Wipfli has acquired Eikill & Schilling, a consulting and accounting firm with offices in Duluth and Cloquet.
Banking + Finance
The amended deal does not include Champion Technologies’ refinery unit, which Ecolab believes was the subject of government concern over potential anticompetitive issues.
Citing an unnamed “person familiar with the matter,” The Wall Street Journal said that private equity firm Cerberus Capital Management, LP, is considering a deal to buy Supervalu’s entire business and another to purchase just its Albertsons stores.
Steven Spiegel will replace Brent Moen, who has held the top financial post at Regis for less than two years.
Norwest Equity Partners sold Becker Underwood to German chemical company BASF.
The Bloomington-based glass products maker, which has increased its sales and revenue despite a slow-growth commercial real estate market, has seen its stock price more than double during the past year.
Separately, the company also opened its first office in Turkey last week.
The Minneapolis-based company said that the newly formed credit union will have about $500 million in assets; current Thrivent Financial Bank clients will become member-owners of the credit union.
The Minnetonka-based health insurer said that it expects to earn $5.25 to $5.50 per share in 2013, less than the $5.58 per share that analysts have predicted.
A study by the Tax Foundation estimates that a Minnesota household earning $87,319 would pay an estimated $4,382 more in taxes in 2013 than they did in 2011, if Congress is unable to avert the so-called “fiscal cliff.”
The Austin-based company is rumored to be eyeing Hillshire Brands Company, whose brands include Jimmy Dean sausages, Ball Park hot dogs, and Sara Lee.
The company said that its 26 percent drop in quarterly profits was due to $245 million in litigation expenses and the impact of foreign currency rates.
Best Buy’s stock price dropped as the company confirmed its expected decrease in quarterly earnings and same-store sales; meanwhile, founder Richard Schulze and CEO Hubert Joly will reportedly meet this week.
A new lawsuit reportedly accuses the bank of turning a blind eye to Tom Petters’ fraud; BMO Harris Bank, which acquired M&I, denies the claims.
The company plans to rename the just-acquired dealership Chevrolet of Delano and make its power sports division a standalone dealership; the acquisition is the latest in a series of dealership purchases that it has recently made.
The fast-growing fitness center chain said that it has bought hair-removal company Waxing the City, which will open its first Minnesota location in Woodbury next month.
Hutchinson Technology’s second-largest shareholder is encouraging the company to consider selling one of its divisions and to explore other alternatives if it’s unable to return to profitability during its current fiscal year.
The Burnsville-based retailer expects that the acquisition will make it a nearly $1.5 billion company.