Calder Capital is pleased to announce the sale of Impres Engineering Services, LLC, an established Holland, Michigan-based 5-axis CNC machining manufacturer, to Blue Star Automation. Calder Capital acted as the exclusive M&A advisor to Impres Engineering Services, LLC.
Established 21 years ago, Impres Engineering Services, LLC is a market leader in fast turnaround 2 through 5-axis machining for a diversified base of customers. Since inception the founder, Ross Hoek, has worked with diligence to build the Company’s infrastructure, maintaining excess capacity to allow for continued growth. Impres is headquartered in Holland, Michigan.
Impres Engineering Services engaged Calder Capital to develop and lead a sale process focused on maximizing seller value and securing a buyer with the financial and operational resources to most effectively succeed with company. Calder Capital identified and approached prospective buyers including strategic and financial buyers. Ultimately, Ross Hoek selected Blue Star Automation, owned by investor Andrew Samrick, as the preferred buyer and the transaction was successfully consummated.
Mr. Samrick had the following to say about the acquisition: “Impres is positioned for significant growth specifically because of the people who work there. They prefer to move quickly, as evidenced by their strong position in prototyping and rapid turnaround CNC work. As a group, they share my passion for doing amazing things. Ross (Hoek) did a fantastic job setting up the company for long-term successful growth. We are very fortunate and excited about taking the company to the next level.”
For additional information about the acquisition please visit: http://mibiz.com/item/23517-blue-star-automation-acquires-impres-engineering-services.
“Max and his team did a great job for the seller. Although Calder represented the seller, I enjoyed working with them as a buyer. They worked hard for their client and ultimately for the deal. I hope that this is the beginning of many more successful transactions!”
– Andrew Samrick, Owner, Blue Star Automation / Blue Star Family Holdings LLC (Buyer)
“We did it! Thanks for all your help guys! We found the buyers, got the sale done, and hit my target price! I am looking forward to getting to choose what I want to do on a daily basis…Thank you!”
– Ross Hoek, Owner, Impres Engineering Services LLC, Holland MI (Seller)