Calder Capital/SBDA Hammer Home Record 35th Transaction of 2020!

With the successful acquisition of Elkhart, IN-based Power Manufacturing in December, the Calder Capital/SBDA team barreled through another milestone by closing record transaction #35!

“Our team continues to amaze me. I have never been surrounded by such a unified, driven group of quality individuals. Everyone has their own set of unique strengths and combined we are getting it done and rightly being recognized as emerging leaders in Michigan and beyond,” noted Max Friar, Calder’s Founder and Managing Partner.

Calder/SBDA are up 75% in transaction volume versus this time last year, having closed 35 deals in 2020 compared to 20 in 2019.

Friar continued, “We are up 75% in transaction volume vs this time last year with 96% revenue growth. I feel like this is quite an accomplishment considering that industry-wide transactions are down 22% for small businesses and 13-15% for all transactions domestically and internationally.”

In terms of the types of transactions that are getting done by Calder/SBDA in 2020, manufacturing and service lead the way at 34% and 29% of deals, respectively. Distribution and restaurants have accounted for 14% of sales and construction and retail round out the bottom.

Here is a complete list of Calder/SBDA closings through December 1, 2020.

ClientCity of ClientAdvisorBuyer TypeIndustry
Laser Access, Inc.Grand Rapids, MICalderIndividualManufacturing
Topps Safety Apparel, Inc.Rochester, INCalderStrategicManufacturing
Premier Paper & Supplies, Inc.Grand Rapids, MISBDAStrategicDistribution
Family Wellness CenterMidland, MISBDAIndividualService
Family FitnessHolland, MISBDAIndividualService
D.C. Martin & Sons Scales, Inc.Grand Rapids, MICalderStrategicDistribution
Boelcke Heating & Air ConditioningStevensville, MICalderIndividualService
FoxbrightGrand Rapids, MICalderIndividualService
Campbell Murch MemorialsMattawan, MISBDAStrategicManufacturing
College H.U.N.K.S.Des Moines, IASBDAIndividualService
2B StudiosAda, MISBDAIndividualService
Spectrum Health VenturesWyoming, MICalderStrategicHealthcare Manufacturing
Graphics Embossed ImagingGrand Rapids, MICalderIndividualManufacturing
Dickey’s BBQ PitNovi, MISBDAIndividualRestaurant
Stonewall Road Automotive Group, LLCSE MichiganCalderPrivate EquityService
Electric Motor ServiceGrand Rapids, MISBDAIndividualService
A&W RestaurantSt. Charles, MNSBDAIndividualRestaurant
Corridor CoffeeGrand Rapids, MISBDAIndividualsRestaurant
CG Witvoet & Sons, IncGrand Rapids, MICalderInvestment GroupManufacturing
Elite ToolingKalamazoo, MICalderStrategicManufacturing
Waseyabek Development CorpMuskegon, MICalderStrategicManufacturing
Environmental Products ManufacturerCandler, GACalderStrategicManufacturing
Castle Brewing CoGreenville, MISBDAStrategicRestaurant
Bridal GalleryGrand Rapids, MISBDAStrategicRetail
Integrated Manufacturing ConceptsCeresco, MICalderIndividualManufacturing
Oinks Dutch TreatNew Buffalo, MISBDAIndividualRestaurant
Foam WorksLudington, MISBDAIndividualConstruction
Window GenieOlathe, KSSBDAIndividualService
Days Machinery MoversElkhart, INCalderStrategicService
Major Brands OilHolland, MICalderStrategicDistribution
HEI WirelessBenton Harbor, MICalderIndividualService
Ink AddictFerndale, MISBDAStrategicDistribution/eCommerce
Michigan WoodworkWilliamston, MICalderIndividualsManufacturing
Michigan ChandelierSouthfield, MICalderPrivate EquityDistribution
Power Manufacturing, Inc.Elkhart, INCalderIndividualManufacturing

Overall, from an industry standpoint, the breakdown of deals has been as follows:

  • Manufacturing – 34%
  • Service – 29%
  • Restaurant – 14%
  • Distribution – 14%
  • Construction – 6%
  • Retail – 3%

19 transactions have been in Western Michigan, 9 in out-state Michigan, and 7 in other states including Indiana, New York, Iowa, Georgia, Kansas, and Minnesota. Among the buyers, 20 have been individuals, 12 have been strategic buyers, and 3 have been private equity/investment groups.

For a second year in a row, manufacturing transactions led the pack for Calder/SBDA, accounting for 12 transactions and 34% of total deal volume. Calder Capital is a proud member of the Michigan Manufacturer’s Association (MMA).

Friar concluded, “With the election finalized and COVID vaccines on their way to market, I am very confident that 2021 will be a strong year. Based on the decline in transactions nationwide during 2020, it is clear that many sellers are on the sidelines. Many of those will come to market in 2021. Meanwhile, we are pushing hard for 40 deals yet this year and may get there by the skin of our teeth!”

About Calder Capital, LLC

Founded in 2013 by Max Friar, Calder Capital, LLC is a lower middle-market M&A Advisory Firm focused on representing buyers and sellers with enterprise value from $2-100MM primarily in the segments of manufacturing, business services, and distribution. Calder represents sellers primarily in the Midwest and buyers nationwide. 

About Small Business Deal Advisors, LLC

Founded in 2017 by Max Friar and Matthew Baas, Small Business Deal Advisors, LLC is a business intermediary firm focused on serving small, traditionally underserved sellers of businesses with enterprise value generally less than $1MM. SBDA’s clients are customarily franchised re-sales, light industrial, restaurants, and business and personal services. SBDA represents sellers nationwide and in Canada. 

If you are interested in selling your company, please contact us confidentially.

Contact Calder Capital

Please be advised that we take confidentiality seriously. Your inquiry will never be disclosed to a third party and your email address will never be sold!
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