“If it wasn’t for Garrett, I am not sure I would have made it through this process. He very professionally guided me through all the really tough spots, right up to the end. He deserves a lot of credit for this closing actually happening. He pulled me off the ceiling so many times and spent a lot of time educating me about the process so I could make good decisions. I really enjoyed working with him. I would recommend him and Calder to anyone and everyone who needs to sell their business.”
– Denise Losey, President, Jackson Tumble Finish, Jackson, MI (Seller)
“Garrett was a fantastic resource throughout this process, and I enjoyed working with him. He is a straight-shooter, and I could always trust Calder Capital.”
– Steve Gross, CEO, VSP Ventures, Ferndale, MI (Buyer)
Calder Capital is pleased to announce the successful sale of Jackson Tumble Finish of Jackson, Michigan, to VSP Ventures of Ferndale, Michigan.
Founded in 1956, Jackson Tumble Finish is a trusted provider of metal conversion coatings. The business was founded by President Denise Losey’s late husband, who operated the Company until 2006. After his passing, Denise assumed full ownership and the role of President. Her commitment and leadership stabilized the Company during a critical period, and she ultimately positioned it for this successful transition as she pursues retirement, with the help of Calder Capital’s Sell-Side advisory team.
Stephen Gross, of VSP Ventures, brings a decade of corporate leadership experience, including time at General Motors. His vision is to preserve Jackson Tumble Finish’s family-oriented culture while growing the business and continuing to serve its valued customers and employees.
Denise shared, “After managing the company for 15 years, I am confident that Steve will carry Jackson Tumble Finish forward with integrity and care. I’m eager to assist him in leading the company before I fully retire. He truly appreciates the culture we’ve built here, and I know he will continue to support the employees and customers who are the heart of this business.”
“I am thrilled to take the helm of Jackson Tumble Finish and build upon the strong foundation Denise has established,” Gross stated. “Her dedication to the Company and its people is inspiring, and I look forward to leading with that same level of care and commitment.”
Garrett Monroe of Calder Capital served as the lead Mergers and Acquisitions Advisor to Jackson Tumble Finish.
There was strong market interest in Jackson Tumble Finish. Through Calder’s on-market process, the CIM was sent to 120 qualified buyers, and Jackson Tumble Finish ultimately received 8 offers.
Denise expressed her appreciation to Calder Capital and Monroe, saying, “If it wasn’t for Garrett, I am not sure I would have made it through this process. He very professionally guided me through all the really tough spots, right up to the end. He deserves a lot of credit for this closing actually happening. He pulled me off the ceiling so many times and spent a lot of time educating me about the process so I could make good decisions. I really enjoyed working with him. I would recommend him and Calder to anyone and everyone who needs to sell their business.”
Gross added, “Garrett was a fantastic resource throughout this process, and I enjoyed working with him. He is a straight-shooter, and I could always trust Calder Capital.”
Monroe reflected, “Denise exhibited great perseverance throughout this sale. She’s an incredible woman and leader. I’m glad that we were able to bring her a successful exit with Steve arising as her ideal successor. It was made clear through our process that Steve has the ability, grit, and vision to carry Jackson Tumble Finish forward.”
“We extend our sincere congratulations to Denise, Steve, and Garrett on the successful sale of Jackson Tumble Finish,” said Max Friar, Founder and Managing Partner of Calder Capital. “The sale of a business, especially one built over years of dedication and family involvement, is often an emotional and multifaceted process. Garrett and our team navigated the transaction with professionalism and care, achieving an outcome that served the best interests of both parties. This marks yet another successful sale of a Michigan-based industrial company, a space in which Calder Capital continues to lead.”
Calder Capital served as the exclusive Sell-Side Mergers and Acquisitions Advisor to Denise Losey and Jackson Tumble Finish. Mindi Johnson and Amanda Dernovshek of Foster Swift provided legal counsel for Jackson Tumble Finish, and Gary Davison of Davison & Associates, CPA served as the CPA. Seth T. Seidell at Seidell Law served as VSP Ventures’ legal counsel. Old National Bank provided financing for the buyer.
About Jackson Tumble Finish:
Founded in 1956, Jackson Tumble Finish provides a variety of metal conversion coatings, including phosphate, pickle, black oxide, tumbling/vibratory deburr, shot blast, passivation, and brite dip services. The Company serves a wide range of industries with a reputation for quality, reliability, and versatility. To learn more, please visit https://www.jacksontumble.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.
