The Fed is hiking interest rates, inflation is eating away at debt capital investments, and stock markets are down (the S&P is off to its worst start since 1939 – down 13.3% YTD). Where should investors be looking to deploy capital? According to the 2022 Private Capital Markets Report (published last week), 30% of respondents answered “Direct [Business Ownership] Investments” when asked what are the assets with the best risk/return trade-off currently. Calder is seeing that buyer sentiment prove to be true as the interest and competition in our listed opportunities remains sky-high. Our buy-side team can help buyers circumvent many of these challenges and get them connected with sellers who do not want to go through a limited auction process. Take a look at the “Select Seller Leads” below, these are all companies we sourced in April that are engaged in one-on-one conversations with a Calder buyer! Contact us and we can discuss how our team can show you the universe of prospects you’re looking for. Select Seller Leads Developed in April Interested in Working With Us? Calder works with clients on a guaranteed basis, so if we don’t deliver our clients don’t pay. Check out some of our current clients here. Alternatively, […]
March’s Off-Market Sellers
In which direction is the lower middle market moving in 2022? In the midst of inflation, war, rate hikes, burnout, and labor shortage, the consensus at Calder is that sellers appear somewhat reluctant to come to market. Amid the uncertainty, many are skeptical of engaging an M&A firm to run a private auction process. Calder’s sell-side team has felt this sentiment. The sell-side tracks prospects closely and despite record Q1 valuation engagements, Calder is experiencing a lower than historical client conversion rate so far in 2022. Our buy-side team has found that these reluctant sellers are very receptive to targeted outreach, especially when we paint our client as the ideal buyer and show that we understand the emotions of selling. As an example, a recent buy-side closing (announcement coming soon!) occurred with an owner that had been talking to our sell-side for almost a year. The owner had worked very hard to scale the business and was starting to feel burned out. This seller was reluctant to go through an intense sell-side process, even if it may have yielded numerous potential buyers and potentially a higher price. When we launched our buy-side mandate to our network, this owner responded to […]
January’s Off-Market Sellers
We hope that January was a fruitful start to the year for you! Last month, our buy-side team generated 44 proprietary leads, resulting in 30 conference calls and site visits and 5 IOIs/LOIs submitted. It was a good start to 2022 and we’re looking to build on our momentum. How do we do this? It’s 90% elbow grease combined with 10% data science. We combine a personal touch, marketing automation, and data analytics to hone best practices with the tedious work that no one wants to do – lots of research, telephone calls, and email outreach. A question our team gets asked regularly is, “is it a good time to buy?” While there is always uncertainty about the economy, inflation, interest rates, politics, etc., it is almost always the right time for a buyer that has a solid strategy and sticks to it. Our team has found that in most cases it’s the approach rather than the attempt to time the market that leads to a successful acquisition. Don’t sit on the sidelines waiting for it to be the “right time.” That time may never come. Are you curious to see how many potential sellers match your criteria? Let us […]
2021 Off-Market Sellers: Recap
Before jumping headstrong into 2022, let’s reflect on our accomplishments in 2021. Calder’s buy-side team generated 360 proprietary leads, resulting in 215 conference calls and site visits and over 37 IOIs/LOIs. That is a hair under one proprietary lead per day! How do we do this? It’s 90% elbow grease combined with 10% data science. We combine a personal touch, marketing automation, and data analytics to hone best practices with the tedious work that no one wants to do – lots of research, telephone calls, and email outreach. We are proud to generate so many leads for our clients, but even more gratified that our clients are taking these opportunities seriously as they pursued a call or meeting with 59.7% of them. In order to beat our records in 2022, the Calder buy-side team has recently welcomed new Director Hannah Nabhan and Associate Parker Schaap! We are thrilled to have both of these young studs join our team and lead the way this year! There is undoubtedly a wave of sellers building as more owners reach retirement age and experience severe burnout. While not all of these sellers are ready to admit this and go to the market, they are remain very receptive to […]
Positive Chimney & Fire Place of Cadillac, MI Acquired by Individual Investors!
Calder Capital is pleased to announce that Positive Chimney & Fire Place of Cadillac, Michigan has been acquired by individual investors. Positive Chimney was acquired by four of the Company’s employees –Chris Richardson, Mike Gamble, and Cody and Kassie Richardson. Founded in 1982, Positive Chimney provides Northwest Michigan residents with professional sales, installation, and service for all hearth and home needs. After over 40 years in the business, partners and founders Herb Smith and Dave Nederhoed are ready to retire. They engaged with Calder Capital in April of 2021 in order to find the right succession plan. Shane Kissack, Mergers and Acquisitions Advisor at Calder Capital, served as the lead advisor on the transaction. “Before we formally launched to market, we had the opportunity to engage with key employees and learned there was the skill and desire in-house to transition the company to the next generation,” remarked Kissack. “Within months the buyers and sellers were under a signed Letter of Intent. Both the buyers and sellers had the same goal so the process went very smoothly. I am very happy to have helped the company transition internally.” “I’m thrilled to know Positive Chimney will be taken over by several of […]
Calder Capital Buy-Side Client Update: November 2021
Have you been satisfied with your deal flow in 2021? Any desire to spend less time researching and sending emails and more time closing deals in 2022? Our buy-side team continues to offer guaranteed leads for our clients – leads that are off-market, willing to talk to you directly about selling, and those that meet your requirements. Our clients know they are getting what they pay for. Let us show you exactly how many prospects match your target criteria. Complete our Buyer Criteria form and in a few succinct slides we will show you not only how many prospects there are but also where they are located. ***In the Holiday spirit, Calder is offering a special discount for buyers that engage us in the month of December. Follow the Contact information below to learn more.*** Check out some of the off-market leads our buy-side team discovered for our current buy-side clients‘ mandates below. How do we do this? It’s 90% elbow grease combined with 10% data science. We combine a personal touch, marketing automation, and data analytics to hone best practices with the tedious work that no one wants to do – lots of research, cold calls, and email outreach. Select Seller Leads Developed […]
Construction Tool & Supply of Warren, Michigan Acquired by an Individual Investor!
