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April 18 Mezzanine Financing: What Is It and How Do You Use it? Ward S. McNally and Frank Galioto

of McNally Capital of Chicago will be on hand to provide the ACG West Michigan Chapter an informative and timely presentation on the Mezzanine Debt Market. The session will cover the types of deals currently being funded, as well as the types of deals NOT being funded. The McNally presentation will also cover mezzanine return expectations, typical loan durations, and reporting and cov- enant restrictions.

May 16 Growing Through Acquisitions and the Challenges Associated with Integration Applied Imaging Learn how this successful multi-gen-

erational family business has navigated the many stresses and strains of growth by acquisition.

July 26 ACGWM and TMA Joint Networking Event Evening Mark this date to network with the

leading regional corporate and turn- around professionals.

September 12 Acquiring a Corporate Spin-off and the Unique Challenges of the Process Cast Aluminum Solutions Purchasing a corporate orphan is

always a unique challenge for any indus- try. Hear how Cast Aluminum Solutions successfully adopted the culture and operations of an orphaned organization.

September 19 & 20 2012 Great Lakes Capital Connection Detroit Marriott at the Renaissance Center Hundreds of M&A pros and middle-

market business executives descend on Detroit for the two-day networking and education event, sponsored by seven Great Lakes Chapters of the Association for Corporate Growth. With a focus on middle-market transactions, the event includes a Deal Source gathering where attendees can meet for 20-minute conversations with investment bank- ers; educational panel presentations; and a Capital Connection networking event with regional and national private equity fi rms. Early registration tickets are $240 for ACG members and $350 for non-members.

October 17 Annual Dinner Keynote by Tom Gosnell, Retired

President of Arvin Meritor Commercial Vehicle Systems and current CEO of MVG Holding LLC.

Association for Corporate Growth-Western Michigan Board Members 2012

President: Chuck Smeester, WilliamCharles Search Group

Vice President: Nick Adamy, Adamy Valuation Advisors Treasurer: Kraig Harper, Service Express Secretary: David Hensch, JP Morgan Chase Bank

Exec. Director: Julie Metsker, Professional Administrative Resources

Offi cers: John Arndts, Mika Meyers Beckett & Jones Don Hunt, Lambert, Edwards & Associates Inc. Vicky Black Remos Lenio, Hartwick Capital Joel Brandt, Fifth Third Bank Rich Noreen, BDO Jason Byrd, Huizenga Group John Pollock, LV2 Equity Partners LLC Jerry Callahan, Van Andel Institute Kimberly Thomas, Priority Health Joani Gill, New York Life Insurance Co. John Sommerdyke, Miller Canfi eld Paul Guerre, Wolverine Worldwide Robert Stead, Gordon Food Service Inc.



By Carl Dunker | MiBiz


part of the ongoing trend to simultaneously combat the slow bleed of talent from West Michigan and the phenomenon of “textbook businesspeople,” the ACG Cup Competition provides students the chance to perform in a real-world setting and connect with promi- nent professionals in the region. The annual case-study and deal analysis competition

put on by the Association for Corporate Growth (ACG) Western Michigan gives graduate students firsthand experience in the challenges and rewards of valuation and acquisition. Students also gain feedback from members of the West Michigan business community while strength- ening ties between business leaders in West Michigan and the region’s top business schools. One of the goals of the competition is to halt the

“brain drain” Michigan is experiencing, according to Lilibeth Marvin, chapter administrator at ACG Western Michigan. “The organization wants to help keep the talent in Grand Rapids,” she said. Now in its fourth year, the two-round competition

involves teams of between two and four students from five West Michigan universities: Davenport University, Grand Valley State University, Western Michigan University, Cornerstone University and Ferris State University. Students vie for the prestigious ACG Cup, $5,000 and a one-year membership in ACG. The team from WMU won; GVSU came in second. In the months before the first round of competition,

teams at each university engage in training and prepa- ration. Students worked with professors and members of ACG West Michigan for mentoring and advice, and the ACG Cup Committee provided resources about the competition. Two weeks prior to the first round of competition, teams

received a real-world case study to analyze and from which to prepare recommendations. The initial round took place on Jan. 21, when teams from the five participating schools presented their findings before industry professionals who acted as judges and responded to critiques of their meth- odology and conclusions. At the end of the first round, the judges chose one team from each school to continue on to the second round. On Feb. 25, the top team from each of the five schools

went to Cornerstone University and presented their find- ings on a new case study. Each team also faced the same rigor of scrutiny as the first round. The winners were announced as part of the ACG Outstanding Growth Award reception on March 13 at Meijer Gardens. The competition culminates in an intrastate com-

petition on March 31 on the campus of Michigan State University in East Lansing between the winners of the Detroit and West Michigan competitions.


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