. The Ford and members of One D say quarterly, beginning next year. group’s “lead champion” is Edsel the group’s mission is to break Ford II, Ford Motor Co. board The six founding organizations large goals down into smaller, at- member and businessman who began meeting six months ago. chaired the Detroit 300 tainable pieces. Their board chairs met in August Conservancy, the celebration of “If we get some singles, let’s cel- as the collaboration identified pri- city’s 300th birthday in 2001. ebrate them,” said Doug Rothwell, orities for the region: economic What it seeks to do: Each Detroit Renaissance president. prosperity, educational prepared- organization will work together and One D “has had a fanfare about ness, regional transit, race rela- with others to increase the coming together; now it’s time to tions, regional cooperation and capability to get things done on a walk the talk,” said Paul Tait, ex- quality of life. regional scale. One D has ecutive director of the Southeast On Tuesday, Ford is scheduled to identified six priorities: economic Michigan Council of Governments. lead the first meeting of all 250 prosperity, educational “That’s all pulling together on con- preparedness, regional transit, board members of those six civic sistent economic strategy. race relations, regional groups and political leaders to give cooperation and quality of life. The “To get this region through the them a more complete picture of group will meet every three weeks economic restructuring we face, One D’s vision, priorities and the between now and the 2007 we need to do a better job of priori- principles under which the six Mackinac Policy Conference, where tizing the resources we have and groups will operate, said Ann Hoag, it plans to release 25-30 action being accountable for the commit- who was hired by One D to coordi- plans in those priority areas. ments we’ve individually and or- nate its efforts. Hoag was senior di- ganizationally made to move for- rector of leadership programs at the Ford said there will be 25-30 ac- ward,” Tait said. chamber and, before that, director tion plans developed by the It’s important that One D focus on of the chamber’s Leadership De- process that will be guided by De- things that can have the most im- troit program for 12 years. loitte & Touche consultants. pact, Green said. “That’s not going One D has plans to meet every Southeast Michigan has had to make everybody happy, but that’s three weeks between now and the plan after plan on various issues going to be best for the region.” 2007 Mackinac Policy Conference, such as transit, but many have “If it were me, I would want them where it plans to release a detailed lacked the action needed to make to look at minority entrepreneur- blueprint for specific projects them successful, said David ship as a way to revitalize the re- aimed at making progress on the Sanders, executive vice president gion,” but there may be other things region’s issues, Hoag said. of the Metropolitan Affairs Coalition. that are more important, Green said. Each of the six member groups One D can work as structured, “My issues can’t be No. 1 if we’re of One D will continue its own or- but “they need to emphasize the end going to have this work,” he said. ganizational work, she said. “The product and how they can engage “We all have to think about what’s concept is each organization … elected officials, as well,” he said. best for the region and put our own (also) will contribute to the unified A targeted approach will be cru- personal and organizational wants work, help to develop the action cial, Sanders said. “You can’t just and interests aside.” plan and to figure out who’s going preach regional cooperation and to Sherri Begin: (313) 446-1694, to make (the plans) happen.” be successful, say ‘we all ought to [email protected] DETROIT BUSINESS MAIN 11-20-06 A 28 CDB 11/17/2006 5:39 PM Page 1

Page 28 CRAIN’S DETROIT BUSINESS November 20, 2006 Economy: Manufacturing job losses take toll in other sectors ■ From Page 3

to trail the nation’s, and “it’s been ingston counties. a real struggle out there.” ECONOMIC FORECAST Manufacturing-heavy Wayne TOOL-AND-DIE ‘RECOVERY He said Michigan retailers saw a County, for example, showed only economists small sales uptick in September University of Michigan 13,000 jobs in 2007 and about a slight increase in its unemploy- ZONES’ SHOW SUCCESS last week released their annual 17,000 jobs in 2008. About half and the association hopes October state economic forecast, and the service job gains will be in ment rate during the year, going A state program to help Michigan’s results will repeat. But beyond the predicted two more years of job private education and health from 8.8 percent in third-quarter tool-and-die industry is showing traditional holiday sales boost the losses on top of the state’s six- services, and about 40 percent will 2005 to 8.9 percent in 2006. signs of success, according to early part of 2007 doesn’t look year employment downturn. be in professional and business Wayne’s total labor force de- survey results announced Thursday promising. The forecast said: services, and leisure and clined over the year, as did the by the Michigan Economic Development Corp. “Economists are predicting that ■ State unemployment would rise hospitality services. number of employed, but the num- The MEDC surveyed 33 companies because of the continued problems from a 6.8 percent average this ■ Overall, the state will lose ber of unemployed people changed year to 7.5 percent next year and 24,000 jobs in 2007 and 9,000 in that had been one year in the tool- with manufacturing, and especial- little. Macomb’s labor force was and-die recovery zone program, and ly the auto industry, that at least 7.7 percent in 2008. 