Calder Capital, LLC is thrilled to announce that Kelm-Acubar of Benton Harbor, Michigan has been acquired by The Armor Group of Mason, Ohio. Kelm-Acubar is an industry-renowned provider of precision machining services, with a wealth of expertise and experience in the field. Kelm-Acubar prides itself on supplying only the highest quality OE and aftermarket machined components. The owner, Andy Bodnar, ready to tackle new projects and spend more time with family, engaged Calder Capital to find his successor. Kelm-Acubar was acquired by The Armor Group. The Armor Group is a corporation whose divisions manufacture highly engineered products and provide aftermarket services. Armor holds nine companies that offer diverse capabilities serving a variety of industries. Armor’s mission is to earn business by being a trusted provider of on-time quality manufactured solutions, engineered equipment, and aftermarket services. When asked about the process, Andy Bodnar had the following to say, “There were definitely ups and downs along the way, but I sincerely applaud the efforts of Calder and Advisor Shane Kissack. Shane is patient and knowledgeable. He always took the time to answer my questions and I felt he was always on my side. He did an excellent job.” Shane Kissack of Calder […]
Pro Mold and Die of Roselle, Illinois Acquired by Wolf Industrial Advisors of Grand Rapids, Michigan
Calder Capital, LLC is pleased to announce that Pro Mold and Die of Roselle, Illinois has been acquired by Wolf Industrial Advisors of Grand Rapids, Michigan. Founded in 1973, Pro Mold and Die specializes in manufacturing plastic injection molds and die cast dies. David Long and Walter Schaub, the founders of Pro Mold, have spent the past 48 years building the company into the trusted and respected business it is today. Both Walter and David look forward to their transition to retirement. Pro Mold was acquired by Wolf Industrial Advisors. Wolf Industrial was established in 2020, but boasts over 30 years of experience in helping businesses grow and thrive. As a partner and guide to businesses undergoing transitions, Wolf Industrial offers a range of services including guidance through acquisitions, liquidations, equipment auctions and purchases, and more. With a focus on providing innovative solutions for growth, Wolf Industrial is dedicated to creating successful businesses. Shane Kissack of Calder Capital served as the lead Mergers and Acquisitions Advisor to Pro Mold. “Working with Dave and Walter was a pleasure,” Commented Shane. “Despite the challenges, they approached the process with determination and worked diligently to achieve their goal of retiring by 2023.” Calder […]
Taylor Floor Covering of Elkhart Acquired by an Individual Investor
Calder Capital, LLC is ecstatic to announce that Taylor Floor Covering of Elkhart, Indiana has been acquired by an Individual Investor. Taylor Floor Covering is a retail and wholesale floor covering business located in Elkhart, Indiana. The company was established in 1990. The company founders, Dave and Jayne Steed, have worked tirelessly over the past 20 years to establish a reputable and successful business. Dave brought a wealth of experience in the flooring industry, having spent 10 years working in the field before following his dream to start his own company. Taylor Floor Covering sells a wide assortment of flooring materials to subcontractors and individuals. Ready to transition into retirement, Dave and Jayne engaged Calder Capital to find a successor. Taylor Floor Covering was acquired by Marc Waite. Marc grew up in Michigan and lived in South Bend, Indiana for 26 years. He currently resides in South Carolina and owns Pool Services Corp. Marc has owned Pool Services since 2018 which is located in Myrtle Beach. Pool Services provides pool care and maintenance for residential and commercial properties in Grand Strand. Marc was eager to find an opportunity as he plans to relocate to the Granger, Indiana area to be […]
Corporate Clean Services of Grand Rapids Acquired by a Local Investor
