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 […]
December’s Off-Market Sellers
We hope 2022 finished strong for you! The Calder team was blessed to finish the year with a new record of 46 completed transactions! For a full deal by deal breakdown and analysis, please click here. The buy-side played a big role in helping Calder break our transaction closing record. And our momentum has us poised for an even bigger year in 2023! With several closings before year end and four buy-side deals slated to close before the end of the month here in January, our team has excess capacity to get moving quickly and take on additional clients. Therefore, we are offering the first month FREE for new buy-side clients that engage us before the end of January. Select Seller Leads Developed in December Speed, the key to success Calder Analyst, Robert Janei, was put to the challenge of finding a unique service company for a buy-side client. Initially, it was tough going to find an ideal fit, but Robert continued to pursue the pool of off-market sellers only to come across a prospect that lit up our buyer’s eyes. Over the holidays, essentially in tandem with the “12 days of Christmas,” our client went under […]
November’s Off-Market Sellers
Welcome to the holiday season. Many think that M&A slows down during this time. That is far from the truth, at least for us. Last week the Calder team closed transaction #42 on the year tying our record set in 2021. A huge shout out to buy-side associate Parker Schaap for getting it done! Off-market lead flow also picked up from last month with our team ultimately generating (ironically also the same number) 42 new off-market leads for active buy-side clients. Business owners are ready to talk. They have been getting hit from all angles over the past three years. Nothing has gotten easier and no one is getting younger. With no signs of change coming anytime soon, a large number of owners are coming to the realization that they don’t want to endure any longer. Many are waiting for a quality buyer to call. Let us help connect you both! Select Seller Leads Developed in November Closing #42 Buy-Side Associate, Parker Schaap, experienced a bittersweet closing this past month after working with a buy-side client for over a year to find the right business. After managing through two LOIs that fell apart both weeks prior to closings with different targets, unexpected obstacles, and countless […]
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 […]