Calder Capital is thrilled to announce that Construction Tool & Supply of Warren, Michigan has been acquired by an individual investor. Founded by Bill Parkhill in 1978, Construction Tool & Supply markets and distributes specialty fasteners and fastening supplies to contractors doing industrial, commercial, and institutional construction. After over 40 successful and rewarding years in the business, Bill is ready to enjoy retirement with his spouse, Kathy. Bill engaged with Calder Capital in the spring of 2021 to find the ideal successor. Construction Tool & Supply was acquired by Sohail Tootla of Detroit, Michigan. Sohail has experience in Operations & Project Management, Corporate Strategy, and Business Administration. “I am honored to purchase this wonderful business,” commented Sohail Tootla. “I value Bill’s philosophy and business ethic. It was immediately apparent to me that CTS is more than just a company–it is a significant part of Bill’s life. My vision is to continue the legacy and reputation of Construction Tool & Supply for generations to come.” Garrett Monroe served as the lead Mergers and Acquisitions advisor to Construction Tool & Supply. “Bill and Kathy Parkhill have invested an entire lifetime into Construction Tool & Supply, and I am enthusiastic that the […]
Calder Capital Welcomes Jakob Simonds to the Central Services Team!
Calder Capital is pleased to welcome Jakob Simonds as Lead Analyst of our Central Services team. Jakob joined our team for the Winter/Spring 2021 Internship program. He’ll be staying on as financial analyst and lead of new client onboarding. While you may remember him as our Guacamole Hater, there is far more to share about Jakob than his aversion to avocados. A recent graduate of Grand Valley State University, Jakob is a Grand Rapids native, a University of Michigan sports enthusiast, and a lover of the outdoors. He takes his coffee black, and yet on par with his willingness to try new things, he’s looking forward to further espresso bar training from Calder’s in-house baristas. While Jakob’s day-to-day responsibilities have remained relatively unchanged from his time in the internship program, Jakob has assumed a leadership role. “I spend time overseeing the work of the other analysts and interns, and onboarding new clients,” he says. “I’m still doing a lot of the same daily tasks (creating financial models, valuations, and comprehensive marketing materials) but I would say that overall I’m working on a lot more of the big-picture initiatives.” Jakob is excited to continue growing along with Calder. “I would also […]
Calder Capital Welcomes Jonathan Dykstra to the Central Services Team!
Calder Capital is pleased to welcome the newest addition to our Central Services team, Jonathan Dykstra. Calder Capital’s Central Services team works behind the scenes to get each client to market and get as many buyers’ eyes on them as possible. The Central Services team is comprised of dedicated and trained financial analysts who compile business valuations and create comprehensive marketing packages for Calder’s sell-side clients. As Calder continues to grow, Central Services is the scaffolding that keeps the foundation strong. A recent graduate of Grand Valley State University, Jonathan earned a Bachelor of Business Administration degree in Finance and Accounting. Jonathan is fresh out of college, but he brings with him an ambition and an experience base that is a great asset to Calder’s work. Jonathan joined the team in September as our newest Financial Analyst. Prior to joining Calder, Jonathan served as an Equity Research & Valuation analyst at Seamstrong Advisors, and as the Vice President of Portfolio Management of GVSU’s investment club. He devotes much of his time to teaching valuation and financial analysis to younger finance majors. Outside of his Finance and Accounting career, Jonathan has dabbled in filmmaking, and he has a deep appreciation for […]
Featured Advisor: Q&A with Rudy Moeller
The newest addition to the Calder team, Rudy Moeller, is an M&A Advisor operating in Louisville, KY. He holds a BA and an MBA from Vanderbilt University, and he’s a bourbon connoisseur who loves to host tastings. Our Managing Partner, Max Friar, asks him a few questions about how he came to be here. Motto: The secret to success in life lies in how well you execute “Plan B.” Favorite Activities: Studying 20th century history, learning more about quantum mechanics and cooking. Karaoke Night Song: A medley of Bobby Darin’s “Mack the Knife” and “Beyond the Sea.” Max: One of your career stops led to you and I working together on the start of a corporate cost reduction consulting franchise more than 10 years ago. We are working together again now. How did that come to be? Rudy: Well, immediately you struck me as a young entrepreneur with a strong desire to help other companies and a keen analytical mind for process development. Earlier in 2021, I began observing your success in the M&A space though LinkedIn, and was really impressed with the results you and the firm were delivering. I believe I mentioned that if you ever wanted […]