Allied Bindery of Madison Heights, MI Sold to Individual Investors

Calder Capital is delighted to announce the successful sale of Allied Bindery of Madison Heights, MI to individual investors!

Allied Bindery is a binding company that caters to the needs of publishers, book manufacturers, and commercial printing firms throughout the Midwest. The Company offers an assortment of services such as perfect binding, layflat binding, saddle stitching, mechanical binding, shrink wrapping, folding, and finishing offerings. Allied Bindery services a variety of industries but is primarily utilized by customers within the automotive and education industries.

Allied Bindery was founded in 1989. In early 2019, Aditi Chavannavar acquired the Company from a regional Private Equity firm. After three years of successfully running and improving Allied Bindery, Aditi decided it was time to transition the Company to new ownership in order to shift her attention to her growing family.

“Sam was an incredible partner to work with through the entire process. He was always available, patient with our requests and questions, and went above and beyond to help us through the process. I would absolutely recommend Sam with no reservations for anyone looking to sell their business,” commented Aditi Chavannavar. 

Allied Bindery was acquired by a group of individual investors, Tyler and Jaylyn Derickson and Drew Wiard. As serial entrepreneurs and real estate investors, the three were on the hunt for a business they could manage and grow for the long term. When they came across Allied Bindery, they found the Company checked off many of their boxes.  

Tyler Derickson stated, “With our background in safety programs, industrial engineering, and small team leadership, we felt this company was the right business to utilize our skill sets and find opportunities for growth. Allied Bindery’s staff provides a wealth of knowledge, and we look forward to working with the incredible team.” 

Sam Scharich, Mergers and Acquisitions Advisor at Calder Capital was the lead advisor on the transaction. He worked closely with Aditi Chavannavar to find the next successor for Allied Bindery.

“Over the course of many months, we were able to build a rapport and I’m grateful Aditi and Praveen (spouse) gave Calder an opportunity to show what we can do. We ran an aggressive and efficient sale process that vetted, qualified, and sent out 140+ CIMs that ultimately yielded four competitive offers. Tyler, Jaylyn, and Drew are well-positioned and very capable to maintain and grow the business for many years to come. I am very happy for Aditi and Praveen. They are among the kindest and most genuine people I have worked with.”

Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Allied Bindery. The terms of the transaction were not disclosed.

 

 

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Calder Capital, LLC