Calder Capital, LLC is very pleased to announce the successful sale of Indianapolis, IN-based ADKOS to an individual investor.
ADKOS is a non-asset based storage company with a national footprint proudly serving active military service members with Privately-Owned Vehicle (“POV”) storage and monthly maintenance services to such vehicles while they are stationed or deployed overseas. The average length of vehicle storage is approximately 24 months.
Magnate Capital Partners, LLC, (“Magnate”) a private equity firm, became involved in the operations of ADKOS in 2011 based on its personal and business relationships with the previous majority owner. The previous owner passed away in 2012 and Magnate acquired a controlling interest from his estate in July 2013. Since the beginning of its relationship with ADKOS, Magnate has brought certain operational and strategic efficiencies to the Company by putting Mike Welch, a seasoned logistics CEO of a public company, and John Borling, Major General USAF retired, as direct advisors and Board members to the Company.
After reevaluating their portfolio, it was determined that ADKOS did not align with Magnate’s future strategic portfolio investments and therefore Magnate along with the other minority owners of the Company began pursuing the sale of the business.
The buyer, Frank Shinnick of Short Game Strategies, LLC, was very excited at the opportunity to overtake the reins, “ADKOS is positioned very strongly with favorable economic conditions going forward. I look forward to continuing the Company’s growth and I am thankful for the relationship and assistance provided by Magnate Capital Partners for many years.”
Calder Capital, LLC served as the exclusive M&A Advisor to ADKOS, with Max Friar as the lead advisor.