2008. fairly constant, but employment ■ found 20 firms reporting an the first half of 2007 is going to re- Manufacturing jobs will drop by Additional details of the forecast declined and the number of unem- increase in hiring, for a total of 123 nearly 30,000 in 2007 and main difficult,” Scott said. and the economists’ national ployed rose. new jobs. 24,000 in 2008, with about 70 forecast were reported Friday on Seven companies stayed at the A survey of Michigan retailers, percent of the job losses coming in www.crainsdetroit.com. Forecast “Macomb County, in this peri- same employment level, and six conducted by the association and the auto industry. information is available at od, relative to the other areas, the Federal Reserve Bank of Chicago, ■ showed the most weakness,” companies had a cumulative Service industries will add nearly www.umich.edu/~rsqe. decrease of 17 jobs. shows that going into the holiday Rhein said. season, 10 percent of retailers ex- Even the Ann Arbor area, which Twenty-four companies reported cent from a year ago, supplying a But manufacturers associated they had spent $6.6 million on new pect to increase hiring over last majority of the 31,000-job, 4.6 per- with the auto industry “have got- consistently is one of the strongest equipment, and 30 companies year’s levels, 9 percent expect to cent manufacturing decline expe- ten just about as lean as they can, labor markets in the state, showed reported an overall increase in new cut jobs, and 81 percent expect no rienced statewide. and they’re waiting for the sales to significantly higher unemploy- business. One company reported a change in staffing compared with Chuck Hadden, vice president of pick up, and the products that the ment. Its jobless rate rose from 4.2 decrease in business and two 2005’s holiday season. government affairs for the Michi- Big Three are selling,” Hadden percent a year ago to 4.7 percent, stayed the same. As of the third quarter, Detroit gan Manufacturers Association, said said. aided by a 2,000-job, 7.6 percent de- In the program, approved area employment in the trade, overall, the “manufacturing com- Manufacturing job losses helped cline in manufacturing. companies can join state- authorized “recovery zones” in transportation and utilities sector munity feeling is sort of a side- push Macomb County’s unemploy- But, Rhein said, the Ann Arbor which they can be exempt from was down by 4,000 jobs, or 1 per- ways movement, and not up or ment rate to 7.3 percent in the area’s increase in unemployed state and local property taxes, as cent, from third-quarter 2005, and down, and wondering when it’s go- third quarter, from 6.6 percent a may flatten out in the next quar- well as local income and utility nearly all the drop was in retail ing to get better.” He said some year ago. It was the largest year- ter. “You’re still looking at a rate taxes and Michigan’s single- trade. manufacturers are doing well, like over-year rate increase in the De- that is essentially low,” he said. business tax. In manufacturing, the Detroit furniture makers, food and chemi- troit area, compared with Wayne, Amy Lane: (517) 371-5355, alane@ — Amy Lane area saw employment drop 7.1 per- cal companies and their suppliers. Oakland, Washtenaw and Liv- crain.com

Hospitals: 2 push in Oakland Famie: New adventure for chef ■ From Page 3 ■ From Page 3

vice president of marketing for McLaren will include a 130,000-square-foot build- such as footage from a tradi- a video production company Health Care Corp. “You only need half of ing with room for a 20,000-square-foot am- tional Italian wedding that ‘OUR ITALIAN STORY’ called Visionalist Entertainment that to have a 250-bed hospital.” bulatory center, a cancer center and a re- took place in Plymouth Sept. Productions L.L.C. in Novi. The 16. What is it? “Our Italian Story” company has produced food Northern Oakland County is growing habilitation center. is a documentary about Famie said he became in- fast. The McLaren Regional Medical Center is a Detroit’s Italian heritage and programs for Food Network, The number of households in Indepen- 458-bed teaching hospital affiliated with spired to do the project when culture, with an emphasis on has had two cookbooks pub- dence Township, for example, is expected the Michigan State University College of Hu- his own father became ill and the first generation of Italians lished and produced a docu- to increase from 7,969 in 1990 to 15,381 by man Medicine. Tompkins said details are died 2½ years ago. that came to America. mentary called “Ice War- 2030, according to the Southeast Michigan in the works to determine if MSU resi- During the final months of When does it air? Three times riors,” which followed Council of Governments. Independence dents would work at the center. his father’s life, Famie said, commercial-free on WXYZ- former Detroit Red Wings play- Township is northwest of Pontiac and Beaumont started as a single 238-bed he sat and listened as his fa- Channel 7: 7 p.m. Dec. 9, 1 ers as they traveled across north of Waterford Township. hospital in 1955 in Royal Oak. The hospi- ther told him tales about his p.m. Dec. 16, 9 a.m. Dec. 25. Russia. The population is ex- tal has expanded into childhood that he didn’t In addition to the docu- pected to increase from more than 1,000 beds in know about because he was stores and restaurants, is the mentary, Famie and Toni 23,717 in 1990 to 38,103 by These are good Royal Oak and a 296-bed too young to remember them. presenting sponsor. Wisne 2030, according to SEM- “ center in Troy. The med- “I’ve always felt that the el- Famie said Lipari Foods’ Sabina are COG. ical staff consists of more ders have such amazing sto- contribution made it possible organizing In Orion Township, jobs in a growing than 2,400 physicians in ries, but nobody really takes for the program to air com- a charity