Calder Capital, LLC is excited to announce the acquisition of IBID County Electric of Benton Harbor, MI to individual investors!
Founded in 1969, IBID County Electric is a well-known electrical contractor in the Southwest Michigan area. IBID’s long-term customer base consists of some of the area’s largest employers including hospital systems, casinos, beverage companies, manufacturers, and retail big box stores.
The sellers of IBID County Electric, Rob Atherton and Pat Iliff, owned and operated IBID Electric since 2007. After many decades of working in the industry, both Rob and Pat were ready to transition into retirement. The pair engaged Calder Capital in order to find a qualified successor for the Company.
IBID County Electric was acquired by three individual investors, Nathaniel Burkett, Brooke Deems, and Brandon Beehner.
Pankaj Rajadhyaksha was the lead advisor on the transaction. He worked closely with Pat and Rob to find a buyer.
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to IBID County Electric. The terms of the transaction were not disclosed.
