Calder Capital is pleased to announce the successful acquisition of Triad Service Center, located in Kentwood, MI, by Global Industrial of Port Washington, New York.
Triad Service Center operates within the Commercial and Industrial Machinery Maintenance industry and provides service in the eastern half of the United States. Triad is an authorized service, warranty, parts, and rental provider for most makes and models of floor care and other commercial equipment.
Morrison Industries, the parent company of Triad Service Center made the strategic decision to divest Triad in order to sharpen its focus on automation and material handling. Morrison Industries engaged Calder Capital’s Sell-Side team for M&A Advisory in the transaction.
Global Industrial is a nationally recognized leader in industrial and commercial distribution, serving a broad range of sectors across North America.
Jon Pastoor of Calder Capital served as the Lead Mergers & Acquisitions Advisor to Morrison Industries in the sale of Triad Service Center.
Calder Capital brought Triad Service Center to market in November. The process was highly competitive, generating 10+ offers. Ultimately, Morrison Industries underwent LOI with the buyer in the sale of Triad Service Centers in February, and the deal closed in April.
“This was a great acquisition, and mutually beneficial. It was a pleasure to work with Global Industrial and Morrison Industries. The fact that we closed in less than six months from going to market is truly a testament to the alignment of the parties, the stature of Triad Service Center, and the efficiency of Calder Capitals’ sell-side process,” noted Jon Pastoor.
“With over 10 offers received, this was an exceptionally competitive process that ensured our client had high-quality options. Ultimately, the outcome reflects the strength of the market, the great fit that the buyer offers, and our team’s ability to secure the ideal buyer for our client,” shared Max Friar, Founder and Managing Partner of Calder Capital. “We’re proud to help two industry leaders accomplish their goals through this successful deal. I’d also like to congratulate Jon Pastoor for his outstanding work and leadership in managing this transaction.”
Calder Capital served as the exclusive Sell-Side Mergers and Acquisitions Advisor to Morrison Industrial Equipment in the sale of Triad Service Center.
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.