east of Independence nearly 100 medical and time to listen to them. And industry and the mercial-free, something event on Township, the number of surgical specialties. this is really about that,” that’s important to Famie. Dec. 3 at households is expected to kind of jobs on Eric Hunt, vice presi- Famie said. “I needed the extra 12 min- grow from 7,331 in 1990 to dent of operations for the Lipari, for example, built the Rock utes of content, and I didn’t Financial 16,030 by 2030, SEMCOG ambulatory services divi- Lipari Foods into a $235 mil- want the story broken up,” which we can build Showplace forecasts. sion of Beaumont Hospi- lion-a-year food distribution Famie said. that will The population in Ori- Oakland County’s tals, said Beaumont in- company after starting off in Thom Lipari, son of War- Wisne Sabina debut the on Township is expected tends to submit its plans the 1950s selling barbecue ren-based Lipari Foods documentary. to grow from 21,019 in 1990 future. for its medical campus sauce called Bazzo’s. Filippis, founder Jim Lipari, said the to 40,948 in 2030. early next year. The event, called “Flavors ” who lost his legs in a train ac- quality of the some of the ear- “This fits right into our Hunt said he has had of Italy,” will benefit The Sal- L. Brooks Patterson, cident at age 12, later founded ly interviews that Famie had emerging sector strate- Oakland County executive two meetings with Inde- vation Army St. Louis Center his rehabilitative health care completed helped to convince ; , a gy,” said L. Brooks Patter- pendence Township offi- company. him to get involved. residential center for people son, Oakland County executive. “These cials as part of the preapplication “You are going to walk “As I started working with with developmental disabili- are good jobs in a growing industry and process. away from the show being in- him I learned that he was re- ties; and A.N.F.E. of Michigan, the kind of jobs on which we can build The first phase of the project would be spired, and filled with wis- ally doing something more an organization that helps to Oakland County’s future.” about 140,000 square feet and provide dom,” Famie said. sincere than just selling air- pay for corrective eye Patterson said Oakland County offi- nursing homes, assisted living, imaging Famie said it will cost time — he was really telling a surgery for Italian children. cials have met with both sides and they and physical therapy, Hunt said. about $230,000 to film, pro- story that needed to be told,” Tickets are $200 and can be are particularly excited about adding Hunt said Beaumont bought the land in duce and pay for the airtime Lipari said. purchased at Nino Salvaggio 6,000 new jobs to the county. last 2001 and that 22 percent of the pa- for the documentary, which International Marketplace, Andi- Tompkins said McLaren is working tients in the area travel to a Beaumont lo- will air three times on WXYZ Famie, who was a chef in amo Italia Italia closely with the physician-owned Clark- cation. in December. the 1980s at Chez Raphael and in Warren, ston Medical Group P.C., which already “That’s why we want to build here,” he The costs were almost en- who opened Les Auteur in American Club of Livonia, and gets 125,000 visits a year and would own said. “To be closer to our patients who tirely underwritten by spon- downtown Royal Oak in 1988, by calling Visionalist Enter- part of the McLaren Health Care Village at have to drive to Lake Orion, Troy, Royal sors from metro Detroit’s is also well known for his tainment Productions at (248) Clarkston. Oak or some other location.” Italian-American business stint on CBS’ “Survivor” in 624-9636. Tompkins said ground will be broken Andrew Dietderich: (313) 446-0315, community. Lipari Foods, a 2001. Brent Snavely: (313) 446- on the first phase in April. That phase [email protected] distributor of food to grocery Since then he has founded 0405, [email protected] DETROIT BUSINESS MAIN 11-20-06 A 29 CDB 11/17/2006 4:48 PM Page 1

November 20, 2006 CRAIN’S DETROIT BUSINESS Page 29

Restructuring: Turnaround firms get noticed www.crainsdetroit.com ■ EDITOR-IN-CHIEF Keith E. Crain From Page 1 PUBLISHER Mary Kramer, (313) 446-0399 or [email protected] a buyer. really, where Jay Alix personally practice May 1 with two partners ready had a large restructuring ASSOCIATE PUBLISHER Christopher Crain, Southfield-based AlixPartners was in his life, and his desire to ul- and a goal of becoming a major practice, was interested in boost- (313) 446-1645 or [email protected] EXECUTIVE EDITOR Cindy Goodaker, (313) 446- L.L.C. sold a majority stake to San timately have the business transi- player in the restructuring indus- ing its presence in Michigan, said 0460 or [email protected] Francisco-based Hellman & Fried- tion to where it has significant try within 18 months. It targeted MANAGING EDITOR Jeff Karoub, (313) 446- Thomas Lindahl, now a sharehold- 0402 or [email protected] man L.L.C. in August, Stout Risius ownership by the employees,” the automotive industry as one of er of McDonald Hopkins. DEPUTY MANAGING EDITOR Michael Lee, (313) Ross Inc. sold its Farmington Hills- Koch said. five primary industries it wanted Lindahl said his firm agreed to 446-0416 or [email protected] ASSISTANT MANAGING EDITOR/FOCUS based restructuring group to Grant The transac- to be involved in. be acquired, “because as we see Michelle Martinez, (313) 446-1622 or Thornton L.L.P. last month and Con- tion gave Hell- Today, Grant Thornton has 115 the legal practice in today’s envi- [email protected] BUSINESS LIVES EDITOR Shawn Selby, (313) way MacKenzie & Dunleavy consid- man & Fried- partners in 50 countries. ronment, we need greater re- 446-1654 or [email protected] ered a buyout offer from Deloitte & man more than Kimberly Rodriguez, who led sources to