New York, New York – Calder Capital, a leading middle-market investment bank, is proud to announce its recognition as a finalist at the 24th Annual M&A Advisor Awards in the category of Industrials Deal of the Year ($10MM–$25MM). The honor highlights Calder’s sell-side advisory role in the acquisition of Harlo Products, a Grandville, Michigan-based manufacturer of rough terrain forklifts, by Borgman Capital of Milwaukee, Wisconsin.
The Harlo Products transaction demonstrated Calder Capital’s ability to deliver meaningful outcomes for legacy businesses, namely, those seeking new ownership and growth potential. Harlo’s ownership group engaged Calder to identify a strong partner that would preserve the company’s 75-year history while positioning it for future success.
Borgman Capital emerged as the ideal partner, drawn to Harlo’s strong brand reputation, experienced leadership team, and significant growth potential. As an independent sponsor, Borgman was able to take a long-term, relationship-driven approach, aligning perfectly with the family’s desire for a thoughtful steward who values people and sustainable growth over short-term gains.
Calder Capital Founder Max Friar commented, “Being named a finalist for Industrials Deal of the Year is a tremendous honor. The Harlo transaction reflects the trust that long-standing, family-owned businesses place in Calder to guide them through pivotal transitions. Our team’s focus was to honor Harlo’s legacy while securing a partner committed to advancing its next chapter of growth. Congratulations to our entire team and thank you to Matt Baas for his leadership as our M&A Advisor on this deal.”
The transaction involved careful coordination to align Harlo’s leadership and employees with Borgman Capital’s vision, while also addressing the complexities of transitioning a multi-generational business. Calder’s expertise in deal execution, buyer vetting, and negotiation was instrumental in achieving the successful outcome.
With the support of Borgman Capital, Harlo Corporation is poised to build on its rich heritage, expand operations, and continue serving as a leader in the rough terrain forklift industry.
For a complete list of the award finalists from the 24th Annual M&A Advisor Awards, please click here.
To read the full press release about the acquisition, please click here.
About The M&A Advisor:
Now in its 27th year, The M&A Advisor was founded to offer insights and intelligence on mergers and acquisitions, establishing the industry’s leading media outlet in 1998. Today, the firm is recognized as the world’s premier leadership organization for mergers & acquisitions, restructuring, and corporate finance professionals, delivering a range of integrated services to accelerate the pace of dealmaking. 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.