Calder Capital, LLC is very pleased to announce the successful sale of Grand Haven, MI-based Erickson Electric Service, Inc. to C&S Electric Service, a subsidiary of Custer, Inc.
Founded in 1988 by Tom Erickson, Erickson Electric Service, Inc. grew steadily and now nearly 30 years later is recognized as a leader in a wide range of electrical and telecommunications services to commercial, industrial and residential customers in Grand Haven and the greater West Michigan area. In addition to these services, the Company also designs and builds industrial electrical automation systems controls and has the internal capability to build and repair industrial machinery which requires expertise in pneumatics, hydraulics, and welding.
Regarding the acquisition, Mr. Erickson stated, “We are very pleased to join forces with the Custer family. Their reputation and resources will allow our team to grow and have access to new and better opportunities. We are very familiar with C&S Electric and believe that we will work well in unison to better serve our customers and team!”
Operations will continue as normal and Erickson Electric Service will continue to serve the Grand Haven area while working on additional C&S projects. The combined electric companies will now have a team of 40 highly skilled employees.
Mark Custer, Vice President at Custer, Inc. noted, “C&S Electric’s acquisition of Erickson Electric Service allows both companies to expand their services into the greater West Michigan market. Adding Erickson Electric Service to the C&S team brings us additional highly skilled electricians and will allow both companies to work on larger projects.”
Custer purchased C&S Electric in 2015 to support Custer’s integrated furniture and technology projects. With the emergence of technology distribution throughout the office, Custer can now integrate electrical distribution into projects.
Pankaj Rajadhyaksha, Mergers & Acquisitions Associate at Calder Capital, LLC was excited about the acquisition: “It was great to work with the Custer team as they continue to expand and strengthen their West Michigan footprint. Their 2015 purchase of C&S Electric proved successful and I’m sure that Erickson will go equally as well. It’s always a genuine pleasure to bring two West Michigan companies together!”
Max Friar, Calder’s Managing Partner noted: “The 2017 M&A market continues to be very strong, with particularly strong interest from buyers. Confidence and capital abound and we are very excited to have already closed our 6th transaction of the year!”
Calder Capital, LLC served as the exclusive M&A Advisor to Erickson Electric Service, Inc.