offer greater specialty GRAPHICS EDITOR Nancy Clark, (313) 446- 1608 or [email protected] Touche USA L.L.P., as well as three 50 percent stake Stout Risius Ross’ restructuring services to our clients.” COPY EDITOR Vic Doucette, (313) 446-0410 other offers. in AlixPartners practice, said Grant Thornton was Van Conway, president of Birm- or [email protected] DATA EDITOR Anne Marks, (313) 446-0418 or Interest in Detroit’s turnaround with the compa- a perfect home because the ac- ingham-based Conway MacKenzie [email protected] firms is being driven by the high ny’s employees counting firm has a major restruc- & Dunleavy, said the buyout offer WEB EDITORS Dan Eizans, (313) 446-0473 or [email protected]; Roxanne Rives, (313) 446- volume of available automotive re- receiving about turing presence in Europe. from Deloitte & Touche is off the 6078 or [email protected] structuring work and because the Koch a 25 percent Rodriguez, now principal and co- table due to po- WEB DESIGNER/PRODUCER Ai-Ting Huang, increasingly global nature of the ownership posi- (313) 446-0403, [email protected] leader of Grant tential conflicts EDITORIAL SUPPORT Anita Duncan, (313) automotive industry means that tion and Alix retaining a 20 per- Thornton’s glob- that Deloitte had 446-0329; Joanne Scharich, (313) 446-0419 NEWSROOM (313) 446-0329, FAX (313) 446- regional restructuring firms could cent share. Alix, who founded the al automotive with auditing 1687 TIP LINE (313) 446-6766 benefit from being part of a large firm in 1981, continues to be co- practice, pro- clients. REPORTERS company. chairman of the firm, which has vides supply- “We didn’t put Robert Ankeny: Covers the city of Detroit, Wayne There is similar industry consol- about 550 professionals in 12 of- chain risk-man- a ‘for sale’ sign County government, and law. (313) 446-0404 or idation occurring nationally. fices around the world. agement on our company, [email protected]. Sherri Begin: Covers nonprofits and education. On Nov. 1, -based Craige Stout, managing partner services on be- but there are a (313) 446-1694 or [email protected] Duff & Phelps L.L.C., a financial-advi- of Chicago-based Stout Risius half of Ford Motor lot of national Andrew Dietderich: Covers health care, transportation, international business and sory firm, bought Los Angeles- Ross, said the decision to sell his Co. to suppliers players who biotech. (313) 446-0315 or Conway [email protected]. based Chanin Capital Partners, a spe- firm’s 30-person Farmington Hills Rodriguez with difficult fi- were looking at Anjali Fluker: Covers Macomb and Oakland cialty investment-banking firm restructuring practice was based, nancial prob- our business,” Conway said. counties, services and environment. (313) 446- 6796 or [email protected]. that also does restructuring work. in part, because the high demand lems. Conway, whose firm specializes Sheena Harrison: Covers small business, retail And, on Aug. 10, Cleveland-based for restructuring work in the auto- Now, with the assistance of in assisting companies with annu- and nonautomotive manufacturing. (313) 446- 0325 or [email protected]. National City Bank acquired Phila- motive industry meant that the Grant Thornton’s European re- al sales between $20 million and $4 Tom Henderson: Covers banking, finance and technology. (313) 446-0337 or delphia-based SSG Capital Advisors value of the restructuring group structuring presence, Rodriguez is billion, defends the ability of mid- [email protected]. L.P., an investment-banking and fi- was high. rolling out those services to Ford sized restructuring firms to pro- Bill Shea: Covers media, advertising and marketing, and Livingston and Washtenaw nancial-restructuring firm. “We are either at the peak or in Europe. vide global restructuring services counties. (313) 446-1626 or [email protected] “If you were to step back six close to the peak of restructuring Rodriguez predicts that the size to the automotive industry. Jennette Smith: Covers real estate and hospitality. (313) 446-0414 or months ago … there was a short- as it relates to the automotive in- and scope of the restructuring ser- What counts, Conway said, is [email protected]. age of restructuring and bankrupt- dustry,” Stout said. “And if we are vices needed by the automakers having turnaround professionals Brent Snavely: Covers auto suppliers, steel and restaurants and entertainment. (313) 446-0405 cy work out there nationally,” said not at the peak, probably most peo- and large automotive suppliers with automotive experience. or [email protected]. Tim Weed, a partner in the re- ple would agree, I think, that the will continue to drive consolida- Conway MacKenzie employs LANSING BUREAU Amy Lane: Covers business issues at the structuring operations improve- next 12 to 24 months are going to tion in metro Detroit’s local turn- nearly 70 in five cities, established a Capitol, telecommunications and utilities. (517) ment group of Southfield-based be the peak.” around industry and said the same Shanghai, China, office last year 371-5355, FAX (517) 371-2492, [email protected]. or 115 W. Allegan, Suite 220, Plante & Moran P.L.L.C. “And we Since the sale, Stout has been ex- forces are playing out with local and has relationships with a variety Lansing 48933. were the epicenter of restructur- panding the investment banking, law firms. of European restructuring firms. ADVERTISING ing and bankruptcy work.” valuation services and dispute advi- In January, for example, Lindahl “We’ve done more middle-mar- ADVERTISING DIRECTOR Marla Downs, (313) However, AlixPartners Vice sory and litigation services offered Gross Lievois, a six-member firm in ket automotive deals than any oth- 446-6032 or [email protected] Chairman and Managing Director from the Farmington Hills office. Bingham Farms specializing in er company