Bus and motorcoach parts manufacturing company Power Manufacturing, Inc. of Elkhart, Indiana, has been acquired by BAV, Inc./Lucas Group.
Calder Capital, LLC is proud to announce the acquisition of Indiana-based Custom Millwork & Display by an individual investor! Founded in 2005, Custom Millwork is a family-owned manufacturer of custom-made millwork, architectural millwork, and furniture for universities, schools, churches, and businesses. Based in South Bend, Indiana, Custom Millwork is known for its creativity, reliability, and flawless craftsmanship. For the past several years it has been owned and operated by the founder, Jerrel Mead, and his son and partner, Dustin Mead. The Company was acquired by Kurt Madvig, an entrepreneur with a diverse background in economics, business operations, management, and product development, as well as experience in the automotive industry. This past year, Kurt took a leap by removing himself from the corporate world in order to pursue entrepreneurship, and the acquisition of Custom Millwork is a huge step in achieving his goal. Over their 15 years running Custom Millwork, Jerrel and Dustin built a standout reputation that allowed them to earn a comfortable living while doing the work they love. With 2017-2019 being the Company’s most successful years, Jerrel decided it was a good time to sell, and sought Calder Capital’s aid in finding the right buyer. “COVID-19 created some […]