Business News

Home/News/Business News

J&J Ventures Gaming acquires Illinois Gaming Systems

J&J Ventures Gaming has acquired Illinois Gaming Systems, and the purchase of all gaming operations of IGS will give J&J Ventures nearly 3,000 locations in gaming and amusements. J&J Ventures Gaming and J&J Ventures Amusements are headquartered in Effingham, Illinois, where their predecessor, J&J Ventures, Inc., began route operations in 1929. IGS is headquartered in [...]

By |May 5th, 2021|Categories: Business News|0 Comments

Arena Food Service acquires GÜ

Arena Food Service has acquired GÜ, but not much has changed, other than the company’s plans for growth. In 2018, David Radwine, who had previously worked as executive chef at the Sangamo Club, and Dennis Bringuet, owner of Ace Sign Company, teamed up to launch a new company that would provide healthier options for workplace [...]

By |May 4th, 2021|Categories: Business News, News|0 Comments

BOS Asset Management has acquired L.A. Burton & Associates

BOS Asset Management, a newly created registered investment advisory firm, has acquired L.A. Burton & Associates following the retirement of owner Larry Burton. “It was an acquisition of his book of business; he was retiring after 27 years,” said Brian Brewer, senior vice president and program manager for BOS Investment Services. Brewer also serves as [...]

By |April 28th, 2021|Categories: Business News|0 Comments

New data tracker shows decline in small business — hospitality businesses experienced largest decrease

By Sarah Mansur, Capitol News Illinois Hospitality jobs in Illinois have declined nearly 52% since the pandemic began, according to new data, as lawsuits continue against the governor’s orders to close nonessential businesses. While leisure and hospitality jobs were hit the hardest, the number of small businesses open in Illinois overall has fallen by about [...]

By |April 21st, 2021|Categories: Business News|0 Comments

CEFCU has acquired four additional branches from Simmons Bank

Citizens Equity First Credit Union (CEFCU) has completed its purchase of four Illinois branches from Simmons Bank, effective March 15. The branch offices are located in Columbia, Edwardsville, Godfrey and O’Fallon, Illinois. CEFCU’s total assets as of the end of January 2021 were more than $7 billion.  The purchase increases CEFCU’s assets by just over [...]

Small business grant program ends, less than 20% of applicants received money

By Sarah Mansur, Capitol News Illinois The grant program for small businesses owners in Illinois who suffered losses during the pandemic has run out of money. Illinois’ Business Interruption Grant program was the largest state program of its kind, but only about 20%, or 8,974 applicants, received a grant. The Illinois General Assembly created [...]

By |January 11th, 2021|Categories: Business News, News|0 Comments