in the world,” Conway SALES INQUIRIES: (313) 446-6052; FAX (313) 393-0997 Al Koch said his company’s sale to Loretta Cross, managing part- bankruptcy and legal restructuring said. “We have (global) alignments NEW BUSINESS DEVELOPMENT MANAGER Hellman & Friedman is unrelated ner of Grant Thornton’s restruc- services, was acquired by Cleve- that can get the work done.” Cathy Ross, (313) 446-0307, [email protected] ADVERTISING SALES Jeff Anderson, Terri to national trends. turing group, said the accounting land-based McDonald Hopkins Co. LPA. Brent Snavely: (313) 446-0405, Engstrom, Matthew J. Langan, Shawn “Our own change was driven by, firm established its restructuring McDonald Hopkins, which al- [email protected] McCracken, Tamara Rokowski, Dale Smolinski WESTERN ACCOUNTS Ellen Mazen (Los Angeles) (323) 370-2477 CLASSIFIED MANAGER Melissa McKay, (313) 446-1692 CLASSIFIED ACCOUNT EXECUTIVE Christina Jaranowski, (313) 446-1655 MARKETING ASSISTANT Jennifer Dunn Kresge: Puts more than $12M toward green design MARKETING ARTIST Sylvia Kolaski SALES SUPPORT Suzanne Janik, Andrea ■ Beckham, YahNica Crawford From Page 1 CIRCULATION Candice Yopp, Manager. PRODUCTION MANAGER Wendy Kobylarz Given that Kresge makes chal- ment to it. “It seemed Kresge was planning grants, so they’ll contin- mal use of standard wood in the PRODUCTION SUPERVISOR Larry Williams, lenge grants totaling more than in an ideal position to invest in ed- ue for the foreseeable future. building, because it takes 50 years (313) 446-0301 SUBSCRIPTIONS (313) 446-0450, $100 million each year that in turn ucational initiatives and materials The foundation has made green to grow a tree, Westerman said. Af- (888) 909-9111 contribute to about $5 billion in and financial incentives to encour- planning or bonus construction firmations is using wood from TO FIND A DATE A STORY WAS PUBLISHED: (313) 446-0367 or e-mail the Crain Information construction projects, it seemed age not-for-profits to take a hard grants to numerous nonprofits, in- faster-growing trees. Center at [email protected]. natural for the foundation to use look at whether green building cluding the Anchorage Museum Asso- “We hadn’t considered (building CRAIN’S DETROIT BUSINESS IS PUBLISHED BY those grants to bring greater visi- techniques were appropriate for ciation, National Aquarium in Balti- CRAIN COMMUNICATIONS INC. green) until we knew Kresge had CHAIRMAN Keith E. Crain bility to sustainable design, Sulli- their projects,” said Larson, who more, Atlanta Community Food Bank, this program,” Westerman said. PRESIDENT Rance Crain van said. retired from the board in June af- American Cancer Society, Great Lakes “We thought it would not only be SECRETARY Merrilee Crain By building green, “nonprofits ter serving as a director for more Division Inc., and the Grand Rapids Art TREASURER Mary Kay Crain good for the environment, but also Executive Vice President/Operations can (reduce) their energy costs, than 13 years. Museum. Other grantees include Al- help our fundraising efforts since William A. Morrow making a minimal draw on (their) Kresge’s program has three bion College, Lawrence Technological Group Vice President/Technology, the gay, lesbian, bisexual and Manufacturing, Circulation finite financial resources and on components: University, University of Michigan, transgender community places a Robert C. Adams the earth’s finite resources.” ■ Green-building workshops Wayne County Parks in Westland and Vice President/Production & Manufacturing high value on taking care of the en- Dave Kamis There are other U.S. founda- held with the New York City-based Affirmations Lesbian and Gay Commu- vironment.” Corporate Director/Circulation tions providing grants for green Nonprofit Finance Fund in 10 U.S. nity Center in Ferndale. Patrick Sheposh It used to be difficult to find low- planning and construction, but cities before they wrapped up ear- Affirmations used a green-plan- G.D. Crain Jr. Founder (1885-1973) emissions paint, a nonlaminate Mrs. G.D. Crain Jr. Chairman (1911-1996) they primarily fund projects in lier this year. ning grant to determine it would product, or one that didn’t have EDITORIAL & BUSINESS OFFICES: specific regions such as Boston ■ Planning grants to nonprofits be better to renovate its building, 1155 Gratiot Ave., Detroit MI 48207-2732; toxic materials, the Funders’ Net- (313) 446-6000 and Pittsburgh, said Ben Starrett, in the early stages of a capital pro- said George Westerman, board work’s Starrett said. But now, be- Cable address: TWX 248-221-5122 AUTNEW DET executive director of the Funders’ ject to help them assess whether to member and volunteer campaign Subscriptions $59 one year, $98 two years. Out cause of funders such as Kresge of state, $79 one year, $138 for two years. Network for Smart Growth and Livable include sustainable design. director for the nonprofit and busi- Outside U.S.A., add $48 per year to out-of-state Communities in Coral Gables, Fla. ■ Bonus grants to Kresge capital ness development executive for and the fact that there are so many rate for surface mail. Reprints: For inquiries call the reprints “Kresge is certainly the national challenge grantees that build IBM Global Services. organizations building green sites, department at: (800) 494-9051, Ext. 144 , or at leader.” green projects that meet the U.S. The project, which should be these types of products are show- [email protected] ing up in local Home Depot stores, CRAIN’S DETROIT BUSINESS ISSN # 0882-1992 Former Kresge board member Green Building Council’s Leader- completed early in 2007, calls for is published weekly by Crain Communications Inc. he said.