Calder Capital is proud to announce that the acquisition of EBW Electronics by ADAC was named Corporate/Strategic Deal of the Year ($10MM to $25MM) in the 17th Annual International M&A Awards. Calder Capital served ADAC of Grand Rapids, Michigan as its exclusive buy-side advisor in their acquisition of Holland, Michigan-based EBW Electronics.
Founded in 1992, EBW Electronics has built a strong reputation as a global leader in electronic manufacturing solutions, specializing in sensors, switches, actuators, and lighting systems. The acquisition strengthened ADAC’s electronics capabilities and supported ADAC’s innovation and end-market diversification goals.
ADAC employs more than 1,000 team members and operates a diverse manufacturing footprint across North America and Latin America. The company maintains multiple facilities in Michigan, including Grand Rapids, Muskegon, and Saranac, as well as a U.S. location in El Paso, Texas. Internationally, ADAC operates manufacturing plants in Juarez and León, Mexico, and São Paulo, Brazil. Through this broad geographic presence, ADAC serves global OEM customers across the automotive, industrial, medical, and marine sectors, delivering integrated solutions spanning electronics, vehicle access systems, lighting components, radar, and communication technologies.
The transaction, completed in April 2025, was recognized for its strategic significance and international impact. The acquisition enhances ADAC’s electronics manufacturing and engineering capabilities in West Michigan while further strengthening its ability to support customers across its global platform.
Patrick Robey of Calder Capital served as the Lead M&A Advisor to ADAC, with Hannah Nabhan as Buy-Side Director and Alex Flechsig as Buy-Side Associate.
Over the course of the engagement, Calder Capital facilitated 36 introductions of ADAC to prospective acquisition targets, ultimately helping ADAC acquire EBW Electronics as a strong fit for its strategic and growth objectives. The acquisition aligned with ADAC’s long-term vision to expand its capabilities and accelerate growth within its electronics platform.
“We are proud to see ADAC’s acquisition of EBW Electronics recognized on an international stage,” commented Max Friar, Founder and Managing Partner of Calder Capital. “Our team worked closely with ADAC to source a company with strong synergies. The fact that a West Michigan-based buyer and seller were recognized as a winner in The M&A Advisor’s International Awards is a compliment to ADAC. It’s a compliment to their reach, their now-strengthened international platform, and their increased ability to meet growing global demand.”
The 17th Annual International M&A Awards, presented by The M&A Advisor, recognize leading firms, professionals, and transactions across the global dealmaking landscape. The winners were chosen by an independent panel of global industry experts, representing a diverse range of sectors and disciplines across the dealmaking community.
Read the full press release for the ADAC acquisition of EBW Electronics here.
For a complete list of all award winners from the 17th Annual International M&A Awards, please click here.
About ADAC:
ADAC, headquartered in Grand Rapids, Michigan, is a leading diversified solutions provider to the automotive, industrial, medical, marine and other industries offering design, development, customization, quality control, testing and validation, prototyping, and manufacturing. To learn more, please visit https://www.ADACCompanies.com.
About EBW Electronics:
EBW Electronics, based in Holland, Michigan, is a global leader in LED circuit board design and electronic manufacturing. The company specializes in high-performance printed circuit board assemblies and innovative LED applications tailored for a wide range of industries. To learn more, please visit https://EBW-Electronics.com.
About The M&A Advisor:
Founded in 1998, The M&A Advisor is the global leader in connecting, recognizing, and informing professionals in M&A, restructuring, and corporate finance. Now in its 28th year, they provide world-class content, events, and honors programs that empower dealmakers at every stage of their journey. 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.
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].