Calder Capital, a nationwide M&A firm headquartered in Grand Rapids, Michigan, has climbed the ranks to No. 62 on Inc.’s sixth annual Inc. Regionals: Midwest list.
This prestigious ranking by Inc. recognizes the fastest-growing private companies in the Midwest, including Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Misso uri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Calder Capital was listed as #5 in Michigan and #1 in West Michigan, due to our rapid growth.
Founded in 2013, Calder Capital, LLC is a lower middle market M&A Advisory Firm focused on representing sellers of manufacturing, construction, distribution, and business services companies with enterprise value from $1-100MM; and strategic buyers seeking platform and bolt-on acquisitions in the same market segments. This is Calder Capital’s fifth consecutive year of recognition, having experienced sustained growth while proving themselves as a leader in the lower middle market M&A advisory market. Past recognitions in many past Inc. 5000 lists include:
- Inc. 5000 Fastest Growing Companies Nationwide List in 2021
- Inc. 5000 Regionals Midwest Region’s Fastest-Growing Companies in 2022
- Inc. 5000 Regionals Midwest Region’s Fastest-Growing Companies in 2023
- Inc. 5000 Fastest Growing Companies Nationwide List in 2023
- Inc 5000 Regionals Midwest Region’s Fastest-Growing Companies in 2024
- Inc. 5000 Fastest Growing Companies Nationwide List in 2024
- Inc 5000 Regionals Midwest Region’s Fastest-Growing Companies in 2025
- Inc. 5000 Fastest Growing Companies Nationwide List in 2025
An extension of the national Inc. 5000 list, the Regionals offer a data-driven look at the most successful independent businesses driving economic growth across their respective regions. Between 2022 and 2024, these 144 private companies had a median growth rate of 69 percent; by 2024, they’d also added 8,171 jobs and $5.2 billion to the region’s economy.
Calder Capital has held the following ranks on the Inc. Regionals list: #61 in 2022, #80 in 2023, #73 in 2024, #30 in 2025, and #62 in 2026.
“The honorees on this year’s Inc. Regionals list achieved exceptional growth at a time when the odds were against them. Amid inflation, supply chain disruptions, and ongoing economic uncertainty, they didn’t just persevere – they innovated, adapted, and thrived. Their resilience made them standouts in their industries and true growth engines in their regions,” said Bonny Ghosh, editorial director at Inc.
“It’s an incredible honor to once again be recognized among the fastest-growing companies in the Midwest,” said Calder’s Founder and Managing Partner, Max Friar. “The past year continued to present challenges for our industry, with elevated interest rates, tighter lending conditions, and ongoing economic uncertainty. Despite that, our team stayed focused on what we could control, executing with discipline, holding ourselves accountable, and operating with integrity. This recognition is a direct result of that consistency, and I couldn’t be prouder of what our team has accomplished.”
Max continued, “it’s a privilege to help buyers and business owners achieve life-changing results in their acquisitions or exits. We are grateful for the trust of our clients, the continued opportunity to serve them, and the ability we are provided to continue growing nationwide, while being centered in the Midwest economy.”
Methodology
The Inc. Regionals lists are ranked according to percentage revenue growth over two years. To qualify, companies must have been founded and generating revenue by March 31, 2022. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2024. (Since then, a number of companies on the list may have gone public or been acquired.) The minimum revenue required for 2022 is $100,000; the minimum for 2024 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
Complete results of the 2026 Inc. Regionals: Midwest can be found here.
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.
About Inc.:
Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.Inc.com.
Notice: Calder Capital, LLC is not affiliated with any similarly named organizations or entities. To verify communications from our firm, visit our website or contact [email protected].