Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
Fathead is taking its headquarters from Livonia, MI, to downtown Detroit.
Internet retailer Fathead LLC is moving from the suburbs to the big city. The company this summer will be taking all 60 staff members from a campus in Livonia, MI, to a new headquarters in downtown Detroit.
Fathead will be moving into the Compuware World Headquarters building. Compuware is run by Peter Karmanos, a friend of Dan Gilbert, founder and chairman of Quicken Loans. Gilbert is majority owner of Fathead. Quicken Loans also will be moving into the Compuware World Headquarters building.
“Dan and Peter are very passionate about what Detroit used to be and what it should become again,” a Fathead spokesman says. “Dan wants to build out the family of Quicken Loans companies in downtown Detroit.”
Patrick McInnis, CEO of Fathead, adds, “We are very pleased to be another company that is making Detroit its home. Fathead is a young, edgy company whose team members are looking for a fun, vibrant urban environment. We’re excited to be part of making that environment happen.”
Fathead, No. 269 in the Internet Retailer Top 500 Guide, sells large images of sports and entertainment stars and cartoon characters that consumers can affix to walls.