“Kresge has the opportuni- at 1155 Gratiot Ave., Detroit MI 48207-2732. Robert Larson, managing director ship in Energy and Environmental recycling and reusing at least 50 Periodicals postage paid at Detroit, MI and of New York City-based Lazard Real Design standards. percent of the materials harvested ty to be a leader, now, in going be- additional mailing offices. POSTMASTER: Send address changes to CRAIN’S DETROIT BUSINESS, Estate Partners L.L.C. and nonexecu- The workshops and bonus-grant from the building; use of other re- yond green building in looking at Circulation Department, P.O. Box 07925, Detroit, MI 48207-9732. GST # 136760444. Printed in tive chairman of Larson Realty portions of the initiative have ex- cycled materials and materials green neighborhoods and (larger) U.S.A. Group in Bloomfield Hills, sparked hausted funding, Sullivan said, that emit low levels of volatile or- green communities,” Starrett said. Entire contents copyright 2006 by Crain Communications Inc. All rights reserved. the foundation’s interest in sus- but Kresge isn’t seeing any slow- ganic compounds in the paints, Sherri Begin: (313) 446-1694, Reproduction or use of editorial content in any tainable building and its commit- down in demand for the green sealants, and carpeting; and mini- [email protected] manner without permission is strictly prohibited. DETROIT BUSINESS MAIN 11-20-06 A 30 CDB 11/17/2006 5:38 PM Page 1

Page 30 CRAIN’S DETROIT BUSINESS November 20, 2006 RUMBLINGS WEEK IN REVIEW FROM WWW.CRAINSDETROIT.COM, WEEK OF NOV. 11-17

dos from the New York route, the Michigan Depart- Olympia Development, owned City-based nonprofit Project Legendary UM ment of Transportation said. by Mike Ilitch and Marian Il- Taubman to for Public Spaces. The park One lane will remain itch, submitted proposals to opened in 2004. open in both directions be- the city of Detroit this week football coach tween the Davison and I-94. to buy and renovate the his- Champion builds new Ky. Gary Wilson, former toric vacant G.A.R. Build- give ‘unplugged’ in-house attorney for Tay- ing at Cass and Grand Riv- home for TV contestants Schembechler lor-based Metro Cars Inc., is er avenues in Detroit, the suing the company in Detroit Free Press reported. Champion Enterprises Inc. dead at 77 Wayne County Circuit Detroit area Parisian talk on career received a publicity boost Court for $1 million, claim- stores in Livonia and this month when it was fea- ing it wanted him to engage Rochester Hills and a third ormer University of aubman Centers Inc. that once graced the late tured on ABC’s “The View.” in illegal, fraudulent and scheduled to open in Clin- Michigan football founder A. Alfred Taub- Josephine Ford home in The company worked with unethical business activi- ton Township in fall 2007 T man is expected to Grosse Pointe Farms sold F coach Glenn “Bo” Rosie O’Donnell on a home ties, The Detroit News re- have been sold by Char- Schembechler died Friday speak “unplugged” about for more than the price of ported. lotte, N.C.-based Belk Inc. to giveaway to recent “Amaz- morning of “cardiac-relat- his career during Cityscape many estates. Michigan’s unemploy- York, Pa.-based Bon-Ton ing Race” contestants Dave ed” causes, an Oakland Detroit’s annual meeting on Antiquesandthearts.com re- ment rate fell in October to Stores Inc., the Detroit Free and Mary Conley. The Conley County med- Dec. 1. ported the 62-inch 6.9 percent, from 7.1 Press reported. The sale family from Stone, Ky., will ical official Cityscape De- molded copper percent in September, price, which also included receive a 1,800-square-foot, said. troit is a Detroit- weather vane sold the Michigan Department stores in Indianapolis and higher-end modular home. Schembech- based nonprofit for $5.84 million at a of Labor & Economic Dayton, was $22 million. The segment featuring the ler, 77, was tak- that advocates ur- Sotheby’s auction in Growth said Wednes- Greektown Casino L.L.C. giveaway aired Nov. 7. en by ambu- ban planning and October, a record for day, up from a year- had $25.9 million in October lance to historic preserva- American folk art. ago rate of 6.4 percent, revenue, $2.8 million be- Providence tion in the city. In The Indian Chief and higher than the na- hind October 2005’s $28.7 Goodbye, ‘ern’ Hospital Fri- a statement earli- weather vane dated tion’s 4.4 percent job- million, while MGM Grand day morning er this month, the to about 1900. The Community Foundation less rate. Detroit Casino L.L.C. reported after collapsing group said Taub- But the Provencal for Southeast Michigan is General Motors nearly $39.7 million for the Taubman while he was Schembechler man’s appearance Road home that was leaving no stone unturned Corp. said it will move month, up from $38.8 mil- getting ready to record the will ditch “fancy speeches” the weather vane’s long- when it comes to streamlin- 3,600 workers from Pontiac lion last year. MotorCity “Big Ten Ticket” football and “scripted answers” for time perch is being torn ing its operations. to Warren and Detroit by Casino L.L.C., with $37.3 mil- a new, off-the-cuff format. down according to reports segment for WXYZ. The Foundation has had the first quarter of 2008, the lion in October 2006 rev- “Nothing’s off the table,” from Grosse Pointe insid- The cause of death was re- “Southeastern Michigan” Detroit Free Press reported. enue, was up from its $36. 