Daily Briefs

Federal judge dismisses lawsuit over newborn blood draws  


GRAND RAPIDS, Mich. (AP) — A federal judge has dismissed a lawsuit brought by a group of Michigan parents who alleged that the state didn’t obtain proper consent to draw or store their newborns’ blood for medical research.

An attorney for the parents tells WOOD-TV an appeal is planned.

The lawsuit argued that Michigan’s decades-old practice of drawing infant blood was unconstitutional. It also alleged there weren’t protections in place to stop police or others from accessing information that could be derived from stored samples.

The lawsuit wasn’t seeking to stop the testing, but aimed to better inform parents and let them decide.

Michigan has defended the practice. The state Department of Health and Human Services has said that the blood of more than five million people is being stored.

 

Detroit equity firm invests in national food service supplier


Leading lower-middle-market private equity firm Huron Capital has partnered with Chicago-based KCM Capital Partners and Columbus-based Stonehenge Partners in a joint investment in national food service supplier Atlantic Beverage Company. Atlantic Beverage will serve as Huron Flex Equity’s newest platform in the food service and distribution markets.

Founded in 1986, Atlantic Beverage is a leading specialty importer and distributor of more than 2,000 non-perishable food and beverage products to food service customers across the U.S. Headquartered in Edison, New Jersey, the company will continue to be led by Founders Jeff Muhlgeier and Elliot Braun.

“We are excited to collaborate with our new equity partners and believe this relationship will benefit our customers and employees as we expand our resources and operating expertise,” said Braun. “We started out more than 30 years ago as a wholesale beverage operation and have grown into a top food service distribution company serving customers throughout the country with a roster of national brands, company-owned import brands and in-house packaged spices.”

Since its inception, Huron Flex Equity has completed non-control equity investments in three companies.

“With its strong market presence and proven longevity, we believe Atlantic Beverage is an excellent investment opportunity with an industry leader that will benefit from our combined resources,” said Doug Sutton, Partner and head of Huron Flex Equity. “Our goal is to further develop and boost the market share of Atlantic Beverage by working with Jeff and Elliot to cultivate organic growth, product line expansion, and additional acquisitions.”

Derek Ferguson, Partner at KCM Capital Partners, added, “Atlantic Beverage has a solid foundation with a deep market presence on the East Coast, South and Midwest, presenting us with a dynamic opportunity for growth. We are thrilled to partner with Huron Capital, Stonehenge Partners and Atlantic Beverage’s seasoned management team to further advance the company.”

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