Transaction Summary
Calder Capital is thrilled to announce the successful acquisition of Attco Machine Products of South Bend, Indiana, by an Illinois-based entrepreneur.
The Acquisition Story
Attco Machine Products, established in 1962, is a niche manufacturing business specializing in producing components used in aerospace assemblies. Over the past six decades, it has evolved into a reputable manufacturer supported by a dedicated team of 48 employees.
Rick Verwilst, who began his career at the company in June of 1977, climbed the ranks to become the owner and CEO. Ready for retirement, Rick and his wife, Janice, engaged Calder Capital to find a suitable successor to continue the company’s legacy.
The Individual Entrepreneur is a senior executive with extensive experience in investment banking, business development, technology, manufacturing, and transportation. Based in Chicago, Illinois, he has an MBA in Finance, Marketing, and Statistics from The University of Chicago Booth School of Business, and a BS in Industrial Engineering from Stanford University. In search of a manufacturing business to acquire, he found that Attco’s offerings perfectly aligned with his interests.
Calder Capital’s Transaction Team and Sale Process
Calder Capital served as the lead Mergers and Acquisitions Advisor to Attco Machine Products.
Calder Capital attracted the attention of 97 qualified buyers and secured 6 offers for Attco during its time on the market.
“A big shout out to the buyer and Rick on a successful transaction,” commented Calder Founder, Max Friar. “It is simply fantastic when one entrepreneur can successfully pass their business to a next-generation entrepreneur. It’s the epitome of the American dream unfolding right before your eyes. Congratulations to all.”
Calder Capital served as the Exclusive Mergers and Acquisitions Advisor to Attco Machine Products.
The terms of the transaction were not disclosed.
About Attco Machine Products:
Attco Machine Products is a machine shop specializing in producing components used in aerospace assemblies. Attco is located in South Bend, Indiana, and was founded in 1962 by Theodore Shafer and Alfons Verwilst. The Company is proud to be AS9100D and ISO 9001:2015 certified, a testament to its commitment to quality.
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].