3 said Chris Tennyson, Taub- ers. (The home is on a pri- lated to Schembechler’s as part of its name since the Dan Gilbert, chairman million in October 2005. man’s public-relations rep- vate drive in Grosse Pointe heart, said Mike Dowd, the mid-1980s, but recently and owner of Quicken Michigan Attorney resentative, of the topics Farms.) Calls to Ford fami- chief investigator for the dropped the “ern” from its Loans/Rock Financial, isn’t General Mike Cox filed a Taubman is willing to ad- ly representatives and the Oakland County Medical Ex- yet ready to build a corpo- complaint in Ingham County dress at the meeting. city were not returned in name in an effort “to get aminer’s Office. The hospi- rate headquarters in down- Circuit Court against the city Taubman’s storied ca- time for deadline, but the more efficient,” said Anne tal and the university could town Detroit, The Detroit of Pontiac for its refusal to reer includes building Grosse Pointe News report- Weekley, vice president of not be reached for comment. Free Press reported, citing participate in a voluntary Bloomfield Hills-based ed this fall that Elena Ford communications. Schembechler had re- unnamed sources. agreement with the Michi- and her husband Joe Rip- “We have a lot of funds cently had a pacemaker im- Taubman Centers into one The Michigan Tourism gan Department of Environ- polone are building a large we work with, and names planted after becoming ill of the nation’s most promi- Index, compiled by Comerica mental Quality to address al- home at the same address. tend to get a little cumber- during at Oct. 20 taping at nent retail real estate in- Bank and released Wednes- leged illegal water Architect Dominick some,” she said. “It enabled the same studio. vestment trusts, as well as a day, slid to 115 points, down contamination. Tringali did not return a us to come up with a new long record of generous from 118.5 the previous The University of Michi- call in time for deadline. logo that looked a little philanthropic donations ON THE MOVE quarter and down from gan board of regents on Fri- and a one-year sentence in An important caveat: the cleaner.” 124.3 at the end of 2005. It is Jim McElya, chairman day approved designs for prison for a price-fixing weather vane was sold as the lowest reading in more and CEO of Novi-based the $226 million renovation scandal during his tenure part of a Ford collection of than three years. BITS & PIECES Cooper-Standard Automotive and expansion of Michigan as chairman of Sotheby’s art and rare furniture, not Farmington Hills- Inc., was elected chairman Stadium. Holdings Inc. as a fixture in the home Oakland County Exec- based Covansys Corp. an- of the board for the Original Cincinnati-based Feder- Cityscape Detroit’s annu- sale. utive L. Brooks Patterson is nounced Thursday that it Equipment Suppliers Associa- ated Department Stores Inc. al meeting takes place at Elena Ford is the great- expected to receive an hon- received a letter dated Nov. great-granddaughter of tion. announced Friday it sold 6:30 p.m. Dec. 1 at the Col- orary degree at Kettering 14 that it is noncompliance its David’s Bridal stores, in- lege for Creative Studies. Ad- Henry Ford. Josephine, a University in Flint when he with Nasdaq rules requiring noted philanthropist, was cluding five local outlets, mission is free from presents the commence- BRIEFLY timely filing of quarterly and Priscilla’s of Boston his granddaughter. reports and is subject to be- Cityscape members and $8 ment address Dec. 9. Oakland County an- stores to Los Angeles-based ing delisted. Company offi- dollars for the general pub- One metro Detroit ho- nounced its launch of the Leonard Green & Partners L.P. cials say they will appeal lic. Campus Martius honored tel and two area restau- monthly E-Focus, the coun- for about $750 million, and the decision. To reserve a ticket for the rants received coveted four- ty’s first electronic newslet- also announced it sold its Campus Martius Park United Way for South- meeting, email star ratings from the Mobil ter by and about the Depart- After Hours Formalwear busi- has collected more recogni- eastern Michigan, which [email protected]. Travel Guide in its 2007 ment of Economic nesses, including 12 Detroit tion as a top urban park. Ur- serves Wayne, Oakland and ban Land Institute’s October rankings released Thurs- Development and Commu- area stores, to Houston- nity Affairs. To subscribe, Macomb counties, sur- based Men’s Warehouse for That’s one expensive Urban Land magazine day. They are: The Townsend passed its $61 million Torch named it one of the top-10 Hotel in Birmingham, The visit www.efocusoakland. about $100 million. weather vane com and click on the “sub- Drive goal, raising $61.07 urban parks in the U.S. Lark in West Bloomfield and million. A folk art weather vane This follows previous ku- Tapawingo in Charlevoix. scribe” button. OBITUARIES The Salvation Army East- Sprint Nextel Corp. says ern Michigan Division it has completed a nearly William Bledsoe III, re- launched its $7 million Red $48 million upgrade of its tired judge of the 30th Dis- Kettle Campaign on Friday. wireless network in South- trict Court in Highland Park, The Motown’s Down- east Michigan. died of pneumonia Nov. 10. Going green? towns partnership between Detroit’s ABC affiliate, He was 76. Detroit and several other Southfield-based WXYZ-TV Bob McCurry, former With more companies “going green,” Check out Light Green Advisers local cities plans to pilot a Channel 7, is now broadcast- group vice president for more grassroots efforts to further the (lightgreen.com) a Seattle-based Chrysler Corp. and executive green business have sprouted online. investment adviser catering to free shuttle service be- ing its 5½ hours of daily lo- So, if you’re looking to go green, environmentally friendly business. tween downtown Detroit, cal news in high definition. vice president of Toyota Mo- invest green or just read about all You’ll find green investment Ferndale, Hamtramck and About 150 local jobs tor Corp., died of complica- things green, click away. resources, directories and research Royal Oak from 11 a.m. to 6 are expected to be cut now tions from prostate cancer Greenbiz.com features job postings, on the profitability potential of green p.m. this Friday. through February as Feder- Nov. 13. He was 83. event calendars, resource listings biz. The Lodge Freeway ated Department