“Calder Capital has been an exceptional partner throughout this process. Their professionalism, expertise, and dedication ensured we found the perfect buyer to continue our legacy. We couldn’t be happier with the outcome.”
– Jim Chirdon, Tri-Form, Seller
Calder Capital is delighted to announce the successful acquisition of Tri-Form Inc. (“Tri-Form”) of Pittsburgh, Pennsylvania by individual entrepreneur, Aashay Kumar of Chicago, Illinois.
Founded in 1995, Tri-Form Inc. is a precision machining and fabricating company that built its reputation on delivering high-quality metal parts fabrication services. Specializing in drilling, grinding, milling, turning, welding, and assembly, Tri-Form has been a trusted name in the industry for nearly three decades under the leadership of co-owners Jim Chirdon and Bob Serafini.
Having reached a point where they wish to retire and spend more time with friends and family, Jim and Bob engaged Calder Capital’s Sell-Side team to identify the right buyer who could continue the legacy they built while driving the company’s future growth.
Aashay Kumar, an experienced professional with a background in industrial distribution, emerged as the ideal buyer for Tri-Form. Aashay brings over 10 years of experience leading teams across warehouse operations, product development, and customer service. As the owner of a manufacturing company in southwest Pennsylvania, he has a strategic vision to expand his capabilities and customer base through this acquisition.
“The specific opportunity to buy and own a precision metal and machining fabrication business like Tri-Form is compelling because of its solid foundation, consistent profitability, and potential for growth,” shared Aashay. “With my experience in industrial operations, I am confident in my ability to seamlessly transition into the business, maintain its positive culture, and uncover opportunities for expansion.”
Pittsburgh business broker Niko Singh served as the Lead Mergers & Acquisitions Advisor to Tri Form, Inc. The Calder Capital team attracted the attention of 207 qualified buyers and secured 8 serious offers.
“This is a great acquisition for Tri-Form. Jim and Bob were looking for an energetic buyer to carry on the legacy they’ve built over the past 30 years, and Aashay’s vision aligns perfectly with that goal,” Niko remarked.
Jim Chirdon also commented on the transaction, saying, “Calder Capital has been an exceptional partner throughout this process. Their professionalism, expertise, and dedication ensured we found the perfect buyer to continue our legacy. We couldn’t be happier with the outcome.”
Max Friar, Founder of Calder Capital, added, “Congratulations to Jim, Bob, Aashay, and Niko on this successful transaction! Niko’s leadership and persistence were instrumental in ensuring a smooth and beneficial outcome for all parties. We are excited to see Tri-Form continue to thrive under Aashay’s stewardship.”
Calder Capital served as the exclusive M&A Advisor to Tri-Form, Inc. The seller’s legal counsel was provided by Sam Coury, with accounting services from Chris Kaminsky. The buyer was represented by attorney John Prorock.
About Tri-Form:
Tri-Form Inc., established in 1995, is a leading provider of precision machining and fabricating services located in Pittsburgh, Pennsylvania. The company specializes in metal parts fabrication, including drilling, grinding, milling, turning, welding, and assembly. Learn more at http://triforminc.com/.
About Calder Capital:
Founded in 2013, Calder Capital, LLC is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations. Calder Capital combines extensive industry experience, technological innovation, negotiation expertise, and key relationships to deliver exceptional results.
