Business Services Industry
Rumblings.(Post Bar restaurant chain owners divest ownership to Mike McInerney)(Credit Acceptance Corp. reward its shareholders )
Crain's Detroit Business, October, 2006
Owners change on 5 Post Bar locations Five Post Bar locations have reportedly changed hands, after having been bought by current and former co-owners. Steve and Jennifer Wheeler - whose father, Pat, founded the bar in Detroit in 1978 - sold their stake in the metro Detroit bar and restaurant chain.
Four locations have gone to part-owner Mike McInerney, for an undisclosed price. A fifth Post was sold for $2.4 million to Mt. Clemens Property Partners L.L.C., a new company made up of four former part-owners in the chain. Post Bars in Dearborn and East Lansing are under separate ownership. Steve Wheeler and McInerney declined to confirm the sale, but real estate broker Joe Sowerby said he was told Wheeler divested his ownership in the chain. Former partner...
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