Jannsen & Co., a Waukesha-based tax, HR, IT, payroll and wealth management firm, will break ground on a new $4.5 million, 25,000-square-foot, two-story multi-tenant building on Wednesday, July 9.

Jannsen & Co. will occupy the second floor of the building. Frett/Barrington Ltd. and 1st Choice Mortgage will occupy office space on the first floor. A 2,700-square-foot space remains to be leased.

A groundbreaking ceremony will be held at 11 a.m. July 9 at the site of the new building, W239 N3442 Pewaukee Road, Pewaukee. Crews will begin excavations July 10, said Terry Jannsen, managing shareholder of the company.

The company currently leases 6,500 square feet of space at W229 N1433 Westwood Drive, Waukesha.

The project is expected to be complete in May of 2009.

The new building, developed with financing from First Bank Financial Centre, will be owned by a group of 11 friends, made up of Jannsen and his partners in the firm, one of the partners from 1st Choice Mortgage and several clients and friends.

Jannsen & Company will nearly double its office space when it moves to the new building, Jannsen said. The company employs 30 to 35 workers, depending on the time of year, Jannsen said, and its new office will be able to accommodate up to 60. Jannsen & Co., which had about $3 million in revenues last year, expects about $3.5 million revenues this year.

"Right now we're stomping on each other - we're looking for room to expand," he said. "The group here has always said it wanted to own our own facility, but it had to be in Waukesha or Pewaukee. This was the right parcel for the right price. It all kind of fell together."

For more, visit www.jannsen.com.

SABMiller plc and Molson Coors Brewing Company announced they have closed on the transaction to combine their U.S. and Puerto Rico operations to create MillerCoors. The new company will begin operating as a combined entity today.

"As a unified company with a world-class board and leadership team in place, MillerCoors will be able to create tremendous opportunities for innovations in products and services that will allow us to drive profitable growth," said Pete Coors, chairman of MillerCoors. "Personally, I am thrilled to be part of such an exciting and innovative organization and look forward to serving as the chairman of this new business.”

Graham Mackay, chief executive of SABMiller, said, "Today is an historic day in the American beer business, not only for the shareholders of both SABMiller and Molson Coors, but for MillerCoors consumers, employees, distributors and business partners. Now that the transaction has closed and MillerCoors is a reality, the strong leadership team we have put in place is ready to execute and realize the tremendous potential of this great organization."

Leo Kiely, chief executive of MillerCoors, said, "MillerCoors will be entrepreneurial, with the ability to operate with speed and agility in the marketplace, backed by the powerful combined resources of two exceptionally successful companies. We will drive profitable growth and bring new energy to the U.S. beer industry. Our focus now is to deliver on the $500 million in identified annualized cost synergies by improving sourcing across our eight major breweries, building a streamlined organization and leveraging the scale of the new company. Our talented people are experienced and passionate about this business and - importantly - are determined to win.”

Some of those efficiencies will be reached, presumably, by cutting hundreds of administrative jobs. Miller has about 900 administrative jobs in Milwaukee.

MillerCoors has not yet announced where its combined headquarters will be. SABMiller is based in London, and its Miller Brewing Co. unit is based in Milwaukee. Molson Coors is based in Golden, Colo.

Pete Coors said earlier this year that the merged company's headquarters will likely be in a neutral location.

The Denver Post reported that the cities being considered for the merged headquarters are Chicago, Kansas City, Dallas, Atlanta, New York and Des Moines.

Miller spokesman Julian Green said a decision on the location of the merged headquarters will be announced "soon."

SABMiller and Molson Coors have each named five representatives to the MillerCoors board of directors, as follows:

Milwaukee-based Tushaus Computer Services announced it has acquired the southeastern Wisconsin client list of mid-market customers of Bedrock Managed Services of Madison.

The acquisition is aligned with the Tushaus business strategy to provide strategic information technology and managed services to mid-market clients.

"The mid-market is underserved by IT services providers. We have streamlined our operations to effectively serve this market with the quality and professionalism normally reserved for much larger organizations," said Gregg Tushaus, founder and chief executive officer of Tushaus. "We are pleased to take on these new customers and look forward to delivering business value to them for years to come."

Name: Michael Sadoff

Title: Investment Advisor

Company: Sadoff Investment Management LLC

Family: Wife. Julie; and children Justin (age 7); Jordan (4); and Samantha (2)

City of Residence: Mequon

What's new at your company? "We are celebrating our 30th year in business since my father, Ronald Sadoff, founded the firm. Now myself, father and brother, Bryan, manage approximately $400 million. Last fall my father was named by Barron's as one of the top 100 Independent Investment Advisors in the country (and the only one in Wisconsin). Also, with the stock market down 20 percent over the past nine months, many people hesitate to ask me how business is going. In fact, we have already added more clients in the first six months of 2008 that we did all of 2007. Since we have a successful long-term track record when the stock market falters many people are looking to either change advisors (since many advisors have no sell strategy) or hire an advisor to stop managing their own funds. Relative to the stock market we are having a very good year."

