Calder Capital, a leading middle market M&A advisory firm, is pleased to announce that Springwise Facility Management, Inc. of South Bend, Indiana, has been acquired by a Michigan-based facility management company.
Founded in 1969, Springwise Facility Management, Inc. (“Springwise”) specializes in facility maintenance and repair project management. Leveraging both third-party and proprietary technology, as well as a team of 37 employees, the company provides its customers with real-time project tracking and reporting. Springwise’s vendor network and service model allow it to support large national retail chains and multi-location businesses across all 50 U.S. states and nine Canadian provinces. The owner of the company engaged Calder Capital’s Sell-Side team to assist him in finding a great buyer to maintain the Company’s longstanding culture, maintain continuity with its customer base, and allow him to transition into retirement.
Founded in the 1980s, Michigan-Based Facility Management Company (“The Buyer”) has grown into a global leader in integrated facilities management. With operations across the U.S. and abroad, The Buyer provides a holistic and adaptive approach to maintenance, repair, and facilities care.
Brad Wallace and Whit Webster of Calder Capital served as the Lead Mergers & Acquisitions Advisors to The Company. Serving as Lead Analyst was Riley Hagen of Calder Capital.
Calder Capital’s Sell-Side process attracted substantial interest, resulting in 266 Confidential Information Memorandums (CIMs) distributed to qualified buyers and 8 formal offers received. The engagement between Calder Capital and Springwise was 10 and a half months total.
Wallace commented, “The sale was an important decision for The Owner as he and his family spent decades building Springwise. Throughout the process, The Owner became increasingly convinced that The Buyer was the right partner for Springwise. In our conversations since the deal closed, I know The Owner continues to feel that way, so I’m happy with a job well done!”
“Calder Capital is proud to have advised the successful sale of Springwise Facility Management,” shared Max Friar, Founder and Managing Partner of Calder. “Our team’s experience in advising facility services and business service acquisitions continues to create meaningful outcomes for our clients. As a leading M&A advisory firm for service-based and facilities management companies, we connect business owners with the right buyers and ensure successful transitions.”
Calder Capital served as the exclusive Sell-Side Mergers and Acquisitions Advisor to Springwise Facility Management. The seller received legal counsel from Andrew Helfrich of Barnes & Thornburg.
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.