Calder Capital is excited to announce the acquisition of Corporate Clean Services of Grand Rapids, MI by a local individual investor, Harry Kobrak. Harry has previous experience in sales and marketing, on a global scale. After a 20-year international career with Caterpillar, Harry moved back to West Michigan from Tokyo to be closer to family and pursue business ownership. Harry shared that his experience with the business search process was positive and a learning experience. After the process kicked off, he soon realized that considerations like industry and products were not his most important buying criteria. Harry commented, “For me, evaluating the attractiveness of a company had less to do with the specific industry the company operates in than its management team and approach to business. The focus on customers’ needs and exceeding expectations is critical. With Corporate Clean, Jeff (Cobb, the seller) has built a strong team and a great culture. I am excited to work with the team members to invest in further growth opportunities while ensuring we keep the focus on customers and quality”. Corporate Clean Services offers commercial cleaning services and facility services to a wide variety of clients, including corporate offices, manufacturing facilities, car […]
Control Electric, Inc. of Grand Rapids, MI Acquired by an Individual Investor
Calder Capital is electrified to announce the sale of its client, Control Electric (“Control”), to a local individual investor! Founded in 1985 by Steve Dalga, Control Electric is an electrical services provider located in Grand Rapids, Michigan. Control provides residential, commercial, and retail services in the West Michigan area. Control Electric also owns a separate division under the name of “Power by C.E.I.”, which acts as an authorized dealer for the sale, service, and installation of Generac and Kohler generators. Steve Dalga, the founder of Control Electric, decided in 2022 to retire after 37 years as the sole owner of the company. He engaged Calder Capital as his exclusive M&A advisor to find a suitable successor, and Scott Nicholson, a Calder Advisor, served as the lead project manager for the company. “Scott was very helpful throughout the whole process and Calder was able to provide a number of qualified buyers to choose from. The new owner has previous experience within the field and is committed to keeping the business family owned and operated, which is what I was looking for,” noted Steve Dalga. Control Electric was sold to a local individual investor. The new owner plans to be hands-on in […]
Leading Hot Tub Manufacturer Nordic Products Acquired by NY-Based Monomoy Capital Partners, LP
Grand Rapids, MI – Calder Capital, LLC is pleased to announce that it served as the exclusive financial advisor to Nordic Hot Tubs (“Nordic” or the “Company”) in its sale to New York, NY-based Monomoy Capital Partners (“Monomoy”). Headquartered in Grand Rapids, Michigan, Nordic is a manufacturer of high-quality therapeutic hot tubs for residential markets in North America and Europe. The Company was founded in 1995 and excels under the “affordable luxury” tagline using its high-density polyethylene (HDPE) hot tub shells. HDPE is the perfect material that provides durability while being attractive and environmentally friendly. Maurizio Vozza and Barbara Sisung acquired Nordic from its founder in 2013, with Mr. Vozza assuming the President role. Monomoy Capital Partners is a middle-market private investment firm focused on operational value creation. In 2021, Monomoy formed a leading pool and spa wellness platform with the acquisitions of Artesian Spas and Marquis Hot Tubs. Nordic will operate under a parent holding company with its management team working in partnership. The combined platform will provide customers with a broad portfolio of outdoor aquatic products and is seeking additional acquisitions in the pool and spa market. “Monomoy is the ideal partner that we were looking for, and […]
IBID County Electric of Benton Harbor, MI Sold to Individual Investors
Calder Capital, LLC is excited to announce the acquisition of IBID County Electric of Benton Harbor, MI to individual investors! Founded in 1969, IBID County Electric is a well-known electrical contractor in the Southwest Michigan area. IBID’s long-term customer base consists of some of the area’s largest employers including hospital systems, casinos, beverage companies, manufacturers, and retail big box stores. The sellers of IBID County Electric, Rob Atherton and Pat Iliff, owned and operated IBID Electric since 2007. After many decades of working in the industry, both Rob and Pat were ready to transition into retirement. The pair engaged Calder Capital in order to find a qualified successor for the Company. IBID County Electric was acquired by three individual investors, Nathaniel Burkett, Brooke Deems, and Brandon Beehner. Pankaj Rajadhyaksha was the lead advisor on the transaction. He worked closely with Pat and Rob to find a buyer. Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to IBID County Electric. The terms of the transaction were not disclosed.
