Calder Capital is thrilled to announce the successful acquisition of Champagne & Marx, Inc., an underground utility and excavation contractor based in Saginaw, Michigan, by Major Contracting of Detroit, Michigan.
Founded in 1973, Champagne & Marx is a family-owned, second-generation excavation business that offers a wide range of services, including site utilities, foundation excavation, site preparation, portable crushing, hydro-vac excavation, and landfill construction. The business, which has been operated by siblings Anne Coursey and Christine Davis since 2016, employs 75 people and has built a strong reputation in the Tri-Cities area. Ready for retirement, Anne and Christine engaged Calder Capital’s Sell-Side team.
Major Contracting, established in 1978, is a full-service infrastructure improvement company specializing in concrete paving, water main, sewer, and earthwork. Known for working with many commercial contractors and municipalities in the Metro Detroit area, Major Contracting is excited to expand its presence further north into the Saginaw/Bay City area. The management team at Champagne & Marx will remain in place to oversee operations post-acquisition, ensuring continuity for employees and clients.
Matthew Baas of Calder Capital served as the lead Mergers and Acquisitions Advisor to Champagne & Marx. The Calder Capital team sent CIMs to 87 qualified buyers and secured 4 competitive offers.
Matt commented, “It was an honor to work with both the Champagne & Marx family and Major Contracting. This acquisition represents a perfect alignment of capabilities and geographic expansion. Congratulations to all involved!”
“Working with Calder Capital was an exceptional experience,” Anne commented. “Their team made me feel like a top priority, demonstrating not only their deep knowledge but also their genuine care. Matt was instrumental in navigating challenges, staying patient and persistent throughout the process. Calder’s success rate speaks for itself, and it’s clear they are committed to delivering excellent results. I truly valued their support and resources, which ensured a smooth and successful outcome. I would highly recommend Calder to anyone considering selling their business.”
“Construction is a major industry pillar for Calder and we are thrilled to have another successful transaction under our belt. Champagne & Marx is a well-established family business and we are very pleased that things worked out so well with this strategic acquisition,” stated Calder Founder Max Friar.
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Champagne & Marx, Inc.
About Champagne & Marx, Inc.
Champagne & Marx, founded in 1973, is a family-owned excavation and underground utility contractor based in Saginaw, Michigan. The company offers a range of services, including site utilities, foundation excavation, site preparation, and landfill construction. They also sell MDOT-certified aggregates and offer truck charters.
About Major Contracting
Founded in 1978, Major Contracting is a Detroit-based infrastructure improvement company specializing in concrete paving, sidewalks, curbs, driveways, water main, sewer, and earthwork. The company serves commercial contractors and municipalities throughout Southeastern Michigan.
About Calder Capital, LLC
Founded in 2013, Calder Capital is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations.
