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U.S. Pipe hopes to expand its Midwest footprint with its first acquisition in Minnesota.
In a deal valued at $775 million, two private equity firms have sold their interests in Northern Tier Energy—which operates a Minnesota refinery, as well as a portfolio of gas stations in Minnesota—to a Texas-based oil refining and distribution company.
The company is projecting 2013 sales of $152 million, about half as much revenue as it reported a few years ago.
SmartThings—which allows users to control household and other devices using a smartphone—has now raised $15.5 million in venture capital, in addition to the $1.2 million that it “crowdfunded.”
Stock sales by Best Buy’s founder and his family foundation top $200 million since September.
Owner/President, The LaClare Group, Inc.
A merger involving the 26-lawyer Minneapolis firm Mackall Crounse & Moore marks the third significant law firm combination in the Twin Cities during the past couple of years.
A former Twins executive; the president of Rochester Area Economic Development, Inc.; and the dean of the Carlson School of Management are among those appointed to the Economic Development Agency Board.
An estimated 150 Xbox One consoles were reportedly shipped to customers over the weekend, ahead of its official November 22 launch date.
At-Scene took first place in a contest during this year’s MobCon event for its iCrime Fighter application, which is meant to aid police departments in gathering evidence.
The agency said that it is eliminating upfront borrowers’ fees for veterans who receive a loan worth up to $350,000 through the SBA Express Loan Program.
Twin Cities Business took home gold awards for cover design and best feature story, among several other honors.
An amendment to Dolan’s loan agreement also moves up a due date, reduces the amount of money available in a revolving credit facility, raises the interest rate, and limits capital expenditures, among other things.
Could the Affordable Care Act lead to a decline of mergers and acquisitions in Minnesota or just a more complex vetting process?
3M is suing two dental businesses for allegedly infringing on the company’s ceramic-based dental technology.