“I’m incredibly grateful to Calder Capital and Matt Baas for their professionalism throughout this process. Their insights and responsiveness made the transaction efficient. It was clear from the beginning that they had Todd and Sheri’s best interests in mind, and they did an outstanding job bringing both parties together for a successful outcome.”
– Steve Zambo, President and CEO, The AGL Group, Boston, MA (Buyer)“It was important to us to find a buyer who appreciated our model and values, and Calder delivered. Matt and the Calder team were absolutely instrumental in making this happen for us.”
Todd Konwinski, Co-Founder, Ada Logistics Group, Ada, MI (Seller)
Calder Capital is pleased to announce the successful acquisition of Ada Logistics, based in Ada, MI, by The AGL Group, headquartered in Boston, MA.
Ada Logistics, founded by Todd and Sheri Konwinski in 2004, specializes in comprehensive freight brokering services, providing truckload, less-than-truckload, and specialized freight solutions throughout 49 states and Canada. With a network of over 6,000 carefully vetted independent carriers, Ada Logistics offers competitive pricing and exceptional service. With Todd and Sheri planning for retirement, the owners engaged Calder’s Sell-Side team to find a growth-minded buyer who would honor what they and their team have built.
The AGL Group, led by entrepreneur Steve Zambo, is a Boston-based organization specializing in logistics and transportation solutions. AGL recognized the strong cultural and operational alignment with Ada Logistics, particularly its emphasis on remote infrastructure and customer-first mentality.
“AGL Group gives us confidence that Ada Logistics will continue to thrive,” shared Sheri Konwinski. “Steve brings a fresh vision and a sincere respect for the way we’ve done business. That was important to us.”
“We immediately saw a strategic fit with Ada Logistics,” stated Steve Zambo. “Their commitment to service and strong carrier relationships align well with our growth goals. We’re excited to build on the Konwinskis’ impressive foundation.”
Matt Baas of Calder Capital served as the Mergers & Acquisitions Advisor for the transaction.
Ada Logistics went to market on December 4 and the transaction attracted substantial interest. Steve Zambo and AGL distinguished themselves early in the process, moving quickly and decisively; this brought the buyer and seller under LOI on December 20. The transaction closed on March 31.
“I’m incredibly grateful to Calder Capital and Matt Baas for their professionalism throughout this process,” added buyer Steve Zambo. “Their insights and responsiveness made the transaction efficient. It was clear from the beginning that they had Todd and Sheri’s best interests in mind, and they did an outstanding job bringing both parties together for a successful outcome.”
“It was important to us to find a buyer who appreciated our model and values, and Calder delivered,” stated Todd Konwinski. “Matt and the Calder team were absolutely instrumental in making this happen for us.”
“This deal consisted of a highly motivated buyer and a disciplined seller coming together in a truly wonderful, collaborative way,” shared Matt Baas. “Although we obtained multiple offers, the strength and alignment of AGL made it the right move for Ada Logistics. I am happy that these parties could align so well on their values and on the future of the company”.
Max Friar, Calder Capital’s Founder and Managing Partner, added: “Ada Logistics represents everything we admire in a sell-side client: lean, efficient, and built to last. We’re proud to have helped facilitate this successful outcome for the Konwinskis.”
Calder Capital served as the exclusive Mergers and Acquisitions Advisor to Todd and Sheri Konwinski. Miles Greengard of Powers & Greengard provided legal counsel to the seller. Mike Douglas of Gennari Aronson, LLP represented the buyer.
About Ada Logistics:
Ada Logistics is a freight brokerage firm based in Ada, MI, offering full-service transportation solutions across 49 states and Canada. With a lean, fully remote model and a network of 6,000+ carriers, Ada Logistics specializes in truckload, LTL, and specialized freight while prioritizing transparency and long-term customer relationships. To learn more, please visit https://adalogistics.com/home.
About The AGL Group:
The AGL Group is a Boston, MA-based logistics and transportation services company with a focus on strategic acquisitions and growth across the freight and supply chain ecosystem. Led by entrepreneur Steve Zambo, AGL is expanding its footprint through thoughtful integration of like-minded logistics partners. To learn more, please visit https://www.theaglgroup.com.
About Calder Capital:
Founded in 2013, Calder Capital, LLC 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. To learn more, please visit http://caldergr.com.
