“From engagement to close, the process took less than six months. This was truly an impressive timeline and we couldn’t be more pleased with Jon Pastoor’s work. Throughout that time, I had complete trust in the Calder Capital team. They were responsive, honest, and knowledgeable. Truly, Calder Capital was an invaluable partner in finding the right buyer.”
– CFO, Commercial Equipment Service Provider, Midwest (Seller)
“Calder Capital’s integrity was evident in this transaction. Jon Pastoor and his colleagues had a respectful approach, which made it easy to work with him. Calder Capital was competent in their work and they communicated clearly. I feel they worked diligently to help all parties achieve the best possible outcome. We couldn’t be more pleased in this acquisition process.”
– Strategic Advisor, Industrial Distributor, Northeast (Buyer)
Calder Capital is pleased to announce the successful acquisition of a commercial equipment service provider headquartered in the Midwest by a national industrial distributor based in the Northeast.
The acquired company (“the company”) operates within the Commercial and Industrial Machinery Maintenance industry and provides service in the eastern half of the United States. It is an authorized service, warranty, parts, and rental provider for most makes and models of floor care and other commercial equipment.
The parent company of the acquired company made the strategic decision to divest in order to sharpen its focus on core competencies. The parent company’s CFO engaged Calder Capital’s Sell-Side team for M&A Advisory in the transaction.
“We believe the commercial equipment service company has found an excellent new home,” stated the CFO. “The companies are strongly aligned and I’m confident this transition will strengthen the acquired company’s ability to expand its reach and innovation under the buyer’s leadership.”
The buyer is a nationally recognized leader in industrial and commercial distribution, serving a broad range of sectors across North America.
“The company’s impressive customer base, service expertise, and leadership under their CEO makes this acquisition a strong strategic fit. We look forward to expanding the company’s impact,” stated the Buyer’s Strategic Advisor.
Jon Pastoor of Calder Capital served as the Lead Mergers & Acquisitions Advisor to the parent company in the sale of the acquired company.
Calder Capital brought the company to market in November. The process was highly competitive, generating 10+ offers. Ultimately, the parent company underwent LOI with the buyer in February, and the deal closed in April.
“From engagement to close, the process took less than six months. This was truly an impressive timeline and we couldn’t be more pleased with Jon Pastoor’s work,” shared the company’s CFO. “Throughout that time, I had complete trust in the Calder Capital team. They were responsive, honest, and knowledgeable. Truly, Calder Capital was an invaluable partner in finding the right buyer.”
“Calder Capital’s integrity was evident in this transaction. Jon Pastoor and his colleagues had a respectful approach, which made it easy to work with him,” stated the buyer’s Strategic Advisor. “Calder Capital was competent in their work and they communicated clearly. I feel they worked diligently to help all parties achieve the best possible outcome. We couldn’t be more pleased in this acquisition process.”
“This was a great acquisition, and mutually beneficial. It was a pleasure to work with the buyer and seller. The fact that we closed in less than six months from going to market is truly a testament to the alignment of the parties, the stature of the acquired company, and the efficiency of Calder Capitals’ sell-side process,” noted Jon Pastoor.
“With over 10 offers received, this was an exceptionally competitive process that ensured our client had high-quality options. Ultimately, the outcome reflects the strength of the market, the great fit that the buyer offers, and our team’s ability to secure the ideal buyer for our client,” shared Max Friar, Founder and Managing Partner of Calder Capital. “We’re proud to help two industry leaders accomplish their goals through this successful deal. I’d also like to congratulate Jon Pastoor for his outstanding work and leadership in managing this transaction.”
Calder Capital served as the exclusive Mergers and Acquisitions Advisor to the parent company. The buyer was represented internally for tax and legal advisory.
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.
