“Jakob was wonderful to work with. Both Joe and I really appreciate his guidance and wisdom through this process. His commitment to us made us feel confident every step of the way. We are grateful for the level of care Calder Capital brought to the table and we are glad we partnered with them.”
– Deb Walters, Co-Owner, Assembly Masters, Elkhart, IN (Seller)
“Calder Capital worked tirelessly to make this sale a reality.”
– Joe Gennicks, Co-Owner, Assembly Masters, Elkhart, IN (Seller)
“Throughout this process, Calder Capital provided invaluable, professional guidance. Their team made this acquisition seamless, and we look forward to working with Assembly Masters’ talented team to achieve new milestones.”
– Andy Robitshek, President, Bay Motor Products, Traverse City, MI (Buyer)
Calder Capital is pleased to announce the successful acquisition of Assembly Masters, Inc., of Elkhart, Indiana, by Bay Motor Products, headquartered in Traverse City, Michigan.
Founded in 2000, Assembly Masters is a well-established manufacturer specializing in custom cable assemblies, wire harnesses, and electromechanical assemblies to their customers in the United States, Canada, and Mexico. With a strong reputation for quality and customer service, Assembly Masters has built lasting relationships with its clients by offering a combination of precision manufacturing and tailored design services.
To secure a successor as they approached retirement, co-owners of Assembly Masters, Deb Walters and Larry “Joe” Gennicks II engaged Calder’s Sell-Side team.
“After over two decades of building Assembly Masters, Joe and I knew it was time to transition the business to new ownership,” said Deb Walters. “Finding a buyer who values our employees and the culture we’ve cultivated was essential. We believe Bay Motor Products is the right fit to carry our legacy forward. Their commitment to innovation and quality aligns with everything we’ve built, and we are excited to see the company continue to thrive under their leadership.”
Bay Motor Products, founded in 1982, is a leading manufacturer of electric motors and blowers for various industries, including HVAC, food equipment, and industrial applications. The company has a long history of providing high-performance, custom-engineered solutions to a broad customer base. Most recently, a focus on lean manufacturing and achieving AS 9100 status has led to expansion into Aerospace and other demanding industries.
“Acquiring Assembly Masters aligns perfectly with our long-term strategic vision,” commented Andy Robitshek, President of Bay Motor Products. “Their expertise in cable assemblies and wire harnesses complements our existing capabilities, allowing us to offer even more integrated solutions to our customers. We are excited to welcome their talented team into our organization.”
Jakob Simonds served as the lead Mergers and Acquisitions Advisor to Assembly Masters.
Calder Capital’s Sell-Side team garnered significant interest, resulting in 271 CIMs sent to qualified buyers and numerous offers received, ultimately leading to Bay Motor Products emerging as the ideal buyer.
Andy Robitshek noted, “throughout this process, Calder Capital provided invaluable, professional guidance. Their team made this acquisition seamless, and we look forward to working with Assembly Masters’ talented team to achieve new milestones.”
Joe Gennicks stated, “Calder Capital worked tirelessly to make this sale a reality.” Deb Walters added, “Jakob was wonderful to work with. Both Joe and I really appreciate his guidance and wisdom through this process. His commitment to us made us feel confident every step of the way. We are grateful for the level of care Calder Capital brought to the table and we are glad we partnered with them.”
“Deb and Joe built a fantastic business, and we were honored to help them find the right buyer to continue their legacy,” remarked Jakob Simonds.
“We are honored to have represented Deb and Joe in this transaction,” said Max Friar, Managing Partner of Calder Capital. “Their commitment to quality and customer service has made Assembly Masters a standout in its field. We are confident that Bay Motor Products will build upon this foundation and drive future growth.”
Calder Capital, LLC served as the exclusive sell-side Mergers and Acquisitions Advisor to Assembly Masters. Eric Seigel and Tom Hall of THK Law, LLP provided legal counsel to the sellers. Greg Luyt of Bowerman, Ford, Clulo & Luyt, P.C. provided legal counsel to Bay Motor Products.
About Assembly Masters:
Founded in 2000, Assembly Masters, Inc. is a leading manufacturer of custom cable assemblies, wire harnesses, and electromechanical assemblies. Serving industries such as agriculture, power distribution, medical, telecommunications, and construction, Assembly Masters is known for its high-quality products and customer-focused solutions. To learn more, please visit https://www.assemblymasters.com.
About Bay Motor Products:
Established in 1982, Bay Motor Products is a premier manufacturer of electric motors and blowers, serving a variety of industries, including HVAC, food equipment, and industrial applications. The company specializes in innovative, high-performance solutions tailored to meet customer needs. To learn more, please visit https://www.baymotorproducts.com.
About Calder Capital:
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. To learn more, please visit http://caldergr.com.
