Business Briefs August 27, 2018

Business Briefs August 27, 2019

Business Entity Filings – Photo: TN.gov

 

 

Starwood Capital Group

Starwood Capital Group, the investment firm led by billionaire Barry Sternlicht, is stepping up its investments in affordable apartments as demand for cheaper housing soars across the U.S.

The company bought 4,448 rental units mainly in the Dallas-Fort Worth area, in Houston and across Florida, Starwood said in a statement Monday. Terms weren’t disclosed.

The purchase gives Starwood and its affiliates a total of almost 20,700 units of affordable housing, “making us one of the top 10 largest owners in the United States,” Mark Keatley, managing director at Starwood, said in the statement.

 

General Mills

Golden Valley-based food giant General Mills announced several executive changes: Chief Financial Officer Don Mulligan will transition to an advisory capacity Feb. 1 and will retire June 1, 2020. Controller Kofi Brucewill be promoted to vice president, financial operations, Sept. 1, and will succeed Mulligan as CFO. Billy Bishop, group president, Pet segment, will assume the role of Founder & Brand Advisor for the Pet segment, effective Jan. 1. Bishop co-founded the Blue Buffalo brand, which General mills later acquired; Bethany Quam will be appointed group president, Pet segment, Oct. 1. Dana McNabb, president, U.S. Cereal will be promoted to Group President, Europe & Australia segment, effective Jan. 1, 2020.

 

Wealth Enhancement Group

Wealth Enhancement Group, Minnetonka, announced its acquisition by funds affiliated with TA Associates, which purchased the equity stake owned by funds affiliated with Lightyear Capital; the firm also announced that it has acquired Planning Solutions Group, Fulton, Md.; Wealth Enhancement Group said it will continue to be a privately held, independent firm, under its existing leadership team.

 

Honors

Agricultural co-op and retail dairy-goods brand Land O’Lakes, Arden Hills, was included on Fortune magazine’s 2019 Change the World list.

Ecolab, a St. Paul-based provider of water, hygiene and energy technologies, announced it has been ranked in the top 10 percent of companies in the third annual Diversity Best Practices Inclusion Index of Working Mother Media.

Scott Petinga Group, Minneapolis, announced that U.K. publication CEO Monthly has named CEO and Chief Troublemaker Scott Petinga its Most-Disruptive CEO in its CEO Excellence Awards.

 

Hospitality

Minnetonka-based Radisson announced the signing of Treasure Island – TI Hotel & Casino in Las Vegas to its portfolio of hotels.

 

 

 

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