Transaction Summary
Calder Capital is excited to announce the successful acquisition of SMW Tooling of Holland, Michigan, by a local buyer group.
The Acquisition Story
Founded in 1990 by Steve Zeerip, SMW Tooling has been a staple in the metal fabrication and CNC machining industries. The company has built a reputation for delivering high-quality, tight-tolerance machined and fabricated products. After 34 years of leading SMW Tooling to success, Steve and his wife Elizabeth, engaged Calder Capital to find a successor.
The buyer group is made up of local professionals who share a common goal. They saw the opportunity to acquire SMW Tooling and recognized its value in the market. With their combined expertise, they plan to build on the company’s strong foundation and continue its success for years to come.
Calder Capital’s Transaction Team and Sale Process
Matthew Baas of Calder Capital served as the lead Mergers and Acquisitions Advisor to SMW Tooling.
The Calder team attracted the attention of 255 qualified buyers, which resulted in 13 offers.
“Congratulations to SMW, Steve, and Elizabeth on a successful manufacturing transaction,” stated Calder Managing Partner Max Friar. “Lower Middle Market manufacturing will always be a pillar of expertise for Calder and it’s great to get another quality transaction done.”
“It was a seamless fit between the buyer and seller,” said Baas. “We’re thrilled to have facilitated this transaction, ensuring the continued success of SMW Tooling under new ownership. Congratulations to all involved!”
Calder Capital, LLC acted as the exclusive Mergers and Acquisitions Advisor to SMW Tooling. The buyer’s legal counsel was provided by John Brown, Hunter Reams, and Marcus Hoekstra of Miller Johnson, while Marshall Bakker of Plante Moran served as the buyer’s CPA. On the seller’s side, Mike Doversberger of Smith Haughey Rice & Roegge served as legal counsel.
About SMW Tooling:
Founded in 1990 by Steve Zeerip, SMW Tooling specializes in providing in-house metal fabrication and CNC machining services to reduce overall production time. Based in Holland, Michigan, SMW Tooling manufactures components utilized in production lines rather than the end products themselves.
About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.
Notice: Calder Capital, LLC is not affiliated with any similarly named organizations or entities. To verify communications from our firm, visit our website or contact [email protected].