Jer-Den Plastics of St. Louis, MI Acquired by Jasper Holdings, Inc. of Jasper, Indiana
Calder Capital is elated to announce the acquisition of Jer-Den Plastics of St. Louis, MI to Jasper Holdings, Inc., a 100% associate owned ESOP. Founded in 1995, Jer-Den Plastics is the market-leading custom rotational molder in Michigan, and one of the largest in the Great Lakes Region. The Company produces products such as pool slides, construction bollards, and sign bases for a multitude of industries such as construction, leisure, agriculture, commercial, toys, recreational vehicles, and material handling. Jeff Stahl, the owner of Jer-Den Plastics, saw an advantageous opportunity to pursue a sale of the Company. He engaged Calder Capital to assist in the sale of Jer-Den Plastics. Jer-Den Plastics was acquired by Jasper Holdings, the parent company of Jasper Engines and Transmissions, Jasper Electric Motors, Jasper Innovative Solutions, Jasper-Ecotech, D&W Diesel, Diesel USA Group, and Weller Truck Parts. Matt Uhl, Mergers and Acquisitions Advisor at Calder Capital, was the lead advisor on the transaction. He worked diligently to find the best-suited buyer for Jer-Den Plastics. “It was a pleasure working with Jeff Stahl. Jasper Holdings owns some of the most well-renowned companies in the Midwest. I’m happy to have assisted Jer-Den Plastics in joining Jasper Holding’s impressive list of reputable […]
Construction and Industrial Supplies Distributor B&L Bolt Acquired by Colony Hardware Corporation, a Portfolio Company of Audax Private Equity
Grand Rapids, MI – Calder Capital, LLC is pleased to announce that it served as the exclusive financial advisor to B&L Bolt, Inc. and Slip-On Lock Nut, LLC (“B&L” or the “Company”) in its sale to Colony Hardware Corporation (“Colony”), a portfolio company of Boston-based Audax Private Equity. With locations in Grand Rapids and Kalamazoo, Michigan, B&L Bolt is a value-added distributor of strut, fasteners, power tools, and other supplies to construction and industrial customers. The Company was founded in 1986 and primarily services electrical and mechanical contractors and manufacturers. Founded in 1985, Slip-On Lock Nut is a distribution company that produces specialty nuts that can be positioned on threaded rods at any point and locked in place. The Vander Ploeg brothers, Mark Vander Ploeg and Dave Vander Ploeg acquired B&L Bolt from its founder in 2009 and Slip-On Lock Nut in 2012, also from its founder. Mark assumed the President role with financial overview, and Dave assumed the Vice President role leading the sales team. Colony Hardware Corporation, a portfolio company of Audax Private Equity, is a leading direct-to-jobsite distributor of tools and equipment to contractors serving commercial, institutional, industrial, mixed-use, and public infrastructure end markets headquartered in Orange, […]
Custom Profile Lamination Company Acquired by Production Cabinetry & Woodworking Manufacturer
Calder Capital is elated to announce the acquisition of a custom profile lamination company (“Seller”) by a production cabinetry and woodworking manufacturer (“Buyer”). The custom profile lamination company manufactures custom profile wrapped mouldings and raw medium density fiberboard (MDF) mouldings. It produces profile wrapped mouldings for everything from simple frames to more intricate fixtures. The Seller offers its moulding services for several applications including cabinets, furniture, and windows. Ready to transition into retirement, the owner engaged Calder Capital to assist in finding a new owner. The Seller was acquired by a production cabinetry and woodworking manufacturer based out of the Midwest. It manufactures cabinet doors, surfaces, panels, and more. The acquisition of the custom profile lamination company is a synergistic fit for the Buyer as it will assist the manufacturer in expanding its service offerings and capabilities. Sam Scharich, Mergers and Acquisitions Advisor at Calder Capital, was the lead advisor on the transaction. Sam worked diligently to find an ideal buyer for the Seller. “I am very happy for the seller, we originally contacted him on behalf of an engaged buy-side buyer, but the buyer ended up passing. Following this interaction, he trusted us to represent him and get him […]