Stores Inc. Louis James Perrone, and news on all things eco-friendly in And if you’re looking for green-only will close completely in plans to close a distribution who founded Perrone Lumber the world of business. A particularly news, check out February between Lahser center in Warren and elimi- and Millwork in Detroit, died strong area on this site is the insidegreenbusiness.com. The site Road in Southfield and the nate interior design and Nov. 2. He was 98. “GreenBiz Essentials” area in the WEB WORLD features articles on legal, business Davison Freeway in De- scheduling positions at Joseph Ungaro, former Business Toolbox link. You’ll find lots troit to repair more than 14 Daniel Eizans and science issues. metro Detroit Macy’s stores, president and CEO of the of information to get started. Also, don’t miss the Innovations miles of pavement and re- the company announced. Detroit Newspaper Agency, Looking for investors for your green ideas? section in this week’s issue (Pages 11-17). pair bridges along the Six bidders, including died Nov. 12. He was 76. DBpageAD.qxd 11/10/2006 12:44 PM Page 1

For more than 110 years, The Engineering Society of Detroit (ESD) has united engineering, scientific and allied professionals to enhance their careers and foster GREEN BUILDING: the next generation of leaders. With 4,400 individual members, 125 corporate members and 77 affiliate technical and professional societies, ESD is committed to Ecologically Friendly, Environmentally Responsible green principles. To support the construction and design communities, ESD:  Honors owners, architects and builders with the annual Construction and Design Awards—Nominations due February 2, 2007.  Highlights innovation in engineering and technology through the ESD Alpha Awards—Nominations due February 28, 2007.  Conducts cutting edge and informative conferences and seminars such as the annual Economic Forecast for Design and Construction.  Facilitates the Construction and Design Committee to produce joint-effort professional development activities.  Publishes stories about construction, design and green building in Technology Century magazine. Find out more about ESD online at www.esd.org or call 248-353-0735.

CLIMATE TECHNOLOGIES CORPORATION. Volatile Organic Compounds DÜRR SYSTEMS. After being nationally recognized for implementing (VOCs) are a natural by-product of manufacturing processes such as a significant cogeneration system fueled by landfill gas (LFG), BMW woodworking, painting, finishing, chemical, pharmaceutical and electronics. Spartanburg wanted a way to utilize the additional LFG capacity at Traditional abatement of these pollutants is the “capture and burn” method, the local landfill. Recognizing that the paint shop was the largest user but that has become more costly as gas prices escalate. Climate Technologies of energy in the facility, Dürr Systems (BMW’s long-standing process Corp., in partnership with Ford Motor Company and Detroit Edison (DTE), partner and the original designer and manufacturer of the complete developed a method to capture the VOC emissions and convert them into a paint facility), examined the practicality of converting production fuel source. The Fumes-to-Fuel process captures the VOCs and concentrates critical process components to landfill gas and then moved forward in them to be used as fuel in the engine which drives a generator that produces retrofitting the facility. By taking advantage of an available renewable electricity. The net result is that the Fume-to-Fuel life cycle cost is less than resource and the process expertise of Dürr, 63% of BMW’s paint facility’s one quarter the cost of the old “capture and burn” method. This process won total energy now comes from LFG…truly making them the world’s first the 2006 ESD Alpha Award for innovation in Engineering and Technology. green automotive paint shop. www.durr.com www.climatetechnologies.com

HAMILTON ANDERSON. The Detroit School of Arts is a new 1,200-student, JM OLSON CORPORATION. Fairlane Green Retail Center is a 70-acre, award-winning, public high school located in the heart of Detroit’s Cultural $145-million, two-phase project constructed on the site of the closed Ford Center. Its recent opening marked the completion of the original “Orchestra Clay Mine in Allen Park. JM Olson provided the site work for this award- Place” master plan. The school features six stories and 300,000 square winning project, the largest known shopping complex in the country feet of unique academic, performance, and production spaces. The located on a Brownfield Site. The site environment was designed to be Detroit Public Schools formed collaborative partnerships with the Detroit ecologically friendly by incorporating bio-swales and ponds for retaining, Symphony Orchestra and Detroit Public Television to give students direct filtering and re-using rainwater for landscape irrigation. The landscape access to top quality educators, programs, and professional facilities such incorporated native, low water use plant material to compliment the Prairie as the in-house television (DPTV) and radio (WCMJ) production studios. Style-designed buildings. Many of the building materials were recycled The school includes two green roofs and is the first project in the City or produced locally to reduce environmental impact. Because of that, the of Detroit to receive a LEED rating (Certified Level) with the U.S. Green project earned LEED Gold Certification from the U.S. Green Building Council. Building Council. The Detroit School of Arts is a 2006 ESD Construction and Fairlane Green was also honored as a 2006 Construction and Design Award Design Award Winner. www.hamilton-anderson.com project. www.jmolson.com DBpageAD.qxd 11/8/2006 2:37 PM Page 1

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