The Bolt Bin, West Michigan Technical Supply, and Clear Vision Inspection were founded in 2007 by West Michigan entrepreneur Tim Irwin. All three companies were acquired in the transaction. The three companies together supply maintenance, repair, and operations (MRO) fasteners, production fasteners, as well as sorting, quality, and inspection services from a centralized location in West Michigan. The Companies offer a one-stop-shop that is not customary within the fastener manufacturing and distribution industry.
The Companies were purchased by brothers and West Michigan natives Jordan Vander Kolk and Travis Vander Kolk. Sons of Royal Technologies founder, Jim Vander Kolk, entrepreneurship courses through the Vander Kolk brothers’ blood. The Bolt Bin, West Michigan Technical Supply, and Clear Vision Inspection have a bright future under their skilled management.
“We were ecstatic when we came across this opportunity,” commented Jordan Vander Kolk. “The fastener industry is a staple in the economy, and this three-in-one opportunity we feel gives us a robust platform to build on and go many different directions. We are proud to continue such a great business and are thankful to Tim Irwin for establishing such a successful company.”
Jordan has served as President of Artisan Medical Displays for almost a decade. He has an extensive background in commercial banking, and in working in this area through the recession of 2008, he has a competitive knowledge of what industries do well under pressure. Combining his skillset with Travis Vander Kolk’s experience as President of Process Engineering & Equipment Company of Comstock Park, Michigan, the two make for a highly effective partnership.
Travis stated, “We are very satisfied with the entire staff at Calder Capital. Working with their team members on a tight timeline created some logistical and time-sensitive issues. Their coordination of the process was a benefit to both the sellers and ourselves. In future opportunities, we would certainly consider their assistance.”
Commented the seller, Tim Irwin, “After running [the Companies] for going on fifteen years, I felt it was time to move into the next phase of life. I’m not the type to want to work 80 hours per week until I’m dead. Travis and Jordan have great experience and a youthful energy. I couldn’t be more pleased with the outcome and satisfied that Calder Capital paired us with the right buyers. I would happily refer all fastener and industrial distribution companies to Calder Capital because of my extremely positive experience with them. While there were certainly ups and downs in the selling process, Calder ran a very efficient process, introduced multitudes of qualified buyers, helped me through negotiations, due diligence, and legal review, and allowed us to close on time and only a few months after we put the business on the market!”
Garrett Monroe and Ghazey Aleck, Mergers and Acquisitions Advisors at Calder Capital, LLC, were the lead advisors on the transaction, working closely with Tim Irwin to find the right buyer and see that the deal was made to the satisfaction of all parties. “In my opinion, this was the deal of the year in 2020,” said Garrett Monroe. “We got this deal done in less than two and a half months–that’s crazy! We also obtained an all-cash offer, and I am confident that the Vander Kolk brothers will take these three companies to the next level.
The deal closed on New Year’s Eve of 2020, rounding out Calder Capital’s record-breaking year with an even 40 successfully closed transactions. “As I’ve stated publicly, my heart sank in March 2020,” stated Max Friar, Managing Partner. “Momentarily, I felt that all of our momentum would be lost. I couldn’t have been more wrong and I cannot believe the energy, focus, and resiliency that our team, our clients, and buyers have demonstrated. I am the proudest I’ve ever been in what we have accomplished and I’m looking forward to crushing 2021 surrounded by friends and colleagues of the most incredible caliber and integrity that I’ve ever known!”
Calder Capital, LLC, served as the exclusive Mergers and Acquisitions partner to The Bolt Bin, West Michigan Technical Supply, Inc., and Clear Vision inspection.