Calder Capital, LLC is proud to announce the sale of Midwest Die, Corp. of Baroda, MI to Lateral Industries, LLC. Lateral Industries, LLC, is owned by CEO Scott Dawson and his business partners. The business will continue to operate as Midwest Die, Corp.
After almost 40 years in the business, cousins and partners Rodney and Richard Nitz felt that it was time to transition the ownership to someone who would continue to offer their clients the same quality of service, as well as care for the Company’s loyal employee base.
President of Midwest Die Rodney Nitz stated, “We have been blessed with long term clients and a great employee base. Our long-term success is a result of ensuring that we provide a very high level of service to our clients. Our committed team members have been a very important part of making Midwest what it is today. After meeting several potential buyers and fielding multiple offers, we felt that Scott was the right person to take Midwest forward. His extensive background in manufacturing, vision for the future, and numerous industry connections will be tremendous assets to the company.”
According to Scott Dawson, the opportunity to acquire Midwest exceeded the criteria he was looking for in an acquisition. “When I saw the Midwest opportunity, I realized that this was the perfect fit,” remarked Dawson. “I liked the location, the long term and talented employee base, great customers and the potential to grow the company in the future. I am excited to be a part of this wonderful team and look forward to building on the legacy created by Rod and Richard over the last 40 years.”
Rod Nitz will continue to operate as the President of Midwest Die Corp.
Max Friar, Managing Partner of Calder Capital, noted, “A big congratulations to Rod, Richard, and Scott on this successful transaction. A big thank you to Advisor Pankaj Rajadhyaksha. Pankaj gave this engagement his full commitment through COVID. Well-established Michigan manufacturers like Midwest Die have been our bread and butter and I continue to be so pleased when Calder can play a role in the successful continuation of great businesses like Midwest.”
Calder Capital represented Midwest Die as its exclusive Mergers and Acquisitions Advisory firm. Pankaj Rajadhyaksha served as the lead advisor. SouthBank Legal served as legal counsel to Lateral Industries in the transaction, while Midwest Die was represented by Passaro, Kahne, Taylor, DeFrancesco & Thompson.
About Midwest Die
Formed in 1982, Midwest Die is a manufacturer of molds for the die casting industry. Midwest Die produces expert die cast molds primarily for the automotive industry, but also for various other industries such as home appliance, recreation, aerospace, energy generating, defense, furniture, and more. With dedicated and well-trained employees, investment in modern technologies and attention to quality customer service, Midwest Die has proven itself as a trusted and sought-after source for die cast tooling.