“Calder Capital was incredibly professional, consistent, and thorough. Their responsiveness to diligence questions and deal negotiations was fantastic, helping the Seller and me move forward efficiently through the process. I really appreciated their communication and process management from first signing the NDA all the way through the deal closing. They were knowledgeable and engaged in all facets of the deal.”
– Amit Jain, Board Member, Industrial Quick Search, Richmond, VA (Buyer)
Transaction Summary
Calder Capital, a nationwide mergers and acquisitions advisory firm, is enthralled to announce the successful sale of Industrial Quick Search (IQS) of Grand Rapids, Michigan, to independent sponsor Amit Jain of Richmond, Virginia.
The Acquisition Story
Founded by Mike Meiresonne in 2000, IQS has grown into a leading industrial sourcing and digital marketing platform serving manufacturers, distributors, and industrial suppliers throughout North America. Through its IQS Directory, industry-specific Power Pages, and network of more than 200 SEO-optimized microsites, the company helps industrial buyers connect with qualified suppliers while providing digital marketing solutions including search engine optimization, Google Ads management, and web design services. As Mike began planning for retirement and exploring new ventures, he engaged Calder Capital’s Sell-Side team to identify a qualified buyer who could continue the company’s growth trajectory while preserving its legacy and relationships.
Mike Meiresonne’s engagement led to Calder Capital marketing and advising the sale of IQS to Amit Jain.
Amit Jain is an accomplished technology investor and independent sponsor. Introduced to IQS through Calder Capital’s buyer network, Jain was actively seeking to acquire a technology-enabled business with a proven market position, recurring customer relationships, and meaningful growth opportunities. Jain brings more than a decade of experience investing in and advising leading software, cybersecurity, digital infrastructure, and business services companies, having previously served as a Principal at TA Associates and held board roles with organizations including Bazaarvoice, DigiCert, Ivanti, Netwrix, PDQ, and Edifecs. Jain is looking to apply his industry relationships and technological savvy to guide IQS forward.
Jain shared, “IQS is a unique and entrenched platform for marketing in the manufacturing industry. Online directories create great visibility for the manufacturers listed and offer a premium sourcing tool for industrial buyers. IQS has been very successful not only in building long-term customer relationships with strong organic growth, but also adapting to the changing market landscape over time and the impact of AI on the manufacturing industry and marketing as a whole. Mike has built a great business, and I’m excited to support the addition of new leadership team members to accelerate revenue and product portfolio growth in this next phase.”
Calder Capital’s Transaction Team and Sale Process
Matthew Baas and Jake McDonald of Calder Capital served as the Mergers & Acquisitions Advisors to IQS. Serving as Lead Analyst was Nick Browning of Calder Capital.
Calder’s Sell-Side team generated strong market interest during the sale process, with 309 Confidential Information Memorandums (CIMs) distributed to qualified buyers, and twenty-three indications of interest received, and the buyer pool was narrowed down to Calder ultimately obtaining multiple letters of intent to review. IQS was brought to market in November; the Letter of Intent was executed in February, and Calder successfully closed the transaction in June. The company closed within 7 months of going to market with Calder; moreover, IQS closed within 4 months of signing the letter of intent.
Jain commented, “Calder Capital was incredibly professional, consistent, and thorough. Their responsiveness to diligence questions and deal negotiations was fantastic, helping the Seller and me move forward efficiently through the process. I really appreciated their communication and process management from first signing the NDA all the way through the deal closing. They were knowledgeable and engaged in all facets of the deal.”
McDonald shared, “Mike founded, built, and operated a leading-edge industrial directory for more than two decades. It was great to work with him in selling IQS to a team that is experienced in the industry and capable of building on the foundation that Mike established.”
Baas noted, “Amit quickly stood out as the right partner for IQS. He has a thoughtful approach, long-term vision, and appreciation for the strong foundation Mike built over the past two decades. I’m excited to see him lead IQS into its next chapter while continuing to create value for customers, employees, and stakeholders.”
Garrett Monroe, Calder’s Sell-Side Managing Director, commented, “Technology-enabled business services companies like Industrial Quick Search continue to draw strong interest from acquirers. Calder Capital has built a reputation as a leading M&A advisor for founder-owned digital marketing, SaaS-adjacent, and technology-enabled service businesses across the country. Calder’s sell-side team did an outstanding job representing our client, and I’m especially pleased with the amount of buyer engagement and competitive interest they were able to generate throughout the process.”
Calder Capital served as the Exclusive Sell-Side Mergers and Acquisitions Advisor to Industrial Quick Search with Miles Greengard serving as legal counsel. Additional advisory support to Mike Meiresonne was provided by Matt Meiresonne of Grey Glacier.
About Industrial Quick Search:
Founded in 2000, Industrial Quick Search is a leading industrial sourcing and digital marketing platform serving manufacturers, distributors, and suppliers across North America. Through its IQS Directory, industry-specific Power Pages, and network of more than 200 SEO-optimized microsites, the company connects industrial buyers with qualified suppliers while offering digital marketing services including search engine optimization, Google Ads management, and web design. To learn more, please visit www.IQSDirectory.com.
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].