What are the most interesting issues you work with clients on? "Retirement planning. Many brilliant people - doctors, lawyers, etc - struggle when having an idea of what level of investments they need to retire. I really enjoy helping and educating clients and getting them on the right path with their investments."

What is the most difficult or challenging project you've been involved with? "I started with the firm about two weeks after the market peaked in 2000. For my first three years the stock market fell in half from top to bottom. Fortunately with our conservative strategy our firm was positioned well and the market tumble ended up being a net positive for our firm."

What was the funniest moment of your career? "We had a pastor as a client who asked about a stock that was in his portfolio that had recently doubled in value. He asked what they did - which was make slot machines. He was embarrassed and thought out loud that as a pastor should he be invested in this sort of company? He then said, 'Well, the stock is doing well. I guess it is OK if I make money off of the stupidity of others.' Once he left the office, we laughed that had the stock not been up so much he would have certainly asked us to sell it. Behavioral finance at its finest."

Financial services sector donates for flooding relief

Several Milwaukee-based banks and financial institutions have created loan recovery programs or donated to area disaster-relief efforts.

Green Bay-based Associated Banc-Corp will donate $50,000 to the American Red Cross in areas affected by flooding, and has launched an employee giving campaign to raise an additional $50,000.

M&I Bank recently announced low interest loans and a deferred payment program for residents and businesses affected by flooding.

Chicago-based Harris Bank, which recently acquired Ozaukee Bank and M&M Bancorp, has donated $50,000 to the American Red Cross to be used for flooding relief.

Milwaukee-based Northwestern Mutual also granted $75,000 to the Red Cross Central States Flood and Tornadoes Relief Fund, which helps affected areas in Illinois, Indiana, Iowa, Kansas, Missouri and Wisconsin.

Fiserv again named to Fortune 500

Fiserv, Inc., a provider of information technology services to the financial and insurance industries, has been named to the Fortune 500 ranking of the top American companies by Fortune magazine for the third year in a row.

"It’s a great honor to be recognized amongst the leading companies in the U.S.,” said Jeff Yabuki, Fiserv President and Chief Executive Officer. “Last year was a transformational year for Fiserv. We expanded the scope of our product and services offerings highlighted by the acquisition of CheckFree. We have laid the foundation for providing our financial services clients with innovative and integrated technology solutions. These changes should enhance our long-term growth profile and provide attractive shareholder returns."

MGIC approves sale of more stock shares

At a special meeting today, shareholders of MGIC Investment Corp., the nation's largest provider of private mortgage insurance, voted to issue 20 percent more common stock.

The shareholders agreed to increase the number of the company's authorized stock shares from 300 million to 460 million.

The additional shares were needed after the Milwaukee-based company sold $390 million in convertible debentures in March.

MGIC has been losing money in the fallout of the subprime mortgage collapse.

Kenosha trucking company files for bankruptcy

Kenosha-based JHT Holdings Inc. has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court, District of Delaware.

JHT, through its operating subsidiaries, including Active Truck Transport, LLC, Automotive Carrier Services Co. LLC and Unimark LLC, is a leading provider of transportation services for manufacturers of medium- to heavy-heavy duty trucks throughout the United States, and the company also transports imports from Canada and Mexico.

The company announced it has reached agreement with its lenders to restructure its balance sheet through a voluntary, pre-negotiated Chapter 11 reorganization.

JHT already has reached agreement with a significant majority of its lenders on the reorganization plan. Under the proposed plan, JHT's current lenders will convert a portion of their debt to equity and become the owners of the reorganized JHT. Under the proposed plan, JHT's outstanding bank debt will be reduced by more than 40 percent, and annual cash interest expense will decrease by more than 50 percent. "Yesterday's action is simply a strategic financial decision on the part of JHT Holdings that will not impact the day-to-day operations of our subsidiary companies," said James Welch, chief executive officer of JHT. "This approach is in the best interest of employees, customers and suppliers because it will enable us to dedicate more of our capital to business operations. Once the financial restructuring efforts are complete, we will be in an even better position to serve customers and capitalize on new opportunities within the industry."

JHT said it is taking the action to strengthen its balance sheet so it is better-positioned to weather the current weak truck manufacturing market and manage the cycles inherent in the transportation industry.

"JHT and its lenders have great confidence in the future success of the Company and the fundamental strength of our business model," Welch said. "Our lenders have demonstrated this confidence through strong, enthusiastic support of the reorganization plan and their commitment to provide both short- and long-term financing … We want to emphasize our intention to continue normal day-to-day operations throughout the U.S. and Canada."

Metavante employees donate record amount to Second Harvest

The 400 Schlitz Park employees of Metavante Corp. recently collected and donated 29,492 food items for Second Harvest's Milwaukee center. The collection was nearly double the more than 15,000 food items the local office donated last year.