Calder Capital is pleased to announce the sale of its client, Premier Industries Corporation of Monroe, Michigan, to an individual investor.
Premier Industries is a manufacturing company that designs and builds specialized machinery and industrial automation for a multitude of industries. The Company provides a diverse range of services from small fixtures and tooling to medium-sized, stand-alone custom machines. They also specialize in creating large automated systems integrated with robots, presses, ovens, and transfer lines.
The President of the Company, Thomas Snarey, took operational control over Premier Industries in 1971. In 1985, Thomas and his business partners, Kathleen Vadun and James Cameron purchased Premier Industries and have remained the owners of the Company ever since.
Ready to transition the Company to new ownership, Thomas, Kathleen, and James engaged Calder Capital to find a successor for Premier Industries.
“The buyer and seller stayed the course and persevered to the end to get it done. The sellers had a few different buyer options and ultimately went with the party that they felt was the best fit for the organization and its employees. Additionally, the buyer, Anthony Iacono, possesses the skill set needed to grow and improve the business,” stated Calder M&A Advisors, Ghazey Aleck and Rick Purcey.
“I am very excited to join the Premier Industries family and look forward to serving our customers, collaborating with our great in-house talent, and growing the business,” commented Anthony Iacono.
Calder Capital, LLC served as the exclusive Mergers & Acquisitions Advisor to Premier Industries Corporation.
The terms of the transaction were not disclosed.
About Premier Industries
Founded in 1946, Premier Industries has a long-standing reputation for providing high-quality custom machinery and automation for a wide range of industries including automotive, pharmaceutical, biomedical, glass, steel, furniture, and food industries. The Company’s versatile skill set has allowed them to easily adapt to current industrial demands and maintain high profits despite changes in the economic climate.