Minnesota company news roundup

May 11, 2013 at 12:20AM

MERGERS AND ACQUISITIONS

Labor All Personnel, with offices in Anoka, Minneapolis and St. Paul, has been sold to a local business executive, Dan Mulvaney of Sunbelt Business Advisors. Labor All serves the Minnesota and western Wisconsin temporary-labor markets for blue-collar workers including truck drivers, forklift drivers, machine operators, and other positions required by the company's logistics, manufacturing, and service clients.

Abra Auto Body & Glass, Brooklyn Center, acquired 23 Precision Collision Auto Body repair centers in the Seattle area and throughout Washington. The deal marks the company's entry into the Northwest region.

NEW BUSINESS

Otter Tail Power Co., Fergus Falls, Minn., has signed a deal with Ashtabula Wind III LLC, a subsidiary of NextEra Energy Capital Holdings, to purchase 62 megawatts of power from its wind farm in Barnes County, N.D., according to a filing with the Minnesota Public Utilities Commission.

CHS Inc., Inver Grove Heights, and the Aurora Cooperative have formed a limited liability company to build and operate a high-speed shuttle loading facility near Superior, Neb. The new entity, called Superior East, expects to begin construction immediately and be completed in about 12 months. With a storage capacity of 1.25 million bushels, the new grain facility will include a 120-car capacity circle track on the Burlington Northern Santa Fe line moving corn, soybeans and hard red winter wheat to markets west and south, including Mexico.

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Spencer Platt

The U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.
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