New York, New York – Calder Capital, a leading middle-market investment bank, is proud to announce its recognition as a finalist at the 24th Annual M&A Advisor Awards in the category of Corporate/Strategic Deal of the Year ($10MM–$25MM). Calder is being honored for its role as buy-side advisor to ADAC Automotive in its acquisition of EBW Electronics, a Holland, Michigan-based family-owned electronics manufacturing services (EMS) provider.

The transaction was a direct result of Calder Capital’s targeted buy-side outreach, which generated more than 30 qualified introductions for ADAC. The acquisition of EBW was a strategic step for ADAC in strengthening its position as a leader in a diversified solutions provider to the automotive, industrial, medical, and marine industries, while diversifying into complementary markets. For EBW, the transaction created an opportunity to join forces with a global innovator while maintaining its West Michigan roots.
“We’re honored to be recognized for our role in ADAC’s acquisition of EBW,” said Calder Capital Founder Max Friar. “This recognition is a testament to our team’s persistence and the effectiveness of our off-market, buy-side search process. The partnership between ADAC and EBW is an excellent cultural and operational fit, and we couldn’t be more pleased with the outcome. We’re proud to have supported ADAC in acquiring such a complementary partner and look forward to seeing how the combined strengths of both companies drive continued growth.”
With a strong presence among global OEMs, ADAC sought to leverage its expertise in R&D, access systems, crash safety, and electronics into adjacent markets. By delivering leverage through alternative targets and guiding complex negotiations, Calder enabled ADAC to confidently re-engage and close a deal that had previously stalled. By surfacing compelling alternative acquisition candidates, Calder gave ADAC the negotiating leverage and strategic confidence to re-engage EBW. Calder then led negotiations, diligence, and structuring, ultimately helping drive the transaction to a close on significantly more favorable terms.
With ADAC’s resources and global reach, EBW is well-positioned to accelerate innovation, expand its customer base, and continue delivering exceptional value in the EMS sector. This partnership united two aligned, family-founded Michigan companies, preserving legacy and unlocking sustainable, diversified growth.
For a complete list of the award finalists from the 24th Annual M&A Advisor Awards, please click here.
To read the full press release about the acquisition, please click here.
About The M&A Advisor:
Now in its 27th year, The M&A Advisor was founded to offer insights and intelligence on mergers and acquisitions, establishing the industry’s leading media outlet in 1998. Today, the firm is recognized as the world’s premier leadership organization for mergers & acquisitions, restructuring, and corporate finance professionals, delivering a range of integrated services to accelerate the pace of dealmaking. Learn more at www.MaAdvisor.com.
About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.